Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023
Assets:
U.S. Treasury	$	5,104	$	5,104	$	—	$	—
U.S. government and federal agency obligations	490		—		490		—
U.S. government-sponsored enterprises	25,217		—		25,217		—
Obligations of states and political subdivisions	112,589		—		112,589		—
Mortgage-backed securities	104,380		—		104,380		—
Other debt securities	10,726		—		10,726		—
Bank-issued trust preferred securities	1,147		—		1,147		—
Equity securities	54		54		—		—
Interest rate lock commitments	108		—		—		108
Forward sale commitments	6		—		6		—
Loans held for sale	1,753		—		1,753		—
Mortgage servicing rights	2,934		—		—		2,934
Total	$	264,508	$	5,158	$	256,308	$	3,042
Liabilities:
Interest rate lock commitments	$	1	$	—	$	—	$	1
Forward sale commitments	10		—		10		—
Total	$	11	$	—	$	10	$	1
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

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)	2023		2022		2023		2022
Balance at beginning of period	$	2,899	$	2,659	$	2	$	286
Total gains or (losses) (realized/unrealized):
Included in earnings	29		(48)		106		(8)
Included in other comprehensive income	—		—		—		—
Purchases	—		—		—		—
Sales	—		—		(128)		(286)
Issues	6		28		127		25
Settlements	—		—		—		—
Balance at end of period	$	2,934	$	2,639	$	107	$	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, 2023
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	50	—		—		$	50	$	—
Real estate mortgage - residential	86		—		—		86		—
Real estate mortgage - commercial	18,228		—		—		18,228		(5)
Total	$	18,364	$	—	$	—	$	18,364	$	(5)
Other real estate and repossessed assets	$	8,247	$	—	$	—	$	8,247	$	9
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)

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