Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Measurements

Summary of fair value measurements on a recurring basis

							Fair
Dollars are in thousands	Level 1		Level 2		Level 3		Value
March 31, 2020
Securities available for sale:
Obligations of U.S. Government agencies and corporations	$	—	$	5,966	$	—	$	5,966
Obligations of States and political subdivisions		—		35,388		—		35,388
Mortgage-backed securities		—		58,319		—		58,319
Subordinated debt investments		—		3,013		—		3,013
Equity securities		—		1,966		—		1,966
Total securities available for sale	$	—	$	104,652	$	—	$	104,652
December 31, 2019
Securities available for sale:
Obligations of U.S. Government agencies and corporations	$	—	$	10,312	$	—	$	10,312
Obligations of States and political subdivisions		—		34,558		—		34,558
Mortgage-backed securities		—		56,421		—		56,421
Subordinated debt investments		—		3,030		—		3,030
Equity securities		—		1,935		—		1,935
Total securities available for sale	$	—	$	106,256	$	—	$	106,256

Summary of fair value measurements on a non-recurring basis

Dollars are in thousands							Fair
March 31, 2020	Level 1		Level 2		Level 3		Value
Impaired loans	$	—	$	—	$	22,176	$	22,176
Loans held for sale		—		5,190		—		5,190
OREO		—		2,417		—		2,417
Total	$	—	$	7,607	$	22,176	$	29,783
December 31, 2019
Impaired loans	$	—	$	—	$	19,493	$	19,493
Loans held for sale		—		3,555		—		3,555
OREO		—		2,417		—		2,417
Total	$	—	$	5,972	$	19,493	$	25,465