Fair Value Measurements And Fair Values Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]

Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis

(Dollars in thousands)	Fair Value at September 30, 2020
Asset Description	Level 1		Level 2		Level 3		Total
Equity securities, at fair value	$	301	$	—	$	—	$	301
Available for sale:
U.S. Government and Agency securities		—		11,863		—		11,863
Municipal securities		—		221,433		—		221,433
Trust preferred and Corporate securities		—		10,694		—		10,694
Agency mortgage-backed securities		—		64,380		—		64,380
Private-label mortgage-backed securities		—		5,810		—		5,810
Asset-backed securities		—		32,293		—		32,293
Total assets	$	301	$	346,473	$	—	$	346,774

The fair value of derivative liabilities measured at fair value at September 30, 2020 is $51 thousand and is considered immaterial.

(Dollars in thousands)	Fair Value at December 31, 2019
Asset Description	Level 1		Level 2		Level 3		Total
Equity securities, at fair value	$	440	$	—	$	—	$	440
Available for sale:
U.S. Government and Agency securities		—		8,428		—		8,428
Municipal securities		—		91,286		—		91,286
Trust preferred and Corporate securities		—		3,967		—		3,967
Agency mortgage-backed securities		—		58,704		—		58,704
Private-label mortgage-backed securities		—		429		—		429
Asset-backed securities		—		24,619		—		24,619
Total assets	$	440	$	187,433	$	—	$	187,873

Schedule Of Fair Value On A Nonrecurring Basis

(Dollars in Thousands)	Fair Value at December 31, 2019
Asset Description	Level 1		Level 2		Level 3		Total
Impaired loans (1)	$	—	$	—	$	1,080	$	1,080
Total assets	$	—	$	—	$	1,080	$	1,080

(1)Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Inputs, Assets, Quantitative Information

(Dollars in thousands)					Range
December 31, 2019		Fair Value	Valuation Technique	Unobservable Input	Weighted Average
Impaired loans	$	1,080	Appraisal	Appraisal Adjustments	0% - 100% (48%)
(1) Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value, By Balance Sheet Grouping

	September 30, 2020
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	71,160	$	71,160	$	71,160	$	—	$	—
Long-term interest-bearing deposits in other banks		14,235		14,235		14,235		—		—
Loans held for sale		9,498		9,498		—		9,498		—
Net loans		1,005,807		1,008,275		—		—		1,008,275
Accrued interest receivable		6,286		6,286		—		—		6,286
Financial liabilities:
Deposits	$	1,336,749	$	1,337,396	$	—	$	1,337,396	$	—
Accrued interest payable		378		378		—		378		—
	December 31, 2019
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	83,828	$	83,828	$	83,828	$	—	$	—
Long-term interest-bearing deposits in other banks		8,746		8,746		8,746		—		—
Loans held for sale		2,040		2,040		—		2,040		—
Net loans		922,609		918,640		—		—		918,640
Accrued interest receivable		3,845		3,845		—		—		3,845
Financial liabilities:
Deposits	$	1,125,392	$	1,125,877	$	—	$	1,125,877	$	—
Accrued interest payable		436		436		—		436		—