Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Measurements [Abstract]

Fair Value Of Financial Assets Measured On Recurring Basis

		(Level 1)		(Level 2)
		Quoted		Significant		(Level 3)
		Prices in Active		Other		Significant
		Markets for		Observable		Unobservable
Description	Identical Assets		Inputs		Inputs		Total
		(In Thousands)
U.S. Government agency obligations	$	-	$	30,028	$	-	$	30,028
Municipal bonds		-		59,442		-		59,442
U.S. Government Sponsored Enterprise (GSE) -
Mortgage-backed securities - commercial		-		538		-		538
U.S. Government Sponsored Enterprise (GSE) -
Mortgage-backed securities - residential		-		130,296		-		130,296
June 30, 2021 Securities available for sale	$	-	$	220,304	$	-	$	220,304
U.S. Treasury securities	$	-	$	9,998	$	-	$	9,998
U.S. Government agency obligations		-		39,036		-		39,036
Municipal bonds		-		39,376		-		39,376
U.S. Government Sponsored Enterprise (GSE) -
Mortgage-backed securities - commercial		-		543		-		543
U.S. Government Sponsored Enterprise (GSE) -
Mortgage-backed securities - residential		-		41,987		-		41,987
December 31, 2020 Securities available for sale	$	-	$	130,940	$	-	$	130,940

Fair Value Of Financial Assets Measured On Nonrecurring Basis

		(Level 1)		(Level 2)
		Quoted		Significant		(Level 3)
		Prices in Active		Other		Significant
		Markets for		Observable		Unobservable
Description	Identical Assets		Inputs		Inputs		Total
		(In Thousands)
June 30, 2021 Impaired loans	$	-	$	-	$	1,350	$	1,350
December 31, 2020 Impaired loans	$	-	$	-	$	1,361	$	1,361

Quantitative Information About Level 3 Fair Value Measurements

	Quantitative Information about Level 3 Fair Value Measurements
Description	Fair Value ‎Estimate		Valuation Techniques	Unobservable Input	Range ‎(Weighted Average)
		(Dollars In Thousands)
June 30, 2021:
Impaired loans	$	1,350	Appraisal of collateral and	Appraisal adjustments (1)	0% to -25% (-15.1%)
			pending agreement of sale	Liquidation expenses (2)	0% to -10.0% (-8.5%)
December 31, 2020:
Impaired loans	$	1,361	Appraisal of collateral and	Appraisal adjustments (1)	0% to -25% (-15.1%)
			pending agreement of sale	Liquidation expenses (2)	0% to -10.0% (-8.5%)

1.Appraisals may be adjusted by management for qualitative factors including economic conditions and the age of the appraisal. The range and weighted average of appraisal adjustments are presented as a percent of the appraisal.

2.Appraisals and pending agreements of sale are adjusted by management for liquidation expenses. The range and weighted average of liquidation expense adjustments are presented as a percent of the appraisal or pending agreement of sale.

Estimated Fair Value Of Financial Instruments

						(Level 1)
						Quoted		(Level 2)
						Prices in		Significant		(Level 3)
						Active		Other		Significant
		Carrying		Fair Value		Markets for		Observable		Unobservable
		Amount		Estimate		Identical Assets		Inputs		Inputs
	(In Thousands)
June 30, 2021:
Financial assets:
Cash and cash equivalents	$	110,151	$	110,151	$	110,151	$	-	$	-
Securities available-for-sale		220,304		220,304		-		220,304		-
Loans receivable, net of allowance		1,096,093		1,134,988		-		-		1,134,988
Paycheck Protection Program loans receivable		42,193		42,349		-		-		42,349
Restricted investments in bank stock		1,424		1,424		-		1,424		-
Accrued interest receivable		2,812		2,812		-		2,812		-
Financial liabilities:
Deposits		1,348,376		1,350,398		-		1,350,398		-
Securities sold under agreements to
repurchase and federal funds purchased		15,741		15,741		-		15,741		-
Long-term borrowings		14,651		14,690		-		-		14,690
Accrued interest payable		753		753		-		753		-
Off-balance sheet financial instruments:
Commitments to grant loans		-		-		-		-		-
Unfunded commitments under lines of credit		-		-		-		-		-
Standby letters of credit		-		-		-		-		-
December 31, 2020:
Financial assets:
Cash and cash equivalents	$	131,907	$	131,907	$	131,907	$	-	$	-
Securities available-for-sale		130,940		130,940		-		13,940		-
Loans receivable, net of allowance		1,079,339		1,158,545		-		-		1,158,545
Paycheck Protection Program loans receivable		54,334		54,632				-		54,632
Restricted investments in bank stock		1,330		1,330		-		1,330		-
Accrued interest receivable		3,136		3,136		-		3,136		-
Financial liabilities:
Deposits		1,232,379		1,235,483		-		1,235,483		-
Securities sold under agreements to
repurchase and federal funds purchased		13,612		13,612		-		13,612		-
Long-term borrowings		14,651		14,707		-		-		14,707
Paycheck Protection Program
Liquidity Facility		50,794		50,810				-		50,810
Accrued interest payable		1,640		1,640		-		1,640		-
Off-balance sheet financial instruments:
Commitments to grant loans		-		-		-		-		-
Unfunded commitments under lines of credit		-		-		-		-		-
Standby letters of credit		-		-		-		-		-