Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The fair values of recognized financial instruments as of June 30, 2020 and December 31, 2019 are as follows:

(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Fair Value
June 30, 2020
Financial assets
Cash and cash equivalents	$	173,825	$	173,825	$	—	$	—	$	173,825
Securities available-for-sale		103,202		1,018		102,184		—		103,202
Securities held-to-maturity		10,871		—		11,120		—		11,120
Equity securities		83		37		—		46		83
Restricted stock		4,614	N/A		N/A		N/A		N/A
Loans held for sale		1,678		1,678		—		—		1,678
Net loans		628,964		—		—		630,125		630,125
Bank-owned life insurance		19,153		19,153		—		—		19,153
Accrued interest receivable		1,581		1,581		—		—		1,581
Mortgage servicing rights		381		—		—		381		381
Financial liabilities
Deposits	$	815,961	$	690,584	$	—	$	126,988	$	817,572
Short-term borrowings		43,865		43,865		—		—		43,865
Other borrowings		9,865		—		—		9,993		9,993
Accrued interest payable		102		102		—		—		102
December 31, 2019
Financial assets
Cash and cash equivalents	$	102,017	$	102,017	$	—	$	—	$	102,017
Securities available-for-sale		112,146		999		111,147		—		112,146
Securities held-to-maturity		13,869		—		13,950		—		13,950
Equity securities		92		46		—		46		92
Restricted stock		4,614	N/A		N/A		N/A		N/A
Loans held for sale		622		622		—		—		622
Net loans		544,616		—		—		542,981		542,981
Bank-owned life insurance		18,894		18,894		—		—		18,894
Accrued interest receivable		1,641		1,641		—		—		1,641
Mortgage servicing rights		328		—		—		328		328
Financial liabilities
Deposits	$	683,546	$	555,985	$	—	$	127,440	$	683,425
Short-term borrowings		38,889		38,889		—		—		38,889
Other borrowings		6,330		—		—		6,273		6,273
Accrued interest payable		127		127		—		—		127