FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2022

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:

March 31, 2022	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 at fair value on a recurring basis:
Available for sale securities:
Treasury securities	$	—	$	—	$	—	$	—
Mortgage-backed securities		197,892		—		197,892		—
Collateralized mortgage obligations		65,035		—		65,035		—
Municipal securities		—		—		—		—
Corporate bonds		34,496		—		34,496		—
U.S. government agencies		9,281		—		9,281		—
Loans held for sale		1,166		—		—		1,166
Cash surrender value of life insurance		37,352		—		37,352		—
SBA servicing assets		1,004		—		—		1,004
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		4,217		—		—		4,217

December 31, 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 at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	221,308		$	—	$	221,308		$	—
Collateralized mortgage obligations		74,992			—		74,992			—
Municipal securities		—			—		—			—
Corporate bonds		35,935			—		35,935			—
U.S. government agencies		9,971			—		9,971			—
Loans held for sale		4,129			—		—			4,129
Cash surrender value of life insurance		37,141			—		37,141			—
SBA servicing assets		877			—		—			877
Derivative instrument assets		(196	)		—		(196	)		—
Derivative instrument liabilities		8			—		8			—
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		4,244			—		—			4,244

Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value

The following table presents information on individually evaluated collateral dependent loans as of March 31, 2022:

	Fair Value Measurements Using
March 31, 2022	Level 1		Level 2		Level 3		Total Fair Value
Commercial and industrial	$	—	$	—	$	475	$	475
Real estate:
Construction and development		—		—		—		—
Commercial real estate		—		—		3,742		3,742
Total	$	—	$	—	$	4,217	$	4,217

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 March 31, 2022 and December 31, 2021, are as follows:

	Fair value measurements as of March 31, 2022 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	$	222,091	$	222,091	$	—	$	—	$	222,091
Marketable securities held to maturity		494,289		—		490,523		—		490,523
Loans, net		1,983,449		—		—		1,951,997		1,951,997
Accrued interest receivable		8,961		—		8,961		—		8,961
Nonmarketable equity securities		12,513		—		12,513		—		12,513
Financial liabilities:
Deposits	$	2,797,410	$	2,473,118	$	324,626	$	—	$	2,797,744
Securities sold under repurchase agreements		11,090		—		11,090		—		11,090
Accrued interest payable		591		—		591		—		591
Federal Home Loan Bank advances		7,500		—		7,494		—		7,494
Subordinated debt		54,146		—		52,190		—		52,190

	Fair value measurements as of December 31, 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	$	499,605	$	499,605	$	—	$	—	$	499,605
Marketable securities held to maturity		184,263		—		192,472		—		192,472
Loans, net		1,876,076		—		—		1,883,756		1,883,756
Accrued interest receivable		8,901		—		8,901		—		8,901
Nonmarketable equity securities		15,344		—		15,344		—		15,344
Financial liabilities:
Deposits	$	2,670,827	$	2,341,048	$	330,356	$	—	$	2,671,404
Securities sold under repurchase agreements		14,151		—		14,151		—		14,151
Accrued interest payable		481		—		481		—		481
Federal Home Loan Bank advances		47,500		—		47,501		—		47,501
Subordinated debt		19,810		—		17,833		—		17,833