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Disclosures About Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of recurring fair value measurements consolidated balance sheets

($ in thousands)		Fair value at March 31, 2022				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	8,408			$	-			$	8,408			$	-
Mortgage-backed securities			226,936				-				226,936				-
State and political subdivisions			13,170				-				13,170				-
Other corporate securities			16,797				-				16,797				-
Interest rate contracts - assets			482				-				482				-
Interest rate contracts - liabilities			(482	)			-				(482	)			-
Forward contracts			281				281				-				-
IRLCs			(155	)			-				-				(155	)

($ 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

Schedule of recurring fair value measurements consolidated balance sheets

		Three Months Ended March 31,
($ in thousands)		2022				2021
Interest Rate Lock Commitments
Balance at beginning of period		$	22			$	278
Total realized gains (losses)
Change in fair value			(177	)			(692	)
Balance at end of period		$	(155	)		$	(414	)

Schedule of valuation inputs, mortgage servicing rights

($ in thousands)		Fair value at March 31, 2022				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	819			$	-			$	-			$	819
Mortgage servicing rights			2,527				-				-				2,527

($ 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

Schedule of unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements

($ in thousands)		Fair value at March 31, 2022				Valuation technique		Unobservable inputs		Range (weighted- average)
Collateral-dependent impaired loans		$	819			Market comparable properties		Comparability adjustments (%)			11.5 - 18.2% (14	%)
Mortgage servicing rights			2,527			Discounted cash flow		Discount Rate			9.77	%
								Constant prepayment rate			7.57	%
								P&I earnings credit			0.46	%
								T&I earnings credit			1.90	%
								Inflation for cost of servicing			1.50	%
IRLCs			(155	)		Discounted cash flow		Loan closing rates			43% - 99	%

($ in thousands)		Fair value at December 31, 2021				Valuation technique		Unobservable inputs		Range (weighted- average)
Collateral-dependent impaired loans		$	464			Market comparable properties		Comparability adjustments (%)			6.4 - 18% (13	%)
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	%

Schedule of estimated fair values financial instruments

($ in thousands)		Carrying				Fair				Fair value measurements using
March 31, 2022		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	130,003			$	130,003			$	130,003			$	-			$	-
Interest bearing time deposits			1,894				1,894				-				1,894				-
Loans held for sale			4,737				4,700				-				4,700				-
Loans, net of allowance for loan losses			836,866				839,070				-				-				839,070
Federal Reserve and FHLB Bank stock, at cost			5,303				5,303				-				5,303				-
Interest receivable			2,815				2,815				-				2,815				-
Mortgage servicing rights			13,135				14,433				-				-				14,433
Financial liabilities
Deposits		$	1,138,071			$	1,136,257			$	989,518			$	146,739			$	-
Short-term borrowings			19,035				19,035				-				19,035				-
FHLB advances			5,500				5,536				-				5,536				-
Trust preferred securities			10,310				9,669				-				9,669				-
Subordinated debt, net of issuance costs			19,558				21,218				-				21,218				-
Interest payable			536				536				-				536				-

($ 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				-
Mortgage servicing rights			12,034				12,629				-				-				12,629
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				-

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Estimated Fair Values Financial Instruments.

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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, 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
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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-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 and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef
-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://www.xbrl.org/2003/role/disclosureRef
-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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