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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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
(Dollars in thousands)		Assets				Inputs				Inputs				Balance at
		(Level 1)				(Level 2)				(Level 3)				Date Indicated
Equity Securities Held at Fair Value - December 31, 2023
Equity securities		$	4,749			$	-			$	2,756			$	7,505
Investment Securities, Available for Sale -December 31, 2023
U. S. Government and federal agency		$	-			$	-			$	-			$	-
U. S. Treasury notes and bonds			80,194				-				-				80,194
State and municipal			-				234,682				-				234,682
Mortgage-backed			-				188,501				-				188,501
Corporate			-				204				-				204
Asset-backed Securities			-				11,017				-				11,017
Total		$	80,194			$	434,404			$	-			$	514,598
Derivative Instruments -December 31, 2023
Interest rate derivative contracts - assets		$	-			$	8,880			$	-			$	8,880
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

(Dollars in thousands)
						2023				2022
Equity Securities Held at Fair Value
Balance, January 1						$	2,542			$	1,768
Total realized and unrealized gains included in noninterest income							71				161
Net purchases, sales, calls, and maturities							143				613
Balance, December 31						$	2,756			$	2,542
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 December 31,						$	5			$	9
Investment Securities, Available for Sale
Balance, January 1						$	-			$	21,050
Total realized and unrealized gains included in income							-				-
Total unrealized gains/(losses) included in other comprehensive income							-				-
Net purchases, sales, calls, and maturities							-				-
Net transfers into Level 3							-				-
Transfer to held to maturity							-				(21,050	)
Balance, December 31						$	-			$	-
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 December 31,						$	-			$	-

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
December 31, 2023		$	387			$	-			$	-			$	387
Impaired Loans
December 31, 2022		$	2,846			$	-			$	-			$	2,846
Other Real Estate
December 31, 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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-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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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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-Paragraph 2
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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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-Paragraph 3
-Publisher FASB
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