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Fair Values of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2022
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, 2022 and December 31, 2021 are as follows:

 

(Dollars in thousands)

 

Carrying

Value

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Fair Value

 

September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

$

252,362

 

 

$

11,531

 

 

$

203,190

 

 

$

 

 

$

214,721

 

Loans held for sale

 

 

200

 

 

 

205

 

 

 

 

 

 

 

 

 

205

 

Net loans

 

 

602,963

 

 

 

 

 

 

 

 

 

592,704

 

 

 

592,704

 

Mortgage servicing rights

 

 

636

 

 

 

 

 

 

 

 

 

636

 

 

 

636

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

1,029,274

 

 

$

912,971

 

 

$

 

 

$

112,680

 

 

$

1,025,651

 

Other borrowings

 

 

2,528

 

 

 

 

 

 

 

 

 

2,393

 

 

 

2,393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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