Disclosures About Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Disclosures about Fair Value of Assets and Liabilities [Abstract]

Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2024 and December 31, 2023 (dollars in thousands):

	Fair Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2024
Asset retirement obligations	$	286	$	-	$	-	$	286
December 31, 2023
Collateral-dependent loans	$	16,370	$	-	$	-	$	16,370
Asset retirement obligations		361		-		-		361

Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements(dollars in thousands):

			Valuation	Unobservable
	Fair Value		Technique	Inputs
September 30, 2024
Asset retirement obligations	$	286	Expected present value	Plugging and abandonment expense
December 31, 2023
Collateral-dependent loans	$	16,370	Estimated cash to be received pending resolution of bankruptcy proceedings	Estimated cost to sell
Asset retirement obligations		361	Expected present value	Plugging and abandonment expense

Estimated Fair Value of Financial Instruments Not Recorded at Fair Value

The following table presents estimated fair values of the Company’s financial instruments not recorded at fair value at September 30, 2024 and December 31, 2023 (dollars in thousands):

	Carrying		Fair Value Measurements
	Amount		Level 1		Level 2		Level 3		Total
September 30, 2024
Financial Assets
Cash and due from banks	$	186,720	$	186,720	$	-	$	-	$	186,720
Interest-bearing time deposits in other banks		8,715		-		8,715		-		8,715
Loans, net of allowance		1,419,671		-		1,417,887		-		1,417,887
Nonmarketable equity securities		1,278		-		1,278		-		1,278
Interest receivable and other assets		32,407		-		18,793		13,614		32,407
Financial Liabilities
Deposits	$	1,524,216	$	-	$	1,524,008	$	-	$	1,524,008
Interest payable and other liabilities		11,637		-		10,833		804		11,637
December 31, 2023
Financial Assets
Cash and due from banks	$	181,042	$	181,042	$	-	$	-	$	181,042
Interest-bearing time deposits in other banks		17,679		-		17,679		-		17,679
Loans, net of allowance		1,341,148		-		1,321,413		16,370		1,337,783
Loans held for sale		718		-		718		-		718
Nonmarketable equity securities		1,283		-		1,283		-		1,283
Interest receivable and other assets		35,878		-		19,211		16,667		35,878
Financial Liabilities
Deposits	$	1,591,391	$	-	$	1,590,295	$	-	$	1,590,295
Interest payable and other liabilities		9,647		-		8,335		1,312		9,647