Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Values Of Financial Instruments [Abstract]

Schedule of estimated fair values of financial instruments

	December 31, 2020				December 31, 2019
(dollars in thousands)	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and due from banks	$	2,117	$	2,117	$	2,420	$	2,420
Interest-bearing deposits in other financial institutions		29,730		29,730		10,017		10,017
Federal funds sold		5,246		5,246		853		853
Investment securities available for sale		114,049		114,049		71,486		71,486
Investments in restricted stock		1,199		1,199		1,437		1,437
Ground rents		140		140		143		143
Loans, less allowance for credit losses		252,296		253,946		282,672		282,583
Accrued interest receivable		1,302		1,302		961		961
Cash value of life insurance		8,181		8,181		8,023		8,023
Financial liabilities:
Deposits		349,620		350,666		321,440		300,944
Short-term borrowings		29,912		29,935		25,000		25,386
Accrued interest payable		16		16		100		100
Unrecognized financial instruments:
Commitments to extend credit		31,561		31,561		26,297		26,297
Standby letters of credit		1,044		1,044		1,059		1,059

Schedule of fair value hierarchy of financial instruments

(dollars in thousands)
	Carrying		Fair
December 31, 2020	Amount		Value		Level 1		Level 2	Level 3
Financial instruments - Assets
Cash and cash equivalents	$	37,093	$	37,093	$	37,093	—	$	—
Loans receivable, net		252,296		253,946		—	—		253,946
Cash value of life insurance		8,181		8,181		—	8,181		—
Financial instruments - Liabilities
Deposits		349,620		350,666		217,898	132,768		—
Short-term debt		29,912		29,935		—	29,935		—