Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table summarizes financial assets measured at fair value on a recurring basis as of December 31, 2023 and 2022, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

(in thousands)	December 31, 2023		December 31, 2022
Available for Sale Securities Fair Value Measurements Using:
Level 1: Quoted Prices in Active Markets For Identical Assets	$	49,830	$	98,466
Level 2: Significant Other Observable Inputs	23,172		21,890
Level 3: Significant Unobservable Inputs	10,483		11,102
Securities available for sale measured at fair value	$	83,485	$	131,458

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table reconciles assets measured at fair value on a recurring basis using unobservable inputs (Level 3):

	Level 3 Changes
(in thousands)	December 31, 2023		December 31, 2022
Balance, beginning of year	$	11,102	$	12,305
Total gains or losses (realized/unrealized):
Included in earnings	—		—
Included in other comprehensive income	(38)		(676)
Purchases, sales, issuances and settlements, net	(581)		(527)
Transfers in and/or out of Level 3	—		—
Balance as of end of year	$	10,483	$	11,102

Schedule of Fair Value Measurements, Nonrecurring

The following table measures financial assets and financial liabilities measured at fair value on a non-recurring basis as of December 31, 2023 and December 31, 2022, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value:

(in thousands)	At December 31, 2023		At December 31, 2022
Fair Value Measurements Using: Loan Individually Evaluated for Impairment
Level 1: Quoted Prices in Active Markets For Identical Assets	$	—	$	—
Level 2: Significant Other Observable Inputs	—		—
Level 3: Significant Unobservable Inputs	8,083		2,251
Impaired loans measured at fair value	$	8,083	$	2,251
Fair Value Measurements Using: Other Real Estate Owned
Level 1: Quoted Prices in Active Markets For Identical Assets	$	—	$	—
Level 2: Significant Other Observable Inputs	1,250		—
Level 3: Significant Unobservable Inputs	—		113
Other real estate owned measured at fair value	$	1,250	$	113