Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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)
September 30, 2022
Assets:
U.S. Treasury	$	3,506	$	3,506	$	—	$	—
U.S. government and federal agency obligations	558		—		558		—
U.S. government-sponsored enterprises	23,603		—		23,603		—
Obligations of states and political subdivisions	102,156		—		102,156		—
Mortgage-backed securities	102,946		—		102,946		—
Other debt securities	11,179		—		11,179		—
Bank-issued trust preferred securities	1,207		—		1,207		—
Equity securities	48		48		—		—
Interest rate lock commitments	10		—		—		10
Forward sale commitments	35		—		35		—
Loans held for sale	913		—		913		—
Mortgage servicing rights	2,906		—		—		2,906
Total	$	249,067	$	3,554	$	242,597	$	2,916
Liabilities:
Interest rate lock commitments	$	76	$	—	$	—	$	76
Total	$	76	$	—	$	—	$	76
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 for the periods indicated:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Mortgage Servicing Rights				Interest Rate Lock Commitments
	Nine Months Ended September 30,
(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	186		(86)		(22)		—
Included in other comprehensive income	—		—		—		—
Purchases	—		—		—		—
Sales	—		—		(474)		—
Issues	61		359		144		—
Settlements	—		—		—		—
Balance at end of period	$	2,906	$	2,718	$	(66)	$	—

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 September 30, Total Gains (Losses)*		Nine Months Ended September 30, Total Gains (Losses)*
September 30, 2022
Assets:
Collateral dependent impaired loans:
Real estate mortgage - commercial	$	15,898	$	—	$	—	$	15,898	$	(23)	$	(48)
Installment and other consumer	—		—		—		—		(38)		(38)
Total	$	15,898	$	—	$	—	$	15,898	$	(61)	$	(86)
Other real estate and repossessed assets	$	9,210	$	—	$	—	$	9,210	$	—	$	(22)
September 30, 2021
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	3,960	$	—	$	—	$	3,960	$	—	$	—
Real estate mortgage - residential	324		—		—		324		(18)		(22)
Real estate mortgage - commercial	22,266		—		—		22,266		(15)		(41)
Installment and other consumer	—		—		—		—		—		(6)
Total	$	26,550	$	—	$	—	$	26,550	$	(33)	$	(69)
Other real estate and repossessed assets	$	11,614	$	—	$	—	$	11,614	$	(12)	$	(71)

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