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FAIR VALUE (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are as follows at March 31, 2024 and December 31, 2023:

  Fair Value Measurements at March 31, 2024 Using:
Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
DescriptionTotal(Level 1)(Level 2)(Level 3)
Assets:
Securities Available-For-Sale:
U.S. Government sponsored entities$19,475 $14,482 $4,993 $— 
States and political subdivisions91,242 — 91,242 — 
Residential and multi-family mortgage184,782 — 184,782 — 
Corporate notes and bonds42,967 — 42,967 — 
Pooled SBA10,099 — 10,099 — 
Total Securities Available-For-Sale$348,565 $14,482 $334,083 $— 
Interest Rate swaps$1,560 $— $1,560 $— 
Equity Securities:
Corporate equity securities$5,416 $5,416 $— $— 
Mutual funds2,278 2,278 — — 
Money market funds1,355 1,355 — — 
Corporate notes532 — 532 — 
Total Equity Securities$9,581 $9,049 $532 $— 
Liabilities:
Interest Rate Swaps$(1,560)$— $(1,560)$— 
  Fair Value Measurements at December 31, 2023 Using:
  Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
DescriptionTotal(Level 1)(Level 2)(Level 3)
Assets:
Securities Available-For-Sale:
U.S. Government sponsored entities$4,988 $4,988 $— $— 
States and political subdivisions91,809 — 91,809 — 
Residential and multi-family mortgage191,519 — 191,519 — 
Corporate notes and bonds43,139 — 43,139 — 
Pooled SBA10,500 — 10,500 — 
Total Securities Available-For-Sale$341,955 $4,988 $336,967 $— 
Interest Rate swaps$1,013 $— $1,013 $— 
Equity Securities:
Corporate equity securities$5,341 $5,341 $— $— 
Mutual funds2,223 2,223 — — 
Money market funds1,103 1,103 — — 
Corporate notes634 — 634 — 
Total Equity Securities$9,301 $8,667 $634 $— 
Liabilities:
Interest Rate Swaps$(1,013)$— $(1,013)$— 
Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis are as follows at March 31, 2024 and December 31, 2023:

  Fair Value Measurements at March 31, 2024 Using
DescriptionTotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Collateral-dependent loans receivable:
Farmland$430 $— $— $430 
Owner-occupied, nonfarm nonresidential properties4,080 — — 4,080 
Commercial and industrial4,696 — — 4,696 
Other construction loans and all land development loans and other land loans1,255 — — 1,255 
Multifamily (5 or more) residential properties300 — — 300 
Non-owner occupied, nonfarm nonresidential6,970 — — 6,970 
Home equity lines of credit302 — — 302 
Residential Mortgages secured by first liens839 — — 839 
  Fair Value Measurements at December 31, 2023 Using
DescriptionTotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Assets:
Collateral-dependent loans receivable:
Farmland$736 $— $— $736 
Owner-occupied, nonfarm nonresidential properties5,589 — — 5,589 
Commercial and industrial7,425 — — 7,425 
Other construction loans and all land development loans and other land loans1,299 — — 1,299 
Multifamily (5 or more) residential properties305 — — 305 
Non-owner occupied, nonfarm nonresidential7,216 — — 7,216 
Home equity lines of credit308 — — 308 
Residential mortgages secured by first liens871 — — 871 
Schedule of Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Non Recurring Basis
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2024:
Fair
value		Valuation
Technique		Unobservable InputsRange
(Weighted
Average)
Collateral-dependent loans receivable:
Farmland$430 Valuation of third party appraisal on underlying collateralLoss severity rates
31% (31%)
Owner-occupied, nonfarm nonresidential properties4,080 Valuation of third party appraisal on underlying collateralLoss severity rates
0%-100% (31%)
Commercial and industrial4,696 Valuation of third party appraisal on underlying collateralLoss severity rates
4%-53% (20%)
Other construction loans and all land development loans and other land loans1,255 Valuation of third party appraisal on underlying collateralLoss severity rates
32% (32%)
Multifamily (5 or more) residential properties300 Valuation of third party appraisal on underlying collateralLoss severity rates
30% (30%)
Non-owner occupied, nonfarm nonresidential6,970 Valuation of third party appraisal on underlying collateralLoss severity rates
28%-49% (44%)
Home equity lines of credit302 Valuation of third party appraisal on underlying collateralLoss severity rates
17%-19% (17%)
Residential Mortgages secured by first liens839 Valuation of third party appraisal on underlying collateralLoss severity rates
19%-44% (33%)

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2023:
Fair
value		Valuation
Technique		Unobservable InputsRange
(Weighted
Average)
Collateral-dependent loans receivable:
Farmland$736 Valuation of third party appraisal on underlying collateralLoss severity rates
29%-31% (30%)
Owner-occupied, nonfarm nonresidential properties5,589 Valuation of third party appraisal on underlying collateralLoss severity rates
9%-100% (14%)
Commercial and industrial7,425 Valuation of third party appraisal on underlying collateralLoss severity rates
8%-75% (31%)
Other construction loans and all land development loans and other land loans1,299 Valuation of third party appraisal on underlying collateralLoss severity rates
32% (32%)
Multifamily (5 or more) residential properties305 Valuation of third party appraisal on underlying collateralLoss severity rates
28% (28%)
Non-owner occupied, nonfarm nonresidential7,216 Valuation of third party appraisal on underlying collateralLoss severity rates
32%-48% (43%)
Home equity lines of credit308 Valuation of third party appraisal on underlying collateralLoss severity rates
15%-17% (15%)
Residential mortgages secured by first liens871 Valuation of third party appraisal on underlying collateralLoss severity rates
17%-42% (31%)
Schedule of Carrying Amount and Fair Value of Financial Instruments
The following table presents the carrying amount and fair value of financial instruments at March 31, 2024:
 CarryingFair Value Measurement Using:Total
 AmountLevel 1Level 2Level 3Fair Value
ASSETS
Cash and cash equivalents$301,453 $301,453 $— $— $301,453 
Debt securities available-for-sale348,565 14,482 334,083 — 348,565 
Debt securities held-to-maturity381,706 104,088 248,050 — 352,138 
Equity securities9,581 9,049 532 — 9,581 
Loans held for sale1,010 — 1,006 — 1,006 
Net loans receivable4,385,566 — — 4,268,986 4,268,986 
FHLB and other restricted stock holdings and investments31,017 n/an/an/an/a
Interest rate swaps1,560 — 1,560 — 1,560 
Accrued interest receivable24,978 503 2,350 22,125 24,978 
LIABILITIES
Deposits$(5,037,553)$(4,504,782)$(535,525)$— $(5,040,307)
Subordinated notes and debentures(104,963)— (135,210)— (135,210)
Interest rate swaps(1,560)— (1,560)— (1,560)
Accrued interest payable(5,314)— (5,314)— (5,314)

The following table presents the carrying amount and fair value of financial instruments at December 31, 2023:
 CarryingFair Value Measurement Using:Total
 AmountLevel 1Level 2Level 3Fair Value
ASSETS
Cash and cash equivalents$222,046 $222,046 $— $— $222,046 
Debt securities available-for-sale341,955 4,988 336,967 — 341,955 
Debt securities held-to-maturity388,968 104,141 256,429 — 360,570 
Equity securities9,301 8,667 634 — 9,301 
Loans held for sale675 — 677 — 677 
Net loans receivable4,422,644 — — 4,323,476 4,323,476 
FHLB and other restricted stock holdings and investments30,011 n/an/an/an/a
Interest rate swaps1,013 — 1,013 — 1,013 
Accrued interest receivable24,318 410 2,319 21,589 24,318 
LIABILITIES
Deposits$(4,998,750)$(4,492,256)$(508,181)$— $(5,000,437)
Subordinated notes and debentures(104,887)— (134,298)— (134,298)
Interest rate swaps(1,013)— (1,013)— (1,013)
Accrued interest payable(3,550)— (3,550)— (3,550)