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Disclosures About Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis The following table presents the fair value measurements of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fell at June 30, 2023 and December 31, 2022.
($ in thousands)  Fair value at
June 30,
2023
   (Level 1)   (Level 2)   (Level 3) 
U.S. Treasury and Government Agencies  $7,203   $-   $7,203   $- 
Mortgage-backed securities   195,871    -    195,871    - 
State and political subdivisions   10,765    -    10,765    - 
Other corporate securities   14,157    -    14,157    - 
Interest rate contracts - assets   5,167    -    5,167    - 
Interest rate contracts - liabilities   (5,167)   -    (5,167)   - 
Forward contracts   48    48    -    - 
IRLCs   (10)   -    -    (10)
($ in thousands)  Fair value at
December 31,
2022
   (Level 1)   (Level 2)   (Level 3) 
U.S. Treasury and Government Agencies  $6,764   $-   $6,764   $- 
Mortgage-backed securities   205,835    -    205,835    - 
State and political subdivisions   11,103    -    11,103    - 
Other corporate securities   15,078    -    15,078    - 
Interest rate contracts - assets   5,538    -    5,538    - 
Interest rate contracts - liabilities   (5,538)   -    (5,538)   - 
Forward contracts   26    26    -    - 
IRLCs   (20)   -    -    (20)
Schedule of Fair Value Measurements Recognized in the Accompanying Consolidated Balance Sheets Using Significant Unobservable (Level 3) Inputs The following table reconciles the beginning and ending balances of recurring fair value measurements recognized in the accompanying consolidated balance sheets using significant unobservable (Level 3) inputs for the three and six months ended June 30, 2023 and 2022.
   for the Three Months Ended
June 30,
   for the Six Months Ended
June 30,
 
($ in thousands)  2023   2022   2023   2022 
Interest rate lock commitments                
Balance at beginning of period  $45   $(155)  $(20)  $22 
Change in fair value   (55)   209    10    32 
Balance at end of period  $(10)  $54   $(10)  $54 
Schedule of Mortgage Servicing Rights are Tested for Impairment on a Quarterly Basis These mortgage servicing rights are tested for impairment on a quarterly basis.
($ in thousands)  Fair value at
June 30,
2023
   (Level 1)   (Level 2)   (Level 3) 
Collateral-dependent Individually evaluated loans  $1,057   $  -   $  -   $1,057 
Mortgage servicing rights   1,273    -    -    1,273 
($ in thousands)  Fair value at
December 31,
2022
   (Level 1)   (Level 2)   (Level 3) 
Collateral-dependent impaired loans  $1,028   $  -   $  -   $1,028 
Mortgage servicing rights   1,448    -    -    1,448 
Schedule of Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.
($ in thousands)  Fair value at
June 30,
2023
   Valuation
technique
  Unobservable inputs  Range (weighted-
average)
 
               
Collateral-dependent individually evaluated loans  $1,057   Market comparable properties  Comparability adjustments (%)   1 - 23% (6%) 
                 
Mortgage servicing rights   1,273   Discounted cash flow  Discount rate   11.64%
           Constant prepayment rate   6.99%
           P&I earnings credit   5.13%
           T&I earnings credit   5.08%
           Inflation for cost of servicing   3.50%
                 
IRLCs   (10)  Discounted cash flow  Loan closing rates   48% - 99% 
($ in thousands)  Fair value at
December 31,
2022
   Valuation
technique
  Unobservable inputs  Range (weighted-
average)
 
                 
Collateral-dependent impaired loans  $1,028   Market comparable properties  Comparability adjustments (%)   8 - 21% (12%) 
                 
Mortgage servicing rights   1,448   Discounted cash flow  Discount rate   11.39%
           Constant prepayment rate   7.52%
           P&I earnings credit   4.35%
           T&I earnings credit   4.58%
           Inflation for cost of servicing   3.50%
                 
IRLCs   (20)  Discounted cash flow  Loan closing rates   41% - 99% 
Schedule of Estimated Fair Values Financial Instruments the Company does not know whether the fair values shown below represent values at which the respective financial instruments could be sold individually or in the aggregate
($ in thousands)  Carrying   Fair   Fair value measurements using 
June 30, 2023  amount   value   (Level 1)   (Level 2)   (Level 3) 
Financial assets                    
Cash and due from banks  $20,993   $20,993   $20,993   $-   $- 
Interest bearing time deposits   1,180    1,180    
-
    1,180    
-
 
Loans held for sale   5,684    5,720    
-
    5,720    
-
 
Loans, net of allowance for loan losses   969,029    934,906    
-
    
-
    934,906 
Federal Reserve and FHLB Bank stock, at cost   7,634    7,634    
-
    7,634    
-
 
Interest receivable   4,079    4,079    
-
    4,079    
-
 
                          
Financial liabilities                         
Deposits  $1,071,156   $1,075,816   $831,439   $244,377   $- 
Short-term borrowings   21,118    21,118    
-
    21,118    
-
 
FHLB advances   81,300    80,789    
-
    80,789    
-
 
Trust preferred securities   10,310    9,609    
-
    9,609    
-
 
Subordinated debt, net of issuance costs   19,618    19,018    
-
    19,018    
-
 
Interest payable   1,866    1,866    
-
    1,866    
-
 
($ in thousands)  Carrying   Fair   Fair value measurements using 
December 31, 2022  amount   value   (Level 1)   (Level 2)   (Level 3) 
Financial assets                    
Cash and due from banks  $27,817   $27,817   $27,817   $-   $- 
Interest bearing time deposits   2,131    2,131    
-
    2,131    
-
 
Loans held for sale   2,073    2,100    
-
    2,100    
-
 
Loans, net of allowance for loan losses   948,257    945,699    
-
    
-
    945,699 
Federal Reserve and FHLB Bank stock, at cost   6,326    6,326    
-
    6,326    
-
 
Interest receivable   4,091    4,091    
-
    4,091    
-
 
                          
Financial liabilities                         
Deposits  $1,086,665   $1,090,718   $895,785   $194,933   $- 
Short-term borrowings   14,923    14,923    
-
    14,923    
-
 
FHLB advances   60,000    59,886    
-
    59,886    
-
 
Trust preferred securities   10,310    9,674    
-
    9,674    
-
 
Subordinated debt, net of issuance costs   19,594    18,959    
-
    18,959    
-
 
Interest payable   769    769    
-
    769    
-