Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows:


			Quoted Prices
			In Active		Significant
	Assets		Markets		Other		Significant
	Measured		for Identical		Observable		Unobservable
	At Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
September 30, 2023
OREO	$	1,844	$	—	$	—	$	1,844
Loans individually evaluated, net of reserve		10,680		—		—		10,680
	$	12,524	$	—	$	—	$	12,524

December 31, 2022
OREO	$	2,520	$	—	$	—	$	2,520
Impaired Loans, net of impairment reserve		3,478		—		—		3,478
	$	5,998	$	—	$	—	$	5,998

The carrying value and estimated fair value of financial instruments at September 30, 2023 and December 31, 2022 follows:


	Carrying
September 30, 2023	amount		Level 1		Level 2		Level 3		Total

Financial assets:
Cash and cash equivalents	$	75,776	$	75,776	$	—	$	—	$	75,776
Securities held to maturity		77,154		—		74,888		—		74,888
Securities available for sale		179,046		—		179,046		—		179,046
Loans held for sale		1,155		—		—		1,155		1,155
Loans, net		3,312,145		—		—		3,184,002		3,184,002
Other investments, at cost		21,542		—		—		21,542		21,542
Mortgage servicing rights		13,733		—		13,733		—		13,733
Financial liabilities:
Deposits	$	3,398,293	$	—	$	—	$	3,072,252	$	3,072,252
Securities sold under repurchase agreements		17,191		—		17,191		—		17,191
Notes payable		35,847		—		35,847		—		35,847
Subordinated notes		23,500		—		23,500		—		23,500
Junior subordinated debentures		10,972		—		10,972		—		10,972


	Carrying
December 31, 2022	amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	119,351	$	119,351	$	—	$	—	$	119,351
Securities held to maturity		45,097		—		43,770		—		43,770
Securities available for sale		304,637		—		304,637		—		304,637
Loans held for sale		648		—		—		648		648
Loans, net		2,871,298		—		—		2,832,454		2,832,454
Other investments, at cost		16,495		—		—		16,495		16,495
Mortgage servicing rights		9,582		—		9,582		—		9,582
Financial liabilities:
Deposits	$	3,060,229		—		—		2,732,007		2,732,007
Securities sold under repurchase agreements		97,196		—		97,196		—		97,196
Notes payable		1,929		—		1,929		—		1,929
Subordinated notes		23,500		—		23,500		—		23,500