XML 59 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Financial Instruments, Owned, at Fair Value [Abstract]  
Schedule of summary of the carrying amounts and fair values of financial instruments
A summary of the carrying amounts and fair values of the Company's financial instruments at December 31, 2021 and 2020 is as follows:
December 31, 2021
Fair Value Measurements
December 31, 2021Quoted Prices
in Active
Markets for
Identical
Other
Observable
Net
Significant
Unobservable
(in thousands)Carrying
amount
Fair
value
Assets
(Level 1)
Inputs
(Level 2)
Inputs
(Level 3)
Assets:
Cash and due from banks$17,287 $17,287 $17,287 $— $— 
Federal funds sold and overnight interest-bearing deposits142,622 142,622 142,622 — — 
Certificates of deposit in other banks5,193 5,193 5,193 — — 
Available for sale securities310,870 310,870 3,917 306,953 — 
Other investment securities5,408 5,408 60 5,348 — 
Loans, net1,285,230 1,308,539 — — 1,308,539 
Loans held for sale2,249 2,249 — 2,249 — 
Cash surrender value - life insurance2,509 2,509 — 2,509 — 
Interest rate lock commitments312 312 — — 312 
Forward sale commitments12 12 — 12 — 
Accrued interest receivable6,621 6,621 6,621 — — 
Total$1,778,313 $1,801,622 $175,700 $317,071 $1,308,851 
Liabilities:
Deposits:
Non-interest bearing demand$453,066 $453,066 $453,066 $— $— 
Savings, interest checking and money market818,358 818,358 818,358 — — 
Time deposits245,396 246,025 — — 246,025 
Federal funds purchased and securities sold under agreements to repurchase23,829 23,829 23,829 — — 
Federal Home Loan Bank advances and other borrowings77,418 78,152 — 78,152 — 
Subordinated notes49,486 42,908 — 42,908 — 
Interest rate lock commitments26 26 — — 26 
Accrued interest payable282 282 282 — — 
Total$1,667,861 $1,662,646 $1,295,535 $121,060 $246,051 
December 31, 2020
Fair Value Measurements
December 31, 2020Quoted Prices
in Active
Markets for
Identical
Other
Observable
Net
Significant
Unobservable
(in thousands)Carrying
amount
Fair
value
Assets
(Level 1)
Inputs
(Level 2)
Inputs
(Level 3)
Assets:
Cash and due from banks$19,235 $19,235 $19,235 $— $— 
Federal funds sold and overnight interest-bearing deposits161,128 161,128 161,128 — — 
Certificates of deposit in other banks9,376 9,376 9,376 — — 
Available-for-sale securities198,030 198,030 2,798 195,232 — 
Other investment securities6,353 6,353 32 6,321 — 
Loans, net1,268,854 1,288,677 — — 1,288,677 
Loans held for sale5,099 5,279 — 5,279 — 
Cash surrender value - life insurance2,451 2,451 — 2,451 — 
Accrued interest receivable6,640 6,640 6,640 — — 
$1,677,166 $1,697,169 $199,209 $209,283 $1,288,677 
Liabilities:
Deposits:
Non-interest bearing demand$382,492 $382,492 $382,492 $— $— 
Savings, interest checking and money market723,808 723,808 723,808 — — 
Time deposits277,306 279,569 — — 279,569 
Federal funds purchased and securities sold under agreements to repurchase45,154 45,154 45,154 — — 
Federal Home Loan Bank advances and other borrowings106,674 110,121 — 110,121 — 
Subordinated notes49,486 40,929 — 40,929 — 
Accrued interest payable837 837 837 — — 
$1,585,757 $1,582,910 $1,152,291 $151,050 $279,569