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Fair Value of Assets and Liabilities (Tables)

9 Months Ended

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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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.

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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).

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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).

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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