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Financial Instruments

3 Months Ended

Mar. 31, 2023

Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]

Financial Instruments

Note 5 – Financial Instruments

Financial instruments as of the dates indicated were as follows:


									Quoted Prices
									In Active				Significant
									Markets for				Other				Significant
									Identical				Observable				Unobservable
(Dollars in thousands)	Carrying				Estimated				Assets				Inputs				Inputs
	Amount				Fair Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2023
Assets
Cash and cash equivalents	$	55,189			$	55,189			$	55,189			$	-			$	-
Equity securities at fair value		8,699				8,699				6,062				-				2,637
Securities available for sale		535,348				535,348				79,975				455,373				-
Securities held to maturity		422,876				358,373				-				342,946				15,427
Federal Home Loan Bank and Federal
Reserve Bank stock		10,259				10,259				-				10,259				-
Loans held for sale		3,603				3,711				-				3,711				-
Loans to other financial institutions		-				-				-				-				-
Loans, net		1,195,518				1,151,264				-				-				1,151,264
Accrued interest receivable		9,652				9,652				-				9,652				-
Interest rate lock commitments		87				87				-				87				-
Mortgage loan servicing rights		4,165				5,623				-				5,623				-
Interest rate derivative contracts		2,244				2,244				-				2,244				-

Liabilities
Noninterest-bearing deposits		554,699				554,699				554,699				-				-
Interest-bearing deposits		1,513,429				1,510,549				-				1,510,549				-
Brokered deposits		37,773				37,698				-				37,698				-
Borrowings		85,000				85,000				-				85,000				-
Subordinated debentures		35,323				30,883				-				30,883				-
Accrued interest payable		438				438				-				438				-
Interest rate derivative contracts		3,790				3,790				-				3,790				-

December 31, 2022
Assets
Cash and cash equivalents	$	43,943			$	43,943			$	43,943			$	-			$	-
Equity securities at fair value		8,566				8,566				6,024				-				2,542
Securities available for sale		529,749				529,749				78,204				451,545				-
Securities held to maturity		425,906				353,901				-				338,583				15,318
Federal Home Loan Bank and Federal
Reserve Bank stock		8,581				8,581				-				8,581				-
Loans held for sale		4,834				4,979				-				4,979				-
Loans to other financial institutions		-				-				-				-				-
Loans, net		1,182,163				1,123,198				-				-				1,123,198
Accrued interest receivable		8,949				8,949				-				8,949				-
Interest rate lock commitments		28				28				-				28				-
Mortgage loan servicing rights		4,322				5,855				-				5,855				-
Interest rate derivative contracts		9,204				9,204				-				9,204				-

Liabilities
Noninterest-bearing deposits		599,579				599,579				599,579				-				-
Interest-bearing deposits		1,518,424				1,514,294				-				1,514,294				-
Borrowings		50,000				50,000				-				50,000				-
Subordinated debentures		35,262				30,304				-				30,304				-
Accrued interest payable		610				610				-				610				-
Interest rate derivative contracts		5,823				5,823				-				5,823				-