Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments carried at amortized cost as of December 31 were as follows:

	2020
		Carrying								Total Fair
(Dollars in thousands)		Value		Level I		Level II		Level III		Value
Financial assets
Cash and cash equivalents	$		181,652	$	181,652	$	—	$	—	$	181,652
Securities held-to-maturity			9,045		—		9,225		—		9,225
Restricted stock			4,614	N/A		N/A		N/A		N/A
Loans held for sale			1,378		1,378		—		—		1,378
Net loans			600,885		—		—		598,583		598,583
Bank-owned life insurance			21,416		21,416		—		—		21,416
Accrued interest receivable			2,159		2,159		—		—		2,159
Mortgage servicing rights			488		—		—		488		488
Financial liabilities
Deposits	$		891,562	$	768,230	$	—	$	124,127	$	892,357
Short-term borrowings			37,215		37,215		—		—		37,215
Other borrowings			4,664		—		—		4,775		4,775
Accrued interest payable			90		90		—		—		90
	2019
		Carrying								Total Fair
(Dollars in thousands)		Value		Level I		Level II		Level III		Value
Financial assets
Cash and cash equivalents	$		102,017	$	102,017	$	—	$	—	$	102,017
Securities held-to-maturity			13,869		—		13,950		—		13,950
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