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Disclosures About Fair Value of Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets measured on recurring basis
($ in thousands)  Fair value at
December 31,
2022
   (Level 1)   (Level 2)   (Level 3) 
                 
U.S. Treasury and Government Agencies  $6,764   $
-
   $6,764   $
-
 
Mortgage-backed securities   205,835    
-
    205,835    
-
 
State and political subdivisions   11,103    
-
    11,103    
-
 
Other corporate securities   15,078    
-
    15,078    
-
 
Interest rate contracts - assets   5,538    
-
    5,538    
-
 
Interest rate contracts - liabilities   (5,538)   
-
    (5,538)   
-
 
Forward contracts   26    26    
-
    
-
 
IRLCs   (20)   
-
    
-
    (20)

 

($ 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 fair value measurements recognized in the accompanying consolidated balance sheets using significant unobservable (Level 3) inputs
   for the Twelve Months Ended
December 31,
 
($ in thousands)  2022   2021 
Interest Rate Lock Commitments        
Balance at beginning of period  $22   $278 
Total realized gains (losses)   
 
    
 
 
Change in fair value   (42)   (256)
Balance at end of period  $(20)  $22 

 

Schedule of fair value measurements, nonrecurring
($ in thousands)  Fair value at
December 31, 2022
   (Level 1)   (Level 2)   (Level 3) 
Impaired loans  $1,028   $
-
   $
-
   $1,028 
Mortgage servicing rights   1,448    
-
    
-
    1,448 

 

($ 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
   Fair value at         
($ in thousands)  December 31,
2022
   Valuation
technique
  Unobservable inputs  Range (weighted-
average)
 
               
Collateral-dependent impaired loans  $1,028   Market comparable properties  Comparability adjustments (%)   8 - 21% (12%)
Mortgage servicing rights   1,448   Discounted cash flow  Discount Rate   11.39%
           Constant prepayment rate   7.52%
           P&I earnings credit   4.35%
           T&I earnings credit   4.58%
           Inflation for cost of servicing   3.50%
                 
IRLCs   (20)  Discounted cash flow  Loan closing rates   41% - 99%

 

   Fair value at         
($ in thousands)  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 
December 31, 2022  amount   value   (Level 1)   (Level 2)   (Level 3) 
Financial assets                    
Cash and due from banks  $27,817   $27,817   $27,817   $
-
   $
-
 
Interest bearing time deposits   2,131    2,131    
-
    2,131    
-
 
Loans held for sale   2,073    2,100    
-
    2,100    
-
 
Loans, net of allowance for loan losses   948,257    945,699    
-
    
-
    945,699 
Federal Reserve and FHLB Bank stock, at cost   6,326    6,326    
-
    6,326    
-
 
Interest receivable   4,091    4,091    
-
    4,091    
-
 
                          
Financial liabilities                         
Deposits  $1,086,665   $1,090,718   $895,785   $194,933   $
-
 
Short-term borrowings   14,923    14,923    
-
    14,923    
-
 
FHLB advances   60,000    59,886    
-
    59,886    
-
 
Trust preferred securities   10,310    9,674    
-
    9,674    
-
 
Subordinated debt, net of issuance costs   19,594    18,959    -    18,959    - 
Interest payable   769    769    
-
    769    
-
 

 

($ 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    
-