Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

Assets measured at fair value on a recurring basis at December 31, 2020 and 2019, 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, 2020:	(Dollars in thousands)
Investment securities available-for-sale
Debt securities:
U.S. Government-sponsored enterprises	$	6,548	$	—	$	6,548	$	—
Agency MBS	62,352		—		62,352		—
State and political subdivisions	28,461		—		28,461		—
Corporate	8,402		—		8,402		—
Total debt securities	$	105,763	$	—	$	105,763	$	—
Other investments:
Mutual funds	$	1,047	$	1,047	$	—	$	—
December 31, 2019:
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	$	—	$	—

Schedule of Fair Value, by Balance Sheet Grouping

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, 2020
	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	$	122,771	$	122,771	$	122,771	$	—	$	—
Interest bearing deposits in banks	12,699		12,699		—		12,699		—
Investment securities	106,810		106,810		1,047		105,763		—
Loans held for sale	32,188		33,437		—		33,437		—
Loans, net
Residential real estate	181,355		185,890		—		—		185,890
Construction real estate	56,643		56,882		—		—		56,882
Commercial real estate	315,522		324,085		—		—		324,085
Commercial	108,382		106,358		—		—		106,358
Consumer	2,586		2,557		—		—		2,557
Municipal	98,264		98,973		—		—		98,973
Accrued interest receivable	4,129		4,129		—		446		3,683
Nonmarketable equity securities	1,150		N/A		N/A		N/A		N/A
Financial liabilities
Deposits
Noninterest bearing	215,245		215,245		215,245		—		—
Interest bearing	637,369		637,369		637,369		—		—
Time	141,688		142,605		—		142,605		—
Borrowed funds
Long-term	7,164		7,585		—		7,585		—
Accrued interest payable	108		108		—		108		—

	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		—