Norwood Financial (NWFL) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 01, 2023
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Transition Report	false
Entity File Number	0-28364
Entity Registrant Name	Norwood Financial Corp
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2828306
Entity Address, Address Line One	717 Main Street
Entity Address, City or Town	Honesdale
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	18431
City Area Code	570
Local Phone Number	253-1455
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	NWFL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,069,350
Entity Central Index Key	0001013272
Amendment Flag	false
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 41,141	$ 28,847
Interest-bearing deposits with banks	13,005	3,019
Cash and cash equivalents	54,146	31,866
Securities available for sale, at fair value (net of allowance for credit losses of $0)	380,499	418,927
Loans receivable, net of allowance for credit losses of $16,086 and $16,999)	1,594,983	1,456,946
Regulatory stock, at cost	8,843	5,418
Bank premises and equipment, net	17,254	17,924
Bank owned life insurance	46,197	43,364
Accrued interest receivable	7,759	6,917
Foreclosed real estate owned	290	346
Deferred tax assets, net	25,610	23,549
Goodwill	29,266	29,266
Other intangibles	240	306
Other assets	14,911	12,241
TOTAL ASSETS	2,179,998	2,047,070
Deposits:
Non-interest bearing demand	430,242	434,529
Interest-bearing	1,316,582	1,293,198
Total deposits	1,746,824	1,727,727
Short-term borrowings	103,881	93,215
Other borrowings	137,447	40,000
Accrued interest payable	8,605	2,653
Other liabilities	18,539	16,390
TOTAL LIABILITIES	2,015,296	1,879,985
STOCKHOLDERS' EQUITY
Preferred stock, no par value per share, authorized: 5,000,000 shares; issued: none
Common stock, $0.10 par value per share, authorized: 20,000,000 shares, issued: 2023: 8,291,401 shares, 2022: 8,291,401 shares	829	829
Surplus	97,449	96,897
Retained earnings	137,363	130,020
Treasury stock at cost: 2023: 222,051 shares; 2022: 124,650 shares	(5,957)	(3,308)
Accumulated other comprehensive loss	(64,982)	(57,353)
TOTAL STOCKHOLDERS’ EQUITY	164,702	167,085
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,179,998	$ 2,047,070

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Consolidated Balance Sheets [Abstract]
Securities available for sale, at fair value, allowance for credit losses	$ 0	$ 0
Net of Allowance for Loan losses	$ 16,086	$ 16,999
Preferred Stock, No Par Value
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par Value Per Share	$ 0.10	$ 0.10
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	8,291,401	8,291,401
Treasury Stock, Shares	222,051	124,650

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
INTEREST INCOME
Loans receivable, including fees	$ 22,021	$ 17,114	$ 61,881	$ 48,203
Securities	2,433	2,473	7,418	6,564
Other	54	245	156	504
Total interest income	24,508	19,832	69,455	55,271
INTEREST EXPENSE
Deposits	7,017	1,557	17,119	3,699
Short-term borrowings	1,126	88	2,702	196
Other borrowings	1,326	17	2,860	212
Total interest expense	9,469	1,662	22,681	4,107
NET INTEREST INCOME	15,039	18,170	46,774	51,164
PROVISION FOR (RELEASE OF) CREDIT LOSS EXPENSE	882		(568)	600
NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES	14,157	18,170	47,342	50,564
OTHER INCOME
Other income	1,922	1,886	5,325	7,055
Net realized (losses) gains on sales of securities			(209)
Gains on sales of loans, net	18	1	27	1
Gain on sales of foreclosed real estate owned	13		13	427
Earnings and proceeds on bank owned life insurance	328	267	770	892
Other	174	345	520	1,760
Total other income	2,306	2,178	6,001	8,006
OTHER EXPENSES
Salaries and employee benefits	6,083	5,553	17,893	16,824
Occupancy, furniture & equipment, net	1,242	1,191	3,818	3,704
Data processing and related operations	876	736	2,465	2,031
Taxes, other than income	167	240	490	773
Professional fees	524	354	1,132	1,336
Federal Deposit Insurance Corporation insurance	254	143	699	468
Foreclosed real estate	9	4	112	66
Amortization of intangibles	20	24	66	78
Other	2,101	1,894	5,974	5,488
Total other expenses	11,276	10,139	32,649	30,768
INCOME BEFORE INCOME TAXES	5,187	10,209	20,694	27,802
INCOME TAX EXPENSE	1,068	2,100	4,289	5,709
NET INCOME	$ 4,119	$ 8,109	$ 16,405	$ 22,093
BASIC EARNINGS PER SHARE	$ 0.51	$ 1	$ 2.03	$ 2.71
DILUTED EARNINGS PER SHARE	$ 0.51	$ 1	$ 2.03	$ 2.71
Service Charges And Fees [Member]
OTHER INCOME
Other income	$ 1,527	$ 1,346	$ 4,192	$ 4,292
Income From Fiduciary Activities [Member]
OTHER INCOME
Other income	$ 246	$ 219	$ 688	$ 634

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income	$ 4,119	$ 8,109	$ 16,405	$ 22,093
Investment securities available for sale:
Unrealized holding gains (losses)	(13,586)	(25,739)	(9,867)	(76,340)
Tax Effect	2,853	5,404	2,073	16,031
Reclassification of investment securities losses recognized in net income			209
Tax Effect			(44)
Other comprehensive loss	(10,733)	(20,335)	(7,629)	(60,309)
Comprehensive Income (Loss)	$ (6,614)	$ (12,226)	$ 8,776	$ (38,216)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Common Stock [Member]	Surplus [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Beginning balance at Dec. 31, 2021	$ 827	$ 96,443		$ 110,015	$ (1,767)	$ (256)		$ 205,262
Beginning balance, shares at Dec. 31, 2021	8,266,751				65,328
Net Income				22,093				22,093
Other comprehensive loss						(60,309)		(60,309)
Cash dividends declared				(6,865)				(6,865)
Acquisition of treasury stock, shares					84,668
Acquisition of treasury stock					$ (2,204)			(2,204)
Compensation expense related to restricted stock, shares	7,500
Compensation expense related to restricted stock	$ 1	271						272
Stock options exercised		(130)			$ 529			399
Stock options exercised, shares	1,650				(19,950)
Compensation expense related to stock options		201						201
Ending balance, shares at Sep. 30, 2022	8,275,901				130,046
Ending balance at Sep. 30, 2022	$ 828	96,785		125,243	$ (3,442)	(60,565)		158,849
Beginning balance at Dec. 31, 2021	$ 827	96,443		110,015	$ (1,767)	(256)		$ 205,262
Beginning balance, shares at Dec. 31, 2021	8,266,751				65,328
Accounting Standards Update [Extensible Enumeration]								us-gaap:AccountingStandardsUpdate201613Member
Ending balance, shares at Dec. 31, 2022	8,291,401				124,650
Ending balance at Dec. 31, 2022	$ 829	96,897	$ (2,011)	130,020	$ (3,308)	(57,353)	$ (2,011)	$ 167,085
Beginning balance at Jun. 30, 2022	$ 828	96,752		119,414	$ (2,933)	(40,230)		173,831
Beginning balance, shares at Jun. 30, 2022	8,275,901				110,084
Net Income				8,109				8,109
Other comprehensive loss						(20,335)		(20,335)
Cash dividends declared				(2,280)				(2,280)
Acquisition of treasury stock, shares					36,687
Acquisition of treasury stock					$ (952)			(952)
Compensation expense related to restricted stock		101						101
Stock options exercised		(135)			$ 443			308
Stock options exercised, shares					(16,725)
Compensation expense related to stock options		67						67
Ending balance, shares at Sep. 30, 2022	8,275,901				130,046
Ending balance at Sep. 30, 2022	$ 828	96,785		125,243	$ (3,442)	(60,565)		158,849
Beginning balance at Dec. 31, 2022	$ 829	96,897	$ (2,011)	130,020	$ (3,308)	(57,353)	$ (2,011)	167,085
Beginning balance, shares at Dec. 31, 2022	8,291,401				124,650
Net Income				16,405				16,405
Other comprehensive loss						(7,629)		(7,629)
Cash dividends declared				(7,051)				(7,051)
Acquisition of treasury stock, shares					113,526
Acquisition of treasury stock					$ (3,077)			(3,077)
Compensation expense related to restricted stock		326						326
Stock options exercised		(61)			$ 428			$ 367
Stock options exercised, shares					(16,125)			16,125
Compensation expense related to stock options		287						$ 287
Ending balance, shares at Sep. 30, 2023	8,291,401				222,051
Ending balance at Sep. 30, 2023	$ 829	97,449		137,363	$ (5,957)	(64,982)		164,702
Beginning balance at Jun. 30, 2023	$ 829	97,268		135,583	$ (6,007)	(54,249)		173,424
Beginning balance, shares at Jun. 30, 2023	8,291,401				223,926
Net Income				4,119				4,119
Other comprehensive loss						(10,733)		(10,733)
Cash dividends declared				(2,339)				(2,339)
Compensation expense related to restricted stock		102						102
Stock options exercised		(17)			$ 50			33
Stock options exercised, shares					(1,875)
Compensation expense related to stock options		96						96
Ending balance, shares at Sep. 30, 2023	8,291,401				222,051
Ending balance at Sep. 30, 2023	$ 829	$ 97,449		$ 137,363	$ (5,957)	$ (64,982)		$ 164,702

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders’ Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Consolidated Statements of Changes in Stockholders’ Equity [Abstract]
Cash dividends declared	$ 0.29	$ 0.28	$ 0.87	$ 0.84

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 16,405	$ 22,093
Adjustments to reconcile net income to net cash provided by operating activities:
(Release of) Provision for credit losses	(568)	600
Depreciation	1,043	1,109
Amortization of intangible assets	66	78
Deferred income taxes	(33)	417
Net amortization of securities premiums and discounts	694	1,038
Net realized loss on sales of securities	209
Earnings and proceeds on life insurance policies	(770)	(892)
Gain on sales and write-downs of fixed assets and foreclosed real estate owned, net	163	(379)
Net amortization of loan fees	428	(281)
Net gain on sale of loans	(27)	(1)
Mortgage loans originated for sale	3,337	(435)
Proceeds from sale of loans originated for sale	(3,310)	437
Compensation expense related to stock options	287	201
Compensation expense related to restricted stock	326	272
Increase in accrued interest receivable	(842)	(414)
Increase in accrued interest payable	5,952	222
Other, net	(251)	319
Net cash provided by operating activities	23,109	24,384
Securities available for sale:
Proceeds from sales	3,345
Proceeds from maturities and principal reductions on mortgage-backed securities	24,523	32,945
Purchases		(130,828)
Purchase of regulatory stock	(15,242)	(1,019)
Redemption of regulatory stock	11,817	2,726
Net increase in loans	(140,442)	(76,553)
Proceeds of bank-owned life insurance	437	761
Purchase of bank-owned life insurance	(2,500)	(3,000)
Purchase of premises and equipment	(496)	(1,295)
Proceeds from sales of foreclosed real estate owned	305	1,823
Proceeds from sales of bank premises and fixed assets	1
Net cash used in investing activities	(118,252)	(174,440)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	19,097	12,003
Net increase in short-term borrowings	10,666	10,932
Repayments of other borrowings	(57,553)	(29,998)
Proceeds from other borrowings	155,000
Stock options exercised	367	399
Purchase of treasury stock	(3,077)	(2,204)
Cash dividends paid	(7,077)	(6,880)
Net cash provided by (used in) financing activities	117,423	(15,748)
Increase (decrease) in cash and cash equivalents	22,280	(165,804)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	31,866	206,681
CASH AND CASH EQUIVALENTS, END OF PERIOD	54,146	40,877
Cash payments for:
Interest on deposits and borrowings	16,729	3,885
Income taxes paid, net of refunds	4,777	5,372
Supplemental Schedule of Noncash Investing Activities:
Transfers of loans to foreclosed real estate and repossession of other assets	1,451	161
Dividends payable	$ 2,340	$ 2,281

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation The unaudited consolidated financial statements include the accounts of Norwood Financial Corp (the “Company”) and its wholly-owned subsidiary, Wayne Bank (the “Bank”) and the Bank’s wholly-owned subsidiaries, WCB Realty Corp., Norwood Investment Corp., and WTRO Properties, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in conformity with generally accepted accounting principles for interim financial statements and with instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. The financial statements reflect, in the opinion of management, all normal, recurring adjustments necessary to present fairly the consolidated financial position and results of operations of the Company. The operating results for the three-month and nine-month periods ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or any other future interim period. Accounting Pronouncements Adopted in 2023 In June 2016, the FASB issued ASU No. 2016-13 , " Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" and subsequent related updates. This ASU replaces the incurred loss methodology for recognizing credit losses and requires the Company to measure the current expected credit losses (“CECL”) on financial assets measured at amortized cost, including loans, off-balance sheet credit exposures such as unfunded commitments, and other financial instruments. In addition, ASC 326 requires credit losses on available-for-sale debt securities to be presented as an allowance rather than as a write-down when management does not intend to sell or believes that it is not more likely than not they will be required to sell. This guidance became effective on January 1, 2023 for the Bank. The results reported for periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable accounting standards. The Bank adopted this guidance, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans, available-for-sale debt securities and unfunded commitments. On January 1, 2023, the Bank recorded a cumulative effect decrease to retained earnings of $ 1,751,000 related to loans, $ 260,000 related to unfunded commitments, and $ 0 related to available-for-sale securities. The Bank adopted the provisions of ASC 326 related to financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30 using the prospective transition approach. In accordance with the standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. On January 1, 2023, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $ 250,000 of the allowance for credit losses (“ACL”). The Bank adopted the provisions of ASC 326 related to presenting other-than-temporary impairment on available-for-sale debt securities prior to January 1, 2023 using the prospective transition approach, though no such charges had been recorded on the securities held by the Bank as of the date of adoption. The impact of the change from the incurred loss model to the current expected credit loss model is detailed below (in thousands). January 1, 2023 Pre-adoption Adoption Impact As Reported Assets ACL on debt securities available for sale $ - $ - $ - ACL on loans Residential real estate 2,833 ( 1,545 ) 1,288 Commercial real estate 8,293 5,527 13,820 Agricultural 259 ( 200 ) 59 Construction 409 388 797 Commercial loans 2,445 ( 1,156 ) 1,289 Other agricultural loans 124 3 127 Consumer 2,636 ( 551 ) 2,085 Liabilities ACL for unfunded commitments - 329 329 $ 16,999 $ 2,795 $ 19,794 Purchased Credit Deteriorated (“PCD”) Loans The Bank has purchased loans, some of which have experienced more than insignificant credit deterioration since origination. A loan is considered a PCD loan if, at acquisition, it is probable that the Company will be unable to collect all contractually required payments receivable. PCD loans are recorded at the amount paid. An allowance for credit losses is determined using the same methodology as other loans held for investment. The initial allowance for credit losses determined on a collective basis is allocated to individual loans. The sum of the loan’s purchase price and allowance for credit losses becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent changes to the allowance for credit losses are recorded through credit loss expense. Allowance for Credit Losses - Loans The allowance for credit losses is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company’s loan portfolio is segmented by loan types that have similar risk characteristics and behave similarly during economic cycles. Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on a preferred group of macroeconomic indicators used to create projections of economic conditions, obtained from the St. Louis Federal Reserve economic database. The Company selected nine metrics which was correlated with the bank and its peer group’s historical loss patterns. The adjustments are then weighted for relevance before applying to each pool. Future macroeconomic forecast adjustments are then obtained using an eight-quarter moving average for each metric for the reasonable and supportable period. Each quarter, management reviews the recommended adjustment factors and applies any additional adjustments based on local and current conditions The Bank has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial loans that meet the following criteria: (1) when it is determined that foreclosure is probable, (2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, (3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Bank estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Allowance for Credit Losses – Available for Sale Securities The Bank measures expected credit losses on available-for-sale debt securities when the Bank does not intend to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Bank evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Bank considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Economic forecast data is utilized to calculate the present value of expected cash flows. The Bank obtains its forecast data through a subscription to a widely recognized and relied upon company who publishes various forecast scenarios. Management evaluates the various scenarios to determine a reasonable and supportable scenario, and utilizes a single scenario in the model. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The allowance for credit losses on available-for-sale debt securities is included within Investment securities available-for-sale on the consolidated balance sheet. Changes in the allowance for credit losses are recorded within Provision for credit losses on the consolidated statement of income. Losses are charged against the allowance when the Bank believes the collectability of an available-for-sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale debt securities totaled $ 1,787,000 at September 30, 2023 and is included within accrued interest receivable on the consolidated balance sheet. This amount is excluded from the estimate of expected credit losses. Available-for-sale debt securities are typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available-for-sale debt securities are placed on nonaccrual status, unpaid interest credited to income is reversed.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2023
Revenue Recognition [Abstract]
Revenue Recognition	2. Revenue Recognition Under ASC Topic 606, management determined that the primary sources of revenue emanating from interest and dividend income on loans and investments along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans sold and earnings on bank-owned life insurance are not within the scope of this Topic. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended September 30: Three months ended September 30, (dollars in thousands) Noninterest Income 2023 2022 In-scope of Topic 606: Service charges on deposit accounts $ 108 $ 107 ATM fees 120 127 Overdraft fees 334 305 Safe deposit box rental 23 24 Loan related service fees 146 104 Debit card fees 591 624 Fiduciary activities 246 219 Commissions on mutual funds and annuities 167 31 Gains on sales of other real estate owned 13 — Other income 174 345 Noninterest Income ( in-scope of Topic 606 ) 1,922 1,886 Out-of-scope of Topic 606: Net realized gains (losses) on sales of securities — — Loan servicing fees 38 24 Gains on sales of loans 18 1 Earnings on and proceeds from bank-owned life insurance 328 267 Noninterest Income ( out-of-scope of Topic 606 ) 384 292 Total Noninterest Income $ 2,306 $ 2,178 Nine months ended September 30, (dollars in thousands) Noninterest Income 2023 2022 In-scope of Topic 606: Service charges on deposit accounts $ 322 $ 312 ATM fees 332 340 Overdraft fees 995 909 Safe deposit box rental 71 70 Loan related service fees 430 626 Debit card fees 1,726 1,879 Fiduciary activities 688 634 Commissions on mutual funds and annuities 228 98 Gains on sales of other real estate owned 13 427 Other income 520 1,760 Noninterest Income ( in-scope of Topic 606 ) 5,325 7,055 Out-of-scope of Topic 606: Net realized gains (losses) on sales of securities ( 209 ) — Loan servicing fees 88 58 Gains on sales of loans 27 1 Earnings on and proceeds from bank-owned life insurance 770 892 Noninterest Income ( out-of-scope of Topic 606 ) 676 951 Total Noninterest Income $ 6,001 $ 8,006

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and restricted stock, and are determined using the treasury stock method. The following table sets forth the weighted average shares outstanding used in the computations of basic and diluted earnings per share. (in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Weighted average shares outstanding 8,069 8,158 8,115 8,187 Less: Unvested restricted shares ( 42 ) ( 40 ) ( 43 ) ( 38 ) Basic EPS weighted average shares outstanding 8,027 8,118 8,072 8,149 Basic EPS weighted average shares outstanding 8,027 8,118 8,072 8,149 Add: Dilutive effect of stock options and restricted shares 6 16 6 17 Diluted EPS weighted average shares outstanding 8,033 8,134 8,078 8,166 For the three and nine month periods ended September 30, 2023, there were 166,100 stock options that were anti-dilutive and thereby excluded from the earnings per share calculations based upon the closing price of the Company’s common stock of $ 25.76 per share as of September 30, 2023. For the three and nine month periods ended September 30, 2022, there were 108,100 stock options that were anti-dilutive and thereby excluded from the earnings per share calculations based upon the closing price of Norwood common stock of $ 26.58 per share as of September 30, 2022.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2023
Stock-Based Compensation [Abstract]
Stock-Based Compensation	4. Stock-Based Compensation During the nine-month period ended September 30, 2023, 2,500 stock options were granted. As of September 30, 2023, there was $ 96,000 of total unrecognized compensation cost related to non-vested options granted in 2022 and 2023 under the 2014 Equity Incentive Plan, which will be fully amortized by December 31, 2023. Compensation costs related to stock options amounted to $ 287,000 and $ 201,000 during the nine-month periods ended September 30, 2023 and 2022, respectively. A summary of the Company’s stock option activity for the nine-month period ended September 30, 2023 is as follows: Weighted Average Exercise Weighted Average Aggregate Price Remaining Intrinsic Value Options Per Share Contractual Term ($000) Outstanding at January 1, 2023 218,975 $ 28.70 6.8 Yrs. $ 1,100 Granted 2,500 29.60 9.5 Exercised ( 16,125 ) 22.76 5.1 Forfeited ( 4,500 ) 33.53 9.2 Outstanding at September 30, 2023 200,850 $ 29.07 6.1 Yrs. $ 193 Exercisable at September 30, 2023 164,850 $ 28.16 5.5 Yrs. $ 193 Intrinsic value represents the amount by which the market price of the stock on the measurement date exceeded the exercise price of the option. The market price was $ 25.76 per share as of September 30, 2023 and $ 33.44 per share as of December 31, 2022. A summary of the Company’s restricted stock activity for the nine-month periods ended September 30, 2023 and 2022 is as follows: 2023 2022 Weighted-Average Weighted-Average Number of Grant Date Number of Grant Date Restricted Stock Fair Value Restricted Stock Fair Value Non-vested, January 1, 44,460 $ 30.12 32,030 $ 26.76 Granted — — 7,500 25.71 Vested ( 3,000 ) 25.71 — — Forfeited — — — — Non-vested, September 30, 41,460 $ 30.44 39,530 $ 28.99 The expected future compensation expense relating to the 41,460 shares of non-vested restricted stock outstanding as of September 30, 2023 is $ 968,000 . This cost will be recognized over the remaining vesting period of 4.25 years. Compensation costs related to restricted stock amounted to $ 326,000 and $ 272,000 during the nine-month periods ended September 30, 2023 and 2022, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	5. Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss) (in thousands) by component net of tax for the three and nine months ended September 30, 2023 and 2022: Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2022 $ ( 57,353 ) Other comprehensive loss before reclassification ( 7,794 ) Amount reclassified from accumulated other comprehensive loss 165 Total other comprehensive loss ( 7,629 ) Balance as of September 30, 2023 $ ( 64,982 ) Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2021 $ ( 256 ) Other comprehensive loss before reclassification ( 60,309 ) Amount reclassified from accumulated other comprehensive income - Total other comprehensive loss ( 60,309 ) Balance as of September 30, 2022 $ ( 60,565 ) Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2023 $ ( 54,249 ) Other comprehensive loss before reclassification ( 10,733 ) Amount reclassified from accumulated other comprehensive loss - Total other comprehensive loss ( 10,733 ) Balance as of September 30, 2023 $ ( 64,982 ) Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2022 $ ( 40,230 ) Other comprehensive loss before reclassification ( 20,335 ) Amount reclassified from accumulated other comprehensive loss - Total other comprehensive loss ( 20,335 ) Balance as of September 30, 2022 $ ( 60,565 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. The following table presents significant amounts reclassified out of each component of accumulated other comprehensive income (loss) (in thousands) for the three and nine months ended September 30, 2023 and 2022: Amount Reclassified From Accumulated Other Comprehensive Income (Loss) (a) Affected Line Item in Three months ended Consolidated September 30, Statements Details about other comprehensive income 2023 2022 of Income Unrealized losses on available for sale securities $ — $ — Net realized (losses) gains on sales of securities Tax effect — — Income tax expense $ — $ — Nine months ended September 30, 2023 2022 Unrealized losses on available for sale securities $ ( 209 ) $ — Net realized (losses) gains on sales of securities Tax effect 44 — Income tax expense $ ( 165 ) $ — (a) Amounts in parentheses indicate debits to net income

Off-Balance Sheet Financial Ins

Off-Balance Sheet Financial Instruments and Guarantees	9 Months Ended
	Sep. 30, 2023
Off-Balance Sheet Financial Instruments and Guarantees [Abstract]
Off-Balance Sheet Financial Instruments and Guarantees	6. Off-Balance Sheet Financial Instruments and Guarantees The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. A summary of the Bank’s financial instrument commitments is as follows: (in thousands) September 30, 2023 2022 Commitments to grant loans $ 88,184 $ 101,466 Unfunded commitments under lines of credit 162,207 145,636 Standby letters of credit 13,616 12,934 $ 264,007 $ 260,036 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Bank evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the customer and generally consists of real estate. The Bank does not issue any guarantees that would require liability recognition or disclosure, other than its standby letters of credit. Standby letters of credit written are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Generally, all letters of credit, when issued, have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as those that are involved in extending loan facilities to customers. The Bank, generally, holds collateral and/or personal guarantees supporting these commitments. Management believes that the proceeds obtained through a liquidation of collateral and the enforcement of guarantees would be sufficient to cover the potential amount of future payments required under the corresponding guarantees.

Securities

Securities	9 Months Ended
	Sep. 30, 2023
Securities [Abstract]
Securities	7 . Securities The amortized cost, gross unrealized gains and losses, approximate fair value, and allowance for credit losses of securities available for sale were as follows: September 30, 2023 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair Cost Gains Losses Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 43,182 $ - $ ( 3,291 ) $ - $ 39,891 U.S. Government agencies 21,355 - ( 3,305 ) - 18,050 States and political subdivisions 151,953 - ( 33,412 ) - 118,541 Mortgage-backed securities- government sponsored entities 246,996 - ( 42,979 ) - 204,017 Total debt securities $ 463,486 $ - $ ( 82,987 ) $ - $ 380,499 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 45,066 $ - $ ( 3,212 ) $ 41,854 U.S. Government agencies 21,266 - ( 2,943 ) 18,323 States and political subdivisions 157,524 2 ( 29,674 ) 127,852 Mortgage-backed securities-government sponsored entities 268,400 - ( 37,502 ) 230,898 Total debt securities $ 492,256 $ 2 $ ( 73,331 ) $ 418,927 The following tables summarize debt securities available for sale in a loss position for which an allowance for credit losses has not been recorded, aggregated by security type and length of time that individual securities have been in a continuous unrealized loss position (in thousands): September 30, 2023 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities $ - $ - $ 39,891 $ ( 3,291 ) $ 39,891 $ ( 3,291 ) U.S. Government agencies - - 18,050 ( 3,305 ) 18,050 ( 3,305 ) States and political subdivisions 3,557 ( 86 ) 114,984 ( 33,326 ) 118,541 ( 33,412 ) Mortgage-backed securities-government sponsored entities - - 204,017 ( 42,979 ) 204,017 ( 42,979 ) $ 3,557 $ ( 86 ) $ 376,942 $ ( 82,901 ) $ 380,499 $ ( 82,987 ) December 31, 2022 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities $ 25,733 $ ( 849 ) $ 16,121 $ ( 2,363 ) $ 41,854 $ ( 3,212 ) U.S. Government agencies 8,321 ( 885 ) 10,002 ( 2,058 ) 18,323 ( 2,943 ) States and political subdivisions 66,680 ( 11,194 ) 57,367 ( 18,480 ) 124,047 ( 29,674 ) Mortgage-backed securities-government sponsored entities 102,361 ( 10,639 ) 128,537 ( 26,863 ) 230,898 ( 37,502 ) $ 203,095 $ ( 23,567 ) $ 212,027 $ ( 49,764 ) $ 415,122 $ ( 73,331 ) At September 30, 2023, the Company had 8 debt securities in an unrealized loss position in the less than twelve months category and 333 debt securities in the twelve months or more category. In Management’s opinion the unrealized losses reflect changes in interest rates subsequent to the acquisition of specific securities. The Company concluded that the decline in the value of these securities was not indicative of a credit loss. The Company did not recognize any credit losses on these available for sale debt securities for the nine months ended September 30, 2023, or other-than-temporary impairment charges for the nine months ended September 30, 2022. The Company does not have the intent to sell the securities and it is more likely than not that it will not have to sell the securities before recovery of its cost basis. The amortized cost and fair value of debt securities as of September 30, 2023 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. Available for Sale Amortized Cost Fair Value (In Thousands) Due in one year or less $ 13,011 $ 12,855 Due after one year through five years 44,329 40,605 Due after five years through ten years 67,853 52,653 Due after ten years 91,297 70,369 216,490 176,482 Mortgage-backed securities-government sponsored entities 246,996 204,017 $ 463,486 $ 380,499 Gross realized gains and gross realized losses on sales of securities available for sale were as follows (in thousands): Three Months Nine Months Ended September 30, Ended September 30, 2023 2022 2023 2022 Gross realized gains $ — $ — $ 4 $ — Gross realized losses — — ( 213 ) — Net realized gains (losses) $ — $ — $ ( 209 ) $ — Proceeds from sales of securities $ — $ — $ 3,345 $ — Securities with a carrying value of $ 299,141,000 and $ 378,472,000 at September 30, 2023 and December 31, 2022, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase and for other purposes as required or permitted by law.

Loans Receivable and Allowance

Loans Receivable and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2023
Loans Receivable and Allowance for Loan Losses [Abstract]
Loans Receivable and Allowance for Loan Losses	8. Loans Receivable and Allowance for Loan Losses Set forth below is selected data relating to the composition of the loan portfolio at the dates indicated (dollars in thousands): September 30, 2023 December 31, 2022 Real Estate Loans: Residential $ 316,139 19.6 % $ 298,813 20.3 % Commercial 688,485 42.7 651,544 44.2 Agricultural 66,767 4.2 68,915 4.7 Construction 41,305 2.6 32,469 2.2 Commercial loans 205,014 12.7 187,257 12.7 Other agricultural loans 32,740 2.0 35,277 2.4 Consumer loans to individuals 260,828 16.2 200,149 13.5 Total loans 1,611,278 100.0 % 1,474,424 100.0 % Deferred fees, net ( 209 ) ( 479 ) Total loans receivable 1,611,069 1,473,945 Allowance for credit losses ( 16,086 ) ( 16,999 ) Net loans receivable $ 1,594,983 $ 1,456,946 Foreclosed assets acquired in settlement of loans are carried at fair value less estimated costs to sell and are included in foreclosed real estate owned on the Consolidated Balance Sheets. As of September 30, 2023 and December 31, 2022, foreclosed real estate owned totaled $ 290,000 and $ 346,000 , respectively. During the nine months ended September 30, 2023, there was one addition to the foreclosed real estate category, with a carrying value of $ 290,000 , and three sales of properties with a carrying value of $ 292,000 . Additionally, the company recognized a write-down on one property in the amount of $ 54,000 based on the realizable value of the property. As of September 30, 2023, the Company has initiated formal foreclosure proceedings on three properties classified as consumer residential mortgages with an aggregate carrying value of $ 203,000 . The following table shows the amount of loans in each category that were individually and collectively evaluated for credit loss: Real Estate Loans Commercial Other Consumer Residential Commercial Agricultural Construction Loans Agricultural Loans Total September 30, 2023 (In thousands) Individually evaluated $ 575 $ 2,222 $ — $ — $ 7,071 $ — $ 668 $ 10,536 Collectively evaluated 315,564 686,263 66,767 41,305 197,943 32,740 260,160 1,600,742 Total Loans $ 316,139 $ 688,485 $ 66,767 $ 41,305 $ 205,014 $ 32,740 $ 260,828 $ 1,611,278 The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated: Real Estate Loans Commercial Other Consumer Residential Commercial Agricultural Construction Loans Agricultural Loans Total (In thousands) December 31, 2022 Individually evaluated for impairment $ - $ 402 $ — $ - $ 61 $ — $ - $ 463 Loans acquired with deteriorated credit quality 567 2,049 2,034 - 1,640 — - 6,290 Collectively evaluated for impairment 298,246 649,093 66,881 32,469 185,556 35,277 200,149 1,467,671 Total Loans $ 298,813 $ 651,544 $ 68,915 $ 32,469 $ 187,257 $ 35,277 $ 200,149 $ 1,474,424 The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Unpaid Recorded Principal Associated Investment Balance Allowance December 31, 2022 (in thousands) With no related allowance recorded: Real Estate Loans: Commercial $ 402 $ 402 $ — Commercial Loans 11 11 — Subtotal 413 413 — With an allowance recorded: Commercial Loans 50 50 50 Subtotal 50 50 50 Total: Real Estate Loans: Commercial 402 402 — Commercial Loans 61 61 50 Total Impaired Loans $ 463 $ 463 $ 50 The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month period ended September 30, 2022 (in thousands): Average Recorded Interest Income Investment Recognized 2022 2022 Real Estate Loans: Commercial $ — $ 18 Commercial Loans 13 — Total $ 13 $ 18 The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the nine-month period ended September 30, 2022 (in thousands): Average Recorded Interest Income Investment Recognized 2022 2022 Real Estate Loans: Commercial $ 825 $ 55 Commercial Loans 14 3 Total $ 839 $ 58 Management uses an eight point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first four categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are considered Substandard. Any portion of a loan that has been charged off is placed in the Loss category. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as nonperformance, repossession, or death occurs to raise awareness of a possible credit event. The Company’s Loan Review Department is responsible for the timely and accurate risk rating of the loans on an ongoing basis. Every credit which must be approved by Loan Committee or the Board of Directors is assigned a risk rating at time of consideration. Loan Review, in conjunction with a third-party consultant, also annually reviews all criticized credits and relationships of $ 1,500,000 and over to re-affirm risk ratings. Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of September 30, 2023 and December 31, 2022 (in thousands): Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Non-accrual Total Past Due and Non-Accrual Total Loans September 30, 2023 Real Estate loans Residential $ 314,588 $ 957 $ 19 $ - $ 575 $ 1,551 $ 316,139 Commercial 685,293 970 - - 2,222 3,192 688,485 Agricultural 66,767 - - - - - 66,767 Construction 41,285 20 - - - 20 41,305 Commercial loans 197,498 445 - - 7,071 7,516 205,014 Other agricultural loans 32,740 - - - - 32,740 Consumer loans 259,489 516 155 - 668 1,339 260,828 Total $ 1,597,660 $ 2,908 $ 174 $ - $ 10,536 $ 13,618 $ 1,611,278 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Non-accrual Total Past Due and Non-Accrual Purchased Credit Impaired Loans Total Loans December 31, 2022 Real Estate loans Residential $ 297,350 $ 187 $ 223 $ - $ 486 $ 896 $ 567 $ 298,813 Commercial 648,688 405 - - 402 807 2,049 651,544 Agricultural 66,751 130 - - 130 2,034 68,915 Construction 32,469 - - - - - - 32,469 Commercial loans 185,485 71 - - 61 132 1,640 187,257 Other agricultural loans 35,277 - - - - - 35,277 Consumer loans 198,893 853 239 - 164 1,256 - 200,149 Total $ 1,464,913 $ 1,646 $ 462 $ - $ 1,113 $ 3,221 $ 6,290 $ 1,474,424 Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the allowance for credit losses. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the allowance. The following table presents the allowance for credit losses by the classes of the loan portfolio: (In thousands) Residential Real Estate Commercial Real Estate Agricultural Construction Commercial Other Agricultural Consumer Total Beginning balance, December 31, 2022 $ 2,833 $ 8,293 $ 259 $ 409 $ 2,445 $ 124 $ 2,636 $ 16,999 Impact of adopting ASC 326 ( 1,545 ) 5,527 ( 200 ) 388 ( 1,156 ) 3 ( 551 ) 2,466 Charge Offs ( 6 ) ( 154 ) - - ( 2,147 ) - ( 692 ) ( 2,999 ) Recoveries 6 12 - - 20 - 64 102 (Release of) Provision for credit losses 45 ( 3,689 ) ( 26 ) 45 1,848 ( 44 ) 1,339 ( 482 ) Ending balance, September 30, 2023 $ 1,333 $ 9,989 $ 33 $ 842 $ 1,010 $ 83 $ 2,796 $ 16,086 Ending balance individually evaluated $ - $ - $ - $ - $ - $ - $ - $ - Ending balance collectively evaluated $ 1,333 $ 9,989 $ 33 $ 842 $ 1,010 $ 83 $ 2,796 $ 16,086 (In thousands) Residential Real Estate Commercial Real Estate Agricultural Construction Commercial Other Agricultural Consumer Total Beginning balance, December 31, 2021 $ 2,175 $ 10,878 $ - $ 133 $ 1,490 $ - $ 1,766 $ 16,442 Charge Offs ( 120 ) ( 1 ) - - ( 16 ) - ( 249 ) ( 386 ) Recoveries 122 80 - - 36 - 37 275 Provision for loan losses 736 ( 2,354 ) 220 186 910 123 779 600 Ending balance, September 30, 2022 $ 2,913 $ 8,603 $ 220 $ 319 $ 2,420 $ 123 $ 2,333 $ 16,931 Ending balance individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Ending balance collectively evaluated for impairment $ 2,913 $ 8,603 $ 220 $ 319 $ 2,420 $ 123 $ 2,333 $ 16,931 (In thousands) Residential Real Estate Commercial Real Estate Farmland Construction Commercial Other Agricultural Consumer Total Beginning balance, June 30, 2023 $ 1,264 $ 11,253 $ 55 $ 819 $ 1,281 $ 86 $ 2,725 $ 17,483 Charge Offs - - - - ( 2,000 ) - ( 384 ) ( 2,384 ) Recoveries - 3 - - 14 - 18 35 (Release of) Provision for credit losses 69 ( 1,267 ) ( 22 ) 23 1,715 ( 3 ) 437 952 Ending balance, September 30, 2023 $ 1,333 $ 9,989 $ 33 $ 842 $ 1,010 $ 83 $ 2,796 $ 16,086 (In thousands) Residential Real Estate Commercial Real Estate Farmland Construction Commercial Other Agricultural Consumer Total Beginning balance, June 30, 2022 $ 2,740 $ 9,155 $ 218 $ 242 $ 2,504 $ 112 $ 2,046 $ 17,017 Charge Offs - ( 1 ) - - ( 1 ) - ( 115 ) ( 117 ) Recoveries 4 - - - 13 - 14 31 Provision for loan losses 169 ( 551 ) 2 77 ( 96 ) 11 388 - Ending balance, September 30, 2022 $ 2,913 $ 8,603 $ 220 $ 319 $ 2,420 $ 123 $ 2,333 $ 16,931 During the nine months ended September 30, 2023, the Company recorded a release of provision for credit losses totaling $ 482,000 despite total charge-offs of $ 2,999,000 . Factors impacting the release include a $ 2,466,000 increase in the allowance for credit losses due to the adoption of ASC 326, and changes in the cumulative loss rates applied to the respective loan pools due to loss activity being added or subtracted with the passage of time. Variances in Qualitative Factors and Economic Factors also impacted the allowance for credit losses. The cumulative loss rate used as the basis for the estimate of credit losses is comprised of the Company’s historical loss experience. The Company chose to apply qualitative factors based on “quantitative metrics” which link the quantifiable metrics to historical changes in the qualitative factor categories. The Company also chose to apply economic projections to the model. A select group of economic indicators was utilized which was then correlated to the historical loss experience of the Company and its peers. Based on the correlation results, the economic adjustments are then weighted for relevancy and applied to the individual loan pools. The following table presents the carrying value of loans on nonaccrual status and loans past due over 90 days still accruing interest (in thousands): Nonaccrual Nonaccrual Loans Past Due with no with Total Over 90 Days Total ACL ACL Nonaccrual Still Accruing Nonperforming September 30, 2023 Real Estate loans Residential $ 575 $ - $ 575 $ - $ 575 Commercial 2,222 - 2,222 - 2,222 Agricultural - - - - - Construction - - - - - Commercial loans 7,071 - 7,071 - 7,071 Other agricultural loans - - - - - Consumer loans 668 - 668 - 668 Total $ 10,536 $ - $ 10,536 $ - $ 10,536 Based on the most recent analysis performed, the following table presents the recorded investment in non-homogenous pools by internal risk rating systems (in thousands): Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted September 30, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial real estate Risk Rating Pass $ 63,900 $ 130,901 $ 115,171 $ 77,750 $ 73,789 $ 197,656 $ 16,115 $ - $ 675,282 Special Mention 1,000 414 243 1,341 - 6,184 - - 9,182 Substandard - 284 - 1,453 - 2,284 - - 4,021 Doubtful - - - - - - - - - Total $ 64,900 $ 131,599 $ 115,414 $ 80,544 $ 73,789 $ 206,124 $ 16,115 $ - $ 688,485 Commercial real estate Current period gross charge-offs $ - $ - $ - $ - $ 112 $ 42 $ - $ - $ 154 Real Estate - Agriculture Risk Rating Pass $ 2,218 $ 12,581 $ 5,506 $ 8,839 $ 8,361 $ 26,291 $ 741 $ - $ 64,537 Special Mention - - - - - 493 - - 493 Substandard - 507 - 1,041 - 189 - - 1,737 Doubtful - - - - - - - - - Total $ 2,218 $ 13,088 $ 5,506 $ 9,880 $ 8,361 $ 26,973 $ 741 $ - $ 66,767 Real Estate - Agriculture Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial loans Risk Rating Pass $ 53,035 $ 45,809 $ 25,867 $ 11,173 $ 11,646 $ 17,491 $ 28,742 $ - $ 193,763 Special Mention 577 1,471 281 159 35 197 1,114 - 3,834 Substandard - - 405 3,463 - 49 3,500 - 7,417 Doubtful - - - - - - - - - Total $ 53,612 $ 47,280 $ 26,553 $ 14,795 $ 11,681 $ 17,737 $ 33,356 $ - $ 205,014 Commercial loans Current period gross charge-offs $ - $ 32 $ 24 $ 2,050 $ - $ 41 $ - $ - $ 2,147 Other agricultural loans Risk Rating Pass $ 2,071 $ 5,510 $ 3,424 $ 3,023 $ 2,777 $ 4,532 $ 10,848 $ - $ 32,185 Special Mention - - 3 185 93 - 155 - 436 Substandard - - - - 119 - - - 119 Doubtful - - - - - - - - - Total $ 2,071 $ 5,510 $ 3,427 $ 3,208 $ 2,989 $ 4,532 $ 11,003 $ - $ 32,740 Other agricultural loans Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Risk Rating Pass $ 121,224 $ 194,801 $ 149,968 $ 100,785 $ 96,573 $ 245,970 $ 56,446 $ - $ 965,767 Special Mention 1,577 1,885 527 1,685 128 6,874 1,269 - 13,945 Substandard - 791 405 5,957 119 2,522 3,500 - 13,294 Doubtful - - - - - - - - - Total $ 122,801 $ 197,477 $ 150,900 $ 108,427 $ 96,820 $ 255,366 $ 61,215 $ - $ 993,006 The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard, Doubtful and Loss within the internal risk rating system as of December 31, 2022 (in thousands): Special Doubtful Pass Mention Substandard or Loss Total December 31, 2022 Commercial real estate loans $ 646,775 $ 1,079 $ 3,690 $ — $ 651,544 Real estate - agricultural 66,444 368 2,103 — 68,915 Commercial loans 186,966 184 107 — 187,257 Other agricultural loans 34,071 556 650 — 35,277 Total $ 934,256 $ 2,187 $ 6,550 $ — $ 942,993 The Company monitors the credit risk profile by payment activity for residential and consumer loan classes. Loans past due over 90 days and loans on nonaccrual status are considered nonperforming. Nonperforming loans are reviewed monthly. The following table presents the carrying value of residential and consumer loans based on payment activity (in thousands): Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted September 30, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate Payment Performance Performing $ 21,935 $ 60,944 $ 58,600 $ 36,483 $ 16,836 $ 91,136 $ 29,630 $ - $ 315,564 Nonperforming - - - - 57 450 68 - 575 Total $ 21,935 $ 60,944 $ 58,600 $ 36,483 $ 16,893 $ 91,586 $ 29,698 $ - $ 316,139 Residential real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ 6 $ - $ - $ 6 Construction Payment Performance Performing $ 11,877 $ 18,649 $ 6,221 $ 1,612 $ 1,870 $ 769 $ 307 $ - $ 41,305 Nonperforming - - - - - - - - - Total $ 11,877 $ 18,649 $ 6,221 $ 1,612 $ 1,870 $ 769 $ 307 $ - $ 41,305 Construction Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans to individuals Payment Performance Performing $ 109,441 $ 83,098 $ 27,191 $ 16,110 $ 11,980 $ 11,127 $ 1,213 $ - $ 260,160 Nonperforming 28 499 67 31 43 - - - 668 Total $ 109,469 $ 83,597 $ 27,258 $ 16,141 $ 12,023 $ 11,127 $ 1,213 $ - $ 260,828 Consumer loans to individuals Current period gross charge-offs $ 7 $ 462 $ 132 $ 29 $ 37 $ 11 $ 14 $ - $ 692 Total Payment Performance Performing $ 143,253 $ 162,691 $ 92,012 $ 54,205 $ 30,686 $ 103,032 $ 31,150 $ - $ 617,029 Nonperforming 28 499 67 31 100 450 68 - 1,243 Total $ 143,281 $ 163,190 $ 92,079 $ 54,236 $ 30,786 $ 103,482 $ 31,218 $ - $ 618,272 For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of December 31, 2022 (in thousands): Performing Nonperforming Total December 31, 2022 Residential real estate loans $ 298,327 $ 486 $ 298,813 Construction 32,469 — 32,469 Consumer loans to individuals 199,985 164 200,149 Total $ 530,781 $ 650 $ 531,431 Occasionally, the Bank modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. In some cases, the Bank provides multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. During the nine months ended September 30, 2023, there were no modifications made to borrowers experiencing financial difficulty. The Company’s primary business activity as of September 30 2023 was with customers located in northeastern Pennsylvania and the New York counties of Delaware, Sullivan, Ontario, Otsego and Yates. Accordingly, the Company has extended credit primarily to commercial entities and individuals in this area whose ability to repay their loans is influenced by the region’s economy. As of September 30, 2023, the Company considered its concentration of credit risk to be acceptable. The highest concentrations are in commercial rentals with $ 146.4 million of loans outstanding, or 9.1 % of total loans outstanding, and residential rentals with loans outstanding of $ 121.9 million, or 7.6 % of loans outstanding. For the nine months ended September 30, 2023, the Company recognized charge offs of $ 6,000 on commercial rentals and $ 44,000 on residential rentals.

Operating Leases

Operating Leases	9 Months Ended
	Sep. 30, 2023
Operating Leases [Abstract]
Operating Leases	9 . Operating Leases The Company leases eight office locations and one back-office facility under operating leases. Several assumptions and judgments were made when applying the requirements of Topic 842 to the Company’s existing lease commitments, including the allocation of consideration in the contracts between lease and nonlease components, determination of the lease term, and determination of the discount rate used in calculating the present value of the lease payments. The Company has elected to account for the variable nonlease components, such as common area maintenance charges, utilities, real estate taxes, and insurance, separately from the lease component. Such variable nonlease components are reported in net occupancy expense on the Consolidated Statements of Income when paid. These variable nonlease components were excluded from the calculation of the present value of the remaining lease payments, therefore, they are not included in other assets and other liabilities on the Consolidated Balance Sheets. The lease cost associated with the operating leases for the nine-month periods ended September 30, 2023 and 2022, amounted to $ 541,000 and $ 454,000 respectively. Certain of the Company’s leases contain options to renew the lease after the initial term. Management considers the Company’s historical pattern of exercising renewal options on leases and the positive performance of the leased locations, when determining whether it is reasonably certain that the leases will be renewed. If management concludes that there is reasonable certainty about the renewal option, it is included in the calculation of the remaining term of each applicable lease. The discount rate utilized in calculating the present value of the remaining lease payments for each lease was the Federal Home Loan Bank of Pittsburgh (“Federal Home Loan Bank”) advance rate corresponding to the remaining maturity of the lease. The following table presents the weighted-average remaining lease term and discount rate for the leases outstanding at September 30, 2023. Operating Weighted-average remaining term 9.7 Weighted-average discount rate 2.76 % The following table presents the undiscounted cash flows due related to operating leases as of September 30, 2023, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets: Undiscounted cash flows due (in thousands) Operating 2023 $ 164 2024 664 2025 680 2026 524 2027 401 2028 and thereafter 2,414 Total undiscounted cash flows 4,847 Discount on cash flows 704 Total lease liabilities $ 4,143

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2023
Fair Value of Assets and Liabilities [Abstract]
Fair Value of Assets and Liabilities	10 . Fair Value of Assets and Liabilities Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. In accordance with fair value accounting guidance, the Company measures, records, and reports various types of assets and liabilities at fair value on either a recurring or non-recurring basis in the Consolidated Financial Statements. Those assets and liabilities are presented in the sections entitled “Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis” and “Assets and Liabilities Required to be Measured and Reported at Fair Value on a Non-Recurring Basis”. There are three levels of inputs that may be used to measure fair values: Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The methods of determining the fair value of assets and liabilities presented in this note are consistent with our methodologies disclosed in Note 16 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2023 and December 31, 2022 are as follows: Fair Value Measurement Using Reporting Date Description Total Level 1 Level 2 Level 3 September 30, 2023 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 39,891 $ - $ 39,891 $ - U.S. Government agencies 18,050 - 18,050 - States and political subdivisions 118,541 - 118,541 - Mortgage-backed securities-government sponsored entities 204,017 - 204,017 - Interest rate derivatives 1,631 - 1,631 - LIABILITIES Interest rate derivatives 1,631 - 1,631 - Description Total Level 1 Level 2 Level 3 December 31, 2022 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 41,854 $ - $ 41,854 $ - U.S. Government agencies 18,323 - 18,323 - States and political subdivisions 127,852 - 127,852 - Mortgage-backed securities-government sponsored entities 230,898 - 230,898 - Interest rate derivatives 1,464 - 1,464 - LIABILITIES Interest rate derivatives 1,464 - 1,464 - Securities: The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. For certain securities which are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence (Level 3). In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support on certain Level 3 investments. Internal cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) are used to support fair values of certain Level 3 investments, if applicable. Interest Rate Swaps: The fair value of interest rate swaps is based upon the present value of the expected future cash flows using the Secured Overnight Financing Rate (“SOFR”) swap curve, the basis for the underlying interest rate. To price interest rate swaps, cash flows are first projected for each payment date using the fixed rate for the fixed side of the swap and the forward rates for the floating side of the swap. These swap cash flows are then discounted to time zero using SOFR zero-coupon interest rates. The sum of the present value of both legs is the fair market value of the interest rate swap. These valuations have been derived from our third party vendor’s proprietary models rather than actual market quotations. The proprietary models are based upon financial principles and assumptions that we believe to be reasonable. Assets and Liabilities Required to be Measured and Reported at Fair Value on a Non-Recurring Basis For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2023 and December 31, 2022 are as follows: Fair Value Measurement Using Reporting Date (In thousands) Description Total Level 1 Level 2 Level 3 September 30, 2023 Individually analyzed loans held for investment $ 10,535 $ - $ - $ 10,535 Foreclosed Real Estate Owned 290 - - 290 December 31, 2022 Impaired Loans $ 413 $ - $ - $ 413 Foreclosed Real Estate Owned 346 - - 346 Individually analyzed loans held for investment: The Company measures impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the lowest level of input that is significant to the fair value measurements. As of September 30, 2023, the fair value of individually analyzed loans held for investment was $ 10,535,000 which included five loan relationships that did not require an ACL since the estimated realizable value of the collateral exceeded the recorded investment in the loan. As of September 30, 2023, the Company has recognized charge-offs against the allowance for credit losses on these individually analyzed loans held for investment in the amount of $ 2,000,000 . As of December 31, 2022, the fair value investment in impaired loans totaled $ 413,000 which included three loan relationships that did not require a valuation allowance since either the estimated realizable value of the collateral or the discounted cash flows exceeded the recorded investment in the loan. As of December 31, 2022, the Company has recognized charge-offs against the allowance for loan losses on these impaired loans in the amount of $ 0 over the life of the loans. As of December 31, 2022, the fair value investment in impaired loans included one loan relationships with a carrying value of $ 50,000 that required a valuation allowance of $ 50,000 since the estimated realizable value of the collateral did not support the recorded investment in the loan. As of December 31, 2022, the Company has recognized charge-offs against the allowance for loan losses on this impaired loan in the amount of $ 0 over the life of the loan. Foreclosed real estate owned: Real estate properties acquired through loan foreclosures, or by deed in lieu of loan foreclosure are to be sold and are carried at fair value less estimated cost to sell. Fair value is based upon independent market prices, appraised value of the collateral or management’s estimation of the value of the collateral. These assets are included in Level 3 fair value based upon the lowest level of input that is significant to the fair value measurement. The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) September 30, 2023 Individually analyzed loans held for investment $ 10,535 Appraisal of collateral(1) Appraisal adjustments(2) 10 %- 21.69 % ( 20.52 %) Foreclosed real estate owned $ 290 Appraisal of collateral(1) Liquidation Expenses(2) 39.79 % ( 39.79 %) Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2022 Impaired loans $ 413 Appraisal of collateral(1) Appraisal adjustments(2) 0 %- 10.0 % ( 8.92 %) Foreclosed real estate owned $ 346 Appraisal of collateral(1) Liquidation Expenses(2) 7.00 % ( 7.00 %) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. Assets and Liabilities Not Required to be Measured or Reported at Fair Value The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments at September 30, 2023 and December 31, 2022. Loans receivable (carried at cost): The fair values of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Mortgage servicing rights (generally carried at cost) The Company utilizes a third party provider to estimate the fair value of certain loan servicing rights. Fair value for the purpose of this measurement is defined as the amount at which the asset could be exchanged in a current transaction between willing parties, other than in a forced liquidation. Deposit liabilities (carried at cost): The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Other borrowings (carried at cost): Fair values of FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity. These prices obtained from this active market represent a fair value that is deemed to represent the transfer price if the liability were assumed by a third party. The estimated fair values of the Bank’s financial instruments not required to be measured or reported at fair value were as follows at September 30, 2023 and December 31, 2022. (In thousands) Fair Value Measurements at September 30, 2023 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 54,146 $ 54,146 $ 54,146 $ - $ - Loans receivable, net 1,594,983 1,535,456 - - 1,535,456 Mortgage servicing rights 191 497 - - 497 Regulatory stock (1) 8,843 8,843 8,843 - - Bank owned life insurance (1) 46,197 46,197 46,197 - - Accrued interest receivable (1) 7,759 7,759 7,759 - - Financial liabilities: Deposits 1,746,824 1,745,168 1,121,581 - 623,587 Short-term borrowings (1) 103,881 103,881 103,881 - - Other borrowings 137,447 135,652 - - 135,652 Accrued interest payable (1) 8,605 8,605 8,605 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - Fair Value Measurements at December 31, 2022 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 31,866 $ 31,866 $ 31,866 $ - $ - Loans receivable, net 1,456,946 1,418,300 - - 1,418,300 Mortgage servicing rights 213 498 - - 498 Regulatory stock (1) 5,418 5,418 5,418 - - Bank owned life insurance (1) 43,364 43,364 43,364 - - Accrued interest receivable (1) 6,917 6,917 6,917 - - Financial liabilities: Deposits 1,727,727 1,727,184 1,223,958 - 503,226 Short-term borrowings (1) 93,215 93,215 93,215 - - Other borrowings 40,000 40,074 - - 40,074 Accrued interest payable (1) 2,653 2,653 2,653 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - (1) This financial instrument is carried at cost, which approximates the fair value of the instrument.

Interest Rate Swaps

Interest Rate Swaps	9 Months Ended
	Sep. 30, 2023
Interest Rate Swaps [Abstract]
Interest Rate Swaps	11 . Interest Rate Swaps The Company enters into interest rate swaps that allow our commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to an interest rate swap agreement, which serves to effectively swap the customer’s variable-rate into a fixed-rate. The Company then enters into a corresponding swap agreement with a third party in order to economically hedge its exposure through the customer agreement. The interest rate swaps with both the customers and third parties are not designated as hedges under FASB ASC 815 and are not marked to market through earnings. As the interest rate swaps are structured to offset each other, changes to the underlying benchmark interest rates considered in the valuation of these instruments do not result in an impact to earnings; however, there may be fair value adjustments related to credit quality variations between counterparties, which may impact earnings as required by FASB ASC 820. There was no effect on earnings in any periods presented. At September 30, 2023 and December 31, 2022, based upon the swap contract values, the company pledged cash in the amount of $ 350,000 as collateral for its interest rate swaps with a third-party financial institution. The fair value of the swaps as of September 30, 2023 and December 31, 2022 was $ 1,631,000 and $ 1,464,000 , respectively. Summary information regarding these derivatives is presented below (Amounts in thousands) Notional Amount Fair Value September 30, 2023 December 31, 2022 Interest Rate Paid Interest Rate Received September 30, 2023 December 31, 2022 Customer interest rate swap Maturing November, 2030 $ 6,238 $ 6,513 Term SOFR + Margin Fixed $ 993 $ 889 Maturing December, 2030 4,100 4,297 Term SOFR + Margin Fixed 638 575 Total $ 10,338 $ 10,810 $ 1,631 $ 1,464 Third party interest rate swap Maturing November, 2030 $ 6,238 $ 6,513 Fixed Term SOFR + Margin $ 993 $ 889 Maturing December, 2030 4,100 4,297 Fixed Term SOFR + Margin 638 575 Total $ 10,338 $ 10,810 $ 1,631 $ 1,464 The following table presents the fair values of derivative instruments in the Consolidated Balance Sheet. (Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value September 30, 2023 Interest rate derivatives Other assets $ 1,631 Other liabilities $ 1,631 December 31, 2022 Interest rate derivatives Other assets 1,464 Other liabilities 1,464

New and Recently Adopted Accoun

New and Recently Adopted Accounting Pronouncements	9 Months Ended
	Sep. 30, 2023
New and Recently Adopted Accounting Pronouncements [Abstract]
New and Recently Adopted Accounting Pronouncements	12 . New and Recently Adopted Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848)”. The ASU provided optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendment only applies to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of the reference rate reform. The ASU is effective as of March 12, 2020 through December 31, 2022. Furthermore, in December 2022, the FASB issued ASU 2022-06, “Deferral of the Sunset Date of Reference Rate Reform (Topic 848)” . This ASU extends the sunset date of ASC Topic 848 (Reference Rate Reform) to December 31, 2024, in response to the United Kingdom’s Financial Conduct Authority (FCA) extension of the intended cessation date of LIBOR in the United States. The Company evaluated the impact of this standard, and believes that its adoption will not have a material impact on the Company’s consolidated financial condition or results of operations. In March 2023, the FASB issued ASU No. 2023-02, " Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force) ". The ASU allows entities to elect the proportional amortization method, on a tax-credit-program-by-tax-credit-program basis, for all equity investments in tax credit programs meeting the eligibility criteria in Accounting Standards Codification (ASC) 323-740-25-1. While the ASU does not significantly alter the existing eligibility criteria, it does provide clarifications to address existing interpretive issues. It also prescribes specific information reporting entities must disclose about tax credit investments each period. This ASU is effective for reporting periods beginning after December 15, 2023, for public business entities, or January 1, 2024 for the Company. The Company does not expect the adoption of this ASU to have a material impact on the Company's financial statements.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2023
Basis of Presentation [Abstract]
Principles of Consolidation	The unaudited consolidated financial statements include the accounts of Norwood Financial Corp (the “Company”) and its wholly-owned subsidiary, Wayne Bank (the “Bank”) and the Bank’s wholly-owned subsidiaries, WCB Realty Corp., Norwood Investment Corp., and WTRO Properties, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation.
Accounting Pronouncements Adopted in 2023	Accounting Pronouncements Adopted in 2023 In June 2016, the FASB issued ASU No. 2016-13 , " Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" and subsequent related updates. This ASU replaces the incurred loss methodology for recognizing credit losses and requires the Company to measure the current expected credit losses (“CECL”) on financial assets measured at amortized cost, including loans, off-balance sheet credit exposures such as unfunded commitments, and other financial instruments. In addition, ASC 326 requires credit losses on available-for-sale debt securities to be presented as an allowance rather than as a write-down when management does not intend to sell or believes that it is not more likely than not they will be required to sell. This guidance became effective on January 1, 2023 for the Bank. The results reported for periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable accounting standards. The Bank adopted this guidance, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans, available-for-sale debt securities and unfunded commitments. On January 1, 2023, the Bank recorded a cumulative effect decrease to retained earnings of $ 1,751,000 related to loans, $ 260,000 related to unfunded commitments, and $ 0 related to available-for-sale securities. The Bank adopted the provisions of ASC 326 related to financial assets purchased with credit deterioration (“PCD”) that were previously classified as purchased credit impaired (“PCI”) and accounted for under ASC 310-30 using the prospective transition approach. In accordance with the standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. On January 1, 2023, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $ 250,000 of the allowance for credit losses (“ACL”). The Bank adopted the provisions of ASC 326 related to presenting other-than-temporary impairment on available-for-sale debt securities prior to January 1, 2023 using the prospective transition approach, though no such charges had been recorded on the securities held by the Bank as of the date of adoption. The impact of the change from the incurred loss model to the current expected credit loss model is detailed below (in thousands). January 1, 2023 Pre-adoption Adoption Impact As Reported Assets ACL on debt securities available for sale $ - $ - $ - ACL on loans Residential real estate 2,833 ( 1,545 ) 1,288 Commercial real estate 8,293 5,527 13,820 Agricultural 259 ( 200 ) 59 Construction 409 388 797 Commercial loans 2,445 ( 1,156 ) 1,289 Other agricultural loans 124 3 127 Consumer 2,636 ( 551 ) 2,085 Liabilities ACL for unfunded commitments - 329 329 $ 16,999 $ 2,795 $ 19,794
Purchased Credit Deteriorated ("PCD") Loans	Purchased Credit Deteriorated (“PCD”) Loans The Bank has purchased loans, some of which have experienced more than insignificant credit deterioration since origination. A loan is considered a PCD loan if, at acquisition, it is probable that the Company will be unable to collect all contractually required payments receivable. PCD loans are recorded at the amount paid. An allowance for credit losses is determined using the same methodology as other loans held for investment. The initial allowance for credit losses determined on a collective basis is allocated to individual loans. The sum of the loan’s purchase price and allowance for credit losses becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent changes to the allowance for credit losses are recorded through credit loss expense.
Allowance for Credit Losses - Loans	Allowance for Credit Losses - Loans The allowance for credit losses is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. The Company’s loan portfolio is segmented by loan types that have similar risk characteristics and behave similarly during economic cycles. Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and supportable forecast adjustment is based on a preferred group of macroeconomic indicators used to create projections of economic conditions, obtained from the St. Louis Federal Reserve economic database. The Company selected nine metrics which was correlated with the bank and its peer group’s historical loss patterns. The adjustments are then weighted for relevance before applying to each pool. Future macroeconomic forecast adjustments are then obtained using an eight-quarter moving average for each metric for the reasonable and supportable period. Each quarter, management reviews the recommended adjustment factors and applies any additional adjustments based on local and current conditions The Bank has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial loans that meet the following criteria: (1) when it is determined that foreclosure is probable, (2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, (3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance.
Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	Allowance for Credit Losses on Off-Balance Sheet Credit Exposures The Bank estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on off-balance sheet credit exposures is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life.
Allowance for Credit Losses - Available for Sale Securities	Allowance for Credit Losses – Available for Sale Securities The Bank measures expected credit losses on available-for-sale debt securities when the Bank does not intend to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Bank evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Bank considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Economic forecast data is utilized to calculate the present value of expected cash flows. The Bank obtains its forecast data through a subscription to a widely recognized and relied upon company who publishes various forecast scenarios. Management evaluates the various scenarios to determine a reasonable and supportable scenario, and utilizes a single scenario in the model. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The allowance for credit losses on available-for-sale debt securities is included within Investment securities available-for-sale on the consolidated balance sheet. Changes in the allowance for credit losses are recorded within Provision for credit losses on the consolidated statement of income. Losses are charged against the allowance when the Bank believes the collectability of an available-for-sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale debt securities totaled $ 1,787,000 at September 30, 2023 and is included within accrued interest receivable on the consolidated balance sheet. This amount is excluded from the estimate of expected credit losses. Available-for-sale debt securities are typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available-for-sale debt securities are placed on nonaccrual status, unpaid interest credited to income is reversed.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2023
Basis of Presentation [Abstract]
Changes from Incurred Loss Model to Expected Credit Loss Model	January 1, 2023 Pre-adoption Adoption Impact As Reported Assets ACL on debt securities available for sale $ - $ - $ - ACL on loans Residential real estate 2,833 ( 1,545 ) 1,288 Commercial real estate 8,293 5,527 13,820 Agricultural 259 ( 200 ) 59 Construction 409 388 797 Commercial loans 2,445 ( 1,156 ) 1,289 Other agricultural loans 124 3 127 Consumer 2,636 ( 551 ) 2,085 Liabilities ACL for unfunded commitments - 329 329 $ 16,999 $ 2,795 $ 19,794

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue Recognition [Abstract]
Noninterest Income	Three months ended September 30, (dollars in thousands) Noninterest Income 2023 2022 In-scope of Topic 606: Service charges on deposit accounts $ 108 $ 107 ATM fees 120 127 Overdraft fees 334 305 Safe deposit box rental 23 24 Loan related service fees 146 104 Debit card fees 591 624 Fiduciary activities 246 219 Commissions on mutual funds and annuities 167 31 Gains on sales of other real estate owned 13 — Other income 174 345 Noninterest Income ( in-scope of Topic 606 ) 1,922 1,886 Out-of-scope of Topic 606: Net realized gains (losses) on sales of securities — — Loan servicing fees 38 24 Gains on sales of loans 18 1 Earnings on and proceeds from bank-owned life insurance 328 267 Noninterest Income ( out-of-scope of Topic 606 ) 384 292 Total Noninterest Income $ 2,306 $ 2,178 Nine months ended September 30, (dollars in thousands) Noninterest Income 2023 2022 In-scope of Topic 606: Service charges on deposit accounts $ 322 $ 312 ATM fees 332 340 Overdraft fees 995 909 Safe deposit box rental 71 70 Loan related service fees 430 626 Debit card fees 1,726 1,879 Fiduciary activities 688 634 Commissions on mutual funds and annuities 228 98 Gains on sales of other real estate owned 13 427 Other income 520 1,760 Noninterest Income ( in-scope of Topic 606 ) 5,325 7,055 Out-of-scope of Topic 606: Net realized gains (losses) on sales of securities ( 209 ) — Loan servicing fees 88 58 Gains on sales of loans 27 1 Earnings on and proceeds from bank-owned life insurance 770 892 Noninterest Income ( out-of-scope of Topic 606 ) 676 951 Total Noninterest Income $ 6,001 $ 8,006

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Outstanding used in the Computations of Basic and Diluted Earnings Per Share	(in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Weighted average shares outstanding 8,069 8,158 8,115 8,187 Less: Unvested restricted shares ( 42 ) ( 40 ) ( 43 ) ( 38 ) Basic EPS weighted average shares outstanding 8,027 8,118 8,072 8,149 Basic EPS weighted average shares outstanding 8,027 8,118 8,072 8,149 Add: Dilutive effect of stock options and restricted shares 6 16 6 17 Diluted EPS weighted average shares outstanding 8,033 8,134 8,078 8,166

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	Weighted Average Exercise Weighted Average Aggregate Price Remaining Intrinsic Value Options Per Share Contractual Term ($000) Outstanding at January 1, 2023 218,975 $ 28.70 6.8 Yrs. $ 1,100 Granted 2,500 29.60 9.5 Exercised ( 16,125 ) 22.76 5.1 Forfeited ( 4,500 ) 33.53 9.2 Outstanding at September 30, 2023 200,850 $ 29.07 6.1 Yrs. $ 193 Exercisable at September 30, 2023 164,850 $ 28.16 5.5 Yrs. $ 193
Summary of Restricted Stock Activity	2023 2022 Weighted-Average Weighted-Average Number of Grant Date Number of Grant Date Restricted Stock Fair Value Restricted Stock Fair Value Non-vested, January 1, 44,460 $ 30.12 32,030 $ 26.76 Granted — — 7,500 25.71 Vested ( 3,000 ) 25.71 — — Forfeited — — — — Non-vested, September 30, 41,460 $ 30.44 39,530 $ 28.99

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Abstract]
Summary of Changes In Accumulated Other Comprehensive Income (Loss)	Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2022 $ ( 57,353 ) Other comprehensive loss before reclassification ( 7,794 ) Amount reclassified from accumulated other comprehensive loss 165 Total other comprehensive loss ( 7,629 ) Balance as of September 30, 2023 $ ( 64,982 ) Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2021 $ ( 256 ) Other comprehensive loss before reclassification ( 60,309 ) Amount reclassified from accumulated other comprehensive income - Total other comprehensive loss ( 60,309 ) Balance as of September 30, 2022 $ ( 60,565 ) Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2023 $ ( 54,249 ) Other comprehensive loss before reclassification ( 10,733 ) Amount reclassified from accumulated other comprehensive loss - Total other comprehensive loss ( 10,733 ) Balance as of September 30, 2023 $ ( 64,982 ) Unrealized gains (losses) on available for sale securities (a) Balance as of June 30, 2022 $ ( 40,230 ) Other comprehensive loss before reclassification ( 20,335 ) Amount reclassified from accumulated other comprehensive loss - Total other comprehensive loss ( 20,335 ) Balance as of September 30, 2022 $ ( 60,565 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Significant Amounts Reclassified out of each Component of Accumulated Other Comprehensive Income (Loss)	Amount Reclassified From Accumulated Other Comprehensive Income (Loss) (a) Affected Line Item in Three months ended Consolidated September 30, Statements Details about other comprehensive income 2023 2022 of Income Unrealized losses on available for sale securities $ — $ — Net realized (losses) gains on sales of securities Tax effect — — Income tax expense $ — $ — Nine months ended September 30, 2023 2022 Unrealized losses on available for sale securities $ ( 209 ) $ — Net realized (losses) gains on sales of securities Tax effect 44 — Income tax expense $ ( 165 ) $ — (a) Amounts in parentheses indicate debits to net income

Off-Balance Sheet Financial I_2

Off-Balance Sheet Financial Instruments and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2023
Off-Balance Sheet Financial Instruments and Guarantees [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks	(in thousands) September 30, 2023 2022 Commitments to grant loans $ 88,184 $ 101,466 Unfunded commitments under lines of credit 162,207 145,636 Standby letters of credit 13,616 12,934 $ 264,007 $ 260,036

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Securities [Abstract]
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities	September 30, 2023 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair Cost Gains Losses Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 43,182 $ - $ ( 3,291 ) $ - $ 39,891 U.S. Government agencies 21,355 - ( 3,305 ) - 18,050 States and political subdivisions 151,953 - ( 33,412 ) - 118,541 Mortgage-backed securities- government sponsored entities 246,996 - ( 42,979 ) - 204,017 Total debt securities $ 463,486 $ - $ ( 82,987 ) $ - $ 380,499 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 45,066 $ - $ ( 3,212 ) $ 41,854 U.S. Government agencies 21,266 - ( 2,943 ) 18,323 States and political subdivisions 157,524 2 ( 29,674 ) 127,852 Mortgage-backed securities-government sponsored entities 268,400 - ( 37,502 ) 230,898 Total debt securities $ 492,256 $ 2 $ ( 73,331 ) $ 418,927
Schedule of Investments' Gross Unrealized Losses and Fair Value Aggregated by Security Type and Length of Time that Individual Securities have been in a Continuous Unrealized Loss Position	September 30, 2023 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities $ - $ - $ 39,891 $ ( 3,291 ) $ 39,891 $ ( 3,291 ) U.S. Government agencies - - 18,050 ( 3,305 ) 18,050 ( 3,305 ) States and political subdivisions 3,557 ( 86 ) 114,984 ( 33,326 ) 118,541 ( 33,412 ) Mortgage-backed securities-government sponsored entities - - 204,017 ( 42,979 ) 204,017 ( 42,979 ) $ 3,557 $ ( 86 ) $ 376,942 $ ( 82,901 ) $ 380,499 $ ( 82,987 ) December 31, 2022 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury securities $ 25,733 $ ( 849 ) $ 16,121 $ ( 2,363 ) $ 41,854 $ ( 3,212 ) U.S. Government agencies 8,321 ( 885 ) 10,002 ( 2,058 ) 18,323 ( 2,943 ) States and political subdivisions 66,680 ( 11,194 ) 57,367 ( 18,480 ) 124,047 ( 29,674 ) Mortgage-backed securities-government sponsored entities 102,361 ( 10,639 ) 128,537 ( 26,863 ) 230,898 ( 37,502 ) $ 203,095 $ ( 23,567 ) $ 212,027 $ ( 49,764 ) $ 415,122 $ ( 73,331 )
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	Available for Sale Amortized Cost Fair Value (In Thousands) Due in one year or less $ 13,011 $ 12,855 Due after one year through five years 44,329 40,605 Due after five years through ten years 67,853 52,653 Due after ten years 91,297 70,369 216,490 176,482 Mortgage-backed securities-government sponsored entities 246,996 204,017 $ 463,486 $ 380,499
Gross Realized Gains and Losses on Sales of Securities Available-for-Sale	Three Months Nine Months Ended September 30, Ended September 30, 2023 2022 2023 2022 Gross realized gains $ — $ — $ 4 $ — Gross realized losses — — ( 213 ) — Net realized gains (losses) $ — $ — $ ( 209 ) $ — Proceeds from sales of securities $ — $ — $ 3,345 $ —

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2023
Loans Receivable and Allowance for Loan Losses [Abstract]
Composition of the Loan Portfolio	September 30, 2023 December 31, 2022 Real Estate Loans: Residential $ 316,139 19.6 % $ 298,813 20.3 % Commercial 688,485 42.7 651,544 44.2 Agricultural 66,767 4.2 68,915 4.7 Construction 41,305 2.6 32,469 2.2 Commercial loans 205,014 12.7 187,257 12.7 Other agricultural loans 32,740 2.0 35,277 2.4 Consumer loans to individuals 260,828 16.2 200,149 13.5 Total loans 1,611,278 100.0 % 1,474,424 100.0 % Deferred fees, net ( 209 ) ( 479 ) Total loans receivable 1,611,069 1,473,945 Allowance for credit losses ( 16,086 ) ( 16,999 ) Net loans receivable $ 1,594,983 $ 1,456,946
Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment	Real Estate Loans Commercial Other Consumer Residential Commercial Agricultural Construction Loans Agricultural Loans Total September 30, 2023 (In thousands) Individually evaluated $ 575 $ 2,222 $ — $ — $ 7,071 $ — $ 668 $ 10,536 Collectively evaluated 315,564 686,263 66,767 41,305 197,943 32,740 260,160 1,600,742 Total Loans $ 316,139 $ 688,485 $ 66,767 $ 41,305 $ 205,014 $ 32,740 $ 260,828 $ 1,611,278 The following table shows the amount of loans in each category that were individually and collectively evaluated for impairment at the dates indicated: Real Estate Loans Commercial Other Consumer Residential Commercial Agricultural Construction Loans Agricultural Loans Total (In thousands) December 31, 2022 Individually evaluated for impairment $ - $ 402 $ — $ - $ 61 $ — $ - $ 463 Loans acquired with deteriorated credit quality 567 2,049 2,034 - 1,640 — - 6,290 Collectively evaluated for impairment 298,246 649,093 66,881 32,469 185,556 35,277 200,149 1,467,671 Total Loans $ 298,813 $ 651,544 $ 68,915 $ 32,469 $ 187,257 $ 35,277 $ 200,149 $ 1,474,424
Impaired Loans and Related Interest Income by Loan Portfolio Class	The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Unpaid Recorded Principal Associated Investment Balance Allowance December 31, 2022 (in thousands) With no related allowance recorded: Real Estate Loans: Commercial $ 402 $ 402 $ — Commercial Loans 11 11 — Subtotal 413 413 — With an allowance recorded: Commercial Loans 50 50 50 Subtotal 50 50 50 Total: Real Estate Loans: Commercial 402 402 — Commercial Loans 61 61 50 Total Impaired Loans $ 463 $ 463 $ 50 The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the three-month period ended September 30, 2022 (in thousands): Average Recorded Interest Income Investment Recognized 2022 2022 Real Estate Loans: Commercial $ — $ 18 Commercial Loans 13 — Total $ 13 $ 18 The following table presents the average recorded investment in impaired loans and the related amount of interest income recognized during the nine-month period ended September 30, 2022 (in thousands): Average Recorded Interest Income Investment Recognized 2022 2022 Real Estate Loans: Commercial $ 825 $ 55 Commercial Loans 14 3 Total $ 839 $ 58
Loan Portfolio Summarized by the Past Due Status	Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Non-accrual Total Past Due and Non-Accrual Total Loans September 30, 2023 Real Estate loans Residential $ 314,588 $ 957 $ 19 $ - $ 575 $ 1,551 $ 316,139 Commercial 685,293 970 - - 2,222 3,192 688,485 Agricultural 66,767 - - - - - 66,767 Construction 41,285 20 - - - 20 41,305 Commercial loans 197,498 445 - - 7,071 7,516 205,014 Other agricultural loans 32,740 - - - - 32,740 Consumer loans 259,489 516 155 - 668 1,339 260,828 Total $ 1,597,660 $ 2,908 $ 174 $ - $ 10,536 $ 13,618 $ 1,611,278 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due and still accruing Non-accrual Total Past Due and Non-Accrual Purchased Credit Impaired Loans Total Loans December 31, 2022 Real Estate loans Residential $ 297,350 $ 187 $ 223 $ - $ 486 $ 896 $ 567 $ 298,813 Commercial 648,688 405 - - 402 807 2,049 651,544 Agricultural 66,751 130 - - 130 2,034 68,915 Construction 32,469 - - - - - - 32,469 Commercial loans 185,485 71 - - 61 132 1,640 187,257 Other agricultural loans 35,277 - - - - - 35,277 Consumer loans 198,893 853 239 - 164 1,256 - 200,149 Total $ 1,464,913 $ 1,646 $ 462 $ - $ 1,113 $ 3,221 $ 6,290 $ 1,474,424
Allowance for Loan Losses and Recorded Investment in Financing Receivables	(In thousands) Residential Real Estate Commercial Real Estate Agricultural Construction Commercial Other Agricultural Consumer Total Beginning balance, December 31, 2022 $ 2,833 $ 8,293 $ 259 $ 409 $ 2,445 $ 124 $ 2,636 $ 16,999 Impact of adopting ASC 326 ( 1,545 ) 5,527 ( 200 ) 388 ( 1,156 ) 3 ( 551 ) 2,466 Charge Offs ( 6 ) ( 154 ) - - ( 2,147 ) - ( 692 ) ( 2,999 ) Recoveries 6 12 - - 20 - 64 102 (Release of) Provision for credit losses 45 ( 3,689 ) ( 26 ) 45 1,848 ( 44 ) 1,339 ( 482 ) Ending balance, September 30, 2023 $ 1,333 $ 9,989 $ 33 $ 842 $ 1,010 $ 83 $ 2,796 $ 16,086 Ending balance individually evaluated $ - $ - $ - $ - $ - $ - $ - $ - Ending balance collectively evaluated $ 1,333 $ 9,989 $ 33 $ 842 $ 1,010 $ 83 $ 2,796 $ 16,086 (In thousands) Residential Real Estate Commercial Real Estate Agricultural Construction Commercial Other Agricultural Consumer Total Beginning balance, December 31, 2021 $ 2,175 $ 10,878 $ - $ 133 $ 1,490 $ - $ 1,766 $ 16,442 Charge Offs ( 120 ) ( 1 ) - - ( 16 ) - ( 249 ) ( 386 ) Recoveries 122 80 - - 36 - 37 275 Provision for loan losses 736 ( 2,354 ) 220 186 910 123 779 600 Ending balance, September 30, 2022 $ 2,913 $ 8,603 $ 220 $ 319 $ 2,420 $ 123 $ 2,333 $ 16,931 Ending balance individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Ending balance collectively evaluated for impairment $ 2,913 $ 8,603 $ 220 $ 319 $ 2,420 $ 123 $ 2,333 $ 16,931 (In thousands) Residential Real Estate Commercial Real Estate Farmland Construction Commercial Other Agricultural Consumer Total Beginning balance, June 30, 2023 $ 1,264 $ 11,253 $ 55 $ 819 $ 1,281 $ 86 $ 2,725 $ 17,483 Charge Offs - - - - ( 2,000 ) - ( 384 ) ( 2,384 ) Recoveries - 3 - - 14 - 18 35 (Release of) Provision for credit losses 69 ( 1,267 ) ( 22 ) 23 1,715 ( 3 ) 437 952 Ending balance, September 30, 2023 $ 1,333 $ 9,989 $ 33 $ 842 $ 1,010 $ 83 $ 2,796 $ 16,086 (In thousands) Residential Real Estate Commercial Real Estate Farmland Construction Commercial Other Agricultural Consumer Total Beginning balance, June 30, 2022 $ 2,740 $ 9,155 $ 218 $ 242 $ 2,504 $ 112 $ 2,046 $ 17,017 Charge Offs - ( 1 ) - - ( 1 ) - ( 115 ) ( 117 ) Recoveries 4 - - - 13 - 14 31 Provision for loan losses 169 ( 551 ) 2 77 ( 96 ) 11 388 - Ending balance, September 30, 2022 $ 2,913 $ 8,603 $ 220 $ 319 $ 2,420 $ 123 $ 2,333 $ 16,931
Summary of Carrying Value of Loan on Nonaccrual Status	Nonaccrual Nonaccrual Loans Past Due with no with Total Over 90 Days Total ACL ACL Nonaccrual Still Accruing Nonperforming September 30, 2023 Real Estate loans Residential $ 575 $ - $ 575 $ - $ 575 Commercial 2,222 - 2,222 - 2,222 Agricultural - - - - - Construction - - - - - Commercial loans 7,071 - 7,071 - 7,071 Other agricultural loans - - - - - Consumer loans 668 - 668 - 668 Total $ 10,536 $ - $ 10,536 $ - $ 10,536
Summary of Recorded Investment by Internal Risk Rating Systems	Based on the most recent analysis performed, the following table presents the recorded investment in non-homogenous pools by internal risk rating systems (in thousands): Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted September 30, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial real estate Risk Rating Pass $ 63,900 $ 130,901 $ 115,171 $ 77,750 $ 73,789 $ 197,656 $ 16,115 $ - $ 675,282 Special Mention 1,000 414 243 1,341 - 6,184 - - 9,182 Substandard - 284 - 1,453 - 2,284 - - 4,021 Doubtful - - - - - - - - - Total $ 64,900 $ 131,599 $ 115,414 $ 80,544 $ 73,789 $ 206,124 $ 16,115 $ - $ 688,485 Commercial real estate Current period gross charge-offs $ - $ - $ - $ - $ 112 $ 42 $ - $ - $ 154 Real Estate - Agriculture Risk Rating Pass $ 2,218 $ 12,581 $ 5,506 $ 8,839 $ 8,361 $ 26,291 $ 741 $ - $ 64,537 Special Mention - - - - - 493 - - 493 Substandard - 507 - 1,041 - 189 - - 1,737 Doubtful - - - - - - - - - Total $ 2,218 $ 13,088 $ 5,506 $ 9,880 $ 8,361 $ 26,973 $ 741 $ - $ 66,767 Real Estate - Agriculture Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial loans Risk Rating Pass $ 53,035 $ 45,809 $ 25,867 $ 11,173 $ 11,646 $ 17,491 $ 28,742 $ - $ 193,763 Special Mention 577 1,471 281 159 35 197 1,114 - 3,834 Substandard - - 405 3,463 - 49 3,500 - 7,417 Doubtful - - - - - - - - - Total $ 53,612 $ 47,280 $ 26,553 $ 14,795 $ 11,681 $ 17,737 $ 33,356 $ - $ 205,014 Commercial loans Current period gross charge-offs $ - $ 32 $ 24 $ 2,050 $ - $ 41 $ - $ - $ 2,147 Other agricultural loans Risk Rating Pass $ 2,071 $ 5,510 $ 3,424 $ 3,023 $ 2,777 $ 4,532 $ 10,848 $ - $ 32,185 Special Mention - - 3 185 93 - 155 - 436 Substandard - - - - 119 - - - 119 Doubtful - - - - - - - - - Total $ 2,071 $ 5,510 $ 3,427 $ 3,208 $ 2,989 $ 4,532 $ 11,003 $ - $ 32,740 Other agricultural loans Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Risk Rating Pass $ 121,224 $ 194,801 $ 149,968 $ 100,785 $ 96,573 $ 245,970 $ 56,446 $ - $ 965,767 Special Mention 1,577 1,885 527 1,685 128 6,874 1,269 - 13,945 Substandard - 791 405 5,957 119 2,522 3,500 - 13,294 Doubtful - - - - - - - - - Total $ 122,801 $ 197,477 $ 150,900 $ 108,427 $ 96,820 $ 255,366 $ 61,215 $ - $ 993,006 The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard, Doubtful and Loss within the internal risk rating system as of December 31, 2022 (in thousands): Special Doubtful Pass Mention Substandard or Loss Total December 31, 2022 Commercial real estate loans $ 646,775 $ 1,079 $ 3,690 $ — $ 651,544 Real estate - agricultural 66,444 368 2,103 — 68,915 Commercial loans 186,966 184 107 — 187,257 Other agricultural loans 34,071 556 650 — 35,277 Total $ 934,256 $ 2,187 $ 6,550 $ — $ 942,993
Summary of Recorded Investment in Loan Classes Based on Payment Activity	The Company monitors the credit risk profile by payment activity for residential and consumer loan classes. Loans past due over 90 days and loans on nonaccrual status are considered nonperforming. Nonperforming loans are reviewed monthly. The following table presents the carrying value of residential and consumer loans based on payment activity (in thousands): Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted September 30, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate Payment Performance Performing $ 21,935 $ 60,944 $ 58,600 $ 36,483 $ 16,836 $ 91,136 $ 29,630 $ - $ 315,564 Nonperforming - - - - 57 450 68 - 575 Total $ 21,935 $ 60,944 $ 58,600 $ 36,483 $ 16,893 $ 91,586 $ 29,698 $ - $ 316,139 Residential real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ 6 $ - $ - $ 6 Construction Payment Performance Performing $ 11,877 $ 18,649 $ 6,221 $ 1,612 $ 1,870 $ 769 $ 307 $ - $ 41,305 Nonperforming - - - - - - - - - Total $ 11,877 $ 18,649 $ 6,221 $ 1,612 $ 1,870 $ 769 $ 307 $ - $ 41,305 Construction Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans to individuals Payment Performance Performing $ 109,441 $ 83,098 $ 27,191 $ 16,110 $ 11,980 $ 11,127 $ 1,213 $ - $ 260,160 Nonperforming 28 499 67 31 43 - - - 668 Total $ 109,469 $ 83,597 $ 27,258 $ 16,141 $ 12,023 $ 11,127 $ 1,213 $ - $ 260,828 Consumer loans to individuals Current period gross charge-offs $ 7 $ 462 $ 132 $ 29 $ 37 $ 11 $ 14 $ - $ 692 Total Payment Performance Performing $ 143,253 $ 162,691 $ 92,012 $ 54,205 $ 30,686 $ 103,032 $ 31,150 $ - $ 617,029 Nonperforming 28 499 67 31 100 450 68 - 1,243 Total $ 143,281 $ 163,190 $ 92,079 $ 54,236 $ 30,786 $ 103,482 $ 31,218 $ - $ 618,272 For residential real estate loans, construction loans and consumer loans, the Company evaluates credit quality based on the performance of the individual credits. The following table presents the recorded investment in the loan classes based on payment activity as of December 31, 2022 (in thousands): Performing Nonperforming Total December 31, 2022 Residential real estate loans $ 298,327 $ 486 $ 298,813 Construction 32,469 — 32,469 Consumer loans to individuals 199,985 164 200,149 Total $ 530,781 $ 650 $ 531,431

Operating Leases (Tables)

Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Operating Leases [Abstract]
Lease Cost	Operating Weighted-average remaining term 9.7 Weighted-average discount rate 2.76 %
Undiscounted Cash Flows Due	Undiscounted cash flows due (in thousands) Operating 2023 $ 164 2024 664 2025 680 2026 524 2027 401 2028 and thereafter 2,414 Total undiscounted cash flows 4,847 Discount on cash flows 704 Total lease liabilities $ 4,143

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value of Assets and Liabilities [Abstract]
Fair Value, Assets Measured on Recurring Basis	Fair Value Measurement Using Reporting Date Description Total Level 1 Level 2 Level 3 September 30, 2023 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 39,891 $ - $ 39,891 $ - U.S. Government agencies 18,050 - 18,050 - States and political subdivisions 118,541 - 118,541 - Mortgage-backed securities-government sponsored entities 204,017 - 204,017 - Interest rate derivatives 1,631 - 1,631 - LIABILITIES Interest rate derivatives 1,631 - 1,631 - Description Total Level 1 Level 2 Level 3 December 31, 2022 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 41,854 $ - $ 41,854 $ - U.S. Government agencies 18,323 - 18,323 - States and political subdivisions 127,852 - 127,852 - Mortgage-backed securities-government sponsored entities 230,898 - 230,898 - Interest rate derivatives 1,464 - 1,464 - LIABILITIES Interest rate derivatives 1,464 - 1,464 -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis	Fair Value Measurement Using Reporting Date (In thousands) Description Total Level 1 Level 2 Level 3 September 30, 2023 Individually analyzed loans held for investment $ 10,535 $ - $ - $ 10,535 Foreclosed Real Estate Owned 290 - - 290 December 31, 2022 Impaired Loans $ 413 $ - $ - $ 413 Foreclosed Real Estate Owned 346 - - 346
Additional Qualitative Information about Level 3 Assets	Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) September 30, 2023 Individually analyzed loans held for investment $ 10,535 Appraisal of collateral(1) Appraisal adjustments(2) 10 %- 21.69 % ( 20.52 %) Foreclosed real estate owned $ 290 Appraisal of collateral(1) Liquidation Expenses(2) 39.79 % ( 39.79 %) Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2022 Impaired loans $ 413 Appraisal of collateral(1) Appraisal adjustments(2) 0 %- 10.0 % ( 8.92 %) Foreclosed real estate owned $ 346 Appraisal of collateral(1) Liquidation Expenses(2) 7.00 % ( 7.00 %) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Fair Value, by Balance Sheet Grouping	Fair Value Measurements at September 30, 2023 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 54,146 $ 54,146 $ 54,146 $ - $ - Loans receivable, net 1,594,983 1,535,456 - - 1,535,456 Mortgage servicing rights 191 497 - - 497 Regulatory stock (1) 8,843 8,843 8,843 - - Bank owned life insurance (1) 46,197 46,197 46,197 - - Accrued interest receivable (1) 7,759 7,759 7,759 - - Financial liabilities: Deposits 1,746,824 1,745,168 1,121,581 - 623,587 Short-term borrowings (1) 103,881 103,881 103,881 - - Other borrowings 137,447 135,652 - - 135,652 Accrued interest payable (1) 8,605 8,605 8,605 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - Fair Value Measurements at December 31, 2022 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 31,866 $ 31,866 $ 31,866 $ - $ - Loans receivable, net 1,456,946 1,418,300 - - 1,418,300 Mortgage servicing rights 213 498 - - 498 Regulatory stock (1) 5,418 5,418 5,418 - - Bank owned life insurance (1) 43,364 43,364 43,364 - - Accrued interest receivable (1) 6,917 6,917 6,917 - - Financial liabilities: Deposits 1,727,727 1,727,184 1,223,958 - 503,226 Short-term borrowings (1) 93,215 93,215 93,215 - - Other borrowings 40,000 40,074 - - 40,074 Accrued interest payable (1) 2,653 2,653 2,653 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - (1) This financial instrument is carried at cost, which approximates the fair value of the instrument.

Interest Rate Swaps (Tables)

Interest Rate Swaps (Tables)	9 Months Ended
	Sep. 30, 2023
Interest Rate Swaps [Abstract]
Summary of Derivatives	(Amounts in thousands) Notional Amount Fair Value September 30, 2023 December 31, 2022 Interest Rate Paid Interest Rate Received September 30, 2023 December 31, 2022 Customer interest rate swap Maturing November, 2030 $ 6,238 $ 6,513 Term SOFR + Margin Fixed $ 993 $ 889 Maturing December, 2030 4,100 4,297 Term SOFR + Margin Fixed 638 575 Total $ 10,338 $ 10,810 $ 1,631 $ 1,464 Third party interest rate swap Maturing November, 2030 $ 6,238 $ 6,513 Fixed Term SOFR + Margin $ 993 $ 889 Maturing December, 2030 4,100 4,297 Fixed Term SOFR + Margin 638 575 Total $ 10,338 $ 10,810 $ 1,631 $ 1,464
Fair Value of Derivative Instruments	(Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value September 30, 2023 Interest rate derivatives Other assets $ 1,631 Other liabilities $ 1,631 December 31, 2022 Interest rate derivatives Other assets 1,464 Other liabilities 1,464

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2022	Sep. 30, 2023
Retained Earnings (Accumulated Deficit)		$ 130,020	$ 137,363
ACL on debt securities available for sale		$ 0	0
Accounting Standards Update [Extensible Enumeration]		us-gaap:AccountingStandardsUpdate201613Member
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit)	$ 1,751
Provision for credit loss expense - loans	260
ACL on debt securities available for sale	0
Allowance for credit losses for PCD assets	$ 250
Accrued interest receivable			$ 1,787

Basis of Presentation (Changes

Basis of Presentation (Changes from Incurred Loss Model to Expected Credit Loss Model) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on debt securities available for sale	$ 0		$ 0
ACL on loans	16,086	$ 17,483	16,999	$ 16,931	$ 17,017	$ 16,442
ACL			19,794
Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			16,999
ACL			16,999
Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans	2,466		2,466
ACL			2,795
Unfunded Loan Commitment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL for unfunded commitments			329
Unfunded Loan Commitment [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL for unfunded commitments			329
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans	1,333	1,264	1,288	2,913	2,740	2,175
Residential Real Estate Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			2,833
Residential Real Estate Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			(1,545)
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans	9,989	11,253	13,820	8,603	9,155	10,878
Commercial Real Estate Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			8,293
Commercial Real Estate Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			5,527
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			59
Agricultural Real Estate Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			259
Agricultural Real Estate Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			(200)
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans	842	819	797	319	242	133
Construction Real Estate Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			409
Construction Real Estate Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			388
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans	1,010	1,281	1,289	2,420	2,504	1,490
Commercial Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			2,445
Commercial Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			(1,156)
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			127
Other Agricultural Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			124
Other Agricultural Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			3
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans	$ 2,796	$ 2,725	2,085	$ 2,333	$ 2,046	$ 1,766
Consumer Loans [Member] | Pre Adoption [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			2,636
Consumer Loans [Member] | Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
ACL on loans			$ (551)

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noninterest Income (in scope of Topic 606)	$ 1,922	$ 1,886	$ 5,325	$ 7,055
Net realized (losses) gains on sales of securities			(209)
Loan servicing fees	38	24	88	58
Gain on sales of loans	18	1	27	1
Earnings on and proceeds from bank-owned life insurance	328	267	770	892
Noninterest Income (out-of-scope of Topic 606)	384	292	676	951
Total other income	2,306	2,178	6,001	8,006
Service Charges On Deposit Accounts [Member]
Noninterest Income (in scope of Topic 606)	108	107	322	312
ATM Fees [Member]
Noninterest Income (in scope of Topic 606)	120	127	332	340
Overdraft Fees [Member]
Noninterest Income (in scope of Topic 606)	334	305	995	909
Safe Deposit Box Rental [Member]
Noninterest Income (in scope of Topic 606)	23	24	71	70
Loan Related Service Fees [Member]
Noninterest Income (in scope of Topic 606)	146	104	430	626
Debit Card Fees[Member]
Noninterest Income (in scope of Topic 606)	591	624	1,726	1,879
Fiduciary Activities [Member]
Noninterest Income (in scope of Topic 606)	246	219	688	634
Commissions On Mutual Funds And Annuities [Member]
Noninterest Income (in scope of Topic 606)	167	31	228	98
Gains On Sales Of Other Real Estate Owned [Member]
Noninterest Income (in scope of Topic 606)	13		13	427
Other Income [Member]
Noninterest Income (in scope of Topic 606)	$ 174	$ 345	$ 520	$ 1,760

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	166,100	108,100	166,100	108,100
Share price	$ 25.76	$ 26.58	$ 25.76	$ 26.58	$ 33.44

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Weighted Average Shares Outstanding used in the Computations of Basic and Diluted Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Weighted Average Number of Shares Outstanding, Basic [Abstract]
Weighted average shares outstanding	8,069	8,158	8,115	8,187
Less: Unvested restricted shares	(42)	(40)	(43)	(38)
Basic EPS weighted average shares outstanding	8,027	8,118	8,072	8,149
Basic EPS weighted average shares outstanding	8,027	8,118	8,072	8,149
Add: Dilutive effect of stock options and restricted shares	6	16	6	17
Diluted EPS weighted average shares outstanding	8,033	8,134	8,078	8,166

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future compensation expense of non-vested restricted stock outstanding	$ 968,000
Non-vested restricted stock recognition period	4 years 3 months
Non-vested stock outstanding	41,460	39,530	44,460	32,030
Options, Granted	2,500
Compensation expense related to stock options	$ 287,000	$ 201,000
Share price	$ 25.76	$ 26.58	$ 33.44
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Granted	2,500
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 326,000	$ 272,000
Norwood Financial Corp 2014 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested options granted	$ 96,000

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock Option Activity) (Details) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Stock-Based Compensation [Abstract]
Options, beginning of year | shares	218,975
Options, Granted | shares	2,500
Options, Exercised | shares	(16,125)
Options, Forfeited | shares	(4,500)
Options, end of year | shares	200,850	218,975
Options, Exercisable, end of period | shares	164,850
Weighted Average Exercise Price Per Share, Outstanding, beginning of period | $ / shares	$ 28.70
Weighted Average Exercise Price Per Share, Granted | $ / shares	29.60
Weighted Average Exercise Price Per Share, Exercised | $ / shares	22.76
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	33.53
Weighted Average Exercise Price Per Share, Outstanding, end of period | $ / shares	29.07	$ 28.70
Weighted Average Exercise Price Per Share, Exercisable, end of period | $ / shares	$ 28.16
Weighted Average Remaining Contractual Term, Outstanding	6 years 1 month 6 days	6 years 9 months 18 days
Weighted Average Remaining Contractual Term, Granted in Period	9 years 6 months
Weighted Average Remaining Contractual Term, Exercised During Period	5 years 1 month 6 days
Weighted Average Remaining Contractual Term, Forfeited During Period	9 years 2 months 12 days
Weighted Average Remaining Contractual Term, Exercisable at End of Period	5 years 6 months
Aggregate Intrinsic Value, Outstanding, beginning of period | $	$ 1,100
Aggregate Intrinsic Value, Outstanding, end of period | $	193	$ 1,100
Aggregate Intrinsic Value, Exercisable at end of period | $	$ 193

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - $ / shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Stock-Based Compensation [Abstract]
Restricted stock Non-vested, beginning balance	44,460	32,030
Restricted stock, granted		7,500
Restricted stock, vested	(3,000)
Restricted stock, forfeited
Restricted stock Non-vested, ending balance	41,460	39,530
Restricted stock Non-vested, weighted-average grant date fair value, beginning balance	$ 30.12	$ 26.76
Restricted stock, granted, weighted-average grant date fair value		25.71
Restricted stock, vested, weighted-average grant date fair value	25.71
Restricted stock, forfeited, weighted-average grant date fair value
Restricted stock Non-vested, weighted-average grant date fair value, ending balance	$ 30.44	$ 28.99

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Summary Of Changes In Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ (57,353)
Other comprehensive loss	$ (10,733)	$ (20,335)	(7,629)	$ (60,309)
Ending balance	(64,982)		(64,982)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive loss	(10,733)	(20,335)	(7,629)	(60,309)
Amount Reclassified From Accumulated Other Comprehensive Income (Loss) [Member] | Unrealized Gains (Losses) On Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(54,249)	(40,230)	(57,353)	(256)
Other comprehensive loss before reclassification	(10,733)	(20,335)	(7,794)	(60,309)
Amount reclassified from accumulated other comprehensive (income) loss			165
Other comprehensive loss	(10,733)	(20,335)	(7,629)	(60,309)
Ending balance	$ (64,982)	$ (60,565)	$ (64,982)	$ (60,565)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Significant Amounts Reclassified out of each Component of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized losses on available for sale securities			$ (209)
Income tax expense	$ (1,068)	$ (2,100)	(4,289)	$ (5,709)
NET INCOME	$ 4,119	$ 8,109	16,405	$ 22,093
Amount Reclassified From Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized losses on available for sale securities			(209)
Income tax expense			44
NET INCOME			$ (165)

Off-Balance Sheet Financial I_3

Off-Balance Sheet Financial Instruments and Guarantees (Schedule of Fair Value, Off-balance Sheet Risks) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Loss Contingencies [Line Items]
Financial instrument commitments	$ 264,007	$ 260,036
Commitments to Grant Loans [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	88,184	101,466
Unfunded Commitments Under Lines of Credit [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	162,207	145,636
Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	$ 13,616	$ 12,934

Securities (Narrative) (Details

Securities (Narrative) (Details) $ in Thousands	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Securities [Abstract]
Debt securities in unrealized loss position in the less than twelve months category | security	8
Debt securities in unrealized loss position in the twelve months or more category | security	333
ACL on debt securities available for sale | $	$ 0	$ 0
Pledged Financial Instruments, Not Separately Reported, Securities | $	$ 299,141	$ 378,472

Securities (Schedule of Amortiz

Securities (Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	$ 463,486
Available for Sale, Fair Value	380,499	$ 418,927
Debt Securities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	463,486	492,256
Available for Sale, Gross Unrealized Gains		2
Available for Sale, Gross Unrealized Losses	(82,987)	(73,331)
Available for Sale, Fair Value	380,499	418,927
U.S. Treasury Securities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	43,182	45,066
Available for Sale, Gross Unrealized Losses	(3,291)	(3,212)
Available for Sale, Fair Value	39,891	41,854
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	21,355	21,266
Available for Sale, Gross Unrealized Losses	(3,305)	(2,943)
Available for Sale, Fair Value	18,050	18,323
States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	151,953	157,524
Available for Sale, Gross Unrealized Gains		2
Available for Sale, Gross Unrealized Losses	(33,412)	(29,674)
Available for Sale, Fair Value	118,541	127,852
Mortgage-backed Securities-Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	246,996	268,400
Available for Sale, Gross Unrealized Losses	(42,979)	(37,502)
Available for Sale, Fair Value	$ 204,017	$ 230,898

Securities (Schedule of Investm

Securities (Schedule of Investments' Gross Unrealized Losses and Fair Value Aggregated by Security Type and Length of Time that Individual Securities have been in a Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	$ 3,557	$ 203,095
Less than 12 Months, Unrealized Losses	(86)	(23,567)
12 Months or More, Fair Value	376,942	212,027
12 Months or More, Unrealized Losses	(82,901)	(49,764)
Total, Fair Value	380,499	415,122
Total, Unrealized Losses	(82,987)	(73,331)
U.S. Treasury Securities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		25,733
Less than 12 Months, Unrealized Losses		(849)
12 Months or More, Fair Value	39,891	16,121
12 Months or More, Unrealized Losses	(3,291)	(2,363)
Total, Fair Value	39,891	41,854
Total, Unrealized Losses	(3,291)	(3,212)
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		8,321
Less than 12 Months, Unrealized Losses		(885)
12 Months or More, Fair Value	18,050	10,002
12 Months or More, Unrealized Losses	(3,305)	(2,058)
Total, Fair Value	18,050	18,323
Total, Unrealized Losses	(3,305)	(2,943)
States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	3,557	66,680
Less than 12 Months, Unrealized Losses	(86)	(11,194)
12 Months or More, Fair Value	114,984	57,367
12 Months or More, Unrealized Losses	(33,326)	(18,480)
Total, Fair Value	118,541	124,047
Total, Unrealized Losses	(33,412)	(29,674)
Mortgage-backed Securities-Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value		102,361
Less than 12 Months, Unrealized Losses		(10,639)
12 Months or More, Fair Value	204,017	128,537
12 Months or More, Unrealized Losses	(42,979)	(26,863)
Total, Fair Value	204,017	230,898
Total, Unrealized Losses	$ (42,979)	$ (37,502)

Securities (Schedule of Amort_2

Securities (Schedule of Amortized Cost and Fair Value Of Debt Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Securities [Abstract]
Available for Sale, Amortized Cost, Due in one year or less	$ 13,011
Available for Sale, Amortized Cost, Due after one year through five years	44,329
Available for Sale, Amortized Cost, Due after five years through ten years	67,853
Available for Sale, Amortized Cost, Due after ten years	91,297
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	216,490
Available for Sale, Amortized Cost, Mortgage-backed securities-government sponsored entities	246,996
Available for Sale, Amortized Cost, Total	463,486
Available for Sale, Fair Value, Due in one year or less	12,855
Available for Sale, Fair Value, Due after one year through five years	40,605
Available for Sale, Fair Value, Due after five years through ten years	52,653
Available for Sale, Fair Value, Due after ten years	70,369
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	176,482
Available for Sale, Fair Value, Mortgage-backed securities-government sponsored entities	204,017
Available for Sale, Fair Value, Total	$ 380,499	$ 418,927

Securities (Gross Realized Gain

Securities (Gross Realized Gains and Losses on Sales of Securities Available-for-Sale) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Securities [Abstract]
Gross realized gains	$ 4
Gross realized losses	(213)
Net realized gains (losses)	(209)
Proceeds from sales of securities	$ 3,345

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Loan Losses (Narrative) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) property	Sep. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Acquired Through Foreclosure	$ 290,000		$ 290,000			$ 346,000
Financing Receivable, before Allowance for Credit Loss	1,611,278,000		1,611,278,000			1,474,424,000
Charge offs	2,384,000	$ 117,000	2,999,000	$ 386,000
Allowance for loan losses	16,086,000	16,931,000	16,086,000	16,931,000	$ 17,483,000	16,999,000	$ 17,017,000	$ 16,442,000
(Release of) Provision for credit losses	952,000		$ (482,000)	600,000
Single Property [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of property recognized write-down | property			1
Realizable Value Of Property Writedown			$ 54,000
Number Of Properties Under Foreclosure Proceedings | property			1
Mortgage Loans in Process of Foreclosure, Amount	290,000		$ 290,000
Multiple Properties [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number Of Properties Disposed By Sale | property			3
Proceeds from Sale of Mortgage Loans Held-for-sale			$ 292,000
Commercial Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge offs			6,000
Residential Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge offs			$ 44,000
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number Of Properties Under Foreclosure Proceedings | property			3
Mortgage Loans in Process of Foreclosure, Amount	203,000		$ 203,000
Financing Receivable, before Allowance for Credit Loss	316,139,000		316,139,000			298,813,000
Charge offs			6,000	120,000
Allowance for loan losses	1,333,000	2,913,000	1,333,000	2,913,000	1,264,000	1,288,000	2,740,000	2,175,000
(Release of) Provision for credit losses	69,000	169,000	45,000	736,000
Residential Real Estate Loans [Member] | Hospitality Lodging Industry [Member] | Loans Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	121,900,000		$ 121,900,000
Concentration Risk, Percentage			7.60%
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	688,485,000		$ 688,485,000			651,544,000
Charge offs		1,000	154,000	1,000
Allowance for loan losses	9,989,000	8,603,000	9,989,000	8,603,000	$ 11,253,000	13,820,000	$ 9,155,000	$ 10,878,000
(Release of) Provision for credit losses	(1,267,000)	$ (551,000)	(3,689,000)	$ (2,354,000)
Commercial Real Estate Loans [Member] | Commercial Rentals [Member] | Loans Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	146,400,000		$ 146,400,000
Concentration Risk, Percentage			9.10%
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Annual Loan Review threshold, amount			$ 1,500,000
Adoption Impact [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 2,466,000		$ 2,466,000			2,466,000
Adoption Impact [Member] | Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses						(1,545,000)
Adoption Impact [Member] | Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses						$ 5,527,000

Loans Receivable and Allowanc_4

Loans Receivable and Allowance for Loan Losses (Composition of the Loan Portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,611,278		$ 1,474,424
Deferred fees, net	(209)		(479)
Total loans receivable	1,611,069		1,473,945
Allowance for credit losses	(16,086)	$ (17,483)	(16,999)	$ (16,931)	$ (17,017)	$ (16,442)
Net loans receivable	$ 1,594,983		$ 1,456,946
Percent of Loans	100%		100%
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 316,139		$ 298,813
Allowance for credit losses	$ (1,333)	(1,264)	$ (1,288)	(2,913)	(2,740)	(2,175)
Percent of Loans	19.60%		20.30%
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 688,485		$ 651,544
Allowance for credit losses	$ (9,989)	(11,253)	$ (13,820)	(8,603)	(9,155)	(10,878)
Percent of Loans	42.70%		44.20%
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 66,767		$ 68,915
Allowance for credit losses			$ (59)
Percent of Loans	4.20%		4.70%
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 41,305		$ 32,469
Allowance for credit losses	$ (842)	(819)	$ (797)	(319)	(242)	(133)
Percent of Loans	2.60%		2.20%
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 205,014		$ 187,257
Allowance for credit losses	$ (1,010)	(1,281)	$ (1,289)	(2,420)	(2,504)	(1,490)
Percent of Loans	12.70%		12.70%
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 32,740		$ 35,277
Allowance for credit losses			$ (127)
Percent of Loans	2%		2.40%
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 260,828		$ 200,149
Allowance for credit losses	$ (2,796)	$ (2,725)	$ (2,085)	$ (2,333)	$ (2,046)	$ (1,766)
Percent of Loans	16.20%		13.50%

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Loan Losses (Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 10,536	$ 463
Loans acquired with deteriorated credit quality		6,290
Collectively evaluated for impairment	1,600,742	1,467,671
Total	1,611,278	1,474,424
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	575
Loans acquired with deteriorated credit quality		567
Collectively evaluated for impairment	315,564	298,246
Total	316,139	298,813
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	2,222	402
Loans acquired with deteriorated credit quality		2,049
Collectively evaluated for impairment	686,263	649,093
Total	688,485	651,544
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans acquired with deteriorated credit quality		2,034
Collectively evaluated for impairment	66,767	66,881
Total	66,767	68,915
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	41,305	32,469
Total	41,305	32,469
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	7,071	61
Loans acquired with deteriorated credit quality		1,640
Collectively evaluated for impairment	197,943	185,556
Total	205,014	187,257
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	32,740	35,277
Total	32,740	35,277
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	668
Collectively evaluated for impairment	260,160	200,149
Total	$ 260,828	$ 200,149

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Loan Losses (Impaired Loans and Related Interest Income by Loan Portfolio Class) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment			$ 413
Impaired Financing Receivable, with Related Allowance, Recorded Investment			50
Impaired Financing Receivable, Recorded Investment			463
Unpaid Principal Balance, With no related allowance recorded			413
Unpaid Principal Balance, With an allowance recorded			50
Unpaid Principal Balance, Total			463
Associated Allowance			50
Average Recorded Investment, Total	$ 13	$ 839
Interest Income Recognized, Total	18	58
Commercial Real Estate Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment			402
Impaired Financing Receivable, Recorded Investment			402
Unpaid Principal Balance, With no related allowance recorded			402
Unpaid Principal Balance, Total			402
Average Recorded Investment, Total		825
Interest Income Recognized, Total	18	55
Commercial Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment			11
Impaired Financing Receivable, with Related Allowance, Recorded Investment			50
Impaired Financing Receivable, Recorded Investment			61
Unpaid Principal Balance, With no related allowance recorded			11
Unpaid Principal Balance, With an allowance recorded			50
Unpaid Principal Balance, Total			61
Associated Allowance			$ 50
Average Recorded Investment, Total	$ 13	14
Interest Income Recognized, Total		$ 3

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Loan Losses (Loan Portfolio Summarized by the Past Due Status) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Financing Receivable, Past Due [Line Items]
Loans	$ 1,611,278	$ 1,474,424
Non-Accrual	10,536	1,113	$ 10,536
Total Past Due and Non-Accrual	13,618	3,221
Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans		6,290
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	1,597,660	1,464,913
Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	2,908	1,646
Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	174	462
Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	316,139	298,813
Non-Accrual	575	486	575
Total Past Due and Non-Accrual	1,551	896
Residential Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans		567
Residential Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	314,588	297,350
Residential Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	957	187
Residential Real Estate Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	19	223
Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	688,485	651,544
Non-Accrual	2,222	402	2,222
Total Past Due and Non-Accrual	3,192	807
Commercial Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans		2,049
Commercial Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	685,293	648,688
Commercial Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	970	405
Agricultural Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	66,767	68,915
Total Past Due and Non-Accrual		130
Agricultural Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans		2,034
Agricultural Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	66,767	66,751
Agricultural Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans		130
Construction Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	41,305	32,469
Total Past Due and Non-Accrual	20
Construction Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	41,285	32,469
Construction Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	20
Commercial Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	205,014	187,257
Non-Accrual	7,071	61	7,071
Total Past Due and Non-Accrual	7,516	132
Commercial Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans		1,640
Commercial Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	197,498	185,485
Commercial Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	445	71
Other Agricultural Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	32,740	35,277
Other Agricultural Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	32,740	35,277
Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	260,828	200,149
Non-Accrual	668	164	$ 668
Total Past Due and Non-Accrual	1,339	1,256
Consumer Loans [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	259,489	198,893
Consumer Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	516	853
Consumer Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	$ 155	$ 239

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Loan Losses (Allowance for Loan Losses and Recorded Investment in Financing Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	$ 17,483	$ 17,017	$ 16,999	$ 16,442
Charge Offs	(2,384)	(117)	(2,999)	(386)
Recoveries	35	31	102	275
(Release of) Provision for credit losses	952		(482)	600
Ending balance,	16,086	16,931	16,086	16,931
Ending balance collectively evaluated for impairment	16,086	16,931	16,086	16,931
Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,264	2,740	1,288	2,175
Charge Offs			(6)	(120)
Recoveries		4	6	122
(Release of) Provision for credit losses	69	169	45	736
Ending balance,	1,333	2,913	1,333	2,913
Ending balance collectively evaluated for impairment	1,333	2,913	1,333	2,913
Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	11,253	9,155	13,820	10,878
Charge Offs		(1)	(154)	(1)
Recoveries	3		12	80
(Release of) Provision for credit losses	(1,267)	(551)	(3,689)	(2,354)
Ending balance,	9,989	8,603	9,989	8,603
Ending balance collectively evaluated for impairment	9,989	8,603	9,989	8,603
Farmland [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	55	218
(Release of) Provision for credit losses	(22)	2	(26)	220
Ending balance,	33	220	33	220
Ending balance collectively evaluated for impairment	33	220	33	220
Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	819	242	797	133
(Release of) Provision for credit losses	23	77	45	186
Ending balance,	842	319	842	319
Ending balance collectively evaluated for impairment	842	319	842	319
Commercial Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,281	2,504	1,289	1,490
Charge Offs	(2,000)	(1)	(2,147)	(16)
Recoveries	14	13	20	36
(Release of) Provision for credit losses	1,715	(96)	1,848	910
Ending balance,	1,010	2,420	1,010	2,420
Ending balance collectively evaluated for impairment	1,010	2,420	1,010	2,420
Other Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	86	112
(Release of) Provision for credit losses	(3)	11	(44)	123
Ending balance,	83	123	83	123
Ending balance collectively evaluated for impairment	83	123	83	123
Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	2,725	2,046	2,085	1,766
Charge Offs	(384)	(115)	(692)	(249)
Recoveries	18	14	64	37
(Release of) Provision for credit losses	437	388	1,339	779
Ending balance,	2,796	2,333	2,796	2,333
Ending balance collectively evaluated for impairment	2,796	$ 2,333	2,796	$ 2,333
Pre Adoption [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			16,999
Pre Adoption [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			2,833
Pre Adoption [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			8,293
Pre Adoption [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			259
Pre Adoption [Member] | Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			409
Pre Adoption [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			2,445
Pre Adoption [Member] | Other Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			124
Pre Adoption [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			2,636
Adoption Impact [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			2,466
Ending balance,	$ 2,466		2,466
Adoption Impact [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			(1,545)
Adoption Impact [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			5,527
Adoption Impact [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			(200)
Adoption Impact [Member] | Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			388
Adoption Impact [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			(1,156)
Adoption Impact [Member] | Other Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			3
Adoption Impact [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,			$ (551)

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Loan Losses (Summary of Carrying Value of Loan on Nonaccrual Status) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL			$ 10,536
Non-Accrual	$ 10,536	$ 1,113	10,536
Total Nonperforming			10,536
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL			575
Non-Accrual	575	486	575
Total Nonperforming			575
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL			2,222
Non-Accrual	2,222	402	2,222
Total Nonperforming			2,222
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL			7,071
Non-Accrual	7,071	61	7,071
Total Nonperforming			7,071
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL			668
Non-Accrual	$ 668	$ 164	668
Total Nonperforming			$ 668

Loans Receivable and Allowan_10

Loans Receivable and Allowance for Loan Losses (Summary of Recorded Investment by Internal Risk Rating Systems) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 1,611,278	$ 1,474,424
Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	122,801
2022	197,477
2021	150,900
2020	108,427
2019	96,820
Prior	255,366
Revolving Loans Amortized Cost Basis	61,215
Total	993,006
Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		942,993
Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	121,224
2022	194,801
2021	149,968
2020	100,785
2019	96,573
Prior	245,970
Revolving Loans Amortized Cost Basis	56,446
Total	965,767
Pass [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		934,256
Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	1,577
2022	1,885
2021	527
2020	1,685
2019	128
Prior	6,874
Revolving Loans Amortized Cost Basis	1,269
Total	13,945
Special Mention [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		2,187
Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	791
2021	405
2020	5,957
2019	119
Prior	2,522
Revolving Loans Amortized Cost Basis	3,500
Total	13,294
Substandard [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		6,550
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	688,485	651,544
Commercial Real Estate Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	64,900
2022	131,599
2021	115,414
2020	80,544
2019	73,789
Prior	206,124
Revolving Loans Amortized Cost Basis	16,115
Total	688,485
Current period gross charge-offs, 2019	112
Current period gross charge-offs, Prior	42
Current period gross charge-offs, Total	154
Commercial Real Estate Loans [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		651,544
Commercial Real Estate Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	63,900
2022	130,901
2021	115,171
2020	77,750
2019	73,789
Prior	197,656
Revolving Loans Amortized Cost Basis	16,115
Total	675,282
Commercial Real Estate Loans [Member] | Pass [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		646,775
Commercial Real Estate Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	1,000
2022	414
2021	243
2020	1,341
Prior	6,184
Total	9,182
Commercial Real Estate Loans [Member] | Special Mention [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		1,079
Commercial Real Estate Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	284
2020	1,453
Prior	2,284
Total	4,021
Commercial Real Estate Loans [Member] | Substandard [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		3,690
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	66,767	68,915
Agricultural Real Estate Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	2,218
2022	13,088
2021	5,506
2020	9,880
2019	8,361
Prior	26,973
Revolving Loans Amortized Cost Basis	741
Total	66,767
Agricultural Real Estate Loans [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		68,915
Agricultural Real Estate Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	2,218
2022	12,581
2021	5,506
2020	8,839
2019	8,361
Prior	26,291
Revolving Loans Amortized Cost Basis	741
Total	64,537
Agricultural Real Estate Loans [Member] | Pass [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		66,444
Agricultural Real Estate Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	493
Total	493
Agricultural Real Estate Loans [Member] | Special Mention [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		368
Agricultural Real Estate Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	507
2020	1,041
Prior	189
Total	1,737
Agricultural Real Estate Loans [Member] | Substandard [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		2,103
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	205,014	187,257
Commercial Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	53,612
2022	47,280
2021	26,553
2020	14,795
2019	11,681
Prior	17,737
Revolving Loans Amortized Cost Basis	33,356
Total	205,014
Current period gross charge-offs, 2022	32
Current period gross charge-offs, 2021	24
Current period gross charge-offs, 2020	2,050
Current period gross charge-offs, Prior	41
Current period gross charge-offs, Total	2,147
Commercial Loans [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		187,257
Commercial Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	53,035
2022	45,809
2021	25,867
2020	11,173
2019	11,646
Prior	17,491
Revolving Loans Amortized Cost Basis	28,742
Total	193,763
Commercial Loans [Member] | Pass [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		186,966
Commercial Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	577
2022	1,471
2021	281
2020	159
2019	35
Prior	197
Revolving Loans Amortized Cost Basis	1,114
Total	3,834
Commercial Loans [Member] | Special Mention [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		184
Commercial Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2021	405
2020	3,463
Prior	49
Revolving Loans Amortized Cost Basis	3,500
Total	7,417
Commercial Loans [Member] | Substandard [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		107
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	32,740	35,277
Other Agricultural Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	2,071
2022	5,510
2021	3,427
2020	3,208
2019	2,989
Prior	4,532
Revolving Loans Amortized Cost Basis	11,003
Total	32,740
Other Agricultural Loans [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		35,277
Other Agricultural Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	2,071
2022	5,510
2021	3,424
2020	3,023
2019	2,777
Prior	4,532
Revolving Loans Amortized Cost Basis	10,848
Total	32,185
Other Agricultural Loans [Member] | Pass [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		34,071
Other Agricultural Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2021	3
2020	185
2019	93
Revolving Loans Amortized Cost Basis	155
Total	436
Other Agricultural Loans [Member] | Special Mention [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		556
Other Agricultural Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2019	119
Total	$ 119
Other Agricultural Loans [Member] | Substandard [Member] | Aggregate Pass and Criticized Categories [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total		$ 650

Loans Receivable and Allowan_11

Loans Receivable and Allowance for Loan Losses (Summary of Recorded investment in Loan Classes Based on Payment Activity) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 1,611,278	$ 1,474,424
Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	143,281
2022	163,190
2021	92,079
2020	54,236
2019	30,786
Prior	103,482
Revolving Loans Amortized Cost Basis	31,218
Total	618,272	531,431
Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	143,253
2022	162,691
2021	92,012
2020	54,205
2019	30,686
Prior	103,032
Revolving Loans Amortized Cost Basis	31,150
Total	617,029	530,781
Nonperforming [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	28
2022	499
2021	67
2020	31
2019	100
Prior	450
Revolving Loans Amortized Cost Basis	68
Total	1,243	650
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	316,139	298,813
Residential Real Estate Loans [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	21,935
2022	60,944
2021	58,600
2020	36,483
2019	16,893
Prior	91,586
Revolving Loans Amortized Cost Basis	29,698
Total	316,139	298,813
Current period gross charge-offs, Prior	6
Current period gross charge-offs, Total	6
Residential Real Estate Loans [Member] | Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	21,935
2022	60,944
2021	58,600
2020	36,483
2019	16,836
Prior	91,136
Revolving Loans Amortized Cost Basis	29,630
Total	315,564	298,327
Residential Real Estate Loans [Member] | Nonperforming [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2019	57
Prior	450
Revolving Loans Amortized Cost Basis	68
Total	575	486
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	41,305	32,469
Construction Real Estate Loans [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	11,877
2022	18,649
2021	6,221
2020	1,612
2019	1,870
Prior	769
Revolving Loans Amortized Cost Basis	307
Total	41,305	32,469
Construction Real Estate Loans [Member] | Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	11,877
2022	18,649
2021	6,221
2020	1,612
2019	1,870
Prior	769
Revolving Loans Amortized Cost Basis	307
Total	41,305	32,469
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	260,828	200,149
Consumer Loans [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	109,469
2022	83,597
2021	27,258
2020	16,141
2019	12,023
Prior	11,127
Revolving Loans Amortized Cost Basis	1,213
Total	260,828	200,149
Current period gross charge-offs, 2023	7
Current period gross charge-offs, 2022	462
Current period gross charge-offs, 2021	132
Current period gross charge-offs, 2020	29
Current period gross charge-offs, 2019	37
Current period gross charge-offs, Prior	11
Current period gross charge-offs, Revolving loans amortized cost basis	14
Current period gross charge-offs, Total	692
Consumer Loans [Member] | Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	109,441
2022	83,098
2021	27,191
2020	16,110
2019	11,980
Prior	11,127
Revolving Loans Amortized Cost Basis	1,213
Total	260,160	199,985
Consumer Loans [Member] | Nonperforming [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	28
2022	499
2021	67
2020	31
2019	43
Total	$ 668	$ 164

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details)	9 Months Ended
	Sep. 30, 2023 USD ($) item	Sep. 30, 2022 USD ($)
Operating Leases [Abstract]
Number of operating leases | item	8
Lease, Cost | $	$ 541,000	$ 454,000

Operating Leases (Lease Cost) (

Operating Leases (Lease Cost) (Details)	Sep. 30, 2023
Operating Leases [Abstract]
Weighted-average remaining term	9 years 8 months 12 days
Weighted-average discount rate	2.76%

Operating Leases (Undiscounted

Operating Leases (Undiscounted Cash Flows Due) (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Operating Leases [Abstract]
2023	$ 164
2024	664
2025	680
2026	524
2027	401
2028 and thereafter	2,414
Total undiscounted cash flows	4,847
Discount on cash flows	704
Total lease liabilities	$ 4,143

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Narrative) (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($) loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Financing Receivable, Recorded Investment		$ 463
Impaired Financing Receivable, Related Allowance		50
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		413
Impaired Financing Receivable, with Related Allowance, Recorded Investment		$ 50
Number of impaired loans, with related allowance | loan		3
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 10,535	$ 413
Impaired Loans, Cumulative Charge-Offs	$ 2,000	$ 0
Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans with related allowance | loan		1
Impaired Financing Receivable, with Related Allowance, Recorded Investment		$ 50
Valuation allowance		50
Impaired Loans, Cumulative Charge-Offs		$ 0

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Fair Value, Assets Measured on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	$ 39,891	$ 41,854
U.S. Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	39,891	41,854
U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	18,050	18,323
U.S. Government Agencies [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	18,050	18,323
States And Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	118,541	127,852
States And Political Subdivisions [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	118,541	127,852
Mortgage-backed Securities-Government Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	204,017	230,898
Mortgage-backed Securities-Government Sponsored Entities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	204,017	230,898
Interest Rate Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	1,631	1,464
LIABILITIES	1,631	1,464
Interest Rate Derivatives [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	1,631	1,464
LIABILITIES	$ 1,631	$ 1,464

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities (Fair Value, Assets and Liabilities Measured on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 10,535	$ 413
Fair Value, Nonrecurring [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	10,535	413
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	10,535	413
Fair Value, Nonrecurring [Member] | Foreclosed Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	290	346
Fair Value, Nonrecurring [Member] | Foreclosed Real Estate Owned [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 290	$ 346

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities (Additional Qualitative Information about Level 3 Assets) (Details) $ in Thousands	Sep. 30, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 10,535	$ 413
Impaired Loans [Member] | Appraisal of collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 10,535	$ 413
Impaired Loans [Member] | Minimum [Member] | Appraisal of collateral [Member] | Measurement Input, Appraised Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input	0.10	0
Impaired Loans [Member] | Maximum [Member] | Appraisal of collateral [Member] | Measurement Input, Appraised Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input	0.2169	0.100
Impaired Loans [Member] | Weighted Average [Member] | Appraisal of collateral [Member] | Measurement Input, Appraised Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Asset, Measurement Input	0.2052	0.0892
Foreclosed Real Estate Owned [Member] | Appraisal of collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 290	$ 346
Foreclosed Real Estate Owned [Member] | Appraisal of collateral [Member] | Measurement Input, Liquidation Expenses [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0.3979	0.0700
Foreclosed Real Estate Owned [Member] | Weighted Average [Member] | Appraisal of collateral [Member] | Measurement Input, Liquidation Expenses [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0.3979	0.0700

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities (Fair Value, by Balance Sheet Grouping) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents, Fair Value Disclosure	$ 54,146	$ 31,866
Financial assets: Loans receivable, net, Fair Value Disclosure	1,535,456	1,418,300
Financial assets: Mortgage servicing rights, Fair Value Disclosure	497	498
Financial assets: Regulatory stock, Fair Value Disclosure	8,843	5,418
Financial assets: Bank owned life insurance, Fair Value Disclosure	46,197	43,364
Financial assets: Accrued interest receivable, Fair Value Disclosure	7,759	6,917
Financial liabilities: Deposits, Fair Value Disclosure	1,745,168	1,727,184
Financial liabilities: Short-term borrowings, Fair Value Disclosure	103,881	93,215
Financial liabilities: Other borrowings, Fair Value Disclosure	135,652	40,074
Financial liabilities: Accrued interest payable, Fair Value Disclosure	8,605	2,653
Financial assets: Cash and cash equivalents	54,146	31,866	$ 40,877	$ 206,681
Financial assets: Loans receivable, net	1,594,983	1,456,946
Financial assets: Mortgage servicing rights	191	213
Financial assets: Regulatory stock	8,843	5,418
Financial assets: Bank owned life insurance	46,197	43,364
Financial assets: Accrued interest receivable	7,759	6,917
Financial liabilities: Deposits	1,746,824	1,727,727
Financial liabilities: Short-term borrowings	103,881	93,215
Financial liabilities: Other borrowings	137,447	40,000
Financial liabilities: Accrued interest payable	8,605	2,653
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents, Fair Value Disclosure	54,146	31,866
Financial assets: Regulatory stock, Fair Value Disclosure	8,843	5,418
Financial assets: Bank owned life insurance, Fair Value Disclosure	46,197	43,364
Financial assets: Accrued interest receivable, Fair Value Disclosure	7,759	6,917
Financial liabilities: Deposits, Fair Value Disclosure	1,121,581	1,223,958
Financial liabilities: Short-term borrowings, Fair Value Disclosure	103,881	93,215
Financial liabilities: Accrued interest payable, Fair Value Disclosure	8,605	2,653
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Loans receivable, net, Fair Value Disclosure	1,535,456	1,418,300
Financial assets: Mortgage servicing rights, Fair Value Disclosure	497	498
Financial liabilities: Deposits, Fair Value Disclosure	623,587	503,226
Financial liabilities: Other borrowings, Fair Value Disclosure	$ 135,652	$ 40,074

Interest Rate Swaps (Narrative)

Interest Rate Swaps (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets
Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Pledged cash as collateral	$ 350	$ 350
Derivative Asset	$ 1,631	$ 1,464

Interest Rate Swaps (Summary of

Interest Rate Swaps (Summary of Derivatives) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Customer Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 10,338	$ 10,810
Fair Value	1,631	1,464
Customer Interest Rate Swap [Member] | SOFR [Member] | Maturing November, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6,238	6,513
Fair Value	993	889
Customer Interest Rate Swap [Member] | SOFR [Member] | Maturing December, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	4,100	4,297
Fair Value	638	575
Third Party Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	10,338	10,810
Fair Value	1,631	1,464
Third Party Interest Rate Swap [Member] | SOFR [Member] | Maturing November, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6,238	6,513
Fair Value	993	889
Third Party Interest Rate Swap [Member] | SOFR [Member] | Maturing December, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	4,100	4,297
Fair Value	$ 638	$ 575

Interest Rate Swaps (Fair Value

Interest Rate Swaps (Fair Value of Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 1,631	$ 1,464
Liabilities	$ 1,631	$ 1,464