Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

Assets and liabilities measured at fair value are summarized below.

Fair Value Measurements at December 31, 2023 using:

	(Level 1)		(Level 2)		(Level 3)
Assets measured at fair value on a recurring basis:
Securities available for sale
U.S. Treasury securities and obligations of    U.S. Government agencies	$	—	$	67,658	$	—
Obligations of states and political subdivisions		—		338,599		—
Mortgage-backed securities in government    sponsored entities		—		212,015		—
Total securities available for sale		—		618,272		—
Equity securities		—		2,169		—
Swap asset		—		12,481		—
Liabilities measured at fair value on a recurring    basis:
Swap liability		—		12,481		—
Assets measured at fair value on a nonrecurring    basis:
Mortgage servicing rights	$	—	$	—	$	3,018

Fair Value Measurements at December 31, 2022 using:

	(Level 1)		(Level 2)		(Level 3)
Assets measured at fair value on a recurring basis:
Securities available for sale
U.S. Treasury securities and obligations of    U.S. Government agencies	$	—	$	61,029	$	—
Obligations of states and political subdivisions		—		317,248		—
Mortgage-backed securities in government    sponsored entities		—		237,125		—
Total securities available for sale		—		615,402		—
Equity securities		—		2,190		—
Swap asset		—		16,579		—
Liabilities measured at fair value on a recurring    basis:
Swap liability		—		16,579		—
Assets measured at fair value on a nonrecurring    basis:
Mortgage servicing rights	$	—	$	—	$	2,689

Quantitative Information about Level 3 Fair Value Measurements

The following tables presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2023 and 2022.

	Quantitative Information about Level 3 Fair Value Measurements
December 31, 2023	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
Mortgage Servicing Rights	$	3,018	Discounted Cash Flows	Constant Prepayment Rate	4.6% -11%	6%
				Discount Rate	12%	12%

	Quantitative Information about Level 3 Fair Value Measurements
December 31, 2022	Fair Value		Valuation Technique	Unobservable Input	Range	Weighted Average
Mortgage Servicing Rights	$	2,689	Discounted Cash Flows	Constant Prepayment Rate	5% -20%	7%
				Discount Rate	12%	12%

Carrying Amount and Fair Value of Financial Instruments Carried at Amortized Cost

The carrying amount and fair value of financial instruments carried at amortized cost were as follows:

December 31, 2023	Carrying Amount		Total Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from financial institutions	$	60,406	$	60,406	$	60,406	$	—	$	—
Other securities		29,998		29,998		29,998		—		—
Loans, held for sale		1,725		1,725		1,725		—		—
Loans, net of allowance for loan losses		2,824,568		2,679,988		—		—		2,679,988
Bank owned life insurance		61,335		61,335		61,335		—		—
Accrued interest receivable		12,819		12,819		12,819		—		—
Financial Liabilities:
Nonmaturing deposits		2,084,216		2,084,216		2,084,216		—		—
Time deposits		900,812		899,443		—		—		899,443
Short-term FHLB advances		338,000		337,267		337,267		—		—
Long-term FHLB advances		2,392		2,419		—		—		2,419
Securities sold under agreement to repurchase		—		—		—		—		—
Subordinated debentures		103,943		101,563		—		—		101,563
Other borrowings		9,859		9,859		—		—		9,859
Accrued interest payable		9,525		9,525		9,525		—		—

NOTE 17 - FAIR VALUE MEASUREMENT (Continued)

December 31, 2022	Carrying Amount		Total Fair Value		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from financial institutions	$	43,361	$	43,361	$	43,361	$	—	$	—
Other securities		33,585		33,585		33,585		—		—
Loans, held for sale		683		698		698		—		—
Loans, net of allowance for loan losses		2,619,770		2,528,906		—		—		2,528,906
Bank owned life insurance		53,543		53,543		53,543		—		—
Accrued interest receivable		11,178		11,178		11,178		—		—
Financial Liabilities:
Nonmaturing deposits		2,300,215		2,300,215		2,300,215		—		—
Time deposits		319,769		318,886		—		—		318,886
Short-term FHLB advances		393,700		393,247		393,247		—		—
Long-term FHLB advances		3,578		3,534		—		—		3,534
Securities sold under agreement to repurchase		25,143		25,143		25,143		—		—
Subordinated debentures		103,799		98,513		—		—		98,513
Other borrowings		15,516		15,806		—		—		15,806
Accrued interest payable		668		668		668		—		—