Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2020

Financial Instruments Measured At Fair Value On Recurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
September 30, 2020
Securities available-for-sale:
US government agencies	$	-	$	62,279	$	-	$	62,279
States and political subdivisions		-		7,545		-		7,545
Mortgage-backed securities		-		85,937		-		85,937
Mortgage servicing rights		-		-		1,007		1,007
December 31, 2019
Securities available-for-sale:
US government agencies	$	-	$	28,155	$	-	$	28,155
States and political subdivisions		-		3,351		-		3,351
Mortgage-backed securities		-		96,416		-		96,416
Mortgage servicing rights		-		-		555		555

Quantitative Information About Significant Unobservable Inputs For MSRs

	September 30, 2020		December 31, 2019
Servicing fees	0.25	%	0.25	%
Discount rate	9.04	%	9.00	%
Prepayment rate (CPR)	9.59	%	8.21	%

Financial Instruments Measured At Fair Value On Nonrecurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
September 30, 2020
Collateral dependent impaired loans	$	-	$	-	$	21,153	$	21,153
December 31, 2019
Collateral dependent impaired loans	$	-	$	-	$	15,735	$	15,735

Estimated Fair Values Of Financial Instruments

	September 30, 2020				December 31, 2019
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
		(in thousands)				(in thousands)
Financial assets:
Level 1:
Cash and cash equivalents	$	103,635	$	103,635	$	38,857	$	38,857
Level 2:
Available for sale securities		155,761		155,761		127,922		127,922
FHLB and FRB stock		5,914		N/A		3,544		N/A
Level 3:
Held to maturity securities		4,996		5,084		2,386		2,392
Loans, net		1,682,475		1,757,480		1,211,356		1,222,386
Mortgage servicing rights		1,007		1,007		555		555
Financial liabilities:
Level 1:
Demand deposits	$	442,536	$	442,536	$	263,717	$	263,717
NOW deposits		215,492		215,492		140,654		140,654
Savings deposits		799,739		799,739		587,142		587,142
Level 2:
Securities sold under agreement to
repurchase		4,414		4,414		2,425		2,425
Other borrowed funds		47,583		48,336		10,000		9,997
Junior subordinated debentures		30,912		30,912		11,330		11,330
Level 3:
Time deposits		323,211		325,266		275,927		277,051

Mortgage Servicing Rights [Member]

Summary Of Changes In Fair Value At Level 3

	Three months ended September 30,
(in thousands)	2020		2019
Mortgage servicing rights - July 1	$	1,031	$	570
Losses included in earnings		(89)		(71)
Additions from loan sales & acquisition		65		28
Mortgage servicing rights - September 30	$	1,007	$	527

	Nine months ended September 30,
(in thousands)	2020		2019
Mortgage servicing rights - January 1	$	555	$	609
Losses included in earnings		(289)		(154)
Additions from loan sales & acquisition		741		72
Mortgage servicing rights - September 30	$	1,007	$	527