Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Investments All Other Investments [Abstract]

Schedule of Estimated Fair Values of Recognized Financial Instruments

The fair values of recognized financial instruments as of June 30, 2021 and December 31, 2020 are as follows:

(Dollars in thousands)	Carrying Value		Level I		Level II		Level III		Fair Value
June 30, 2021
Financial assets
Cash and cash equivalents	$	312,344	$	312,344	$	—	$	—	$	312,344
Securities held-to-maturity		24,878		—		25,003		—		25,003
Restricted stock		4,614	N/A		N/A		N/A		N/A
Loans held for sale		1,465		1,465		—		—		1,465
Net loans		544,155		—		—		548,622		548,622
Bank-owned life insurance		23,710		23,710		—		—		23,710
Accrued interest receivable		1,659		1,659		—		—		1,659
Mortgage servicing rights		561		—		—		561		561
Financial liabilities
Deposits	$	986,668	$	861,672	$	—	$	125,568	$	987,240
Short-term borrowings		38,475		38,475		—		—		38,475
Other borrowings		3,570		—		—		3,640		3,640
Accrued interest payable		69		69		—		—		69
December 31, 2020
Financial assets
Cash and cash equivalents	$	181,652	$	181,652	$	—	$	—	$	181,652
Securities held-to-maturity		9,045		—		9,225		—		9,225
Restricted stock		4,614	N/A		N/A		N/A		N/A
Loans held for sale		1,378		1,378		—		—		1,378
Net loans		600,885		—		—		598,583		598,583
Bank-owned life insurance		21,416		21,416		—		—		21,416
Accrued interest receivable		2,159		2,159		—		—		2,159
Mortgage servicing rights		488		—		—		488		488
Financial liabilities
Deposits	$	891,562	$	768,230	$	—	$	124,127	$	892,357
Short-term borrowings		37,215		37,215		—		—		37,215
Other borrowings		4,664		—		—		4,775		4,775
Accrued interest payable		90		90		—		—		90