Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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	$	12,784	$	12,784	$	—	$	—	$	12,784
Interest bearing deposits		210,935		210,935		—		—		210,935
Federal funds sold		24,573		24,573		—		—		24,573
Securities:
Available for sale		131,465		—		131,465		—		131,465
Loans held for sale		201		—		201		—		201
Loans, net of allowance for credit losses		1,190,142		—		—		1,119,240		1,119,240
Accrued interest receivable		4,035		—		4,035		—		4,035
Restricted stock		4,889		—		4,889		—		4,889
Other investments		4,864		—		4,864		—		4,864
Bank owned life insurance		18,592		—		18,592		—		18,592
Financial liabilities:
Deposits	$	1,455,944	$	—	$	1,152,907	$	294,000	$	1,446,907
Accrued interest payable on deposits		189		—		189		—		189
FHLB advances		25,819		—		24,934		—		24,934
Subordinated notes payable		22,203		—		26,506		—		26,506
Other borrowings		811		—		—		811		811

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 on deposits		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