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Fair Value of Assets and Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of fair value, assets measured on recurring basis |
($ in thousands) |  | Fair Values at 6/30/21 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
U.S. Treasury and Government Agencies |  | $ | 9,336 |  |  | $ | - |  |  | $ | 9,336 |  |  | $ | - |
Mortgage-backed securities |  |  | 185,687 |  |  |  | - |  |  |  | 185,687 |  |  |  | - |
State and political subdivisions |  |  | 13,221 |  |  |  | - |  |  |  | 13,221 |  |  |  | - |
Other corporate securities |  |  | 3,512 |  |  |  | - |  |  |  | 3,512 |  |  |  | - |
Interest rate contracts - assets |  |  | 5,445 |  |  |  | - |  |  |  | 5,445 |  |  |  | - |
Interest rate contracts - liabilities |  |  | (5,445 | ) |  |  | - |  |  |  | (5,445 | ) |  |  | - |
Forward contracts |  |  | (108 | ) |  |  | (108 | ) |  |  | - |  |  |  | - |
IRLCs |  |  | 120 |  |  |  | - |  |  |  | - |  |  |  | 120 |
($ in thousands) |  | Fair Values at 12/31/2020 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
U.S. Treasury and Government Agencies |  | $ | 6,864 |  |  | $ | - |  |  | $ | 6,864 |  |  | $ | - |
Mortgage-backed securities |  |  | 127,761 |  |  |  | - |  |  |  | 127,761 |  |  |  | - |
State and political subdivisions |  |  | 12,275 |  |  |  | - |  |  |  | 12,275 |  |  |  | - |
Other corporate securities |  |  | 2,506 |  |  |  | - |  |  |  | 2,506 |  |  |  | - |
Interest rate contracts - assets |  |  | 7,962 |  |  |  | - |  |  |  | 7,962 |  |  |  | - |
Interest rate contracts - liabilities |  |  | (7,962 | ) |  |  | - |  |  |  | (7,962 | ) |  |  | - |
Forward contracts |  |  | (265 | ) |  |  | (265 | ) |  |  | - |  |  |  | - |
IRLCs |  |  | 278 |  |  |  | - |  |  |  | - |  |  |  | 278 |
Schedule of recurring fair value measurements using significant unobservable (Level 3) inputs |
|  | for the Three Months Ended June 30, |  |  | for the Six Months Ended June 30, |
($ in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Interest Rate Lock Commitments |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (414 | ) |  | $ | 726 |  |  | $ | 278 |  |  | $ | 55 |
Total realized gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  |  | 534 |  |  |  | (334 | ) |  |  | (158 | ) |  |  | 337 |
Balance at end of period |  | $ | 120 |  |  | $ | 392 |  |  | $ | 120 |  |  | $ | 392 |
Schedule of fair value measurements, nonrecurring |
($ in thousands) |  | Fair values at 6/30/2021 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Impaired loans |  | $ | 639 |  |  | $ | - |  |  | $ | - |  |  | $ | 639 |
Mortgage servicing rights |  |  | 10,678 |  |  |  | - |  |  |  | - |  |  |  | 10,678 |
($ in thousands) |  |  | Fair values at 12/31/2020 |  |  |  | (Level 1) |  |  |  | (Level 2) |  |  |  | (Level 3) |
Impaired loans |  | $ | 3,544 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,544 |
Mortgage servicing rights |  |  | 7,759 |  |  |  | - |  |  |  | - |  |  |  | 7,759 |
Schedule of unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements |
|  | Fair value at |  |  | Valuation |  |  |  | Range (weighted- |
($ in thousands) |  | 6/30/2021 |  |  | technique |  | Unobservable inputs |  | average) |
Collateral-dependent impaired loans |  | $ | 639 |  |  | Market comparable properties |  | Comparability adjustments (%) |  |  | 0 - 15% (9 | %)
Mortgage servicing rights |  |  | 10,678 |  |  | Discounted cash flow |  | Discount Rate |  |  | 8.53 | %
|  |  |  |  |  |  |  | Constant prepayment rate |  |  | 12.17 | %
|  |  |  |  |  |  |  | P&I earnings credit |  |  | 0.10 | %
|  |  |  |  |  |  |  | T&I earnings credit |  |  | 0.14 | %
|  |  |  |  |  |  |  | Inflation for cost of servicing |  |  | 1.50 | %
IRLCs |  |  | 120 |  |  | Discounted cash flow |  | Loan closing rates |  |  | 47% - 99 | %
|  | Fair Value at |  |  | Valuation |  |  |  | Range (weighted- |
($ in thousands) |  | 12/31/2020 |  |  | technique |  | Unobservable inputs |  | average) |
Collateral-dependent impaired loans |  | $ | 3,544 |  |  | Market comparable properties |  | Comparability adjustments (%) |  |  | 0 - 43% (22 | %)
Mortgage servicing rights |  |  | 7,759 |  |  | Discounted cash flow |  | Discount Rate |  |  | 8.28 | %
|  |  |  |  |  |  |  | Constant prepayment rate |  |  | 20.87 | %
|  |  |  |  |  |  |  | P&I earnings credit |  |  | 0.14 | %
|  |  |  |  |  |  |  | T&I earnings credit |  |  | 0.24 | %
|  |  |  |  |  |  |  | Inflation for cost of servicing |  |  | 1.50 | %
IRLCs |  |  | 278 |  |  | Discounted cash flow |  | Loan closing rates |  |  | 49% - 100 | %
Schedule of estimated fair values financial instruments |
($ in thousands) |  | Carrying |  | Fair |  | Fair value measurements using
June 30, 2021 |  | amount |  | value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial assets |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 154,993 |  |  | $ | 154,993 |  |  | $ | 154,993 |  |  | $ | - |  |  | $ | - |
Interest bearing time deposits |  |  | 2,906 |  |  |  | 2,906 |  |  |  | - |  |  |  | 2,906 |  |  |  | - |
Loans held for sale |  |  | 8,731 |  |  |  | 8,921 |  |  |  | - |  |  |  | 8,921 |  |  |  | - |
Loans, net of allowance for loan losses |  |  | 837,207 |  |  |  | 839,479 |  |  |  | - |  |  |  | - |  |  |  | 839,479 |
Federal Reserve and FHLB Bank stock, at cost |  |  | 5,303 |  |  |  | 5,303 |  |  |  | - |  |  |  | 5,303 |  |  |  | - |
Interest receivable |  |  | 3,000 |  |  |  | 3,000 |  |  |  | - |  |  |  | 3,000 |  |  |  | - |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,091,034 |  |  | $ | 1,091,886 |  |  | $ | 918,337 |  |  | $ | 173,549 |  |  | $ | - |
Short-term borrowings |  |  | 25,096 |  |  |  | 25,096 |  |  |  | - |  |  |  | 25,096 |  |  |  | - |
FHLB advances |  |  | 5,500 |  |  |  | 5,681 |  |  |  | - |  |  |  | 5,681 |  |  |  | - |
Trust preferred securities |  |  | 10,310 |  |  |  | 8,936 |  |  |  | - |  |  |  | 8,936 |  |  |  | - |
Subordinated debt, net of issuance costs |  |  | 19,522 |  |  |  | 21,067 |  |  |  | - |  |  |  | 21,067 |  |  |  | - |
Interest payable |  |  | 417 |  |  |  | 417 |  |  |  | - |  |  |  | 417 |  |  |  | - |
($ in thousands) |  | Carrying |  | Fair |  | Fair value measurements using
December 31, 2020 |  | amount |  | value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial assets |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 140,690 |  |  | $ | 140,690 |  |  | $ | 140,690 |  |  | $ | - |  |  | $ | - |
Interest bearing time deposits |  |  | 5,823 |  |  |  | 5,823 |  |  |  | - |  |  |  | 5,823 |  |  |  | - |
Loans held for sale |  |  | 7,234 |  |  |  | 7,508 |  |  |  | - |  |  |  | 7,508 |  |  |  | - |
Loans, net of allowance for loan losses |  |  | 860,149 |  |  |  | 853,294 |  |  |  | - |  |  |  | - |  |  |  | 853,294 |
Federal Reserve and FHLB Bank stock, at cost |  |  | 5,303 |  |  |  | 5,303 |  |  |  | - |  |  |  | 5,303 |  |  |  | - |
Interest receivable |  |  | 3,799 |  |  |  | 3,799 |  |  |  | - |  |  |  | 3,799 |  |  |  | - |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,049,011 |  |  | $ | 1,050,558 |  |  | $ | 819,462 |  |  | $ | 231,096 |  |  | $ | - |
Short-term borrowings |  |  | 20,189 |  |  |  | 20,189 |  |  |  | - |  |  |  | 20,189 |  |  |  | - |
FHLB advances |  |  | 8,000 |  |  |  | 8,257 |  |  |  | - |  |  |  | 8,257 |  |  |  | - |
Trust preferred securities |  |  | 10,310 |  |  |  | 8,394 |  |  |  | - |  |  |  | 8,394 |  |  |  | - |
Interest payable |  |  | 616 |  |  |  | 616 |  |  |  | - |  |  |  | 616 |  |  |  | - |

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