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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Values of Financial Instruments
The fair values of the Corporation’s financial instruments not required to be measured or reported at fair value are as follows at December 31, 2022 and 2021:
   Fair Value Measurements at December 31, 2022
(In Thousands)Carrying ValueFair ValueQuoted Prices in Active Markets for Identical Assets (Level I)Significant Other Observable Inputs (Level II)Significant Unobservable Inputs
(Level III)
Financial assets:     
Loans held for sale$3,298 $3,298 $3,298 $— $— 
Loans, net1,624,094 1,594,073 — — 1,594,073 
     
Financial liabilities:
Time deposits$146,282 $137,559 $— $— $137,559 
Short-term borrowings153,349 153,349 153,349 — — 
Long-term borrowings102,783 99,118 — — 99,118 

   Fair Value Measurements at December 31, 2021
(In Thousands)Carrying ValueFair ValueQuoted Prices in Active Markets for Identical Assets (Level I)Significant Other Observable Inputs (Level II)Significant Unobservable Inputs (Level III)
Financial assets:     
Loans held for sale$3,725 $3,725 $3,725 $— $— 
Loans, net1,377,971 1,379,787 — — 1,379,787 
Financial liabilities:
Time deposits$205,367 $204,512 $— $— $204,512 
Short-term borrowings5,747 5,747 5,747 — — 
Long-term borrowings125,963 127,679 — — 127,679