Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Investments, All Other Investments [Abstract]

Fair Value, by Balance Sheet Grouping

June 30, 2019	Carrying Amount		Fair Value		Fair Value Measurements
Description of Asset (dollars in thousands)					Level 1		Level 2		Level 3
Assets
Investment securities - AFS	$	130,212	$	130,212	$	—	$	130,212	$	—
Investment securities - HTM	95,657		96,372		1,499		94,873		—
Equity securities carried at fair value through income	4,603		4,603		—		4,603
Non-marketable equity securities in other financial institutions	209		209		—		209		—
FHLB Stock	3,236		3,236		—		3,236		—
Net loans receivable	1,377,631		1,351,638		—		—		1,351,638
Accrued Interest Receivable	5,431		5,431		—		5,431		—
Investment in BOLI	36,734		36,734		—		36,734		—
Liabilities
Savings, NOW and money market accounts	$	1,033,873	1,033,873		$	—	$	1,033,873	$	—
Time deposits	460,569		462,743		—		462,743		—
Long-term debt	30,403		30,770		—		30,770		—
Short term borrowings	10,000		10,037		—		10,037		—
TRUPs	12,000		10,776		—		10,776		—
Subordinated notes	23,000		23,041		—		23,041		—

See the Company’s methodologies disclosed in Note 21 of the Company’s 2018 Form 10‑K for the fair value methodologies used as of December 31, 2018:

December 31, 2018	Carrying Amount		Fair Value		Fair Value Measurements
Description of Asset (dollars in thousands)					Level 1		Level 2		Level 3
Assets
Investment securities - AFS	$	119,976	$	119,976	$	—	$	119,976	$	—
Investment securities - HTM	96,271		93,745		999		92,746		—
Equity securities carried at fair value through income	4,428		4,428				4,428		—
Non-marketable equity securities in other financial institutions	209		209		—		209		—
FHLB Stock	3,821		3,821		—		3,821		—
Net loans receivable	1,337,129		1,298,465		—		—		1,298,465
Accrued Interest Receivable	4,957		4,957		—		4,957		—
Investment in BOLI	36,295		36,295		—		36,295		—
Liabilities
Savings, NOW and money market accounts	$	982,600	982,600		$	—	$	982,600	$	—
Time deposits	447,029		446,683		—		446,683		—
Long-term debt	20,436		20,568		—		20,568		—
Short term borrowings	35,000		35,016		—		35,016		—
TRUPs	12,000		10,924		—		10,924		—
Subordinated notes	23,000		23,085		—		23,085		—