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Fair Value (Tables)
3 Months Ended
Mar. 31, 2024
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)
March 31, 2024:
Securities available-for-sale:
Agency obligations
 
$
52,751
52,751
Agency MBS
190,224
190,224
State and political subdivisions
17,795
17,795
Total securities available-for-sale
260,770
260,770
Total
 
assets at fair value
$
260,770
260,770
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
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quoted Prices in
Active Markets
Other
Significant
for
Observable
Unobservable
Carrying
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
March 31, 2024:
Loans held for sale
$
175
175
Loans, net
(1)
765
765
Other assets
(2)
965
965
Total assets at fair value
$
1,905
175
1,730
December 31, 2023:
Loans, net
(1)
$
783
783
Other assets
(2)
992
992
Total assets at fair value
$
1,775
1,775
(1)
Loans considered collateral dependent under ASC 326.
(2)
Represents MSRs, net, carried at lower of cost or
 
estimated fair value.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
Range of
Weighted
 
Carrying
 
Significant
 
Unobservable
Average
(Dollars in thousands)
Amount
Valuation Technique
Unobservable Input
Inputs
of Input
March 31, 2024:
Collateral dependent loans
$
765
Appraisal
Appraisal discounts
10.0
-
10.0
%
10.0
%
Mortgage servicing rights, net
965
Discounted cash flow
Prepayment speed or CPR
6.3
-
11.3
6.6
 
Discount rate
10.0
-
12.0
10.0
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
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
March 31, 2024:
Financial Assets:
Loans, net (1)
$
560,305
$
522,379
$
$
$
522,379
Loans held for sale
175
175
175
Financial Liabilities:
Time Deposits
$
190,603
$
188,651
$
$
188,651
$
December 31, 2023:
Financial Assets:
Loans, net (1)
$
550,431
$
526,372
$
$
$
526,372
Financial Liabilities:
Time Deposits
$
198,215
$
195,171
$
$
195,171
$
(1) Represents loans, net of allowance for credit losses.
 
The fair value of loans was measured using an
 
exit price notion.