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Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Investments All Other Investments [Abstract]  
Schedule of Estimated Fair Values of Recognized Financial Instruments

The fair values of recognized financial instruments as of March 31, 2022 and December 31, 2021 are as follows:

 

(Dollars in thousands)

 

Carrying

Value

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Fair Value

 

March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

$

246,301

 

 

$

12,116

 

 

$

220,559

 

 

$

 

 

$

232,675

 

Loans held for sale

 

 

431

 

 

 

444

 

 

 

 

 

 

 

 

 

444

 

Net loans

 

 

560,070

 

 

 

 

 

 

 

 

 

564,887

 

 

 

564,887

 

Mortgage servicing rights

 

 

618

 

 

 

 

 

 

 

 

 

618

 

 

 

618

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

994,939

 

 

$

876,951

 

 

$

 

 

$

117,419

 

 

$

994,370

 

Other borrowings

 

 

3,325

 

 

 

 

 

 

 

 

 

3,265

 

 

 

3,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

 

174,808

 

 

 

12,693

 

 

 

161,835

 

 

 

 

 

 

174,528

 

Loans held for sale

 

 

231

 

 

 

238

 

 

 

 

 

 

 

 

 

238

 

Net loans

 

 

541,536

 

 

 

 

 

 

 

 

 

548,317

 

 

 

548,317

 

Mortgage servicing rights

 

 

604

 

 

 

 

 

 

 

 

 

604

 

 

 

604

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

1,002,747

 

 

$

881,372

 

 

$

 

 

$

121,005

 

 

$

1,002,377

 

Other borrowings

 

 

3,407

 

 

 

 

 

 

 

 

 

3,431

 

 

 

3,431