Fair Value (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Quoted Prices in

Significant

Active Markets

Other

Significant

for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(Dollars in thousands)

Amount

(Level 1)

(Level 2)

(Level 3)

September 30, 2023:

Securities available-for-sale:

Agency obligations 

$

122,750

—

122,750

—

Agency MBS

192,457

—

192,457

—

State and political subdivisions

58,079

—

58,079

—

Total securities available-for-sale

373,286

—

373,286

—

Total assets at fair value

$

373,286

—

373,286

—

December 31, 2022:

Securities available-for-sale:

Agency obligations 

$

125,617

—

125,617

—

Agency MBS

218,160

—

218,160

—

State and political subdivisions

61,527

—

61,527

—

Total securities available-for-sale

405,304

—

405,304

—

Total assets at fair value

$

405,304

—

405,304

—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Quoted Prices in

Active Markets

Other

Significant

for

Observable

Unobservable

Carrying

Identical Assets

Inputs

Inputs

(Dollars in thousands)

Amount

(Level 1)

(Level 2)

(Level 3)

September 30, 2023:

Loans, net

(1)

963

—

—

963

Other assets

(2)

1,011

—

—

1,011

Total assets at fair value

$

1,974

—

—

1,974

December 31, 2022:

Loans, net

(3)

2,054

—

—

2,054

Other assets

(2)

1,151

—

—

1,151

Total assets at fair value

$

3,205

—

—

3,205

(1)

Loans considered collateral dependent under ASC 326.

(2)

Represents MSRs, net, carried at lower of cost or estimated fair value.

(3)

Loans considered impaired under ASC 310-10-35 Receivables, prior to the adoption of ASC 326. This amount reflects the recorded 

investment in impaired loans, net of any related allowance for loan losses.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Range of

Weighted 

Carrying 

Significant 

Unobservable

Average

(Dollars in thousands)

Amount

Valuation Technique

Unobservable Input

Inputs

of Input

September 30, 2023:

Collateral dependent loans

$

963

Appraisal

Appraisal discounts

10.0

-

10.0

%

10.0

%

Mortgage servicing rights, net

1,011

Discounted cash flow

Prepayment speed or CPR

7.1

-

19.7

7.3

Discount rate

9.5

-

11.5

9.5

December 31, 2022:

Impaired loans

$

2,054

Appraisal

Appraisal discounts

10.0

-

10.0

%

10.0

%

Mortgage servicing rights, net

1,151

Discounted cash flow

Prepayment speed or CPR

5.2

-

18.6

7.5

Discount rate

9.5

-

11.5

9.5

Financial Instruments [Table Text Block]

Fair Value Hierarchy

Carrying

Estimated

Level 1

Level 2

Level 3

(Dollars in thousands)

amount

fair value

inputs

inputs

Inputs

September 30, 2023:

Financial Assets:

Loans, net (1)

$

538,832

$

501,725

$

—

$

—

$

501,725

Financial Liabilities:

Time Deposits

$

193,575

$

189,310

$

—

$

189,310

$

—

December 31, 2022:

Financial Assets:

Loans, net (1)

$

498,693

$

484,007

$

—

$

—

$

484,007

Financial Liabilities:

Time Deposits

$

150,375

$

150,146

$

—

$

150,146

$

—

(1) Represents loans, net of allowance for credit losses. The fair value of loans was measured using an exit price notion.