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Disclosures About Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of fair value, assets measured on recurring basis

($ in thousands)		Fair value at September 30, 2022				(Level 1)				(Level 2)				(Level 3)
U.S. Treasury and Government Agencies		$	7,099			$	-			$	7,099			$	-
Mortgage-backed securities			209,479				-				209,479				-
State and political subdivisions			11,097				-				11,097				-
Other corporate securities			15,558				-				15,558				-
Interest rate contracts - assets			5,799				-				5,799				-
Interest rate contracts - liabilities			(5,799	)			-				(5,799	)			-
Forward contracts			265				265				-				-
IRLCs			(147	)			-				-				(147	)

($ 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

		for the Three Months Ended September 30,								for the Nine Months Ended September 30,
($ in thousands)		2022				2021				2022				2021
Interest Rate Lock Commitments
Balance at beginning of period		$	54			$	120			$	22			$	278
Change in fair value			(201	)			(239	)			(169	)			(397	)
Balance at end of period		$	(147	)		$	(119	)		$	(147	)		$	(119	)

Schedule of beginning and ending balances of recurring fair value measurements recognized in the accompanying consolidated balance sheets

($ in thousands)		Fair value at September 30, 2022				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	1,034			$	-			$	-			$	1,034
Mortgage servicing rights			1,583				-				-				1,583

($ 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 September 30, 2022				Valuation technique		Unobservable inputs		Range (weighted-average)
Collateral-dependent impaired loans		$	1,034			Market comparable properties		Comparability adjustments (%)			10.7 - 22.1% (13	%)
Mortgage servicing rights			1,583			Discounted cash flow		Discount Rate			11.89	%
								Constant prepayment rate			6.55	%
								P&I earnings credit			3.10	%
								T&I earnings credit			3.01	%
								Inflation for cost of servicing			1.50	%
IRLCs			(147	)		Discounted cash flow		Loan closing rates			42% - 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
September 30, 2022		amount				value				(Level 1)				(Level 2)				(Level 3)
Financial assets
Cash and due from banks		$	27,934			$	27,934			$	27,934			$	-			$	-
Interest bearing time deposits			2,134				2,134				-				2,134				-
Loans held for sale			2,979				2,934				-				2,934				-
Loans, net of allowance for loan losses			911,425				890,491				-				-				890,491
Federal Reserve and FHLB Bank stock, at cost			5,230				5,230				-				5,230				-
Interest receivable			3,556				3,556				-				3,556				-
Mortgage servicing rights			13,473				15,460				-				-				15,460
Financial liabilities
Deposits		$	1,085,893			$	1,080,874			$	910,691			$	170,183			$	-
Short-term borrowings			19,754				19,754				-				19,754				-
FHLB advances			35,000				34,896				-				34,896				-
Trust preferred securities			10,310				9,589				-				9,589				-
Subordinated debt, net of issuance costs			19,582				18,710				-				18,710				-
Interest payable			623				623				-				623				-

($ 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI https://asc.fasb.org/extlink&oid=126976982&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).

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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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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