Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Fair Values of Financial Instruments

Summary of the estimated fair value and the related carrying values of the Company's financial instruments

Dollars are in thousands			Fair Value Measurements at March 31, 2022
			Quoted Prices in		Significant		Significant
			Active Markets for		Other		Unobservable
	Carrying		Identical Assets		Observable Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)		Balance
Financial assets:
Cash and due from banks	$	13,916	$	13,916	$	—	$	—	$	13,916
Interest bearing deposits		308,016		308,016		—		—		308,016
Federal funds sold		23,982		23,982		—		—		23,982
Securities:
Available for sale		125,129		—		125,129		—		125,129
Loans held for sale		1,342		—		1,342		—		1,342
Loans, net of allowance for credit losses		1,138,799		—		—		1,119,549		1,119,549
Accrued interest receivable		4,113		—		4,113		—		4,113
Restricted stock		4,935		—		4,935		—		4,935
Other investments		4,983		—		4,983		—		4,983
Bank owned life insurance		18,366		—		18,366		—		18,366
Financial liabilities:
Deposits	$	1,491,455	$	—	$	1,135,248	$	351,556	$	1,486,804
Accrued interest payable		267		—		267		—		267
FHLB advances		26,149		—		26,686		—		26,686
Subordinated notes payable		22,180		—		28,272		—		28,272
Other borrowings		750		—		—		750		750

Dollars are in thousands			Fair Value Measurements at December 31, 2021
			Quoted Prices in		Significant		Significant
			Active Markets for		Other		Unobservable
	Carrying		Identical Assets		Observable Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)		Balance
Financial assets:
Cash and due from banks	$	12,887	$	12,887	$	—	$	—	$	12,887
Interest bearing deposits		297,902		297,902		—		—		297,902
Federal funds sold		28,040		28,040		—		—		28,040
Securities:
Available for sale		122,021		—		122,021		—		122,021
Loans held for sale		4,064		—		4,064		—		4,064
Loans, net of allowance for credit losses		1,102,539		—		—		1,089,812		1,089,812
Accrued interest receivable		4,313		—		4,313		—		4,313
Restricted stock		4,869		—		4,869		—		4,869
Other investments		5,065		—		5,065		—		5,065
Bank owned life insurance		18,254		—		18,254		—		18,254
Other real estate owned		837		—		—		837		837
Financial liabilities:
Deposits	$	1,442,876	$	—	$	1,063,619	$	380,245	$	1,443,864
Accrued interest payable		280		—		280		—		280
FHLB advances		26,313		—		27,007		—		27,007
Subordinated notes payable		22,168		—		30,091		—		30,091
Other borrowings		755		—		—		755		755