Fair Values of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Fair Values of Assets and Liabilities [Abstract]

Assets and Liabilities Recorded at Fair Value on Recurring Basis

The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands):

	December 31, 2019
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury securities	$	—	$	—	$	—	$	—
U.S. Government agencies		21,936		—		21,936		—
State, county and municipal		98,592		10,072		88,520		—
Mortgage backed securities		48,740		1,181		47,559		—
Asset backed securities		11,604		—		11,604		—
Corporate bonds		6,097		—		6,097		—
Total investment securities available for sale		186,969		11,253		175,716		—
Total assets at fair value	$	186,969	$	11,253	$	175,716	$	—
Cash flow hedge liability	$	44		—	$	44		—
Total liabilities at fair value	$	44	$	—	$	44	$	—

	December 31, 2018
	Total		Level 1		Level 2		Level 3
Investment securities available for sale
U.S. Treasury securities	$	13,124	$	1,479	$	11,645	$	—
U.S. Government agencies		24,609		2,178		22,431		—
State, county and municipal		112,542		2,644		109,898		—
Mortgage backed securities		46,417		3,496		42,921		—
Asset backed securities		5,411		—		5,411		—
Corporate bonds		4,623		—		4,623		—
Total investment securities available for sale		206,726		9,797		196,929		—
Cash flow hedge asset		253		—		253		—
Total assets at fair value	$	206,979	$	9,797	$	197,182	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—

Assets and Liabilities Measured at Fair Value on Nonrecurring Basis

The following tables present assets measured at fair value on a nonrecurring basis for the years ended December 31, 2019 and 2018 (dollars in thousands):

	December 31, 2019
	Total		Level 1		Level 2		Level 3
Impaired loans	$	3,020	$	—	$	—	$	3,020
Loans held for sale		501		—		501		—
Bank premises and equipment held for sale		1,589		—		—		1,589
Other real estate owned		4,527		—		—		4,527
Total assets at fair value	$	9,637	$	—	$	501	$	9,136
Total liabilities at fair value	$	—	$	—	$	—	$	—

	December 31, 2018
	Total		Level 1		Level 2		Level 3
Impaired loans	$	9,343	$	—	$	—	$	9,343
Loans held for sale		146		—		146		—
Bank premises and equipment held for sale		1,252		—		—		1,252
Other real estate owned		1,099		—		—		1,099
Total assets at fair value	$	11,840	$	—	$	146	$	11,694
Total liabilities at fair value	$	—	$	—	$	—	$	—

Summary of Fair Value of Financial Instruments

These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands):

	December 31, 2019
			Estimated Fair
	Carrying Value		Value		Level 1		Level 2		Level 3
Financial assets:
Securities held to maturity	$	35,733	$	36,633	$	—	$	36,633	$	—
Loans, net of allowance		1,049,894		1,041,671		—		—		1,041,671
PCI loans, net of allowance		32,372		38,982		—		—		38,982
Financial liabilities:
Interest bearing deposits		984,864		985,853		—		985,853		—
Borrowings		72,624		72,457		—		72,457		—

	December 31, 2018
			Estimated Fair
	Carrying Value		Value		Level 1		Level 2		Level 3
Financial assets:
Securities held to maturity	$	42,108	$	42,253	$	—	$	42,253	$	—
Loans, net of allowance		984,722		978,778		—		—		978,778
PCI loans, net of allowance		38,129		42,674		—		—		42,674
Financial liabilities:
Interest bearing deposits		999,889		997,714		—		997,714		—
Borrowings		63,571		63,393		—		63,393		—