Fair Value Presentation (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Presentation [Abstract]

Schedule of Assets Measured on A Recurring Basis

ASSETS MEASURED ON A RECURRING BASIS

	June 30, 2023
	Level I		Level II		Level III		Total
	$		$		$		$
U.S. treasuries		17,765		—		—		17,765
U.S. government agencies		—		16,988		—		16,988
U.S. agency mortgage-backed securities		—		42,506		—		42,506
U.S. agency collateralized mortgage obligations		—		20,644		—		20,644
Non-agency MBS/CMO		—		50,152		—		50,152
Asset-backed securities		—		68,541		—		68,541
Corporate bonds		—		54,076		—		54,076
Obligations of states & political subdivisions		—		185,332		—		185,332
Equity securities		9,019		—		—		9,019
Total securities		26,784		438,239		—		465,023

	December 31, 2022
	Level I		Level II		Level III		Total
	$		$		$		$
U.S. Treasuries		32,657		—				32,657
U.S. government agencies		—		24,787		—		24,787
U.S. agency mortgage-backed securities		—		45,307		—		45,307
U.S. agency collateralized mortgage obligations		—		27,490		—		27,490
Non-agency MBS/CMO				50,250		—		50,250
Asset-backed securities		—		73,234		—		73,234
Corporate bonds		—		69,631		—		69,631
Obligations of states & political subdivisions		—		205,786		—		205,786
Equity securities		9,118		—		—		9,118
Total securities		41,775		496,485		—		538,260

Schedule of Financial Instruments not Required to be Measured or Reported at Fair Value

ASSETS MEASURED ON A NONRECURRING BASIS

	June 30, 2023
	Level I		Level II		Level III		Total
	$		$		$		$
Assets:
Individually analyzed loans	$	—	$	—	$	3,318	$	3,318
Total	$	—	$	—	$	3,318	$	3,318

	December 31, 2022
	Level I		Level II		Level III		Total
	$		$		$		$
Assets:
Impaired Loans	$	—	$	—	$	4,620	$	4,620
Total	$	—	$	—	$	4,620	$	4,620

Schedule of Level III Fair Value Measurements

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized level III inputs to determine fair value:

	June 30, 2023
	Fair Value	Valuation	Unobservable	Range
	Estimate	Techniques	Input	(Weighted Avg)
Individually analyzed loans	3,318	Appraisal of collateral (1)	Appraisal adjustments (2)	0% to -20% (-20%)
			Liquidation expenses (2)	0% to -10% (-10%)

	December 31, 2022
	Fair Value	Valuation	Unobservable	Range
	Estimate	Techniques	Input	(Weighted Avg)
Impaired loans	4,620	Appraisal of collateral (1)	Appraisal adjustments (2)	0% to -20% (-20%)
			Liquidation expenses (2)	0% to -10% (-10%)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level III inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Schedule of Financial Instruments not Required to be Measured or Reported at Fair Value

FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

	June 30, 2023
					Quoted Prices in
					Active Markets		Significant Other		Significant
					for Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level II)		(Level III)
	$		$		$		$		$
Financial Assets:
Cash and cash equivalents		61,081		61,081		61,081		—		—
Regulatory stock		7,843		7,843		7,843		—		—
Loans held for sale		652		652		652		—		—
Loans, net of allowance		1,279,669		1,213,305		—		—		1,213,305
Mortgage servicing assets		2,052		2,880		—		—		2,880
Accrued interest receivable		6,249		6,249		6,249		—		—
Bank owned life insurance		35,197		35,197		35,197		—		—
Financial Liabilities:
Demand deposits		634,360		634,360		634,360		—		—
Interest-bearing demand deposits		220,949		220,949		220,949		—		—
NOW accounts		109,257		109,257		109,257		—		—
Money market deposit accounts		164,431		164,431		164,431		—		—
Savings accounts		342,422		342,422		342,422		—		—
Time deposits		184,532		180,390		—		—		180,390
Total deposits		1,655,951		1,651,809		1,471,419		—		180,390
Long-term debt		91,717		90,066		—		—		90,066
Subordinated debt		39,476		33,447		—		—		33,447
Accrued interest payable		1,169		1,169		1,169		—		—

	December 31, 2022
					Quoted Prices in
					Active Markets		Significant Other		Significant
					for Identical		Observable		Unobservable
	Carrying				Assets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level II)		(Level III)
	$		$		$		$		$
Financial Assets:
Cash and cash equivalents		37,572		37,572		37,572		—		—
Regulatory stock		6,670		6,670		6,670		—		—
Loans held for sale		5,927		5,927		5,927		—		—
Loans, net of allowance		1,176,966		1,112,400		—		—		1,112,400
Mortgage servicing assets		2,030		2,894		—		—		2,894
Accrued interest receivable		6,249		6,249		6,249		—		—
Bank owned life insurance		34,805		34,805		34,805		—		—
Financial Liabilities:
Demand deposits		672,342		672,342		672,342		—		—
Interest-bearing demand deposits		164,208		164,208		164,208		—		—
NOW accounts		139,846		139,846		139,846		—		—
Money market deposit accounts		163,836		163,836		163,836		—		—
Savings accounts		364,897		364,897		364,897		—		—
Time deposits		133,829		129,422		—		—		129,422
Total deposits		1,638,958		1,634,551		1,505,129		—		129,422
Short-term debt		16,000		15,721						15,721
Long-term debt		58,039		56,431		—		—		56,431
Subordinated debt		39,396		35,975		—		—		35,975
Accrued interest payable		597		597		597		—		—