Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The fair values of recognized financial instruments as of March 31, 2020 and December 31, 2019 are as follows:

(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Fair Value
March 31, 2020
Financial assets
Cash and cash equivalents	$	96,272	$	96,272	$	—	$	—	$	96,272
Securities available-for-sale		108,263		1,020		107,243		—		108,263
Securities held-to-maturity		11,242		—		11,542		—		11,542
Equity securities		79		33		—		46		79
Restricted stock		4,614	N/A		N/A		N/A		N/A
Loans held for sale		256		256		—		—		256
Net loans		548,200		—		—		549,544		549,544
Bank-owned life insurance		19,023		19,023		—		—		19,023
Accrued interest receivable		1,611		1,611		—		—		1,611
Mortgage servicing rights		330		—		—		330		330
Financial liabilities
Deposits	$	671,162	$	544,849	$	—	$	128,022	$	672,871
Short-term borrowings		40,605		40,605		—		—		40,605
Other borrowings		6,206		—		—		6,326		6,326
Accrued interest payable		119		119		—		—		119
December 31, 2019
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