Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Investments, All Other Investments [Abstract]

Schedule of Estimated Fair Values and Carrying Values of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at December 31, 2023 were as follows:

			Fair Value Measurements at December 31, 2023 Using
(in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total
Assets
Cash and due from banks	$	286,114	$	286,114	$	—	$	—	$	286,114
Federal funds sold	341		341		—		—		341
Securities, available for sale	83,485		49,830		23,172		10,483		83,485
Securities, held for maturity	320,638		—		253,584		—		253,584
Loans, net	2,717,782		—		—		2,581,979		2,581,979
Cash surrender value of BOLI	5,861		—		—		5,861		5,861
Accrued interest receivable	15,713		—		—		15,713		15,713
Liabilities
Deposits	$	3,009,094	$	—	$	—	$	3,001,498	3,001,498
Short-term advances from Federal Home Loan Bank	50,000		—		—		50,000		50,000
Short-term borrowings	10,000		—		—		10,000		10,000
Repurchase agreements	6,297		—		—		6,285		6,285
Accrued interest payable	11,807		—		—		11,807		11,807
Long-term advances from Federal Home Loan Bank	155,000		—		—		152,299		152,299
Senior long-term debt	39,099		—		—		39,304		39,304
Junior subordinated debentures	15,000		—		—		15,000		15,000

The carrying amounts and estimated fair values of financial instruments at December 31, 2022 were as follows:

			Fair Value Measurements at December 31, 2022 Using
(in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total
Assets
Cash and due from banks	$	82,796	$	82,796	$	—	$	—	$	82,796
Federal funds sold	423		423		—		—		423
Securities, available for sale	131,458		98,466		21,890		11,102		131,458
Securities, held for maturity	320,068		—		242,560		—		242,560
Loans, net	2,495,559		—		—		2,404,402		2,404,402
Cash surrender value of BOLI	5,712		—		—		5,712		5,712
Accrued interest receivable	13,002		—		—		13,002		13,002
Liabilities
Deposits	$	2,723,792	$	—	$	—	$	2,717,471	2,717,471
Short-term advances from Federal Home Loan Bank	120,000		—		—		120,000		120,000
Short-term borrowings	20,000		—		—		20,000		20,000
Repurchase agreements	6,442		—		—		6,509		6,509
Accrued interest payable	4,289		—		—		4,289		4,289
Long-term advances from Federal Home Loan Bank	—		—		—		—		—
Senior long-term debt	21,927		—		—		21,938		21,938
Junior subordinated debentures	15,000		—		—		15,000		15,000