Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Measurements [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2020
Securities available for sale:
U.S. Government agencies	$	9,789	$	—	$	9,789	$	—
Mortgage-backed		76,231		—		76,231		—
		86,020		—		86,020		—
Equity		1,388		—		1,388		—
Total	$	87,408	$	—	$	87,408	$	—

					Significant
					Other		Significant
			Quoted		Observable		Unobservable
			Prices		Inputs		Inputs
(Dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2019
Securities available for sale:
U.S. Government agencies	$	23,826	$	—	$	23,826	$	—
Mortgage-backed		98,965		—		98,965		—
		122,791		—		122,791		—
Equity		1,342		—		1,342		—
Total	$	124,133	$	—	$	124,133	$	—

Fair Value of Assets Measured on Nonrecurring Basis

	Quantitative Information about Level 3 Fair Value Measurements
								Weighted
(Dollars in thousands)	Fair Value		Valuation Technique		Unobservable Input		Range	Average (3)
June 30, 2020
Nonrecurring measurements:
Impaired loans	$	1,877	Appraisal of collateral	(1)	Liquidation expense	(2)	10%	(10%)
Impaired loans	$	2,549	Discounted cash flow analysis	(1)	Discount rate		4% - 7.25%	(6%)
Other real estate owned	$	38	Appraisal of collateral	(1)	Appraisal adjustments	(2)	0% - 19%	(19%)

	Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)	Fair Value		Valuation Technique		Unobservable Input		Range
December 31, 2019
Nonrecurring measurements:
Impaired loans	$	2,489	Appraisal of collateral	(1)	Liquidation expense	(2)	10%
Impaired loans	$	2,599	Discounted cash flow analysis	(1)	Discount rate		4% - 7.25%
Other real estate owned	$	74	Appraisal of collateral	(1)	Appraisal adjustments	(2)	0% - 31%
					Liquidation expense	(2)	10%

(1)Fair value is generally determined through independent appraisals of the underlying collateral (impaired loans and OREO) or discounted cash flow analyses (impaired loans), which generally include various level III inputs which are not identifiable.

(2)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

(3)Unobservable inputs were weighted by the relative fair value of the instruments.

Schedule of Estimated Fair Values of Financial Assets and Liabilities

	June 30, 2020				December 31, 2019
			Estimated				Estimated
	Carrying		Fair		Carrying		Fair
(Dollars in thousands)	Amount		Value		Amount		Value
Financial assets
Level 1 inputs
Cash and cash equivalents	$	126,284	$	126,284	$	94,971	$	94,971
Level 2 inputs
Investment securities held to maturity	$	11,710	$	11,715	$	8,786	$	8,654
Restricted securities		3,626		3,626		4,190		4,190
Cash surrender value on life insurance		30,430		30,430		29,782		29,782
Level 3 inputs
Loans, net	$	1,396,159	$	1,394,326	$	1,238,147	$	1,242,867
Financial liabilities
Level 2 inputs
Deposits:
Noninterest-bearing demand	$	442,996	$	442,996	$	356,618	$	356,618
Checking plus interest		344,940		344,940		302,227		302,227
Money market		274,783		274,783		262,050		262,050
Savings		163,320		163,320		143,322		143,322
Club		1,155		1,155		387		387
Certificates of deposit, $100,000 or more		129,467		132,577		127,600		128,167
Other time		148,067		152,358		149,130		149,209
Short-term borrowings		1,064		1,064		1,226		1,226
Long-term borrowings		—		—		15,000		15,040