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Fair Value Measurements And Fair Values Of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]  
Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis

(Dollars in thousands)

Fair Value at March 31, 2024

Asset Description

Level 1

Level 2

Level 3

Total

Equity securities, at fair value

$

386

$

—

$

—

$

386

Available for sale:

U.S. Treasury

73,110

—

—

73,110

Municipal

—

137,456

—

137,456

Corporate

—

23,452

—

23,452

Agency mortgage & asset-backed

—

128,326

—

128,326

Non-Agency mortgage & asset-backed

—

100,607

—

100,607

Total assets

$

73,496

$

389,841

$

—

$

463,337

(Dollars in thousands)

Fair Value at December 31, 2023

Asset Description

Level 1

Level 2

Level 3

Total

Equity securities, at fair value

$

427

$

—

$

—

$

427

Available for sale:

U.S. Treasury

74,091

—

—

74,091

Municipal

—

138,618

—

138,618

Corporate

—

23,198

—

23,198

Agency mortgage and asset-backed

—

132,591

—

132,591

Non-Agency mortgage and asset-backed

—

104,005

—

104,005

Total assets

$

74,518

$

398,412

$

—

$

472,930

Fair Value, By Balance Sheet Grouping

March 31, 2024

Carrying

Fair

(Dollars in thousands)

Amount

Value

Level 1

Level 2

Level 3

Financial assets, carried at cost:

Cash and cash equivalents

$

182,570

$

182,570

$

182,570

$

—

$

—

Long-term interest-earning deposits in other banks

3,989

3,989

3,989

—

—

Loans held for sale

281

281

—

281

—

Net loans

1,261,062

1,221,414

—

—

1,221,414

Accrued interest receivable

7,400

7,400

—

—

7,400

Financial liabilities:

Deposits

$

1,559,312

$

1,558,310

$

—

$

1,558,310

$

—

Federal Reserve Bank borrowings

40,000

39,886

39,886

FHLB advances

240,000

240,040

—

240,040

—

Subordinate notes

19,672

17,191

—

17,191

—

Accrued interest payable

4,211

4,211

—

4,211

—

December 31, 2023

Carrying

Fair

(Dollars in thousands)

Amount

Value

Level 1

Level 2

Level 3

Financial assets, carried at cost:

Cash and cash equivalents

$

23,140

$

23,140

$

23,140

$

—

$

—

Long-term interest-earning deposits in other banks

6,229

6,229

6,229

—

—

Loans held for sale

213

213

—

213

—

Net loans

1,240,933

1,207,403

—

—

1,207,403

Accrued interest receivable

7,506

7,506

—

—

7,506

Financial liabilities:

Deposits

$

1,537,978

$

1,537,480

$

—

$

1,537,480

$

—

Federal Reserve Bank Borrowings

90,000

89,783

89,783

FHLB Advances

40,000

40,110

40,110

Subordinate notes

19,661

18,303

—

18,303

—

Accrued interest payable

3,856

3,856

—

3,856

—