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Fair Value Of Assets And Liabilities (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Of Assets And Liabilities [Abstract]  
Financial Instruments Measured At Fair Value On Recurring Basis

(in thousands)

Level 1

Level 2

Level 3

Fair Value

December 31, 2023

Securities available-for-sale:

US treasuries and government agencies

$

-

$

96,240

$

-

$

96,240

States and political subdivisions

-

6,029

-

6,029

Mortgage-backed securities

-

173,411

-

173,411

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

December 31, 2023

Collateral dependent individually analyzed loans

$

-

$

-

$

7,147

$

7,147

December 31, 2022

Collateral dependent individually analyzed loans

$

-

$

-

$

1,170

$

1,170

Estimated Fair Values Of Financial Instruments

December 31, 2023

December 31, 2022

Carrying

Fair

Carrying

Fair

Amount

Value

Amount

Value

(in thousands)

(in thousands)

Financial assets:

Level 1:

Cash and cash equivalents

$

23,467

$

23,467

$

23,054

$

23,054

Level 2:

Available for sale securities

275,680

275,680

364,326

364,326

FHLB and FRB stock

8,011

N/A

13,511

N/A

Level 3:

Held to maturity securities

2,059

1,988

6,949

6,809

Loans, net

1,698,832

1,606,666

1,652,931

1,564,641

Financial liabilities:

Level 1:

Demand deposits

$

390,238

$

390,238

$

493,710

$

493,710

NOW deposits

345,279

345,279

273,359

273,359

Savings deposits

649,621

649,621

801,943

801,943

Level 2:

Securities sold under agreement to

repurchase

9,475

9,475

7,147

7,147

Other borrowed funds

145,123

145,055

193,001

192,443

Subordinated debt

31,177

29,563

31,075

30,263

Level 3:

Time deposits

333,623

331,675

202,667

199,910