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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
Assets measured at fair value on a recurring basis at December 31, 2019 and 2018, segregated by fair value hierarchy level, are summarized below:
 
Fair Value Measurement
 
Fair
Value
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
December 31, 2019:
(Dollars in thousands)
Investment securities available-for-sale
 
 
 
 
Debt securities:
 
 
 
 
U.S. Government-sponsored enterprises
$
6,292

$

$
6,292

$

Agency MBS
46,024


46,024


State and political subdivisions
26,965


26,965


Corporate
8,112


8,112


Total debt securities
$
87,393

$

$
87,393

$

 
 
 
 
 
Other investments:
 
 
 
 
Mutual funds
$
690

$
690

$

$

 
 
 
 
 
December 31, 2018:
 
 
 
 
Investment securities available-for-sale
 
 
 
 
Debt securities:
 
 
 
 
U.S. Government-sponsored enterprises
$
6,321

$

$
6,321

$

Agency MBS
36,252


36,252


State and political subdivisions
23,171


23,171


Corporate
7,661


7,661


Total debt securities
$
73,405

$

$
73,405

$

 
 
 
 
 
Other investments:
 
 
 
 
Mutual funds
$
556

$
556

$

$

Fair Value, by Balance Sheet Grouping [Table Text Block]
As of the balance sheet dates, the estimated fair values and related carrying amounts of the Company's significant financial instruments were as follows:
 
December 31, 2019
 
Fair Value Measurement
 
Carrying
Amount
Estimated Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 
(Dollars in thousands)
Financial assets
 
 
 
 
 
Cash and cash equivalents
$
51,134

$
51,134

$
51,134

$

$

Interest bearing deposits in banks
6,565

6,671


6,671


Investment securities
88,083

88,083

690

87,393


Loans held for sale
7,442

7,587


7,587


Loans, net
 
 
 
 
 
Residential real estate
191,032

192,955



192,955

Construction real estate
68,951

68,381



68,381

Commercial real estate
286,871

288,931



288,931

Commercial
47,379

45,872



45,872

Consumer
3,545

3,483



3,483

Municipal
67,387

67,103



67,103

Accrued interest receivable
2,702

2,702


435

2,267

Nonmarketable equity securities
2,607

N/A

N/A

N/A

N/A

Financial liabilities
 
 
 
 
 
Deposits
 
 
 
 
 
Noninterest bearing
136,434

136,434

136,434



Interest bearing
458,940

458,940

458,940



Time
148,653

148,542


148,542


Borrowed funds
 
 
 
 
 
Short-term
40,000

40,000

40,000



Long-term
7,164

7,416


7,416


Accrued interest payable
673

673


673



 
December 31, 2018
 
Fair Value Measurement
 
Carrying
Amount
Estimated Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
 
(Dollars in thousands)
Financial assets
 
 
 
 
 
Cash and cash equivalents
$
37,289

$
37,289

$
37,289

$

$

Interest bearing deposits in banks
9,300

9,177


9,177


Investment securities
73,961

73,961

556

73,405


Loans held for sale
2,899

2,954


2,954


Loans, net
 
 
 
 
 
Residential real estate
186,225

183,836



183,836

Construction real estate
54,786

54,694



54,694

Commercial real estate
273,609

272,187



272,187

Commercial
46,943

45,713



45,713

Consumer
3,223

3,193



3,193

Municipal
72,874

72,689



72,689

Accrued interest receivable
2,812

2,812


423

2,389

Nonmarketable equity securities
2,376

N/A

N/A

N/A

N/A

Financial liabilities
 
 
 
 
 
Deposits
 
 
 
 
 
Noninterest bearing
132,971

132,971

132,971



Interest bearing
444,722

444,722

444,722



Time
129,077

127,554


127,554


Borrowed funds
 
 
 
 
 
Short-term
370

370

370



Long-term
27,451

27,374


27,374


Accrued interest payable
203

203


203