Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Investments, All Other Investments [Abstract]

Fair Value, by Balance Sheet Grouping

September 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	$	131,288	$	131,288	$	—	$	131,288	$	—
Investment securities - HTM	88,654		90,035		1,494		88,541		—
Equity securities carried at fair value through income	4,665		4,665		—		4,665
Non-marketable equity securities in other financial institutions	209		209		—		209		—
FHLB Stock	4,510		4,510		—		4,510		—
Net loans receivable	1,405,856		1,383,237		—		—		1,383,237
Accrued Interest Receivable	5,213		5,213		—		5,213		—
Investment in BOLI	36,958		36,958		—		36,958		—
Liabilities
Savings, NOW and money market accounts	$	1,125,224	1,125,224		$	—	$	1,125,224	$	—
Time deposits	434,736		437,289		—		437,289		—
Short-term borrowings	15,000		15,033		—		15,033		—
Long-term debt	55,387		55,708		—		55,708		—
TRUPs	12,000		10,362		—		10,362		—
Subordinated notes	23,000		23,068		—		23,068		—

See the Company’s methodologies disclosed in Note 21 of the Company’s 2018Form 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		—
Short-term borrowings	35,000		35,016		—		35,016		—
Long-term debt	20,436		20,568		—		20,568		—
TRUPs	12,000		10,924		—		10,924		—
Subordinated notes	23,000		23,085		—		23,085		—