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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2019
Fair Value Measurements [Abstract]  
Assets Measured at Fair Value on Recurring Basis
The following tables present the balances of certain assets measured at fair value on a recurring basis as of the dates indicated:

     
Fair Value Measurements at June 30, 2019 Using
 
(dollars in thousands)
 
Balance
  
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Available-for-sale securities
            
U.S. Treasury securities
 
$
12,480
  
$
-
  
$
12,480
  
$
-
 
Obligations of  U.S. Government agencies
  
11,572
   
-
   
11,572
   
-
 
Obligations of state and political subdivisions
  
42,132
   
-
   
42,132
   
-
 
Mortgage-backed securities
  
72,173
   
-
   
72,173
   
-
 
Money market investments
  
3,484
   
-
   
3,484
   
-
 
Corporate bonds and other securities
  
3,612
   
-
   
3,612
   
-
 
Total available-for-sale securities
 
$
145,453
  
$
-
  
$
145,453
  
$
-
 

     
Fair Value Measurements at December 31, 2018 Using
 
(dollars in thousands)
 
Balance
  
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Available-for-sale securities
            
U.S. Treasury securities
 
$
12,328
  
$
-
  
$
12,328
  
$
-
 
Obligations of  U.S. Government agencies
  
10,714
   
-
   
10,714
   
-
 
Obligations of state and political subdivisions
  
48,837
   
-
   
48,837
   
-
 
Mortgage-backed securities
  
71,191
   
-
   
71,191
   
-
 
Money market investments
  
1,897
   
-
   
1,897
   
-
 
Corporate bonds and other securities
  
3,280
   
-
   
3,280
   
-
 
Total available-for-sale securities
 
$
148,247
  
$
-
  
$
148,247
  
$
-
 
Assets Measured at Fair Value on Nonrecurring Basis
The following table presents the assets carried in the consolidated balance sheets for which a nonrecurring change in fair value has been recorded. Assets are shown by class of loan and by level in the fair value hierarchy, as of the dates indicated. Certain impaired loans are valued by the present value of the loan’s expected future cash flows, discounted at the loan’s effective interest rate rather than at a market rate. These loans are not carried in the consolidated balance sheets at fair value and, as such, are not included in the tables below.

     
Carrying Value at June 30, 2019 Using
 
(dollars in thousands)
 
Fair Value
  
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Impaired loans
            
Mortgage loans on real estate:
            
Residential 1-4 family
 
$
45
  
$
-
  
$
-
  
$
45
 
Commercial
  
1,772
   
-
   
-
   
1,772
 
Construction
  
74
   
-
   
-
   
74
 
Total mortgage loans on real estate
 
$
1,891
  
$
-
  
$
-
  
$
1,891
 
Commercial loans
  
3
   
-
   
-
   
3
 
Total
 
$
1,894
  
$
-
  
$
-
  
$
1,894
 
                 
Loans
                
Loans held for sale
 
$
754
  
$
-
  
$
754
  
$
-
 

     
Carrying Value at December 31, 2018 Using
 
(dollars in thousands)
 
Fair Value
  
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Impaired loans
            
Mortgage loans on real estate:
            
Residential 1-4 family
 
$
188
  
$
-
  
$
-
  
$
188
 
Construction
  
74
   
-
   
-
   
74
 
Equity lines of credit
  
229
   
-
   
-
   
229
 
Total mortgage loans on real estate
  
491
   
-
   
-
   
491
 
Total
 
$
491
  
$
-
  
$
-
  
$
491
 
                 
Loans
                
Loans held for sale
 
$
479
  
$
-
  
$
479
  
$
-
 
                 
Other real estate owned
                
Construction
 
$
83
  
$
-
  
$
-
  
$
83
 
Total
 
$
83
  
$
-
  
$
-
  
$
83
 
Fair Value Inputs, Assets, Quantitative Information
The following tables display quantitative information about Level 3 Fair Value Measurements as of the dates indicated:

    
Quantitative Information About Level 3 Fair Value Measurements
 
(dollars in thousands)
 
Fair Value at
June 30, 2019
 
Valuation Techniques
Unobservable Input
 
Range (Weighted
Average)
 
Impaired loans
        
Residential 1-4 family real estate
 
$
45
 
 Market comparables
 Selling costs
  
7.25
%
        
 Liquidation discount
  
4.00
%
Commercial real estate
 
$
1,772
 
 Market comparables
 Selling costs
  
6.00
%
        
 Liquidation discount
  
35.00
%
Construction
 
$
74
 
 Market comparables
 Selling costs
  
7.25
%
        
 Liquidation discount
  
4.00
%
Commercial loans
 
$
3
 
 Market comparables
 Selling costs
  
0.00% - 7.25% (6.04
%)
        
 Liquidation discount
  
0.00% - 4.00% (3.33
%)

    
Quantitative Information About Level 3 Fair Value Measurements
 
(dollars in thousands)
 
Fair Value at
December 31,
2018
 
Valuation Techniques
Unobservable Input
 
Range (Weighted
Average)
 
Impaired loans
        
Residential 1-4 family real estate
 
$
188
 
 Market comparables
 Selling costs
  
7.25
%
        
 Liquidation discount
  
4.00
%
Construction
 
$
74
 
 Market comparables
 Selling costs
  
7.25
%
        
 Liquidation discount
  
4.00
%
Equity lines of credit
 
$
229
 
 Market comparables
 Selling costs
  
7.25
%
        
 Liquidation discount
  
4.00
%
           
Other real estate owned
          
Construction
 
$
83
 
 Market comparables
 Selling costs
  
7.25
%
        
 Liquidation discount
  
4.00
%
Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments
The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments as of the dates indicated are as follows:

     
Fair Value Measurements at June 30, 2019 Using
 
(dollars in thousands)
 
Carrying Value
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Assets
            
Cash and cash equivalents
 
$
50,602
  
$
50,602
  
$
-
  
$
-
 
Securities available-for-sale
  
145,453
   
-
   
145,453
   
-
 
Restricted securities
  
3,479
   
-
   
3,479
   
-
 
Loans held for sale
  
754
   
-
   
754
   
-
 
Loans, net of allowances for loan losses
  
750,421
   
-
   
-
   
741,154
 
Bank owned life insurance
  
27,153
   
-
   
27,153
   
-
 
Accrued interest receivable
  
3,223
   
-
   
3,223
   
-
 
                 
Liabilities
                
Deposits
 
$
847,784
  
$
-
  
$
851,342
  
$
-
 
Overnight repurchase agreements
  
18,011
   
-
   
18,011
   
-
 
Federal Home Loan Bank advances
  
50,000
   
-
   
50,347
   
-
 
Other borrowings
  
2,250
   
-
   
2,250
   
-
 
Accrued interest payable
  
651
   
-
   
651
   
-
 

     
Fair Value Measurements at December 31, 2018 Using
 
(dollars in thousands)
 
Carrying Value
  
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  
Significant Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Assets
            
Cash and cash equivalents
 
$
42,217
  
$
42,217
  
$
-
  
$
-
 
Securities available-for-sale
  
148,247
   
-
   
148,247
   
-
 
Restricted securities
  
3,853
   
-
   
3,853
   
-
 
Loans held for sale
  
479
   
-
   
479
   
-
 
Loans, net of allowances for loan losses
  
763,898
   
-
   
-
   
749,848
 
Bank owned life insurance
  
26,763
   
-
   
26,763
   
-
 
Accrued interest receivable
  
3,095
   
-
   
3,095
   
-
 
                 
Liabilities
                
Deposits
 
$
843,144
  
$
-
  
$
843,818
  
$
-
 
Overnight repurchase agreements
  
25,775
   
-
   
25,775
   
-
 
Federal Home Loan Bank advances
  
60,000
   
-
   
59,975
   
-
 
Other borrowings
  
2,550
   
-
   
2,550
   
-
 
Accrued interest payable
  
594
   
-
   
594
   
-