Fair Value Measurements And Fair Values Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2024
Asset Description	Level 1		Level 2		Level 3		Total
Equity securities, at fair value	$	655	$	—	$	—	$	655
Available for sale:
U.S. Treasury		75,688		—		—		75,688
Municipal		—		139,722		—		139,722
Corporate		—		24,321		—		24,321
Agency mortgage & asset-backed		—		120,702		—		120,702
Non-Agency mortgage & asset-backed		—		106,052		—		106,052
Total assets	$	76,343	$	390,797	$	—	$	467,140

(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

Schedule Of Fair Value On A Nonrecurring Basis

(Dollars in Thousands)	Fair Value at September 30, 2024
Asset Description	Level 1		Level 2		Level 3		Total
Collateral Dependent	$	—	$	—	$	103	$	103
Total assets	$	—	$	—	$	103	$	103

x
(Dollars in Thousands)	Fair Value at December 31, 2023
Asset Description	Level 1		Level 2		Level 3		Total
Collateral Dependent	$	—	$	—	$	—	$	—
Total assets	$	—	$	—	$	—	$	—

Fair Value Inputs, Assets, Quantitative Information

(Dollars in thousands)					Range
September 30, 2024		Fair Value	Valuation Technique	Unobservable Input	(Weighted Average)
Collateral Dependent	$	103	Appraisal	Appraisal Adjustment on:
				Non-real estate assets	56% - 100% (70%)
				Cost to sell	12%

Fair Value, By Balance Sheet Grouping

	September 30, 2024
	Carrying		Fair
(Dollars in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	236,317	$	236,317	$	236,317	$	—	$	—
Long-term interest-earning deposits in other banks		1,749		1,749		1,749		—		—
Loans held for sale		2,725		2,763		—		2,763		—
Net loans		1,348,386		1,333,781		—		—		1,333,781
Accrued interest receivable		7,109		7,109		—		—		7,109
Financial liabilities:
Deposits	$	1,723,491	$	1,724,477	$	—	$	1,724,477	$	—
Federal Reserve Bank borrowings		40,000		40,002				40,002
FHLB advances		200,000		203,686		—		203,686		—
Subordinate notes		19,691		18,012		—		18,012		—
Accrued interest payable		5,497		5,497		—		5,497		—
	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		—