XML 31 R22.htm IDEA: XBRL DOCUMENT v3.23.2

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

	Quoted Prices
	In Active				Significant
	Markets for				Other				Significant
	Identical				Observable				Unobservable				Balance
(Dollars in thousands)	Assets				Inputs				Inputs				at Date
	(Level 1)				(Level 2)				(Level 3)				Indicated
Equity Securities Held at Fair Value - June 30, 2023
Equity securities	$	5,599			$	-			$	2,700			$	8,299
Investment Securities, Available for Sale - June 30, 2023
U.S. Treasury notes and bonds	$	78,395			$	-			$	-			$	78,395
State and municipal		-				232,797				-				232,797
Mortgage-backed		-				197,649				-				197,649
Corporate		-				705				-				705
Asset-backed securities		-				11,656				-				11,656
Total	$	78,395			$	442,807			$	-			$	521,202
Derivative Instruments - June 30, 2023
Interest rate derivative contracts - assets	$	-			$	11,177			$	-			$	11,177
Interest rate derivative contracts - liabilities	$	-			$	-			$	-			$	-
Equity Securities Held at Fair Value - December 31, 2022
Equity securities	$	6,024			$	-			$	2,542			$	8,566
Investment Securities, Available for Sale - December 31, 2022
U. S. Government and federal agency	$	-			$	-			$	-			$	-
U. S. Treasury notes and bonds		78,204				-				-				78,204
State and municipal		-				229,938				-				229,938
Mortgage-backed		-				208,563				-				208,563
Corporate		-				711				-				711
Asset-backed securities		-				12,333				-				12,333
Total	$	78,204			$	451,545			$	-			$	529,749
Derivative Instruments - December 31, 2022
Interest rate derivative contracts - assets	$	-			$	9,204			$	-			$	9,204
Interest rate derivative contracts - liabilities	$	-			$	5,823			$	-			$	5,823

Schedule of Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis

	Six Months Ended
(Dollars in thousands)	June 30,
	2023				2022
Equity Securities Held at Fair Value
Balance, January 1	$	2,542			$	1,768
Total realized and unrealized gains included in noninterest income		60				(5	)
Net purchases, sales, calls, and maturities		98				63
Net transfers into Level 3		-				-
Balance, June 30,	$	2,700			$	1,826
Amount of total losses for the period included in earning attributable to the change in    unrealized gains (losses) relating to assets and liabilities still held at June 30,	$	60			$	(5	)
Investment Securities, Available for Sale
Balance, January 1	$	-			$	21,050
Total unrealized gains included in other comprehensive income		-				-
Net purchases, sales, calls, and maturities		-				-
Net transfers into Level 3		-				-
Transfer to held to maturity		-				(21,050	)
Balance, June 30,	$	-			$	-
Amount of total losses for the period included in earning attributable to the change in    unrealized gains (losses) relating to assets and liabilities still held at June 30,	$	-			$	-

Schedule of Assets Measured at Fair Value on a Non-recurring Basis

					Quoted Prices
					In Active				Significant
					Markets for				Other				Significant
	Balances at				Identical				Observable				Unobservable
(Dollars in thousands)	Dates				Assets				Inputs				Inputs
	Indicated				(Level 1)				(Level 2)				(Level 3)
Collateral Dependent Loans
June 30, 2023	$	676			$	-			$	-			$	676
December 31, 2022	$	2,846			$	-			$	-			$	2,846
Other Real Estate
June 30, 2023	$	266			$	-			$	-			$	266
December 31, 2022	$	-			$	-			$	-			$	-

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration