Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Quoted Prices in

Significant

Active Markets

Other

Significant

for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Dollars in thousands)

Amount

(Level 1)

(Level 2)

(Level 3)

December 31, 2024:

Securities available-for-sale:

Agency obligations 

$

52,411

—

52,411

—

Agency MBS

173,676

—

173,676

—

State and political subdivisions

16,925

—

16,925

—

Total securities available -for-sale

243,012

—

243,012

—

Total assets at fair value

$

243,012

—

243,012

—

December 31, 2023:

Securities available-for-sale:

Agency obligations 

$

53,879

—

53,879

—

Agency MBS

198,289

—

198,289

—

State and political subdivisions

18,742

—

18,742

—

Total securities available -for-sale

270,910

—

270,910

—

Total assets at fair value

$

270,910

—

270,910

—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Quoted Prices in

Active Markets

Other

Significant

for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Dollars in thousands)

Amount

(Level 1)

(Level 2)

(Level 3)

December 31, 2024:

Loans, net

(1)

$

503

—

—

503

Other assets

(2)

892

—

—

892

Total assets at fair value

$

1,395

—

—

1,395

December 31, 2023:

Loans, net

(1)

$

783

—

—

783

Other assets

(2)

992

—

—

992

Total assets at fair value

$

1,775

—

—

1,775

(1)

Loans considered collateral dependent under ASC 326.

(2)

Represents MSRs, net carried at lower of cost or estimated fair value.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Weighted

Carrying

Significant

Average

(Dollars in thousands)

Amount

Valuation Technique

 Unobservable Input

Range

of Input

December 31, 2024:

Collateral dependent loans

$

503

Appraisal

Appraisal discounts

10.0

-

10.0

%

10.0

%

Mortgage servicing rights, net

892

Discounted cash flow

Prepayment speed or CPR

6.7

-

11.2

%

7.3

%

Discount rate

10.0

-

12.0

%

10.0

%

December 31, 2023:

Collateral dependent loans

$

783

Appraisal

Appraisal discounts

10.0

-

10.0

%

10.0

%

Mortgage servicing rights, net

992

Discounted cash flow

Prepayment speed or CPR

5.9

-

10.6

%

6.0

%

Discount rate

10.5

-

12.5

%

10.5

%

Financial Instruments [Table Text Block]

Fair Value Hierarchy

Carrying 

Estimated

Level 1

Level 2

Level 3

(Dollars in thousands)

amount

fair value

inputs

inputs

Inputs

December 31, 2024:

Financial Assets:

Loans, net (1)

$

557,146

$

532,344

$

—

$

—

$

532,344

Financial Liabilities:

Time Deposits

$

191,247

$

190,363

$

—

$

190,363

$

—

December 31, 2023:

Financial Assets:

Loans, net (1)

$

550,431

$

526,372

$

—

$

—

$

526,372

Financial Liabilities:

Time Deposits

$

198,215

$

195,171

$

—

$

195,171

$

—

(1) Represents loans, net and the allowance for credit losses. The fair value of loans was measured using an exit price notion.