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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Measurements [Abstract]  
Carrying Amount and Estimated Fair Value by Balance Sheet Grouping

December 31, 2020

Quoted prices

Significant

Significant

in active

other

other

Carrying

Estimated

markets

observable inputs

unobservable inputs

(dollars in thousands)

amount

fair value

(Level 1)

(Level 2)

(Level 3)

Financial assets:

Cash and cash equivalents

$

69,346 

$

69,346 

$

69,346 

$

-

$

-

Available-for-sale debt securities

392,420 

392,420 

-

392,420 

-

Restricted investments in bank stock

2,813 

2,813 

-

2,813 

-

Loans and leases, net

1,105,450 

1,116,711 

-

-

1,116,711 

Loans held-for-sale

29,786 

30,858 

-

30,858 

-

Accrued interest receivable

5,712 

5,712 

-

5,712 

-

Financial liabilities:

Deposits with no stated maturities

1,381,722 

1,381,722 

-

1,381,722 

-

Time deposits

127,783 

128,200 

-

128,200 

-

FHLB advances

5,000 

5,348 

-

5,348 

-

Accrued interest payable

337 

337 

-

337 

-

December 31, 2019

Quoted prices

Significant

Significant

in active

other

other

Carrying

Estimated

markets

observable inputs

unobservable inputs

(dollars in thousands)

amount

fair value

(Level 1)

(Level 2)

(Level 3)

Financial assets:

Cash and cash equivalents

$

15,663 

$

15,663 

$

15,663 

$

-

$

-

Available-for-sale debt securities

185,117 

185,117 

-

185,117 

-

FHLB stock

4,383 

4,383 

-

4,383 

-

Loans and leases, net

743,663 

735,657 

-

-

735,657 

Loans held-for-sale

1,643 

1,660 

-

1,660 

-

Accrued interest receivable

3,281 

3,281 

-

3,281 

-

Financial liabilities:

Deposits with no stated maturities

719,526 

719,526 

-

719,526 

-

Time deposits

116,211 

115,993 

-

115,993 

-

Short-term borrowings

37,839 

37,839 

-

37,839 

-

FHLB advances

15,000 

15,430 

-

15,430 

-

Accrued interest payable

644 

644 

-

644 

-

Financial Instruments Measured at Fair Value on Recurring Basis

Quoted prices

in active

Significant other

Significant other

Total carrying value

markets

observable inputs

unobservable inputs

(dollars in thousands)

December 31, 2020

(Level 1)

(Level 2)

(Level 3)

Available-for-sale securities:

Agency - GSE

$

45,447 

$

-

$

45,447 

$

-

Obligations of states and political subdivisions

199,713 

-

199,713 

-

MBS - GSE residential

147,260 

-

147,260 

-

Total available-for-sale debt securities

$

392,420 

$

-

$

392,420 

$

-

Quoted prices

in active

Significant other

Significant other

Total carrying value

markets

observable inputs

unobservable inputs

(dollars in thousands)

December 31, 2019

(Level 1)

(Level 2)

(Level 3)

Available-for-sale securities:

Agency - GSE

$

6,159 

$

-

$

6,159 

$

-

Obligations of states and political subdivisions

54,718 

-

54,718 

-

MBS - GSE residential

124,240 

-

124,240 

-

Total available-for-sale debt securities

$

185,117 

$

-

$

185,117 

$

-

Fair Value Measurements at Fair Value Segregated by Hierarchy Fair Value Levels

Quoted prices in

Significant other

Significant other

Total carrying value

active markets

observable inputs

unobservable inputs

(dollars in thousands)

at December 31, 2020

(Level 1)

(Level 2)

(Level 3)

Impaired loans

$

2,930

$

-

$

-

$

2,930

Other real estate owned

182

-

-

182

Total

$

3,112

$

-

$

-

$

3,112

Quoted prices in

Significant other

Significant other

Total carrying value

active markets

observable inputs

unobservable inputs

(dollars in thousands)

at December 31, 2019

(Level 1)

(Level 2)

(Level 3)

Impaired loans

$

1,579

$

-

$

-

$

1,579

Other real estate owned

350

-

-

350

Other repossessed assets

20

-

-

20

Total

$

1,949

$

-

$

-

$

1,949

Schedule Of Fair Value, Off-Balance Sheet Risks

December 31,

(dollars in thousands)

2020

2019

Off-balance sheet financial instruments:

Commitments to extend credit

$

262,816

$

143,558

Standby letters of credit

3,946

7,287

Supply Commitment

More than

Less than

one year to

Over five

(dollars in thousands)

one year

five years

years

Total

Secured by:

Collateral

$

220

$

363

$

1,007

$

1,590

Bank lines of credit

799

136

-

935

Other

1,107

-

-

1,107

2,126

499

1,007

3,632

Unsecured

292

22

-

314

Total

$

2,418

$

521

$

1,007

$

3,946