Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Investments All Other Investments [Abstract]

Summary of Carrying Values and Fair Values of Financial Instruments

The fair value of the debentures payable to the SBA is estimated based on current market interest rates for similar debt.

	December 31, 2019				December 31, 2018
(Dollars in  thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets
Cash and federal funds sold (1)	$	67,821	$	67,821	$	57,713	$	57,713
Equity investments		10,079		10,079		9,197		9,197
Investment securities		48,998		48,998		45,324		45,324
Loans receivable		1,114,762		1,114,762		981,487		981,487
Accrued interest receivable (2)		8,662		8,662		7,413		7,413
Financial liabilities
Funds borrowed (3)		1,169,593		1,171,274		1,062,028		1,062,297
Accrued interest payable (2)		4,398		4,398		3,852		3,852

(1) Categorized as level 1 within the fair value hierarchy. See Note 20.

(2) Categorized as level 3 within the fair value hierarchy. See Note 20.

(3) As of December 31, 2019 and 2018, publicly traded unsecured notes traded at a premium to par of $1,681 and $269.