Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Values of Financial Instruments [Abstract]

Fair Value, Assets Measured on Recurring Basis

	Fair Value Measurement Reporting Date using
Description	Total		Level 1		Level 2		Level 3
December 31, 2023
ASSETS
U.S. Treasury securities	$	53,600	$	—	$	53,600	$	—
U.S. Government agencies		15,996		—		15,996		—
States and political subdivisions		129,479		—		129,479		—
Mortgage-backed securities-government
sponsored entities		207,184		—		207,184		—
Interest rate derivatives		1,225		—		1,225		—
LIABILITIES
Interest rate derivatives		1,225		—		1,225		—
December 31, 2022
ASSETS
U.S. Treasury securities	$	41,854	$	—	$	41,854	$	—
U.S. Government agencies		18,323		—		18,323		—
States and political subdivisions		127,852		—		127,852		—
Mortgage-backed securities-government
sponsored entities		230,898		—		230,898		—
Interest rate derivatives		1,464		—		1,464		—
LIABILITIES
Interest rate derivatives		1464		—		1464		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

	Fair Value Measurement Reporting Date using
Description	Total		Level 1		Level 2		Level 3
December 31, 2023
Individually analyzed loans held for investment	$	7,487	$	—	$	—	$	7,487
Foreclosed real estate		97		—		—		97
December 31, 2022
Impaired loans	$	413	$	—	$	—	$	413
Foreclosed real estate		346		—		—		346

Additional Qualitative Information about Level 3 Assets

	Quantitative Information about Level 3 Fair Value Measurements
(dollars in thousands)	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
December 31, 2023
Individually analyzed loans held for investment	$	7,487	Appraisal of collateral(1)	Appraisal adjustments(2)	0%-10.0% (2.68%)
Foreclosed real estate owned	$	97	Appraisal of collateral(1)	Liquidation Expenses(2)	16.67%-37.20% (28.07%)

	Quantitative Information about Level 3 Fair Value Measurements
(dollars in thousands)	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
December 31, 2022
Impaired loans	$	413	Appraisal of collateral(1)	Appraisal adjustments(2)	0%-10.0% (8.92%)
Foreclosed real estate owned	$	346	Appraisal of collateral(1)	Liquidation Expenses(2)	7.00% ‎(7.00%)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Fair Value, by Balance Sheet Grouping

	Fair Value Measurements at December 31, 2023
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents (1)	$	66,120	$	66,120	$	66,120	$	—	$	—
Loans receivable, net		1,584,650		1,521,667		—		—		1,521,667
Mortgage servicing rights		188		506		—		—		506
Regulatory stock (1)		7,318		7,318		7,318		—		—
Bank owned life insurance (1)		46,439		46,439		46,439		—		—
Accrued interest receivable (1)		8,123		8,123		8,123		—		—
Financial liabilities:
Deposits		1,795,159		1,800,104		1,086,050		—		714,054
Short-term borrowings (1)		74,076		74,076		74,076		—		—
Other borrowings		124,236		124,058		—		—		124,058
Accrued interest payable (1)		10,510		10,510		10,510		—		—
Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		—		—		—		—		—

	Fair Value Measurements at December 31, 2022
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents (1)	$	31,866	$	31,866	$	31,866	$	—	$	—
Loans receivable, net		1,456,946		1,418,300		—		—		1,418,300
Mortgage servicing rights		213		498		—		—		498
Regulatory stock (1)		5,418		5,418		5,418		—		—
Bank owned life insurance (1)		43,364		43,364		43,364		—		—
Accrued interest receivable (1)		6,917		6,917		6,917		—		—
Financial liabilities:
Deposits		1,727,727		1,727,184		1,223,958		—		503,226
Short-term borrowings (1)		93,215		93,215		93,215		—		—
Other borrowings		40,000		40,074		—		—		40,074
Accrued interest payable (1)		2,653		2,653		2,653		—		—
Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		—		—		—		—		—

(1) This financial instrument is carried at cost, which approximates the fair value of the instrument.