Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Recurring Basis

Assets measured at fair value on a recurring basis at June 30, 2023 and December 31, 2022, segregated by fair value hierarchy level, are summarized below:

	Fair Value Measurements
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2023:	(Dollars in thousands)
Debt securities AFS:
U.S. Government-sponsored enterprises	$	38,868	$	2,569	$	36,299	$	—
Agency mortgage-backed	157,340		—		157,340		—
State and political subdivisions	65,229		—		65,229		—
Corporate	6,100		—		6,100		—
Total debt securities	$	267,537	$	2,569	$	264,968	$	—
Other investments:
Mutual funds	$	1,378	$	1,378	$	—	$	—
December 31, 2022:
Debt securities AFS:
U.S. Government-sponsored enterprises	$	39,245	$	2,551	$	36,694	$	—
Agency mortgage-backed	164,432		—		164,432		—
State and political subdivisions	40,466		—		40,466		—
Corporate	6,124		—		6,124		—
Total debt securities	$	250,267	$	2,551	$	247,716	$	—
Other investments:
Mutual funds	$	1,264	$	1,264	$	—	$	—

Schedule of Fair Values and Carrying Amounts, Significant Financial Instruments

As of the balance sheet dates, the estimated fair values and related carrying amounts of the Company's significant financial instruments were as follows:

	June 30, 2023
	Fair Value Measurements
	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Financial assets
Cash and cash equivalents	$	35,803	$	35,803	$	35,803	$	—	$	—
Interest bearing deposits in banks	15,183		15,183		—		15,183		—
Investment securities	268,915		268,915		3,947		264,968		—
Loans held for sale	3,145		3,192		—		3,192		—
Loans, net
Residential real estate	379,023		343,012		—		—		343,012
Construction real estate	98,981		96,915		—		—		96,915
Commercial real estate	386,655		361,177		—		—		361,177
Commercial	40,967		37,776		—		—		37,776
Consumer	2,571		2,522		—		—		2,522
Municipal	22,115		20,801		—		—		20,801
Accrued interest receivable	3,801		3,801		—		1,385		2,416
Nonmarketable equity securities	5,694		N/A		N/A		N/A		N/A
Financial liabilities
Deposits
Noninterest bearing	$	238,636	$	238,636	$	238,636	$	—	$	—
Interest bearing	633,019		633,019		633,019		—		—
Time	252,031		248,386		—		248,386		—
Borrowed funds
Short-term	25,200		25,114		—		25,114		—
Long-term	95,349		95,028		—		95,028		—
Subordinated notes	16,222		13,951		—		13,951		—
Accrued interest payable	977		977		—		977		—

	December 31, 2022
	Fair Value Measurements
	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(Dollars in thousands)
Financial assets
Cash and cash equivalents	$	37,885	$	37,885	$	37,885	$	—	$	—
Interest bearing deposits in banks	16,428		16,428		—		16,428		—
Investment securities	251,531		251,531		3,815		247,716		—
Loans held for sale	1,178		1,202		—		1,202		—
Loans, net
Residential real estate	350,507		319,066		—		—		319,066
Construction real estate	95,723		94,231		—		—		94,231
Commercial real estate	373,990		358,897		—		—		358,897
Commercial	40,729		38,588		—		—		38,588
Consumer	2,197		2,161		—		—		2,161
Municipal	88,008		86,306		—		—		86,306
Accrued interest receivable	4,163		4,163		—		1,014		3,149
Nonmarketable equity securities	2,816		N/A		N/A		N/A		N/A
Financial liabilities
Deposits
Noninterest bearing	$	286,145	$	286,145	$	286,145	$	—	$	—
Interest bearing	762,722		762,722		762,722		—		—
Time	153,045		149,166		—		149,166		—
Short-term borrowed funds	50,000		49,997		—		49,997		—
Subordinated notes	16,205		14,037		—		14,037		—
Accrued interest payable	354		354		—		354		—