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Fair Value (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:
 Fair Value Measurements at December 31, 2023 Using
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable  Inputs
(Level 3)
Total
Assets:    
U.S. Treasury$ $ $ $ 
Obligations of State and Political Subdivisions 768,800 75 768,875 
MBS/CMO 644,056 984 645,040 
US Gov’t Sponsored Entities & Agencies 182,917  182,917 
Total Securities$ $1,595,773 $1,059 $1,596,832 
Loans Held-for-Sale$ $5,226 $ $5,226 
Derivative Assets$ $7,458 $ $7,458 
Derivative Liabilities$ $7,467 $ $7,467 
 Fair Value Measurements at December 31, 2022 Using
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable  Inputs
(Level 3)
Total
Assets:    
U.S. Treasury$64,119 $— $— $64,119 
Obligations of State and Political Subdivisions— 777,769 83 $777,852 
MBS/CMO— 713,775 906 $714,681 
US Gov’t Sponsored Entities & Agencies— 205,017 — 205,017 
Total Securities$64,119 $1,696,561 $989 $1,761,669 
Loans Held-for-Sale$— $8,600 $— $8,600 
Derivative Assets$— $9,899 $— $9,899 
Derivative Liabilities$— $9,749 $— $9,749 
Schedule of Aggregate Fair Value, Contractual Balance and Gains or Loss of Loans Held-for-Sale
As of December 31, 2023 and 2022, the aggregate fair value, contractual balance (including accrued interest), and gain or loss on Loans Held-for-Sale were as follows:
20232022
Aggregate Fair Value$5,226 $8,600 
Contractual Balance5,125 8,474 
Gain (Loss)101 126 
Schedule of Reconciliation of all Assets Measured at Fair Value on Recurring Basis, Using Significant Unobservable Inputs (Level 3)
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2023 and 2022:
 Obligations of State and Political SubdivisionsMBS/CMO
 2023202220232022
Balance of Recurring Level 3 Assets at January 1$83 $— $906 $— 
Total Gains (Losses) Included in Other Comprehensive Income(8)(17)78 (76)
Maturities / Calls —  — 
Acquired through Bank Acquisition 100  982 
Balance of Recurring Level 3 Assets at December 31$75 $83 $984 $906 
Schedule of Assets and Liabilities Measured at Fair Value on Non-Recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis are summarized below:
 Fair Value Measurements at December 31, 2023 Using
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:    
Individually Analyzed Loans    
Commercial and Industrial Loans$ $ $2,506 $2,506 
Commercial Real Estate Loans  3,447 3,447 
Agricultural Loans  2,395 2,395 
Consumer Loans  9 9 
Home Equity Loans  326 326 
Residential Mortgage Loans  450 450 

 Fair Value Measurements at December 31, 2022 Using
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:    
Individually Analyzed Loans    
Commercial and Industrial Loans$— $— $1,858 $1,858 
Commercial Real Estate Loans— — 10,040 10,040 
Agricultural Loans— — 2,970 2,970 
Consumer Loans— — 
Home Equity Loans— — 368 368 
Residential Mortgage Loans— — 718 718 
Schedule of Fair Value Assets and Liabilities Measured on Nonrecurring Basis Validation Techniques
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2023 and 2022:
December 31, 2023Fair ValueValuation Technique(s)Unobservable Input(s)Range (Weighted Average)
Individually Analyzed Loans - Commercial and Industrial Loans$2,506 Sales comparison approachAdjustment for physical condition of comparable properties sold
23% - 100%
(33%)
Individually Analyzed Loans - Commercial Real Estate Loans$3,447 Sales comparison approachAdjustment for physical condition of comparable properties sold
20% - 68%
(42%)
Individually Analyzed Loans - Agricultural Loans$2,395 Sales comparison approachAdjustment for physical condition of comparable properties sold
31% - 100%
(51%)
Individually Analyzed Loans - Consumer Loans$9 Sales comparison approachAdjustment for physical condition of comparable properties sold
20% - 20%
(20%)
Individually Analyzed Loans - Home Equity Loans$326 Sales comparison approachAdjustment for physical condition of comparable properties sold
20% - 20%
(20%)
Individually Analyzed Loans - Residential Mortgage Loans$450 Sales comparison approachAdjustment for physical condition of comparable properties sold
20% -20%
(20%)
December 31, 2022Fair ValueValuation Technique(s)Unobservable Input(s)Range (Weighted Average)
Individually Analyzed Loans - Commercial and Industrial Loans$1,858 Sales comparison approachAdjustment for physical condition of comparable properties sold
0% - 100%
(40%)
Individually Analyzed Loans - Commercial Real Estate Loans$10,040 Sales comparison approachAdjustment for physical condition of comparable properties sold
 30% - 100%
(37%)
Individually Analyzed Loans - Agricultural Loans$2,970 Sales comparison approachAdjustment for physical condition of comparable properties sold
30% - 100%
(48%)
Individually Analyzed Loans - Consumer Loans$Sales comparison approachAdjustment for physical condition of comparable properties sold
27% - 100%
(20%)
Individually Analyzed Loans - Home Equity Loans$368 Sales comparison approachAdjustment for physical condition of comparable properties sold
20% - 51%
(20%)
Individually Analyzed Loans - Residential Mortgage Loans$718 Sales comparison approachAdjustment for physical condition of comparable properties sold
20% - 100%
(21%)
Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments
The carrying amounts and estimated fair values of the Company’s financial instruments not previously presented are provided in the tables below for the periods ending December 31, 2023 and 2022. Not all of the Company’s assets and liabilities are considered financial instruments, and therefore are not included in the tables. Because no active market exists for a significant portion of the Company’s financial instruments, fair value estimates were based on subjective judgments, and therefore cannot be determined with precision.
Fair Value Measurements at
December 31, 2023 Using
 Carrying ValueLevel 1Level 2Level 3Total
Financial Assets:     
Cash and Short-term Investments$115,330 $78,805 $36,525 $ $115,330 
Interest Bearing Time Deposits with Banks500  500  500 
Loans, Net3,918,184   3,801,738 3,801,738 
Accrued Interest Receivable30,595  10,014 20,581 30,595 
Financial Liabilities: 
Demand, Savings, and Money Market Deposits(4,485,921)(4,485,921)  (4,485,921)
Time Deposits(767,042) (759,217) (759,217)
Short-term Borrowings(65,968)(25,000)(40,968) (65,968)
Long-term Debt(127,969) (52,522)(74,562)(127,084)
Accrued Interest Payable(7,073) (6,701)(372)(7,073)

Fair Value Measurements at
December 31, 2022 Using
 Carrying ValueLevel 1Level 2Level 3Total
Financial Assets:     
Cash and Short-term Investments$117,381 $75,476 $41,905 $— $117,381 
Interest Bearing Time Deposits with Banks500 — 500 — 500 
Loans, Net3,724,804 — — 3,688,903 3,688,903 
Accrued Interest Receivable27,741 38 10,863 16,840 27,741 
Financial Liabilities:
Demand, Savings, and Money Market Deposits(4,921,582)(4,921,582)— — (4,921,582)
Time Deposits(428,469)— (426,184)— (426,184)
Short-term Borrowings(101,161)(36,200)(64,961)— (101,161)
Long-term Debt(102,645)— (26,830)(72,272)(99,102)
Accrued Interest Payable(1,513)— (1,205)(308)(1,513)