Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table provides fair value information for assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019:

	March 31, 2020
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
U.S. Treasury	$	5,045	$	5,045	$	—	$	—
U.S. Government agencies		29,543		—		29,543		—
GSE - Mortgage-backed securities and CMO’s		36,620		—		36,620		—
State and political subdivisions		28,247		—		28,247		—
Corporate bonds		8,749		—		8,749		—
Total assets at fair value	$	108,204	$	5,045	$	103,159	$	—

	December 31, 2019
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
U.S. Treasury	$	5,012	$	5,012	$	—	$	—
U.S. Government agencies		25,686		—		25,686		—
GSE - Mortgage-backed securities and CMO’s		38,576		—		38,576		—
State and political subdivisions		14,221		—		14,221		—
Corporate bonds		5,029		—		5,029		—
Total assets at fair value	$	88,524	$	5,012	$	83,512	$	—

Assets Measured at Fair Value on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2020 and December 31, 2019:

	March 31, 2020
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	6,185	$	—	$	—	$	6,185
Other real estate owned		359		—		—		359
Total assets at fair value	$	6,544	$	—	$	—	$	6,544

	December 31, 2019
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	3,771	$	—	$	—	$	3,771
Other real estate owned		364		—		—		364
Total assets at fair value	$	4,135	$	—	$	—	$	4,135

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

March 31, 2020
	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 25%
	Discounted cash flows	Discount Rate	4%-8.75%
OREO	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 10%

December 31, 2019
	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 25%
	Discounted cash flows	Discount rates	4%-8.75%
OREO	Discounted appraisals	Collateral discounts and    Estimated costs to sell	0 – 10%