Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2020

Financial Instruments Measured At Fair Value On Recurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
March 31, 2020
Securities available-for-sale:
US government agencies	$	-	$	34,906	$	-	$	34,906
States and political subdivisions		-		3,337		-		3,337
Mortgage-backed securities		-		120,948		-		120,948
Mortgage servicing rights		-		-		485		485
December 31, 2019
Securities available-for-sale:
US government agencies	$	-	$	28,155	$	-	$	28,155
States and political subdivisions		-		3,351		-		3,351
Mortgage-backed securities		-		96,416		-		96,416
Mortgage servicing rights		-		-		555		555

Quantitative Information About Significant Unobservable Inputs For MSRs

	March 31, 2020		December 31, 2019
Servicing fees	0.25	%	0.25	%
Discount rate	9.00	%	9.00	%
Prepayment rate (CPR)	8.75	%	8.21	%

Financial Instruments Measured At Fair Value On Nonrecurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
March 31, 2020
Collateral dependent impaired loans	$	-	$	-	$	17,263	$	17,263
December 31, 2019
Collateral dependent impaired loans	$	-	$	-	$	15,735	$	15,735

Estimated Fair Values Of Financial Instruments

	March 31, 2020				December 31, 2019
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
		(in thousands)				(in thousands)
Financial assets:
Level 1:
Cash and cash equivalents	$	51,968	$	51,968	$	38,857	$	38,857
Level 2:
Available for sale securities		159,191		159,191		127,922		127,922
FHLB and FRB stock		3,549		N/A		3,544		N/A
Level 3:
Held to maturity securities		2,847		2,963		2,386		2,392
Loans, net		1,228,049		1,258,020		1,211,356		1,222,386
Mortgage servicing rights		485		485		555		555
Financial liabilities:
Level 1:
Demand deposits	$	273,623	$	273,623	$	263,717	$	263,717
NOW deposits		159,223		159,223		140,654		140,654
Savings deposits		625,773		625,773		587,142		587,142
Level 2:
Securities sold under agreement to
repurchase		2,572		2,572		2,425		2,425
Other borrowed funds		10,000		10,002		10,000		9,997
Junior subordinated debentures		11,330		11,330		11,330		11,330
Level 3:
Time deposits		268,978		271,259		275,927		277,051

Mortgage Servicing Rights [Member]

Summary Of Changes In Fair Value At Level 3

	Three months ended March 31,
(in thousands)	2020		2019
Mortgage servicing rights - January 1	$	555	$	609
Gains/(Losses) included in earnings		(103)		(40)
Additions from loan sales		33		18
Mortgage servicing rights - March 31	$	485	$	587