Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2023
Assets:
U.S. Treasury	$	5,112	$	5,112	$	—	$	—
U.S. government and federal agency obligations	483		—		483		—
U.S. government-sponsored enterprises	25,072		—		25,072		—
Obligations of states and political subdivisions	110,320		—		110,320		—
Mortgage-backed securities	99,072		—		99,072		—
Other debt securities	10,432		—		10,432		—
Bank-issued trust preferred securities	1,125		—		1,125		—
Equity securities	61		61		—		—
Interest rate lock commitments	58		—		—		58
Forward sale commitments	25		—		25		—
Loans held for sale	2,130		—		2,130		—
Mortgage servicing rights	2,902		—		—		2,902
Total	$	256,792	$	5,173	$	248,659	$	2,960
Liabilities:
Interest rate lock commitments	$	43	$	—	$	—	$	43
Forward sale commitments	1		—		1		—
Total	$	44	$	—	$	1	$	43
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
	Six Months Ended June 30,
(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	(27)		31		(18)		(32)
Included in other comprehensive income	—		—		—		—
Purchases	—		—		—		—
Sales	—		—		(110)		(303)
Issues	30		40		141		144
Settlements	—		—		—		—
Balance at end of period	$	2,902	$	2,730	$	15	$	95

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 June 30, Total Gains (Losses)*		Six Months Ended June 30, Total Gains (Losses)*
June 30, 2023
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural	$	50	—		—		$	50	$	—	$	—
Real estate mortgage - residential	120		—		—		120		—		—
Real estate mortgage - commercial	2,660		—		—		2,660		(20)		(25)
Installment and other consumer	—		—		—		—		(16)		(16)
Total	$	2,830	$	—	$	—	$	2,830	$	(36)	$	(41)
Other real estate and repossessed assets	$	6,429	$	—	$	—	$	6,429	$	(1,792)	$	(1,783)
June 30, 2022
Assets:
Collateral dependent impaired loans:
Real estate mortgage - commercial	$	15,992	$	—	$	—	$	15,992	$	(2)	$	(25)
Total	$	15,992	$	—	$	—	$	15,992	$	(2)	$	(25)
Other real estate and repossessed assets	$	9,155	$	—	$	—	$	9,155	$	23	$	(22)

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