Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023
Securities available-for-sale:
US treasuries and government agencies	$	-	$	133,385	$	-	$	133,385
States and political subdivisions		-		21,019		-		21,019
Mortgage-backed securities		-		180,056		-		180,056
December 31, 2022
Securities available-for-sale:
US treasuries and government agencies	$	-	$	140,682	$	-	$	140,682
States and political subdivisions		-		21,822		-		21,822
Mortgage-backed securities		-		201,822		-		201,822

Financial Instruments Measured At Fair Value On Nonrecurring Basis

(in thousands)		Level 1		Level 2		Level 3		Fair Value
September 30, 2023
Collateral dependent individually analyzed loans	$	-	$	-	$	1,244	$	1,244
December 31, 2022
Collateral dependent individually analyzed loans	$	-	$	-	$	1,170	$	1,170

Estimated Fair Values Of Financial Instruments

	September 30, 2023				December 31, 2022
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
		(in thousands)				(in thousands)
Financial assets:
Level 1:
Cash and cash equivalents	$	25,294	$	25,294	$	23,054	$	23,054
Level 2:
Available for sale securities		334,460		334,460		364,326		364,326
FHLB and FRB stock		6,440		N/A		13,511		N/A
Level 3:
Held to maturity securities		2,170		2,067		6,949		6,809
Loans, net		1,682,554		1,589,905		1,652,931		1,564,641
Financial liabilities:
Level 1:
Demand deposits	$	447,306	$	447,306	$	493,710	$	493,710
NOW deposits		324,219		324,219		273,359		273,359
Savings deposits		698,653		698,653		801,943		801,943
Level 2:
Securities sold under agreement to
repurchase		13,447		13,447		7,147		7,147
Other borrowed funds		151,252		150,581		193,001		192,443
Subordinated debt		31,152		30,086		31,075		30,263
Level 3:
Time deposits		335,228		332,792		202,667		199,910