Fair Value (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a Recurring Basis

Assets measured at fair value on a recurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value: 

			Recurring Fair Value Measurements Using
	December 31, 2021		Level 1		Level 2		Level 3
Marketable equity securities	$	3,544	$	3,544	$	—	$	—
Securities available-for-sale:
U.S. Treasury notes		19,484		—		19,484		—
Obligations of states and political subdivisions		20,760		—		20,760		—
Government-sponsored mortgage-backed securities		64,149		—		64,149		—
Asset-backed securities		6,523		—		6,523		—
Certificates of deposit		1,524		—		1,524		—
Total	$	115,984	$	3,544	$	112,440	$	—

			Recurring Fair Value Measurements Using
	December 31, 2020		Level 1		Level 2		Level 3
Marketable equity securities	$	2,992	$	2,992	$	—	$	—
Securities available-for-sale:
U.S. Treasury notes		—		—		—		—
Obligations of states and political subdivisions		11,803		—		11,803		—
Government-sponsored mortgage-backed securities		38,039		—		38,039		—
Asset-backed securities		7,281		—		7,281		—
Certificates of deposit		1,580		—		1,580		—
Total	$	61,695	$	2,992	$	58,703	$	—

Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements

For Level 3 assets measured at fair value on a nonrecurring basis, the significant unobservable inputs used in the fair value measurements were as follows: 

	Fair Value at						Significant Unobservable Input Value
	December 31, 2021		Valuation Technique		Significant Unobservable Input(s)		Minimum Value			Maximum Value
Rate lock commitments		30		Pricing model		Pull through rate		75.0	%		100.0	%
Mortgage servicing rights		2,477		Pricing models		Prepayment rate		11.3	%		37.0	%
						Discount rate		10.0	%		13.5	%
						Cost to service	$	83.00		$	85.00

Summary of Carrying Values and Estimated Fair Values of Financial Instruments

The carrying value and estimated fair value of financial instruments follow: 

	December 31, 2021
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	66,803	$	66,803	$	—	$	—
Available for sale securities		112,440		—		112,440		—
Marketable equity securities		3,544		3,544		—		—
Loans held for sale		1,183		—		1,183		—
Loans		323,789		—		—		323,182
Rate lock commitments		30		—		—		30
Accrued interest receivable		948		948		—		—
Federal Home Loan Bank Stock		3,032		—		—		3,032
Cash value of life insurance		13,892		—		—		13,892
Financial liabilities:
Deposits		384,501		303,908		—		80,473
Advance payments by borrowers for taxes and insurance		1,860		1,860		—		—
Federal Home Loan Bank advances		55,442		—		—		55,981
Accrued interest payable		109		109		—		—

	December 31, 2020
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	92,526	$	92,526	$	—	$	—
Available for sale securities		58,703		—		58,703		—
Marketable equity securities		2,992		2,992		—		—
Loans held for sale		2,484		—		2,484		—
Loans		329,073		—		—		332,882
Rate lock commitments		354		—		—		354
Accrued interest receivable		912		912		—		—
Federal Home Loan Bank Stock		3,032		—		—		3,032
Cash value of life insurance		13,485		—		—		13,485
Financial liabilities:
Deposits		379,848		292,219		—		87,884
Advance payments by borrowers for taxes and insurance		2,737		2,737		—		—
Federal Home Loan Bank advances		68,398		—		—		70,561
Accrued interest payable		183		183		—		—