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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Measurements [Abstract]

Fair Value Assets Measured On Recurring Basis

			Carrying Value at September 30, 2024 (in thousands)
			Quoted Prices		Significant
			in Active		Other		Significant
	Balance as of		Markets for		Observable		Unobservable
	Sept 30,		Identical Assets		Inputs		Inputs
Description	2024		(Level 1)		(Level 2)		(Level 3)
US agency obligations	$              70,217		$                        -		$              70,217		$                        -
Mortgage-backed securities	64,697		-		64,697		-
Municipals	43,380		-		43,380		-
Corporates	14,175		-		14,175		-
Total available-for-sale securities	$            192,469		$                        -		$            192,469		$                        -
IRLCs - asset	156		-		-		156
Total assets at fair value	$            192,625		$                        -		$            192,469		$                   156
			Carrying Value at December 31, 2023 (in thousands)
			Quoted Prices		Significant
			in Active		Other		Significant
	Balance as of		Markets for		Observable		Unobservable
	Dec 31,		Identical Assets		Inputs		Inputs
Description	2023		(Level 1)		(Level 2)		(Level 3)
US Treasuries	$                4,947		$                        -		$                4,947		$                        -
US agency obligations	60,955		-		60,955		-
Mortgage-backed securities	95,079		-		95,079		-
Municipals	40,789		-		40,789		-
Corporates	14,740		-		14,740		-
Total available-for-sale securities	$            216,510		$                        -		$            216,510		$                        -
IRLCs - asset	129		-		-		129
Total assets at fair value	$            216,639		$                        -		$            216,510		$                   129

Quantitative Information About Assets Measured At Fair Value Level

	Quantitative information about Level 3 Fair Value Measurements for September 30, 2024
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs – asset	$	156		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, 2023
	(dollars in thousands)
	Fair Value			Valuation Technique(s)		Unobservable Input		Range (Weighted Average) (1)
Assets
IRLCs - asset	$	129		Market approach		Range of pull through rate		70% - 100% (85%)

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

Fair Value Carrying And Notional Amounts

			Fair Value Measurements at September 30, 2024 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	$            22,692		$            22,692		$                      -		$                      -		$            22,692
Federal funds sold	86,515		86,515		-		-		86,515
Securities
Available-for-sale	192,469		-		192,469		-		192,469
Held-to-maturity, net	3,610		-		3,328		-		3,328
Restricted stock	1,821		-		1,821		-		1,821
Loans, net (1)	627,112		-		-		606,464		606,464
Loans held for sale	3,239		-		3,239		-		3,239
Interest receivable	2,697		-		2,697		-		2,697
Cash value - bank owned life insurance	22,716		-		22,716		-		22,716
Derivatives - IRLCs	156		-		-		156		156
Liabilities
Deposits	$          907,610		$                      -		$          839,366		$                      -		$          839,366
Capital notes	10,046		-		9,989		-		9,989
Other borrowings	9,444		-		9,481		-		9,481
Interest payable	758		-		758		-		758
			Fair Value Measurements at December 31, 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	$            25,613		$            25,613		$                      -		$                      -		$            25,613
Federal funds sold	49,225		49,225		-		-		49,225
Securities
Available-for-sale	216,510		-		216,510		-		216,510
Held-to-maturity	3,622		-		3,231		-		3,231
Restricted stock	1,541		-		1,541		-		1,541
Loans, net (1)	601,921		-		-		566,655		566,655
Loans held for sale	1,258		-		1,258		-		1,258
Interest receivable	2,835		-		2,835		-		2,835
Cash value - bank owned life insurance	21,586		-		21,586		-		21,586
Derivatives - IRLCs	129		-		-		129		129
Liabilities
Deposits	$          878,459		$                      -		$          876,846		$                      -		$          876,846
Capital notes	10,042		-		9,854		-		9,854
Other borrowings	9,890		-		9,861		-		9,861
Interest payable	480		-		480		-		480

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

X

- Definition

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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

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).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Paragraph 2
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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

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-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
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