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Disclosures about Fair Value of Assets and Liabilities (Tables)
9 Months Ended
Sep. 30, 2023
Disclosures about Fair Value of Assets and Liabilities [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis The following tables present 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 September 30, 2023 and December 31, 2022.
($ in thousands)  Fair value at
September 30,
2023
   (Level 1)   (Level 2)   (Level 3) 
                 
U.S. Treasury and Government Agencies  $6,272   $
            -
   $6,272   $
              -
 
Mortgage-backed securities   182,692    
-
    182,692    
-
 
State and political subdivisions   9,578    
-
    9,578    
-
 
Other corporate securities   14,226    
-
    14,226    
-
 
Interest rate contracts - assets   6,072    
-
    6,072    
-
 
Interest rate contracts - liabilities   (6,072)   
-
    (6,072)   
-
 
Forward contracts   85    85    
-
    
-
 
IRLCs   (24)   
-
    
-
    (24)
($ 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 nine months ended September 30, 2023 and 2022.
   for the Three Months Ended
September 30,
   for the Nine Months Ended
September 30,
 
($ in thousands)  2023   2022   2023   2022 
Interest rate lock commitments                
Balance at beginning of period  $(10)  $54   $(20)  $22 
Change in fair value   (14)   (201)   (4)   (169)
Balance at end of period  $(24)  $(147)  $(24)  $(147)
Schedule of Mortgage Servicing Rights are Tested for Impairment on a Quarterly Basis These mortgage servicing rights are tested for impairment on a quarterly basis.
($ in thousands)  Fair value at
September 30, 2023
   (Level 1)   (Level 2)   (Level 3) 
Collateral-dependent Individually evaluated loans  $1,560   $
        -
   $
        -
   $1,560 
Mortgage servicing rights   2,259    
-
    
-
    2,259 
($ 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 tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.
   Fair value at        Range 
($ in thousands)  September 30, 2023   Valuation
technique
  Unobservable inputs  (weighted-
average)
 
              
Collateral-dependent individually evaluated loans  $1,560  

Market comparable properties

  Comparability adjustments (%)   1 - 100% (17%) 
                
Mortgage servicing rights   2,259   Discounted cash flow  Discount rate   11.76% 
           Constant prepayment rate   8.32% 
           P&I earnings credit   5.32% 
           T&I earnings credit   5.23% 
           Inflation for cost of servicing   3.50% 
                 
IRLCs   (24)  Discounted cash flow  Loan closing rates   49% - 99% 
   Fair value at        Range 
($ in thousands)  December 31, 2022   Valuation technique  Unobservable inputs  (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 
September 30, 2023  amount   value   (Level 1)   (Level 2)   (Level 3) 
Financial assets                    
Cash and due from banks  $19,049   $19,049   $19,049   $
-
   $
-
 
Interest bearing time deposits   1,180    1,180    
-
    1,180    
-
 
Loans held for sale   3,206    3,194    
-
    3,194    
-
 
Loans, net of allowance for loan losses   973,231    944,388    
-
    
-
    944,388 
Federal Reserve and FHLB Bank stock, at cost   6,261    6,261    
-
    6,261    
-
 
Interest receivable   4,457    4,457    
-
    4,457    
-
 
                          
Financial liabilities                         
Deposits  $1,085,319   $1,091,105   $841,553   $249,552   $
-
 
Short-term borrowings   16,519    16,519    
-
    16,519    
-
 
FHLB advances   59,500    58,624    
-
    58,624    
-
 
Trust preferred securities   10,310    9,343    
-
    9,343    
-
 
Subordinated debt, net of issuance costs   19,630    19,228    
-
    19,228    
-
 
Interest payable   2,216    2,216    
-
    2,216    
-
 
($ 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    
-