FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Fair Values of Financial Instruments

The fair values of the Corporation’s financial instruments not required to be measured or reported at fair value are as follows at December 31, 2023 and 2022:


					Fair Value Measurements at December 31, 2023
(In Thousands)	Carrying Value		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Financial assets:






Loans held for sale	$	3,993	$	3,993	$	3,993	$	—	$	—
Loans, net	1,828,318		1,806,044		—		—		1,806,044



Financial liabilities:
Time deposits	$	384,792	$	382,139	$	—	$	—	$	382,139

Short-term borrowings	145,926		145,926		145,926		—		—
Long-term borrowings	252,598		251,570		—		—		251,570


					Fair Value Measurements at December 31, 2022
(In Thousands)	Carrying Value		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level I)		Significant Other Observable Inputs (Level II)		Significant Unobservable Inputs (Level III)
Financial assets:






Loans held for sale	$	3,298	$	3,298	$	3,298	$	—	$	—
Loans, net	1,624,094		1,594,073		—		—		1,594,073



Financial liabilities:
Time 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