Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The fair values of recognized financial instruments as of September 30, 2021 and December 31, 2020 are as follows:

(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Fair Value
September 30, 2021
Financial assets
Cash and cash equivalents	$	283,621	$	283,621	$	—	$	—	$	283,621
Securities held-to-maturity		51,317		—		51,013		—		51,013
Restricted stock		4,614	N/A		N/A		N/A		N/A
Loans held for sale		862		862		—		—		862
Net loans		538,450		—		—		543,274		543,274
Bank-owned life insurance		23,873		23,873		—		—		23,873
Accrued interest receivable		1,768		1,768		—		—		1,768
Mortgage servicing rights		584		—		—		584		584
Financial liabilities
Deposits	$	968,629	$	844,036	$	—	$	124,928	$	968,964
Short-term borrowings		38,130		38,130		—		—		38,130
Other borrowings		3,489		—		—		3,550		3,550
Accrued interest payable		59		59		—		—		59
December 31, 2020
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