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Fair Value of Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value of Assets and Liabilities |
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis | ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 |
​ | ​ | Fair Value Measurements Classified as | ​ | Assets/Liabilities at |
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury securities | ​ | $ | — | ​ | $ | 58,833 | ​ | $ | — | ​ | $ | 58,833 | ​
U.S. government agencies and corporations | ​ | ​ | — | ​ | ​ | 130,274 | ​ | ​ | — | ​ | ​ | 130,274 | ​
Mortgage-backed securities | ​ |  | — | ​ |  | 179,918 | ​ |  | — | ​ |  | 179,918 | ​
Obligations of states and political subdivisions | ​ |  | — | ​ |  | 120,827 | ​ |  | — | ​ |  | 120,827 | ​
Corporate and other debt securities | ​ | ​ | — | ​ | ​ | 22,739 | ​ | ​ | — | ​ | ​ | 22,739 | ​
Total securities available for sale | ​ |  | — | ​ |  | 512,591 | ​ |  | — | ​ |  | 512,591 | ​
Loans held for sale | ​ |  | — | ​ |  | 14,259 | ​ |  | — | ​ |  | 14,259 | ​
Other investments | ​ | ​ | — | ​ | ​ | 3,649 | ​ | ​ | — | ​ | ​ | 3,649 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ |  | — | ​ |  | 391 | ​ |  | — | ​ |  | 391 | ​
Interest rate swaps on loans | ​ | ​ | — | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​
Cash flow hedges | ​ |  | — | ​ |  | 1,941 | ​ |  | — | ​ |  | 1,941 | ​
Total assets | ​ | $ | — | ​ | $ | 539,159 | ​ | $ | — | ​ | $ | 539,159 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | $ | — | ​ | $ | 6,328 | ​ | $ | — | ​ | $ | 6,328 | ​
Total liabilities | ​ | $ | — | ​ | $ | 6,328 | ​ | $ | — | ​ | $ | 6,328 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 |
​ | ​ | Fair Value Measurements Classified as | ​ | Assets/Liabilities at |
(Dollars in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Securities available for sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. government agencies and corporations | ​ | $ | — | ​ | $ | 68,285 | ​ | $ | — | ​ | $ | 68,285 | ​
Mortgage-backed securities | ​ |  | — | ​ |  | 190,349 | ​ |  | — | ​ |  | 190,349 | ​
Obligations of states and political subdivisions | ​ |  | — | ​ |  | 92,666 | ​ |  | — | ​ |  | 92,666 | ​
Corporate and other debt securities | ​ |  | — | ​ |  | 21,773 | ​ |  | — | ​ |  | 21,773 | ​
Total securities available for sale | ​ |  | — | ​ |  | 373,073 | ​ |  | — | ​ |  | 373,073 | ​
Loans held for sale | ​ |  | — | ​ |  | 82,295 | ​ |  | — | ​ |  | 82,295 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ |  | — | ​ |  | 1,523 | ​ |  | — | ​ |  | 1,523 | ​
Interest rate swaps on loans | ​ |  | — | ​ |  | 3,467 | ​ |  | — | ​ |  | 3,467 | ​
Total assets | ​ | $ | — | ​ | $ | 460,358 | ​ | $ | — | ​ | $ | 460,358 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | $ | — | ​ | $ | 3,467 | ​ | $ | — | ​ | $ | 3,467 | ​
Cash flow hedges | ​ | ​ | — | ​ | ​ | 665 | ​ | ​ | — | ​ | ​ | 665 | ​
Forward sales of TBA securities | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | 3 | ​
Total liabilities | ​ | $ | — | ​ | $ | 4,135 | ​ | $ | — | ​ | $ | 4,135 | ​
​
Schedule of carrying amounts and estimated fair values of financial instruments | ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Carrying |  | Fair Value Measurements at December 31, 2022 Classified as |  | Total Fair |
(Dollars in thousands) | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and short-term investments | ​ | $ | 28,898 | ​ | $ | 26,661 | ​ | $ | 2,189 | ​ | $ | — | ​ | $ | 28,850 | ​
Securities available for sale | ​ |  | 512,591 | ​ | ​ | — | ​ |  | 512,591 | ​ | ​ | — | ​ |  | 512,591 | ​
Loans, net | ​ |  | 1,595,200 | ​ |  | — | ​ |  | — | ​ |  | 1,538,062 | ​ |  | 1,538,062 | ​
Loans held for sale | ​ |  | 14,259 | ​ |  | — | ​ |  | 14,259 | ​ |  | — | ​ |  | 14,259 | ​
Other investments | ​ | ​ | 3,649 | ​ | ​ | — | ​ | ​ | 3,649 | ​ | ​ | — | ​ | ​ | 3,649 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ | ​ | 391 | ​ | ​ | — | ​ | ​ | 391 | ​ | ​ | — | ​ | ​ | 391 | ​
Interest rate swaps on loans | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​
Cash flow hedges | ​ | ​ | 1,941 | ​ | ​ | — | ​ | ​ | 1,941 | ​ | ​ | — | ​ | ​ | 1,941 | ​
Bank-owned life insurance | ​ | ​ | 20,909 | ​ | ​ | — | ​ | ​ | 20,909 | ​ | ​ | — | ​ | ​ | 20,909 | ​
Accrued interest receivable | ​ |  | 8,982 | ​ |  | 8,982 | ​ |  | — | ​ |  | — | ​ |  | 8,982 | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Demand and savings deposits | ​ | ​ | 1,622,566 | ​ | ​ | 1,622,566 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,622,566 | ​
Time deposits | ​ |  | 381,294 | ​ |  | — | ​ |  | 374,267 | ​ |  | — | ​ |  | 374,267 | ​
Borrowings | ​ |  | 85,943 | ​ |  | — | ​ |  | 71,906 | ​ |  | — | ​ |  | 71,906 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps on loans | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​ | ​ | — | ​ | ​ | 6,328 | ​
Accrued interest payable | ​ |  | 950 | ​ |  | 950 | ​ |  | — | ​ |  | — | ​ |  | 950 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Carrying |  | Fair Value Measurements at December 31, 2021 Classified as |  | Total Fair |
(Dollars in thousands) | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value |
Financial assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and short-term investments | ​ | $ | 269,487 | ​ | $ | 267,745 | ​ | $ | 1,742 | ​ | $ | — | ​ | $ | 269,487 | ​
Securities available for sale | ​ |  | 373,073 | ​ | ​ | — | ​ |  | 373,073 | ​ | ​ | — | ​ |  | 373,073 | ​
Loans, net | ​ |  | 1,369,903 | ​ |  | — | ​ |  | — | ​ |  | 1,379,564 | ​ |  | 1,379,564 | ​
Loans held for sale | ​ |  | 82,295 | ​ |  | — | ​ |  | 82,295 | ​ |  | — | ​ |  | 82,295 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IRLC | ​ | ​ | 1,523 | ​ | ​ | — | ​ | ​ | 1,523 | ​ | ​ | — | ​ | ​ | 1,523 | ​
Interest rate swaps on loans | ​ | ​ | 3,467 | ​ | ​ | — | ​ | ​ | 3,467 | ​ | ​ | — | ​ | ​ | 3,467 | ​
Bank-owned life insurance | ​ | ​ | 20,597 | ​ | ​ | — | ​ | ​ | 20,597 | ​ | ​ | — | ​ | ​ | 20,597 | ​
Accrued interest receivable | ​ |  | 6,810 | ​ |  | 6,810 | ​ |  | — | ​ |  | — | ​ |  | 6,810 | ​
Financial liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Demand and savings deposits | ​ | ​ | 1,488,893 | ​ | ​ | 1,488,893 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,488,893 | ​
Time deposits | ​ |  | 425,721 | ​ |  | — | ​ |  | 428,462 | ​ |  | — | ​ |  | 428,462 | ​
Borrowings | ​ |  | 84,115 | ​ |  | — | ​ |  | 89,609 | ​ |  | — | ​ |  | 89,609 | ​
Derivatives | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flow hedges | ​ |  | 665 | ​ | ​ | — | ​ |  | 665 | ​ | ​ | — | ​ |  | 665 | ​
Interest rate swaps on loans | ​ | ​ | 3,467 | ​ | ​ | — | ​ | ​ | 3,467 | ​ | ​ | — | ​ | ​ | 3,467 | ​
Forward sales of TBA securities | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | ​ | ​ | ​ | 3 | ​
Accrued interest payable | ​ |  | 715 | ​ |  | 715 | ​ |  | — | ​ |  | — | ​ |  | 715 | ​
​

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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