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Fair Value Measurements And Fair Values Of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024
Asset Description		Level 1			Level 2			Level 3			Total
Equity securities, at fair value		$	352		$	—		$	—		$	352
Available for sale:
U.S. Treasury			73,020			—			—			73,020
Municipal			—			134,701			—			134,701
Corporate			—			23,688			—			23,688
Agency mortgage & asset-backed			—			123,783			—			123,783
Non-Agency mortgage & asset-backed			—			99,273			—			99,273
Total assets		$	73,372		$	381,445		$	—		$	454,817

(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

	June 30, 2024
	Carrying			Fair
(Dollars in thousands)	Amount			Value			Level 1			Level 2			Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	179,727		$	179,727		$	179,727		$	—		$	—
Long-term interest-earning deposits in other banks		1,994			1,994			1,994			—			—
Loans held for sale		932			947			—			947			—
Net loans		1,301,302			1,259,496			—			—			1,259,496
Accrued interest receivable		7,515			7,515			—			—			7,515
Financial liabilities:
Deposits	$	1,586,458		$	1,585,810		$	—		$	1,585,810		$	—
Federal Reserve Bank borrowings		40,000			39,891						39,891
FHLB advances		240,000			239,310			—			239,310			—
Subordinate notes		19,680			17,474			—			17,474			—
Accrued interest payable		4,735			4,735			—			4,735			—
	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

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- References

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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

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