Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

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)
December 31, 2022
Assets:
U.S. Treasury	$	2,152	$	2,152	$	—	$	—
U.S. government and federal agency obligations	559		—		559		—
U.S. government-sponsored enterprises	23,777		—		23,777		—
Obligations of states and political subdivisions	109,440		—		109,440		—
Mortgage-backed securities	102,699		—		102,699		—
Other debt securities	10,943		—		10,943		—
Bank-issued trust preferred securities	1,177		—		1,177		—
Equity securities	46		46		—		—
Interest rate lock commitments	20		—		—		20
Forward sale commitments	3		—		3		—
Loans held for sale	591		—		591		—
Mortgage servicing rights	2,899		—		—		2,899
Total	$	254,306	$	2,198	$	249,189	$	2,919
Liabilities:
Interest rate lock commitments	$	18	$	—	$	—	$	18
Forward sale commitments	3		—		3		—
Total	$	21	$	—	$	3	$	18

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:


(in thousands)	Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Mortgage Servicing Rights		Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Interest Rate Lock Commitments
Balance at December 31, 2020	$	2,445	$	—
Total (losses) or gains (realized/unrealized):
Included in earnings	(186)		—
Included in other comprehensive income	—		—
Purchases	—		—
Sales	—		—
Issues	400		286
Settlements	—		—
Balance at December 31, 2021	$	2,659	$	286
Total (losses) or gains (realized/unrealized):
Included in earnings	176		(24)
Included in other comprehensive income	—		—
Purchases	—		—
Sales	—		(407)
Issues	64		147
Settlements	—		—
Balance at December 31, 2022	$	2,899	$	2

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)		Total Gains (Losses)*
December 31, 2022
Assets:
Collateral dependent impaired loans:


Real estate mortgage - commercial	$	17,664	$	—	$	—	$	17,664	$	(51)
Installment and other consumer	—		—		—		—		(40)
Total	$	17,664	$	—	$	—	$	17,664	$	(91)
Other real estate and repossessed assets	$	8,795	$	—	$	—	$	8,795	$	233

December 31, 2021
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	—	$	—	$	—	$	—	$	(46)

Real estate mortgage - residential	264		—		—		264		(22)
Real estate mortgage - commercial	21,133		—		—		21,133		(43)
Installment and other consumer	—		—		—		—		(7)
Total	$	21,397	$	—	$	—	$	21,397	$	(118)
Other real estate and repossessed assets	$	10,525	$	—	$	—	$	10,525	$	(935)


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