Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The tables below present the recorded amount of assets as of September 30, 2019 and December 31, 2018 measured at fair value on a recurring basis.

(dollars in thousands)	September 30, 2019
Description of Asset	Fair Value		Level 1		Level 2		Level 3
Available for sale securities
Asset-backed securities issued by GSEs and U.S. Agencies
CMOs	$	108,194	$	—	$	108,194	$	—
MBS	11,792		—		11,792		—
U.S. Agency	11,302		—		11,302		—
Total available for sale securities	$	131,288	$	—	$	131,288	$	—
Equity securities carried at fair value through income
CRA investment fund	$	4,665	$	—	$	4,665	$	—

(dollars in thousands)	December 31, 2018
Description of Asset	Fair Value		Level 1		Level 2		Level 3
Available for sale securities
Asset-backed securities issued by GSEs and U.S. Agencies
CMOs	$	100,740	$	—	100,740		$	—
MBS	7,361		—		7,361		—
U.S. Agency	11,875		—		11,875		—
Total available for sale securities	$	119,976	$	—	$	119,976	$	—
Equity securities carried at fair value through income
CRA investment fund	$	4,428	$	—	$	4,428	$	—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

(dollars in thousands)	September 30, 2019
Description of Asset	Fair Value		Level 1		Level 2		Level 3
Loans with impairment
Commercial real estate	$	4,355	$	—	$	—	$	4,355
Other real estate owned	$	10,195	$	—	$	—	$	10,195

(dollars in thousands)	December 31, 2018
Description of Asset	Fair Value		Level 1		Level 2		Level 3
Loans with impairment
Commercial real estate	$	2,699	$	—	$	—	$	2,699
Commercial loans	163		—		—		163
Commercial equipment	25		—		—		25
Total loans with impairment	$	2,887	$	—	$	—	$	2,887
Other real estate owned	$	8,111	$	—	$	—	$	8,111

Schedule of unobservable inputs used in Level 3 fair value measurements

The following tables provide information describing the unobservable inputs used in Level 3 fair value measurements at September 30, 2019 and December 31, 2018.

September 30, 2019	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
(dollars in thousands)
Description of Asset
Loans with impairment	$	4,355	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50% (25%)
Other real estate owned	$	10,195	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50% (16%)

December 31, 2018	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
(dollars in thousands)
Description of Asset
Loans with impairment	$	2,887	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50% (29%)
Other real estate owned	$	8,111	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50% (14%)