Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The fair values of recognized financial instruments as of September 30, 2020 and December 31, 2019 are as follows:

(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Fair Value
September 30, 2020
Financial assets
Cash and cash equivalents	$	198,144	$	198,144	$	—	$	—	$	198,144
Securities available-for-sale		112,279		1,015		111,264		—		112,279
Securities held-to-maturity		9,901		—		10,120		—		10,120
Equity securities		82		36		—		46		82
Restricted stock		4,614	NA		N/A		N/A		N/A
Loans held for sale		1,488		1,488		—		—		1,488
Net loans		619,729		—		—		618,607		618,607
Bank-owned life insurance		19,284		19,284		—		—		19,284
Accrued interest receivable		2,022		2,022		—		—		2,022
Mortgage servicing rights		430		—		—		430		430
Financial liabilities
Deposits	$	840,656	$	714,920	$	—	$	127,123	$	842,043
Short-term borrowings		41,645		41,645		—		—		41,645
Other borrowings		9,765		—		—		9,896		9,896
Accrued interest payable		93		93		—		—		93
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