Disclosures about Fair Value of Assets and Liabilities (Tables)

12 Months Ended

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

	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2021
Impaired loans (collateral- dependent)	$	6,910	$	-	$	-	$	6,910
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
December 31, 2021
Collateral-dependent impaired loans	$	6,910	Appraisals from comparable properties	Estimated cost to sell		20	%
December 31, 2020
Collateral-dependent impaired loans	$	11,358	Appraisals from comparable properties	Estimated cost to sell		3-5	%

Estimated Fair Values of Financial Instruments Reported at Amortized Cost Segregated by Level of Valuation Inputs

The estimated fair values of the Company's financial instruments that are reported at amortized cost in the Company's consolidated balance sheets, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value, are as follows:

	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3		Total
December 31, 2021
Financial Assets
Cash and due from banks	$	195,359	$	195,359	$	-	$	-	$	195,359
Federal funds sold		9,493		9,493		-		-		9,493
Interest-bearing time deposits in other banks		3,237		-		3,237		-		3,237
Loans, net of allowance		1,018,085		-		1,011,048		6,910		1,017,958
Loans held for sale		464		-		464		-		464
Nonmarketable equity securities		1,202		-		1,202		-		1,202
Interest receivable		4,259		-		4,259		-		4,259
Financial Liabilities
Deposits	$	1,217,471	$	-	$	1,217,094	$	-	$	1,217,094
Interest payable		117		-		117		-		117
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
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