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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Information about Level in Fair Value Hierarchy for Financial Instruments
The following tables present information about the level in the fair value hierarchy for the Company’s financial assets and liabilities, whether or not recognized or recorded at fair value as of June 30, 2020 and December 31, 2019 (in thousands):
 June 30, 2020Fair Value Measurements Using:
 Carrying
Value		Estimated
Fair Value		Level 1Level 2Level 3
FINANCIAL ASSETS:     
Cash and cash equivalents$130,537  $130,537  $130,537  $—  $—  
Available-for-sale securities10,198  10,198  —  10,198  —  
Loans held-for-sale7,364  7,364  —  7,364  —  
   Loans held-for-portfolio, net684,672  696,385  —  —  696,385  
Mortgage servicing rights3,113  3,113  —  —  3,113  
FHLB stock1,164  1,164  —  1,164  —  
FINANCIAL LIABILITIES:
Non-maturity deposits455,480  455,480  —  455,480  —  
Time deposits
238,842  243,721  —  243,721  —  
FHLB and other Borrowings79,841  79,841  —  79,841  —  

 December 31, 2019Fair Value Measurements Using:
 Carrying
Value		Estimated
Fair Value		Level 1Level 2Level 3
FINANCIAL ASSETS:     
Cash and cash equivalents$55,770  $55,770  $55,770  $—  $—  
Available-for-sale securities9,306  9,306  —  9,306  —  
Loans held-for-sale1,063  1,063  —  1,063  —  
Loans held-for-portfolio, net
614,247  622,147  —  —  622,147  
Mortgage servicing rights3,239  3,239  —  —  3,239  
FHLB stock1,160  1,160  —  1,160  —  
FINANCIAL LIABILITIES:
Non-maturity deposits365,331  365,331  —  365,331  —  
Time deposits
251,387  255,261  —  255,261  —  
FHLB Borrowings7,500  7,500  —  7,500  —  
Schedule of Fair Value Measured on Recurring Basis
The following tables present the balance of assets measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 (in thousands):
 Fair Value at June 30, 2020
DescriptionTotalLevel 1Level 2Level 3
Municipal bonds$4,363  $—  $4,363  $—  
Agency mortgage-backed securities5,835  —  5,835  —  
Mortgage servicing rights3,113  —  —  3,113  
 Fair Value at December 31, 2019
DescriptionTotalLevel 1Level 2Level 3
Municipal bonds$3,370  $—  $3,370  $—  
Agency mortgage-backed securities5,936  —  5,936  —  
Mortgage servicing rights3,239  —  —  3,239  
Quantitative Information
The following tables provide a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at June 30, 2020 and December 31, 2019:
June 30, 2020
Financial InstrumentValuation TechniqueUnobservable Input(s)Range
(Weighted-Average)
Mortgage Servicing RightsDiscounted cash flowPrepayment speed assumption
152%-238% (216%)
Discount rate
10%-12% (10.1%)
December 31, 2019
Financial InstrumentValuation TechniqueUnobservable Input(s)Range
(Weighted-Average)
Mortgage Servicing RightsDiscounted cash flowPrepayment speed assumption
132%-485% (187%)
Discount rate
12.5%-13.5% (12.5%)
The following tables provide a description of the valuation technique, observable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a nonrecurring basis at June 30, 2020 and December 31, 2019:
June 30, 2020
Financial
Instrument		 Valuation Technique(s) Unobservable Input(s) Range (Weighted Average)
OREO Market approach Adjustment for differences
between comparable sales		 
0-0% (0%)
Impaired loans Market approach Adjustment for differences
between comparable sales		 
0-100% (8%)
December 31, 2019
Financial
Instrument		 Valuation Technique(s) Unobservable Input(s) Range
(Weighted Average)
OREO Market approach Adjusted for difference
between comparable sales		 
0-0% (0%)
Impaired loans Market approach Adjusted for difference
between comparable sales		 
0-100% (6%)
Schedule of Fair Value Measured on Nonrecurring Basis
The following tables present the balance of assets measured at fair value on a nonrecurring basis at the dates indicated (in thousands):
 Fair Value at June 30, 2020
 TotalLevel 1Level 2Level 3
OREO and repossessed assets$575  $—  $—  $575  
Impaired loans9,079  —  —  9,079  
 Fair Value at December 31, 2019
 TotalLevel 1Level 2Level 3
OREO and repossessed assets$575  $—  $—  $575  
Impaired loans12,393  —  —  12,393