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

9 Months Ended

Sep. 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 September 30, 2024
Asset Description		Level 1			Level 2			Level 3			Total
Equity securities, at fair value		$	655		$	—		$	—		$	655
Available for sale:
U.S. Treasury			75,688			—			—			75,688
Municipal			—			139,722			—			139,722
Corporate			—			24,321			—			24,321
Agency mortgage & asset-backed			—			120,702			—			120,702
Non-Agency mortgage & asset-backed			—			106,052			—			106,052
Total assets		$	76,343		$	390,797		$	—		$	467,140

(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

Schedule Of Fair Value On A Nonrecurring Basis

(Dollars in Thousands)		Fair Value at September 30, 2024
Asset Description		Level 1			Level 2			Level 3			Total
Collateral Dependent		$	—		$	—		$	103		$	103
Total assets		$	—		$	—		$	103		$	103

x

(Dollars in Thousands)

Fair Value at December 31, 2023

Asset Description

Level 1

Level 2

Level 3

Total

Collateral Dependent

$

—

$

—

$

—

$

—

Total assets

$

—

$

—

$

—

$

—

Fair Value Inputs, Assets, Quantitative Information

(Dollars in thousands)									Range
September 30, 2024			Fair Value		Valuation Technique		Unobservable Input		(Weighted Average)
Collateral Dependent		$	103		Appraisal		Appraisal Adjustment on:
							Non-real estate assets		56% - 100% (70%)
							Cost to sell		12%

Fair Value, By Balance Sheet Grouping

	September 30, 2024
	Carrying			Fair
(Dollars in thousands)	Amount			Value			Level 1			Level 2			Level 3
Financial assets, carried at cost:
Cash and cash equivalents	$	236,317		$	236,317		$	236,317		$	—		$	—
Long-term interest-earning deposits in other banks		1,749			1,749			1,749			—			—
Loans held for sale		2,725			2,763			—			2,763			—
Net loans		1,348,386			1,333,781			—			—			1,333,781
Accrued interest receivable		7,109			7,109			—			—			7,109
Financial liabilities:
Deposits	$	1,723,491		$	1,724,477		$	—		$	1,724,477		$	—
Federal Reserve Bank borrowings		40,000			40,002						40,002
FHLB advances		200,000			203,686			—			203,686			—
Subordinate notes		19,691			18,012			—			18,012			—
Accrued interest payable		5,497			5,497			—			5,497			—
	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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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

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-Name Accounting Standards Codification
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-Paragraph 11
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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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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