Penns Woods Bancorp (PWOD) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	0-17077
Entity Registrant Name	PENNS WOODS BANCORP INC
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	300 Market Street, P.O. Box 967
Entity Tax Identification Number	23-2226454
Entity Address, City or Town	Williamsport
Entity Address, State or Province	PA
Postal Zip Code	17703-0967
City Area Code	570
Local Phone Number	322-1111
Title of 12(b) Security	Common stock, $5.55 par value
Trading Symbol	PWOD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Other Identification Type	Yes
Entity Filer Category	Non-accelerated Filer
Smaller Reporting Company	true
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		7,052,242
Entity Central Index Key	0000716605
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEET (UNA

CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS:
Noninterest-bearing balances	$ 26,540	$ 19,233
Interest-bearing balances in other financial institutions	24,452	194,629
Federal funds sold	40,000	50,000
Total cash and cash equivalents	90,992	263,862
Investment debt securities, available for sale, at fair value	192,438	166,410
Investment equity securities, at fair value	1,186	1,288
Restricted investment in bank stock	13,458	14,531
Loans held for sale	3,857	3,725
Loans	1,489,132	1,392,147
Allowance for loan losses	(14,393)	(14,176)
Loans, net	1,474,739	1,377,971
Premises and equipment, net	32,671	34,025
Accrued interest receivable	8,246	8,048
Bank-owned life insurance	34,115	33,768
Investment in limited partnerships	4,901	4,607
Goodwill	17,104	17,104
Intangibles	396	480
Operating lease right-of-use asset	2,747	2,851
Deferred tax asset	5,689	2,946
Other assets	9,267	9,193
TOTAL ASSETS	1,891,806	1,940,809
LIABILITIES:
Interest-bearing deposits	1,065,291	1,126,955
Noninterest-bearing deposits	524,288	494,360
Total deposits	1,589,579	1,621,315
Short-term borrowings	5,464	5,747
Long-term borrowings	112,874	125,963
Accrued interest payable	452	651
Operating lease liability	2,800	2,898
Other liabilities	14,583	11,961
TOTAL LIABILITIES	1,725,752	1,768,535
SHAREHOLDERS’ EQUITY:
Preferred stock, no par value, 3,000,000 shares authorized; no shares issued	0	0
Common stock, par value $5.55, 22,500,000 shares authorized; 7,559,165 and 7,550,272 shares issued; 7,048,940 and 7,070,047 outstanding	41,995	41,945
Additional paid-in capital	53,651	53,795
Retained earnings	92,903	89,761
Accumulated other comprehensive loss:
Net unrealized (loss) gain on available for sale securities	(6,222)	2,373
Defined benefit plan	(3,458)	(3,485)
Treasury stock at cost, 510,225 and 480,225	(12,815)	(12,115)
TOTAL SHAREHOLDERS' EQUITY	166,054	172,274
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,891,806	$ 1,940,809

CONSOLIDATED BALANCE SHEET (U_2

CONSOLIDATED BALANCE SHEET (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 5.55	$ 5.55
Common stock, shares authorized (in shares)	22,500,000	22,500,000
Common stock, shares issued (in shares)	7,559,165	7,550,272
Common stock, shares outstanding (in shares)	7,048,940	7,070,047
Treasury stock (in shares)	510,225	480,225

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 13,620	$ 13,099	$ 26,658	$ 26,444
Investment securities:
Taxable	864	838	1,601	1,657
Tax-exempt	194	164	358	335
Dividend and other interest income	506	305	842	565
TOTAL INTEREST AND DIVIDEND INCOME	15,184	14,406	29,459	29,001
INTEREST EXPENSE:
Deposits	710	1,489	1,498	3,173
Short-term borrowings	2	2	3	4
Long-term borrowings	625	820	1,258	1,659
TOTAL INTEREST EXPENSE	1,337	2,311	2,759	4,836
NET INTEREST INCOME	13,847	12,095	26,700	24,165
PROVISION FOR LOAN LOSSES	330	350	480	865
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	13,517	11,745	26,220	23,300
NON-INTEREST INCOME:
Net debt securities (losses) gains, available for sale	(10)	137	(12)	275
Net equity securities (losses) gains	(44)	3	(103)	(16)
Bank-owned life insurance	161	162	331	335
Gain on sale of loans	266	670	611	1,578
Other	228	307	435	401
TOTAL NON-INTEREST INCOME	2,137	2,909	4,549	5,523
NON-INTEREST EXPENSE:
Salaries and employee benefits	6,141	5,672	12,405	11,270
Occupancy	740	717	1,650	1,693
Furniture and equipment	746	971	1,638	1,780
Software amortization	219	208	472	406
Pennsylvania shares tax	396	372	785	724
Professional fees	582	684	1,120	1,267
Federal Deposit Insurance Corporation deposit insurance	228	264	430	485
Marketing	220	140	284	203
Intangible amortization	41	50	85	103
Other	1,107	1,170	2,558	2,268
TOTAL NON-INTEREST EXPENSE	10,420	10,248	21,427	20,199
INCOME BEFORE INCOME TAX PROVISION	5,234	4,406	9,342	8,624
INCOME TAX PROVISION	1,003	813	1,679	1,584
CONSOLIDATED NET INCOME	4,231	3,593	7,663	7,040
Less: Net income attributable to noncontrolling interest	0	5	0	11
NET INCOME ATTRIBUTABLE TO PENNS WOODS BANCORP, INC.	$ 4,231	$ 3,588	$ 7,663	$ 7,029
Earnings per share - basic (in dollars per share)	$ 0.60	$ 0.51	$ 1.08	$ 1
Earnings per share - diluted (in dollars per share)	$ 0.60	$ 0.51	$ 1.08	$ 1
Weighted average shares outstanding - basic (in shares)	7,059,045	7,059,667	7,065,772	7,057,404
Weighted average shares outstanding - diluted (in shares)	7,059,045	7,059,667	7,065,772	7,057,404
Service charges
NON-INTEREST INCOME:
Revenue from contract with customer	$ 509	$ 379	$ 1,004	$ 762
Insurance commissions
NON-INTEREST INCOME:
Revenue from contract with customer	107	150	277	307
Brokerage commissions
NON-INTEREST INCOME:
Revenue from contract with customer	158	207	358	426
Loan broker commissions
NON-INTEREST INCOME:
Revenue from contract with customer	371	496	912	677
Debit card income
NON-INTEREST INCOME:
Revenue from contract with customer	$ 391	$ 398	$ 736	$ 778

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 4,231	$ 3,588	$ 7,663	$ 7,029
Other comprehensive income (loss):
Unrealized (loss) gain on available for sale securities	(3,995)	1,390	(10,892)	(521)
Tax effect	839	(292)	2,287	109
Net realized loss (gain) on available for sale securities included in net income	10	(137)	12	(275)
Tax effect	(2)	29	(2)	58
Amortization of unrecognized pension loss	18	47	35	93
Tax effect	(4)	(10)	(8)	(20)
Total other comprehensive (loss) income	(3,134)	1,027	(8,568)	(556)
Comprehensive (loss) income	$ 1,097	$ 4,615	$ (905)	$ 6,473

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	COMMON STOCK	ADDITIONAL PAID-IN CAPITAL	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE LOSS	TREASURY STOCK	NON-CONTROLLING INTEREST
Beginning balance (in shares) at Dec. 31, 2020		7,532,576
Beginning balance at Dec. 31, 2020	$ 164,146	$ 41,847	$ 52,523	$ 82,769	$ (882)	$ (12,115)	$ 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,040			7,029			11
Other comprehensive income	(556)				(556)
Stock-based compensation	527		527
Dividends declared	(4,517)			(4,517)
Common shares issued for employee stock purchase plan (in shares)		1,984
Common shares issued for employee stock purchase plan	45	$ 11	34
Director compensation plan (in shares)		7,067
Director Compensation Plan	160	$ 39	121
Distributions to noncontrolling interest	(10)						(10)
Ending balance (in shares) at Jun. 30, 2021		7,541,627
Ending balance at Jun. 30, 2021	166,835	$ 41,897	53,205	85,281	(1,438)	(12,115)	5
Beginning balance (in shares) at Mar. 31, 2021		7,537,242
Beginning balance at Mar. 31, 2021	164,063	$ 41,873	52,818	83,948	(2,465)	(12,115)	4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	3,593			3,588			5
Other comprehensive income	1,027				1,027
Stock-based compensation	307		307
Dividends declared	(2,255)			(2,255)
Common shares issued for employee stock purchase plan (in shares)		1,045
Common shares issued for employee stock purchase plan	25	$ 6	19
Director compensation plan (in shares)		3,340
Director Compensation Plan	79	$ 18	61
Distributions to noncontrolling interest	(4)						(4)
Ending balance (in shares) at Jun. 30, 2021		7,541,627
Ending balance at Jun. 30, 2021	166,835	$ 41,897	53,205	85,281	(1,438)	(12,115)	5
Beginning balance (in shares) at Dec. 31, 2021		7,550,272
Beginning balance at Dec. 31, 2021	172,274	$ 41,945	53,795	89,761	(1,112)	(12,115)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,663			7,663
Other comprehensive income	(8,568)				(8,568)
Stock-based compensation	768		768
Cash settlement of options	(1,074)		(1,074)
Dividends declared	(4,521)			(4,521)
Common shares issued for employee stock purchase plan (in shares)		1,903
Common shares issued for employee stock purchase plan	44	$ 11	33
Director compensation plan (in shares)		6,990
Director Compensation Plan	168	$ 39	129
Purchase of treasure stock (in dollars)	(700)					(700)
Ending balance (in shares) at Jun. 30, 2022		7,559,165
Ending balance at Jun. 30, 2022	166,054	$ 41,995	53,651	92,903	(9,680)	(12,815)	0
Beginning balance (in shares) at Mar. 31, 2022		7,554,567
Beginning balance at Mar. 31, 2022	168,427	$ 41,969	54,191	90,928	(6,546)	(12,115)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,231			4,231
Other comprehensive income	(3,134)				(3,134)
Stock-based compensation	453		453
Cash settlement of options	(1,074)		(1,074)
Dividends declared	(2,256)			(2,256)
Common shares issued for employee stock purchase plan (in shares)		1,023
Common shares issued for employee stock purchase plan	23	$ 6	17
Director compensation plan (in shares)		3,575
Director Compensation Plan	84	$ 20	64
Purchase of treasure stock (in dollars)	(700)					(700)
Ending balance (in shares) at Jun. 30, 2022		7,559,165
Ending balance at Jun. 30, 2022	$ 166,054	$ 41,995	$ 53,651	$ 92,903	$ (9,680)	$ (12,815)	$ 0

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) (Parenthetical) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.32	$ 0.32	$ 0.64	$ 0.64
Purchase of treasury stock (in shares)	30		30

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net Income	$ 7,663	$ 7,040
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,833	1,644
Write down of leasehold improvements	254	0
Amortization of intangible assets	85	103
Provision for loan losses	480	865
Stock based compensation	768	527
Accretion and amortization of investment security discounts and premiums	655	531
Net securities losses (gains), available for sale	12	(275)
Originations of loans held for sale	(21,248)	(55,058)
Proceeds of loans held for sale	21,727	56,948
Gain on sale of loans	(611)	(1,578)
Net equity securities losses	99	19
Net securities losses (gains), trading	4	(3)
Security trades payable	896	0
Earnings on bank-owned life insurance	(331)	(335)
Increase in deferred tax asset	(458)	(931)
Other, net	(1,453)	(2,556)
Net cash provided by operating activities	10,375	6,941
INVESTING ACTIVITIES:
Proceeds from sales of available for sale securities	0	13,574
Proceeds from calls and maturities of available for sale securities	7,500	7,566
Purchases of available for sale securities	(43,812)	(31,714)
Net (increase) decrease in loans	(97,345)	6,150
Acquisition of premises and equipment	(157)	(513)
Proceeds from the sale of premises and equipment	137	2
Proceeds from the sale of foreclosed assets	46	246
Purchase of bank-owned life insurance	(18)	(26)
Proceeds from bank-owned life insurance death benefit	2	0
Investment in limited partnership	(554)	(851)
Proceeds from redemption of regulatory stock	4,385	1,411
Purchases of regulatory stock	(3,312)	(1,154)
Net cash used for investing activities	(133,128)	(5,309)
FINANCING ACTIVITIES:
Net (decrease) increase in interest-bearing deposits	(61,664)	41,266
Net increase in noninterest-bearing deposits	29,928	27,987
Repayment of long-term borrowings	(13,000)	(15,000)
Net (decrease) increase in short-term borrowings	(283)	2,276
Finance lease principal payments	(89)	(77)
Dividends paid	(4,521)	(4,517)
Distributions to non-controlling interest	0	(10)
Issuance of common stock	212	205
Purchases of treasury stock	(700)	0
Net cash (used for) provided by financing activities	(50,117)	52,130
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(172,870)	53,762
CASH AND CASH EQUIVALENTS, BEGINNING	263,862	213,358
CASH AND CASH EQUIVALENTS, ENDING	90,992	267,120
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	2,958	4,987
Income taxes paid	1,121	2,375
Non-cash investing and financing activities:
Right-of-use lease assets obtained in exchange for lessee finance lease liabilities	0	2,653
Transfer of loans to foreclosed real estate	$ 97	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Penns Woods Bancorp, Inc. (the “Company”) and its wholly-owned subsidiaries: Woods Investment Company, Inc., Woods Real Estate Development Company, Inc., United Insurance Solutions, LLC., Luzerne Bank, and Jersey Shore State Bank (Jersey Shore State Bank and Luzerne Bank are referred to together as the “Banks”) and Jersey Shore State Bank’s wholly-owned subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group (“The M Group”). All significant inter-company balances and transactions have been eliminated in the consolidation. The interim financial statements are unaudited, but in the opinion of management reflect all adjustments necessary for the fair presentation of results for such periods. The results of operations for any interim period are not necessarily indicative of results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. In reference to the attached financial statements, all adjustments are of a normal recurring nature pursuant to Rule 10-01(b) (8) of Regulation S-X.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component shown net of tax and parenthesis indicating debits, as of June 30, 2022 and 2021 were as follows: Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 (In Thousands) Net Unrealized (Loss) Gain on Available Defined Total Net Unrealized Gain (Loss) on Available Defined Total Beginning balance $ (3,074) $ (3,472) $ (6,546) $ 3,095 $ (5,560) $ (2,465) Other comprehensive (loss) gain before reclassifications (3,156) — (3,156) 1,098 — 1,098 Amounts reclassified from accumulated other comprehensive (loss) gain 8 14 22 (108) 37 (71) Net current-period other comprehensive (loss) income (3,148) 14 (3,134) 990 37 1,027 Ending balance $ (6,222) $ (3,458) $ (9,680) $ 4,085 $ (5,523) $ (1,438) Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 (In Thousands) Net Unrealized Gain (Loss) on Available for Sale Securities Defined Total Net Unrealized Gain (Loss) on Available Defined Total Beginning balance $ 2,373 $ (3,485) $ (1,112) $ 4,714 $ (5,596) $ (882) Other comprehensive loss before reclassifications (8,605) — (8,605) (412) — (412) Amounts reclassified from accumulated other comprehensive gain (loss) 10 27 37 (217) 73 (144) Net current-period other comprehensive (loss) income (8,595) 27 (8,568) (629) 73 (556) Ending balance $ (6,222) $ (3,458) $ (9,680) $ 4,085 $ (5,523) $ (1,438) The reclassifications out of accumulated other comprehensive loss shown, net of tax and parenthesis indicating debits to net income, as of June 30, 2022 and 2021 were as follows: Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Net unrealized (loss) gain on available for sale securities $ (10) $ 137 Net debt securities (losses) gains, available for sale Income tax effect 2 (29) Income tax provision Total reclassifications for the period $ (8) $ 108 Net unrecognized pension costs $ (18) $ (47) Other non-interest expense Income tax effect 4 10 Income tax provision Total reclassifications for the period $ (14) $ (37) Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Six months ended June 30, 2022 Six months ended June 30, 2021 Net unrealized (losses) gain on available for sale securities $ (12) $ 275 Net debt securities (losses) gains, available for sale Income tax effect 2 (58) Income tax provision Total reclassifications for the period $ (10) $ 217 Net unrecognized pension costs $ (35) $ (93) Other non-interest expense Income tax effect 8 20 Income tax provision Total reclassifications for the period $ (27) $ (73)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This Update is effective for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company has contracted with a third-party software vendor to assist with the development of our approach in determining the calculations under the new guidance. The Company is currently refining the expected credit losses calculation along with process documentation and data validation testing. We expect to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of January 1, 2023. The Company recognizes that this one-time adjustment may be material but currently the impact to the financial statements is unknown. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment . To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Update is effective for smaller reporting companies and all other entities for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Derivatives, and Hedging (Topic 815); and Financial Instruments (Topic 825), which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. ASU 2019-04 makes clarifying amendments to certain financial instrument standards. For entities that have not yet adopted ASU 2016-13, the effective dates for the amendments related to ASU 2016-13 are the same as the effective dates in ASU 2016-13. For entities that have adopted ASU 2016-13, the amendments related to ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2017-12 as of April 25, 2019, the effective dates for the amendments to Topic 815 are the same as the effective dates in ASU 2017-12. For entities that have adopted ASU 2017-12 as of April 25, 2019, the effective date is as of the beginning of the first annual period beginning after April 25, 2019. The amendments related to ASU 2016-01 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses (Topic 326) , which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for applying the fair value option in ASC 825-10.3. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted the credit losses standard, the ASU is effective when they implement the credit losses standard. For entities that already have adopted the credit losses standard, the ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt ASU 2016-13. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. For entities that have not yet adopted ASU 2016-13 as of November 26, 2019, the effective dates for ASU 2019-11 are the same as the effective dates and transition requirements in ASU 2016-13. For entities that have adopted ASU 2016-13, ASU 2019-11 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In March 2020, the FASB issued ASU 2020-03 , Codification Improvements to Financial Instruments. This ASU was issued to improve and clarify various financial instruments topics, including the current expected credit losses (CECL) standard issued in 2016. The ASU includes seven issues that describe the areas of improvement and the related amendments to GAAP; they are intended to make the standards easier to understand and apply and to eliminate inconsistencies, and they are narrow in scope and are not expected to significantly change practice for most entities. Among its provisions, the ASU clarifies that all entities, other than public business entities that elected the fair value option, are required to provide certain fair value disclosures under ASC 825, Financial Instruments , in both interim and annual financial statements. It also clarifies that the contractual term of a net investment in a lease under Topic 842 should be the contractual term used to measure expected credit losses under Topic 326. Amendments related to ASU 2019-04 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is not permitted before an entity’s adoption of ASU 2016-01. Amendments related to ASU 2016-13 for entities that have not yet adopted that guidance are effective upon adoption of the amendments in ASU 2016-13. Early adoption is not permitted before an entity’s adoption of ASU 2016-13. Amendments related to ASU 2016-13 for entities that have adopted that guidance are effective for fiscal years beginning after December 15, 2019, including interim periods within those years. Other amendments are effective upon issuance of this ASU. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 , to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a one-time election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. It is too early to predict whether a new rate index replacement and the adoption of the ASU will have a material impact on the Company’s financial statements. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. This ASU removes from U.S. GAAP the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. As a result, entities will not separately present in equity an embedded conversion feature in such debt. Instead, they will account for a convertible debt instrument wholly as debt, and for convertible preferred stock wholly as preferred stock (i.e., as a single unit of account), unless (1) a convertible instrument contains features that require bifurcation as a derivative under ASC 815 or (2) a convertible debt instrument was issued at a substantial premium. This ASU requires entities to provide expanded disclosures about the terms and features of convertible instruments, how the instruments have been reported in the entity’s financial statements, and information about events, conditions, and circumstances that can affect how to assess the amount or timing of an entity’s future cash flows related to those instruments. The amendments in this ASU are effective for public business entities that are not smaller reporting companies, for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, this ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The guidance may be early adopted for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In November 2020, the FASB issued ASU 2020-11, Financial Services – Insurance (Topic 944), which was made in consideration of the implications of the Coronavirus Disease 2019 (COVID-19) pandemic on an insurance entity’s ability to effectively implement the amendments in Accounting Standards Update No. 2018-12, Financial Services— Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI). The amendments in this Update defer the effective date of LDTI for all entities by one year, as (1) for public business entities that meet the definition of an SEC filer and are not SRCs, LDTI is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years; and (2) for all other entities, LDTI is effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025. This Update is not expected to have a significant impact on the Company’s financial statements. In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842), which amends ASC 842 so that lessors are no longer required to recognize a selling loss upon commencement of a lease with variable lease payments that, prior to the amendments, would have been classified as a sales-type or direct financing lease. Furthermore, a lessor must classify as an operating lease any lease that would otherwise be classified as a sales-type or direct financing lease and that would result in the recognition of a selling loss at lease commencement, provided that the lease includes variable lease payments that do not depend on an index or rate. For public business entities and certain not-for-profit entities and employee benefit plans that have adopted ASC 842, the amendments are effective for fiscal years beginning after December 15, 2021, and for interim periods within those fiscal years. For all other entities that have adopted ASC 842, the amendments are effective for fiscal years beginning after December 15, 2021, and for interim periods within fiscal years beginning after December 15, 2022. All entities that have adopted ASC 842 are permitted to early adopt the amendments in ASU 2021-05. The amendments in ASU 2021-05 are effective as of the same date as the guidance in ASC 842 for entities that have not adopted ASC 842. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures . The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of existing loan. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current-period gross writeoffs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments in Update 2016-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption using prospective application, including adoption in an interim period where the guidance should be applied as of the beginning of the fiscal year. This Update is not expected to have a significant impact on the Company’s financial statements. In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820) – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This amendment clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. It also introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments are effective for fiscal years beginning after

Per Share Data

Per Share Data	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Per Share Data	Per Share DataThere are no convertible securities which would affect the denominator in calculating basic and dilutive earnings per share. There were a total of 919,250 stock options, with an average exercise price of $25.36, outstanding on June 30, 2022. These options were excluded, on a weighted average basis, in the computation of diluted earnings per share for the period due to the average market price of common shares of $23.78 being less than the exercise price of the options issued. There were a total of 1,075,775 stock options, with an average exercise price of $27.31 that were excluded, on a weighted average basis, in the computation of diluted earnings per share for the period due to the average market price of common shares of $24.43 being less than the strike price for the period ending June 30, 2021. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Weighted average common shares issued 7,557,402 7,539,892 7,555,113 7,537,629 Weighted average treasury stock shares (498,357) (480,225) (489,341) (480,225) Weighted average common shares outstanding - basic and diluted 7,059,045 7,059,667 7,065,772 7,057,404

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost, gross unrealized gains and losses, and fair values of our investment securities portfolio at June 30, 2022 and December 31, 2021 are as follows: June 30, 2022 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): U.S. Government and agency securities $ 1,007 $ — $ (27) $ 980 Mortgage-backed securities 1,520 — (145) 1,375 State and political securities 150,303 203 (5,358) 145,148 Other debt securities 47,484 12 (2,561) 44,935 Total debt securities $ 200,314 $ 215 $ (8,091) $ 192,438 Investment equity securities: Equity securities $ 1,350 $ — $ (164) $ 1,186 December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): Mortgage-backed securities $ 1,752 $ — $ (5) $ 1,747 State and political securities 113,852 3,500 (694) 116,658 Other debt securities 47,802 524 (321) 48,005 Total debt securities $ 163,406 $ 4,024 $ (1,020) $ 166,410 Investment equity securities: Equity securities $ 1,350 $ — $ (62) $ 1,288 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time, that the individual debt securities have been in a continuous unrealized loss position, at June 30, 2022 and December 31, 2021. June 30, 2022 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): U.S. Government and agency securities $ 980 $ (27) $ — $ — $ 980 $ (27) Mortgage-backed securities 1,375 (145) — — 1,375 (145) State and political securities 100,753 (3,945) 12,228 (1,413) 112,981 (5,358) Other debt securities 35,886 (1,937) 6,731 (624) 42,617 (2,561) Total debt securities $ 138,994 $ (6,054) $ 18,959 $ (2,037) $ 157,953 $ (8,091) December 31, 2021 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): Mortgage-backed securities $ 1,747 $ (5) $ — $ — $ 1,747 $ (5) State and political securities 34,203 (398) 7,408 (296) 41,611 (694) Other debt securities 21,446 (301) 1,808 (20) 23,254 (321) Total debt securities $ 57,396 $ (704) $ 9,216 $ (316) $ 66,612 $ (1,020) At June 30, 2022, there were a total of 209 securities in a continuous unrealized loss position for less than twelve months and 30 individual securities that were in a continuous unrealized loss position for twelve months or greater. The Company reviews its position quarterly and has determined that, at June 30, 2022, the declines outlined in the above table represent temporary declines and the Company does not intend to sell, and does not believe it will be required to sell, these securities before recovery of their cost basis, which may be at maturity. The Company has concluded that the unrealized losses disclosed above are not other than temporary but are the result of interest rate changes, sector credit ratings changes, or company-specific ratings changes that are not expected to result in the non-collection of principal and interest during the period. The amortized cost and fair value of debt securities at June 30, 2022, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value Due in one year or less $ 12,892 $ 12,827 Due after one year to five years 116,729 112,732 Due after five years to ten years 67,668 63,997 Due after ten years 3,025 2,882 Total $ 200,314 $ 192,438 Total gross proceeds from sales of debt securities available for sale for the six months ended June 30, 2022 was $0, compared to $13,574,000 for the corresponding 2021 period. The following table represents gross realized gains and losses from the sales of debt securities available for sale: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Available for sale (AFS): Gross realized gains: U.S. Government and agency securities $ — $ — $ — $ — Mortgage-backed securities — — — — State and political securities 13 — 14 — Other debt securities — 137 — 275 Total gross realized gains $ 13 $ 137 $ 14 $ 275 Gross realized losses: State and political securities $ 23 $ — $ 26 $ — Other debt securities — — — — Total gross realized losses $ 23 $ — $ 26 $ — There were no impairment charges included in gross realized losses for the three and six months ended June 30, 2022 and 2021, respectively. Investment securities with a carrying value of approximately $171,435,000 and $139,435,000 at June 30, 2022 and December 31, 2021, respectively, were pledged to secure certain deposits, repurchase agreements, and for other purposes as required by law. At June 30, 2022 and December 31, 2021, we had $1,186,000 and $1,288,000, respectively, in equity securities recorded at fair value. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Net (losses) gains recognized in equity securities during the period $ (44) $ 3 $ (103) $ (16) Less: Net gains realized on the sale of equity securities during the period — — — — Unrealized (losses) gains recognized in equity securities held at reporting date $ (44) $ 3 $ (103) $ (16)

Loans

Loans	6 Months Ended
	Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]
Loans	LoansManagement segments the Banks' loan portfolio to a level that enables risk and performance monitoring according to similar risk characteristics. Loans are segmented based on the underlying collateral characteristics. Categories include commercial, financial, and agricultural, real estate, and installment loans. Real estate loans are further segmented into three categories: residential, commercial, and construction, while installment loans are classified as either consumer automobile loans or other installment loans. The following table presents the related aging categories of loans, by segment, as of June 30, 2022 and December 31, 2021: June 30, 2022 Past Due Past Due 90 30 To 89 Days Or More Non- (In Thousands) Current Days & Still Accruing Accrual Total Commercial, financial, and agricultural $ 178,479 $ 103 $ 3 $ 418 $ 179,003 Real estate mortgage: Residential 648,960 2,006 351 642 651,959 Commercial 459,923 141 — 3,605 463,669 Construction 47,018 — — — 47,018 Consumer automobile loans 136,830 759 67 14 137,670 Other consumer installment loans 9,604 29 — — 9,633 1,480,814 $ 3,038 $ 421 $ 4,679 1,488,952 Net deferred loan fees and discounts 180 180 Allowance for loan losses (14,393) (14,393) Loans, net $ 1,466,601 $ 1,474,739 December 31, 2021 Past Due Past Due 90 30 To 89 Days Or More Non- (In Thousands) Current Days & Still Accruing Accrual Total Commercial, financial, and agricultural $ 162,571 $ 139 $ — $ 575 $ 163,285 Real estate mortgage: Residential 590,240 4,083 687 837 595,847 Commercial 442,573 224 — 3,937 446,734 Construction 36,701 554 — 40 37,295 Consumer automobile loans 138,775 490 143 — 139,408 Other consumer installment loans 9,199 47 31 — 9,277 1,380,059 $ 5,537 $ 861 $ 5,389 1,391,846 Net deferred loan fees and discounts 301 301 Allowance for loan losses (14,176) (14,176) Loans, net $ 1,366,184 $ 1,377,971 Impaired Loans Impaired loans are loans for which it is probable the Banks will not be able to collect all amounts due according to the contractual terms of the loan agreement. The Banks individually evaluate such loans for impairment and do not aggregate loans by major risk classifications. The definition of “impaired loans” is not the same as the definition of “non-accrual loans,” although the two categories overlap. The Banks may choose to place a loan on non-accrual status due to payment delinquency or uncertain collectability, while not classifying the loan as impaired. Factors considered by management in determining impairment include payment status and collateral value. The amount of impairment for these types of loans is determined by the difference between the present value of the expected cash flows related to the loan, using the original interest rate, and its recorded value, or as a practical expedient in the case of collateralized loans, the difference between the fair value of the collateral and the recorded amount of the loan. When foreclosure is probable, impairment is measured based on the fair value of the collateral. Management evaluates individual loans in all of the commercial segments for possible impairment if the loan is greater than $100,000 and if the loan is either on non-accrual status or has a risk rating of substandard or worse. Management may also elect to measure an individual loans of less than $100,000 for impairment on a case-by-case basis. Mortgage loans on one-to-four family properties and consumer loans are measured for impairment collectively with the exception of loans identified as troubled debt restructurings. Loans that experience insignificant payment delays, which are defined as 90 days or less, generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis taking into consideration all circumstances surrounding the loan and the borrower including the length of the delay, the borrower’s prior payment record, and the amount of shortfall in relation to the principal and interest owed. Interest income for impaired loans is recorded consistent to the Banks' policy. The following table presents the recorded investment, unpaid principal balance, and related allowance of impaired loans by segment as of June 30, 2022 and December 31, 2021: June 30, 2022 Recorded Unpaid Principal Related (In Thousands) Investment Balance Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 316 $ 316 $ — Real estate mortgage: Residential 3,533 3,533 — Commercial 2,725 2,725 — Construction — — — Consumer automobile loans — — — Installment loans to individuals — — — 6,574 6,574 — With an allowance recorded: Commercial, financial, and agricultural 383 383 1 Real estate mortgage: Residential 1,177 1,177 192 Commercial 4,573 4,573 842 Construction — — — Consumer automobile loans 14 14 14 Installment loans to individuals 19 19 19 6,166 6,166 1,068 Total: Commercial, financial, and agricultural 699 699 1 Real estate mortgage: Residential 4,710 4,710 192 Commercial 7,298 7,298 842 Construction — — — Consumer automobile loans 14 14 14 Installment loans to individuals 19 19 19 $ 12,740 $ 12,740 $ 1,068 December 31, 2021 Recorded Unpaid Principal Related (In Thousands) Investment Balance Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 355 $ 355 $ — Real estate mortgage: Residential 3,874 3,874 — Commercial 3,105 3,105 — Construction 105 105 — Consumer automobile loans — — — Installment loans to individuals — — — 7,439 7,439 — With an allowance recorded: Commercial, financial, and agricultural 534 3,321 2 Real estate mortgage: Residential 1,178 1,178 201 Commercial 4,814 4,814 800 Construction — — — Consumer automobile loans — — — Installment loans to individuals 20 20 20 6,546 9,333 1,023 Total: Commercial, financial, and agricultural 889 3,676 2 Real estate mortgage: Residential 5,052 5,052 201 Commercial 7,919 7,919 800 Construction 105 105 — Consumer automobile loans — — — Installment loans to individuals 20 20 20 $ 13,985 $ 16,772 $ 1,023 The following table presents the average recorded investment in impaired loans and related interest income recognized for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Interest Income Average Interest Income Interest Income Commercial, financial, and agricultural $ 758 $ 5 $ — $ 1,641 $ 2 $ — Real estate mortgage: Residential 4,773 48 — 5,504 89 — Commercial 7,446 49 — 9,865 35 — Construction 32 — — 118 2 — Consumer automobile 7 1 — 76 — — Other consumer installment loans 19 — — 10 9 — $ 13,035 $ 103 $ — $ 17,214 $ 137 $ — Six Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Interest Income Average Interest Income Interest Income Commercial, financial, and agricultural $ 801 $ 10 $ — $ 1,382 $ 30 $ — Real estate mortgage: Residential 4,866 94 — 5,775 98 — Commercial 7,605 101 — 9,703 65 — Construction 56 1 — 120 3 — Consumer automobile 5 1 — 50 — — Other consumer installment loans 19 — — 6 9 — $ 13,352 $ 207 $ — $ 17,036 $ 205 $ — Troubled Debt Restructurings The loan portfolio also includes certain loans that have been modified in a Troubled Debt Restructuring (“TDR”), where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. There were no loan modifications considered to be TDRs completed during the three and six months ended June 30, 2022, respectively. There were three and five loan modifications considered TDRs completed during the three and six months ended June 30, 2021. Loan modifications that are considered TDRs completed during the three and six months ended June 30, 2021 were as follows: Three Months Ended June 30, 2021 (In Thousands, Except Number of Contracts) Number Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial, financial, and agricultural 1 $ 949 $ 949 Real estate mortgage: Residential 1 178 178 Commercial 1 730 730 Construction — — — 3 $ 1,857 $ 1,857 Six Months Ended June 30, 2021 (In Thousands, Except Number of Contracts) Number Pre-Modification Post-Modification Commercial, financial, and agricultural 1 $ 949 $ 949 Real estate mortgage: Residential 2 865 865 Commercial 2 855 855 Construction — — — 5 $ 2,669 $ 2,669 There was no loan modification considered to be a TDR made during the twelve months prior to June 30, 2022 that defaulted during the six months ended June 30, 2022. There was one loan modification considered to be a TDR made during the twelve months previous to June 30, 2021 that defaulted during the six months ended June 30, 2021. The defaulted loan type and recorded investments at June 30, 2021 were as follows: one residential real estate loan with a recorded investment of $687,000. Troubled debt restructurings amounted to $8,692,000 and $9,410,000 as of June 30, 2022 and December 31, 2021, respectively. The amount of foreclosed residential real estate held at June 30, 2022 and December 31, 2021, totaled $127,000 and $339,000, respectively. Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process at June 30, 2022 and December 31, 2021, totaled $165,000 and $193,000, respectively. The Company began offering short-term loan modifications to provide relief to borrowers during the COVID-19 national emergency. The CARES Act, along with a joint agency statement issued by federal and state banking agencies, provides that short-term modifications made in a good faith basis in response to COVID-19 to loans that are current at the time the modification program is implemented do not need to be accounted for as TDRs. Loan modifications and payment deferrals have been at historically high levels as the impact of the pandemic continues. As of June 30, 2022, the loan modification/deferral program in place has generated deferrals of up to 180 days that have been granted on 1,372 loans with no loan remaining in its deferral period. As of June 30, 2021, the loan modification/deferral program in place had generated deferrals of up to 180 days that were granted on 1,365 loans with 20 loans remaining in their deferral period with an aggregate outstanding balance of $7,931,000.These loan modifications met applicable requirements to not be considered TDRs. The Economic Aid to Hard-Hit Small Businesses, Non-profits and Venues Act (the “Economic Aid Act”) passed in December 2020 extended the CARES Act provisions permitting financial institutions to suspend TDR assessment and reporting requirements under generally accepted accounting principles until the earlier of 60 days after the date that the President terminates the COVID-19 national emergency or January 1, 2022. Internal Risk Ratings Management uses a ten point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six 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 evaluated for substandard classification. Loans in the doubtful category exhibit the same weaknesses found in the substandard loans; however, the weaknesses are more pronounced. Such loans are static and collection in full is improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. Loans classified as loss are considered uncollectible and charge-off is imminent. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Banks have a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the pass category unless a specific action, such as bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. An external semi-annual loan review of large commercial relationships is performed, as well as a sample of smaller transactions. The 2022 loan review will evaluate 55% of the Banks' average outstanding commercial portfolio which can consist of outstanding loans, commercial real estate mortgages and outstanding commitments. Detailed reviews, including plans for resolution, are performed on loans classified as substandard, doubtful, or loss on a quarterly basis. The following table presents the credit quality categories identified above as of June 30, 2022 and December 31, 2021: June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment loans (In Thousands) Residential Commercial Construction Totals Pass $ 176,987 $ 648,929 $ 450,530 $ 46,914 $ 137,656 $ 9,614 $ 1,470,630 Special Mention 180 273 5,147 — — — 5,600 Substandard 1,836 2,757 7,992 104 14 19 12,722 $ 179,003 $ 651,959 $ 463,669 $ 47,018 $ 137,670 $ 9,633 $ 1,488,952 December 31, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment loans (In Thousands) Residential Commercial Construction Totals Pass $ 160,899 $ 592,570 $ 432,158 $ 36,511 $ 139,408 $ 9,257 $ 1,370,803 Special Mention 234 284 6,108 676 — — 7,302 Substandard 2,152 2,993 8,468 108 — 20 13,741 $ 163,285 $ 595,847 $ 446,734 $ 37,295 $ 139,408 $ 9,277 $ 1,391,846 Allowance for Loan Losses An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management’s continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated future loss experience, and the amount of non-performing loans. The Banks' methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (previously discussed) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. The total of the two components represents the Banks' ALL. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. Allowances are segmented based on collateral characteristics previously disclosed, and consistent with credit quality monitoring. Loans that are collectively evaluated for impairment are grouped into two classes for evaluation. A general allowance is determined for “Pass” rated credits, while a separate pool allowance is provided for “Criticized” rated credits that are not individually evaluated for impairment. For the general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative factors. A historical charge-off factor is calculated utilizing a twelve quarter moving average. However, management may adjust the moving average time frame by up to four quarters to adjust for variances in the economic cycle. Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: national and local economic trends and conditions; levels of and trends in delinquency rates and non-accrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. Loans in the criticized pools, which possess certain qualities or characteristics that may lead to collection and loss issues, are closely monitored by management and subject to additional qualitative factors. Management also monitors industry loss factors by loan segment for applicable adjustments to actual loss experience. Management reviews the loan portfolio on a quarterly basis in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. Activity in the allowance is presented for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,936 $ 4,801 $ 5,215 $ 197 $ 1,376 $ 114 $ 384 $ 14,023 Charge-offs — (15) — — (48) (43) — (106) Recoveries 41 42 1 28 13 21 — 146 Provision 131 (10) 179 (26) (34) 18 72 330 Ending Balance $ 2,108 $ 4,818 $ 5,395 $ 199 $ 1,307 $ 110 $ 456 $ 14,393 Three Months Ended June 30, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 2,606 $ 4,401 $ 4,176 $ 142 $ 1,735 $ 235 $ 907 $ 14,202 Charge-offs — (129) — — (127) (28) — (284) Recoveries 9 109 25 — 15 12 — 170 Provision (769) 238 235 70 201 (175) 550 350 Ending Balance $ 1,846 $ 4,619 $ 4,436 $ 212 $ 1,824 $ 44 $ 1,457 $ 14,438 t Six Months Ended June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,946 $ 4,701 $ 5,336 $ 179 $ 1,411 $ 111 $ 492 $ 14,176 Charge-offs — (15) (155) — (177) (103) — (450) Recoveries 45 45 2 28 22 45 — 187 Provision 117 87 212 (8) 51 57 (36) 480 Ending Balance $ 2,108 $ 4,818 $ 5,395 $ 199 $ 1,307 $ 110 $ 456 $ 14,393 Six Months Ended June 30, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,936 $ 4,460 $ 3,635 $ 134 $ 1,906 $ 261 $ 1,471 $ 13,803 Charge-offs (35) (143) — — (223) (57) — (458) Recoveries 14 112 25 5 32 40 — 228 Provision (69) 190 776 73 109 (200) (14) 865 Ending Balance $ 1,846 $ 4,619 $ 4,436 $ 212 $ 1,824 $ 44 $ 1,457 $ 14,438 The shift in allocation and the decrease in the loan provision is primarily due to changes in the credit metrics within the loan portfolio and decreasing economic uncertainty caused by the COVID-19 pandemic including supply chain disruptions. The Company grants commercial, industrial, residential, and installment loans to customers primarily throughout north-east and central Pennsylvania. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on the economic conditions within this region. The Company has a concentration of the following to gross loans at June 30, 2022 and 2021: June 30, 2022 2021 Owners of residential rental properties 19.65 % 18.15 % Owners of commercial rental properties 16.11 % 13.54 % The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of June 30, 2022 and December 31, 2021: June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer Automobile Other consumer installment Unallocated (In Thousands) Residential Commercial Construction Totals Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1 $ 192 $ 842 $ — $ 14 $ 19 $ — $ 1,068 Collectively evaluated for impairment 2,107 4,626 4,553 199 1,293 91 456 13,325 Total ending allowance balance $ 2,108 $ 4,818 $ 5,395 $ 199 $ 1,307 $ 110 $ 456 $ 14,393 Loans: Individually evaluated for impairment $ 699 $ 4,710 $ 7,298 $ — $ 14 $ 19 $ 12,740 Collectively evaluated for impairment 178,304 647,249 456,371 47,018 137,656 9,614 1,476,212 Total ending loans balance $ 179,003 $ 651,959 $ 463,669 $ 47,018 $ 137,670 $ 9,633 $ 1,488,952 December 31, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer Automobile Other consumer installment Unallocated (In Thousands) Residential Commercial Construction Totals Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 2 $ 201 $ 800 $ — $ — $ 20 $ — $ 1,023 Collectively evaluated for impairment 1,944 4,500 4,536 179 1,411 91 492 13,153 Total ending allowance balance $ 1,946 $ 4,701 $ 5,336 $ 179 $ 1,411 $ 111 $ 492 $ 14,176 Loans: Individually evaluated for impairment $ 889 $ 5,052 $ 7,919 $ 105 $ — $ 20 $ 13,985 Collectively evaluated for impairment 162,396 590,795 438,815 37,190 139,408 9,257 1,377,861 Total ending loans balance $ 163,285 $ 595,847 $ 446,734 $ 37,295 $ 139,408 $ 9,277 $ 1,391,846

Net Periodic Benefit Cost-Defin

Net Periodic Benefit Cost-Defined Benefit Plans	6 Months Ended
	Jun. 30, 2022
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Net Periodic Benefit Cost-Defined Benefit Plans	Net Periodic Benefit Cost-Defined Benefit Plans For a detailed disclosure on the Company’s pension and employee benefits plans, please refer to Note 13 of the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2021. The following sets forth the components of the net periodic expense/(gain) of the domestic non-contributory defined benefit plan for the three and six months ended June 30, 2022 and 2021, respectively: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Interest cost $ 138 $ 127 $ 276 $ 254 Expected return on plan assets (413) (386) (825) (772) Amortization of net loss 18 47 35 93 Net periodic benefit $ (257) $ (212) $ (514) $ (425) Employer Contributions The Company previously disclosed in its consolidated financial statements, included in the Annual Report on Form 10-K for the year ended December 31, 2021, that it does not expect to contribute to its defined benefit plan in 2022. As of June 30, 2022, there were no contributions made to the pension plan.

Stock Purchase Plans

Stock Purchase Plans	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock Purchase Plans	Stock Purchase PlansThe Company maintains an Employee Stock Purchase Plan (“Plan”).  The Plan is intended to encourage employee participation in the ownership and economic progress of the Company.  The Plan allows for up to 1,500,000 shares to be purchased by employees.  The purchase price of the shares is 95% of market value with an employee eligible to purchase up to the lesser of 15% of base compensation or $12,000 in market value annually.  During the six months ended June 30, 2022 and 2021, there were 1,903 and 1,984 shares issued under the Plan, respectively, for total proceeds of $44,000 and $45,000.The Company maintains the 2020 Non-Employee Director Compensation Plan ("Director Plan"). Under this Director Plan, non-employee directors who have not attained specified stock ownership levels are required to receive a portion of their annual compensation in the form of common stock (currently 50%of total annual compensation), with the ability to elect to receive up to 100% of annual compensation in the form of common stock by making a written election prior to the calendar year to which the compensation relates. The Director Plan allows for up to 100,000 shares to be issued. As of June 30 2022, the Company has issued a total of 28,700 shares of common stock to non-employee directors under the Director Plan in lieu of otherwise payable cash compensation with 6,990 and 7,067 shares issued during the six months ended June 30, 2022 and 2021.

Off-Balance Sheet Risk

Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2022
Off Balance Sheet Risk
Off-Balance Sheet Risk	Off-Balance Sheet Risk The Company 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 are primarily comprised of commitments to extend credit, standby letters of credit, and credit exposure from the sale of assets with recourse. These instruments involve, to varying degrees, elements of credit, interest rate, or liquidity risk in excess of the amount recognized in the Consolidated Balance Sheet. The contract amounts of these instruments express the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss from nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company may require collateral or other security to support financial instruments with off-balance sheet credit risk. Financial instruments whose contract amounts represent credit risk are as follows at June 30, 2022 and December 31, 2021: (In Thousands) June 30, 2022 December 31, 2021 Commitments to extend credit $ 211,827 $ 184,364 Standby letters of credit 9,942 7,027 Credit exposure from the sale of assets with recourse 10,339 10,248 $ 232,108 $ 201,639 Commitments to extend credit are legally binding agreements to lend to customers. Commitments generally have fixed expiration dates or other termination clauses and may require payment of fees. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future liquidity requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, on an extension of credit is based on management’s credit assessment of the counterparty. Standby letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance related contracts. The coverage period for these instruments is typically a one year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the coverage period. For secured letters of credit, the collateral is typically Bank deposit instruments or customer business assets.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following disclosures show the hierarchal disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. This hierarchy requires the use of observable market data when available. The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2022 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: U.S. Government and agency securities $ — $ 980 $ — $ 980 Mortgage-backed securities — 1,375 — 1,375 State and political securities — 145,148 — 145,148 Other debt securities — 44,935 — 44,935 Investment equity securities: Equity securities 1,186 — — 1,186 December 31, 2021 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: Mortgage-backed securities $ — $ 1,747 $ — $ 1,747 State and political securities — 116,658 — 116,658 Other debt securities — 48,005 — 48,005 Investment equity securities: Equity securities 1,288 — — 1,288 The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2022 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 2,041 $ 2,041 Other real estate owned — — 127 127 December 31, 2021 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 2,360 $ 2,360 Other real estate owned — — 83 83 The following tables present a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of June 30, 2022 and December 31, 2021: June 30, 2022 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans 2,041 Appraisal of collateral (1) Appraisal adjustments (1) 0% to (20)% (3)% Other real estate owned $ 127 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. December 31, 2021 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans 2,360 Appraisal of collateral (1) Appraisal adjustments (1) 0% to (34)% (15)% Other real estate owned $ 83 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The discounted cash flow valuation technique is utilized to determine the fair value of performing impaired loans, while non-performing impaired loans utilize the appraisal of collateral method.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company is required to disclose fair values for its financial instruments. Fair values are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Also, it is the Company’s general practice and intention to hold most of its financial instruments to maturity and not to engage in trading or sales activities. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions can significantly affect the fair values. Fair values have been determined by the Company using historical data and an estimation methodology suitable for each category of financial instruments. The Company’s fair values are set forth below for the Company’s other financial instruments. As certain assets and liabilities, such as deferred tax assets, premises and equipment, and many other operational elements of the Company, are not considered financial instruments but have value, this fair value of financial instruments would not represent the full market value of the Company. The fair values of the Company’s financial instruments not recorded at fair value on a recurring or nonrecurring basis are as follows at June 30, 2022 and December 31, 2021: Carrying Fair Fair Value Measurements at June 30, 2022 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 3,857 $ 3,857 $ 3,857 $ — $ — Loans, net 1,474,739 1,420,867 — — 1,420,867 Financial liabilities: Time deposits 153,679 145,812 — — 145,812 Short-term borrowings 5,464 5,464 5,464 — — Long-term borrowings 112,874 108,433 — — 108,433 (1) The financial instrument is carried at cost at, June 30, 2022 which approximate the fair value of the instruments Carrying Fair Fair Value Measurements at December 31, 2021 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 3,725 $ 3,725 $ 3,725 $ — $ — Loans, net 1,377,971 1,379,787 — — 1,379,787 Financial liabilities: Time deposits 205,367 204,512 — — 204,512 Short-term borrowings 5,747 5,747 5,747 — — Long-term borrowings 125,963 127,679 — — 127,679 (1) The financial instrument is carried at cost at, December 31, 2021 which approximate the fair value of the instruments The methods and assumptions used by the Company in estimating fair values of financial instruments is in accordance with ASC Topic 825, Financial Instruments , as amended by ASU 2016-01 which requires public entities to use exit pricing in the calculation of the above tables.

Stock Options

Stock Options	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock Options	Stock Options In 2020, the Company adopted the 2020 Equity Incentive Plan which replaced the 2014 Equity Incentive Plan that did not have any remaining shares available for issuance. The plans are designed to help the Company attract, retain, and motivate employees and non-employee directors. Incentive stock options, non-qualified stock options, restricted stock, restricted stock units, and other equity-based awards may be granted as part of the plan. As of January 1, 2022, the Company had a total of 1,034,525 stock options outstanding. During the period ended June 30, 2022, the Company issued 234,000 stock options with a strike price of $24.10 to a group of employees. The options granted in 2022 all expire ten years from the grant date. Of the 234,000 grants awarded in 2022, 156,000 of the options vest in three years while the 78,000 remaining options vest in five years. During the period ended June 30, 2022, a voluntary cash settlement of 346,725 outstanding stock options with an average strike price of $30.07 was initiated. The repurchase price per outstanding share ranged from $1.4770 to $3.3685 as determined by the utilization of a Black Scholes valuation methodology. Stock Options Granted Date Shares Forfeited Cash Settlement Outstanding Strike Price Vesting Period Expiration January 18, 2022 156,000 — — 156,000 $ 24.10 3 years 10 years January 18, 2022 78,000 — — 78,000 24.10 5 years 10 years April 9, 2021 156,500 — — 156,500 24.23 3 years 10 years April 9, 2021 78,000 — — 78,000 24.23 5 years 10 years March 11, 2020 119,300 — — 119,300 25.34 3 years 10 years March 11, 2020 119,200 — — 119,200 25.34 5 years 10 years March 15, 2019 120,900 (15,600) — 105,300 28.01 3 years 10 years March 15, 2019 119,100 (15,150) — 103,950 28.01 5 years 10 years August 24, 2018 75,300 (11,850) (63,450) — 30.67 3 years 10 years August 24, 2018 149,250 (23,850) (125,400) — 30.67 5 years 10 years January 5, 2018 18,750 — (18,750) — 30.07 3 years 10 years January 5, 2018 18,750 — (18,750) — 30.07 5 years 10 years March 24, 2017 69,375 (11,250) (58,125) — 29.47 3 years 10 years March 24, 2017 35,625 (2,250) (33,375) — 29.47 5 years 10 years August 27, 2015 58,125 (26,250) (28,875) 3,000 28.02 5 years 10 years A summary of stock option activity is presented below: June 30, 2022 Shares Weighted Average Exercise Price Outstanding, beginning of year 1,034,525 $ 27.23 Granted 234,000 24.10 Cash settlement (346,725) 30.07 Forfeited (2,550) 29.10 Expired — — Outstanding, end of period 919,250 $ 25.36 Exercisable, end of period 108,300 $ 28.01 The estimated fair value of options, including the effect of estimated forfeitures, is recognized as expense on a straightline basis over the options’ vesting periods while ensuring that the cumulative amount of compensation cost recognized at least equals the value of the vested portion of the award at that date. The fair value of stock options is estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for stock options granted for the six months ended June 30, 2022: Six months ended June 30, 2022 Risk-free interest rate 1.23 % Expected volatility 33 % Expected Annual dividend $ 1.28 Expected life 6.84 years Weighted average grant date fair value per option $ 4.28

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases The following table shows finance lease right of use assets and finance lease liabilities as of: (In Thousands) Statement of Financial Condition classification June 30, 2022 December 31, 2021 Finance lease right of use assets Premises and equipment, net $ 7,220 $ 7,435 Finance lease liabilities Long-term borrowings 7,874 7,963 The following table shows the components of finance and operating lease expense for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Finance Lease Cost: Amortization of right-of-use asset $ 107 $ 107 $ 215 $ 259 Interest expense 62 62 123 133 Operating lease cost 71 74 143 150 Variable lease cost — — — — Total Lease Cost $ 240 $ 243 $ 481 $ 542 A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2022 $ 146 $ 210 2023 265 421 2024 255 427 2025 257 929 2026 260 387 2027 and thereafter 2,568 9,276 Total undiscounted cash flows 3,751 11,650 Discount on cash flows (951) (3,776) Total lease liability $ 2,800 $ 7,874 The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of June 30, 2022. Operating Finance Weighted-average term (years) 17.3 23.9 Weighted-average discount rate 3.54 % 3.20 %
Leases	Leases The following table shows finance lease right of use assets and finance lease liabilities as of: (In Thousands) Statement of Financial Condition classification June 30, 2022 December 31, 2021 Finance lease right of use assets Premises and equipment, net $ 7,220 $ 7,435 Finance lease liabilities Long-term borrowings 7,874 7,963 The following table shows the components of finance and operating lease expense for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Finance Lease Cost: Amortization of right-of-use asset $ 107 $ 107 $ 215 $ 259 Interest expense 62 62 123 133 Operating lease cost 71 74 143 150 Variable lease cost — — — — Total Lease Cost $ 240 $ 243 $ 481 $ 542 A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2022 $ 146 $ 210 2023 265 421 2024 255 427 2025 257 929 2026 260 387 2027 and thereafter 2,568 9,276 Total undiscounted cash flows 3,751 11,650 Discount on cash flows (951) (3,776) Total lease liability $ 2,800 $ 7,874 The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of June 30, 2022. Operating Finance Weighted-average term (years) 17.3 23.9 Weighted-average discount rate 3.54 % 3.20 %

Reclassification of Comparative

Reclassification of Comparative Amounts	6 Months Ended
	Jun. 30, 2022
Reclassification of Comparative Amounts
Reclassification of Comparative Amounts	Reclassification of Comparative AmountsCertain comparative amounts for the prior period have been reclassified to conform to current period presentations. Such reclassifications had no effect on net income or shareholders’ equity.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The consolidated financial statements include the accounts of Penns Woods Bancorp, Inc. (the “Company”) and its wholly-owned subsidiaries: Woods Investment Company, Inc., Woods Real Estate Development Company, Inc., United Insurance Solutions, LLC., Luzerne Bank, and Jersey Shore State Bank (Jersey Shore State Bank and Luzerne Bank are referred to together as the “Banks”) and Jersey Shore State Bank’s wholly-owned subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group (“The M Group”). All significant inter-company balances and transactions have been eliminated in the consolidation. The interim financial statements are unaudited, but in the opinion of management reflect all adjustments necessary for the fair presentation of results for such periods. The results of operations for any interim period are not necessarily indicative of results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
Recent Accounting Pronouncements	In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments, which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. With certain exceptions, transition to the new requirements will be through a cumulative-effect adjustment to opening retained earnings as of the beginning of the first reporting period in which the guidance is adopted. This Update is effective for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company has contracted with a third-party software vendor to assist with the development of our approach in determining the calculations under the new guidance. The Company is currently refining the expected credit losses calculation along with process documentation and data validation testing. We expect to recognize a one-time cumulative-effect adjustment to the allowance for loan losses as of January 1, 2023. The Company recognizes that this one-time adjustment may be material but currently the impact to the financial statements is unknown. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment . To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. Instead, under the amendments in this Update, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The Update is effective for smaller reporting companies and all other entities for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Derivatives, and Hedging (Topic 815); and Financial Instruments (Topic 825), which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. ASU 2019-04 makes clarifying amendments to certain financial instrument standards. For entities that have not yet adopted ASU 2016-13, the effective dates for the amendments related to ASU 2016-13 are the same as the effective dates in ASU 2016-13. For entities that have adopted ASU 2016-13, the amendments related to ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2017-12 as of April 25, 2019, the effective dates for the amendments to Topic 815 are the same as the effective dates in ASU 2017-12. For entities that have adopted ASU 2017-12 as of April 25, 2019, the effective date is as of the beginning of the first annual period beginning after April 25, 2019. The amendments related to ASU 2016-01 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses (Topic 326) , which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for applying the fair value option in ASC 825-10.3. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted the credit losses standard, the ASU is effective when they implement the credit losses standard. For entities that already have adopted the credit losses standard, the ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt ASU 2016-13. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. For entities that have not yet adopted ASU 2016-13 as of November 26, 2019, the effective dates for ASU 2019-11 are the same as the effective dates and transition requirements in ASU 2016-13. For entities that have adopted ASU 2016-13, ASU 2019-11 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In March 2020, the FASB issued ASU 2020-03 , Codification Improvements to Financial Instruments. This ASU was issued to improve and clarify various financial instruments topics, including the current expected credit losses (CECL) standard issued in 2016. The ASU includes seven issues that describe the areas of improvement and the related amendments to GAAP; they are intended to make the standards easier to understand and apply and to eliminate inconsistencies, and they are narrow in scope and are not expected to significantly change practice for most entities. Among its provisions, the ASU clarifies that all entities, other than public business entities that elected the fair value option, are required to provide certain fair value disclosures under ASC 825, Financial Instruments , in both interim and annual financial statements. It also clarifies that the contractual term of a net investment in a lease under Topic 842 should be the contractual term used to measure expected credit losses under Topic 326. Amendments related to ASU 2019-04 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is not permitted before an entity’s adoption of ASU 2016-01. Amendments related to ASU 2016-13 for entities that have not yet adopted that guidance are effective upon adoption of the amendments in ASU 2016-13. Early adoption is not permitted before an entity’s adoption of ASU 2016-13. Amendments related to ASU 2016-13 for entities that have adopted that guidance are effective for fiscal years beginning after December 15, 2019, including interim periods within those years. Other amendments are effective upon issuance of this ASU. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In January 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, March 2020 , to provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate. Entities can elect not to apply certain modification accounting requirements to contracts affected by what the guidance calls “reference rate reform” if certain criteria are met. An entity that makes this election would not have to remeasure the contracts at the modification date or reassess a previous accounting determination. Also, entities can elect various optional expedients that would allow them to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain criteria are met, and can make a one-time election to sell and/or reclassify held-to-maturity debt securities that reference an interest rate affected by reference rate reform. The amendments in this ASU are effective for all entities upon issuance through December 31, 2022. It is too early to predict whether a new rate index replacement and the adoption of the ASU will have a material impact on the Company’s financial statements. In August 2020, the FASB issued ASU 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40), which simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. This ASU removes from U.S. GAAP the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. As a result, entities will not separately present in equity an embedded conversion feature in such debt. Instead, they will account for a convertible debt instrument wholly as debt, and for convertible preferred stock wholly as preferred stock (i.e., as a single unit of account), unless (1) a convertible instrument contains features that require bifurcation as a derivative under ASC 815 or (2) a convertible debt instrument was issued at a substantial premium. This ASU requires entities to provide expanded disclosures about the terms and features of convertible instruments, how the instruments have been reported in the entity’s financial statements, and information about events, conditions, and circumstances that can affect how to assess the amount or timing of an entity’s future cash flows related to those instruments. The amendments in this ASU are effective for public business entities that are not smaller reporting companies, for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. For all other entities, this ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The guidance may be early adopted for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In November 2020, the FASB issued ASU 2020-11, Financial Services – Insurance (Topic 944), which was made in consideration of the implications of the Coronavirus Disease 2019 (COVID-19) pandemic on an insurance entity’s ability to effectively implement the amendments in Accounting Standards Update No. 2018-12, Financial Services— Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI). The amendments in this Update defer the effective date of LDTI for all entities by one year, as (1) for public business entities that meet the definition of an SEC filer and are not SRCs, LDTI is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years; and (2) for all other entities, LDTI is effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025. This Update is not expected to have a significant impact on the Company’s financial statements. In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842), which amends ASC 842 so that lessors are no longer required to recognize a selling loss upon commencement of a lease with variable lease payments that, prior to the amendments, would have been classified as a sales-type or direct financing lease. Furthermore, a lessor must classify as an operating lease any lease that would otherwise be classified as a sales-type or direct financing lease and that would result in the recognition of a selling loss at lease commencement, provided that the lease includes variable lease payments that do not depend on an index or rate. For public business entities and certain not-for-profit entities and employee benefit plans that have adopted ASC 842, the amendments are effective for fiscal years beginning after December 15, 2021, and for interim periods within those fiscal years. For all other entities that have adopted ASC 842, the amendments are effective for fiscal years beginning after December 15, 2021, and for interim periods within fiscal years beginning after December 15, 2022. All entities that have adopted ASC 842 are permitted to early adopt the amendments in ASU 2021-05. The amendments in ASU 2021-05 are effective as of the same date as the guidance in ASC 842 for entities that have not adopted ASC 842. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures . The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of existing loan. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current-period gross writeoffs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments in Update 2016-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption using prospective application, including adoption in an interim period where the guidance should be applied as of the beginning of the fiscal year. This Update is not expected to have a significant impact on the Company’s financial statements. In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820) – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This amendment clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. It also introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments are effective for fiscal years beginning after

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of changes in accumulated other comprehensive income by component	The changes in accumulated other comprehensive loss by component shown net of tax and parenthesis indicating debits, as of June 30, 2022 and 2021 were as follows: Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 (In Thousands) Net Unrealized (Loss) Gain on Available Defined Total Net Unrealized Gain (Loss) on Available Defined Total Beginning balance $ (3,074) $ (3,472) $ (6,546) $ 3,095 $ (5,560) $ (2,465) Other comprehensive (loss) gain before reclassifications (3,156) — (3,156) 1,098 — 1,098 Amounts reclassified from accumulated other comprehensive (loss) gain 8 14 22 (108) 37 (71) Net current-period other comprehensive (loss) income (3,148) 14 (3,134) 990 37 1,027 Ending balance $ (6,222) $ (3,458) $ (9,680) $ 4,085 $ (5,523) $ (1,438) Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 (In Thousands) Net Unrealized Gain (Loss) on Available for Sale Securities Defined Total Net Unrealized Gain (Loss) on Available Defined Total Beginning balance $ 2,373 $ (3,485) $ (1,112) $ 4,714 $ (5,596) $ (882) Other comprehensive loss before reclassifications (8,605) — (8,605) (412) — (412) Amounts reclassified from accumulated other comprehensive gain (loss) 10 27 37 (217) 73 (144) Net current-period other comprehensive (loss) income (8,595) 27 (8,568) (629) 73 (556) Ending balance $ (6,222) $ (3,458) $ (9,680) $ 4,085 $ (5,523) $ (1,438)
Schedule of reclassifications out of accumulated other comprehensive income	The reclassifications out of accumulated other comprehensive loss shown, net of tax and parenthesis indicating debits to net income, as of June 30, 2022 and 2021 were as follows: Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Net unrealized (loss) gain on available for sale securities $ (10) $ 137 Net debt securities (losses) gains, available for sale Income tax effect 2 (29) Income tax provision Total reclassifications for the period $ (8) $ 108 Net unrecognized pension costs $ (18) $ (47) Other non-interest expense Income tax effect 4 10 Income tax provision Total reclassifications for the period $ (14) $ (37) Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Six months ended June 30, 2022 Six months ended June 30, 2021 Net unrealized (losses) gain on available for sale securities $ (12) $ 275 Net debt securities (losses) gains, available for sale Income tax effect 2 (58) Income tax provision Total reclassifications for the period $ (10) $ 217 Net unrecognized pension costs $ (35) $ (93) Other non-interest expense Income tax effect 8 20 Income tax provision Total reclassifications for the period $ (27) $ (73)

Per Share Data (Tables)

Per Share Data (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of weighted average common shares (denominator) used in the basic and dilutive earnings per share computation	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Weighted average common shares issued 7,557,402 7,539,892 7,555,113 7,537,629 Weighted average treasury stock shares (498,357) (480,225) (489,341) (480,225) Weighted average common shares outstanding - basic and diluted 7,059,045 7,059,667 7,065,772 7,057,404

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost, gross unrealized gains and losses, and fair values of equity and trading investment securities	The amortized cost, gross unrealized gains and losses, and fair values of our investment securities portfolio at June 30, 2022 and December 31, 2021 are as follows: June 30, 2022 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): U.S. Government and agency securities $ 1,007 $ — $ (27) $ 980 Mortgage-backed securities 1,520 — (145) 1,375 State and political securities 150,303 203 (5,358) 145,148 Other debt securities 47,484 12 (2,561) 44,935 Total debt securities $ 200,314 $ 215 $ (8,091) $ 192,438 Investment equity securities: Equity securities $ 1,350 $ — $ (164) $ 1,186 December 31, 2021 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): Mortgage-backed securities $ 1,752 $ — $ (5) $ 1,747 State and political securities 113,852 3,500 (694) 116,658 Other debt securities 47,802 524 (321) 48,005 Total debt securities $ 163,406 $ 4,024 $ (1,020) $ 166,410 Investment equity securities: Equity securities $ 1,350 $ — $ (62) $ 1,288
Schedule of gross unrealized losses and fair value	The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time, that the individual debt securities have been in a continuous unrealized loss position, at June 30, 2022 and December 31, 2021. June 30, 2022 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): U.S. Government and agency securities $ 980 $ (27) $ — $ — $ 980 $ (27) Mortgage-backed securities 1,375 (145) — — 1,375 (145) State and political securities 100,753 (3,945) 12,228 (1,413) 112,981 (5,358) Other debt securities 35,886 (1,937) 6,731 (624) 42,617 (2,561) Total debt securities $ 138,994 $ (6,054) $ 18,959 $ (2,037) $ 157,953 $ (8,091) December 31, 2021 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): Mortgage-backed securities $ 1,747 $ (5) $ — $ — $ 1,747 $ (5) State and political securities 34,203 (398) 7,408 (296) 41,611 (694) Other debt securities 21,446 (301) 1,808 (20) 23,254 (321) Total debt securities $ 57,396 $ (704) $ 9,216 $ (316) $ 66,612 $ (1,020)
Schedule of amortized cost and fair value of debt securities by contractual maturity	The amortized cost and fair value of debt securities at June 30, 2022, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value Due in one year or less $ 12,892 $ 12,827 Due after one year to five years 116,729 112,732 Due after five years to ten years 67,668 63,997 Due after ten years 3,025 2,882 Total $ 200,314 $ 192,438
Schedule of gross realized gains and losses	The following table represents gross realized gains and losses from the sales of debt securities available for sale: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Available for sale (AFS): Gross realized gains: U.S. Government and agency securities $ — $ — $ — $ — Mortgage-backed securities — — — — State and political securities 13 — 14 — Other debt securities — 137 — 275 Total gross realized gains $ 13 $ 137 $ 14 $ 275 Gross realized losses: State and political securities $ 23 $ — $ 26 $ — Other debt securities — — — — Total gross realized losses $ 23 $ — $ 26 $ —
Schedule of unrealized and realized gains and losses recognized in net income	The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Net (losses) gains recognized in equity securities during the period $ (44) $ 3 $ (103) $ (16) Less: Net gains realized on the sale of equity securities during the period — — — — Unrealized (losses) gains recognized in equity securities held at reporting date $ (44) $ 3 $ (103) $ (16)

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2022
Loans and Leases Receivable Disclosure [Abstract]
Schedule of related aging categories of loans by segment	The following table presents the related aging categories of loans, by segment, as of June 30, 2022 and December 31, 2021: June 30, 2022 Past Due Past Due 90 30 To 89 Days Or More Non- (In Thousands) Current Days & Still Accruing Accrual Total Commercial, financial, and agricultural $ 178,479 $ 103 $ 3 $ 418 $ 179,003 Real estate mortgage: Residential 648,960 2,006 351 642 651,959 Commercial 459,923 141 — 3,605 463,669 Construction 47,018 — — — 47,018 Consumer automobile loans 136,830 759 67 14 137,670 Other consumer installment loans 9,604 29 — — 9,633 1,480,814 $ 3,038 $ 421 $ 4,679 1,488,952 Net deferred loan fees and discounts 180 180 Allowance for loan losses (14,393) (14,393) Loans, net $ 1,466,601 $ 1,474,739 December 31, 2021 Past Due Past Due 90 30 To 89 Days Or More Non- (In Thousands) Current Days & Still Accruing Accrual Total Commercial, financial, and agricultural $ 162,571 $ 139 $ — $ 575 $ 163,285 Real estate mortgage: Residential 590,240 4,083 687 837 595,847 Commercial 442,573 224 — 3,937 446,734 Construction 36,701 554 — 40 37,295 Consumer automobile loans 138,775 490 143 — 139,408 Other consumer installment loans 9,199 47 31 — 9,277 1,380,059 $ 5,537 $ 861 $ 5,389 1,391,846 Net deferred loan fees and discounts 301 301 Allowance for loan losses (14,176) (14,176) Loans, net $ 1,366,184 $ 1,377,971
Schedule of recorded investment, unpaid principal balance, and related allowance of impaired loans by segment	The following table presents the recorded investment, unpaid principal balance, and related allowance of impaired loans by segment as of June 30, 2022 and December 31, 2021: June 30, 2022 Recorded Unpaid Principal Related (In Thousands) Investment Balance Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 316 $ 316 $ — Real estate mortgage: Residential 3,533 3,533 — Commercial 2,725 2,725 — Construction — — — Consumer automobile loans — — — Installment loans to individuals — — — 6,574 6,574 — With an allowance recorded: Commercial, financial, and agricultural 383 383 1 Real estate mortgage: Residential 1,177 1,177 192 Commercial 4,573 4,573 842 Construction — — — Consumer automobile loans 14 14 14 Installment loans to individuals 19 19 19 6,166 6,166 1,068 Total: Commercial, financial, and agricultural 699 699 1 Real estate mortgage: Residential 4,710 4,710 192 Commercial 7,298 7,298 842 Construction — — — Consumer automobile loans 14 14 14 Installment loans to individuals 19 19 19 $ 12,740 $ 12,740 $ 1,068 December 31, 2021 Recorded Unpaid Principal Related (In Thousands) Investment Balance Allowance With no related allowance recorded: Commercial, financial, and agricultural $ 355 $ 355 $ — Real estate mortgage: Residential 3,874 3,874 — Commercial 3,105 3,105 — Construction 105 105 — Consumer automobile loans — — — Installment loans to individuals — — — 7,439 7,439 — With an allowance recorded: Commercial, financial, and agricultural 534 3,321 2 Real estate mortgage: Residential 1,178 1,178 201 Commercial 4,814 4,814 800 Construction — — — Consumer automobile loans — — — Installment loans to individuals 20 20 20 6,546 9,333 1,023 Total: Commercial, financial, and agricultural 889 3,676 2 Real estate mortgage: Residential 5,052 5,052 201 Commercial 7,919 7,919 800 Construction 105 105 — Consumer automobile loans — — — Installment loans to individuals 20 20 20 $ 13,985 $ 16,772 $ 1,023
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans and related interest income recognized for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Interest Income Average Interest Income Interest Income Commercial, financial, and agricultural $ 758 $ 5 $ — $ 1,641 $ 2 $ — Real estate mortgage: Residential 4,773 48 — 5,504 89 — Commercial 7,446 49 — 9,865 35 — Construction 32 — — 118 2 — Consumer automobile 7 1 — 76 — — Other consumer installment loans 19 — — 10 9 — $ 13,035 $ 103 $ — $ 17,214 $ 137 $ — Six Months Ended June 30, 2022 2021 (In Thousands) Average Interest Income Interest Income Average Interest Income Interest Income Commercial, financial, and agricultural $ 801 $ 10 $ — $ 1,382 $ 30 $ — Real estate mortgage: Residential 4,866 94 — 5,775 98 — Commercial 7,605 101 — 9,703 65 — Construction 56 1 — 120 3 — Consumer automobile 5 1 — 50 — — Other consumer installment loans 19 — — 6 9 — $ 13,352 $ 207 $ — $ 17,036 $ 205 $ —
Schedule of Loan Modifications that are Considered TDRs	Loan modifications that are considered TDRs completed during the three and six months ended June 30, 2021 were as follows: Three Months Ended June 30, 2021 (In Thousands, Except Number of Contracts) Number Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Commercial, financial, and agricultural 1 $ 949 $ 949 Real estate mortgage: Residential 1 178 178 Commercial 1 730 730 Construction — — — 3 $ 1,857 $ 1,857 Six Months Ended June 30, 2021 (In Thousands, Except Number of Contracts) Number Pre-Modification Post-Modification Commercial, financial, and agricultural 1 $ 949 $ 949 Real estate mortgage: Residential 2 865 865 Commercial 2 855 855 Construction — — — 5 $ 2,669 $ 2,669
Schedule of credit quality categories	The following table presents the credit quality categories identified above as of June 30, 2022 and December 31, 2021: June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment loans (In Thousands) Residential Commercial Construction Totals Pass $ 176,987 $ 648,929 $ 450,530 $ 46,914 $ 137,656 $ 9,614 $ 1,470,630 Special Mention 180 273 5,147 — — — 5,600 Substandard 1,836 2,757 7,992 104 14 19 12,722 $ 179,003 $ 651,959 $ 463,669 $ 47,018 $ 137,670 $ 9,633 $ 1,488,952 December 31, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment loans (In Thousands) Residential Commercial Construction Totals Pass $ 160,899 $ 592,570 $ 432,158 $ 36,511 $ 139,408 $ 9,257 $ 1,370,803 Special Mention 234 284 6,108 676 — — 7,302 Substandard 2,152 2,993 8,468 108 — 20 13,741 $ 163,285 $ 595,847 $ 446,734 $ 37,295 $ 139,408 $ 9,277 $ 1,391,846
Schedule of activity in the allowance	Activity in the allowance is presented for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,936 $ 4,801 $ 5,215 $ 197 $ 1,376 $ 114 $ 384 $ 14,023 Charge-offs — (15) — — (48) (43) — (106) Recoveries 41 42 1 28 13 21 — 146 Provision 131 (10) 179 (26) (34) 18 72 330 Ending Balance $ 2,108 $ 4,818 $ 5,395 $ 199 $ 1,307 $ 110 $ 456 $ 14,393 Three Months Ended June 30, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 2,606 $ 4,401 $ 4,176 $ 142 $ 1,735 $ 235 $ 907 $ 14,202 Charge-offs — (129) — — (127) (28) — (284) Recoveries 9 109 25 — 15 12 — 170 Provision (769) 238 235 70 201 (175) 550 350 Ending Balance $ 1,846 $ 4,619 $ 4,436 $ 212 $ 1,824 $ 44 $ 1,457 $ 14,438 t Six Months Ended June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,946 $ 4,701 $ 5,336 $ 179 $ 1,411 $ 111 $ 492 $ 14,176 Charge-offs — (15) (155) — (177) (103) — (450) Recoveries 45 45 2 28 22 45 — 187 Provision 117 87 212 (8) 51 57 (36) 480 Ending Balance $ 2,108 $ 4,818 $ 5,395 $ 199 $ 1,307 $ 110 $ 456 $ 14,393 Six Months Ended June 30, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,936 $ 4,460 $ 3,635 $ 134 $ 1,906 $ 261 $ 1,471 $ 13,803 Charge-offs (35) (143) — — (223) (57) — (458) Recoveries 14 112 25 5 32 40 — 228 Provision (69) 190 776 73 109 (200) (14) 865 Ending Balance $ 1,846 $ 4,619 $ 4,436 $ 212 $ 1,824 $ 44 $ 1,457 $ 14,438
Schedule of concentration of loan	The Company has a concentration of the following to gross loans at June 30, 2022 and 2021: June 30, 2022 2021 Owners of residential rental properties 19.65 % 18.15 % Owners of commercial rental properties 16.11 % 13.54 %
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method	The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment method as of June 30, 2022 and December 31, 2021: June 30, 2022 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer Automobile Other consumer installment Unallocated (In Thousands) Residential Commercial Construction Totals Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1 $ 192 $ 842 $ — $ 14 $ 19 $ — $ 1,068 Collectively evaluated for impairment 2,107 4,626 4,553 199 1,293 91 456 13,325 Total ending allowance balance $ 2,108 $ 4,818 $ 5,395 $ 199 $ 1,307 $ 110 $ 456 $ 14,393 Loans: Individually evaluated for impairment $ 699 $ 4,710 $ 7,298 $ — $ 14 $ 19 $ 12,740 Collectively evaluated for impairment 178,304 647,249 456,371 47,018 137,656 9,614 1,476,212 Total ending loans balance $ 179,003 $ 651,959 $ 463,669 $ 47,018 $ 137,670 $ 9,633 $ 1,488,952 December 31, 2021 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer Automobile Other consumer installment Unallocated (In Thousands) Residential Commercial Construction Totals Allowance for Loan Losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 2 $ 201 $ 800 $ — $ — $ 20 $ — $ 1,023 Collectively evaluated for impairment 1,944 4,500 4,536 179 1,411 91 492 13,153 Total ending allowance balance $ 1,946 $ 4,701 $ 5,336 $ 179 $ 1,411 $ 111 $ 492 $ 14,176 Loans: Individually evaluated for impairment $ 889 $ 5,052 $ 7,919 $ 105 $ — $ 20 $ 13,985 Collectively evaluated for impairment 162,396 590,795 438,815 37,190 139,408 9,257 1,377,861 Total ending loans balance $ 163,285 $ 595,847 $ 446,734 $ 37,295 $ 139,408 $ 9,277 $ 1,391,846

Net Periodic Benefit Cost-Def_2

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2022
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Schedule of components of the net periodic benefit/cost of the domestic non-contributory defined benefit plan	The following sets forth the components of the net periodic expense/(gain) of the domestic non-contributory defined benefit plan for the three and six months ended June 30, 2022 and 2021, respectively: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Interest cost $ 138 $ 127 $ 276 $ 254 Expected return on plan assets (413) (386) (825) (772) Amortization of net loss 18 47 35 93 Net periodic benefit $ (257) $ (212) $ (514) $ (425)

Off-Balance Sheet Risk (Tables)

Off-Balance Sheet Risk (Tables)	6 Months Ended
	Jun. 30, 2022
Off Balance Sheet Risk
Schedule of Financial instruments whose contract amounts represent credit risk	Financial instruments whose contract amounts represent credit risk are as follows at June 30, 2022 and December 31, 2021: (In Thousands) June 30, 2022 December 31, 2021 Commitments to extend credit $ 211,827 $ 184,364 Standby letters of credit 9,942 7,027 Credit exposure from the sale of assets with recourse 10,339 10,248 $ 232,108 $ 201,639

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of assets reported on the balance sheet at their fair value on a recurring basis	The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2022 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: U.S. Government and agency securities $ — $ 980 $ — $ 980 Mortgage-backed securities — 1,375 — 1,375 State and political securities — 145,148 — 145,148 Other debt securities — 44,935 — 44,935 Investment equity securities: Equity securities 1,186 — — 1,186 December 31, 2021 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: Mortgage-backed securities $ — $ 1,747 $ — $ 1,747 State and political securities — 116,658 — 116,658 Other debt securities — 48,005 — 48,005 Investment equity securities: Equity securities 1,288 — — 1,288
Schedule of assets reported on the consolidated balance sheet at their fair value on a non-recurring basis	The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis as of June 30, 2022 and December 31, 2021, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2022 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 2,041 $ 2,041 Other real estate owned — — 127 127 December 31, 2021 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Impaired loans $ — $ — $ 2,360 $ 2,360 Other real estate owned — — 83 83
Schedule of listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques	The following tables present a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of June 30, 2022 and December 31, 2021: June 30, 2022 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans 2,041 Appraisal of collateral (1) Appraisal adjustments (1) 0% to (20)% (3)% Other real estate owned $ 127 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. December 31, 2021 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Impaired loans 2,360 Appraisal of collateral (1) Appraisal adjustments (1) 0% to (34)% (15)% Other real estate owned $ 83 Appraisal of collateral (1) Appraisal adjustments (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of fair value of financial instruments	The fair values of the Company’s financial instruments not recorded at fair value on a recurring or nonrecurring basis are as follows at June 30, 2022 and December 31, 2021: Carrying Fair Fair Value Measurements at June 30, 2022 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 3,857 $ 3,857 $ 3,857 $ — $ — Loans, net 1,474,739 1,420,867 — — 1,420,867 Financial liabilities: Time deposits 153,679 145,812 — — 145,812 Short-term borrowings 5,464 5,464 5,464 — — Long-term borrowings 112,874 108,433 — — 108,433 (1) The financial instrument is carried at cost at, June 30, 2022 which approximate the fair value of the instruments Carrying Fair Fair Value Measurements at December 31, 2021 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 3,725 $ 3,725 $ 3,725 $ — $ — Loans, net 1,377,971 1,379,787 — — 1,379,787 Financial liabilities: Time deposits 205,367 204,512 — — 204,512 Short-term borrowings 5,747 5,747 5,747 — — Long-term borrowings 125,963 127,679 — — 127,679 (1) The financial instrument is carried at cost at, December 31, 2021 which approximate the fair value of the instruments

Stock Options (Tables)

Stock Options (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options Granted	Stock Options Granted Date Shares Forfeited Cash Settlement Outstanding Strike Price Vesting Period Expiration January 18, 2022 156,000 — — 156,000 $ 24.10 3 years 10 years January 18, 2022 78,000 — — 78,000 24.10 5 years 10 years April 9, 2021 156,500 — — 156,500 24.23 3 years 10 years April 9, 2021 78,000 — — 78,000 24.23 5 years 10 years March 11, 2020 119,300 — — 119,300 25.34 3 years 10 years March 11, 2020 119,200 — — 119,200 25.34 5 years 10 years March 15, 2019 120,900 (15,600) — 105,300 28.01 3 years 10 years March 15, 2019 119,100 (15,150) — 103,950 28.01 5 years 10 years August 24, 2018 75,300 (11,850) (63,450) — 30.67 3 years 10 years August 24, 2018 149,250 (23,850) (125,400) — 30.67 5 years 10 years January 5, 2018 18,750 — (18,750) — 30.07 3 years 10 years January 5, 2018 18,750 — (18,750) — 30.07 5 years 10 years March 24, 2017 69,375 (11,250) (58,125) — 29.47 3 years 10 years March 24, 2017 35,625 (2,250) (33,375) — 29.47 5 years 10 years August 27, 2015 58,125 (26,250) (28,875) 3,000 28.02 5 years 10 years A summary of stock option activity is presented below: June 30, 2022 Shares Weighted Average Exercise Price Outstanding, beginning of year 1,034,525 $ 27.23 Granted 234,000 24.10 Cash settlement (346,725) 30.07 Forfeited (2,550) 29.10 Expired — — Outstanding, end of period 919,250 $ 25.36 Exercisable, end of period 108,300 $ 28.01
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following is a summary of the assumptions used in this model for stock options granted for the six months ended June 30, 2022: Six months ended June 30, 2022 Risk-free interest rate 1.23 % Expected volatility 33 % Expected Annual dividend $ 1.28 Expected life 6.84 years Weighted average grant date fair value per option $ 4.28

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Assets and Liabilities	The following table shows finance lease right of use assets and finance lease liabilities as of: (In Thousands) Statement of Financial Condition classification June 30, 2022 December 31, 2021 Finance lease right of use assets Premises and equipment, net $ 7,220 $ 7,435 Finance lease liabilities Long-term borrowings 7,874 7,963
Schedule of Lease Cost, Term and Discount Rate	The following table shows the components of finance and operating lease expense for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2022 2021 2022 2021 Finance Lease Cost: Amortization of right-of-use asset $ 107 $ 107 $ 215 $ 259 Interest expense 62 62 123 133 Operating lease cost 71 74 143 150 Variable lease cost — — — — Total Lease Cost $ 240 $ 243 $ 481 $ 542 The following table shows the weighted average remaining lease term and weighted average discount rate for both operating and finance leases outstanding as of June 30, 2022. Operating Finance Weighted-average term (years) 17.3 23.9 Weighted-average discount rate 3.54 % 3.20 %
Schedule of Operating Lease Liability Maturities	A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2022 $ 146 $ 210 2023 265 421 2024 255 427 2025 257 929 2026 260 387 2027 and thereafter 2,568 9,276 Total undiscounted cash flows 3,751 11,650 Discount on cash flows (951) (3,776) Total lease liability $ 2,800 $ 7,874
Schedule of Finance Lease Liability Maturities	A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: (In Thousands) Operating Finance 2022 $ 146 $ 210 2023 265 421 2024 255 427 2025 257 929 2026 260 387 2027 and thereafter 2,568 9,276 Total undiscounted cash flows 3,751 11,650 Discount on cash flows (951) (3,776) Total lease liability $ 2,800 $ 7,874

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 168,427	$ 164,063	$ 172,274	$ 164,146
Ending balance	166,054	166,835	166,054	166,835
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6,546)	(2,465)	(1,112)	(882)
Other comprehensive loss before reclassifications	(3,156)	1,098	(8,605)	(412)
Amounts reclassified from accumulated other comprehensive gain (loss)	22	(71)	37	(144)
Net current-period other comprehensive (loss) income	(3,134)	1,027	(8,568)	(556)
Ending balance	(9,680)	(1,438)	(9,680)	(1,438)
Net Unrealized Gain (Loss) on Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,074)	3,095	2,373	4,714
Other comprehensive loss before reclassifications	(3,156)	1,098	(8,605)	(412)
Amounts reclassified from accumulated other comprehensive gain (loss)	8	(108)	10	(217)
Net current-period other comprehensive (loss) income	(3,148)	990	(8,595)	(629)
Ending balance	(6,222)	4,085	(6,222)	4,085
Defined Benefit  Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,472)	(5,560)	(3,485)	(5,596)
Other comprehensive loss before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive gain (loss)	14	37	27	73
Net current-period other comprehensive (loss) income	14	37	27	73
Ending balance	$ (3,458)	$ (5,523)	$ (3,458)	$ (5,523)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Reclassifications out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassifications out of accumulated other comprehensive income
Net unrealized (loss) gain on available for sale securities	$ (10)	$ 137	$ (12)	$ 275
Net unrecognized pension costs	(1,107)	(1,170)	(2,558)	(2,268)
Income tax effect	(1,003)	(813)	(1,679)	(1,584)
Net Income	4,231	3,588	7,663	7,029
Amount Reclassified from Accumulated Other Comprehensive Loss | Net Unrealized Gain (Loss) on Available for Sale Securities
Reclassifications out of accumulated other comprehensive income
Net unrealized (loss) gain on available for sale securities	(10)	137	(12)	275
Income tax effect	2	(29)	2	(58)
Net Income	(8)	108	(10)	217
Amount Reclassified from Accumulated Other Comprehensive Loss | Defined Benefit  Plan
Reclassifications out of accumulated other comprehensive income
Net unrecognized pension costs	(18)	(47)	(35)	(93)
Income tax effect	4	10	8	20
Net Income	$ (14)	$ (37)	$ (27)	$ (73)

Per Share Data - Narrative (Det

Per Share Data - Narrative (Details) - $ / shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Aug. 27, 2015
Earnings Per Share [Abstract]
Convertible securities which would affect denominator in calculating basic and dilutive earnings per share (in shares)	0
Options, outstanding (in shares)	919,250	1,075,775	1,034,525	3,000
Outstanding, weighted average exercise price (in dollars per share)	$ 25.36	$ 27.31	$ 27.23
Average share price (in dollars per share)	$ 23.78	$ 24.43

Per Share Data - Composition of

Per Share Data - Composition of Weighted Average Common Shares Used in Earnings per Share Computation (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Weighted average common shares issued (in shares)	7,557,402	7,539,892	7,555,113	7,537,629
Weighted average treasury stock shares (in shares)	(498,357)	(480,225)	(489,341)	(480,225)
Weighted average shares outstanding - basic (in shares)	7,059,045	7,059,667	7,065,772	7,057,404
Weighted average common shares outstanding - diluted (in shares)	7,059,045	7,059,667	7,065,772	7,057,404

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Values of Investment Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available for sale (AFS):
Total	$ 200,314
Fair value	192,438	$ 166,410
Investment equity securities:
Fair value	1,186	1,288
Total debt securities
Available for sale (AFS):
Total	200,314	163,406
Gross unrealized gains	215	4,024
Gross unrealized losses	(8,091)	(1,020)
Fair value	192,438	166,410
U.S. Government and agency securities
Available for sale (AFS):
Total	1,007
Gross unrealized gains	0
Gross unrealized losses	(27)
Fair value	980
Mortgage-backed securities
Available for sale (AFS):
Total	1,520	1,752
Gross unrealized gains	0	0
Gross unrealized losses	(145)	(5)
Fair value	1,375	1,747
State and political securities
Available for sale (AFS):
Total	150,303	113,852
Gross unrealized gains	203	3,500
Gross unrealized losses	(5,358)	(694)
Fair value	145,148	116,658
Other debt securities
Available for sale (AFS):
Total	47,484	47,802
Gross unrealized gains	12	524
Gross unrealized losses	(2,561)	(321)
Fair value	44,935	48,005
Equity securities
Investment equity securities:
Amortized cost - total	1,350	1,350
Gross unrealized gains	0	0
Gross unrealized losses	(164)	(62)
Fair value	$ 1,186	$ 1,288

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Value by Investment Category (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Total debt securities
Investment securities
Fair value, less than twelve months	$ 138,994	$ 57,396
Gross unrealized losses, less than twelve months	(6,054)	(704)
Fair value, twelve months or greater	18,959	9,216
Gross unrealized losses, twelve months or greater	(2,037)	(316)
Fair value, total	157,953	66,612
Gross unrealized losses, total	(8,091)	(1,020)
U.S. Government and agency securities
Investment securities
Fair value, less than twelve months	980
Gross unrealized losses, less than twelve months	(27)
Fair value, twelve months or greater	0
Gross unrealized losses, twelve months or greater	0
Fair value, total	980
Gross unrealized losses, total	(27)
Mortgage-backed securities
Investment securities
Fair value, less than twelve months	1,375	1,747
Gross unrealized losses, less than twelve months	(145)	(5)
Fair value, twelve months or greater	0	0
Gross unrealized losses, twelve months or greater	0	0
Fair value, total	1,375	1,747
Gross unrealized losses, total	(145)	(5)
State and political securities
Investment securities
Fair value, less than twelve months	100,753	34,203
Gross unrealized losses, less than twelve months	(3,945)	(398)
Fair value, twelve months or greater	12,228	7,408
Gross unrealized losses, twelve months or greater	(1,413)	(296)
Fair value, total	112,981	41,611
Gross unrealized losses, total	(5,358)	(694)
Other debt securities
Investment securities
Fair value, less than twelve months	35,886	21,446
Gross unrealized losses, less than twelve months	(1,937)	(301)
Fair value, twelve months or greater	6,731	1,808
Gross unrealized losses, twelve months or greater	(624)	(20)
Fair value, total	42,617	23,254
Gross unrealized losses, total	$ (2,561)	$ (321)

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) security	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) security	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Investments, Debt and Equity Securities [Abstract]
Number of individual securities that were in a continuous unrealized loss position for less than twelve months (in securities) | security	209		209
Number of individual securities that were in a continuous unrealized loss position for greater than twelve months (in securities) | security	30		30
Gross proceeds from sales of securities			$ 0	$ 13,574,000
Impairment charges	$ 0	$ 0	0	$ 0
Carrying value of investment securities pledged	171,435,000		171,435,000		$ 139,435,000
Investment equity securities, at fair value	$ 1,186,000		$ 1,186,000		$ 1,288,000

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Fair Value of Debt Securities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Amortized Cost
Due in one year or less	$ 12,892
Due after one year to five years	116,729
Due after five years to ten years	67,668
Due after ten years	3,025
Total	200,314
Fair Value
Due in one year or less	12,827
Due after one year to five years	112,732
Due after five years to ten years	63,997
Due after ten years	2,882
Total	$ 192,438

Investment Securities - Total G

Investment Securities - Total Gross Proceeds from Sales of Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Available for sale (AFS):
Available-for-sale securities, gross realized gains	$ 13	$ 137	$ 14	$ 275
Available-for-sale securities, gross realized losses	23	0	26	0
U.S. Government and agency securities
Available for sale (AFS):
Available-for-sale securities, gross realized gains	0	0	0	0
Mortgage-backed securities
Available for sale (AFS):
Available-for-sale securities, gross realized gains	0	0	0	0
State and political securities
Available for sale (AFS):
Available-for-sale securities, gross realized gains	13	0	14	0
Available-for-sale securities, gross realized losses	23	0	26	0
Other debt securities
Available for sale (AFS):
Available-for-sale securities, gross realized gains	0	137	0	275
Available-for-sale securities, gross realized losses	$ 0	$ 0	$ 0	$ 0

Investment Securities - Unreali

Investment Securities - Unrealized and Realized Gains and Losses Recognized in Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity Securities, FV-NI, Gain (Loss) [Abstract]
Net (losses) gains recognized in equity securities during the period	$ (44)	$ 3	$ (103)	$ (16)
Less: Net gains realized on the sale of equity securities during the period	0	0	0	0
Unrealized (losses) gains recognized in equity securities held at reporting date	$ (44)	$ 3	$ (103)	$ (16)

Loans - Narrative (Details)

Loans - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) contract component class category	Jun. 30, 2021 USD ($) contract	Jun. 30, 2022 USD ($) contract component class category	Jun. 30, 2021 USD ($) contract	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable individually evaluated for impairment minimum amount | $			$ 100,000
Individually evaluated for impairment | $			$ 100,000
Payment delays limit (in days)			90 days
Period to classify TDR non performing loans to performing (in months)			6 months
Number of loan modifications (in contracts) | contract	0	3	0	5
Number of TDRs that defaulted (in contracts) | contract			0	1
Recorded investment | $	$ 8,692,000		$ 8,692,000		$ 9,410,000
Real estate acquired through foreclosure | $	127,000		127,000		339,000
Mortgage loans in process of foreclosure, amount | $	$ 165,000		$ 165,000		$ 193,000
Number of categories considered not criticized and rated as pass (in categories) | category	6		6
Minimum period after which loans are considered as substandard (in days)			90 days
Percentage of loan review evaluated			0.55
Number of components that represents the allowance for loan losses (in components) | component	2		2
Number of classes that groups of loans are collectively evaluated for impairment (in classes) | class	2		2
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of categories in which real estate loans segmented (in categories) | category			3
Commercial, financial, and agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan modifications (in contracts) | contract		1		1
Commercial | Real Estate Mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan modifications (in contracts) | contract		1		2
Number of TDRs that defaulted (in contracts) | contract				1
Troubled debt restructuring, default amount | $				$ 687,000
COVID-19 Modifications
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loan modifications (in contracts) | contract			1,372	1,365
Number of loan modifications remaining (in contracts) | contract			0	20
Loan modifications, amount | $		$ 7,931,000		$ 7,931,000

Loans - Aging Categories of Loa

Loans - Aging Categories of Loans by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	$ 1,489,132		$ 1,392,147
Past due 90 days or more & still accruing			861
Nonaccrual	4,679		5,389
Total	1,488,952		1,391,846
Net deferred loan fees and discounts	180		301
Allowance for loan losses	(14,393)	$ (14,023)	(14,176)	$ (14,438)	$ (14,202)	$ (13,803)
Loans, net	1,466,601		1,366,184
Loans, net	1,474,739		1,377,971
Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	1,480,814		1,380,059
Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	3,038		5,537
Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	421
Commercial, financial, and agricultural
Aging categories of loans by segment
Past due 90 days or more & still accruing			0
Nonaccrual	418		575
Total	179,003		163,285
Allowance for loan losses	(2,108)	(1,936)	(1,946)	(1,846)	(2,606)	(1,936)
Commercial, financial, and agricultural | Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	178,479		162,571
Commercial, financial, and agricultural | Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	103		139
Commercial, financial, and agricultural | Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	3
Real Estate Mortgages | Residential
Aging categories of loans by segment
Past due 90 days or more & still accruing			687
Nonaccrual	642		837
Total	651,959		595,847
Allowance for loan losses	(4,818)	(4,801)	(4,701)	(4,619)	(4,401)	(4,460)
Real Estate Mortgages | Residential | Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	648,960		590,240
Real Estate Mortgages | Residential | Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	2,006		4,083
Real Estate Mortgages | Residential | Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	351
Real Estate Mortgages | Commercial
Aging categories of loans by segment
Past due 90 days or more & still accruing			0
Nonaccrual	3,605		3,937
Total	463,669		446,734
Allowance for loan losses	(5,395)	(5,215)	(5,336)	(4,436)	(4,176)	(3,635)
Real Estate Mortgages | Commercial | Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	459,923		442,573
Real Estate Mortgages | Commercial | Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	141		224
Real Estate Mortgages | Commercial | Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	0
Real Estate Mortgages | Construction
Aging categories of loans by segment
Past due 90 days or more & still accruing			0
Nonaccrual	0		40
Total	47,018		37,295
Allowance for loan losses	(199)	(197)	(179)	(212)	(142)	(134)
Real Estate Mortgages | Construction | Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	47,018		36,701
Real Estate Mortgages | Construction | Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	0		554
Real Estate Mortgages | Construction | Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	0
Consumer automobile loans
Aging categories of loans by segment
Past due 90 days or more & still accruing			143
Nonaccrual	14		0
Total	137,670		139,408
Allowance for loan losses	(1,307)	(1,376)	(1,411)	(1,824)	(1,735)	(1,906)
Consumer automobile loans | Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	136,830		138,775
Consumer automobile loans | Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	759		490
Consumer automobile loans | Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	67
Other consumer installment loans
Aging categories of loans by segment
Past due 90 days or more & still accruing			31
Nonaccrual	0		0
Total	9,633		9,277
Allowance for loan losses	(110)	$ (114)	(111)	$ (44)	$ (235)	$ (261)
Other consumer installment loans | Current
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	9,604		9,199
Other consumer installment loans | Past Due 30 to 89 Days
Aging categories of loans by segment
Financing receivable, before allowance for credit loss	29		$ 47
Other consumer installment loans | Financial Asset, 90 Days Past Due or More & Still Accruing
Aging categories of loans by segment
Past due 90 days or more & still accruing	$ 0

Loans - Recorded Investment, Un

Loans - Recorded Investment, Unpaid Principal Balance, Related Allowance of Impaired Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	$ 6,574	$ 7,439
Recorded investment, with an allowance recorded	6,166	6,546
Recorded investment	12,740	13,985
Unpaid principal balance, with no related allowance recorded	6,574	7,439
Unpaid principal balance, with an allowance recorded	6,166	9,333
Unpaid principal balance	12,740	16,772
Related allowance	1,068	1,023
Commercial, financial, and agricultural
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	316	355
Recorded investment, with an allowance recorded	383	534
Recorded investment	699	889
Unpaid principal balance, with no related allowance recorded	316	355
Unpaid principal balance, with an allowance recorded	383	3,321
Unpaid principal balance	699	3,676
Related allowance	1	2
Real Estate Mortgages | Residential
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	3,533	3,874
Recorded investment, with an allowance recorded	1,177	1,178
Recorded investment	4,710	5,052
Unpaid principal balance, with no related allowance recorded	3,533	3,874
Unpaid principal balance, with an allowance recorded	1,177	1,178
Unpaid principal balance	4,710	5,052
Related allowance	192	201
Real Estate Mortgages | Commercial
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	2,725	3,105
Recorded investment, with an allowance recorded	4,573	4,814
Recorded investment	7,298	7,919
Unpaid principal balance, with no related allowance recorded	2,725	3,105
Unpaid principal balance, with an allowance recorded	4,573	4,814
Unpaid principal balance	7,298	7,919
Related allowance	842	800
Real Estate Mortgages | Construction
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	0	105
Recorded investment, with an allowance recorded	0	0
Recorded investment	0	105
Unpaid principal balance, with no related allowance recorded	0	105
Unpaid principal balance, with an allowance recorded	0	0
Unpaid principal balance	0	105
Related allowance	0	0
Consumer automobile loans
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	0	0
Recorded investment, with an allowance recorded	14	0
Recorded investment	14	0
Unpaid principal balance, with no related allowance recorded	0	0
Unpaid principal balance, with an allowance recorded	14	0
Unpaid principal balance	14	0
Related allowance	14	0
Installment loans to individuals
Credit Quality and Related Allowance for Loan Losses
Recorded investment, with no related allowance recorded	0	0
Recorded investment, with an allowance recorded	19	20
Recorded investment	19	20
Unpaid principal balance, with no related allowance recorded	0	0
Unpaid principal balance, with an allowance recorded	19	20
Unpaid principal balance	19	20
Related allowance	$ 19	$ 20

Loans - Average Recorded Invest

Loans - Average Recorded Investment - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	$ 13,035	$ 17,214	$ 13,352	$ 17,036
Interest Income Recognized on an Accrual Basis on Impaired Loans	103	137	207	205
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	0	0
Commercial, financial, and agricultural
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	758	1,641	801	1,382
Interest Income Recognized on an Accrual Basis on Impaired Loans	5	2	10	30
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	0	0
Real Estate Mortgages | Residential
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	4,773	5,504	4,866	5,775
Interest Income Recognized on an Accrual Basis on Impaired Loans	48	89	94	98
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	0	0
Real Estate Mortgages | Commercial
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	7,446	9,865	7,605	9,703
Interest Income Recognized on an Accrual Basis on Impaired Loans	49	35	101	65
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	0	0
Real Estate Mortgages | Construction
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	32	118	56	120
Interest Income Recognized on an Accrual Basis on Impaired Loans	0	2	1	3
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	0	0
Consumer automobile loans
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	7	76	5	50
Interest Income Recognized on an Accrual Basis on Impaired Loans	1	0	1	0
Interest Income Recognized on a Cash Basis on Impaired Loans	0	0	0	0
Other consumer installment loans
Credit Quality and Related Allowance for Loan Losses
Average Investment in Impaired Loans	19	10	19	6
Interest Income Recognized on an Accrual Basis on Impaired Loans	0	9	0	9
Interest Income Recognized on a Cash Basis on Impaired Loans	$ 0	$ 0	$ 0	$ 0

Loans - Loan Modifications (Det

Loans - Loan Modifications (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 contract	Jun. 30, 2021 USD ($) contract	Jun. 30, 2022 contract	Jun. 30, 2021 USD ($) contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract	0	3	0	5
Pre-Modification Outstanding Recorded Investment		$ 1,857		$ 2,669
Post-Modification Outstanding Recorded Investment		$ 1,857		$ 2,669
Commercial, financial, and agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract		1		1
Pre-Modification Outstanding Recorded Investment		$ 949		$ 949
Post-Modification Outstanding Recorded Investment		$ 949		$ 949
Real Estate Mortgages | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract		1		2
Pre-Modification Outstanding Recorded Investment		$ 178		$ 865
Post-Modification Outstanding Recorded Investment		$ 178		$ 865
Real Estate Mortgages | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract		1		2
Pre-Modification Outstanding Recorded Investment		$ 730		$ 855
Post-Modification Outstanding Recorded Investment		$ 730		$ 855
Real Estate Mortgages | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of contracts (in contracts) | contract		0		0
Pre-Modification Outstanding Recorded Investment		$ 0		$ 0
Post-Modification Outstanding Recorded Investment		$ 0		$ 0

Loans - Credit Quality Indicato

Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Credit quality categories
Total	$ 1,488,952	$ 1,391,846
Pass
Credit quality categories
Total	1,470,630	1,370,803
Special Mention
Credit quality categories
Total	5,600	7,302
Substandard
Credit quality categories
Total	12,722	13,741
Commercial, financial, and agricultural
Credit quality categories
Total	179,003	163,285
Commercial, financial, and agricultural | Pass
Credit quality categories
Total	176,987	160,899
Commercial, financial, and agricultural | Special Mention
Credit quality categories
Total	180	234
Commercial, financial, and agricultural | Substandard
Credit quality categories
Total	1,836	2,152
Consumer automobile
Credit quality categories
Total	137,670	139,408
Consumer automobile | Pass
Credit quality categories
Total	137,656	139,408
Consumer automobile | Special Mention
Credit quality categories
Total	0	0
Consumer automobile | Substandard
Credit quality categories
Total	14	0
Other consumer installment loans
Credit quality categories
Total	9,633	9,277
Other consumer installment loans | Pass
Credit quality categories
Total	9,614	9,257
Other consumer installment loans | Special Mention
Credit quality categories
Total	0	0
Other consumer installment loans | Substandard
Credit quality categories
Total	19	20
Residential | Real Estate Mortgages
Credit quality categories
Total	651,959	595,847
Residential | Real Estate Mortgages | Pass
Credit quality categories
Total	648,929	592,570
Residential | Real Estate Mortgages | Special Mention
Credit quality categories
Total	273	284
Residential | Real Estate Mortgages | Substandard
Credit quality categories
Total	2,757	2,993
Commercial | Real Estate Mortgages
Credit quality categories
Total	463,669	446,734
Commercial | Real Estate Mortgages | Pass
Credit quality categories
Total	450,530	432,158
Commercial | Real Estate Mortgages | Special Mention
Credit quality categories
Total	5,147	6,108
Commercial | Real Estate Mortgages | Substandard
Credit quality categories
Total	7,992	8,468
Construction | Real Estate Mortgages
Credit quality categories
Total	47,018	37,295
Construction | Real Estate Mortgages | Pass
Credit quality categories
Total	46,914	36,511
Construction | Real Estate Mortgages | Special Mention
Credit quality categories
Total	0	676
Construction | Real Estate Mortgages | Substandard
Credit quality categories
Total	$ 104	$ 108

Loans - Allowance for Credit Lo

Loans - Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Allowance for Loan Losses:
Beginning Balance	$ 14,023	$ 14,202	$ 14,176	$ 13,803
Charge-offs	(106)	(284)	(450)	(458)
Recoveries	146	170	187	228
Provision for loan losses	330	350	480	865
Ending Balance	14,393	14,438	14,393	14,438
Commercial, financial, and agricultural
Allowance for Loan Losses:
Beginning Balance	1,936	2,606	1,946	1,936
Charge-offs	0	0	0	(35)
Recoveries	41	9	45	14
Provision for loan losses	131	(769)	117	(69)
Ending Balance	2,108	1,846	2,108	1,846
Real Estate Mortgages | Residential
Allowance for Loan Losses:
Beginning Balance	4,801	4,401	4,701	4,460
Charge-offs	(15)	(129)	(15)	(143)
Recoveries	42	109	45	112
Provision for loan losses	(10)	238	87	190
Ending Balance	4,818	4,619	4,818	4,619
Real Estate Mortgages | Commercial
Allowance for Loan Losses:
Beginning Balance	5,215	4,176	5,336	3,635
Charge-offs	0	0	(155)	0
Recoveries	1	25	2	25
Provision for loan losses	179	235	212	776
Ending Balance	5,395	4,436	5,395	4,436
Real Estate Mortgages | Construction
Allowance for Loan Losses:
Beginning Balance	197	142	179	134
Charge-offs	0	0	0	0
Recoveries	28	0	28	5
Provision for loan losses	(26)	70	(8)	73
Ending Balance	199	212	199	212
Consumer automobile loans
Allowance for Loan Losses:
Beginning Balance	1,376	1,735	1,411	1,906
Charge-offs	(48)	(127)	(177)	(223)
Recoveries	13	15	22	32
Provision for loan losses	(34)	201	51	109
Ending Balance	1,307	1,824	1,307	1,824
Other consumer installment loans
Allowance for Loan Losses:
Beginning Balance	114	235	111	261
Charge-offs	(43)	(28)	(103)	(57)
Recoveries	21	12	45	40
Provision for loan losses	18	(175)	57	(200)
Ending Balance	110	44	110	44
Unallocated
Allowance for Loan Losses:
Beginning Balance	384	907	492	1,471
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision for loan losses	72	550	(36)	(14)
Ending Balance	$ 456	$ 1,457	$ 456	$ 1,457

Loans - Schedule of Concentrati

Loans - Schedule of Concentration Risk (Details) - Owners of rental properties - Financing receivable	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Residential
Concentration Risk [Line Items]
Concentration of loans (as a percent)	19.65%	18.15%
Commercial
Concentration Risk [Line Items]
Concentration of loans (as a percent)	16.11%	13.54%

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$ 1,068		$ 1,023
Collectively evaluated for impairment	13,325		13,153
Total ending allowance balance	14,393	$ 14,023	14,176	$ 14,438	$ 14,202	$ 13,803
Loans:
Individually evaluated for impairment	12,740		13,985
Collectively evaluated for impairment	1,476,212		1,377,861
Total ending loans balance	1,488,952		1,391,846
Commercial, financial, and agricultural
Ending allowance balance attributable to loans:
Individually evaluated for impairment	1		2
Collectively evaluated for impairment	2,107		1,944
Total ending allowance balance	2,108	1,936	1,946	1,846	2,606	1,936
Loans:
Individually evaluated for impairment	699		889
Collectively evaluated for impairment	178,304		162,396
Total ending loans balance	179,003		163,285
Real Estate Mortgages | Residential
Ending allowance balance attributable to loans:
Individually evaluated for impairment	192		201
Collectively evaluated for impairment	4,626		4,500
Total ending allowance balance	4,818	4,801	4,701	4,619	4,401	4,460
Loans:
Individually evaluated for impairment	4,710		5,052
Collectively evaluated for impairment	647,249		590,795
Total ending loans balance	651,959		595,847
Real Estate Mortgages | Commercial
Ending allowance balance attributable to loans:
Individually evaluated for impairment	842		800
Collectively evaluated for impairment	4,553		4,536
Total ending allowance balance	5,395	5,215	5,336	4,436	4,176	3,635
Loans:
Individually evaluated for impairment	7,298		7,919
Collectively evaluated for impairment	456,371		438,815
Total ending loans balance	463,669		446,734
Real Estate Mortgages | Construction
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	199		179
Total ending allowance balance	199	197	179	212	142	134
Loans:
Individually evaluated for impairment	0		105
Collectively evaluated for impairment	47,018		37,190
Total ending loans balance	47,018		37,295
Consumer automobile loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment	14		0
Collectively evaluated for impairment	1,293		1,411
Total ending allowance balance	1,307	1,376	1,411	1,824	1,735	1,906
Loans:
Individually evaluated for impairment	14		0
Collectively evaluated for impairment	137,656		139,408
Total ending loans balance	137,670		139,408
Other consumer installment loans
Ending allowance balance attributable to loans:
Individually evaluated for impairment	19		20
Collectively evaluated for impairment	91		91
Total ending allowance balance	110	114	111	44	235	261
Loans:
Individually evaluated for impairment	19		20
Collectively evaluated for impairment	9,614		9,257
Total ending loans balance	9,633		9,277
Unallocated
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	456		492
Total ending allowance balance	$ 456	$ 384	$ 492	$ 1,457	$ 907	$ 1,471

Net Periodic Benefit Cost-Def_3

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net periodic benefit cost of the domestic non-contributory defined benefit plan
Interest cost	$ 138,000	$ 127,000	$ 276,000	$ 254,000
Expected return on plan assets	(413,000)	(386,000)	(825,000)	(772,000)
Amortization of net loss	18,000	47,000	35,000	93,000
Net periodic benefit	$ (257,000)	$ (212,000)	(514,000)	$ (425,000)
Employer contributions made to the defined benefit plan			$ 0

Stock Purchase Plans (Details)

Stock Purchase Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Aug. 27, 2015
Stock Purchase Plans
Common shares issued for employee stock purchase plan	$ 23,000	$ 25,000	$ 44,000	$ 45,000
Options, outstanding (in shares)	919,250	1,075,775	919,250	1,075,775	1,034,525	3,000
Non-Employee Director Compensation Plan
Stock Purchase Plans
Number of shares allowed to be purchased (in shares)	100,000		100,000
Maximum percentage of base compensation			100%
Current percentage of base compensation			50%
Options, outstanding (in shares)	28,700		28,700
Director compensation plan (in shares)			6,990	7,067
Employee Stock
Stock Purchase Plans
Number of shares allowed to be purchased (in shares)	1,500,000		1,500,000
Purchase price of the shares with respect to market value (as a percent)			95%
Maximum percentage of base compensation			15%
Maximum market value			$ 12,000
Number of shares issued under the plan (in shares)			1,903	1,984

Off-Balance Sheet Risk (Details

Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 232,108	$ 201,639
Commitments to extend credit
Off Balance Sheet Risk
Contract amounts representing credit risk	211,827	184,364
Standby letters of credit
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 9,942	7,027
Coverage period for instrument (in years)	1 year
Credit exposure from the sale of assets with recourse
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 10,339	$ 10,248

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Assets (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	$ 980
Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	1,375	$ 1,747
State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	145,148	116,658
Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	44,935	48,005
Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	1,186	1,288
Level I | U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	0
Level I | Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I | State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I | Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I | Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	1,186	1,288
Level II | U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	980
Level II | Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	1,375	1,747
Level II | State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	145,148	116,658
Level II | Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	44,935	48,005
Level II | Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III | U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	0
Level III | Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III | State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III | Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III | Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	$ 0	$ 0

Fair Value Measurements - Non-R

Fair Value Measurements - Non-Recurring Assets (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Impaired loans
Fair Value Measurements [Abstract]
Total assets, fair value	$ 2,041	$ 2,360
Impaired loans | Level I
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Impaired loans | Level II
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Impaired loans | Level III
Fair Value Measurements [Abstract]
Total assets, fair value	2,041	2,360
Other real estate owned
Fair Value Measurements [Abstract]
Total assets, fair value	127	83
Other real estate owned | Level I
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Other real estate owned | Level II
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Other real estate owned | Level III
Fair Value Measurements [Abstract]
Total assets, fair value	$ 127	$ 83

Fair Value Measurements - Signi

Fair Value Measurements - Significant Unobservable Inputs (Details) - Nonrecurring - Level III - Appraisal of collateral $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, fair value	$ 2,041	$ 2,360
Other real estate owned, fair value	$ 127	$ 83
Measurement input, appraised value
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Other real estate owned, measurement input percentage	(0.20)	(0.20)
Measurement input, appraised value | Minimum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input percentage	0	0
Measurement input, appraised value | Maximum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input percentage	(0.20)	(0.34)
Measurement input, appraised value | Weighted Average
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Impaired loans, measurement input percentage	(0.03)	(0.15)
Other real estate owned, measurement input percentage	(0.20)	(0.20)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Level I
Financial assets:
Loans held for sale	$ 3,857	$ 3,725
Loans, net	0	0
Financial liabilities:
Time deposits	0	0
Short-term borrowings	5,464	5,747
Long-term borrowings	0	0
Level II
Financial assets:
Loans held for sale	0	0
Loans, net	0	0
Financial liabilities:
Time deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	0	0
Level III
Financial assets:
Loans held for sale	0	0
Loans, net	1,420,867	1,379,787
Financial liabilities:
Time deposits	145,812	204,512
Short-term borrowings	0	0
Long-term borrowings	108,433	127,679
Carrying Value
Financial assets:
Loans held for sale	3,857	3,725
Loans, net	1,474,739	1,377,971
Financial liabilities:
Time deposits	153,679	205,367
Short-term borrowings	5,464	5,747
Long-term borrowings	112,874	125,963
Fair Value
Financial assets:
Loans held for sale	3,857	3,725
Loans, net	1,420,867	1,379,787
Financial liabilities:
Time deposits	145,812	204,512
Short-term borrowings	5,464	5,747
Long-term borrowings	$ 108,433	$ 127,679

Stock Options - Narrative (Deta

Stock Options - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands									1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 18, 2022	Apr. 09, 2021	Mar. 11, 2020	Mar. 15, 2019	Aug. 24, 2018	Jan. 05, 2018	Mar. 24, 2017	Aug. 27, 2015	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Jan. 01, 2022	Dec. 31, 2021
Employee Stock Purchase Plan
Options, outstanding (in shares)								3,000	919,250	919,250	919,250	1,075,775		1,034,525
Granted (in shares)								58,125			234,000
Granted (in dollars per share)								$ 28.02			$ 24.10
Exercisable period (in years)								5 years
Cash settlement (in shares)								28,875	346,725		346,725
Cash settlement (dollars per share)											$ 30.07
Voluntary cash settlement, expense											$ 183
Cash settlement of options										$ 1,074	$ 1,074
Minimum
Employee Stock Purchase Plan
Repurchase price (dollars per share)											$ 1.4770
Maximum
Employee Stock Purchase Plan
Repurchase price (dollars per share)											$ 3.3685
Tranche One
Employee Stock Purchase Plan
Options, outstanding (in shares)	156,000	156,500	119,300	105,300	0	0	0
Granted (in shares)	156,000	156,500	119,300	120,900	75,300	18,750	69,375				156,000
Granted (in dollars per share)	$ 24.10	$ 24.23	$ 25.34	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Exercisable period (in years)	3 years	3 years	3 years	3 years	3 years	3 years	3 years
Cash settlement (in shares)	0	0	0	0	63,450	18,750	58,125
Tranche Two
Employee Stock Purchase Plan
Options, outstanding (in shares)	78,000	78,000	119,200	103,950	0	0	0
Granted (in shares)	78,000	78,000	119,200	119,100	149,250	18,750	35,625				78,000
Granted (in dollars per share)	$ 24.10	$ 24.23	$ 25.34	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Exercisable period (in years)	5 years	5 years	5 years	5 years	5 years	5 years	5 years
Cash settlement (in shares)	0	0	0	0	125,400	18,750	33,375
Employee Stock Option
Employee Stock Purchase Plan
Options, outstanding (in shares)													1,034,525
Exercisable period (in years)											10 years
Compensation expense											$ 768	$ 527
Number of exercisable options (in shares)									108,300	108,300	108,300
Weighted average remaining contractual term (in years)											7 years 2 months 15 days
Unrecognized compensation cost for non-vested shares									$ 2,088	$ 2,088	$ 2,088
Period for recognition (in years)											1 year 4 months 6 days
Employee Stock Option | Tranche One
Employee Stock Purchase Plan
Exercisable period (in years)											3 years
Employee Stock Option | Tranche Two
Employee Stock Purchase Plan
Exercisable period (in years)											5 years

Stock Options - Schedule of Sto

Stock Options - Schedule of Stock Options Granted (Details) - $ / shares									1 Months Ended	6 Months Ended
	Jan. 18, 2022	Apr. 09, 2021	Mar. 11, 2020	Mar. 15, 2019	Aug. 24, 2018	Jan. 05, 2018	Mar. 24, 2017	Aug. 27, 2015	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Employee Stock Purchase Plan
Shares (in shares)								58,125		234,000
Forfeited (in shares)								(26,250)		(2,550)
Exercised (in shares)								(28,875)	(346,725)	(346,725)
Outstanding (in shares)								3,000	919,250	919,250	1,034,525	1,075,775
Strike price (in dollars per share)								$ 28.02		$ 24.10
Vesting period (in years)								5 years
Expiration (in years)								10 years
Tranche One
Employee Stock Purchase Plan
Shares (in shares)	156,000	156,500	119,300	120,900	75,300	18,750	69,375			156,000
Forfeited (in shares)	0	0	0	(15,600)	(11,850)	0	(11,250)
Exercised (in shares)	0	0	0	0	(63,450)	(18,750)	(58,125)
Outstanding (in shares)	156,000	156,500	119,300	105,300	0	0	0
Strike price (in dollars per share)	$ 24.10	$ 24.23	$ 25.34	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Vesting period (in years)	3 years	3 years	3 years	3 years	3 years	3 years	3 years
Expiration (in years)	10 years	10 years	10 years	10 years	10 years	10 years	10 years
Tranche Two
Employee Stock Purchase Plan
Shares (in shares)	78,000	78,000	119,200	119,100	149,250	18,750	35,625			78,000
Forfeited (in shares)	0	0	0	(15,150)	(23,850)	0	(2,250)
Exercised (in shares)	0	0	0	0	(125,400)	(18,750)	(33,375)
Outstanding (in shares)	78,000	78,000	119,200	103,950	0	0	0
Strike price (in dollars per share)	$ 24.10	$ 24.23	$ 25.34	$ 28.01	$ 30.67	$ 30.07	$ 29.47
Vesting period (in years)	5 years	5 years	5 years	5 years	5 years	5 years	5 years
Expiration (in years)	10 years	10 years	10 years	10 years	10 years	10 years	10 years

Stock Options - Schedule of Opt

Stock Options - Schedule of Options Outstanding (Details) - $ / shares		1 Months Ended	6 Months Ended
	Aug. 27, 2015	Jun. 30, 2022	Jun. 30, 2022
Shares
Outstanding, beginning of year (in shares)			1,034,525
Granted (in shares)	58,125		234,000
Cash settlement (in shares)	28,875	346,725	346,725
Forfeited (in shares)	(26,250)		(2,550)
Expired (in shares)			0
Outstanding, end of period (in shares)	3,000	919,250	919,250
Exercisable, end of period (in shares)		108,300	108,300
Weighted Average Exercise Price
Outstanding, weighted average exercise price (in dollars per share)			$ 27.23
Granted (in dollars per share)	$ 28.02		24.10
Cash settlement (dollars per share)			30.07
Forfeited (in dollars per share)			29.10
Expired (in dollars per share)			0
Outstanding, weighted average exercise price (in dollars per share)		$ 25.36	25.36
Exercisable, end of period (in dollars per share)		$ 28.01	$ 28.01

Stock Options - Fair Value Assu

Stock Options - Fair Value Assumptions (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	1.23%
Expected volatility	33%
Expected Annual dividend (in dollars per share)	$ 1.28
Expected life	6 years 10 months 2 days
Weighted average grant date fair value per option (in dollars per share)	$ 4.28

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Premises and equipment, net	Premises and equipment, net
Finance lease right of use assets	$ 7,220	$ 7,435
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-term borrowings	Long-term borrowings
Finance lease liabilities	$ 7,874	$ 7,963

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance Lease Cost:
Amortization of right-of-use asset	$ 107	$ 107	$ 215	$ 259
Interest expense	62	62	123	133
Operating lease cost	71	74	143	150
Variable lease cost	0	0	0	0
Total Lease Cost	$ 240	$ 243	$ 481	$ 542

Leases - Maturity Schedule (Det

Leases - Maturity Schedule (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Operating
2022	$ 146
2023	265
2024	255
2025	257
2026	260
2027 and thereafter	2,568
Total undiscounted cash flows	3,751
Discount on cash flows	(951)
Total lease liability	2,800	$ 2,898
Finance
2022	210
2023	421
2024	427
2025	929
2026	387
2027 and thereafter	9,276
Total undiscounted cash flows	11,650
Discount on cash flows	(3,776)
Total lease liability	$ 7,874

Leases - Weighted Average Term

Leases - Weighted Average Term and Discount Rate (Details)	Jun. 30, 2022
Operating
Weighted-average term (years)	17 years 3 months 18 days
Weighted-average discount rate	3.54%
Finance
Weighted-average term (years)	23 years 10 months 24 days
Weighted-average discount rate	3.20%

Reclassification of Comparati_2

Reclassification of Comparative Amounts (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Reclassification of Comparative Amounts
Effect of reclassification adjustment on net income or shareholders' equity	$ 0