Norwood Financial (NWFL) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 01, 2024
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
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	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,098,466
Entity Central Index Key	0001013272
Amendment Flag	false
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 19,519,000	$ 28,533,000
Interest-bearing deposits with banks	92,444,000	37,587,000
Cash and cash equivalents	111,963,000	66,120,000
Securities available for sale, at fair value (net of allowance for credit losses of $0)	398,374,000	406,259,000
Loans receivable (net of allowance for credit losses of $18,020 and $18,968)	1,603,428,000	1,584,650,000
Regulatory stock, at cost	6,545,000	7,318,000
Bank premises and equipment, net	18,057,000	17,838,000
Bank owned life insurance	45,869,000	46,439,000
Accrued interest receivable	8,135,000	8,123,000
Foreclosed real estate owned	97,000	97,000
Deferred tax assets, net	21,642,000	21,353,000
Goodwill	29,266,000	29,266,000
Other intangibles	202,000	221,000
Other assets	16,845,000	13,395,000
TOTAL ASSETS	2,260,423,000	2,201,079,000
Deposits:
Non-interest bearing demand	383,362,000	399,545,000
Interest-bearing	1,455,636,000	1,395,614,000
Total deposits	1,838,998,000	1,795,159,000
Short-term borrowings	60,055,000	74,076,000
Other borrowings	151,179,000	124,236,000
Accrued interest payable	11,737,000	10,510,000
Other liabilities	17,241,000	16,028,000
TOTAL LIABILITIES	2,079,210,000	2,020,009,000
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: issued: 2024: 8,310,847 shares, 2023: 8,310,847 shares	831,000	831,000
Surplus	97,893,000	97,700,000
Retained earnings	137,285,000	135,284,000
Treasury stock at cost: 2024: 200,690 shares; 2023: 200,690 shares	(5,397,000)	(5,397,000)
Accumulated other comprehensive loss	(49,399,000)	(47,348,000)
TOTAL STOCKHOLDERS’ EQUITY	181,213,000	181,070,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,260,423,000	$ 2,201,079,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Consolidated Balance Sheets [Abstract]
Securities available for sale, at fair value, allowance for credit losses	$ 0	$ 0
Net of Allowance for Loan losses	$ 18,020,000	$ 18,968,000
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	8,310,847	8,310,847
Treasury Stock, Shares	200,690	200,690

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST INCOME
Loans receivable, including fees	$ 23,681,000	$ 19,158,000
Securities	2,526,000	2,505,000
Other	731,000	48,000
Total interest income	26,938,000	21,711,000
INTEREST EXPENSE
Deposits	10,110,000	4,362,000
Short-term borrowings	336,000	779,000
Other borrowings	1,782,000	477,000
Total interest expense	12,228,000	5,618,000
NET INTEREST INCOME	14,710,000	16,093,000
PROVISION FOR (RELEASE OF) CREDIT LOSS EXPENSE	(624,000)	300,000
NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES	15,334,000	15,793,000
OTHER INCOME
Other income	1,711,000	1,677,000
Net realized gains on sales of securities		2,000
Gains on sales of loans, net	6,000
Earnings and proceeds on bank owned life insurance	268,000	213,000
Other	151,000	172,000
Total other income	2,006,000	1,912,000
OTHER EXPENSES
Salaries and employee benefits	6,135,000	5,969,000
Occupancy, furniture & equipment, net	1,261,000	1,262,000
Data processing and related operations	1,022,000	768,000
Taxes, other than income	93,000	161,000
Professional fees	585,000	285,000
Federal Deposit Insurance Corporation insurance	361,000	200,000
Foreclosed real estate	21,000	29,000
Amortization of intangibles	19,000	23,000
Other	2,235,000	1,739,000
Total other expenses	11,732,000	10,436,000
INCOME BEFORE INCOME TAXES	5,608,000	7,269,000
INCOME TAX EXPENSE	1,175,000	1,487,000
Net income	$ 4,433,000	$ 5,782,000
BASIC EARNINGS PER SHARE	$ 0.55	$ 0.71
DILUTED EARNINGS PER SHARE	$ 0.55	$ 0.71
Service Charges And Fees [Member]
OTHER INCOME
Other income	$ 1,343,000	$ 1,313,000
Income From Fiduciary Activities [Member]
OTHER INCOME
Other income	$ 238,000	$ 212,000

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 4,433,000	$ 5,782,000
Investment securities available for sale:
Unrealized holding (losses) gains	(2,596,000)	9,355,000
Tax Effect	545,000	(1,963,000)
Reclassification of investment securities losses recognized in net income		(2,000)
Other comprehensive (loss) income	(2,051,000)	7,390,000
Comprehensive Income	$ 2,382,000	$ 13,172,000

Consolidated Statements Of Chan

Consolidated Statements Of Changes In Stockholders’ Equity - USD ($)	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, 2022	$ 829,000	$ 96,897,000	$ (2,011,000)	$ 130,020,000	$ (3,308,000)	$ (57,353,000)	$ (2,011,000)	$ 167,085,000
Beginning balance, shares at Dec. 31, 2022	8,291,401				124,650
Net Income				5,782,000				5,782,000
Other comprehensive loss						7,390,000		7,390,000
Cash dividends declared				(2,375,000)				(2,375,000)
Compensation expense related to restricted stock		114,000						114,000
Stock options exercised		(44,000)			$ 378,000			334,000
Stock options exercised, shares					(14,250)
Compensation expense related to stock options		96,000						96,000
Ending balance, shares at Mar. 31, 2023	8,291,401				110,400
Ending balance at Mar. 31, 2023	$ 829,000	97,063,000		131,416,000	$ (2,930,000)	(49,963,000)		176,415,000
Beginning balance at Dec. 31, 2023	$ 831,000	97,700,000		135,284,000	$ (5,397,000)	(47,348,000)		$ 181,070,000
Beginning balance, shares at Dec. 31, 2023	8,310,847				200,690
Accounting Standards Update [Extensible Enumeration]								us-gaap:AccountingStandardsUpdate201613Member
Net Income				4,433,000				$ 4,433,000
Other comprehensive loss						(2,051,000)		(2,051,000)
Cash dividends declared				(2,432,000)				(2,432,000)
Compensation expense related to restricted stock		104,000						104,000
Compensation expense related to stock options		89,000						89,000
Ending balance, shares at Mar. 31, 2024	8,310,847				200,690
Ending balance at Mar. 31, 2024	$ 831,000	$ 97,893,000		$ 137,285,000	$ (5,397,000)	$ (49,399,000)		$ 181,213,000

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders’ Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Changes in Stockholders’ Equity [Abstract]
Cash dividends declared	$ 0.30	$ 0.29

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 4,433,000	$ 5,782,000
Adjustments to reconcile net income to net cash provided by operating activities:
(Release of) Provision for credit losses	(624,000)	300,000
Depreciation	335,000	355,000
Amortization of intangible assets	19,000	23,000
Deferred income taxes	256,000	(579,000)
Net amortization of securities premiums and discounts	71,000	233,000
Net realized gain on sales of securities		(2,000)
Earnings and proceeds on life insurance policies	(268,000)	(213,000)
Net amortization of loan fees	143,000	129,000
Net gain on sale of loans	(6,000)
Mortgage loans originated for sale	(160,000)
Proceeds from sale of loans originated for sale	166,000
Compensation expense related to stock options	89,000	96,000
Compensation expense related to restricted stock	104,000	114,000
(Increase) Decrease in accrued interest receivable	(12,000)	284,000
Increase in accrued interest payable	1,227,000	2,050,000
Other, net	(1,522,000)	1,533,000
Net cash provided by operating activities	4,251,000	10,105,000
Securities available for sale:
Proceeds from sales		1,982,000
Proceeds from maturities and principal reductions on mortgage-backed securities	15,213,000	7,824,000
Purchases	(9,996,000)
Purchase of regulatory stock	(1,510,000)	(3,685,000)
Redemption of regulatory stock	2,283,000	3,140,000
Net increase in loans	(18,172,000)	(61,828,000)
Purchase of bank-owned life insurance		(2,000,000)
Purchase of premises and equipment	(554,000)	(91,000)
Net cash used in investing activities	(12,736,000)	(54,658,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	43,839,000	28,208,000
Net (decrease) increase in short-term borrowings	(14,021,000)	15,340,000
Repayments of other borrowings	(33,057,000)	(9,811,000)
Proceeds from other borrowings	60,000,000	10,000,000
Stock options exercised		334,000
Cash dividends paid	(2,433,000)	(2,369,000)
Net cash provided by financing activities	54,328,000	41,702,000
Increase (decrease) in cash and cash equivalents	45,843,000	(2,851,000)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	66,120,000	31,866,000
CASH AND CASH EQUIVALENTS - END OF PERIOD	111,963,000	29,015,000
Cash payments for:
Interest on deposits and borrowings	11,001,000	3,568,000
Income taxes paid, net of refunds	257,000	189,000
Supplemental Schedule of Noncash Investing Activities:
Transfers of loans to foreclosed real estate and repossession of other assets	473,000	454,000
Dividends payable	$ 2,432,000	$ 2,372,000

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
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-months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 or any other future interim period.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2024
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 months ended March 31: Three months ended March 31, (dollars in thousands) Noninterest Income 2024 2023 In-scope of Topic 606: Service charges on deposit accounts $ 112 $ 103 ATM fees 106 106 Overdraft fees 355 320 Safe deposit box rental 24 26 Loan related service fees 131 153 Debit card fees 526 559 Fiduciary activities 238 212 Commissions on mutual funds and annuities 68 26 Other income 151 172 Noninterest Income ( in-scope of Topic 606 ) 1,711 1,677 Out-of-scope of Topic 606: Net realized gains (losses) on sales of securities — 2 Loan servicing fees 21 20 Gains on sales of loans 6 — Earnings on and proceeds from bank-owned life insurance 268 213 Noninterest Income ( out-of-scope of Topic 606 ) 295 235 Total Noninterest Income $ 2,006 $ 1,912

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 2023 Weighted average shares outstanding 8,110 8,176 Less: Unvested restricted shares ( 46 ) ( 45 ) Basic EPS weighted average shares outstanding 8,064 8,131 Basic EPS weighted average shares outstanding 8,064 8,131 Add: Dilutive effect of stock options and restricted shares 6 17 Diluted EPS weighted average shares outstanding 8,070 8,148 For the three month period ended March 31, 2024, there were 139,850 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 $ 27.21 per share as of March 31, 2024. For the three month period ended March 31, 2023, there were 110,350 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 $ 29.42 per share as of March 31, 2023.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Stock-Based Compensation [Abstract]
Stock-Based Compensation	4. Stock-Based Compensation During the three-month period ended March 31, 2024, no stock options were granted. As of March 31, 2024, there was $ 257,000 of total unrecognized compensation cost related to non-vested options granted in 2023 and 2024 under the 2014 Equity Incentive Plan, which will be fully amortized by December 31, 2023. Compensation costs related to stock options amounted to $ 89,000 and $ 96,000 during the three-month periods ended March 31, 2024 and 2023, respectively. A summary of the Company’s stock option activity for the three-month period ended March 31, 2024 is as follows: Weighted Average Exercise Weighted Average Aggregate Price Remaining Intrinsic Value Options Per Share Contractual Term ($000) Outstanding at January 1, 2023 215,725 $ 29.81 6.9 Yrs. $ 759 Granted — - - Exercised — - - Forfeited ( 1,500 ) 36.02 5.7 Outstanding at March 31, 2024 214,225 $ 29.77 6.6 Yrs. $ 188 Exercisable at March 31, 2024 175,725 $ 29.79 5.8 Yrs. $ 188 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 $ 27.21 per share as of March 31, 2024 and $ 32.91 per share as of December 31, 2023. A summary of the Company’s restricted stock activity for the three-month periods ended March 31, 2024 and 2023 is as follows: 2024 2023 Weighted-Average Weighted-Average Number of Grant Date Number of Grant Date Restricted Stock Fair Value Restricted Stock Fair Value Non-vested, January 1, 45,966 $ 29.90 44,460 $ 30.12 Granted — — — — Vested — — — — Forfeited — — — — Non-vested, March 31, 45,966 $ 29.90 44,460 $ 30.12 The expected future compensation expense relating to the 45,966 shares of non-vested restricted stock outstanding as of March 31, 2024 is $ 1,253,000 . This cost will be recognized over the remaining vesting period of 4.75 years. Compensation costs related to restricted stock amounted to $ 104,000 and $ 114,000 during the three-month periods ended March 31, 2024 and 2023, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2024
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 months ended March 31, 2024 and 2023: Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2023 $ ( 47,348 ) Other comprehensive loss before reclassification ( 2,051 ) Amount reclassified from accumulated other comprehensive loss — Total other comprehensive loss ( 2,051 ) Balance as of March 31, 2024 $ ( 49,399 ) Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2022 $ ( 57,353 ) Other comprehensive income before reclassification 7,392 Amount reclassified from accumulated other comprehensive income ( 2 ) Total other comprehensive income 7,390 Balance as of March 31, 2023 $ ( 49,963 ) (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 months ended March 31, 2024 and 2023: Amount Reclassified From Accumulated Other Comprehensive Income (Loss) (a) Affected Line Item in Three months ended Consolidated March 31, Statements Details about other comprehensive income 2024 2023 of Income Unrealized losses on available for sale securities $ — $ 2 Net realized (losses) gains on sales of securities Tax effect — — Income tax expense $ — $ 2 (a) Amounts in parentheses indicate debits to net income

Off-Balance Sheet Financial Ins

Off-Balance Sheet Financial Instruments and Guarantees	3 Months Ended
	Mar. 31, 2024
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) March 31, 2024 2023 Commitments to grant loans $ 82,423 $ 92,602 Unfunded commitments under lines of credit 152,505 166,507 Standby letters of credit 7,126 15,538 $ 242,054 $ 274,647 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	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair Cost Gains Losses Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 47,152 $ 1 $ ( 2,477 ) $ - $ 44,676 U.S. Government agencies 22,523 - ( 2,695 ) - 19,828 States and political subdivisions 151,575 - ( 23,308 ) - 128,267 Mortgage-backed securities- government sponsored entities 240,280 - ( 34,677 ) - 205,603 Total debt securities $ 461,530 $ - $ ( 63,157 ) $ - $ 398,374 December 31, 2023 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair Cost Gains Losses Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 55,968 $ 14 $ ( 2,382 ) $ - $ 53,600 U.S. Government agencies 18,486 - ( 2,490 ) - 15,996 States and political subdivisions 151,764 - ( 22,285 ) - 129,479 Mortgage-backed securities-government sponsored entities 240,600 - ( 33,416 ) - 207,184 Total debt securities $ 466,818 $ 14 $ ( 60,573 ) $ - $ 406,259 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): March 31, 2024 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 $ - $ - $ 36,770 $ ( 2,477 ) $ 36,770 $ ( 2,477 ) U.S. Government agencies 3,985 ( 21 ) 15,843 ( 2,674 ) 19,828 ( 2,695 ) States and political subdivisions 1,483 ( 17 ) 125,899 ( 23,291 ) 127,382 ( 23,308 ) Mortgage-backed securities-government sponsored entities 5,882 ( 52 ) 199,721 ( 34,625 ) 205,603 ( 34,677 ) $ 11,350 $ ( 90 ) $ 378,233 $ ( 63,067 ) $ 389,583 $ ( 63,157 ) December 31, 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 $ - $ - $ 40,833 $ ( 2,382 ) $ 40,833 $ ( 2,382 ) U.S. Government agencies - - 15,996 ( 2,490 ) 15,996 ( 2,490 ) States and political subdivisions 2,261 ( 12 ) 125,452 ( 22,273 ) 127,713 ( 22,285 ) Mortgage-backed securities-government sponsored entities - - 207,184 ( 33,416 ) 207,184 ( 33,416 ) $ 2,261 $ ( 12 ) $ 389,465 $ ( 60,561 ) $ 391,726 $ ( 60,573 ) At March 31, 2024, the Company had 8 debt securities in an unrealized loss position in the less than twelve months category and 331 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 no t recognize any credit losses on these available for sale debt securities for the three months ended March 31, 2024 and 2023. 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 March 31, 2024 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 $ 27,123 $ 26,851 Due after one year through five years 39,706 36,584 Due after five years through ten years 72,692 59,464 Due after ten years 81,729 69,872 221,250 192,771 Mortgage-backed securities-government sponsored entities 240,280 205,603 $ 461,530 $ 398,374 Gross realized gains and gross realized losses on sales of securities available for sale were as follows (in thousands): Three Months Ended March 31, 2024 2023 Gross realized gains $ — $ 4 Gross realized losses — ( 2 ) Net realized gains (losses) $ — $ 2 Proceeds from sales of securities $ — $ 1,982 Securities with a carrying value of $ 380,112,000 and $ 344,204,000 at March 31, 2024 and December 31, 2023, 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 Credit Losses	3 Months Ended
	Mar. 31, 2024
Loans Receivable and Allowance for Credit Losses [Abstract]
Loans Receivable and Allowance for Credit Losses	8. Loans Receivable and Allowance for Credit Losses Set forth below is selected data relating to the composition of the loan portfolio at the dates indicated (dollars in thousands): March 31, 2024 December 31, 2023 Real Estate Loans: Residential $ 313,531 19.3 % $ 316,546 19.7 % Commercial 691,755 42.7 675,156 42.1 Agricultural 62,309 3.9 63,859 4.0 Construction 47,409 2.9 51,453 3.2 Commercial loans 204,006 12.6 200,576 12.5 Other agricultural loans 31,439 1.9 31,966 2.0 Consumer loans to individuals 271,231 16.7 264,321 16.5 Total loans 1,621,680 100.0 % 1,603,877 100.0 % Deferred fees, net ( 232 ) ( 259 ) Total loans receivable 1,621,448 1,603,618 Allowance for credit losses ( 18,020 ) ( 18,968 ) Net loans receivable $ 1,603,428 $ 1,584,650 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 March 31, 2024 and December 31, 2023, foreclosed real estate owned totaled $ 97,000 and $ 97,000 , respectively. During the three months ended March 31, 2024, there were no additions to the foreclosed real estate category. As of March 31, 2024, the Company has initiated formal foreclosure proceedings on 6 properties classified as consumer residential mortgages with an aggregate carrying value of $ 285,000 . 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 March 31, 2024 (In thousands) Individually evaluated $ 487 $ 2,200 $ — $ — $ 111 $ 185 $ 752 $ 3,735 Collectively evaluated 313,044 689,555 62,309 47,409 203,895 31,254 270,479 1,617,945 Total Loans $ 313,531 $ 691,755 $ 62,309 $ 47,409 $ 204,006 $ 31,439 $ 271,231 $ 1,621,680 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, 2023 Individually evaluated $ 432 $ 2,211 $ — $ — $ 4,264 $ — $ 715 $ 7,622 Collectively evaluated 316,114 672,945 63,859 51,453 196,312 31,966 263,606 1,596,255 Total Loans $ 316,546 $ 675,156 $ 63,859 $ 51,453 $ 200,576 $ 31,966 $ 264,321 $ 1,603,877 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 March 31, 2024 and December 31, 2023 (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 March 31, 2024 Real Estate loans Residential $ 312,201 $ 511 $ 332 $ - $ 487 $ 1,330 $ 313,531 Commercial 685,572 3,983 - - 2,200 6,183 691,755 Agricultural 62,309 - - - - - 62,309 Construction 47,392 - 17 - - 17 47,409 Commercial loans 202,679 1,194 22 - 111 1,327 204,006 Other agricultural loans 31,254 - - 185 185 31,439 Consumer loans 269,579 589 311 8 744 1,652 271,231 Total $ 1,610,986 $ 6,277 $ 682 $ 8 $ 3,727 $ 10,694 $ 1,621,680 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 December 31, 2023 Real Estate loans Residential $ 315,224 $ 877 $ 13 $ - $ 432 $ 1,322 $ 316,546 Commercial 666,768 6,177 - - 2,211 8,388 675,156 Agricultural 63,732 127 - - 127 63,859 Construction 51,435 - 18 - - 18 51,453 Commercial loans 192,988 3,170 154 - 4,264 7,588 200,576 Other agricultural loans 31,959 7 - - 7 31,966 Consumer loans 262,578 865 163 - 715 1,743 264,321 Total $ 1,584,684 $ 11,223 $ 348 $ - $ 7,622 $ 19,193 $ 1,603,877 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, 2023 $ 1,351 $ 11,871 $ 58 $ 933 $ 1,207 $ 94 $ 3,454 $ 18,968 Charge Offs — - - - ( 55 ) - ( 439 ) ( 494 ) Recoveries 42 102 - - — - 27 171 (Release of) Provision for credit losses ( 196 ) ( 2,142 ) 26 ( 102 ) 835 74 880 ( 625 ) Ending balance, March 31, 2024 $ 1,197 $ 9,831 $ 84 $ 831 $ 1,987 $ 168 $ 3,922 $ 18,020 Ending balance individually evaluated $ - $ - $ - $ - $ - $ - $ 69 $ 69 Ending balance collectively evaluated $ 1,197 $ 9,831 $ 84 $ 831 $ 1,987 $ 168 $ 3,853 $ 17,951 (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 — ( 112 ) - - ( 50 ) - ( 202 ) ( 364 ) Recoveries 6 6 - - 6 - 26 44 Provision for credit losses 65 11 62 ( 94 ) ( 87 ) ( 45 ) 388 300 Ending balance, March 31, 2023 $ 1,359 $ 13,725 $ 121 $ 703 $ 1,158 $ 82 $ 2,297 $ 19,445 Ending balance individually evaluated for impairment $ - $ - $ - $ - $ 1 $ - $ - $ 1 Ending balance collectively evaluated for impairment $ 1,359 $ 13,725 $ 121 $ 703 $ 1,157 $ 82 $ 2,297 $ 19,444 During the three months ended March 31, 2024, the Company recorded a release of provision for credit losses totaling $ 625,000 . Factors impacting the release include 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, and variances in Qualitative Factors and Economic Factors. 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 March 31, 2024 Real Estate loans Residential $ 487 $ - $ 487 $ - $ 487 Commercial 2,200 - 2,200 - 2,200 Agricultural - - - - - Construction - - - - - Commercial loans 111 - 111 - 111 Other agricultural loans 185 - 185 - 185 Consumer loans 675 69 744 8 752 Total $ 3,658 $ 69 $ 3,727 $ 8 $ 3,735 Nonaccrual Nonaccrual Loans Past Due with no with Total Over 90 Days Total ACL ACL Nonaccrual Still Accruing Nonperforming December 31, 2023 Real Estate loans Residential $ 432 $ - $ 432 $ - $ 432 Commercial 2,211 - 2,211 - 2,211 Agricultural - - - - - Construction - - - - - Commercial loans 4,264 - 4,264 - 4,264 Other agricultural loans - - - - - Consumer loans 162 553 715 - 715 Total $ 7,069 $ 553 $ 7,622 $ - $ 7,622 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 March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Commercial real estate Risk Rating Pass $ 11,173 $ 80,240 $ 130,611 $ 114,116 $ 66,212 $ 253,363 $ 13,664 $ - $ 669,379 Special Mention - 1,300 624 76 1,321 6,134 2,722 - 12,177 Substandard - - 2,944 3,141 1,435 2,679 - - 10,199 Doubtful - - - - - - - - - Total $ 11,173 $ 81,540 $ 134,179 $ 117,333 $ 68,968 $ 262,176 $ 16,386 $ - $ 691,755 Commercial real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate - Agriculture Risk Rating Pass $ 1,154 $ 2,628 $ 12,369 $ 5,391 $ 7,502 $ 31,805 $ 515 $ - $ 61,364 Special Mention - - - - - 795 150 - 945 Substandard - - - - - - - - - Doubtful - - - - - - - - - Total $ 1,154 $ 2,628 $ 12,369 $ 5,391 $ 7,502 $ 32,600 $ 665 $ - $ 62,309 Real Estate - Agriculture Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial loans Risk Rating Pass $ 16,042 $ 42,669 $ 37,276 $ 23,691 $ 12,591 $ 23,602 $ 39,648 $ - $ 195,519 Special Mention - 529 1,352 222 110 139 544 - 2,896 Substandard - - 2,970 610 47 49 1,915 - 5,591 Doubtful - - - - - - - - - Total $ 16,042 $ 43,198 $ 41,598 $ 24,523 $ 12,748 $ 23,790 $ 42,107 $ - $ 204,006 Commercial loans Current period gross charge-offs $ - $ - $ - $ - $ 4 $ 51 $ - $ - $ 55 Other agricultural loans Risk Rating Pass $ 561 $ 2,592 $ 4,817 $ 3,075 $ 2,778 $ 5,445 $ 11,752 $ - $ 31,020 Special Mention - - - 1 - 153 80 - 234 Substandard - - - - 185 - - - 185 Doubtful - - - - - - - - - Total $ 561 $ 2,592 $ 4,817 $ 3,076 $ 2,963 $ 5,598 $ 11,832 $ - $ 31,439 Other agricultural loans Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Risk Rating Pass $ 28,930 $ 128,129 $ 185,073 $ 146,273 $ 89,083 $ 314,215 $ 65,579 $ - $ 957,282 Special Mention - 1,829 1,976 299 1,431 7,221 3,496 - 16,252 Substandard - - 5,914 3,751 1,667 2,728 1,915 - 15,975 Doubtful - - - - - - - - - Total $ 28,930 $ 129,958 $ 192,963 $ 150,323 $ 92,181 $ 324,164 $ 70,990 $ - $ 989,509 Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial real estate Risk Rating Pass $ 78,496 $ 131,948 $ 112,102 $ 65,949 $ 72,480 $ 186,116 $ 13,332 $ - $ 660,423 Special Mention 1,300 411 243 1,331 - 6,157 1,579 - 11,021 Substandard - - - 1,444 36 2,232 - - 3,712 Doubtful - - - - - - - - - Total $ 79,796 $ 132,359 $ 112,345 $ 68,724 $ 72,516 $ 194,505 $ 14,911 $ - $ 675,156 Commercial real estate Current period gross charge-offs $ - $ - $ - $ - $ 112 $ 42 $ - $ - $ 154 Real Estate - Agriculture Risk Rating Pass $ 2,635 $ 12,509 $ 5,433 $ 7,606 $ 7,746 $ 24,654 $ 522 $ - $ 61,105 Special Mention - - - - 399 490 150 - 1,039 Substandard - 508 - 1,018 - 189 - - 1,715 Doubtful - - - - - - - - - Total $ 2,635 $ 13,017 $ 5,433 $ 8,624 $ 8,145 $ 25,333 $ 672 $ - $ 63,859 Real Estate - Agriculture Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial loans Risk Rating Pass $ 48,571 $ 41,863 $ 24,443 $ 13,752 $ 9,914 $ 15,384 $ 38,644 $ - $ 192,571 Special Mention 553 1,412 257 134 20 188 768 - 3,332 Substandard - 126 342 656 - 49 3,500 - 4,673 Doubtful - - - - - - - - - Total $ 49,124 $ 43,401 $ 25,042 $ 14,542 $ 9,934 $ 15,621 $ 42,912 $ - $ 200,576 Commercial loans Current period gross charge-offs $ - $ 32 $ 24 $ 4,856 $ - $ 41 $ - $ - $ 4,953 Other agricultural loans Risk Rating Pass $ 2,670 $ 5,286 $ 3,251 $ 2,912 $ 2,373 $ 3,836 $ 11,091 $ - $ 31,419 Special Mention - - 2 185 86 - 155 - 428 Substandard - - - - 119 - - - 119 Doubtful - - - - - - - - - Total $ 2,670 $ 5,286 $ 3,253 $ 3,097 $ 2,578 $ 3,836 $ 11,246 $ - $ 31,966 Other agricultural loans Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Risk Rating Pass $ 132,372 $ 191,606 $ 145,229 $ 90,219 $ 92,513 $ 229,990 $ 63,589 $ - $ 945,518 Special Mention 1,853 1,823 502 1,650 505 6,835 2,652 - 15,820 Substandard - 634 342 3,118 155 2,470 3,500 - 10,219 Doubtful - - - - - - - - - Total $ 134,225 $ 194,063 $ 146,073 $ 94,987 $ 93,173 $ 239,295 $ 69,741 $ - $ 971,557 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 March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Residential real estate Payment Performance Performing $ 1,177 $ 28,172 $ 62,759 $ 56,633 $ 34,427 $ 100,804 $ 29,072 $ - $ 313,044 Nonperforming - - - - - 468 19 - 487 Total $ 1,177 $ 28,172 $ 62,759 $ 56,633 $ 34,427 $ 101,272 $ 29,091 $ - $ 313,531 Residential real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction Payment Performance Performing $ 4,881 $ 27,558 $ 11,894 $ 474 $ - $ 292 $ 2,310 $ - $ 47,409 Nonperforming - - - - - - - - - Total $ 4,881 $ 27,558 $ 11,894 $ 474 $ - $ 292 $ 2,310 $ - $ 47,409 Construction Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans to individuals Payment Performance Performing $ 27,817 $ 119,375 $ 70,081 $ 22,256 $ 12,685 $ 17,370 $ 895 $ - $ 270,479 Nonperforming - 129 400 154 21 48 - - 752 Total $ 27,817 $ 119,504 $ 70,481 $ 22,410 $ 12,706 $ 17,418 $ 895 $ - $ 271,231 Consumer loans to individuals Current period gross charge-offs $ - $ 67 $ 277 $ 72 $ 23 $ - $ - $ - $ 439 Total Payment Performance Performing $ 33,875 $ 175,105 $ 144,734 $ 79,363 $ 47,112 $ 118,466 $ 32,277 $ - $ 630,932 Nonperforming - 129 400 154 21 516 19 - 1,239 Total $ 33,875 $ 175,234 $ 145,134 $ 79,517 $ 47,133 $ 118,982 $ 32,296 $ - $ 632,171 Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate Payment Performance Performing $ 27,446 $ 62,178 $ 57,691 $ 35,357 $ 16,406 $ 87,951 $ 29,085 $ - $ 316,114 Nonperforming - - - - 58 324 50 - 432 Total $ 27,446 $ 62,178 $ 57,691 $ 35,357 $ 16,464 $ 88,275 $ 29,135 $ - $ 316,546 Residential real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ 34 $ - $ - $ 34 Construction Payment Performance Performing $ 23,500 $ 14,906 $ 6,791 $ 1,599 $ 1,829 $ 624 $ 2,204 $ - $ 51,453 Nonperforming - - - - - - - - - Total $ 23,500 $ 14,906 $ 6,791 $ 1,599 $ 1,829 $ 624 $ 2,204 $ - $ 51,453 Construction Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans to individuals Payment Performance Performing $ 127,243 $ 76,339 $ 24,584 $ 14,343 $ 10,217 $ 9,942 $ 938 $ - $ 263,606 Nonperforming 111 404 118 31 41 10 - - 715 Total $ 127,354 $ 76,743 $ 24,702 $ 14,374 $ 10,258 $ 9,952 $ 938 $ - $ 264,321 Consumer loans to individuals Current period gross charge-offs $ 45 $ 710 $ 200 $ 35 $ 45 $ 28 $ 4 $ - $ 1,067 Total Payment Performance Performing $ 178,189 $ 153,423 $ 89,066 $ 51,299 $ 28,452 $ 98,517 $ 32,227 $ - $ 631,173 Nonperforming 111 404 118 31 99 334 50 - 1,147 Total $ 178,300 $ 153,827 $ 89,184 $ 51,330 $ 28,551 $ 98,851 $ 32,277 $ - $ 632,320 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 three months ended March 31, 2024, there were 3 modifications made to borrowers experiencing financial difficulty. The following table presents modifications made to borrowers experiencing financial difficulty: Principal Payment Deferral Amortized Cost Basis at March 31, 2024 % of Total Class of Financing Receivable Financial Effect Commercial real estate loans $ 6,509 0.94 % Deferred Principal for 6 months Commercial loans 3,243 1.59 Deferred Principal for 6 months Consumer Loans 30 0.01 Deferred Principal for 6 months Total $ 9,782 Principal Payment Adjustment Amortized Cost Basis at March 31, 2024 % of Total Class of Financing Receivable Financial Effect Commercial real estate loans $ 399 0.06 % Reduced principal payment plus interest due monthly with balloon payment to be made in August 2024 Total $ 399 Combination - Term Extension and Interest Rate Adjustment Amortized Cost Basis at March 31, 2024 % of Total Class of Financing Receivable Financial Effect Residential real estate loans $ 42 0.01 % New loan was granted which decreased term from 240 months to 180 months and rate was increased from 4.75 % to 9.25 % Total $ 42 The Company’s primary business activity as of March 31, 2024 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 March 31, 2024, the Company considered its concentration of credit risk to be acceptable. The highest concentrations are in commercial rentals with $ 148.9 million of loans outstanding, or 9.2 % of total loans outstanding, and residential rentals with loans outstanding of $ 113.5 million, or 7.0 % of loans outstanding. For the three months ended March 31, 2024, the Company recognized charge offs of $ 0 on commercial rentals and $ 0 on residential rentals. The following table presents additional details regarding the company’s largest loan concentrations by industry as of March 31, 2024 (in thousands): Account Type Outstanding as of March 31, 2024 Percent of Loans as of March 31, 2024 Commercial Rentals $ 148,899 9.18 % Residential Rentals 113,474 7.00 Hotels/Motels 92,138 5.68 Builders/Contractors 39,878 2.46 Dairy Cattle/Milk Product 47,430 2.93 Fuel/Gas Stations 46,552 2.87 Government Support 26,914 1.66 Mobile Home Park 27,861 1.72 Wineries 23,863 1.47 Camps 25,647 1.58 Resorts 20,154 1.24

Operating Leases

Operating Leases	3 Months Ended
	Mar. 31, 2024
Operating Leases [Abstract]
Operating Leases	9 . Operating Leases The Company leases seven 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 three-month periods ended March 31, 2024 and 2023, amounted to $ 181,000 and $ 176,000 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 March 31, 2024. Operating Weighted-average remaining term 9.4 Weighted-average discount rate 2.58 % The following table presents the undiscounted cash flows due related to operating leases as of March 31, 2024, along with a reconciliation to the discounted amount recorded on the Consolidated Balance Sheets: Undiscounted cash flows due (in thousands) Operating 2024 $ 500 2025 680 2026 524 2027 401 2028 401 2029 and thereafter 2,013 Total undiscounted cash flows 4,519 Discount on cash flows 637 Total lease liabilities $ 3,882

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	3 Months Ended
	Mar. 31, 2024
Fair Values of Assets and Liabilities [Abstract]
Fair Values of Financial Instruments	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, 2023. 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 March 31, 2024 and December 31, 2023 are as follows: Fair Value Measurement Using Reporting Date Description Total Level 1 Level 2 Level 3 March 31, 2024 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 44,676 $ - $ 44,676 $ - U.S. Government agencies 19,828 - 19,828 - States and political subdivisions 128,267 - 128,267 - Mortgage-backed securities-government sponsored entities 205,603 - 205,603 - Interest rate derivatives 1,336 - 1,336 - LIABILITIES Interest rate derivatives 1,336 - 1,336 - Description Total Level 1 Level 2 Level 3 December 31, 2023 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 53,600 $ - $ 53,600 $ - U.S. Government agencies 15,996 - 15,996 - States and political subdivisions 129,479 - 129,479 - Mortgage-backed securities-government sponsored entities 207,184 - 207,184 - Interest rate derivatives 1,225 - 1,225 - LIABILITIES Interest rate derivatives 1,225 - 1,225 - 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 March 31, 2024 and December 31, 2023 are as follows: Fair Value Measurement Using Reporting Date (In thousands) Description Total Level 1 Level 2 Level 3 March 31, 2024 Individually analyzed loans held for investment $ 3,666 $ - $ - $ 3,666 Foreclosed Real Estate Owned 97 - - 97 December 31, 2023 Individually analyzed loans held for investment $ 7,487 $ - $ - $ 7,487 Foreclosed Real Estate Owned 97 - - 97 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 March 31, 2024, the fair value investment in individually analyzed loans totaled $ 3,666,000 , which included 41 loan relationships with a carrying value of $ 3,332,000 that did not require a specific allowance for credit loss since either the estimated realizable value of the collateral or the discounted cash flows exceeded the recorded investment in the loan. As of March 31, 2024, the Company has recognized charge-offs against the allowance for credit losses on these individually analyzed loans in the amount of $ 471,000 . As of March 31, 2024, the fair value investment in individually analyzed loans included 17 loan relationships with a carrying value of $ 403,000 that required a valuation allowance of $ 69,000 since the estimated realizable value of the collateral did not support the recorded investment in the loan. As of March 31, 2024, the Company has recognized charge-offs against the allowance for credit losses on these individually analyzed loans in the amount of $ 0 over the life of the loan. As of December 31, 2023, the fair value investment in individually analyzed loans totaled $ 7,487,000 , which included 33 loan relationships with a carrying value of $ 7,069,000 that did not require a specific allowance for credit loss 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, 2023, the Company has recognized charge-offs against the allowance for credit losses on these individually analyzed loans in the amount of $ 5,277,000 over the life of the loans. As of December 31, 2023, the fair value investment in individually analyzed loans included 21 loan relationships with a carrying value of $ 553,000 that required a valuation allowance of $ 135,000 since the estimated realizable value of the collateral did not support the recorded investment in the loan. As of December 31, 2023, the Company has recognized charge-offs against the allowance for credit losses on these individually analyzed loans 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) March 31, 2024 Individually analyzed loans held for investment $ 3,666 Appraisal of collateral(1) Appraisal adjustments(2) 10.0 %- 10.0 % ( 10.0 %) Foreclosed real estate owned $ 97 Appraisal of collateral(1) Liquidation Expenses(2) 10.0 %- 10.0 % ( 10.0 %) Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2023 Individually analyzed loans held for investment $ 7,487 Appraisal of collateral(1) Appraisal adjustments(2) 0 %- 10.0 % ( 2.68 %) Foreclosed real estate owned $ 97 Appraisal of collateral(1) Liquidation Expenses(2) 16.67 %- 37.20 % ( 28.07 %) (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 March 31, 2024 and December 31, 2023. 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 March 31, 2024 and December 31, 2023. (In thousands) Fair Value Measurements at March 31, 2024 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 111,963 $ 111,963 $ 111,963 $ - $ - Loans receivable, net 1,603,428 1,535,585 - - 1,535,585 Mortgage servicing rights 172 506 - - 506 Regulatory stock (1) 6,545 6,545 6,545 - - Bank owned life insurance (1) 45,869 45,869 45,869 - - Accrued interest receivable (1) 8,135 8,135 8,135 - - Financial liabilities: Deposits 1,838,998 1,832,638 1,080,822 - 751,816 Short-term borrowings (1) 60,055 60,055 60,055 - - Other borrowings 151,179 150,963 - - 150,963 Accrued interest payable (1) 11,737 11,737 11,737 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - Fair Value Measurements at December 31, 2023 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 66,120 $ 66,120 $ 66,120 $ - $ - Loans receivable, net 1,584,650 1,521,667 - - 1,521,667 Mortgage servicing rights 188 506 - - 506 Regulatory stock (1) 7,318 7,318 7,318 - - Bank owned life insurance (1) 46,439 46,439 46,439 - - Accrued interest receivable (1) 8,123 8,123 8,123 - - Financial liabilities: Deposits 1,795,159 1,800,104 1,086,050 - 714,054 Short-term borrowings (1) 74,076 74,076 74,076 - - Other borrowings 124,236 124,058 - - 124,058 Accrued interest payable (1) 10,510 10,510 10,510 - - 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	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023 was $ 1,336,000 and $ 1,225,000 , respectively. Summary information regarding these derivatives is presented below (Amounts in thousands) Notional Amount Fair Value March 31, 2024 December 31, 2023 Interest Rate Paid Interest Rate Received March 31, 2024 December 31, 2023 Customer interest rate swap Maturing November, 2030 $ 6,051 $ 6,145 Term SOFR + Margin Fixed $ 814 $ 746 Maturing December, 2030 3,965 4,032 Term SOFR + Margin Fixed 522 479 Total $ 10,016 $ 10,177 $ 1,336 $ 1,225 Third party interest rate swap Maturing November, 2030 $ 6,051 $ 6,145 Fixed Term SOFR + Margin $ 814 $ 746 Maturing December, 2030 3,965 4,032 Fixed Term SOFR + Margin 522 479 Total $ 10,016 $ 10,177 $ 1,336 $ 1,225 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 March 31, 2024 Interest rate derivatives Other assets $ 1,336 Other liabilities $ 1,336 December 31, 2023 Interest rate derivatives Other assets 1,225 Other liabilities 1,225

New and Recently Adopted Accoun

New and Recently Adopted Accounting Pronouncements	3 Months Ended
	Mar. 31, 2024
New and Recently Adopted Accounting Pronouncements [Abstract]
New and Recently Adopted Accounting Pronouncements	12 . New and Recently Adopted Accounting Pronouncements 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)	3 Months Ended
	Mar. 31, 2024
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.
Basis of Presentation	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-months ended March 31, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 or any other future interim period.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue Recognition [Abstract]
Noninterest Income	Three months ended March 31, (dollars in thousands) Noninterest Income 2024 2023 In-scope of Topic 606: Service charges on deposit accounts $ 112 $ 103 ATM fees 106 106 Overdraft fees 355 320 Safe deposit box rental 24 26 Loan related service fees 131 153 Debit card fees 526 559 Fiduciary activities 238 212 Commissions on mutual funds and annuities 68 26 Other income 151 172 Noninterest Income ( in-scope of Topic 606 ) 1,711 1,677 Out-of-scope of Topic 606: Net realized gains (losses) on sales of securities — 2 Loan servicing fees 21 20 Gains on sales of loans 6 — Earnings on and proceeds from bank-owned life insurance 268 213 Noninterest Income ( out-of-scope of Topic 606 ) 295 235 Total Noninterest Income $ 2,006 $ 1,912

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 2023 Weighted average shares outstanding 8,110 8,176 Less: Unvested restricted shares ( 46 ) ( 45 ) Basic EPS weighted average shares outstanding 8,064 8,131 Basic EPS weighted average shares outstanding 8,064 8,131 Add: Dilutive effect of stock options and restricted shares 6 17 Diluted EPS weighted average shares outstanding 8,070 8,148

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
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 215,725 $ 29.81 6.9 Yrs. $ 759 Granted — - - Exercised — - - Forfeited ( 1,500 ) 36.02 5.7 Outstanding at March 31, 2024 214,225 $ 29.77 6.6 Yrs. $ 188 Exercisable at March 31, 2024 175,725 $ 29.79 5.8 Yrs. $ 188
Summary of Restricted Stock Activity	2024 2023 Weighted-Average Weighted-Average Number of Grant Date Number of Grant Date Restricted Stock Fair Value Restricted Stock Fair Value Non-vested, January 1, 45,966 $ 29.90 44,460 $ 30.12 Granted — — — — Vested — — — — Forfeited — — — — Non-vested, March 31, 45,966 $ 29.90 44,460 $ 30.12

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2023 $ ( 47,348 ) Other comprehensive loss before reclassification ( 2,051 ) Amount reclassified from accumulated other comprehensive loss — Total other comprehensive loss ( 2,051 ) Balance as of March 31, 2024 $ ( 49,399 ) Unrealized gains (losses) on available for sale securities (a) Balance as of December 31, 2022 $ ( 57,353 ) Other comprehensive income before reclassification 7,392 Amount reclassified from accumulated other comprehensive income ( 2 ) Total other comprehensive income 7,390 Balance as of March 31, 2023 $ ( 49,963 ) (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 March 31, Statements Details about other comprehensive income 2024 2023 of Income Unrealized losses on available for sale securities $ — $ 2 Net realized (losses) gains on sales of securities Tax effect — — Income tax expense $ — $ 2 (a) Amounts in parentheses indicate debits to net income

Off-Balance Sheet Financial I_2

Off-Balance Sheet Financial Instruments and Guarantees (Tables)	3 Months Ended
	Mar. 31, 2024
Off-Balance Sheet Financial Instruments and Guarantees [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks	(in thousands) March 31, 2024 2023 Commitments to grant loans $ 82,423 $ 92,602 Unfunded commitments under lines of credit 152,505 166,507 Standby letters of credit 7,126 15,538 $ 242,054 $ 274,647

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Securities [Abstract]
Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities	March 31, 2024 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair Cost Gains Losses Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 47,152 $ 1 $ ( 2,477 ) $ - $ 44,676 U.S. Government agencies 22,523 - ( 2,695 ) - 19,828 States and political subdivisions 151,575 - ( 23,308 ) - 128,267 Mortgage-backed securities- government sponsored entities 240,280 - ( 34,677 ) - 205,603 Total debt securities $ 461,530 $ - $ ( 63,157 ) $ - $ 398,374 December 31, 2023 Gross Gross Allowance Amortized Unrealized Unrealized for Credit Fair Cost Gains Losses Losses Value (In Thousands) Available for Sale: U.S. Treasury securities $ 55,968 $ 14 $ ( 2,382 ) $ - $ 53,600 U.S. Government agencies 18,486 - ( 2,490 ) - 15,996 States and political subdivisions 151,764 - ( 22,285 ) - 129,479 Mortgage-backed securities-government sponsored entities 240,600 - ( 33,416 ) - 207,184 Total debt securities $ 466,818 $ 14 $ ( 60,573 ) $ - $ 406,259
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	March 31, 2024 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 $ - $ - $ 36,770 $ ( 2,477 ) $ 36,770 $ ( 2,477 ) U.S. Government agencies 3,985 ( 21 ) 15,843 ( 2,674 ) 19,828 ( 2,695 ) States and political subdivisions 1,483 ( 17 ) 125,899 ( 23,291 ) 127,382 ( 23,308 ) Mortgage-backed securities-government sponsored entities 5,882 ( 52 ) 199,721 ( 34,625 ) 205,603 ( 34,677 ) $ 11,350 $ ( 90 ) $ 378,233 $ ( 63,067 ) $ 389,583 $ ( 63,157 ) December 31, 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 $ - $ - $ 40,833 $ ( 2,382 ) $ 40,833 $ ( 2,382 ) U.S. Government agencies - - 15,996 ( 2,490 ) 15,996 ( 2,490 ) States and political subdivisions 2,261 ( 12 ) 125,452 ( 22,273 ) 127,713 ( 22,285 ) Mortgage-backed securities-government sponsored entities - - 207,184 ( 33,416 ) 207,184 ( 33,416 ) $ 2,261 $ ( 12 ) $ 389,465 $ ( 60,561 ) $ 391,726 $ ( 60,573 )
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 $ 27,123 $ 26,851 Due after one year through five years 39,706 36,584 Due after five years through ten years 72,692 59,464 Due after ten years 81,729 69,872 221,250 192,771 Mortgage-backed securities-government sponsored entities 240,280 205,603 $ 461,530 $ 398,374
Gross Realized Gains and Losses on Sales of Securities Available-for-Sale	Three Months Ended March 31, 2024 2023 Gross realized gains $ — $ 4 Gross realized losses — ( 2 ) Net realized gains (losses) $ — $ 2 Proceeds from sales of securities $ — $ 1,982

Loans Receivable and Allowanc_2

Loans Receivable and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Loans Receivable and Allowance for Credit Losses [Abstract]
Composition of the Loan Portfolio	March 31, 2024 December 31, 2023 Real Estate Loans: Residential $ 313,531 19.3 % $ 316,546 19.7 % Commercial 691,755 42.7 675,156 42.1 Agricultural 62,309 3.9 63,859 4.0 Construction 47,409 2.9 51,453 3.2 Commercial loans 204,006 12.6 200,576 12.5 Other agricultural loans 31,439 1.9 31,966 2.0 Consumer loans to individuals 271,231 16.7 264,321 16.5 Total loans 1,621,680 100.0 % 1,603,877 100.0 % Deferred fees, net ( 232 ) ( 259 ) Total loans receivable 1,621,448 1,603,618 Allowance for credit losses ( 18,020 ) ( 18,968 ) Net loans receivable $ 1,603,428 $ 1,584,650
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 March 31, 2024 (In thousands) Individually evaluated $ 487 $ 2,200 $ — $ — $ 111 $ 185 $ 752 $ 3,735 Collectively evaluated 313,044 689,555 62,309 47,409 203,895 31,254 270,479 1,617,945 Total Loans $ 313,531 $ 691,755 $ 62,309 $ 47,409 $ 204,006 $ 31,439 $ 271,231 $ 1,621,680 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, 2023 Individually evaluated $ 432 $ 2,211 $ — $ — $ 4,264 $ — $ 715 $ 7,622 Collectively evaluated 316,114 672,945 63,859 51,453 196,312 31,966 263,606 1,596,255 Total Loans $ 316,546 $ 675,156 $ 63,859 $ 51,453 $ 200,576 $ 31,966 $ 264,321 $ 1,603,877
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 March 31, 2024 Real Estate loans Residential $ 312,201 $ 511 $ 332 $ - $ 487 $ 1,330 $ 313,531 Commercial 685,572 3,983 - - 2,200 6,183 691,755 Agricultural 62,309 - - - - - 62,309 Construction 47,392 - 17 - - 17 47,409 Commercial loans 202,679 1,194 22 - 111 1,327 204,006 Other agricultural loans 31,254 - - 185 185 31,439 Consumer loans 269,579 589 311 8 744 1,652 271,231 Total $ 1,610,986 $ 6,277 $ 682 $ 8 $ 3,727 $ 10,694 $ 1,621,680 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 December 31, 2023 Real Estate loans Residential $ 315,224 $ 877 $ 13 $ - $ 432 $ 1,322 $ 316,546 Commercial 666,768 6,177 - - 2,211 8,388 675,156 Agricultural 63,732 127 - - 127 63,859 Construction 51,435 - 18 - - 18 51,453 Commercial loans 192,988 3,170 154 - 4,264 7,588 200,576 Other agricultural loans 31,959 7 - - 7 31,966 Consumer loans 262,578 865 163 - 715 1,743 264,321 Total $ 1,584,684 $ 11,223 $ 348 $ - $ 7,622 $ 19,193 $ 1,603,877
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, 2023 $ 1,351 $ 11,871 $ 58 $ 933 $ 1,207 $ 94 $ 3,454 $ 18,968 Charge Offs — - - - ( 55 ) - ( 439 ) ( 494 ) Recoveries 42 102 - - — - 27 171 (Release of) Provision for credit losses ( 196 ) ( 2,142 ) 26 ( 102 ) 835 74 880 ( 625 ) Ending balance, March 31, 2024 $ 1,197 $ 9,831 $ 84 $ 831 $ 1,987 $ 168 $ 3,922 $ 18,020 Ending balance individually evaluated $ - $ - $ - $ - $ - $ - $ 69 $ 69 Ending balance collectively evaluated $ 1,197 $ 9,831 $ 84 $ 831 $ 1,987 $ 168 $ 3,853 $ 17,951 (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 — ( 112 ) - - ( 50 ) - ( 202 ) ( 364 ) Recoveries 6 6 - - 6 - 26 44 Provision for credit losses 65 11 62 ( 94 ) ( 87 ) ( 45 ) 388 300 Ending balance, March 31, 2023 $ 1,359 $ 13,725 $ 121 $ 703 $ 1,158 $ 82 $ 2,297 $ 19,445 Ending balance individually evaluated for impairment $ - $ - $ - $ - $ 1 $ - $ - $ 1 Ending balance collectively evaluated for impairment $ 1,359 $ 13,725 $ 121 $ 703 $ 1,157 $ 82 $ 2,297 $ 19,444
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 March 31, 2024 Real Estate loans Residential $ 487 $ - $ 487 $ - $ 487 Commercial 2,200 - 2,200 - 2,200 Agricultural - - - - - Construction - - - - - Commercial loans 111 - 111 - 111 Other agricultural loans 185 - 185 - 185 Consumer loans 675 69 744 8 752 Total $ 3,658 $ 69 $ 3,727 $ 8 $ 3,735 Nonaccrual Nonaccrual Loans Past Due with no with Total Over 90 Days Total ACL ACL Nonaccrual Still Accruing Nonperforming December 31, 2023 Real Estate loans Residential $ 432 $ - $ 432 $ - $ 432 Commercial 2,211 - 2,211 - 2,211 Agricultural - - - - - Construction - - - - - Commercial loans 4,264 - 4,264 - 4,264 Other agricultural loans - - - - - Consumer loans 162 553 715 - 715 Total $ 7,069 $ 553 $ 7,622 $ - $ 7,622
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 March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Commercial real estate Risk Rating Pass $ 11,173 $ 80,240 $ 130,611 $ 114,116 $ 66,212 $ 253,363 $ 13,664 $ - $ 669,379 Special Mention - 1,300 624 76 1,321 6,134 2,722 - 12,177 Substandard - - 2,944 3,141 1,435 2,679 - - 10,199 Doubtful - - - - - - - - - Total $ 11,173 $ 81,540 $ 134,179 $ 117,333 $ 68,968 $ 262,176 $ 16,386 $ - $ 691,755 Commercial real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Real Estate - Agriculture Risk Rating Pass $ 1,154 $ 2,628 $ 12,369 $ 5,391 $ 7,502 $ 31,805 $ 515 $ - $ 61,364 Special Mention - - - - - 795 150 - 945 Substandard - - - - - - - - - Doubtful - - - - - - - - - Total $ 1,154 $ 2,628 $ 12,369 $ 5,391 $ 7,502 $ 32,600 $ 665 $ - $ 62,309 Real Estate - Agriculture Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial loans Risk Rating Pass $ 16,042 $ 42,669 $ 37,276 $ 23,691 $ 12,591 $ 23,602 $ 39,648 $ - $ 195,519 Special Mention - 529 1,352 222 110 139 544 - 2,896 Substandard - - 2,970 610 47 49 1,915 - 5,591 Doubtful - - - - - - - - - Total $ 16,042 $ 43,198 $ 41,598 $ 24,523 $ 12,748 $ 23,790 $ 42,107 $ - $ 204,006 Commercial loans Current period gross charge-offs $ - $ - $ - $ - $ 4 $ 51 $ - $ - $ 55 Other agricultural loans Risk Rating Pass $ 561 $ 2,592 $ 4,817 $ 3,075 $ 2,778 $ 5,445 $ 11,752 $ - $ 31,020 Special Mention - - - 1 - 153 80 - 234 Substandard - - - - 185 - - - 185 Doubtful - - - - - - - - - Total $ 561 $ 2,592 $ 4,817 $ 3,076 $ 2,963 $ 5,598 $ 11,832 $ - $ 31,439 Other agricultural loans Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Risk Rating Pass $ 28,930 $ 128,129 $ 185,073 $ 146,273 $ 89,083 $ 314,215 $ 65,579 $ - $ 957,282 Special Mention - 1,829 1,976 299 1,431 7,221 3,496 - 16,252 Substandard - - 5,914 3,751 1,667 2,728 1,915 - 15,975 Doubtful - - - - - - - - - Total $ 28,930 $ 129,958 $ 192,963 $ 150,323 $ 92,181 $ 324,164 $ 70,990 $ - $ 989,509 Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Commercial real estate Risk Rating Pass $ 78,496 $ 131,948 $ 112,102 $ 65,949 $ 72,480 $ 186,116 $ 13,332 $ - $ 660,423 Special Mention 1,300 411 243 1,331 - 6,157 1,579 - 11,021 Substandard - - - 1,444 36 2,232 - - 3,712 Doubtful - - - - - - - - - Total $ 79,796 $ 132,359 $ 112,345 $ 68,724 $ 72,516 $ 194,505 $ 14,911 $ - $ 675,156 Commercial real estate Current period gross charge-offs $ - $ - $ - $ - $ 112 $ 42 $ - $ - $ 154 Real Estate - Agriculture Risk Rating Pass $ 2,635 $ 12,509 $ 5,433 $ 7,606 $ 7,746 $ 24,654 $ 522 $ - $ 61,105 Special Mention - - - - 399 490 150 - 1,039 Substandard - 508 - 1,018 - 189 - - 1,715 Doubtful - - - - - - - - - Total $ 2,635 $ 13,017 $ 5,433 $ 8,624 $ 8,145 $ 25,333 $ 672 $ - $ 63,859 Real Estate - Agriculture Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial loans Risk Rating Pass $ 48,571 $ 41,863 $ 24,443 $ 13,752 $ 9,914 $ 15,384 $ 38,644 $ - $ 192,571 Special Mention 553 1,412 257 134 20 188 768 - 3,332 Substandard - 126 342 656 - 49 3,500 - 4,673 Doubtful - - - - - - - - - Total $ 49,124 $ 43,401 $ 25,042 $ 14,542 $ 9,934 $ 15,621 $ 42,912 $ - $ 200,576 Commercial loans Current period gross charge-offs $ - $ 32 $ 24 $ 4,856 $ - $ 41 $ - $ - $ 4,953 Other agricultural loans Risk Rating Pass $ 2,670 $ 5,286 $ 3,251 $ 2,912 $ 2,373 $ 3,836 $ 11,091 $ - $ 31,419 Special Mention - - 2 185 86 - 155 - 428 Substandard - - - - 119 - - - 119 Doubtful - - - - - - - - - Total $ 2,670 $ 5,286 $ 3,253 $ 3,097 $ 2,578 $ 3,836 $ 11,246 $ - $ 31,966 Other agricultural loans Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Risk Rating Pass $ 132,372 $ 191,606 $ 145,229 $ 90,219 $ 92,513 $ 229,990 $ 63,589 $ - $ 945,518 Special Mention 1,853 1,823 502 1,650 505 6,835 2,652 - 15,820 Substandard - 634 342 3,118 155 2,470 3,500 - 10,219 Doubtful - - - - - - - - - Total $ 134,225 $ 194,063 $ 146,073 $ 94,987 $ 93,173 $ 239,295 $ 69,741 $ - $ 971,557
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 March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total Residential real estate Payment Performance Performing $ 1,177 $ 28,172 $ 62,759 $ 56,633 $ 34,427 $ 100,804 $ 29,072 $ - $ 313,044 Nonperforming - - - - - 468 19 - 487 Total $ 1,177 $ 28,172 $ 62,759 $ 56,633 $ 34,427 $ 101,272 $ 29,091 $ - $ 313,531 Residential real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Construction Payment Performance Performing $ 4,881 $ 27,558 $ 11,894 $ 474 $ - $ 292 $ 2,310 $ - $ 47,409 Nonperforming - - - - - - - - - Total $ 4,881 $ 27,558 $ 11,894 $ 474 $ - $ 292 $ 2,310 $ - $ 47,409 Construction Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans to individuals Payment Performance Performing $ 27,817 $ 119,375 $ 70,081 $ 22,256 $ 12,685 $ 17,370 $ 895 $ - $ 270,479 Nonperforming - 129 400 154 21 48 - - 752 Total $ 27,817 $ 119,504 $ 70,481 $ 22,410 $ 12,706 $ 17,418 $ 895 $ - $ 271,231 Consumer loans to individuals Current period gross charge-offs $ - $ 67 $ 277 $ 72 $ 23 $ - $ - $ - $ 439 Total Payment Performance Performing $ 33,875 $ 175,105 $ 144,734 $ 79,363 $ 47,112 $ 118,466 $ 32,277 $ - $ 630,932 Nonperforming - 129 400 154 21 516 19 - 1,239 Total $ 33,875 $ 175,234 $ 145,134 $ 79,517 $ 47,133 $ 118,982 $ 32,296 $ - $ 632,171 Revolving Revolving Term Loans Amortized Costs Basis by Origination Year Loans Loans Amortized Converted December 31, 2023 2023 2022 2021 2020 2019 Prior Cost Basis to Term Total Residential real estate Payment Performance Performing $ 27,446 $ 62,178 $ 57,691 $ 35,357 $ 16,406 $ 87,951 $ 29,085 $ - $ 316,114 Nonperforming - - - - 58 324 50 - 432 Total $ 27,446 $ 62,178 $ 57,691 $ 35,357 $ 16,464 $ 88,275 $ 29,135 $ - $ 316,546 Residential real estate Current period gross charge-offs $ - $ - $ - $ - $ - $ 34 $ - $ - $ 34 Construction Payment Performance Performing $ 23,500 $ 14,906 $ 6,791 $ 1,599 $ 1,829 $ 624 $ 2,204 $ - $ 51,453 Nonperforming - - - - - - - - - Total $ 23,500 $ 14,906 $ 6,791 $ 1,599 $ 1,829 $ 624 $ 2,204 $ - $ 51,453 Construction Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans to individuals Payment Performance Performing $ 127,243 $ 76,339 $ 24,584 $ 14,343 $ 10,217 $ 9,942 $ 938 $ - $ 263,606 Nonperforming 111 404 118 31 41 10 - - 715 Total $ 127,354 $ 76,743 $ 24,702 $ 14,374 $ 10,258 $ 9,952 $ 938 $ - $ 264,321 Consumer loans to individuals Current period gross charge-offs $ 45 $ 710 $ 200 $ 35 $ 45 $ 28 $ 4 $ - $ 1,067 Total Payment Performance Performing $ 178,189 $ 153,423 $ 89,066 $ 51,299 $ 28,452 $ 98,517 $ 32,227 $ - $ 631,173 Nonperforming 111 404 118 31 99 334 50 - 1,147 Total $ 178,300 $ 153,827 $ 89,184 $ 51,330 $ 28,551 $ 98,851 $ 32,277 $ - $ 632,320
Loan Modifications Made to Borrowers	Principal Payment Deferral Amortized Cost Basis at March 31, 2024 % of Total Class of Financing Receivable Financial Effect Commercial real estate loans $ 6,509 0.94 % Deferred Principal for 6 months Commercial loans 3,243 1.59 Deferred Principal for 6 months Consumer Loans 30 0.01 Deferred Principal for 6 months Total $ 9,782 Principal Payment Adjustment Amortized Cost Basis at March 31, 2024 % of Total Class of Financing Receivable Financial Effect Commercial real estate loans $ 399 0.06 % Reduced principal payment plus interest due monthly with balloon payment to be made in August 2024 Total $ 399 Combination - Term Extension and Interest Rate Adjustment Amortized Cost Basis at March 31, 2024 % of Total Class of Financing Receivable Financial Effect Residential real estate loans $ 42 0.01 % New loan was granted which decreased term from 240 months to 180 months and rate was increased from 4.75 % to 9.25 % Total $ 42
Summary of Loan Concentrations by Industry	Account Type Outstanding as of March 31, 2024 Percent of Loans as of March 31, 2024 Commercial Rentals $ 148,899 9.18 % Residential Rentals 113,474 7.00 Hotels/Motels 92,138 5.68 Builders/Contractors 39,878 2.46 Dairy Cattle/Milk Product 47,430 2.93 Fuel/Gas Stations 46,552 2.87 Government Support 26,914 1.66 Mobile Home Park 27,861 1.72 Wineries 23,863 1.47 Camps 25,647 1.58 Resorts 20,154 1.24

Operating Leases (Tables)

Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Operating Leases [Abstract]
Lease Cost	Operating Weighted-average remaining term 9.4 Weighted-average discount rate 2.58 %
Undiscounted Cash Flows Due	Undiscounted cash flows due (in thousands) Operating 2024 $ 500 2025 680 2026 524 2027 401 2028 401 2029 and thereafter 2,013 Total undiscounted cash flows 4,519 Discount on cash flows 637 Total lease liabilities $ 3,882

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Values 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 March 31, 2024 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 44,676 $ - $ 44,676 $ - U.S. Government agencies 19,828 - 19,828 - States and political subdivisions 128,267 - 128,267 - Mortgage-backed securities-government sponsored entities 205,603 - 205,603 - Interest rate derivatives 1,336 - 1,336 - LIABILITIES Interest rate derivatives 1,336 - 1,336 - Description Total Level 1 Level 2 Level 3 December 31, 2023 (In thousands) ASSETS Available for Sale: U.S. Treasury securities $ 53,600 $ - $ 53,600 $ - U.S. Government agencies 15,996 - 15,996 - States and political subdivisions 129,479 - 129,479 - Mortgage-backed securities-government sponsored entities 207,184 - 207,184 - Interest rate derivatives 1,225 - 1,225 - LIABILITIES Interest rate derivatives 1,225 - 1,225 -
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 March 31, 2024 Individually analyzed loans held for investment $ 3,666 $ - $ - $ 3,666 Foreclosed Real Estate Owned 97 - - 97 December 31, 2023 Individually analyzed loans held for investment $ 7,487 $ - $ - $ 7,487 Foreclosed Real Estate Owned 97 - - 97
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) March 31, 2024 Individually analyzed loans held for investment $ 3,666 Appraisal of collateral(1) Appraisal adjustments(2) 10.0 %- 10.0 % ( 10.0 %) Foreclosed real estate owned $ 97 Appraisal of collateral(1) Liquidation Expenses(2) 10.0 %- 10.0 % ( 10.0 %) Quantitative Information about Level 3 Fair Value Measurements (dollars in thousands) Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) December 31, 2023 Individually analyzed loans held for investment $ 7,487 Appraisal of collateral(1) Appraisal adjustments(2) 0 %- 10.0 % ( 2.68 %) Foreclosed real estate owned $ 97 Appraisal of collateral(1) Liquidation Expenses(2) 16.67 %- 37.20 % ( 28.07 %) (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 March 31, 2024 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 111,963 $ 111,963 $ 111,963 $ - $ - Loans receivable, net 1,603,428 1,535,585 - - 1,535,585 Mortgage servicing rights 172 506 - - 506 Regulatory stock (1) 6,545 6,545 6,545 - - Bank owned life insurance (1) 45,869 45,869 45,869 - - Accrued interest receivable (1) 8,135 8,135 8,135 - - Financial liabilities: Deposits 1,838,998 1,832,638 1,080,822 - 751,816 Short-term borrowings (1) 60,055 60,055 60,055 - - Other borrowings 151,179 150,963 - - 150,963 Accrued interest payable (1) 11,737 11,737 11,737 - - Off-balance sheet financial instruments: Commitments to extend credit and outstanding letters of credit - - - - - Fair Value Measurements at December 31, 2023 Carrying Amount Fair Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents (1) $ 66,120 $ 66,120 $ 66,120 $ - $ - Loans receivable, net 1,584,650 1,521,667 - - 1,521,667 Mortgage servicing rights 188 506 - - 506 Regulatory stock (1) 7,318 7,318 7,318 - - Bank owned life insurance (1) 46,439 46,439 46,439 - - Accrued interest receivable (1) 8,123 8,123 8,123 - - Financial liabilities: Deposits 1,795,159 1,800,104 1,086,050 - 714,054 Short-term borrowings (1) 74,076 74,076 74,076 - - Other borrowings 124,236 124,058 - - 124,058 Accrued interest payable (1) 10,510 10,510 10,510 - - 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)	3 Months Ended
	Mar. 31, 2024
Interest Rate Swaps [Abstract]
Summary of Derivatives	(Amounts in thousands) Notional Amount Fair Value March 31, 2024 December 31, 2023 Interest Rate Paid Interest Rate Received March 31, 2024 December 31, 2023 Customer interest rate swap Maturing November, 2030 $ 6,051 $ 6,145 Term SOFR + Margin Fixed $ 814 $ 746 Maturing December, 2030 3,965 4,032 Term SOFR + Margin Fixed 522 479 Total $ 10,016 $ 10,177 $ 1,336 $ 1,225 Third party interest rate swap Maturing November, 2030 $ 6,051 $ 6,145 Fixed Term SOFR + Margin $ 814 $ 746 Maturing December, 2030 3,965 4,032 Fixed Term SOFR + Margin 522 479 Total $ 10,016 $ 10,177 $ 1,336 $ 1,225
Fair Value of Derivative Instruments	(Amounts in thousands) Assets Liabilities Balance Sheet Location Fair Value Balance Sheet Location Fair Value March 31, 2024 Interest rate derivatives Other assets $ 1,336 Other liabilities $ 1,336 December 31, 2023 Interest rate derivatives Other assets 1,225 Other liabilities 1,225

Revenue Recognition (Noninteres

Revenue Recognition (Noninterest Income) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest Income (in scope of Topic 606)	$ 1,711,000	$ 1,677,000
Net realized gains on sales of securities		2,000
Loan servicing fees	21,000	20,000
Gains on sales of loans, net	6,000
Earnings on and proceeds from bank-owned life insurance	268,000	213,000
Noninterest Income (out-of-scope of Topic 606)	295,000	235,000
Total other income	2,006,000	1,912,000
Service Charges On Deposit Accounts [Member]
Noninterest Income (in scope of Topic 606)	112,000	103,000
ATM Fees [Member]
Noninterest Income (in scope of Topic 606)	106,000	106,000
Overdraft Fees [Member]
Noninterest Income (in scope of Topic 606)	355,000	320,000
Safe Deposit Box Rental [Member]
Noninterest Income (in scope of Topic 606)	24,000	26,000
Loan Related Service Fees [Member]
Noninterest Income (in scope of Topic 606)	131,000	153,000
Debit Card Fees[Member]
Noninterest Income (in scope of Topic 606)	526,000	559,000
Fiduciary Activities [Member]
Noninterest Income (in scope of Topic 606)	238,000	212,000
Commissions On Mutual Funds And Annuities [Member]
Noninterest Income (in scope of Topic 606)	68,000	26,000
Other Income [Member]
Noninterest Income (in scope of Topic 606)	$ 151,000	$ 172,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	139,850	110,350
Share price	$ 27.21	$ 29.42	$ 32.91

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	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Weighted Average Number of Shares Outstanding, Basic [Abstract]
Weighted average shares outstanding	8,110,000	8,176,000
Less: Unvested restricted shares	(46,000)	(45,000)
Basic EPS weighted average shares outstanding	8,064,000	8,131,000
Basic EPS weighted average shares outstanding	8,064,000	8,131,000
Add: Dilutive effect of stock options and restricted shares	6,000	17,000
Diluted EPS weighted average shares outstanding	8,070,000	8,148,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Future compensation expense of non-vested restricted stock outstanding	$ 1,253,000
Non-vested restricted stock recognition period	4 years 9 months
Non-vested stock outstanding	45,966	44,460	45,966	44,460
Compensation expense related to stock options	$ 89,000	$ 96,000
Share price	$ 27.21	$ 29.42	$ 32.91
Remaining Life, Years	6 years 7 months 6 days		6 years 10 months 24 days
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Granted	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 104,000	$ 114,000
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	$ 257,000

Stock Based Compensation (Summa

Stock Based Compensation (Summary of Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Stock-Based Compensation [Abstract]
Options, beginning of year	215,725
Options, Forfeited	(1,500)
Options, end of year	214,225	215,725
Options, Exercisable, end of period	175,725
Weighted Average Exercise Price Per Share, Outstanding, beginning of period	$ 29.81
Weighted Average Exercise Price Per Share, Forfeited	36.02
Weighted Average Exercise Price Per Share, Outstanding, end of period	29.77	$ 29.81
Weighted Average Exercise Price Per Share, Exercisable, end of period	$ 29.79
Weighted Average Remaining Contractual Term, Outstanding	6 years 7 months 6 days	6 years 10 months 24 days
Weighted Average Remaining Contractual Term, Forfeited During Period	5 years 8 months 12 days
Weighted Average Remaining Contractual Term, Exercisable at End of Period	5 years 9 months 18 days
Aggregate Intrinsic Value, Outstanding, beginning of period	$ 759
Aggregate Intrinsic Value, Outstanding, end of period	188	$ 759
Aggregate Intrinsic Value, Exercisable at end of period	$ 188

Stock Based Compensation (Sum_2

Stock Based Compensation (Summary of Restricted Stock Activity) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock-Based Compensation [Abstract]
Restricted stock Non-vested, beginning balance	45,966	44,460
Restricted stock, granted
Restricted stock, vested
Restricted stock, forfeited
Restricted stock Non-vested, ending balance	45,966	44,460
Restricted stock Non-vested, weighted-average grant date fair value, beginning balance	$ 29.90	$ 30.12
Restricted stock, granted, weighted-average grant date fair value
Restricted stock, vested, weighted-average grant date fair value
Restricted stock, forfeited, weighted-average grant date fair value
Restricted stock Non-vested, weighted-average grant date fair value, ending balance	$ 29.90	$ 30.12

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Summary of Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (47,348,000)
Other comprehensive (loss) income	(2,051,000)	$ 7,390,000
Ending balance	(49,399,000)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income	(2,051,000)	7,390,000
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	(47,348,000)	(57,353,000)
Other comprehensive income (loss) before reclassification	(2,051,000)	7,392,000
Amount reclassified from accumulated other comprehensive (income) loss		(2,000)
Other comprehensive (loss) income	(2,051,000)	7,390,000
Ending balance	$ (49,399,000)	$ (49,963,000)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Significant Amounts Reclassified out of each Component of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized losses on available for sale securities		$ 2,000
Income tax expense	$ (1,175,000)	(1,487,000)
Net income	$ 4,433,000	5,782,000
Amount Reclassified From Accumulated Other Comprehensive Income (Loss) [Member] | Unrealized Gains (Losses) On Available-For-Sale Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized losses on available for sale securities		2,000
Net income		$ 2,000

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	Mar. 31, 2024	Mar. 31, 2023
Loss Contingencies [Line Items]
Financial instrument commitments	$ 242,054	$ 274,647
Commitments to Grant Loans [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	82,423	92,602
Unfunded Commitments Under Lines of Credit [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	152,505	166,507
Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Financial instrument commitments	$ 7,126	$ 15,538

Securities (Narrative) (Details

Securities (Narrative) (Details)	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)	Mar. 31, 2023 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	331
ACL on debt securities available for sale | $	$ 0	$ 0	$ 0
Pledged Financial Instruments, Not Separately Reported, Securities | $	$ 380,112,000	$ 344,204,000

Securities (Schedule of Amortiz

Securities (Schedule of Amortized Cost Gross Unrealized Gains and Losses, and Fair Values of Securities) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	$ 461,530,000
Available for Sale, Fair Value	398,374,000	$ 406,259,000
Debt Securities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	461,530,000	466,818,000
Available for Sale, Gross Unrealized Gains		14,000
Available for Sale, Gross Unrealized Losses	(63,157,000)	(60,573,000)
Available for Sale, Fair Value	398,374,000	406,259,000
U.S. Treasury Securities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	47,152,000	55,968,000
Available for Sale, Gross Unrealized Gains	1,000	14,000
Available for Sale, Gross Unrealized Losses	(2,477,000)	(2,382,000)
Available for Sale, Fair Value	44,676,000	53,600,000
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	22,523,000	18,486,000
Available for Sale, Gross Unrealized Losses	(2,695,000)	(2,490,000)
Available for Sale, Fair Value	19,828,000	15,996,000
States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	151,575,000	151,764,000
Available for Sale, Gross Unrealized Losses	(23,308,000)	(22,285,000)
Available for Sale, Fair Value	128,267,000	129,479,000
Mortgage-backed Securities-Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Available for Sale, Amortized Cost, Total	240,280,000	240,600,000
Available for Sale, Gross Unrealized Losses	(34,677,000)	(33,416,000)
Available for Sale, Fair Value	$ 205,603,000	$ 207,184,000

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	Mar. 31, 2024	Dec. 31, 2023
Debt Securities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	$ 11,350	$ 2,261
Less than 12 Months, Unrealized Losses	(90)	(12)
12 Months or More, Fair Value	378,233	389,465
12 Months or More, Unrealized Losses	(63,067)	(60,561)
Total, Fair Value	389,583	391,726
Total, Unrealized Losses	(63,157)	(60,573)
U.S. Treasury Securities [Member]
Schedule of Investments [Line Items]
12 Months or More, Fair Value	36,770	40,833
12 Months or More, Unrealized Losses	(2,477)	(2,382)
Total, Fair Value	36,770	40,833
Total, Unrealized Losses	(2,477)	(2,382)
U.S. Government Agencies [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	3,985
Less than 12 Months, Unrealized Losses	(21)
12 Months or More, Fair Value	15,843	15,996
12 Months or More, Unrealized Losses	(2,674)	(2,490)
Total, Fair Value	19,828	15,996
Total, Unrealized Losses	(2,695)	(2,490)
States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	1,483	2,261
Less than 12 Months, Unrealized Losses	(17)	(12)
12 Months or More, Fair Value	125,899	125,452
12 Months or More, Unrealized Losses	(23,291)	(22,273)
Total, Fair Value	127,382	127,713
Total, Unrealized Losses	(23,308)	(22,285)
Mortgage-backed Securities-Government Sponsored Entities [Member]
Schedule of Investments [Line Items]
Less than 12 Months, Fair Value	5,882
Less than 12 Months, Unrealized Losses	(52)
12 Months or More, Fair Value	199,721	207,184
12 Months or More, Unrealized Losses	(34,625)	(33,416)
Total, Fair Value	205,603	207,184
Total, Unrealized Losses	$ (34,677)	$ (33,416)

Securities (Schedule of Amort_2

Securities (Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Securities [Abstract]
Available for Sale, Amortized Cost, Due in one year or less	$ 27,123,000
Available for Sale, Amortized Cost, Due after one year through five years	39,706,000
Available for Sale, Amortized Cost, Due after five years through ten years	72,692,000
Available for Sale, Amortized Cost, Due after ten years	81,729,000
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	221,250,000
Available for Sale, Amortized Cost, Mortgage-backed securities-government sponsored entities	240,280,000
Available for Sale, Amortized Cost, Total	461,530,000
Available for Sale, Fair Value, Due in one year or less	26,851,000
Available for Sale, Fair Value, Due after one year through five years	36,584,000
Available for Sale, Fair Value, Due after five years through ten years	59,464,000
Available for Sale, Fair Value, Due after ten years	69,872,000
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	192,771,000
Available for Sale, Fair Value, Mortgage-backed securities-government sponsored entities	205,603,000
Available for Sale, Fair Value, Total	$ 398,374,000	$ 406,259,000

Securities (Gross Realized Gain

Securities (Gross Realized Gains and Losses on Sales of Securities Available-for-Sale) (Details)	3 Months Ended
	Mar. 31, 2023 USD ($)
Securities [Abstract]
Gross realized gains	$ 4,000
Gross realized losses	(2,000)
Net realized gains (losses)	2,000
Proceeds from sales of securities	$ 1,982,000

Loans Receivable and Allowanc_3

Loans Receivable and Allowance for Credit Losses (Narrative) (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) item property	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Acquired Through Foreclosure	$ 97,000		$ 97,000
Financing Receivable, before Allowance for Credit Loss	$ 1,621,680,000		1,603,877,000
Number of loan modifications to borrowers experiencing financial difficulty | item	3
Charge offs	$ 494,000	$ 364,000
Allowance for loan losses	18,020,000	19,445,000	18,968,000
(Release of) Provision for credit losses	(625,000)	300,000
Residential Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge offs	0
Commercial Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Charge offs	$ 0
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number Of Properties Under Foreclosure Proceedings | property	6
Mortgage Loans in Process of Foreclosure, Amount	$ 285,000
Financing Receivable, before Allowance for Credit Loss	313,531,000		316,546,000
Allowance for loan losses	1,197,000	1,359,000	1,351,000
(Release of) Provision for credit losses	(196,000)	65,000
Residential Real Estate Loans [Member] | Residential Rentals [Member] | Loans Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 113,474,000
Concentration Risk, Percentage	7%
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 691,755,000		675,156,000
Charge offs		112,000
Allowance for loan losses	9,831,000	13,725,000	$ 11,871,000
(Release of) Provision for credit losses	(2,142,000)	$ 11,000
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	$ 148,899,000
Concentration Risk, Percentage	9.18%
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
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 Credit Losses (Composition of the Loan Portfolio) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,621,680,000	$ 1,603,877,000
Deferred fees, net	(232,000)	(259,000)
Total loans receivable	1,621,448,000	1,603,618,000
Allowance for credit losses	(18,020,000)	(18,968,000)	$ (19,445,000)
Net loans receivable	$ 1,603,428,000	$ 1,584,650,000
Percent of Loans	100%	100%
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 313,531,000	$ 316,546,000
Allowance for credit losses	$ (1,197,000)	$ (1,351,000)	(1,359,000)
Percent of Loans	19.30%	19.70%
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 691,755,000	$ 675,156,000
Allowance for credit losses	$ (9,831,000)	$ (11,871,000)	(13,725,000)
Percent of Loans	42.70%	42.10%
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 62,309,000	$ 63,859,000
Percent of Loans	3.90%	4%
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 47,409,000	$ 51,453,000
Allowance for credit losses	$ (831,000)	$ (933,000)	(703,000)
Percent of Loans	2.90%	3.20%
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 204,006,000	$ 200,576,000
Allowance for credit losses	$ (1,987,000)	$ (1,207,000)	(1,158,000)
Percent of Loans	12.60%	12.50%
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 31,439,000	$ 31,966,000
Percent of Loans	1.90%	2%
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 271,231,000	$ 264,321,000
Allowance for credit losses	$ (3,922,000)	$ (3,454,000)	$ (2,297,000)
Percent of Loans	16.70%	16.50%

Loans Receivable and Allowanc_5

Loans Receivable and Allowance for Credit Losses (Summary of Amount of Loans in Each Category that were Individually and Collectively Evaluated for Impairment) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 3,735,000	$ 7,622,000
Collectively evaluated for impairment	1,617,945,000	1,596,255,000
Total	1,621,680,000	1,603,877,000
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	487,000	432,000
Collectively evaluated for impairment	313,044,000	316,114,000
Total	313,531,000	316,546,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	2,200,000	2,211,000
Collectively evaluated for impairment	689,555,000	672,945,000
Total	691,755,000	675,156,000
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	62,309,000	63,859,000
Total	62,309,000	63,859,000
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Collectively evaluated for impairment	47,409,000	51,453,000
Total	47,409,000	51,453,000
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	111,000	4,264,000
Collectively evaluated for impairment	203,895,000	196,312,000
Total	204,006,000	200,576,000
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	185,000
Collectively evaluated for impairment	31,254,000	31,966,000
Total	31,439,000	31,966,000
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	752,000	715,000
Collectively evaluated for impairment	270,479,000	263,606,000
Total	$ 271,231,000	$ 264,321,000

Loans Receivable and Allowanc_6

Loans Receivable and Allowance for Credit Losses (Loan Portfolio Summarized by the Past Due Status) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 1,621,680,000	$ 1,603,877,000
Non-Accrual	3,727,000	7,622,000
Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	3,727,000	7,622,000
Total Past Due and Non-Accrual	10,694,000	19,193,000
Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	1,621,680,000	1,603,877,000
Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	1,610,986,000	1,584,684,000
Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	6,277,000	11,223,000
Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	682,000	348,000
Financing Receivables, Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	8,000
Residential Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	313,531,000	316,546,000
Non-Accrual	487,000	432,000
Residential Real Estate Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	487,000	432,000
Total Past Due and Non-Accrual	1,330,000	1,322,000
Residential Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	313,531,000	316,546,000
Residential Real Estate Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	312,201,000	315,224,000
Residential Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	511,000	877,000
Residential Real Estate Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	332,000	13,000
Commercial Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	691,755,000	675,156,000
Non-Accrual	2,200,000	2,211,000
Commercial Real Estate Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	2,200,000	2,211,000
Total Past Due and Non-Accrual	6,183,000	8,388,000
Commercial Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	691,755,000	675,156,000
Commercial Real Estate Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	685,572,000	666,768,000
Commercial Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	3,983,000	6,177,000
Agricultural Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	62,309,000	63,859,000
Agricultural Real Estate Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Non-Accrual		127,000
Agricultural Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	62,309,000	63,859,000
Agricultural Real Estate Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	62,309,000	63,732,000
Agricultural Real Estate Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans		127,000
Construction Real Estate Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	47,409,000	51,453,000
Construction Real Estate Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due and Non-Accrual	17,000	18,000
Construction Real Estate Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	47,409,000	51,453,000
Construction Real Estate Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	47,392,000	51,435,000
Construction Real Estate Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	17,000	18,000
Commercial Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	204,006,000	200,576,000
Non-Accrual	111,000	4,264,000
Commercial Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	111,000	4,264,000
Total Past Due and Non-Accrual	1,327,000	7,588,000
Commercial Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	204,006,000	200,576,000
Commercial Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	202,679,000	192,988,000
Commercial Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	1,194,000	3,170,000
Commercial Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	22,000	154,000
Other Agricultural Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	31,439,000	31,966,000
Non-Accrual	185,000
Other Agricultural Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	185,000
Total Past Due and Non-Accrual	185,000	7,000
Other Agricultural Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	31,439,000	31,966,000
Other Agricultural Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	31,254,000	31,959,000
Other Agricultural Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans		7,000
Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Loans	271,231,000	264,321,000
Non-Accrual	744,000	715,000
Consumer Loans [Member] | Company Originated [Member]
Financing Receivable, Past Due [Line Items]
Non-Accrual	744,000	715,000
Total Past Due and Non-Accrual	1,652,000	1,743,000
Consumer Loans [Member] | Purchased Credit-Impaired [Member]
Financing Receivable, Past Due [Line Items]
Loans	271,231,000	264,321,000
Consumer Loans [Member] | Financing Receivables, 1 to 30 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	269,579,000	262,578,000
Consumer Loans [Member] | Financing Receivables, 31 to 60 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	589,000	865,000
Consumer Loans [Member] | Financing Receivables, 61 to 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	311,000	$ 163,000
Consumer Loans [Member] | Financing Receivables, Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	$ 8,000

Loans Receivable and Allowanc_7

Loans Receivable and Allowance for Credit Losses (Allowance for Credit Losses and Recorded Investment in Financing Receivables) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	$ 18,968,000
Charge Offs	(494,000)	$ (364,000)
Recoveries	171,000	44,000
(Release of) Provision for credit losses	(625,000)	300,000
Ending balance,	18,020,000	19,445,000
Ending balance individually evaluated for impairment	69,000	1,000
Ending balance collectively evaluated for impairment	17,951,000	19,444,000
Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,351,000
Recoveries	42,000	6,000
(Release of) Provision for credit losses	(196,000)	65,000
Ending balance,	1,197,000	1,359,000
Ending balance collectively evaluated for impairment	1,197,000	1,359,000
Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	11,871,000
Charge Offs		(112,000)
Recoveries	102,000	6,000
(Release of) Provision for credit losses	(2,142,000)	11,000
Ending balance,	9,831,000	13,725,000
Ending balance collectively evaluated for impairment	9,831,000	13,725,000
Farmland [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	58,000
(Release of) Provision for credit losses	26,000	62,000
Ending balance,	84,000	121,000
Ending balance collectively evaluated for impairment	84,000	121,000
Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	933,000
(Release of) Provision for credit losses	(102,000)	(94,000)
Ending balance,	831,000	703,000
Ending balance collectively evaluated for impairment	831,000	703,000
Commercial Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	1,207,000
Charge Offs	(55,000)	(50,000)
Recoveries		6,000
(Release of) Provision for credit losses	835,000	(87,000)
Ending balance,	1,987,000	1,158,000
Ending balance individually evaluated for impairment		1,000
Ending balance collectively evaluated for impairment	1,987,000	1,157,000
Other Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	94,000
(Release of) Provision for credit losses	74,000	(45,000)
Ending balance,	168,000	82,000
Ending balance collectively evaluated for impairment	168,000	82,000
Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,	3,454,000
Charge Offs	(439,000)	(202,000)
Recoveries	27,000	26,000
(Release of) Provision for credit losses	880,000	388,000
Ending balance,	3,922,000	2,297,000
Ending balance individually evaluated for impairment	69,000
Ending balance collectively evaluated for impairment	$ 3,853,000	2,297,000
Pre Adoption [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		16,999,000
Pre Adoption [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		2,833,000
Pre Adoption [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		8,293,000
Pre Adoption [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		259,000
Pre Adoption [Member] | Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		409,000
Pre Adoption [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		2,445,000
Pre Adoption [Member] | Other Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		124,000
Pre Adoption [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		2,636,000
Adoption Impact [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		2,466,000
Adoption Impact [Member] | Residential Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		(1,545,000)
Adoption Impact [Member] | Commercial Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		5,527,000
Adoption Impact [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		(200,000)
Adoption Impact [Member] | Construction Real Estate Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		388,000
Adoption Impact [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		(1,156,000)
Adoption Impact [Member] | Other Agricultural [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		3,000
Adoption Impact [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Beginning balance,		$ (551,000)

Loans Receivable and Allowanc_8

Loans Receivable and Allowance for Credit Losses (Summary of Carrying Value of Loan on Nonaccrual Status) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL	$ 3,658,000	$ 7,069,000
Nonaccrual with ACL	69,000	553,000
Non-Accrual	3,727,000	7,622,000
Past Due and still accruing	8,000
Total Nonperforming	3,735,000	7,622,000
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL	487,000	432,000
Non-Accrual	487,000	432,000
Total Nonperforming	487,000	432,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL	2,200,000	2,211,000
Non-Accrual	2,200,000	2,211,000
Total Nonperforming	2,200,000	2,211,000
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL	111,000	4,264,000
Non-Accrual	111,000	4,264,000
Total Nonperforming	111,000	4,264,000
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL	185,000
Non-Accrual	185,000
Total Nonperforming	185,000
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual with no ACL	675,000	162,000
Nonaccrual with ACL	69,000	553,000
Non-Accrual	744,000	715,000
Past Due and still accruing	8,000
Total Nonperforming	$ 752,000	$ 715,000

Loans Receivable and Allowanc_9

Loans Receivable and Allowance for Credit Losses (Summary of Recorded Investment by Internal Risk Rating Systems) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 1,621,680,000	$ 1,603,877,000
Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	28,930,000	134,225,000
2023	129,958,000	194,063,000
2022	192,963,000	146,073,000
2021	150,323,000	94,987,000
2020	92,181,000	93,173,000
Prior	324,164,000	239,295,000
Revolving Loans Amortized Cost Basis	70,990,000	69,741,000
Total	989,509,000	971,557,000
Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	28,930,000	132,372,000
2023	128,129,000	191,606,000
2022	185,073,000	145,229,000
2021	146,273,000	90,219,000
2020	89,083,000	92,513,000
Prior	314,215,000	229,990,000
Revolving Loans Amortized Cost Basis	65,579,000	63,589,000
Total	957,282,000	945,518,000
Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		1,853,000
2023	1,829,000	1,823,000
2022	1,976,000	502,000
2021	299,000	1,650,000
2020	1,431,000	505,000
Prior	7,221,000	6,835,000
Revolving Loans Amortized Cost Basis	3,496,000	2,652,000
Total	16,252,000	15,820,000
Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		634,000
2022	5,914,000	342,000
2021	3,751,000	3,118,000
2020	1,667,000	155,000
Prior	2,728,000	2,470,000
Revolving Loans Amortized Cost Basis	1,915,000	3,500,000
Total	15,975,000	10,219,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	691,755,000	675,156,000
Commercial Real Estate Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	11,173,000	79,796,000
2023	81,540,000	132,359,000
2022	134,179,000	112,345,000
2021	117,333,000	68,724,000
2020	68,968,000	72,516,000
Prior	262,176,000	194,505,000
Revolving Loans Amortized Cost Basis	16,386,000	14,911,000
Total	691,755,000	675,156,000
Current period gross charge-offs, 2020		112,000
Current period gross charge-offs, Prior		42,000
Current period gross charge-offs, Total		154,000
Commercial Real Estate Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	11,173,000	78,496,000
2023	80,240,000	131,948,000
2022	130,611,000	112,102,000
2021	114,116,000	65,949,000
2020	66,212,000	72,480,000
Prior	253,363,000	186,116,000
Revolving Loans Amortized Cost Basis	13,664,000	13,332,000
Total	669,379,000	660,423,000
Commercial Real Estate Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		1,300,000
2023	1,300,000	411,000
2022	624,000	243,000
2021	76,000	1,331,000
2020	1,321,000
Prior	6,134,000	6,157,000
Revolving Loans Amortized Cost Basis	2,722,000	1,579,000
Total	12,177,000	11,021,000
Commercial Real Estate Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	2,944,000
2021	3,141,000	1,444,000
2020	1,435,000	36,000
Prior	2,679,000	2,232,000
Total	10,199,000	3,712,000
Agricultural Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	62,309,000	63,859,000
Agricultural Real Estate Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	1,154,000	2,635,000
2023	2,628,000	13,017,000
2022	12,369,000	5,433,000
2021	5,391,000	8,624,000
2020	7,502,000	8,145,000
Prior	32,600,000	25,333,000
Revolving Loans Amortized Cost Basis	665,000	672,000
Total	62,309,000	63,859,000
Agricultural Real Estate Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	1,154,000	2,635,000
2023	2,628,000	12,509,000
2022	12,369,000	5,433,000
2021	5,391,000	7,606,000
2020	7,502,000	7,746,000
Prior	31,805,000	24,654,000
Revolving Loans Amortized Cost Basis	515,000	522,000
Total	61,364,000	61,105,000
Agricultural Real Estate Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020		399,000
Prior	795,000	490,000
Revolving Loans Amortized Cost Basis	150,000	150,000
Total	945,000	1,039,000
Agricultural Real Estate Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		508,000
2021		1,018,000
Prior		189,000
Total		1,715,000
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	204,006,000	200,576,000
Commercial Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	16,042,000	49,124,000
2023	43,198,000	43,401,000
2022	41,598,000	25,042,000
2021	24,523,000	14,542,000
2020	12,748,000	9,934,000
Prior	23,790,000	15,621,000
Revolving Loans Amortized Cost Basis	42,107,000	42,912,000
Total	204,006,000	200,576,000
Current period gross charge-offs, 2023		32,000
Current period gross charge-offs, 2022		24,000
Current period gross charge-offs, 2021		4,856,000
Current period gross charge-offs, 2020	4,000
Current period gross charge-offs, Prior	51,000	41,000
Current period gross charge-offs, Total	55,000	4,953,000
Commercial Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	16,042,000	48,571,000
2023	42,669,000	41,863,000
2022	37,276,000	24,443,000
2021	23,691,000	13,752,000
2020	12,591,000	9,914,000
Prior	23,602,000	15,384,000
Revolving Loans Amortized Cost Basis	39,648,000	38,644,000
Total	195,519,000	192,571,000
Commercial Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		553,000
2023	529,000	1,412,000
2022	1,352,000	257,000
2021	222,000	134,000
2020	110,000	20,000
Prior	139,000	188,000
Revolving Loans Amortized Cost Basis	544,000	768,000
Total	2,896,000	3,332,000
Commercial Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		126,000
2022	2,970,000	342,000
2021	610,000	656,000
2020	47,000
Prior	49,000	49,000
Revolving Loans Amortized Cost Basis	1,915,000	3,500,000
Total	5,591,000	4,673,000
Other Agricultural Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	31,439,000	31,966,000
Other Agricultural Loans [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	561,000	2,670,000
2023	2,592,000	5,286,000
2022	4,817,000	3,253,000
2021	3,076,000	3,097,000
2020	2,963,000	2,578,000
Prior	5,598,000	3,836,000
Revolving Loans Amortized Cost Basis	11,832,000	11,246,000
Total	31,439,000	31,966,000
Other Agricultural Loans [Member] | Pass [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	561,000	2,670,000
2023	2,592,000	5,286,000
2022	4,817,000	3,251,000
2021	3,075,000	2,912,000
2020	2,778,000	2,373,000
Prior	5,445,000	3,836,000
Revolving Loans Amortized Cost Basis	11,752,000	11,091,000
Total	31,020,000	31,419,000
Other Agricultural Loans [Member] | Special Mention [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022		2,000
2021	1,000	185,000
2020		86,000
Prior	153,000
Revolving Loans Amortized Cost Basis	80,000	155,000
Total	234,000	428,000
Other Agricultural Loans [Member] | Substandard [Member] | Non-Homogenous Pools [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	185,000	119,000
Total	$ 185,000	$ 119,000

Loans Receivable and Allowan_10

Loans Receivable and Allowance for Credit Losses (Summary of Recorded investment in Loan Classes Based on Payment Activity) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 1,621,680,000	$ 1,603,877,000
Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	33,875,000	178,300,000
2023	175,234,000	153,827,000
2022	145,134,000	89,184,000
2021	79,517,000	51,330,000
2020	47,133,000	28,551,000
Prior	118,982,000	98,851,000
Revolving Loans Amortized Cost Basis	32,296,000	32,277,000
Total	632,171,000	632,320,000
Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	33,875,000	178,189,000
2023	175,105,000	153,423,000
2022	144,734,000	89,066,000
2021	79,363,000	51,299,000
2020	47,112,000	28,452,000
Prior	118,466,000	98,517,000
Revolving Loans Amortized Cost Basis	32,277,000	32,227,000
Total	630,932,000	631,173,000
Nonperforming [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		111,000
2023	129,000	404,000
2022	400,000	118,000
2021	154,000	31,000
2020	21,000	99,000
Prior	516,000	334,000
Revolving Loans Amortized Cost Basis	19,000	50,000
Total	1,239,000	1,147,000
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	313,531,000	316,546,000
Residential Real Estate Loans [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	1,177,000	27,446,000
2023	28,172,000	62,178,000
2022	62,759,000	57,691,000
2021	56,633,000	35,357,000
2020	34,427,000	16,464,000
Prior	101,272,000	88,275,000
Revolving Loans Amortized Cost Basis	29,091,000	29,135,000
Total	313,531,000	316,546,000
Current period gross charge-offs, Prior		34,000
Current period gross charge-offs, Total		34,000
Residential Real Estate Loans [Member] | Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	1,177,000	27,446,000
2023	28,172,000	62,178,000
2022	62,759,000	57,691,000
2021	56,633,000	35,357,000
2020	34,427,000	16,406,000
Prior	100,804,000	87,951,000
Revolving Loans Amortized Cost Basis	29,072,000	29,085,000
Total	313,044,000	316,114,000
Residential Real Estate Loans [Member] | Nonperforming [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020		58,000
Prior	468,000	324,000
Revolving Loans Amortized Cost Basis	19,000	50,000
Total	487,000	432,000
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	47,409,000	51,453,000
Construction Real Estate Loans [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	4,881,000	23,500,000
2023	27,558,000	14,906,000
2022	11,894,000	6,791,000
2021	474,000	1,599,000
2020		1,829,000
Prior	292,000	624,000
Revolving Loans Amortized Cost Basis	2,310,000	2,204,000
Total	47,409,000	51,453,000
Construction Real Estate Loans [Member] | Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	4,881,000	23,500,000
2023	27,558,000	14,906,000
2022	11,894,000	6,791,000
2021	474,000	1,599,000
2020		1,829,000
Prior	292,000	624,000
Revolving Loans Amortized Cost Basis	2,310,000	2,204,000
Total	47,409,000	51,453,000
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	271,231,000	264,321,000
Consumer Loans [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	27,817,000	127,354,000
2023	119,504,000	76,743,000
2022	70,481,000	24,702,000
2021	22,410,000	14,374,000
2020	12,706,000	10,258,000
Prior	17,418,000	9,952,000
Revolving Loans Amortized Cost Basis	895,000	938,000
Total	271,231,000	264,321,000
Current period gross charge-offs, 2024		45,000
Current period gross charge-offs, 2023	67,000	710,000
Current period gross charge-offs, 2022	277,000	200,000
Current period gross charge-offs, 2021	72,000	35,000
Current period gross charge-offs, 2020	23,000	45,000
Current period gross charge-offs, Prior		28,000
Current period gross charge-offs, Revolving loans amortized cost basis		4,000
Current period gross charge-offs, Total	439,000	1,067,000
Consumer Loans [Member] | Performing [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	27,817,000	127,243,000
2023	119,375,000	76,339,000
2022	70,081,000	24,584,000
2021	22,256,000	14,343,000
2020	12,685,000	10,217,000
Prior	17,370,000	9,942,000
Revolving Loans Amortized Cost Basis	895,000	938,000
Total	270,479,000	263,606,000
Consumer Loans [Member] | Nonperforming [Member] | Based on Payment Activity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		111,000
2023	129,000	404,000
2022	400,000	118,000
2021	154,000	31,000
2020	21,000	41,000
Prior	48,000	10,000
Total	$ 752,000	$ 715,000

Loans Receivable and Allowan_11

Loans Receivable and Allowance for Credit Losses (Loan Modifications Made to Borrowers) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Principal Payment Deferral [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 9,782,000
Principal Payment Adjustment [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	399,000
Combination - Term Extension and Interest Rate Adjustment [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	42,000
Commercial Real Estate Loans [Member] | Principal Payment Deferral [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 6,509,000
% of Total Class of Financing Receivable	0.94%
Modified weighted average term	6 months
Commercial Real Estate Loans [Member] | Principal Payment Adjustment [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 399,000
% of Total Class of Financing Receivable	0.06%
Commercial Loans [Member] | Principal Payment Deferral [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 3,243,000
% of Total Class of Financing Receivable	1.59%
Modified weighted average term	6 months
Consumer Loans [Member] | Principal Payment Deferral [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 30,000
% of Total Class of Financing Receivable	0.01%
Modified weighted average term	6 months
Residential Real Estate Loans [Member] | Combination - Term Extension and Interest Rate Adjustment [Member]
Financing Receivable, Modified [Line Items]
Amortized Cost Basis	$ 42,000
% of Total Class of Financing Receivable	0.01%
Residential Real Estate Loans [Member] | Combination - Term Extension and Interest Rate Adjustment [Member] | New Loans Granted [Member]
Financing Receivable, Modified [Line Items]
Weighted average term	180 months	240 months
Weighted average interest rate	9.25%	4.75%

Loans Receivable and Allowan_12

Loans Receivable and Allowance for Credit Losses (Loan Concentrations by Industry) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 1,621,680,000	$ 1,603,877,000
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	691,755,000	675,156,000
Commercial Real Estate Loans [Member] | Loans Receivable [Member] | Commercial Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 148,899,000
Percent of Loans Outstanding	9.18%
Residential Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 313,531,000	316,546,000
Residential Real Estate Loans [Member] | Loans Receivable [Member] | Residential Rentals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 113,474,000
Percent of Loans Outstanding	7%
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 271,231,000	264,321,000
Consumer Loans [Member] | Loans Receivable [Member] | Hotels/Motels [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 92,138,000
Percent of Loans Outstanding	5.68%
Consumer Loans [Member] | Loans Receivable [Member] | Dairy Cattle/Milk Product [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 47,430,000
Percent of Loans Outstanding	2.93%
Consumer Loans [Member] | Loans Receivable [Member] | Fuel/Gas Stations [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 46,552,000
Percent of Loans Outstanding	2.87%
Consumer Loans [Member] | Loans Receivable [Member] | Government Support [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 26,914,000
Percent of Loans Outstanding	1.66%
Consumer Loans [Member] | Loans Receivable [Member] | Mobile Home Park [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 27,861,000
Percent of Loans Outstanding	1.72%
Consumer Loans [Member] | Loans Receivable [Member] | Wineries [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 23,863,000
Percent of Loans Outstanding	1.47%
Consumer Loans [Member] | Loans Receivable [Member] | Camps [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 25,647,000
Percent of Loans Outstanding	1.58%
Consumer Loans [Member] | Loans Receivable [Member] | Resorts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 20,154,000
Percent of Loans Outstanding	1.24%
Construction Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 47,409,000	$ 51,453,000
Construction Real Estate Loans [Member] | Loans Receivable [Member] | Builders/Contractors [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Outstanding Loans	$ 39,878,000
Percent of Loans Outstanding	2.46%

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) item	Mar. 31, 2023 USD ($)
Operating Leases [Abstract]
Number of operating leases | item	7
Lease, Cost	$ 181,000	$ 176,000
Operating Lease, Liability	$ 3,882,000

Operating Leases (Lease Cost) (

Operating Leases (Lease Cost) (Details)	Mar. 31, 2024
Operating Leases [Abstract]
Weighted-average remaining term	9 years 4 months 24 days
Weighted-average discount rate	2.58%

Operating Leases (Undiscounted

Operating Leases (Undiscounted Cash Flows Due) (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Operating Leases [Abstract]
2024	$ 500
2025	680
2026	524
2027	401
2028	401
2029 and thereafter	2,013
Total undiscounted cash flows	4,519
Discount on cash flows	637
Total lease liabilities	$ 3,882

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities (Narrative) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of impaired loans requiring a valuation allowance | loan	41	33
Fair Value	$ 3,666,000	$ 7,487,000
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	3,332,000	7,069,000
Impaired Loans, Cumulative Charge-Offs	$ 471,000	$ 5,277,000
Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans with related allowance | loan	17	21
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 403,000	$ 553,000
Valuation allowance	69,000	135,000
Impaired Loans, Cumulative Charge-Offs	$ 0	$ 0

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities (Fair Value, Assets Measured on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	$ 44,676	$ 53,600
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	44,676	53,600
U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	19,828	15,996
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	19,828	15,996
States And Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	128,267	129,479
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	128,267	129,479
Mortgage-backed Securities-Government Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	205,603	207,184
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	205,603	207,184
Interest Rate Derivatives [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	1,336	1,225
LIABILITIES	1,336	1,225
Interest Rate Derivatives [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
ASSETS	1,336	1,225
LIABILITIES	$ 1,336	$ 1,225

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities (Fair Value, Assets and Liabilities Measured on Nonrecurring Basis) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 3,666,000	$ 7,487,000
Fair Value, Nonrecurring [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	3,666,000	7,487,000
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	3,666,000	7,487,000
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	97,000	97,000
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	$ 97,000	$ 97,000

Fair Values of Assets and Lia_6

Fair Values of Assets and Liabilities (Additional Qualitative Information about Level 3 Assets) (Details)	Mar. 31, 2024 USD ($) item	Dec. 31, 2023 USD ($) item
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 3,666,000	$ 7,487,000
Impaired Loans [Member] | Appraisal of collateral [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure | $	$ 3,666,000	$ 7,487,000
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	0.100	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	0.100	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	0.100	0.0268
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 | $	$ 97,000	$ 97,000
Foreclosed Real Estate Owned [Member] | Minimum [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	0.100	0.1667
Foreclosed Real Estate Owned [Member] | Maximum [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	0.100	0.3720
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	0.100	0.2807

Fair Values of Assets and Lia_7

Fair Values of Assets and Liabilities (Fair Value, by Balance Sheet Grouping) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Cash and cash equivalents, Fair Value Disclosure	$ 111,963,000	$ 66,120,000
Financial assets: Loans receivable, net, Fair Value Disclosure	1,535,585,000	1,521,667,000
Financial assets: Mortgage servicing rights, Fair Value Disclosure	506,000	506,000
Financial assets: Regulatory stock, Fair Value Disclosure	6,545,000	7,318,000
Financial assets: Bank owned life insurance, Fair Value Disclosure	45,869,000	46,439,000
Financial assets: Accrued interest receivable, Fair Value Disclosure	8,135,000	8,123,000
Financial liabilities: Deposits, Fair Value Disclosure	1,832,638,000	1,800,104,000
Financial liabilities: Short-term borrowings, Fair Value Disclosure	60,055,000	74,076,000
Financial liabilities: Other borrowings, Fair Value Disclosure	150,963,000	124,058,000
Financial liabilities: Accrued interest payable, Fair Value Disclosure	11,737,000	10,510,000
Financial assets: Cash and cash equivalents	111,963,000	66,120,000	$ 29,015,000	$ 31,866,000
Financial assets: Loans receivable, net	1,603,428,000	1,584,650,000
Financial assets: Mortgage servicing rights	172,000	188,000
Financial assets: Regulatory stock	6,545,000	7,318,000
Financial assets: Bank owned life insurance	45,869,000	46,439,000
Financial assets: Accrued interest receivable	8,135,000	8,123,000
Financial liabilities: Deposits	1,838,998,000	1,795,159,000
Financial liabilities: Short-term borrowings	60,055,000	74,076,000
Financial liabilities: Other borrowings	151,179,000	124,236,000
Financial liabilities: Accrued interest payable	11,737,000	10,510,000
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	111,963,000	66,120,000
Financial assets: Regulatory stock, Fair Value Disclosure	6,545,000	7,318,000
Financial assets: Bank owned life insurance, Fair Value Disclosure	45,869,000	46,439,000
Financial assets: Accrued interest receivable, Fair Value Disclosure	8,135,000	8,123,000
Financial liabilities: Deposits, Fair Value Disclosure	1,080,822,000	1,086,050,000
Financial liabilities: Short-term borrowings, Fair Value Disclosure	60,055,000	74,076,000
Financial liabilities: Accrued interest payable, Fair Value Disclosure	11,737,000	10,510,000
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets: Loans receivable, net, Fair Value Disclosure	1,535,585,000	1,521,667,000
Financial assets: Mortgage servicing rights, Fair Value Disclosure	506,000	506,000
Financial liabilities: Deposits, Fair Value Disclosure	751,816,000	714,054,000
Financial liabilities: Other borrowings, Fair Value Disclosure	$ 150,963,000	$ 124,058,000

Interest Rate Swaps (Narrative)

Interest Rate Swaps (Narrative) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
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	$ 350,000	$ 350,000
Derivative Asset	$ 1,336,000	$ 1,225,000

Interest Rate Swaps (Summary of

Interest Rate Swaps (Summary of Derivatives) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Customer Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 10,016	$ 10,177
Fair Value	1,336	1,225
Customer Interest Rate Swap [Member] | SOFR [Member] | Maturing November, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6,051	6,145
Fair Value	814	746
Customer Interest Rate Swap [Member] | SOFR [Member] | Maturing December, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	3,965	4,032
Fair Value	522	479
Third Party Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	10,016	10,177
Fair Value	1,336	1,225
Third Party Interest Rate Swap [Member] | SOFR [Member] | Maturing November, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6,051	6,145
Fair Value	814	746
Third Party Interest Rate Swap [Member] | SOFR [Member] | Maturing December, 2030 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	3,965	4,032
Fair Value	$ 522	$ 479

Interest Rate Swaps (Fair Value

Interest Rate Swaps (Fair Value of Derivative Instruments) (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
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	$ 1,336,000	$ 1,225,000
Liabilities	$ 1,336,000	$ 1,225,000