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v3.23.2

Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value |
Schdule of Measured At Fair Value On A Recurring Basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | June 30, 2023 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U.S. Treasuries |  | $ | 9,894 |  |  |  | - |  |  |  | 9,894 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 11,020 |  |  |  | - |  |  |  | 11,020 |  |  |  | - |
Mortgage-backed securities |  |  | 269,720 |  |  |  | - |  |  |  | 269,720 |  |  |  | - |
State and political subdivisions |  |  | 103,450 |  |  |  | - |  |  |  | 103,450 |  |  |  | - |
Mutual funds held in deferred compensation trust |  |  | 1,804 |  |  |  | - |  |  |  | 1,804 |  |  |  |  |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Fair Value |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U.S. Treasuries |  | $ | 9,814 |  |  |  | - |  |  |  | 9,814 |  |  |  | - |
U.S. Government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored enterprises |  |  | 11,539 |  |  |  | - |  |  |  | 11,539 |  |  |  | - |
Mortgage-backed securities |  |  | 273,838 |  |  |  | - |  |  |  | 273,838 |  |  |  | - |
State and political subdivisions |  |  | 150,203 |  |  |  | - |  |  |  | 150,203 |  |  |  | - |
Mutual funds held in deferred compensation trust |  |  | 1,327 |  |  |  | - |  |  |  | 1,327 |  |  |  |  |
Summary of Fair Value Measurements Of Mortgage loans held for sale |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements June 30, 2023 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage loans held for sale |  | $ | 1,560 |  |  |  | - |  |  |  | - |  |  |  | 1,560 |
Individually evaluated loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements December 31, 2022 |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mortgage loans held for sale |  | $ | 211 |  |  |  | - |  |  |  | - |  |  |  | 211 |
Impaired loans |  |  | 14,694 |  |  |  | - |  |  |  | - |  |  |  | 14,694 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value June 30, 2023 |  |  | Fair Value December 31, 2022 |  |  | Valuation Technique |  | Significant Unobservable Inputs |  |  | General Range of Significant Unobservable Input Values |
Mortgage loans held for sale |  | $ | 1,560 |  |  |  | 211 |  |  | Rate lock commitment |  |  | N/A |  |  |  | N/A |
Individually evaluated loans |  |  | - |  |  |  | 14,694 |  |  | Appraised value and discounted cash flows |  | Discounts to reflect current market conditions and ultimate collectability |  |  | 0 - 25 | %
Summary of Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at June 30, 2023 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 89,041 |  |  |  | 89,041 |  |  |  | - |  |  |  | - |  |  |  | 89,041 |
Investment securities available for sale |  |  | 394,084 |  |  |  | - |  |  |  | 394,084 |  |  |  | - |  |  |  | 394,084 |
Other investments |  |  | 2,602 |  |  |  | - |  |  |  | - |  |  |  | 2,602 |  |  |  | 2,602 |
Mortgage loans held for sale |  |  | 1,560 |  |  |  | - |  |  |  | - |  |  |  | 1,560 |  |  |  | 1,560 |
Loans, net |  |  | 1,047,935 |  |  |  | - |  |  |  | - |  |  |  | 1,030,032 |  |  |  | 1,030,032 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,804 |  |  |  | - |  |  |  | 1,804 |  |  |  | - |  |  |  | 1,804 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,369,524 |  |  |  | - |  |  |  | - |  |  |  | 1,372,295 |  |  |  | 1,372,295 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 93,172 |  |  |  | - |  |  |  | 93,172 |  |  |  | - |  |  |  | 93,172 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2022 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 71,596 |  |  |  | 71,596 |  |  |  | - |  |  |  | - |  |  |  | 71,596 |
Investment securities available for sale |  |  | 445,394 |  |  |  | - |  |  |  | 445,394 |  |  |  | - |  |  |  | 445,394 |
Other investments |  |  | 2,656 |  |  |  | - |  |  |  | - |  |  |  | 2,656 |  |  |  | 2,656 |
Mortgage loans held for sale |  |  | 211 |  |  |  | - |  |  |  | - |  |  |  | 211 |  |  |  | 211 |
Loans, net |  |  | 1,022,114 |  |  |  | - |  |  |  | - |  |  |  | 998,587 |  |  |  | 998,587 |
Mutual funds held in deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
compensation trust |  |  | 1,327 |  |  |  | - |  |  |  | 1,327 |  |  |  | - |  |  |  | 1,327 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,435,215 |  |  |  | - |  |  |  | - |  |  |  | 1,434,871 |  |  |  | 1,434,871 |
Securities sold under agreements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
to repurchase |  |  | 47,688 |  |  |  | - |  |  |  | 47,688 |  |  |  | - |  |  |  | 47,688 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |

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