FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 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:

September 30, 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	$	132,141	$	—	$	132,141	$	—
Collateralized mortgage obligations		17,590		—		17,590		—
Municipal securities		2,364		—		2,364		—
Corporate bonds		26,549		—		26,549		—
Loans held for sale		2,506		—		—		2,506
Cash surrender value of life insurance		42,096		—		42,096		—
SBA servicing assets		709		—		—		709
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		14,527		—		—		14,527

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 Quantitative Information About Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of December 31, 2022. There were no nonrecurring level 3 fair value measurements requiring quantitative information as of September 30, 2023.

December 31, 2022	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range (Weighted Average)
Other real estate owned	$	38	Appraisal value of collateral	Selling costs or other normal adjustments		49	%

Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value

The following table presents information on individually evaluated collateral dependent loans included in the ACL model as of September 30, 2023. There were no individually evaluated collateral dependent loans included in the ACL model as of December 31, 2022.

	Fair Value Measurements Using
September 30, 2023	Level 1		Level 2		Level 3		Total Fair Value
Commercial real estate		—		—	$	14,527	$	14,527
Total	$	—	$	—	$	14,527	$	14,527

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

	Fair value measurements as of September 30, 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	$	130,177	$	130,177	$	—	$	—	$	130,177
Marketable securities held to maturity		408,308		—		367,691		—		367,691
Loans, net		2,286,163		—		—		2,149,124		2,149,124
Accrued interest receivable		11,307		—		11,307		—		11,307
Nonmarketable equity securities		26,077		—		26,077		—		26,077
Financial liabilities:
Deposits	$	2,658,293	$	1,944,979	$	712,856	$	—	$	2,657,835
Securities sold under repurchase agreements		19,366		—		19,366		—		19,366
Accrued interest payable		5,045		—		5,045		—		5,045
Federal Home Loan Bank advances		175,000		—		174,872		—		174,872
Subordinated debt		47,752		—		48,452		—		48,452

	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