Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019 (dollars in thousands):

	Fair Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2020
Impaired loans (collateral- dependent)	$	4,654	$	-	$	-	$	4,654
December 31, 2019
Impaired loans (collateral- dependent)	$	1,783	$	-	$	-	$	1,783

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
June 30, 2020
Collateral-dependent impaired loans	$	4,654	Appraisals from comparable properties	Estimated cost to sell		3-5	%
December 31, 2019
Collateral-dependent impaired loans	$	1,783	Appraisals from comparable properties	Estimated cost to sell		3-5	%

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 June 30, 2020 and December 31, 2019 (dollars in thousands):

	Carrying Amount		Level 1		Fair Value Measurements				Total
					Level 2		Level 3
June 30, 2020
Financial Assets
Cash and due from banks	$	127,780	$	127,780	$	-	$	-	$	127,780
Interest-bearing time deposits in other banks	$	27,865	$	-	$	27,865	$	-	$	27,865
Loans, net of allowance	$	828,065	$	-	$	823,896	$	4,654	$	828,550
Mortgage loans held for sale	$	500	$	-	$	500	$	-	$	500
Nonmarketable equity securities	$	1,095	$	-	$	1,095	$	-	$	1,095
Interest receivable	$	5,267	$	-	$	5,267	$	-	$	5,267
Financial Liabilities
Deposits	$	894,231	$	-	$	892,882	$	-	$	892,882
Interest payable	$	423	$	-	$	423	$	-	$	423
December 31, 2019
Financial Assets
Cash and due from banks	$	117,128	$	117,128	$	-	$	-	$	117,128
Interest-bearing time deposits in other banks	$	30,147	$	-	$	30,147	$	-	$	30,147
Loans, net of allowance	$	699,458	$	-	$	698,672	$	1,809	$	700,481
Mortgage loans held for sale	$	1,031	$	-	$	1,031	$	-	$	1,031
Nonmarketable equity securities	$	1,100	$	-	$	1,100	$	-	$	1,100
Interest receivable	$	3,954	$	-	$	3,954	$	-	$	3,954
Financial Liabilities
Deposits	$	757,483	$	-	$	757,520	$	-	$	757,520
Interest payable	$	636	$	-	$	636	$	-	$	636