Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurement [Abstract]

Financial Instruments Measured At Fair Value On Recurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
September 30, 2022
Securities available-for-sale:
US treasuries and government agencies	$	-	$	141,064	$	-	$	141,064
States and political subdivisions		-		21,854		-		21,854
Mortgage-backed securities		-		206,223		-		206,223
December 31, 2021
Securities available-for-sale:
US treasuries and government agencies	$	-	$	96,818	$	-	$	96,818
States and political subdivisions		-		6,246		-		6,246
Mortgage-backed securities		-		202,895		-		202,895

Financial Instruments Measured At Fair Value On Nonrecurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
September 30, 2022
Collateral dependent impaired loans	$	-	$	-	$	1,146	$	1,146
December 31, 2021
Collateral dependent impaired loans	$	-	$	-	$	4,608	$	4,608

Estimated Fair Values Of Financial Instruments

	September 30, 2022				December 31, 2021
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
		(in thousands)				(in thousands)
Financial assets:
Level 1:
Cash and cash equivalents	$	21,207	$	21,207	$	244,785	$	244,785
Level 2:
Available for sale securities		369,141		369,141		305,959		305,959
FHLB and FRB stock		6,730		N/A		6,084		N/A
Level 3:
Held to maturity securities		7,572		7,413		3,165		3,179
Loans, net		1,607,827		1,518,516		1,553,467		1,573,420
Financial liabilities:
Level 1:
Demand deposits	$	558,805	$	558,805	$	492,864	$	492,864
NOW deposits		263,648		263,648		259,908		259,908
Savings deposits		913,383		913,383		1,019,925		1,019,925
Level 2:
Securities sold under agreement to
repurchase		9,812		9,812		4,112		4,112
Other borrowed funds		42,594		41,902		32,879		32,990
Subordinated debt		31,050		30,906		30,974		32,111
Level 3:
Time deposits		137,910		135,710		164,340		164,574