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Financial Instruments
6 Months Ended
Jun. 30, 2024
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]  
Financial Instruments
 NOTE 5 – FINANCIAL INSTRUMENTS

 Financial instruments as of the dates indicated were as follows:

(Dollars in thousands)
 
Carrying
Amount
   
Estimated
Fair Value
   
Quoted Prices
In Active
Markets for
Identical
Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
June 30, 2024
                             
Assets
                             
Cash and cash equivalents
 
$
101,002
   
$
101,002
   
$
101,002
   
$
-
   
$
-
 
Equity securities at fair value
   
7,502
     
7,502
     
4,661
     
-
     
2,841
 
Securities available for sale
   
491,670
     
491,670
     
79,311
     
412,359
     
-
 
Securities held to maturity
   
392,699
     
332,583
     
-
     
319,702
     
12,881
 
Federal Home Loan Bank and Federal
                                       
Reserve Bank stock
   
9,515
     
9,515
     
-
     
9,515
     
-
 
Loans held for sale
   
5,946
     
6,124
     
-
     
6,124
     
-
 
Loans, net
   
1,421,375
     
1,379,874
     
-
     
-
     
1,379,874
 
Accrued interest receivable
   
10,441
     
10,441
     
-
     
10,441
     
-
 
Interest rate lock commitments
   
23
     
23
     
-
     
23
     
-
 
Interest rate derivative contracts
   
23,629
     
23,629
     
-
     
23,629
     
-
 
                                         
Liabilities
                                       
Noninterest-bearing deposits
   
517,137
     
517,137
     
517,137
     
-
     
-
 
Interest-bearing deposits
   
1,582,365
     
1,580,436
     
-
     
1,580,436
     
-
 
Brokered deposits
   
27,177
     
27,126
     
-
     
27,126
     
-
 
Borrowings
   
210,000
     
209,286
     
-
     
209,286
     
-
 
Subordinated debentures
   
35,630
     
31,942
     
-
     
31,942
     
-
 
Accrued interest payable
   
5,120
     
5,120
     
-
     
5,120
     
-
 
Interest rate derivative contracts
   
-
     
-
     
-
     
-
     
-
 
                                         
December 31, 2023
                                       
Assets
                                       
Cash and cash equivalents
 
$
55,433
   
$
55,433
   
$
55,433
   
$
-
   
$
-
 
Equity securities at fair value
   
7,505
     
7,505
     
4,749
     
-
     
2,756
 
Securities available for sale
   
514,598
     
514,598
     
80,194
     
434,404
     
-
 
Securities held to maturity
   
407,959
     
348,791
     
-
     
335,493
     
13,298
 
Federal Home Loan Bank and Federal
                                       
Reserve Bank stock
   
9,514
     
9,514
     
-
     
9,514
     
-
 
Loans held for sale
   
4,710
     
4,851
     
-
     
4,851
     
-
 
Loans, net
   
1,394,968
     
1,362,920
     
-
     
-
     
1,362,920
 
Accrued interest receivable
   
10,066
     
10,066
     
-
     
10,066
     
-
 
Interest rate lock commitments
   
64
     
64
     
-
     
64
     
-
 
Interest rate derivative contracts
   
8,880
     
8,880
     
-
     
8,880
     
-
 
                                         
Liabilities
                                       
Noninterest-bearing deposits
   
547,625
     
547,625
     
547,625
     
-
     
-
 
Interest-bearing deposits
   
1,550,985
     
1,549,386
     
-
     
1,549,386
     
-
 
Brokered deposits
   
23,445
     
23,435
     
-
     
23,435
     
-
 
Borrowings
   
200,000
     
199,743
     
-
     
199,743
     
-
 
Subordinated debentures
   
35,507
     
31,748
     
-
     
31,748
     
-
 
Accrued interest payable
   
6,223
     
6,223
     
-
     
6,223
     
-
 
Interest rate derivative contracts
   
-
     
-
     
-
     
-
     
-