Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The tables below present the recorded amount of assets as of December 31, 2022 and December 31, 2021 measured at fair value on a recurring basis.

(dollars in thousands)	December 31, 2022
Description of Asset	Fair Value		Level 1		Level 2		Level 3
AFS securities
Asset-backed securities issued by GSEs and U.S. Agencies
MBS	$	113,670	$	—	$	113,670	$	—
CMOs	159,413		—		159,413		—
U.S. Agency	12,356		—		12,356		—
Asset-backed securities issued by Others:
Residential CMOs	12,206		—		12,206		—
Student Loan Trust ABSs	47,312		—		47,312		—
Municipal bonds	79,618		—		79,618		—
Corporate bonds	4,404		—		4,404		—
U.S. government obligations	33,767		—		33,767		—
Total AFS securities	$	462,746	$	—	$	462,746	$	—
Equity securities carried at fair value through income
CRA investment fund	$	4,286	$	—	$	4,286	$	—
Non-marketable equity securities
Other equity securities	$	207	$	—	$	207	$	—

(dollars in thousands)	December 31, 2021
Description of Asset	Fair Value		Level 1		Level 2		Level 3
AFS securities
Asset-backed securities issued by GSEs and U.S. Agencies
MBS	$	119,916	$	—	$	119,916	$	—
CMOs	197,123		—		197,123		—
U.S. Agency	14,304		—		14,304		—
Asset-backed securities issued by Others:
Residential CMOs	221		—		221		—
Student Loan Trust ABSs	56,574		—		56,574		—
Municipal bonds	92,841		—		92,841		—
U.S. government obligations	16,860		—		16,860		—
Total AFS securities	$	497,839	$	—	$	497,839	$	—
Equity securities carried at fair value through income
CRA investment fund	$	4,772	$	—	$	4,772	$	—
Non-marketable equity securities
Other equity securities	$	207	$	—	$	207	$	—
Mortgage banking derivatives
Interest rate lock commitments	$	28	$	—	$	—	$	28

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 December 31, 2022 and December 31, 2021. There were no Level 3 recurring assets or liabilities at December 31, 2022.

December 31, 2021
(dollars in thousands)
Description of Asset	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Interest rate lock commitments	$	28	Freddie Mac pricing of loans with comparable terms	Pull-through rate	0% - 100% - 75%