Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments

The fair values of the Company’s financial instruments not recorded at fair value on a recurring or nonrecurring basis are as follows at September 30, 2023 and December 31, 2022:

	Carrying		Fair		Fair Value Measurements at September 30, 2023
(In Thousands)	Value		Value		Level I		Level II		Level III
Financial assets:
Loans held for sale (1)	$	4,083	$	4,083	$	4,083	$	—	$	—
Loans, net	1,805,571		1,761,944		—		—		1,761,944
Financial liabilities:
Time deposits & brokered deposits	356,244		350,456		—		—		350,456
Short-term borrowings	193,746		193,746		193,746		—		—
Long-term borrowings	217,645		238,977		—		—		238,977

(1) The financial instrument is carried at cost at, September 30, 2023 which approximate the fair value of the instruments

	Carrying		Fair		Fair Value Measurements at December 31, 2022
(In Thousands)	Value		Value		Level I		Level II		Level III
Financial assets:
Loans held for sale (1)	$	3,298	$	3,298	$	3,298	$	—	$	—
Loans, net	1,624,094		1,594,073		—		—		1,594,073
Financial liabilities:
Time deposits & brokered deposits	146,282		137,559		—		—		137,559
Short-term borrowings	153,349		153,349		153,349		—		—
Long-term borrowings	102,783		99,118		—		—		99,118

(1) The financial instrument is carried at cost at, December 31, 2022 which approximate the fair value of the instruments