Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables provide fair value information for assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021:

	March 31, 2022
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
U.S. Treasury	$	29,389	$	29,389	$	—	$	—
U.S. Government agencies		41,675		—		41,675		—
GSE - Mortgage-backed securities and CMO’s		117,076		—		117,076		—
Asset-backed securities		42,261		—		42,261		—
State and political subdivisions		84,074		—		84,074		—
Corporate bonds		7,793		—		7,793		—
Equity securities		383		383		—		—
Mortgage banking derivatives		1,485		—		1,216		269
Total assets at fair value on a recurring basis	$	324,136	$	29,772	$	294,095	$	269
Mortgage banking derivatives	$	—	$	—	$	—	$	—
Total liabilities at fair value on a recurring basis	$	—	$	—	$	—	$	—

	December 31, 2021
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Securities available for sale:
U.S. Treasury	$	26,381	$	26,381	$	—	$	—
U.S. Government agencies		39,812		—		39,812		—
GSE - Mortgage-backed securities and CMO’s		120,448		—		120,448		—
Asset-backed securities		44,198		—		44,198		—
State and political subdivisions		89,477		—		89,477		—
Corporate bonds		10,021		—		10,021		—
Equity securities		392		392		—		—
Mortgage banking derivatives		1,269		—		253		1,016
Total assets at fair value on a recurring basis	$	331,998	$	26,773	$	304,209	$	1,016
Mortgage banking derivatives	$	50	$	—	$	50	$	—
Total liabilities at fair value on a recurring basis	$	50	$	—	$	50	$	—

Schedule of Reconciliation for Recurring Level 3 Fair Value Measurements

The following table provides a rollforward for recurring Level 3 fair value measurements:

	March 31, 2022
	(dollars in thousands)
	Mortgage banking derivatives: Interest rate lock commitments			Total
Balance at December 31, 2021	$	1,016		$	1,016
Change in fair value:
Included in income from mortgage banking		(747	)		(747	)
Balance at March 31, 2022	$	269		$	269

Assets Measured at Fair Value on Nonrecurring Basis

Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2022 and December 31, 2021:

	March 31, 2022
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	3,247	$	—	$	—	$	3,247
Total assets at fair value on a nonrecurring basis	$	3,247	$	—	$	—	$	3,247

	December 31, 2021
	(dollars in thousands)
	Total		Level 1		Level 2		Level 3
Impaired loans	$	3,715	$	—	$	—	$	3,715
Total assets at fair value on a nonrecurring basis	$	3,715	$	—	$	—	$	3,715

Quantitative Information about Level 3 Fair Value Measurements

Quantitative Information about Level 3 Fair Value Measurements

March 31, 2022
	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts and Estimated costs to sell	0 – 25%
	Discounted cash flows	Discount rates	4%-8.75%

December 31, 2021
	Valuation Technique	Unobservable Input	General Range
Nonrecurring measurements:
Impaired loans	Discounted appraisals	Collateral discounts and Estimated costs to sell	0 – 25%
	Discounted cash flows	Discount rates	4%-8.75%