Fair value (Tables)

6 Months Ended

Jun. 30, 2023

Fair value

Schedule of recurring and Non recurring basis

Assets and liabilities measured at fair value under Topic 820 on a recurring and non-recurring basis are summarized below for the indicated dates (in thousands):

	Fair Value Measurement
	at June 30, 2023 Using
			Quoted Prices
			in Active		Other		Significant
			Markets for		Observable		Unobservable
	Carrying		Identical Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets - Recurring
U.S. Government Agencies	$	61,490	$	—	$	61,490	$	—
Mortgage-backed securities		57,876		—		57,876		—
Municipals		1,667		—		1,667		—
Subordinated debt		11,202		—		9,154		2,048
Loans held for sale		6,887		—		6,887		—
IRLC		205		—		205		—
Financial Liabilities - Recurring
Forward sales commitment		370		—		370		—

	Fair Value Measurement
	at December 31, 2022 Using
			Quoted Prices
			in Active		Other		Significant
			Markets for		Observable		Unobservable
	Carrying		Identical Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets - Recurring
U.S. Government Agencies	$	60,902	$	—	$	60,902	$	—
Mortgage-backed securities		60,560		—		60,560		—
Municipals		1,550				1,550
Subordinated debt		10,841		—		8,841		2,000
Loans held for sale		2,268		—		2,268		—
IRLC		142		—		142		—
Financial Liabilities - Recurring
Forward sales commitment		207		—		207		—

Schedule of company's financial instruments whether or not recognized

		June 30,				December 31,
		2023				2022
	Level in Fair
	Value	Carrying		Estimated		Carrying		Estimated
	Hierarchy	Value		Fair Value		Value		Fair Value
Financial assets
Cash	Level 1	$	12,881	$	12,881	$	12,062	$	12,062
Cash equivalents	Level 2		13,101		13,101		4,616		4,616
Investment securities available for sale	Level 2		130,187		130,187		131,853		131,853
Investment securities available for sale	Level 3		2,048		2,048		2,000		2,000
Federal Home Loan Bank stock	Level 2		2,265		2,265		1,223		1,223
Loans held for sale	Level 2		6,887		6,887		2,268		2,268
Loans	Level 3		556,170		524,518		538,427		521,150
Bank owned life insurance	Level 2		12,947		12,947		12,798		12,798
Accrued interest receivable	Level 2		3,482		3,482		3,651		3,651
Interest rate lock commitments	Level 2		205		205		142		142
Financial liabilities
Deposits	Level 2		628,382		627,547		624,743		625,037
FHLB borrowings	Level 2		45,000		44,799		20,000		20,000
Trust preferred securities	Level 2		8,764		9,059		8,764		7,066
Other borrowings	Level 2		5,700		5,700		5,692		5,692
Accrued interest payable	Level 2		270		270		70		70
Forward sales commitment	Level 2		370		370		207		207