Fair Value (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Quoted Prices in

Significant

Active Markets

Other

Significant

for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Dollars in thousands)

Amount

(Level 1)

(Level 2)

(Level 3)

December 31, 2020:

Securities available-for-sale:

Agency obligations 

$

97,448

—

97,448

—

Agency MBS

163,470

—

163,470

—

State and political subdivisions

74,259

—

74,259

—

Total securities available -for-sale

335,177

—

335,177

—

Total assets at fair value

$

335,177

—

335,177

—

December 31, 2019:

Securities available-for-sale:

Agency obligations 

$

50,708

—

50,708

—

Agency MBS

123,277

—

123,277

—

State and political subdivisions

61,917

—

61,917

—

Total securities available -for-sale

235,902

—

235,902

—

Total assets at fair value

$

235,902

—

235,902

—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Quoted Prices in

Active Markets

Other

Significant

for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Dollars in thousands)

Amount

(Level 1)

(Level 2)

(Level 3)

December 31, 2020:

Loans held for sale

$

3,418

—

3,418

—

Loans, net

(1)

319

—

—

319

Other assets

(2)

1,330

—

—

1,330

Total assets at fair value

$

5,067

—

3,418

1,649

December 31, 2019:

Loans held for sale

$

2,202

—

2,202

—

Loans, net

(1)

99

—

—

99

Other assets

(2)

1,299

—

—

1,299

Total assets at fair value

$

3,600

—

2,202

1,398

(1)

Loans considered impaired under ASC 310-10-35 Receivables. This amount reflects the recorded investment in 

impaired loans, net of any related allowance for loan losses.

(2)

Represents MSRs, net carried at lower of cost or estimated fair value.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Weighted

Carrying

Significant

Average

(Dollars in thousands)

Amount

Valuation Technique

 Unobservable Input

Range

of Input

December 31, 2020:

Impaired loans

$

319

Appraisal

Appraisal discounts

10.0

-

10.0

%

10.0

%

Mortgage servicing rights, net

1,330

Discounted cash flow

Prepayment speed or CPR

18.2

-

36.4

%

20.7

%

Discount rate

10.0

-

12.0

%

10.0

%

December 31, 2019:

Impaired loans

$

99

Appraisal

Appraisal discounts

10.0

-

10.0

%

10.0

%

Mortgage servicing rights, net

1,299

Discounted cash flow

Prepayment speed or CPR

11.2

-

22.4

%

11.6

%

Discount rate

10.0

-

12.0

%

10.0

%

Financial Instruments [Table Text Block]

Fair Value Hierarchy

Carrying 

Estimated

Level 1

Level 2

Level 3

(Dollars in thousands)

amount

fair value

inputs

inputs

Inputs

December 31, 2020:

Financial Assets:

Loans, net (1)

$

456,082

$

451,816

$

—

$

—

$

451,816

Loans held for sale

3,418

3,509

—

3,509

—

Financial Liabilities:

Time Deposits

$

160,401

$

162,025

$

—

$

162,025

$

—

December 31, 2019:

Financial Assets:

Loans, net (1)

$

456,515

$

453,705

$

—

$

—

$

453,705

Loans held for sale

2,202

2,251

—

2,251

—

Financial Liabilities:

Time Deposits

$

167,199

$

168,316

$

—

$

168,316

$

—

(1) Represents loans, net of unearned income and the allowance for loan losses. The fair value of loans was measured using an exit price notion.