Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Recorded at Fair Value on a Recurring Basis

			Fair Value Measurements
(in thousands)	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2022
Assets:
U.S. Treasury	$	3,145	$	3,145	$	—	$	—
U.S. government and federal agency obligations	975		—		975		—
U.S. government-sponsored enterprises	25,265		—		25,265		—
Obligations of states and political subdivisions	120,434		—		120,434		—
Mortgage-backed securities	123,848		—		123,848		—
Other debt securities	11,821		—		11,821		—
Bank-issued trust preferred securities	1,266		—		1,266		—
Equity securities	56		56		—		—
Interest rate lock commitments	64		—		—		64
Forward sale commitments	21		—		21		—
Loans held for sale	909		—		909		—
Mortgage servicing rights	2,639		—		—		2,639
Total	$	290,443	$	3,201	$	284,539	$	2,703
Liabilities:
Interest rate lock commitments	$	47	$	—	$	—	$	47
Total	$	47	$	—	$	—	$	47
December 31, 2021
Assets:
U.S. Treasury	$	3,917	$	3,917	$	—	$	—
U.S. government and federal agency obligations	1,319		—		1,319		—
U.S. government-sponsored enterprises	26,372		—		26,372		—
Obligations of states and political subdivisions	129,224		—		129,224		—
Mortgage-backed securities	136,466		—		136,466		—
Other debt securities	12,284		—		12,284		—
Bank-issued trust preferred securities	1,288		—		1,288		—
Equity securities	60		60		—		—
Interest rate lock commitments	312		—		—		312
Forward sale commitments	12		—		12		—
Loans held for sale	2,249		—		2,249		—
Mortgage servicing rights	2,659		—		—		2,659
Total	$	316,162	$	3,977	$	309,214	$	2,971
Liabilities:
Interest rate lock commitments	$	26	$	—	$	—	$	26
Total	$	26	$	—	$	—	$	26

Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis

The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Mortgage Servicing Rights				Interest Rate Lock Commitments
	Three Months Ended March 31,
(in thousands)	2022		2021		2022		2021
Balance at beginning of period	$	2,659	$	2,445	$	286	$	—
Total gains or (losses) (realized/unrealized):
Included in earnings	(48)		(121)		(8)		—
Included in other comprehensive income	—		—		—		—
Purchases	—		—		—		—
Sales	—		—		(286)		—
Issues	28		170		25		—
Settlements	—		—		—		—
Balance at end of period	$	2,639	$	2,494	$	17	$	—

Schedule of Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis

			Fair Value Measurements Using
(in thousands)	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Three Months Ended March 31, Total Gains (Losses)*
March 31, 2022
Assets:
Collateral dependent impaired loans:
Real estate mortgage - commercial	$	15,365	$	—	$	—	$	15,365	$	(23)
Total	$	15,365	$	—	$	—	$	15,365	$	(23)
Other real estate and repossessed assets	$	9,758	$	—	$	—	$	9,758	$	(45)
March 31, 2021
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	4,188	$	—	$	—	$	4,188	$	—
Real estate mortgage - residential	403		—		—		403		—
Real estate mortgage - commercial	22,484		—		—		22,484		(23)
Total	$	27,075	$	—	$	—	$	27,075	$	(23)
Other real estate and repossessed assets	$	12,140	$	—	$	—	$	12,140	$	(73)

*Total losses reported for other real estate and foreclosed assets includes charge-offs, valuation write downs, and net losses taken during the periods reported.