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Disclosures About Fair Value of Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2019
Disclosures About Fair Value of Assets and Liabilities [Abstract]  
Assets Measured at Fair Value on Nonrecurring Basis
The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2019 and December 31, 2018 (dollars in thousands):

  
Fair Value
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
             
March 31, 2019
            
Impaired loans (collateral- dependent)
 
$
1,952
  
$
-
  
$
-
  
$
1,952
 
Foreclosed assets held for sale
 
$
110
  
$
-
  
$
-
  
$
110
 
                 
December 31, 2018
                
Impaired loans (collateral- dependent)
 
$
506
  
$
-
  
$
-
  
$
506
 
Foreclosed assets held for sale
 
$
110
  
$
-
  
$
-
  
$
110
 
Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

  
Fair Value
 
 Valuation
Technique
 Unobservable
Inputs
 
Weighted-
Average
 
March 31, 2019
   
 
 
   
Collateral-dependent impaired loans
 
$
1,952
 
Appraisals from comparable properties
Estimated cost to sell
  
3-5
%
     
 
 
    
Foreclosed assets held for sale
 
$
110
 
Appraisals from comparable properties
Estimated cost to sell
  
7-10
%
     
 
 
    
December 31, 2018
    
 
 
    
Collateral-dependent  impaired loans
 
$
506
 
Appraisals from comparable properties
Estimated cost to sell
  
7-10
%
     
 
 
    
Foreclosed assets held for sale
 
$
110
 
Appraisals from comparable properties
Estimated cost to sell
  
7-10
%
Estimated Fair Value of Financial Instruments not Recorded at Fair Value
The following tables presents estimated fair values of the Company’s financial instruments not     recorded at fair value at March 31, 2019 and December 31, 2018 (dollars in thousands):


 Carrying  
Fair Value Measurements
 
  
Amount
  
Level 1
  
Level 2
  
Level 3
  
Total
 
March 31, 2019
               
                
Financial Assets
               
Cash and due from banks
 
$
156,149
  
$
156,149
  
$
-
  
$
-
  
$
156,149
 
Interest-bearing time deposits in other banks
 
$
34,277
  
$
-
  
$
34,277
  
$
-
  
$
34,277
 
Loans, net of allowance
 
$
578,790
  
$
-
  
$
576,791
  
$
1,952
  
$
578,743
 
Mortgage loans held for sale
 
$
207
  
$
-
  
$
207
  
$
-
  
$
207
 
Nonmarketable equity securities
 
$
1,055
  
$
-
  
$
1,055
  
$
-
  
$
1,055
 
Interest receivable
 
$
4,249
  
$
-
  
$
4,249
  
$
-
  
$
4,249
 
                     
Financial Liabilities
                    
Deposits
 
$
686,676
  
$
-
  
$
686,403
  
$
-
  
$
686,403
 
Interest payable
 
$
505
  
$
-
  
$
505
  
$
-
  
$
505
 
                     
December 31, 2018
                    
                     
Financial Assets
                    
Cash and due from banks
 
$
128,090
  
$
128,090
  
$
-
  
$
-
  
$
128,090
 
Interest-bearing time deposits in other banks
 
$
31,759
  
$
-
  
$
31,758
  
$
-
  
$
31,758
 
Loans, net of allowance
 
$
592,078
  
$
-
  
$
591,893
  
$
506
  
$
592,399
 
Mortgage loans held for sale
 
$
512
  
$
-
  
$
512
  
$
-
  
$
512
 
Nonmarketable equity securities
 
$
1,055
  
$
-
  
$
1,055
  
$
-
  
$
1,055
 
Interest receivable
 
$
4,538
  
$
-
  
$
4,538
  
$
-
  
$
4,538
 
                     
Financial Liabilities
                    
Deposits
 
$
675,903
  
$
-
  
$
675,017
  
$
-
  
$
675,017
 
Interest payable
 
$
461
  
$
-
  
$
461
  
$
-
  
$
461