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Fair Value of Financial Instruments and Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2020 and December 31, 2019 are as follows:
Fair Value Measurements
(dollars in thousands)Carrying
Value		Estimated
Fair Value		Level
1		Level
2		Level
3
June 30, 2020
Assets
Cash and short-term investments$191,046  $191,046  $191,046  $—  $—  
Investment securities available for sale373,610  373,610  —  371,604  2,006  
Other investments, at cost3,954  3,954  3,225  729  —  
Loans held for sale16,537  16,537  —  16,537  —  
Loans, net1,103,688  1,125,455  —  —  1,125,455  
Liabilities
Deposits1,421,758  1,421,287  —  1,421,287  —  
Paycheck Protection Program Liquidity Facility134,500  134,500  —  134,500  —  
Federal Home Loan Bank advances36,500  33,820  —  33,820  —  
 Other borrowings38,292  38,292  —  38,292  —  
Fair Value Measurements
(dollars in thousands)Carrying
Value		Estimated
Fair Value		Level
1		Level
2		Level
3
December 31, 2019
Assets
Cash and short-term investments$104,092  $104,092  $104,192  $—  $—  
Investment securities available for sale347,332  347,332  —  345,310  2,022  
Other investments, at cost4,288  4,288  3,559  729  —  
Loans held for sale10,076  10,076  —  10,076  —  
Loans, net961,951  938,475  —  —  938,475  
Liabilities
Deposits1,293,742  1,294,506  —  1,294,506  —  
Federal Home Loan Bank advances47,000  44,402  —  44,402  —  
Other borrowings38,792  38,792  —  38,792  —  
Fair Value Measurements, Recurring and Nonrecurring The following table presents the recorded amount of the Company’s assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2020 and December 31, 2019, aggregated by the level in the fair value hierarchy within which those measurements fall. The table below includes only impaired loans with a specific reserve and only other real estate properties with a valuation allowance at June 30, 2020 and December 31, 2019. Those impaired loans and other real estate properties are shown net of the related specific reserves and valuation allowances.
Fair Value Measurements at Reporting Date Using
(dollars in thousands)Total Fair ValueQuoted Prices in
Active Markets for
Identical Assets (Level 1)		Significant Other
Observable Inputs (Level 2)		Significant
Unobservable
Inputs (Level 3)
June 30, 2020
Recurring Securities Available for Sale
U.S. treasury securities$245  $—  $245  $—  
State, county & municipal securities29,700  —  29,700  —  
Corporate Debt securities3,006  —  1,000  2,006  
Mortgage-backed securities340,659  —  340,659  —  
Total available for sale securities$373,610  $—  $371,604  $2,006  
Nonrecurring
Collateral Dependent Impaired Loans$4,820  $—  $—  $4,820  
Other Real Estate1,769  —  —  1,769  
Total nonrecurring assets$6,589  $—  $—  $6,589  
Fair Value Measurements at Reporting Date Using
(dollars in thousands)Total Fair
Value		Quoted Prices in
Active Markets for
Identical Assets (Level 1)		Significant Other
Observable Inputs (Level 2)		Significant
Unobservable
Inputs (Level 3)
December 31, 2019
Recurring Securities Available for Sale
State, county & municipal securities$5,115  $—  $5,115  $—  
Corporate Debt securities2,806  —  784  2,022  
Mortgage-backed securities339,411  —  339,411  —  
Total available for sale securities$347,332  $—  $345,310  $2,022  
Nonrecurring
Collateral Dependent Impaired Loans$5,985  $—  $—  5,985  
Other Real Estate1,320  —  —  1,320  
Total nonrecurring assets$7,305  $—  $—  $7,305  
Fair Value Measurement Inputs and Valuation Techniques
The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 of the fair value hierarchy measured on a nonrecurring basis at June 30, 2020 and December 31, 2019. This table is comprised primarily of collateral dependent impaired loans and other real estate:
(dollars in thousands)June 30, 2020Valuation
Techniques		Unobservable
Inputs		Range
Weighted Avg
Collateral Dependent Impaired Loans$4,820  Appraised ValueDiscounts to reflect current market conditions, ultimate collectability, and estimated costs to sell10 %80 %
Other Real Estate1,769  Appraised Value/Comparable SalesDiscounts to reflect current market conditions and estimated costs to sell— %20 %

(dollars in thousands)December 31, 2019Valuation
Techniques		Unobservable
Inputs		Range
Weighted Avg
Collateral Dependent Impaired Loans$5,985  Appraised ValueDiscounts to reflect current market conditions, ultimate collectability, and estimated costs to sell— %20 %
Other Real Estate1,320  Appraised Value/Comparable SalesDiscounts to reflect current market conditions and estimated costs to sell— %20 %
The following table presents quantitative information about recurring level 3 fair value measurements as of June 30, 2020 and December 31, 2019.
(dollars in thousands)
June 30, 2020Fair ValueValuation TechniquesUnobservable
Inputs		Range
(Weighted Avg)
Corporate debt securities$2,006  Discounted Cash FlowDiscount Rate or YieldN/A*
December 31, 2019
Corporate debt securities$2,022  Discounted Cash FlowDiscount Rate or YieldN/A*
* The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (level 3) for the six months ended June 30, 2020 and 2019.
Available for Sale Securities
(dollars in thousands)June 30, 2020June 30, 2019
Balance, Beginning$2,022  $4,277  
Transfers out of Level 3—  —  
Sales—  —  
Paydowns(16) (883) 
Realized Loss on Sale of Security—  —  
Unrealized gains included in Other Comprehensive Income —  40  
Balance, Ending$2,006  $3,434