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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value of Financial Instruments |
Carrying amount and estimated fair value of the Company's financial instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2023 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 82,375 |  |  |  | 82,375 |  |  |  | - |  |  |  | - |  |  |  | 82,375 |
Investment securities available for sale |  |  | 391,924 |  |  |  | - |  |  |  | 391,924 |  |  |  | - |  |  |  | 391,924 |
Other investments |  |  | 2,874 |  |  |  | - |  |  |  | - |  |  |  | 2,874 |  |  |  | 2,874 |
Mortgage loans held for sale |  |  | 686 |  |  |  | - |  |  |  | - |  |  |  | 686 |  |  |  | 686 |
Loans, net |  |  | 1,082,025 |  |  |  | - |  |  |  | - |  |  |  | 1,071,178 |  |  |  | 1,071,178 |
Mutual funds held in deferred compensation trust |  |  | 2,171 |  |  |  | 2,171 |  |  |  | - |  |  |  | - |  |  |  | 2,171 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,392,045 |  |  |  | - |  |  |  | - |  |  |  | 1,397,351 |  |  |  | 1,397,351 |
Securities sold under agreements to repurchase |  |  | 86,715 |  |  |  | - |  |  |  | 86,715 |  |  |  | - |  |  |  | 86,715 |
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 |
summary of present the balance of mutual funds |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2023 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mutual funds held in deferred compensation trust |  | $ | 2,171 |  |  |  | - |  |  |  | 2,171 |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
Mutual funds held in deferred compensation trust |  | $ | 1,327 |  |  |  | - |  |  |  | 1,327 |  |  |  | - |

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