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Fair Value of Assets and Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of fair value, assets measured on recurring basis |
($ in thousands) |  | Fair value at September 30, 2021 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
U.S. Treasury and Government Agencies |  | $ | 11,715 |  |  | $ | - |  |  | $ | 11,715 |  |  | $ | - |
Mortgage-backed securities |  |  | 214,982 |  |  |  | - |  |  |  | 214,982 |  |  |  | - |
State and political subdivisions |  |  | 13,898 |  |  |  | - |  |  |  | 13,898 |  |  |  | - |
Other corporate securities |  |  | 8,220 |  |  |  | - |  |  |  | 8,220 |  |  |  | - |
Interest rate contracts - assets |  |  | 4,910 |  |  |  | - |  |  |  | 4,910 |  |  |  | - |
Interest rate contracts - liabilities |  |  | (4,910 | ) |  |  | - |  |  |  | (4,910 | ) |  |  | - |
Forward contracts |  |  | 285 |  |  |  | 285 |  |  |  | - |  |  |  | - |
IRLCs |  |  | (119 | ) |  |  | - |  |  |  | - |  |  |  | (119 | )
($ in thousands) |  | Fair value at December 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 September 30, |  |  | for the Nine Months Ended September 30, |
($ in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Interest Rate Lock Commitments |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 120 |  |  | $ | 392 |  |  | $ | 278 |  |  | $ | 55 |
Total realized gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value |  |  | (239 | ) |  |  | (102 | ) |  |  | (397 | ) |  |  | 235 |
Balance at end of period |  | $ | (119 | ) |  | $ | 290 |  |  | $ | (119 | ) |  | $ | 290 |
Schedule of fair value measurements, nonrecurring |
($ in thousands) |  | Fair value at September 30, 2021 |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Impaired loans |  | $ | 794 |  |  | $ | - |  |  | $ | - |  |  | $ | 794 |
Mortgage servicing rights |  |  | 11,194 |  |  |  | - |  |  |  | - |  |  |  | 11,194 |
($ in thousands) |  | Fair value at December 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 |
($ in thousands) |  | Fair value at September 30, 2021 |  |  | Valuation technique |  | Unobservable inputs |  | Range (weighted-average) |
Collateral-dependent impaired loans |  | $ | 794 |  |  | Market comparable properties |  | Comparability adjustments (%) |  |  | 0 - 12% (8 | )%
Mortgage servicing rights |  |  | 11,194 |  |  | Discounted cash flow |  | Discount Rate |  |  | 8.65 | %
|  |  |  |  |  |  |  | Constant prepayment rate |  |  | 12.01 | %
|  |  |  |  |  |  |  | P&I earnings credit |  |  | 0.08 | %
|  |  |  |  |  |  |  | T&I earnings credit |  |  | 0.13 | %
|  |  |  |  |  |  |  | Inflation for cost of servicing |  |  | 1.50 | %
IRLCs |  |  | (119 | ) |  | Discounted cash flow |  | Loan closing rates |  |  | 49% - 99 | %
($ in thousands) |  | Fair value at December 31, 2020 |  |  | Valuation technique |  | Unobservable inputs |  | Range (weighted-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 |
September 30, 2021 |  | amount |  |  | value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 138,015 |  |  | $ | 138,015 |  |  | $ | 138,015 |  |  | $ | - |  |  | $ | - |
Interest bearing time deposits |  |  | 2,651 |  |  |  | 2,651 |  |  |  | - |  |  |  | 2,651 |  |  |  | - |
Loans held for sale |  |  | 10,335 |  |  |  | 10,515 |  |  |  | - |  |  |  | 10,515 |  |  |  | - |
Loans, net of allowance for loan losses |  |  | 832,736 |  |  |  | 834,605 |  |  |  | - |  |  |  | - |  |  |  | 834,605 |
Federal Reserve and FHLB Bank stock, at cost |  |  | 5,303 |  |  |  | 5,303 |  |  |  | - |  |  |  | 5,303 |  |  |  | - |
Interest receivable |  |  | 2,954 |  |  |  | 2,954 |  |  |  | - |  |  |  | 2,954 |  |  |  | - |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,111,660 |  |  | $ | 1,112,208 |  |  | $ | 953,142 |  |  | $ | 159,066 |  |  | $ | - |
Short-term borrowings |  |  | 20,771 |  |  |  | 20,771 |  |  |  | - |  |  |  | 20,771 |  |  |  | - |
FHLB advances |  |  | 5,500 |  |  |  | 5,649 |  |  |  | - |  |  |  | 5,649 |  |  |  | - |
Trust preferred securities |  |  | 10,310 |  |  |  | 9,136 |  |  |  | - |  |  |  | 9,136 |  |  |  | - |
Subordinated debt, net of issuance costs |  |  | 19,534 |  |  |  | 21,281 |  |  |  | - |  |  |  | 21,281 |  |  |  | - |
Interest payable |  |  | 576 |  |  |  | 576 |  |  |  | - |  |  |  | 576 |  |  |  | - |
($ 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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