Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The estimated fair values of recognized financial instruments as of December 31 were as follows:

	2019
		Carrying												Total Fair
(Dollars in thousands)		Value			Level I			Level II			Level III			Value
Financial assets
Cash and cash equivalents	$		102,017	$		102,017	$		—	$		—	$		102,017
Securities available-for-sale			112,146			999			111,147			—			112,146
Securities held-to-maturity			13,869			—			13,950			—			13,950
Equity securities			92			46			—			46			92
Restricted stock			4,614		N/A			N/A			N/A			N/A
Loans held for sale			622			622			—			—			622
Net loans			544,616			—			—			542,981			542,981
Bank-owned life insurance			18,894			18,894			—			—			18,894
Accrued interest receivable			1,641			1,641			—			—			1,641
Mortgage servicing rights			328			—			—			328			328
Financial liabilities
Deposits	$		683,546	$		555,985	$		—	$		127,440	$		683,425
Short-term borrowings			38,889			38,889			—			—			38,889
Other borrowings			6,330			—			—			6,273			6,273
Accrued interest payable			127			127			—			—			127
	2018
		Carrying												Total Fair
(Dollars in thousands)		Value			Level I			Level II			Level III			Value
Financial assets
Cash and cash equivalents	$		45,564	$		45,564	$		—	$		—	$		45,564
Securities available-for-sale			85,528			996			84,532			—			85,528
Securities held-to-maturity			20,688			—			20,118			—			20,118
Equity securities			83			37			—			46			83
Restricted stock			4,614		N/A			N/A			N/A			N/A
Loans held for sale			108			108			—			—			108
Net loans			543,067			—			—			543,076			543,076
Bank-owned life insurance			13,554			13,554			—			—			13,554
Accrued interest receivable			1,581			1,581			—			—			1,581
Mortgage servicing rights			281			—			—			281			281
Financial liabilities
Deposits	$		606,498	$		490,007	$		—	$		114,434	$		604,441
Short-term borrowings			37,415			37,415			—			—			37,415
Other borrowings			8,525			—			—			8,251			8,251
Accrued interest payable			88			88			—			—			88

Summary of Equity Securities

The following table presents the carry amount of equity securities without readily determinable fair values, the cumulative amount of impairment, and the cumulative amount of observable price changes for orderly transactions for the identical or a similar investment of the same issuer. There have been no known transactions for the equity securities in 2019.

(Dollars in thousands)	December 31, 2019 Life-to-Date			December 31, 2018 Life-to-Date
Amortized cost	$	44	$		44
Impairment		—			—
Observable price changes		2			2
Carrying value	$	46	$		46