Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

Assets measured at fair value on a recurring basis at June 30, 2020 and December 31, 2019, segregated by fair value hierarchy level, are summarized below:

	Fair Value Measurements
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2020:	(Dollars in thousands)
Debt securities AFS:
U.S. Government-sponsored enterprises	$	4,943	$	—	$	4,943	$	—
Agency mortgage-backed	43,479		—		43,479		—
State and political subdivisions	28,619		—		28,619		—
Corporate	8,389		—		8,389		—
Total debt securities	$	85,430	$	—	$	85,430	$	—
Other investments:
Mutual funds	$	791	$	791	$	—	$	—
December 31, 2019:
Debt securities AFS:
U.S. Government-sponsored enterprises	$	6,292	$	—	$	6,292	$	—
Agency mortgage-backed	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	$	—	$	—

Fair Values and Carrying Amounts, Significant Financial Instruments [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:

	June 30, 2020
	Fair Value Measurements
	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	$	36,628	$	36,628	$	36,628	$	—	$	—
Interest bearing deposits in banks	9,802		10,052		—		10,052		—
Investment securities	86,221		86,221		791		85,430		—
Loans held for sale	43,550		44,931		—		44,931		—
Loans, net
Residential real estate	180,151		183,522		—		—		183,522
Construction real estate	46,059		45,988		—		—		45,988
Commercial real estate	309,565		314,926		—		—		314,926
Commercial	114,836		111,798		—		—		111,798
Consumer	3,161		3,129		—		—		3,129
Municipal	31,177		31,599		—		—		31,599
Accrued interest receivable	3,647		3,647		—		436		3,211
Nonmarketable equity securities	1,150		N/A		N/A		N/A		N/A
Financial liabilities
Deposits
Noninterest bearing	$	188,741	$	188,741	$	188,741	$	—	$	—
Interest bearing	484,496		484,496		484,496		—		—
Time	146,255		147,601		—		147,601		—
Borrowed funds
Long-term	9,497		9,992		—		9,992		—
Accrued interest payable	164		164		—		164		—

	December 31, 2019
	Fair Value Measurements
	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		—