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Fair Value (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quoted Prices in
Significant
Active Markets
Other
Significant
for
Observable
Unobservable
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
December 31, 2023:
Securities available-for-sale:
Agency obligations
 
$
53,879
53,879
Agency MBS
198,289
198,289
State and political subdivisions
18,742
18,742
Total securities available-for-sale
270,910
270,910
Total
 
assets at fair value
$
270,910
270,910
December 31, 2022:
Securities available-for-sale:
Agency obligations
 
$
125,617
125,617
Agency MBS
218,160
218,160
State and political subdivisions
61,527
61,527
Total securities available-for-sale
405,304
405,304
Total
 
assets at fair value
$
405,304
405,304
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quoted Prices in
Active Markets
Other
Significant
for
Observable
Unobservable
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
December 31, 2023:
Loans, net
(1)
$
783
783
Other assets
(2)
992
992
Total assets at fair value
$
1,775
1,775
December 31, 2022:
Loans, net
(3)
$
2,054
2,054
Other assets
(2)
1,151
1,151
Total assets at fair value
$
3,205
3,205
(1)
Loans considered collateral dependent under ASC 326
(2)
Represents MSRs, net carried at lower of cost or estimated fair value.
(3)
Loans considered impaired under ASC 310-10-35 Receivables, prior to the adoption
 
of ASC 326. This amount reflects
the recorded investment in impaired loans, net of any related allowance for loan losses.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
Carrying
Significant
Average
(Dollars in thousands)
Amount
Valuation Technique
 
Unobservable Input
Range
of Input
December 31, 2023:
Collateral dependent loans
$
783
Appraisal
Appraisal discounts
10.0
-
10.0
%
10.0
%
Mortgage servicing rights, net
992
Discounted cash flow
Prepayment speed or CPR
5.9
-
10.6
%
6.0
%
 
Discount rate
10.5
-
12.5
%
10.5
%
December 31, 2022:
Impaired loans
$
2,054
Appraisal
Appraisal discounts
10.0
-
10.0
%
10.0
%
Mortgage servicing rights, net
1,151
Discounted cash flow
Prepayment speed or CPR
5.2
-
18.6
%
7.6
%
 
Discount rate
9.5
-
11.5
%
9.5
%
Financial Instruments [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Hierarchy
Carrying
 
Estimated
Level 1
Level 2
Level 3
(Dollars in thousands)
amount
fair value
inputs
inputs
Inputs
December 31, 2023:
Financial Assets:
Loans, net (1)
$
550,431
$
526,372
$
$
$
526,372
Financial Liabilities:
Time Deposits
$
198,215
$
195,171
$
$
195,171
$
December 31, 2022:
Financial Assets:
Loans, net (1)
$
498,693
$
484,007
$
$
$
484,007
Financial Liabilities:
Time Deposits
$
150,375
$
150,146
$
$
150,146
$
(1) Represents loans, net and the allowance for credit losses.
 
The fair value of loans was measured using
 
an exit price notion.