FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 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:

June 30, 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:
Mortgage-backed securities	$	129,184	$	—	$	129,184	$	—
Collateralized mortgage obligations		23,889		—		23,889		—
Municipal securities		9,448		—		9,448		—
Corporate bonds		33,574		—		33,574		—
Loans held for sale		2,770		—		—		2,770
Cash surrender value of life insurance		37,979		—		37,979		—
SBA servicing assets		1,025		—		—		1,025
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		1,148		—		—		1,148

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			—
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 June 30, 2022 and December 31, 2021:

	Fair Value Measurements Using
June 30, 2022	Level 1		Level 2		Level 3		Total Fair Value
Commercial and industrial	$	—	$	—	$	472	$	472
Real estate:
Construction and development		—		—		—		—
Commercial real estate		—		—		676		676
Total	$	—	$	—	$	1,148	$	1,148

	Fair Value Measurements Using
December 31, 2021	Level 1		Level 2		Level 3		Total Fair Value
Commercial and industrial	$	—	$	—	$	76	$	76
Real estate:
Construction and development		—		—		402		402
Commercial real estate		—		—		3,766		3,766
Total	$	—	$	—	$	4,244	$	4,244

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 June 30, 2022 and December 31, 2021, are as follows:

	Fair value measurements as of June 30, 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	$	71,023	$	71,023	$	—	$	—	$	71,023
Marketable securities held to maturity		713,390		—		682,497		—		682,497
Loans, net		2,107,658		—		—		2,056,757		2,056,757
Accrued interest receivable		10,144		—		10,144		—		10,144
Nonmarketable equity securities		17,753		—		17,753		—		17,753
Financial liabilities:
Deposits	$	2,779,621	$	2,452,997	$	326,237	$	—	$	2,779,234
Securities sold under repurchase agreements		7,871		—		7,871		—		7,871
Accrued interest payable		1,008		—		1,008		—		1,008
Federal Home Loan Bank advances		131,500		—		131,450		—		131,450
Subordinated debt		51,053		—		49,306		—		49,306

	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