Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

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

(dollars in thousands)	December 31, 2019
Description of Asset	Fair Value		Level 1		Level 2		Level 3
AFS securities
Asset-backed securities issued by GSEs and U.S. Agencies
CMOs	$	36,092	$	—	$	36,092	$	—
MBS	146,932		—		146,932		—
U.S. Agency	9,733		—		9,733		—
Asset-backed securities issued by others:
Residential CMOs	371		—		371		—
Callable GSE Agency Bonds	2,002		—		2,002		—
Certificates of Deposit Fixed	250		—		250		—
U.S. government obligations	1,489		—		1,489		—
Municipal bonds	11,318		—		11,318		—
Total AFS securities	$	208,187	$	—	$	208,187	$	—
Equity securities carried at fair value through income
CRA investment fund	$	4,669	$	—	$	4,669	$	—
Non-marketable equity securities
Other equity securities	$	209	$	—	$	209	$	—

(dollars in thousands)	December 31, 2018
Description of Asset	Fair Value		Level 1		Level 2		Level 3
AFS 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 AFS 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

Assets measured at fair value on a nonrecurring basis as of December 31, 2019 and 2018 are included in the tables below.

(dollars in thousands)	December 31, 2019
Description of Asset	Fair Value		Level 1		Level 2		Level 3
Loans with impairment
Commercial real estate	$	4,371	$	—	$	—	$	4,371
Commercial loans	1,110		—		—		1,110
Commercial equipment	2		—		—		2
Total loans with impairment	$	5,483	$	—	$	—	$	5,483
Premises and equipment held for sale	$	430	$	—	$	—	$	430
Other real estate owned	$	7,773	$	—	$	—	$	7,773

(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

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.

December 31, 2019
(dollars in thousands)
Description of Asset	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Loans with impairment	$	5,483	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50% (13%)
Premises and equipment held for sale	$	430	Third party appraisals, in-house real estate evaluations of fair value and contracts to sell.	Management discount for property type and current market conditions	0%-50% (n/a%)
Other real estate owned	$	7,773	Third party appraisals and in-house real estate evaluations of fair value	Management discount for property type and current market conditions	0%-50% (18%)

December 31, 2018
(dollars in thousands)
Description of Asset	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
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%)