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Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 - September 30, 2023
Equity securities	$	4,543			$	-			$	2,719			$	7,262
Investment Securities, Available for Sale - September 30, 2023
U.S. Treasury notes and bonds	$	77,032			$	-			$	-			$	77,032
State and municipal		-				212,714				-				212,714
Mortgage-backed		-				189,064				-				189,064
Corporate		-				709				-				709
Asset-backed securities		-				11,285				-				11,285
Total	$	77,032			$	413,772			$	-			$	490,804
Derivative Instruments - September 30, 2023
Interest rate derivative contracts - assets	$	-			$	29,900			$	-			$	29,900
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

	Nine Months Ended
(Dollars in thousands)	September 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		67				18
Net purchases, sales, calls, and maturities		110				75
Net transfers into Level 3		-				-
Balance, September 30,	$	2,719			$	1,861
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 September 30,	$	67			$	18
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, September 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 September 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
September 30, 2023	$	1,896			$	-			$	-			$	1,896
December 31, 2022	$	2,846			$	-			$	-			$	2,846
Other Real Estate
September 30, 2023	$	122			$	-			$	-			$	122
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

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-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

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-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
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- 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

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- 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
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-Section 50
-Paragraph 3
-Publisher FASB
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