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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Assets Measured On Recurring Basis

				Carrying Value at September 30, 2023 (in thousands)
				Quoted Prices			Significant			Significant
				in Active			Other			Unobservable
		Balance as of		Markets for			Observable			Inputs
		September 30,		Identical Assets			Inputs			(Level 3)
Description		2023		(Level 1)			(Level 2)
U.S. Treasuries	$	4,884		$	—		$	4,884		$	—
U.S. agency obligations		59,528			—			59,528			—
Mortgage-backed securities		65,285			—			65,285			—
Municipals		37,780			—			37,780			—
Corporates		14,500			—			14,500			—
Total available-for-sale securities	$	181,977		$	—		$	181,977		$	—
IRLCs - asset		50			—			—			50
Total assets at fair value	$	182,027		$	—		$	181,977		$	50

				Carrying Value at December 31, 2022 (in thousands)
				Quoted Prices			Significant			Significant
				in Active			Other			Unobservable
	Balance as of			Markets for			Observable			Inputs
	December 31,			Identical Assets			Inputs			(Level 3)
Description	2022			(Level 1)			(Level 2)
U.S. Treasuries	$	4,741		$	—		$	4,741		$	—
U.S. agency obligations		59,273			—			59,273			—
Mortgage-backed securities		67,842			—			67,842			—
Municipals		37,855			—			37,855			—
Corporates		16,076			—			16,076			—
Total available-for-sale securities	$	185,787		$	—		$	185,787		$	—
IRLCs – asset		91			—			—			91
Total assets at fair value	$	185,878		$	—		$	185,787		$	91

Impaired Loans And Other Real Estate Owned Measured At Fair Value On A Nonrecurring Basis

				Carrying Value at December 31, 2022
Description	Balance as of December 31, 2022			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Impaired loans*	$	854		$	—		$	—		$	854
Other real estate owned		566			—			—			566

* Includes loans charged down to the net realizable value of the collateral.

Fair Value Carrying And Notional Amounts

			Fair Value Measurements at September 30, 2023 using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
	Carrying		Identical Assets		Inputs		Inputs
Assets	Amounts		(Level 1)		(Level 2)		(Level 3)		Balance
Cash and due from banks	$            20,105		$            20,105		$                      -		$                      -		$            20,105
Federal funds sold	79,424		79,424		-		-		79,424
Securities
Available-for-sale	181,977		-		181,977		-		181,977
Held-to-maturity, net	3,626		-		3,028		-		3,028
Restricted stock	1,541		-		1,541		-		1,541
Loans, net (1)	599,585		-		-		561,420		561,420
Loans held for sale	3,325		-		3,325		-		3,325
Interest receivable	2,707		-		2,707		-		2,707
BOLI	21,443		-		21,443		-		21,443
Derivatives - IRLCs	50		-		-		50		50
Liabilities
Deposits	$          880,203		$                      -		$          876,005		$                      -		876,005
Capital notes	10,041		-		9,411		-		9,411
Other borrowings	10,030		-		9,532		-		9,532
Interest payable	381		-		381		-		381
			Fair Value Measurements at December 31, 2022 using
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
	Carrying		Identical Assets		Inputs		Inputs
Assets	Amounts		(Level 1)		(Level 2)		(Level 3)		Balance
Cash and due from banks	30,025		$            30,025		$                      -		$                      -		$            30,025
Federal funds sold	31,737		31,737		-		-		31,737
Securities
Available-for-sale	185,787		-		185,787		-		185,787
Held-to-maturity	3,639		-		3,135		-		3,135
Restricted stock	1,387		-		1,387		-		1,387
Loans, net (1)	605,366		-		—		564,802		564,802
Loans held for sale	2,423		-		2,423		-		2,423
Interest receivable	2,736		-		2,736		-		2,736
BOLI	19,237		-		19,237		-		19,237
Derivatives - IRLCs	91		-		—		91		91
Liabilities
Deposits	$          848,138		$                      -		$          850,102		$                      -		$          850,102
Capital notes	10,037		-		9,200		-		9,200
Other borrowings	10,457		-		9,438		-		9,438
Interest payable	89		-		89		-		89

(1) Carrying amount is net of unearned income and the Allowance.  

Fair Value, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Quantitative Information About Assets Measured At Fair Value Level

The following table provides additional quantitative information about assets measured at fair value on a recurring basis and for which we have utilized Level 3 inputs to determine fair value:

	Quantitative information about Level 3 Fair Value Measurements for September 30, 2023
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs – asset	$	50		Market approach		Range of pull through rate		70% - 100% (85%)

(1)    Weighted based on the relative value of the instruments

	Quantitative information about Level 3 Fair Value Measurements for December 31, 2022
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs - asset	$	91		Market approach		Range of pull through rate		70% - 100% (85%)

(1)    Weighted based on the relative value of the instruments

Fair Value, Nonrecurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Quantitative Information About Assets Measured At Fair Value Level

	Quantitative information about Level 3 Fair Value Measurements for December 31, 2022
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
Impaired loans	$	854		Discounted appraised value		Selling cost		0% - 10% (8%)
						Discount for lack of marketability and age of appraisal		0% - 20% (6%)
OREO		566		Discounted appraised value		Selling cost		10%
						Discount for lack of marketability and age of appraisal		0% - 27% (26%)

(1)Weighted based on the relative value of the instruments.

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