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Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Investments, All Other Investments [Abstract]  
Schedule of Estimated Fair Values of Recognized Financial Instruments Carried at Amortized Cost

The estimated fair values of recognized financial instruments carried at amortized cost as of December 31 were as follows:

 

 

2023

 

 

 

 

Carrying

 

 

 

 

 

 

 

 

 

 

 

Total Fair

 

(Dollars in thousands)

 

 

Value

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Value

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

$

 

226,279

 

 

$

9,507

 

 

$

185,223

 

 

$

 

 

$

194,730

 

Net loans

 

 

 

694,797

 

 

 

 

 

 

 

 

 

663,510

 

 

 

663,510

 

Mortgage servicing rights

 

 

 

600

 

 

 

 

 

 

 

 

 

600

 

 

 

600

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

 

1,027,427

 

 

$

835,847

 

 

$

 

 

$

193,126

 

 

$

1,028,973

 

Other borrowings

 

 

 

1,754

 

 

 

 

 

 

 

 

 

1,546

 

 

 

1,546

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

Carrying

 

 

 

 

 

 

 

 

 

 

 

Total Fair

 

(Dollars in thousands)

 

 

Value

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Value

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

$

 

247,401

 

 

$

11,617

 

 

$

200,337

 

 

$

 

 

$

211,954

 

Loans held for sale

 

 

 

52

 

 

 

55

 

 

 

 

 

 

 

 

 

55

 

Net loans

 

 

 

620,333

 

 

 

 

 

 

 

 

 

600,720

 

 

 

600,720

 

Mortgage servicing rights

 

 

 

621

 

 

 

 

 

 

 

 

 

621

 

 

 

621

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

 

1,023,417

 

 

$

905,335

 

 

$

 

 

$

114,478

 

 

$

1,019,813

 

Other borrowings

 

 

 

2,461

 

 

 

 

 

 

 

 

 

2,321

 

 

 

2,321