Fair Value Accounting (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

					June 30, 2023
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale
Corporate bonds	$	-		1,874		-		1,874
US treasuries		-		875		-		875
US government agencies		-		10,810		-		10,810
State and political subdivisions		-		19,339		-		19,339
Asset-backed securities		-		5,568		-		5,568
Mortgage-backed securities		-		53,082		-		53,082
Mortgage loans held for sale		-		15,781		-		15,781
Mortgage loan interest rate lock commitments		-		177		-		177
MBS forward sales commitments		-		59		-		59
Derivative asset		-		2,750		-		2,750
Total assets measured at fair value on a recurring basis	$	-		110,315		-		110,315

	December 31, 2022
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Securities available for sale:
Corporate bonds	$	-		1,883		-		1,883
US treasuries		-		871		-		871
US government agencies		-		10,617		-		10,617
State and political subdivisions		-		18,906		-		18,906
Asset-backed securities		-		6,229		-		6,229
Mortgage-backed securities		-		54,841		-		54,841
Mortgage loans held for sale		-		3,917		-		3,917
Mortgage loan interest rate lock commitments		-		49		-		49
MBS forward sales commitments		-		27		-		27
Total assets measured at fair value on a recurring basis	$	-		97,340		-		97,340

Schedule of assets and liabilities measured at fair value on a nonrecurring basis

					As of June 30, 2023
(dollars in thousands)	Level 1		Level 2		Level 3		Total
Assets
Individually evaluated	$	-		306		3,636		3,942
Total assets measured at fair value on a nonrecurring basis	$	-		306		3,636		3,942
						As of December 31, 2022
(dollars in thousands)		Level 1		Level 2		Level 3		Total
Assets
Individually evaluated	$	-		429		4,071		4,500
Total assets measured at fair value on a nonrecurring basis	$	-		429		4,071		4,500

Schedule of unobservable inputs used in the fair value measurements

	Valuation Technique	Significant Unobservable Inputs	Range of Inputs
Individually evaluated loans	Appraised Value/ Discounted Cash Flows	Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal	0-25%

Schedule of estimated fair values of the company's financial instruments

					June 30, 2023
(dollars in thousands)	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost	$	12,550		12,550		-		-		12,550
Loans1		3,491,664		3,231,892		-		-		3,231,892
Financial Liabilities:
Deposits		3,433,018		3,013,696		-		3,013,696		-
Subordinated debentures		36,268		40,767		-		40,767		-
	December 31, 2022
(dollars in thousands)		Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Other investments, at cost	$	10,833		10,833		-		-		10,833
Loans1		3,227,455		3,057,891		-		-		3,057,891
Financial Liabilities:
Deposits		3,133,864		2,717,900		-		2,717,900		-
Subordinated debentures		36,214		39,885		-		39,885		-

¹ Carrying amount is net of the allowance for credit losses and individually evaluated loans.