FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Assets (Liabilities) Measured at Fair Value

The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value:

As of September 30, 2021	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Assets (liabilities) at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	159,142		$	—	$	159,142		$	—
Collateralized mortgage obligations		64,623			—		64,623			—
Corporate bonds		35,246			—		35,246			—
U.S. government agencies		10,059			—		10,059			—
Loans held for sale		1,903			—		—			1,903
Cash surrender value of life insurance		36,582			—		36,582			—
SBA servicing assets		808			—		—			808
Derivative instrument liabilities		(151	)		—		(151	)		—
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		4,418			—		—			4,418

As of December 31, 2020	Fair Value			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Other Unobservable Inputs (Level 3)
Assets (liabilities) at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	107,164		$	—	$	107,164		$	—
Collateralized mortgage obligations		66,945			—		66,945			—
Municipal securities		175,704			—		175,704			—
Corporate bonds		30,982			—		30,982			—
Loans held for sale		5,542			—		—			5,542
Cash surrender value of life insurance		35,510			—		35,510			—
SBA servicing assets		763			—		—			763
Derivative instrument assets		629			—		629			—
Derivative instrument liabilities		(1,151	)		—		(1,151	)		—
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		8,427			—		—			8,427

Schedule of Foreclosed Assets Measured at Fair Value

The following table presents foreclosed assets that were remeasured and recorded at fair value as of:

	September 30, 2021		December 31, 2020			September 30, 2020
Other real estate owned remeasured at initial recognition:
Carrying value of other real estate owned prior to remeasurement	$	—	$	42		$	—
Charge-offs recognized in the allowance for credit losses		—		(9	)		—
Fair value of other real estate owned remeasured at initial recognition	$	—	$	33		$	—
Other real estate owned remeasured subsequent to initial recognition:
Carrying value of other real estate owned prior to remeasurement	$	—	$	62		$	62
Write-downs included in collection and other real estate owned expense		—		(1	)		(1	)
Fair value of other real estate owned remeasured subsequent to initial recognition	$	—	$	61		$	61

Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of:

September 30, 2021	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range (Weighted Average)
Other real estate owned	$	40	Appraisal value of collateral	Selling costs or other normal adjustments	10%-20% (16%)

December 31, 2020	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range (Weighted Average)
Other real estate owned	$	404	Appraisal value of collateral	Selling costs or other normal adjustments	10%-20% (16%)

Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value

The following table presents information on individually evaluated collateral dependent loans as of September 30, 2021:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Total Fair Value
Commercial and industrial	$	—	$	—	$	79	$	79
Real estate:
Construction and development		—		—		402		402
Commercial real estate		—		—		3,937		3,937
Total	$	—	$	—	$	4,418	$	4,418

Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of September 30, 2021 and December 31, 2020, are as follows:

	Fair value measurements as of September 30, 2021 using:
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$	408,875	$	408,875	$	—	$	—	$	408,875
Marketable securities held to maturity		173,676		—		182,631		—		182,631
Loans, net		1,938,268		—		—		1,949,191		1,949,191
Accrued interest receivable		7,673		—		7,673		—		7,673
Nonmarketable equity securities		14,061		—		14,061		—		14,061
Financial liabilities:
Deposits	$	2,563,071	$	2,221,716	$	342,153	$	—	$	2,563,869
Securities sold under repurchase agreements		11,195		—		11,195		—		11,195
Accrued interest payable		555		—		555		—		555
Federal Home Loan Bank advances		47,500		—		47,653		—		47,653
Subordinated debentures		19,810		—		17,813		—		17,813

	Fair value measurements as of December 31, 2020 using:
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$	351,792	$	351,792	$	—	$	—	$	351,792
Loans, net		1,831,737		—		—		1,846,868		1,846,868
Accrued interest receivable		9,834		—		9,834		—		9,834
Nonmarketable equity securities		14,095		—		14,095		—		14,095
Financial liabilities:
Deposits	$	2,286,390	$	1,907,587	$	380,570	$	—	$	2,288,157
Securities sold under repurchase agreements		15,631		—		15,631		—		15,631
Accrued interest payable		804		—		804		—		804
Federal Home Loan Bank advances		109,101		—		109,381		—		109,381
Subordinated debentures		19,810		—		17,406		—		17,406