Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021 and December 31, 2020 (dollars in thousands):

	Fair Value		(Level 1)		(Level 2)		(Level 3)
June 30, 2021
Impaired loans (collateral- dependent)	$	7,660	$	-	$	-	$	7,660
December 31, 2020
Impaired loans (collateral- dependent)	$	11,358	$	-	$	-	$	11,358

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, 2021
Collateral-dependent impaired loans	$	7,660	Appraisals from comparable properties	Estimated cost to sell		5-10	%
December 31, 2020
Collateral-dependent impaired loans	$	11,358	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, 2021 and December 31, 2020 (dollars in thousands):

			Fair Value Measurements
	Carrying Amount		Level 1		Level 2		Level 3		Total
June 30, 2021
Financial Assets
Cash and due from banks	$	187,732	$	187,732	$	-	$	-	$	187,732
Interest-bearing time deposits in other banks		5,478		-		5,478		-		5,478
Loans, net of allowance		919,687		-		911,153		7,660		918,813
Mortgage loans held for sale		1,334		-		1,334		-		1,334
Nonmarketable equity securities		1,187		-		1,187		-		1,187
Interest receivable		3,609		-		3,609		-		3,609
Financial Liabilities
Deposits	$	1,008,549	$	-	$	1,007,905	$	-	$	1,007,905
Interest payable		188		-		188		-		188
December 31, 2020
Financial Assets
Cash and due from banks	$	153,901	$	153,901	$	-	$	-	$	153,901
Interest-bearing time deposits in other banks		16,412		-		16,412		-		16,412
Loans, net of allowance		826,974		-		815,223		11,358		826,581
Mortgage loans held for sale		324		-		324		-		324
Nonmarketable equity securities		1,172		-		1,172		-		1,172
Interest receivable		4,365		-		4,365		-		4,365
Financial Liabilities
Deposits	$	905,514	$	-	$	904,928	$	-	$	904,928
Interest payable		286		-		286		-		286