Fair Value (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a Recurring Basis

Assets measured at fair value on a recurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value:

			Recurring Fair Value Measurements Using
	December 31, 2022		Level 1		Level 2		Level 3
Marketable equity securities	$	2,924	$	2,924	$	—	$	—
Securities available-for-sale:
U.S. Treasury notes		26,627		—		26,627		—
Obligations of states and political subdivisions		17,656		—		17,656		—
Government-sponsored mortgage-backed securities		64,267		—		64,267		—
Asset-backed securities		4,517		—		4,517		—
Certificates of deposit		1,425		—		1,425		—
Total	$	117,416	$	2,924	$	114,492	$	—
			Recurring Fair Value Measurements Using
	December 31, 2021		Level 1		Level 2		Level 3
Marketable equity securities	$	3,544	$	3,544	$	—	$	—
Securities available-for-sale:
U.S. Treasury notes		19,484		—		19,484		—
Obligations of states and political subdivisions		20,760		—		20,760		—
Government-sponsored mortgage-backed securities		64,149		—		64,149		—
Asset-backed securities		6,523		—		6,523		—
Certificates of deposit		1,524		—		1,524		—
Total	$	115,984	$	3,544	$	112,440	$	—

Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements

For Level 3 assets measured at fair value on a nonrecurring basis, the significant unobservable inputs used in the fair value measurements were as follows:

					Significant Unobservable Input Value
	Fair Value at December 31, 2022		Valuation Technique	Significant Unobservable Input(s)	Minimum Value			Maximum Value
Rate lock commitments		6	Pricing model	Pull through rate		75.0	%		100.0	%
Mortgage servicing rights		3,376	Pricing models	Prepayment rate		7.0	%		33.9	%
				Discount rate		10.0	%		13.0	%
				Cost to service	$	72.00		$	83.00

Summary of Carrying Values and Estimated Fair Values of Financial Instruments

The carrying value and estimated fair value of financial instruments follow:

	December 31, 2022
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	28,344	$	28,344	$	—	$	—
Available for sale securities		114,492		—		114,492		—
Marketable equity securities		2,924		2,924		—		—
Loans held for sale		125		—		125		—
Loans		359,574		—		—		335,987
Rate lock commitments		6		—		—		6
Accrued interest receivable		1,257		1,257		—		—
Federal Home Loan Bank Stock		3,429		—		—		3,429
Cash value of life insurance		14,316		—		—		14,316
Financial liabilities:
Deposits		387,721		308,162		—		78,418
Advance payments by borrowers for taxes and insurance		1,029		1,029		—		—
Federal Home Loan Bank advances		71,464		—		—		69,633
Accrued interest payable		291		291		—		—
	December 31, 2021
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	66,803	$	66,803	$	—	$	—
Available for sale securities		112,440		—		112,440		—
Marketable equity securities		3,544		3,544		—		—
Loans held for sale		1,183		—		1,183		—
Loans		323,789		—		—		323,182
Rate lock commitments		30		—		—		30
Accrued interest receivable		948		948		—		—
Federal Home Loan Bank Stock		3,032		—		—		3,032
Cash value of life insurance		13,892		—		—		13,892
Financial liabilities:
Deposits		384,501		303,908		—		80,473
Advance payments by borrowers for taxes and insurance		1,860		1,860		—		—
Federal Home Loan Bank advances		55,442		—		—		55,981
Accrued interest payable		109		109		—		—