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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Recorded at Fair Value on a Recurring Basis

									Fair Value Measurements
(in thousands)			Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
September 30, 2023
Assets:
U.S. Treasury			$	4,868					$	4,868					$	—					$	—
U.S. government and federal agency obligations			420						—						420						—
U.S. government-sponsored enterprises			24,862						—						24,862						—
Obligations of states and political subdivisions			98,935						—						98,935						—
Mortgage-backed securities			92,743						—						92,743						—
Other debt securities			10,534						—						10,534						—
Bank-issued trust preferred securities			1,154						—						1,154						—
Equity securities			64						64						—						—
Interest rate lock commitments			45						—						—						45
Forward sale commitments			18						—						18						—
Loans held for sale			3,006						—						3,006						—
Mortgage servicing rights			2,885						—						—						2,885
Total			$	239,534					$	4,932					$	231,672					$	2,930
Liabilities:
Interest rate lock commitments			$	2					$	—					$	—					$	2
Total			$	2					$	—					$	—					$	2
December 31, 2022
Assets:
U.S. Treasury			$	2,152					$	2,152					$	—					$	—
U.S. government and federal agency obligations			559						—						559						—
U.S. government-sponsored enterprises			23,777						—						23,777						—
Obligations of states and political subdivisions			109,440						—						109,440						—
Mortgage-backed securities			102,699						—						102,699						—
Other debt securities			10,943						—						10,943						—
Bank-issued trust preferred securities			1,177						—						1,177						—
Equity securities			46						46						—						—
Interest rate lock commitments			20						—						—						20
Forward sale commitments			3						—						3						—
Loans held for sale			591						—						591						—
Mortgage servicing rights			2,899						—						—						2,899
Total			$	254,306					$	2,198					$	249,189					$	2,919
Liabilities:
Interest rate lock commitments			$	18					$	—					$	—					$	18
Forward sale commitments			3						—						3						—
Total			$	21					$	—					$	3					$	18

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

The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

			Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
			Mortgage Servicing Rights												Interest Rate Lock Commitments
			Nine Months Ended September 30,
(in thousands)			2023						2022						2023						2022
Balance at beginning of period			$	2,899					$	2,659					$	2					$	286
Total gains or (losses) (realized/unrealized):
Included in earnings			(52)						186						(31)						(22)
Included in other comprehensive income			—						—						—						—
Purchases			—						—						—						—
Sales			—						—						(125)						(474)
Issues			38						61						197						144
Settlements			—						—						—						—
Balance at end of period			$	2,885					$	2,906					$	43					$	(66)

Schedule of Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis

									Fair Value Measurements Using
(in thousands)			Total Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Three Months Ended September 30, Total Gains (Losses)*						Nine Months Ended September 30, Total Gains (Losses)*
September 30, 2023
Assets:
Collateral dependent impaired loans:
Real estate mortgage - residential			$	120					$	—					$	—					$	120					$	—					$	—
Real estate mortgage - commercial			2,432						—						—						2,432						(2)						(26)
Installment and other consumer			—						—						—						—						(12)						(29)
Total			$	2,552					$	—					$	—					$	2,552					$	(14)					$	(55)
Other real estate and repossessed assets			$	3,564					$	—					$	—					$	3,564					$	(2,811)					$	(4,594)
September 30, 2022
Assets:
Collateral dependent impaired loans:
Real estate mortgage - commercial			$	15,898					$	—					$	—					$	15,898					$	(23)					$	(48)
Installment and other consumer			—						—						—						—						(38)						(38)
Total			$	15,898					$	—					$	—					$	15,898					$	(61)					$	(86)
Other real estate and repossessed assets			$	9,210					$	—					$	—					$	9,210					$	—					$	(22)

*Total losses reported for other real estate and foreclosed assets includes charge-offs, valuation write downs, and net losses taken during the periods reported.

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- 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).

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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).

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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.

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