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Disclosures About Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of fair value, assets measured on recurring basis

($ in thousands)		Fair value at December 31, 2021				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	9,105			$	-			$	9,105			$	-
Mortgage-backed securities			228,134				-				228,134				-
State and political subdivisions			12,879				-				12,879				-
Other corporate securities			13,141				-				13,141				-
Interest rate contracts - assets			3,655				-				3,655				-
Interest rate contracts - liabilities			(3,655	)			-				(3,655	)			-
Forward contracts			(32	)			(32	)			-				-
IRLCs			22				-				-				22

($ 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 fair value measurements, nonrecurring

($ in thousands)		Fair value at December 31, 2021				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	464			$	-			$	-			$	464
Mortgage servicing rights			3,301				-				-				3,301

($ 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 December 31, 2021

Valuation technique

Unobservable inputs

Range (weighted- average)

Collateral-dependent impaired loans

$

464

Market comparable

Comparability adjustments (%)

6.4 - 18% (13%)

properties

Mortgage servicing rights

3,301

Discounted cash flow

Discount Rate

8.65%

Constant prepayment rate

10.94%

P&I earnings credit

0.10%

T&I earnings credit

1.25%

Inflation for cost of servicing

1.50%

IRLCs

22

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

Comparability adjustments (%)

0 - 43% (22%)

properties

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
December 31, 2021		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	149,511			$	149,511			$	149,511			$	-			$	-
Interest bearing time deposits			2,643				2,643				-				2,643				-
Loans held for sale			7,472				7,561				-				7,561				-
Loans, net of allowance for loan losses			808,909				813,766				-				-				813,766
Federal Reserve and FHLB Bank stock, at cost			5,303				5,303				-				5,303				-
Interest receivable			2,920				2,920				-				2,920				-
Financial liabilities
Deposits		$	1,113,045			$	1,112,710			$	956,541			$	156,169			$	-
Short-term borrowings			15,320				15,320				-				15,320				-
FHLB advances			5,500				5,596				-				5,596				-
Trust preferred securities			10,310				9,067				-				9,067				-
Subordinated debt, net of issuance costs			19,546				20,581				-				20,581				-
Interest payable			299				299				-				299				-

($ 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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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).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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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).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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