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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

Disclosures concerning assets and liabilities measured at fair value are as follows:

Assets and Liabilities Measured at Fair Value on a Recurring Basis

	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, 2024
Equity securities	$	4,919			$	-			$	2,897			$	7,816
Investment Securities, Available for Sale - September 30, 2024
U.S. Treasury notes and bonds	$	82,232			$	-			$	-			$	82,232
State and municipal		-				235,034				-				235,034
Mortgage-backed		-				170,759				-				170,759
Corporate		-				213				-				213
Asset-backed securities		-				9,314				-				9,314
Total	$	82,232			$	415,320			$	-			$	497,552
Derivative Instruments - September 30, 2024
Interest rate derivative contracts - assets	$	-			$	6,410			$	-			$	6,410
Interest rate derivative contracts - liabilities	$	-			$	2,004			$	-			$	2,004
Loan Swaps - September 30, 2024
Loan swaps - assets	$	-			$	1,331			$	-			$	1,331
Loan swaps - liabilities	$	-			$	1,331			$	-			$	1,331
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. 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	$	-			$	-			$	-			$	-

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

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

	Nine Months Ended
(Dollars in thousands)	September 30,
	2024				2023
Equity Securities Held at Fair Value
Balance, January 1	$	2,756			$	2,542
Total realized and unrealized gains included in noninterest income		71				67
Net purchases, sales, calls, and maturities		70				110
Net transfers into Level 3		-				-
Balance, September 30,	$	2,897			$	2,719
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,	$	36			$	-

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

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, 2024	$	1,155			$	-			$	-			$	1,155
December 31, 2023	$	387			$	-			$	-			$	387
Other Real Estate
September 30, 2024	$	529			$	-			$	-			$	529
December 31, 2023	$	122			$	-			$	-			$	122

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://www.xbrl.org/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-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 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://www.xbrl.org/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Publisher FASB
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