FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023	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	$	123,578	$	—	$	123,578	$	—
Collateralized mortgage obligations		19,123		—		19,123		—
Municipal securities		3,402		—		3,402		—
Corporate bonds		27,641		—		27,641		—
Loans held for sale		1,260		—		—		1,260
Cash surrender value of life insurance		38,619		—		38,619		—
SBA servicing assets		808		—		—		808
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		—		—		—		—

December 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:
Mortgage-backed securities	$	130,341	$	—	$	130,341	$	—
Collateralized mortgage obligations		20,157		—		20,157		—
Municipal securities		10,642		—		10,642		—
Corporate bonds		27,787		—		27,787		—
Loans held for sale		3,156		—		—		3,156
Cash surrender value of life insurance		38,404		—		38,404		—
SBA servicing assets		874		—		—		874
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		—		—		—		—

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, 2023 and December 31, 2022, are as follows:

	Fair value measurements as of March 31, 2023 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	$	158,125	$	158,125	$	—	$	—	$	158,125
Marketable securities held to maturity		476,105		—		444,304		—		444,304
Loans, net		2,344,240		—		—		2,197,175		2,197,175
Accrued interest receivable		10,443		—		10,443		—		10,443
Nonmarketable equity securities		29,211		—		29,211		—		29,211
Financial liabilities:
Deposits	$	2,623,368	$	2,150,050	$	470,651	$	—	$	2,620,701
Securities sold under repurchase agreements		13,338		—		13,338		—		13,338
Accrued interest payable		3,863		—		3,863		—		3,863
Federal Home Loan Bank advances		340,000		—		339,952		—		339,952
Subordinated debt		49,186		—		49,601		—		49,601

	Fair value measurements as of December 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	$	106,467	$	106,467	$	—	$	—	$	106,467
Marketable securities held to maturity		509,008		—		475,068		—		475,068
Loans, net		2,344,245		—		—		2,217,606		2,217,606
Accrued interest receivable		11,555		—		11,555		—		11,555
Nonmarketable equity securities		25,585		—		25,585		—		25,585
Financial liabilities:
Deposits	$	2,681,154	$	2,326,615	$	351,981	$	—	$	2,678,596
Securities sold under repurchase agreements		7,221		—		7,221		—		7,221
Accrued interest payable		2,348		—		2,348		—		2,348
Federal Home Loan Bank advances		290,000		—		289,926		—		289,926
Subordinated debt		49,153		—		50,025		—		50,025