XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Fair Value Measurements And Fair Values Of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract] |
Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis |
(Dollars in thousands) |  | Fair Value at March 31, 2024
Asset Description |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities, at fair value |  | $ | 386 |  | $ | — |  | $ | — |  | $ | 386
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  |  | 73,110 |  |  | — |  |  | — |  |  | 73,110
Municipal |  |  | — |  |  | 137,456 |  |  | — |  |  | 137,456
Corporate |  |  | — |  |  | 23,452 |  |  | — |  |  | 23,452
Agency mortgage & asset-backed |  |  | — |  |  | 128,326 |  |  | — |  |  | 128,326
Non-Agency mortgage & asset-backed |  |  | — |  |  | 100,607 |  |  | — |  |  | 100,607
Total assets |  | $ | 73,496 |  | $ | 389,841 |  | $ | — |  | $ | 463,337
(Dollars in thousands) |  | Fair Value at December 31, 2023
Asset Description |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities, at fair value |  | $ | 427 |  | $ | — |  | $ | — |  | $ | 427
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  |  | 74,091 |  |  | — |  |  | — |  |  | 74,091
Municipal |  |  | — |  |  | 138,618 |  |  | — |  |  | 138,618
Corporate |  |  | — |  |  | 23,198 |  |  | — |  |  | 23,198
Agency mortgage and asset-backed |  |  | — |  |  | 132,591 |  |  | — |  |  | 132,591
Non-Agency mortgage and asset-backed |  |  | — |  |  | 104,005 |  |  | — |  |  | 104,005
Total assets |  | $ | 74,518 |  | $ | 398,412 |  | $ | — |  | $ | 472,930
Fair Value, By Balance Sheet Grouping |
| March 31, 2024
| Carrying |  | Fair |  |  |  |  |  |  |
(Dollars in thousands) | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial assets, carried at cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 182,570 |  | $ | 182,570 |  | $ | 182,570 |  | $ | — |  | $ | —
Long-term interest-earning deposits in other banks |  | 3,989 |  |  | 3,989 |  |  | 3,989 |  |  | — |  |  | —
Loans held for sale |  | 281 |  |  | 281 |  |  | — |  |  | 281 |  |  | —
Net loans |  | 1,261,062 |  |  | 1,221,414 |  |  | — |  |  | — |  |  | 1,221,414
Accrued interest receivable |  | 7,400 |  |  | 7,400 |  |  | — |  |  | — |  |  | 7,400
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | 1,559,312 |  | $ | 1,558,310 |  | $ | — |  | $ | 1,558,310 |  | $ | —
Federal Reserve Bank borrowings |  | 40,000 |  |  | 39,886 |  |  |  |  |  | 39,886 |  |  |
FHLB advances |  | 240,000 |  |  | 240,040 |  |  | — |  |  | 240,040 |  |  | —
Subordinate notes |  | 19,672 |  |  | 17,191 |  |  | — |  |  | 17,191 |  |  | —
Accrued interest payable |  | 4,211 |  |  | 4,211 |  |  | — |  |  | 4,211 |  |  | —
| December 31, 2023
| Carrying |  | Fair |  |  |  |  |  |  |  |  |
(Dollars in thousands) | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial assets, carried at cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 23,140 |  | $ | 23,140 |  | $ | 23,140 |  | $ | — |  | $ | —
Long-term interest-earning deposits in other banks |  | 6,229 |  |  | 6,229 |  |  | 6,229 |  |  | — |  |  | —
Loans held for sale |  | 213 |  |  | 213 |  |  | — |  |  | 213 |  |  | —
Net loans |  | 1,240,933 |  |  | 1,207,403 |  |  | — |  |  | — |  |  | 1,207,403
Accrued interest receivable |  | 7,506 |  |  | 7,506 |  |  | — |  |  | — |  |  | 7,506
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | 1,537,978 |  | $ | 1,537,480 |  | $ | — |  | $ | 1,537,480 |  | $ | —
Federal Reserve Bank Borrowings |  | 90,000 |  |  | 89,783 |  |  |  |  |  | 89,783 |  |  |
FHLB Advances |  | 40,000 |  |  | 40,110 |  |  |  |  |  | 40,110 |  |  |
Subordinate notes |  | 19,661 |  |  | 18,303 |  |  | — |  |  | 18,303 |  |  | —
Accrued interest payable |  | 3,856 |  |  | 3,856 |  |  | — |  |  | 3,856 |  |  | —

X
- 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 -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration