FAIR VALUES (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Summary of assets and liabilities measured at fair value

(Dollars are in thousands)	Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
September 30, 2019 Available-for-sale investments
U.S. Government Agencies	$	—	$	16,581	$	—
Taxable municipals		—		4,491		—
Corporate bonds		—		5,531		—
Mortgage backed securities		—		26,875		—
Total	$	—	$	53,478	$	—
December 31, 2018 Available-for-sale investments
U.S. Government Agencies	$	—	$	19,389	$	—
Taxable municipals		—		4,313		—
Corporate bonds		—		5,320		—
Mortgage backed securities		—		30,385		—
Total	$	—	$	59,407	$	—

(Dollars are in thousands)	Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
September 30, 2019
Other real estate owned		—		—	$	4,339
Impaired loans		—		—		5,284
Total		—		—	$	9,623
December 31, 2018
Other real estate owned		—		—	$	5,937
Impaired loans		—		—		7,658
Total		—		—	$	13,595

Schedule of significant unobservable inputs in fair value measurements

For Level 3 assets measured at fair value on a recurring or non-recurring basis as of September 30, 2019, the significant unobservable inputs used in the fair value measurements were as follows:             

(Dollars in thousands)		Fair Value at September 30, 2019		Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Impaired Loans	$	5,284	$	Appraised Value/Discounted Cash Flows/Market Value of Note	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0 – 18%
Other Real Estate Owned	$	4,339	$	Appraised Value/Comparable Sales/Other Estimates from Independent Sources	Discounts to reflect current market conditions and estimated costs to sell	0 – 18%

Schedule for estimated fair value of financial instruments

The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis are as follows:

					Fair Value Measurements
(Dollars are in thousands)	Carrying Amount		Fair Value		Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
September 30, 2019
Financial Instruments – Assets
Net Loans	$	558,174	$	545,837	$	—	$	540,553	$	5,284
Financial Instruments – Liabilities
Time Deposits		256,550		255,911		—		260,922		—
FHLB Advances		5,000		5,060		—		5,060		—
Trust Preferred Securities		16,496		13,586		—		13,586		—
December 31, 2018
Financial Instruments – Assets
Net Loans	$	541,760	$	534,425	$	—	$	526,767	$	7,658
Financial Instruments– Liabilities
Time Deposits		258,850		258,671		—		258,671		—
FHLB Advances		7,000		7,215		—		7,215		—
Trust Preferred Securities		16,496		14,425		—		14,425		—