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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Measurements [Abstract]  
Assets Measured at Fair Value on Recurring Basis

The following tables present the balances of certain assets measured at fair value on a recurring basis as of the dates indicated:

         
Fair Value Measurements at September 30, 2021 Using
  
(dollars in thousands)
  
Balance
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Unobservable
Inputs
(Level 3)
  
Available-for-sale securities
                        
U.S. Treasury securities
  
$
9,002
    
$
-
    
$
9,002
    
$
-
  
Obligations of  U.S. Government agencies
    
37,768
      
-
      
37,768
      
-
  
Obligations of state and political subdivisions
    
52,821
      
-
      
52,821
      
-
  
Mortgage-backed securities
    
85,913
      
-
      
85,913
      
-
  
Money market investments
    
3,799
      
-
      
3,799
      
-
  
Corporate bonds and other securities
    
23,137
      
-
      
23,137
      
-
  
Total available-for-sale securities
  
$
212,440
    
$
-
    
$
212,440
    
$
-
  

         
Fair Value Measurements at December 31, 2020 Using
  
(dollars in thousands)
  
Balance
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Unobservable
Inputs
(Level 3)
  
Available-for-sale securities
                        
U.S. Treasury securities
  
$
7,043
    
$
-
    
$
7,043
    
$
-
  
Obligations of  U.S. Government agencies
    
36,696
      
-
      
36,696
      
-
  
Obligations of state and political subdivisions
    
45,995
      
-
      
45,995
      
-
  
Mortgage-backed securities
    
73,501
      
-
      
73,501
      
-
  
Money market investments
    
4,743
      
-
      
4,743
      
-
  
Corporate bonds and other securities
    
18,431
      
-
      
18,431
      
-
  
Total available-for-sale securities
  
$
186,409
    
$
-
    
$
186,409
    
$
-
  
Assets Measured at Fair Value on Nonrecurring Basis
The following table presents the assets carried in the consolidated balance sheets for which a nonrecurring change in fair value has been recorded. Assets are shown by class of loan and by level in the fair value hierarchy, as of the dates indicated. Certain impaired loans are valued by the present value of the loan’s expected future cash flows, discounted at the loan’s effective interest rate rather than at a market rate. These loans are not carried in the consolidated balance sheets at fair value and, as such, are not included in the tables below.

         
Carrying Value at September 30, 2021
  
(dollars in thousands)
  
Fair Value
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Unobservable
Inputs
(Level 3)
  
Loans
                        
Loans held for sale
  
$
5,740
    
$
-
    
$
5,740
    
$
-
  


         
Carrying Value at December 31, 2020
  
(dollars in thousands)
  
Fair Value
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Unobservable
Inputs
(Level 3)
  
Loans
                        
Loans held for sale
  
$
14,413
    
$
-
    
$
14,413
    
$
-
  
Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments

The estimated fair values, and related carrying or notional amounts, of the Company's financial instruments as of the dates indicated are as follows:

         
Fair Value Measurements at September 30, 2021 Using
  
(dollars in thousands)
  
Carrying Value
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Unobservable
Inputs
(Level 3)
  
Assets
                        
Cash and cash equivalents
  
$
184,304
    
$
184,304
    
$
-
    
$
-
  
Securities available-for-sale
    
212,440
      
-
      
212,440
      
-
  
Restricted securities
    
1,034
      
-
      
1,034
      
-
  
Loans held for sale
    
5,740
      
-
      
5,740
      
-
  
Loans, net of allowances for loan losses
    
830,467
      
-
      
-
      
831,464
  
Bank owned life insurance
    
29,012
      
-
      
29,012
      
-
  
Accrued interest receivable
    
3,308
      
-
      
3,308
      
-
  
                                 
Liabilities
                                
Deposits
  
$
1,150,706
    
$
-
    
$
1,153,293
    
$
-
  
Overnight repurchase agreements
    
4,496
      
-
      
4,496
      
-
  
Federal Reserve Bank borrowings
    
898
      
-
      
898
      
-
  
Long term borrowings
     29,374
       -
       29,424
       -
  
Accrued interest payable
    
456
      
-
      
456
      
-
  

         
Fair Value Measurements at December 31, 2020 Using
  
(dollars in thousands)
  
Carrying Value
    
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
    
Significant
Other
Observable
Inputs
(Level 2)
    
Significant
Unobservable
Inputs
(Level 3)
  
Assets
                        
Cash and cash equivalents
  
$
120,437
    
$
120,437
    
$
-
    
$
-
  
Securities available-for-sale
    
186,409
      
-
      
186,409
      
-
  
Restricted securities
    
1,367
      
-
      
1,367
      
-
  
Loans held for sale
    
14,413
      
-
      
14,413
      
-
  
Loans, net of allowances for loan losses
    
826,759
      
-
      
-
      
826,083
  
Bank owned life insurance
    
28,386
      
-
      
28,386
      
-
  
Accrued interest receivable
    
3,613
      
-
      
3,613
      
-
  
                                 
Liabilities
                                
Deposits
  
$
1,067,236
    
$
-
    
$
1,070,236
    
$
-
  
Overnight repurchase agreements
    
6,619
      
-
      
6,619
      
-
  
Federal Reserve Bank borrowings
    
28,550
      
-
      
28,550
      
-
  
Other borrowings
    
1,350
      
-
      
1,350
      
-
  
Accrued interest payable
    
384
      
-
      
384
      
-