Fair Values of Financial Instruments and Interest Rate Risk (Tables)

9 Months Ended

Sep. 30, 2019

Investments All Other Investments [Abstract]

Comparison of Carrying Amounts and Estimated Fair Value of Financial Instruments

The following table reflects a comparison of carrying amounts and the estimated fair value of the financial instruments as of September 30, 2019 and December 31, 2018:

September 30, 2019
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	146,929	$	146,932	$	144,687	$	2,245	$	—
Securities available for sale		92,538		92,538		5,009		87,529		—
Securities held to maturity		10,461		10,533		—		10,533		—
Loans held for investment, net		369,475		368,367		—		—		365,780
Loans held for sale		3,240		3,240		—		3,240		—
Restricted stock		1,144		1,144		1,144		—		—
Loan servicing rights		1,701		3,168		—		3,168		—
Accrued interest receivable		1,510		1,510		—		—		1,510
FINANCIAL LIABILITIES
Deposits	$	589,253	$	561,558	$	—	$	572,813	$	—
Short-term borrowings		503		503		—		503		—
Long-term borrowings		10,360		10,871		—		—		10,871
Accrued interest payable		53		53		—		—		53

December 31, 2018
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
	(dollars in thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	117,934	$	117,901	$	115,693	$	2,208	$	—
Securities available for sale		91,299		91,299		4,955		86,344		—
Securities held to maturity		10,837		10,750		—		10,750		—
Loans held for investment, net		367,596		364,636		—		—		364,636
Loans held for sale		4,800		4,800		—		4,800		—
Restricted stock		1,094		1,094		1,094		—		—
Loan servicing rights		1,850		3,455		—		3,455
Accrued interest receivable		1,763		1,763		—		—		1,763
FINANCIAL LIABILITIES
Deposits		566,901		521,508		—		521,508		—
Short-term borrowings		1,190		1,190		—		1,190		—
Long-term debt		9,974		10,086		—		—		10,086
Accrued interest payable		16		16		—		—		16