FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Financial Assets (Liabilities) Measured at Fair Value

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

2019	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	$	84,182		$	—	$	84,182		$	—
Collateralized mortgage obligations		90,927			—		90,927			—
Municipal securities		17,348			—		17,348			—
Corporate bonds		20,259			—		20,259			—
Loans held for sale		2,368			—		—			2,368
Cash surrender value of life insurance		34,495			—		34,495			—
SBA servicing assets		672			—		—			672
Derivative instrument assets		526			—		526			—
Derivative instrument liabilities		(526	)		—		(526	)		—
Assets at fair value on a nonrecurring basis:
Impaired loans		20,028			—		—			20,028

Schedule of Foreclosed Assets Measured at Fair Value

The following table presents foreclosed assets that were remeasured and recorded at fair value as of December 31:

	2020			2019			2018
Other real estate owned remeasured at initial recognition:
Carrying value of other real estate owned prior to remeasurement	$	42		$	147		$	542
Charge-offs recognized in the allowance for credit losses		(9	)		(11	)		(25	)
Fair value of other real estate owned remeasured at initial recognition	$	33		$	136		$	517
Other real estate owned remeasured subsequent to initial recognition:
Carrying value of other real estate owned prior to remeasurement	$	62		$	35		$	599
Write-downs included in collection and other real estate owned expense		(1	)		(10	)		(56	)
Fair value of other real estate owned remeasured subsequent to initial recognition	$	61		$	25		$	543

Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements

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

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%)

December 31, 2019	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range (Weighted Average)
Impaired loans	$	20,028	Fair value of collateral - sales comparison approach	Selling costs or other normal adjustments: Real estate Equipment	10%-20% (16%) 10%-20% (12%)
Other real estate owned	$	603	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 December 31, 2020:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Total Fair Value
Commercial and industrial	$	—	$	—	$	85	$	85
Real estate:
Construction and development		—		—		401		401
Commercial real estate		—		—		7,941		7,941
Total	$	—	$	—	$	8,427	$	8,427

The following table presents information on individually evaluated collateral dependent loans as of December 31, 2019:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Total Fair Value
Real estate:	$	—	$	—	$	53	$	53
Farmland
Commercial real estate		—		—		1,198		1,198
Total	$	—	$	—	$	1,251	$	1,251

Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of financial instruments, not previously in this note, at December 31, 2020 and 2019 are as follows:

	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	$	351,791	$	351,791	$	—	$	—	$	351,791
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

	Fair value measurements as of December 31, 2019 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	$	90,714	$	90,714	$	—	$	—	$	90,714
Marketable securities held to maturity		155,458		—		160,460		—		160,460
Loans, net		1,690,794		—		—		1,705,155		1,705,155
Accrued interest receivable		9,151		—		9,151		—		9,151
Nonmarketable equity securities		12,301		—		12,301		—		12,301
Financial liabilities:
Deposits	$	1,956,804	$	1,438,509	$	520,469	$	—	$	1,958,978
Securities sold under repurchase agreements		11,100		—		11,100		—		11,100
Accrued interest payable		1,642		—		1,642		—		1,642
Federal Home Loan Bank advances		55,118		—		55,125		—		55,125
Subordinated debentures		10,810		—		8,677		—		8,677