Schedule of assets measured at fair value and the valuation methods used


	March 31, 2024
	Quoted Prices		Other Observable		Unobservable
	in Active Markets		Inputs		Inputs		Total
(In Thousands)	(Level 1)		(Level 2)		(Level 3)		Fair Value
Recurring fair value measurements, assets:
AVAILABLE-FOR-SALE DEBT SECURITIES:
Obligations of the U.S. Treasury	$	10,231	$	0	$	0	$	10,231
Obligations of U.S. Government agencies		0		9,376		0		9,376
Bank holding company debt securities		0		23,469		0		23,469
Obligations of states and political subdivisions:
Tax-exempt		0		102,826		0		102,826
Taxable		0		49,255		0		49,255
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		0		91,116		0		91,116
Residential collateralized mortgage obligations		0		44,501		0		44,501
Commercial mortgage-backed securities		0		66,121		0		66,121
Private label commercial mortgage-backed securities		0		8,199		0		8,199
Total available-for-sale debt securities		10,231		394,863		0		405,094
Marketable equity security		862		0		0		862
Servicing rights		0		0		2,731		2,731
RPA Out		0		5		0		5
Interest rate swap agreements, assets		0		3,222		0		3,222
Total recurring fair value measurements, assets	$	11,093	$	398,090	$	2,731	$	411,914

Recurring fair value measurements, liabilities:
RPA In	$	0	$	5	$	0	$	5
Interest rate swap agreements, liabilities		0		3,222		0		3,222
Total recurring fair value measurements, liabilities	$	0	$	3,227	$	0	$	3,227

Nonrecurring fair value measurements, assets:
Loans individually evaluated for credit loss, net	$	0	$	0	$	8,659	$	8,659
Foreclosed assets held for sale		0		0		456		456
Total nonrecurring fair value measurements, assets	$	0	$	0	$	9,115	$	9,115


	December 31, 2023
	Quoted Prices		Other Observable		Unobservable
	in Active Markets		Inputs		Inputs		Total
(In Thousands)	(Level 1)		(Level 2)		(Level 3)		Fair Value
Recurring fair value measurements, assets:
AVAILABLE-FOR-SALE DEBT SECURITIES:
Obligations of the U.S. Treasury	$	11,290	$	0	$	0	$	11,290
Obligations of U.S. Government agencies		0		9,946		0		9,946
Bank holding company debt securities		0		23,500		0		23,500
Obligations of states and political subdivisions:
Tax-exempt		0		104,199		0		104,199
Taxable		0		50,111		0		50,111
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies:
Residential pass-through securities		0		95,405		0		95,405
Residential collateralized mortgage obligations		0		46,462		0		46,462
Commercial mortgage-backed securities		0		66,682		0		66,682
Private label commercial mortgage-backed securities		0		8,160		0		8,160
Total available-for-sale debt securities		11,290		404,465		0		415,755
Marketable equity security		871		0		0		871
Servicing rights		0		0		2,659		2,659
RPA Out		0		11		0		11
Interest rate swap agreements, assets		0		2,783		0		2,783
Total recurring fair value measurements, assets	$	12,161	$	407,259	$	2,659	$	422,079

Recurring fair value measurements, liabilities,
RPA In	$	0	$	13	$	0	$	13
Interest rate swap agreements, liabilities		0		2,783		0		2,783
Total recurring fair value measurements, liabilities	$	0	$	2,796	$	0	$	2,796

Nonrecurring fair value measurements, assets:
Impaired loans, net	$	0	$	0	$	7,043	$	7,043
Foreclosed assets held for sale		0		0		478		478
Total nonrecurring fair value measurements, assets	$	0	$	0	$	7,521	$	7,521

Schedule of estimated fair values, and carrying amounts of financial instruments not recorded at fair value


(In Thousands)	Fair Value	March 31, 2024				December 31, 2023
	Hierarchy	Carrying		Fair		Carrying		Fair
	Level	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	Level 1	$	42,348	$	42,348	$	52,778	$	52,778
Certificates of deposit	Level 2		4,100		3,896		4,100		3,859
Restricted equity securities (included in other assets)	Level 2		22,782		22,782		21,716		21,716
Loans, net	Level 3		1,852,426		1,766,292		1,828,931		1,750,336
Accrued interest receivable	Level 2		9,465		9,465		9,140		9,140

Financial liabilities:
Deposits with no stated maturity	Level 2		1,563,605		1,563,605		1,590,357		1,590,357
Time deposits	Level 2		432,298		430,309		424,449		423,643
Short-term borrowings	Level 2		48,831		48,831		33,874		33,874
Long-term borrowings	Level 2		148,824		148,009		138,337		137,775
Senior debt	Level 2		14,848		13,455		14,831		12,706
Subordinated debt	Level 2		24,745		22,373		24,717		22,750
Accrued interest payable	Level 2		2,124		2,124		1,525		1,525

FAIR VALUE MEASUREMENTS AND FAIR VALUES OF FINANCIAL INSTRUMENTS

Schedule of inputs and valuation techniques


(Dollars In Thousands)									Range (Weighted
			Valuation						Average)
	Balance at		Allowance at		Fair Value at		Valuation	Unobservable	Discount at
Asset	3/31/2024		3/31/2024		3/31/2024		Technique	Inputs	3/31/2024

Loans individually evaluated for credit loss:
Commercial real estate - nonowner occupied	$	7,293	$	623	$	6,670	Sales comparison	Discount to appraised value	22%-30% (25)	%
Commercial real estate - owner occupied		284		244		40	Sales comparison & SBA guaranty	Discount to appraised value	99% (99)	%
All other commercial loans		2,485		536		1,949	Sales comparison	Discount to appraised value	0%-82% (16)	%
Total loans individually evaluated for credit loss	$	10,062	$	1,403	$	8,659
Foreclosed assets held for sale - real estate:
Residential (1-4 family)	$	25	$	0	$	25	Sales comparison	Discount to appraised value	62% (62)	%
Commercial real estate		431		0		431	Sales comparison	Discount to appraised value	18%-77% (45)	%
Total foreclosed assets held for sale	$	456	$	0	$	456


(Dollars In Thousands)									Range (Weighted
			Valuation						Average)
	Balance at		Allowance at		Fair Value at		Valuation	Unobservable	Discount at
Asset	12/31/2023		12/31/2023		12/31/2023		Technique	Inputs	12/31/2023

Loans individually evaluated for credit loss:
Commercial real estate - nonowner occupied	$	7,301	$	648	$	6,653	Sales comparison	Discount to appraised value	22%-30% (25)	%
Commercial real estate - owner occupied		294		5		289	Sales comparison & SBA guaranty	Discount to appraised value	93% (93)	%
All other commercial loans		191		90		101	Liquidation & SBA guaranty	Discount to appraised value	0%-76% (17)	%
Total loans individually evaluated for credit loss	$	7,786	$	743	$	7,043
Foreclosed assets held for sale - real estate:
Residential (1-4 family)	$	47	$	0	$	47	Sales comparison	Discount to appraised value	20%-62% (50)	%
Commercial real estate		431		0		431	Sales comparison	Discount to appraised value	18%-50% (45)	%
Total foreclosed assets held for sale	$	478	$	0	$	478