Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2024 | May 07, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2024 | |
Document Transistion Report | false | |
Entity File Number | 0-26486 | |
Entity Registrant Name | Auburn National Bancorporation, Inc. | |
Entity Incorporation State | DE | |
Entity Tax Identification Number | 63-0885779 | |
Entity Address Address Line 1 | 100 N. Gay Street | |
Entity Address City | Auburn | |
Entity Address State | AL | |
Entity Address Postal Zip | 36830 | |
City Area Code | 334 | |
Local Phone Number | 821-9200 | |
Entity current reporting status | Yes | |
Entity filer category | Non-accelerated Filer | |
Entity Interactive Data Current | Yes | |
Entity Small Business | true | |
Entity Emerging Growth | false | |
Entity Shell Company | false | |
Entity common stock shares outstanding | 3,493,699 | |
Entity central index key | 0000750574 | |
Current fiscal year end date | --12-31 | |
Document Fiscal Year Focus | 2024 | |
Document Period Focus | Q1 | |
Amendment flag | false | |
Title of 12(b) Security | Common Stock, par value $0.01 | |
Trading Symbol | AUBN | |
Security Exchange Name | NASDAQ |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Assets: | ||
Cash And Due From Banks | $ 18,444 | $ 27,127 |
Federal funds sold | 17,356 | 31,412 |
Interest bearing bank deposits | 36,781 | 12,830 |
Cash and cash equivalents | 72,581 | 71,369 |
Available For Sale Securities Debt Securities | 260,770 | 270,910 |
Loans held for sale | 175 | 0 |
Total loans | 567,520 | 557,294 |
Allowance for credit losses | (7,215) | (6,863) |
Loans, net | 560,305 | 550,431 |
Premises and equipment, net | 46,193 | 45,535 |
Bank-owned life insurance | 17,212 | 17,110 |
Other assets | 21,803 | 19,900 |
Total assets | 979,039 | 975,255 |
Deposits: | ||
Noninterest-bearing | 263,484 | 270,723 |
Interest-bearing | 636,189 | 625,520 |
Total deposits | 899,673 | 896,243 |
Federal funds purchased and securities sold under agreements to repurchase | 1,513 | 1,486 |
Accrued expenses and other liabilities | 3,364 | 1,019 |
Total liabilities | 904,550 | 898,748 |
Stockholders' equity: | ||
Preferred stock | 0 | 0 |
Common stock | 39 | 39 |
Additional paid-in capital | 3,802 | 3,801 |
Retained earnings | 113,563 | 113,398 |
Accumulated other comprehensive loss, net | (31,213) | (29,029) |
Less treasury stock, at cost | (11,702) | (11,702) |
Total stockholders' equity | 74,489 | 76,507 |
Total liabilities and stockholders' equity | $ 979,039 | $ 975,255 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Mar. 31, 2024 | Dec. 31, 2023 |
Statement of Financial Position [Abstract] | ||
Preferred stock par value | $ 0.01 | $ 0.01 |
Authorized shares, preferred | 200,000 | 200,000 |
Issued shares, preferred | 0 | 0 |
Common stock par value | $ 0.01 | $ 0.01 |
Authorized shares, common | 8,500,000 | 8,500,000 |
Issued shares, common | 3,957,135 | 3,957,135 |
Treasury stock, shares held | 463,436 | 463,521 |
Consolidated Statements of Earn
Consolidated Statements of Earnings - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest income: | ||
Loans, including fees | $ 6,990 | $ 5,754 |
Securities - Taxable | 1,411 | 1,865 |
Securities - Tax-exempt | 74 | 403 |
Federal funds sold and interest bearing bank deposits | 754 | 213 |
Total interest income | 9,229 | 8,235 |
Interest expense: | ||
Deposits | 2,570 | 1,118 |
Short-term borrowings | 2 | 8 |
Total interest expense | 2,572 | 1,126 |
Net interest income | 6,657 | 7,109 |
Provision for credit losses | 334 | 66 |
Net interest income after provision for loan losses | 6,323 | 7,043 |
Noninterest income: | ||
Service charge on deposit accounts | 156 | 154 |
Mortgage lending | 150 | 93 |
Bank-owned life insurance income | 102 | 156 |
Other noninterest income | 479 | 389 |
Total noninterest income | 887 | 792 |
Noninterest expense: | ||
Salaries and benefits | 3,071 | 2,927 |
Net occupancy and equipment | 763 | 799 |
Professional fees | 326 | 338 |
Other noninterest expense | 1,515 | 1,540 |
Total noninterest expense | 5,675 | 5,604 |
Earnings before income taxes | 1,535 | 2,231 |
Income tax expense | 164 | 267 |
Net earnings | $ 1,371 | $ 1,964 |
Net earnings per share: | ||
Basic and diluted earnings per share | $ 0.39 | $ 0.56 |
Weighted average shares outstanding: | ||
Basic and diluted weighted average shares outstanding | 3,493,663 | 3,502,143 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Statements of Comprehensive Income [Abstract] | ||
Net earnings | $ 1,371 | $ 1,964 |
Other comprehensive income, net of tax: | ||
Unrealized net holding gain (loss) on securities | (2,184) | 5,463 |
Other comprehensive income | (2,184) | 5,463 |
Comprehensive income | $ (813) | $ 7,427 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
dnu | ||
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax | $ 734 | $ 1,834 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Total | Common Stock Member | Additional Paid In Capital Member | Retained Earnings Member | Accumulated Other Comprehensive Income Member | Treasury Stock Member |
Balance, shares at Dec. 31, 2022 | 3,503,452 | |||||
Balance, Beg at Dec. 31, 2022 | $ 68,041,000 | $ 39,000 | $ 3,797,000 | $ 116,600,000 | $ (40,920,000) | $ (11,475,000) |
Cumulative Effect Of Accounting Standard | (821,000) | 0 | 0 | (821,000) | 0 | 0 |
Net earnings | 1,964,000 | 0 | 0 | 1,964,000 | 0 | 0 |
Other Comprehensive Income (Loss), Net Of Tax | 5,463,000 | 0 | 0 | 0 | 5,463,000 | 0 |
Cash Dividends Paid | 945,000 | 0 | 0 | 945,000 | 0 | 0 |
Treasury Stock, acquired | (64,000) | $ 0 | 0 | 0 | 0 | (64,000) |
Treasury Stock, acquired shares | (2,648) | |||||
Sale of treasury stock | 2,000 | $ 0 | 1,000 | 0 | 0 | 1,000 |
Treasury shares sold | 75 | |||||
Balance, End at Mar. 31, 2023 | 73,640,000 | $ 39,000 | 3,798,000 | 116,798,000 | (35,457,000) | (11,538,000) |
Balance, shares at Mar. 31, 2023 | 3,500,879 | |||||
Balance, shares at Dec. 31, 2023 | 3,493,614 | |||||
Balance, Beg at Dec. 31, 2023 | 76,507,000 | $ 39,000 | 3,801,000 | 113,398,000 | (29,029,000) | (11,702,000) |
Cumulative Effect Of Accounting Standard | (263,000) | 0 | 0 | (263,000) | 0 | 0 |
Net earnings | 1,371,000 | 0 | 0 | 1,371,000 | 0 | 0 |
Other Comprehensive Income (Loss), Net Of Tax | (2,184,000) | 0 | 0 | 0 | (2,184,000) | 0 |
Cash Dividends Paid | 943,000 | 0 | 0 | 943,000 | 0 | 0 |
Sale of treasury stock | 1,000 | $ 0 | 1,000 | 0 | 0 | 0 |
Treasury shares sold | 85 | |||||
Balance, End at Mar. 31, 2024 | $ 74,489,000 | $ 39,000 | $ 3,802,000 | $ 113,563,000 | $ (31,213,000) | $ (11,702,000) |
Balance, shares at Mar. 31, 2024 | 3,493,699 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Statement of Stockholders' Equity (Parentheticals) | ||
Cash dividends paid per share | $ 0.27 | $ 0.27 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Cash flows from operating activities: | ||
Net earnings | $ 1,371 | $ 1,964 |
Adjustments to reconcile net earnings to net cash provided by operating activties: | ||
Provision for credit losses | 334 | 66 |
Depreciation and amortization | 434 | 423 |
Premium amortization and discount accretion, net | 386 | 612 |
Net gain on sale of loans held for sale | (57) | (4) |
Loans originated for sale | (3,123) | 0 |
Proceeds from sale of loans | 2,993 | 0 |
Increase in cash surrender value of bank owned life insurance | (102) | (104) |
Income recognized on death benefit of life insurance | (52) | |
Net (increase) decrease in other assets | (1,500) | 4,420 |
Net (decrease) increase in accrued expenses and other liabilities | 2,345 | (2,434) |
Net cash provided by operating activities | 3,081 | 4,891 |
Cash flows from investing activities: | ||
Proceeds from prepayments and maturities of securities available-for-sale | 6,836 | 6,296 |
Decrease in loans, net | (10,208) | (586) |
Net purchases of premises and equipment | (1,043) | (5) |
Proceeds from bank-owned life insurance death benefit | (215) | |
(Increase) decrease in FHLB stock | 32 | 41 |
Net cash (used in) provided by investing activities | (4,383) | 5,961 |
Cash flows from financing activities: | ||
Net increase in noninterest-bearing deposits | (7,239) | (7,207) |
Net increase in interest-bearing deposits | 10,669 | (3,940) |
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase | 27 | (94) |
Stock repurchases | 0 | (64) |
Dividends paid | (943) | (945) |
Net cash provided by financing activities | 2,514 | (12,250) |
Net change in cash and cash equivalents | 1,212 | (1,398) |
Cash and cash equivalents at beginning of period | 71,369 | 27,254 |
Cash and cash equivalents at end of period | 72,581 | 25,856 |
Cash paid during the period for: | ||
Interest | 2,442 | 877 |
Income taxes | $ 0 | $ 0 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2024 | |
Summary of Signficant Accounting Policies | |
Summary of Significant Accounting Policies Text Block | AUBURN NATIONAL Notes to Consolidated Financial Statements (Unaudited) NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES General Auburn National Bancorporation, Inc. (the “Company”) provides a full range of banking services commercial customers in Lee County, (the “Bank”). The Company does not have any segments other than banking that are considered Basis of Presentation and Use of Estimates The unaudited consolidated financial statements in this report have been prepared accepted accounting principles (“GAAP”) for interim financial information. include all of the information and footnotes required by U.S. GAAP for complete financial consolidated financial statements include, in the opinion of management, all adjustments statement of the financial position and the results of operations for all periods normal recurring nature. The results of operations in the interim statements are not necessarily operations that the Company and its subsidiaries may achieve for future interim periods information, refer to the consolidated financial statements and footnotes included in the Company's 10-K for the year ended December 31, 2023. The unaudited consolidated financial statements include the accounts of the Significant intercompany transactions and accounts are eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires assumptions that affect the reported amounts of assets and liabilities and disclosures the balance sheet date and the reported amounts of revenues and expenses during the reporting period. differ from those estimates. include the determination of allowance for credit losses on loans and investment instruments, and the valuation of deferred tax assets and other real estate owned (“OREO”). Revenue Recognition The Company’s sources of income that fees and gains and losses on sales of other real estate, all of which are presented as components of following is a summary of the revenue streams that fall within the scope of ASC 606: ● Service charges on deposits, investment services, ATM (i) transaction-based, for which the performance obligations are satisfied processed, or (ii) set periodic service charges, for which the performance the service is provided. Transaction-based service charges are recognized over the service period. ● Gains on sales of OREO A gain on sale should be recognized when a contract for sale exists and control of the asset has been transferred to the buyer. exists, including a determination that the institution will collect substantially all of the consideration entitled. is based on various other factors, including the credit quality of the purchaser, other factors that we believe may affect collectability. Subsequent Events The Company has evaluated the effects of events and transactions through subsequent to March 31, 2024. period that would have required further recognition or disclosure in the unaudited included in this report. Correction of Error The disclosure of loans by vintage in Note 5 – Loans and Allowance for Credit Form 10-K for year ended December 31, 2023 contained incorrect information as it pertains and revolving loans. indicator were correctly reported. corrected in the comparative presentation in Note 5 – Loans and Allowance for Credit Losses Reclassifications Certain amounts reported in prior periods have been reclassified to conform to the current reclassifications had no effect on the Company’s Accounting Standards Adopted in 2024 On January 1, 2024, the Company adopted ASU 2023-02, Investments – Equity Method and Joint Ventures Accounting for Investments in Tax . Update permit reporting entities to elect to account for their equity investments made primarily credits and other income tax benefits, using the proportional amortization method if certain conditions are met. The new standard interim periods within those fiscal years, beginning after December 15, effective January 1, 2024 and recorded a cumulative effect of change beginning retained earnings by $0.3 million. Tax Credits (“NMTCs”) Note 3, Variable |
Basic and Diluted Earnings Per
Basic and Diluted Earnings Per Share | 3 Months Ended |
Mar. 31, 2024 | |
Basic and Diluted Earnings Per Share [Abstract] | |
Basic and Diluted Earnings Per Share Text Block | NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE Basic net earnings per share is computed by dividing net earnings by the weighted average the quarters ended March 31, 2024 and 2023, respectively. could occur upon exercise of securities or other rights for, March 31, 2024 and 2023, respectively, no dilutive effect to consider for the diluted net earnings per share calculation. The basic and diluted net earnings per share computations for the respective periods Quarter ended March 31, (Dollars in thousands, except share and per share data) 2024 2023 Basic and diluted: Net earnings $ 1,371 $ 1,964 Weighted average common 3,493,663 3,502,143 Net earnings per share $ 0.39 $ 0.56 |
Variable Interest Entities
Variable Interest Entities | 3 Months Ended |
Mar. 31, 2024 | |
Variable Interest Entity [Abstract] | |
Variable Interest Entity (Text Block Disclosure] | NOTE 3: VARIABLE Generally, a variable interest entity (“VIE”) equity investors with substantive or proportional voting rights or has equity investors resources for the entity to support its activities. At March 31, 2024, the Company did not have any consolidated VIEs but did have one nonconsolidated below. New Markets Tax The promotes available to investors over seven years and are subject to 2024 respectively, Company’s VIE because the VIE. On March 29, 2023, the FASB We proportional amortization credits and other tax of the January 1, 2024. (Dollars in thousands) Maximum Loss Exposure Asset Recognized Classification Type: New Markets Tax Credit investment $ 1,175 $ 1,175 Other assets |
Securities
Securities | 3 Months Ended |
Mar. 31, 2024 | |
Investments debt and equity securities [Abstract] | |
Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosure Text Block | NOTE 4: SECURITIES At March 31, 2024 and December 31, 2023, respectively, Investments – Debt and Equity Securities, were classified as available-for-sale. sale by contractual maturity at March 31, 2024 and December 31, 2023, 1 year 1 to 5 5 to 10 After 10 Fair Gross Unrealized Amortized (Dollars in thousands) or less years years years Value Gains Losses Cost March 31, 2024 Agency obligations (a) $ — 14,416 38,335 — 52,751 — 8,554 $ 61,305 Agency MBS (a) 57 15,533 20,254 154,380 190,224 — 30,229 220,453 State and political subdivisions — 569 9,067 8,159 17,795 — 2,898 20,693 Total available-for-sale $ 57 30,518 67,656 162,539 260,770 — 41,681 $ 302,451 December 31, 2023 Agency obligations (a) $ 331 10,339 43,209 — 53,879 — 8,195 $ 62,074 Agency MBS (a) 32 15,109 22,090 161,058 198,289 — 27,838 226,127 State and political subdivisions — — 9,691 9,051 18,742 1 2,731 21,472 Total available-for-sale $ 363 25,448 74,990 170,109 270,910 1 38,764 $ 309,673 (a) Includes securities issued by U.S. government agencies or government-sponsored securities may differ from contractual maturities because (i) obligations with or without prepayment penalties and (ii) loans incuded in Agency MBS prepay such loan in whole or in part at any time. Securities with aggregate fair values of $ 204.8 211.8 were pledged to secure public deposits, securities sold under agreements to repurchase, Atlanta (“FHLB of Atlanta”) advances, and for other purposes required or Included in other assets on the accompanying consolidated balance sheets include non-marketable carrying amounts of non-marketable equity investments were $ 1.4 respectively. (“FRB”) stock, and stock in a privately held financial institution. Gross Unrealized Losses and Fair Value The fair values and gross unrealized losses on securities at March 31, 2024 segregated by those securities that have been in an unrealized loss position for longer, are presented below. Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses March 31, 2024: Agency obligations $ — — 52,751 8,554 $ 52,751 8,554 Agency MBS 15 — 190,209 30,229 190,224 30,229 State and political subdivisions 1,459 6 15,010 2,892 16,469 2,898 Total $ 1,474 6 257,970 41,675 $ 259,444 41,681 December 31, 2023: Agency obligations $ — — 53,879 8,195 $ 53,879 8,195 Agency MBS 66 1 198,223 27,837 198,289 27,838 State and political subdivisions 793 2 14,408 2,729 15,201 2,731 Total $ 859 3 266,510 38,761 $ 267,369 38,764 For the securities in the previous table, the Company considers the severity of the unrealized intent to hold the securities to maturity or the recovery of the cost basis. income as the decline in fair value is largely due to changes in interest rates and other in the previous table as of March 31, 2024, management does not intend to sell and it is likely that required to sell the securities prior to their recovery. Agency Obligations Investments in agency obligations are guaranteed of full and timely payments management's analysis and judgement, there were no credit losses attributable obligations at March 31, 2024. Agency MBS Investments in agency mortgage backed securities (“MBS”) are issued by Ginnie Mae, Each of these agencies provide a guarantee of full and timely payments of principal and Based on management's analysis and judgement, there were no credit losses attributable agency MBS at March 31, 2024. State and Political Subdivisions Investments in state and political subdivisions are securities issued by various majority of the portfolio was rated AA or higher, Based on management's analysis and judgement, there were no credit losses attributable state and political subdivisions at March 31, 2024. Realized Gains and Losses The Company had no realized gains or losses on sale of securities during the quarters ended respectively. |
Loan and Allowance for Credit L
Loan and Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2024 | |
Loans And Leases Receivable Disclosure [Abstract] | |
Loans and leases receivable disclosure [Text Block] | NOTE 5: LOANS AND ALLOWANCE March 31, December 31, (Dollars in thousands) 2024 2023 Commercial and industrial $ 78,920 $ 73,374 Construction and land development 58,909 68,329 Commercial real estate: Owner occupied 63,826 66,783 Hotel/motel 38,822 39,131 Multi-family 45,634 45,841 Other 152,202 135,552 Total commercial real estate 300,484 287,307 Residential real estate: Consumer mortgage 59,813 60,545 Investment property 58,427 56,912 Total residential real estate 118,240 117,457 Consumer installment 10,967 10,827 Total Loans $ 567,520 $ 557,294 Loans secured by real estate were approximately 84.2% of the Company’s 31, 2024, the Company’s geographic surrounding areas. The loan portfolio segment is defined as the level at which an entity develops and documents a determining its allowance for credit losses. As part of the Company’s portfolio included the following portfolio segments: commercial and industrial, commercial real estate, residential real estate, and consumer installment. Where appropriate, segments are further disaggregated into classes. A class is generally determined based risk characteristics of the loan, and an entity’s The following describes Commercial and industrial (“C&I”) — includes loans to finance business operations, equipment purchases, or for small and medium-sized commercial customers. Also included production. borrower. Construction and land development (“C&D”) — includes both loans and credit lines for the purpose of purchasing, carrying, lines for construction of residential, multi-family, dependent upon the sale or refinance of the real estate collateral. Commercial real estate includes loans in these classes: ● Owner occupied owner-occupied facilities primarily for small and medium-sized source of repayment is the cash flow from business operations and activities of the borrower, property. ● Hotel/motel – includes loans for hotels and motels. income generated from the hotel/motel securing the loan. the occupancy and rental rates, as well as the financial health of the borrower. ● Multi-family for 5 or more unit residential properties and apartments leased to residents. Generally repayment is dependent upon income generated from the real estate collateral. takes into consideration the occupancy and rental rates, ● Other multi-family properties, and which retail centers, medical and professional offices, single retail stores, local and other businesses. the real estate collateral. The underwriting of these loans takes into consideration as well as the financial health of the borrower. Residential real estate (“RRE”) — includes loans in these two classes: ● Consumer mortgage consumers that are secured by a primary residence or second home. These loans are underwritten with the Bank’s general loan policies and each borrower’s financial condition, satisfactory credit history ● Investment property Generally, securing the loan. The underwriting of these loans takes into consideration the rental rates and well as the financial health of the borrowers. Consumer installment — includes loans to individuals, include personal lines of credit, automobile loans, and other retail loans. the Bank’s general loan policies and procedures borrower’s financial condition, satisfactory credit history, The following is a summary of current, accruing past due, and nonaccrual loans by portfolio 31, 2024 and December 31, 2023. Accruing Accruing Total 30-89 Days Greater than Accruing Non- Total (Dollars in thousands) Current Past Due 90 days Loans Accrual Loans March 31, 2024: Commercial and industrial $ 78,914 6 — 78,920 — $ 78,920 Construction and land development 58,909 — — 58,909 — 58,909 Commercial real estate: Owner occupied 63,061 — — 63,061 765 63,826 Hotel/motel 38,822 — — 38,822 — 38,822 Multi-family 45,634 — — 45,634 — 45,634 Other 152,202 — — 152,202 — 152,202 Total commercial real estate 299,719 — — 299,719 765 300,484 Residential real estate: Consumer mortgage 59,656 60 — 59,716 97 59,813 Investment property 58,427 — — 58,427 — 58,427 Total residential real estate 118,083 60 — 118,143 97 118,240 Consumer installment 10,935 16 — 10,951 16 10,967 Total $ 566,560 82 — 566,642 878 $ 567,520 December 31, 2023: Commercial and industrial $ 73,108 266 — 73,374 — $ 73,374 Construction and land development 68,329 — — 68,329 — 68,329 Commercial real estate: Owner occupied 66,000 — — 66,000 783 66,783 Hotel/motel 39,131 — — 39,131 — 39,131 Multi-family 45,841 — — 45,841 — 45,841 Other 135,552 — — 135,552 — 135,552 Total commercial real estate 286,524 — — 286,524 783 287,307 Residential real estate: Consumer mortgage 60,442 — — 60,442 103 60,545 Investment property 56,597 290 — 56,887 25 56,912 Total residential real estate 117,039 290 — 117,329 128 117,457 Consumer installment 10,781 46 — 10,827 — 10,827 Total $ 555,781 602 — 556,383 911 $ 557,294 Credit Quality Indicators The credit quality of the loan portfolio is summarized no less frequently than quarterly using categories standard asset classification system used by the federal banking agencies. associated allowance for credit losses using historical losses adjusted defined as follows: ● Pass – loans which are well protected by the current net worth and paying capacity any) or by the fair value, less cost to acquire and sell, of any underlying collateral. ● Special Mention – loans with potential weakness that may, inadequately protect the Company’s position not expose an institution to sufficient risk to warrant an adverse ● Substandard Accruing – loans that exhibit a well-defined weakness which presently jeopardizes even though they are currently performing. These loans are characterized by the distinct possibility Company may incur a loss in the future if these weaknesses are not corrected ● Nonaccrual – includes loans where management has determined that expected. Year of Origination 2024 2023 2022 2021 2020 Prior to 2020 Revolving Loans Total Loans (Dollars in thousands) March 31, 2024: Commercial and industrial Pass $ 6,167 10,960 19,891 13,067 5,429 14,697 8,449 $ 78,660 Special mention — — — — — — — — Substandard 54 — 194 12 — — — 260 Nonaccrual — — — — — — — — Total commercial and industrial 6,221 10,960 20,085 13,079 5,429 14,697 8,449 78,920 Current period gross charge-offs — — — — — — — — Construction and land development Pass 5,668 26,093 22,446 1,615 1,506 200 905 58,433 Special mention — 302 — — — — — 302 Substandard 174 — — — — — — 174 Nonaccrual — — — — — — — — Total construction and land development 5,842 26,395 22,446 1,615 1,506 200 905 58,909 Current period gross charge-offs — — — — — — — — Commercial real estate: Owner occupied Pass 100 12,842 7,197 18,076 10,283 10,744 2,583 61,825 Special mention 931 257 — — — — — 1,188 Substandard — — — — — 48 — 48 Nonaccrual — — — — — 765 — 765 Total owner occupied 1,031 13,099 7,197 18,076 10,283 11,557 2,583 63,826 Current period gross charge-offs — — — — — — — — Hotel/motel Pass 248 8,925 9,765 3,174 1,445 15,265 — 38,822 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total hotel/motel 248 8,925 9,765 3,174 1,445 15,265 — 38,822 Current period gross charge-offs — — — — — — — — Year of Origination 2024 2023 2022 2021 2020 Prior to 2020 Revolving Loans Total Loans (Dollars in thousands) March 31, 2024: Multi-family Pass 113 12,270 17,834 1,934 6,060 6,682 741 45,634 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family 113 12,270 17,834 1,934 6,060 6,682 741 45,634 Current period gross charge-offs — — — — — — — — Other Pass 19,687 24,583 35,601 31,278 14,036 25,552 1,313 152,050 Special mention — — — — — — — — Substandard — — — — 152 — — 152 Nonaccrual — — — — — — — — Total other 19,687 24,583 35,601 31,278 14,188 25,552 1,313 152,202 Current period gross charge-offs — — — — — — — — Residential real estate: Consumer mortgage Pass 1,276 19,445 19,230 2,682 2,636 13,106 327 58,702 Special mention — — — — — 493 — 493 Substandard — — — — — 521 — 521 Nonaccrual — — — — — 97 — 97 Total consumer mortgage 1,276 19,445 19,230 2,682 2,636 14,217 327 59,813 Current period gross charge-offs — — — — — — — — Investment property Pass 5,736 12,255 11,396 9,219 11,829 6,214 1,369 58,018 Special mention — — — — — — — — Substandard — 83 96 — 230 — — 409 Nonaccrual — — — — — — — — Total investment property 5,736 12,338 11,492 9,219 12,059 6,214 1,369 58,427 Current period gross charge-offs — — — — — — — — Consumer installment Pass 2,095 5,157 2,690 570 148 222 — 10,882 Special mention — 10 1 — 1 — — 12 Substandard 10 34 11 2 — — — 57 Nonaccrual — 9 7 — — — — 16 Total consumer installment 2,105 5,210 2,709 572 149 222 — 10,967 Current period gross charge-offs — 6 17 1 — — — 24 Total loans Pass 41,090 132,530 146,050 81,615 53,372 92,682 15,687 563,026 Special mention 931 569 1 — 1 493 — 1,995 Substandard 238 117 301 14 382 569 — 1,621 Nonaccrual — 9 7 — — 862 — 878 Total loans $ 42,259 133,225 146,359 81,629 53,755 94,606 15,687 $ 567,520 Total current period gross charge-offs $ — 6 17 1 — — — 24 Year of Origination 2023 2022 2021 2020 2019 Prior to 2019 Revolving Loans Total Loans (Dollars in thousands) December 31, 2023: Commercial and industrial Pass $ 11,571 18,074 13,746 5,602 7,298 7,819 9,003 $ 73,113 Special mention — — — — — — — — Substandard 55 203 — — 3 — — 261 Nonaccrual — — — — — — — — Total commercial and industrial 11,626 18,277 13,746 5,602 7,301 7,819 9,003 73,374 Current period gross charge-offs — — 13 — 151 — — 164 Construction and land development Pass 38,646 25,382 1,716 1,526 120 157 782 68,329 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total construction and land development 38,646 25,382 1,716 1,526 120 157 782 68,329 Current period gross charge-offs — — — — — — — — Commercial real estate: Owner occupied Pass 12,966 7,337 18,548 10,458 3,948 9,786 2,647 65,690 Special mention 260 — — — — — — 260 Substandard — — — — 50 — — 50 Nonaccrual — — — — 783 — — 783 Total owner occupied 13,226 7,337 18,548 10,458 4,781 9,786 2,647 66,783 Current period gross charge-offs — — — — — — — — Hotel/motel Pass 9,025 9,873 3,205 1,493 3,881 11,654 — 39,131 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total hotel/motel 9,025 9,873 3,205 1,493 3,881 11,654 — 39,131 Current period gross charge-offs — — — — — — — — Year of Origination 2023 2022 2021 2020 2019 Prior to 2019 Revolving Loans Total Loans (Dollars in thousands) December 31, 2023: Multi-family Pass 12,379 17,955 1,953 6,112 3,790 3,043 609 45,841 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family 12,379 17,955 1,953 6,112 3,790 3,043 609 45,841 Current period gross charge-offs — — — — — — — — Other Pass 25,810 36,076 31,687 14,597 10,736 15,440 1,052 135,398 Special mention — — — — — — — — Substandard — — — 154 — — — 154 Nonaccrual — — — — — — — — Total other 25,810 36,076 31,687 14,751 10,736 15,440 1,052 135,552 Current period gross charge-offs — — — — — — — — Residential real estate: Consumer mortgage Pass 20,147 20,177 2,683 2,665 1,281 12,217 249 59,419 Special mention — — — — 190 305 — 495 Substandard — — — — — 528 — 528 Nonaccrual — — — — — 103 — 103 Total consumer mortgage 20,147 20,177 2,683 2,665 1,471 13,153 249 60,545 Current period gross charge-offs — — — — — — — — Investment property Pass 13,398 12,490 9,397 12,209 5,485 1,865 1,478 56,322 Special mention 41 — — — — — — 41 Substandard 43 248 — 233 — — — 524 Nonaccrual — — — — — 25 — 25 Total investment property 13,482 12,738 9,397 12,442 5,485 1,890 1,478 56,912 Current period gross charge-offs — — — — — — — — Consumer installment Pass 5,688 3,837 740 206 106 141 — 10,718 Special mention 9 25 9 2 — — — 45 Substandard 37 11 5 11 — — — 64 Nonaccrual — — — — — — — - Total consumer installment 5,734 3,873 754 219 106 141 — 10,827 Current period gross charge-offs 34 57 13 1 — — — 105 Total loans Pass 149,630 151,201 83,675 54,868 36,645 62,122 15,820 553,961 Special mention 310 25 9 2 190 305 — 841 Substandard 135 462 5 398 53 528 — 1,581 Nonaccrual — — — — 783 128 — 911 Total loans $ 150,075 151,688 83,689 55,268 37,671 63,083 15,820 $ 557,294 Total current period gross charge-offs $ 34 57 26 1 151 — — 269 Allowance for Credit Losses The Company adopted ASC 326 on January 1, 2023, which introduced the CECL losses over the life of a financial asset. Under the CECL methodology, collective basis for pools of loans with similar risk characteristics, and for loans that do with the collectively evaluated pools, evaluations are performed on an individual The composition of the provision for credit losses for the respective periods Quarter ended March 31, (Dollars in thousands) 2024 2023 Provision for credit losses: Loans $ 285 $ 40 Reserve for unfunded commitments 49 26 Total provision for credit $ 334 $ 66 The following table details the changes in the allowance for credit losses for loans, by portfolio periods. (Dollars in thousands) Commercial and industrial Construction and land development Commercial real estate Residential real estate Consumer installment Total Quarter ended: March 31, 2024 Beginning balance $ 1,288 960 3,921 546 148 $ 6,863 Charge-offs — — — — (24) (24) Recoveries 66 — — 3 22 91 Net recoveries (charge-offs) 66 — — 3 (2) 67 Provision for credit losses 61 (120) 281 64 (1) 285 Ending balance $ 1,415 840 4,202 613 145 $ 7,215 Quarter ended: March 31, 2023 Beginning balance $ 747 949 3,109 828 132 $ 5,765 Impact of adopting ASC 326 532 (17) 873 (347) (22) 1,019 Charge-offs — — — — (11) (11) Recoveries 2 — — 5 1 8 Net recoveries (charge-offs) 2 — — 5 (10) (3) Provision for credit losses (49) 89 (16) 11 5 40 Ending balance $ 1,232 1,021 3,966 497 105 $ 6,821 The following table presents the amortized cost basis of collateral dependent loans, which determine expected credit losses as of March 31, 2024 and December 31, 2023: (Dollars in thousands) Real Estate Total Loans March 31, 2024: Commercial real estate $ 765 $ 765 Total $ 765 $ 765 December 31, 2023: Commercial real estate $ 783 $ 783 Total $ 783 $ 783 The following table is a summary of the Company’s December 31, 2023. CECL Nonaccrual loans Nonaccrual loans Total (Dollars in thousands) with no Allowance with an Allowance Nonaccrual Loans March 31, 2024 Commercial real estate $ 765 — 765 Residential real estate — 97 97 Consumer — 16 16 Total $ 765 113 878 December 31, 2023 Commercial real estate $ 783 — 783 Residential real estate — 128 128 Total $ 783 128 911 |
Mortgage Servicing Rights, Net
Mortgage Servicing Rights, Net | 3 Months Ended |
Mar. 31, 2024 | |
Mortgage Servicing [Abstract] | |
Transfers and Servicing of Financial Assets [Text Block] | NOTE 6: MORTGAGE SERVICING Mortgage servicing rights (“MSRs”) are recognized based on the fair value of the corresponding mortgage loans are sold. participants would use in estimating future net servicing income, including estimates default rates, cost to service, escrow account earnings, contractual servicing Subsequent to the date of transfer, the Company the amortization method, MSRs are amortized in proportion to, and over the period Increases in market interest rates generally increase the fair value of MSRs by reducing therefore reducing the prepayment speed. The Company has recorded MSRs related to loans sold to Fannie Mae. rate, closed-end, residential mortgages to Fannie Mae. consolidated balance sheets. The Company evaluates MSRs for impairment on a quarterly basis. groupings based on predominant risk characteristics, such as interest rate and loan type. carrying amount of the MSRs exceeds fair value, a valuation allowance is established. as the fair value changes. lending income. The change in amortized MSRs and the related valuation allowance for the quarters presented below. Quarter ended March 31, (Dollars in thousands) 2024 2023 MSRs, net: Beginning balance $ 992 $ 1,151 Additions, net 12 — Amortization expense (39) (55) Ending balance $ 965 $ 1,096 Valuation Beginning of period $ — $ — End of period — — Fair value of amortized MSRs: Beginning of period $ 2,382 $ 2,369 End of period 2,378 2,419 |
Fair Value Disclosures
Fair Value Disclosures | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures Text Block | NOTE 7: FAIR VALUE Fair Value “Fair value” is defined by ASC 820, Fair Value , and focuses on the exit price, i.e., the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction occurring market (or most advantageous market in the absence of a principal GAAP establishes a fair value hierarchy for valuation inputs that gives the highest priority markets for identical assets or liabilities and the lowest priority to unobservable inputs. follows: Level 1—inputs to the valuation methodology are quoted prices, unadjusted, for identical markets. Level 2—inputs to the valuation methodology include quoted prices for similar assets and quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs that asset or liability, either directly or Level 3—inputs to the valuation methodology are unobservable and reflect the inputs market participants would use in pricing the asset or liability. Level changes in fair value measurements Transfers between levels of the fair value hierarchy are generally Company monitors the valuation techniques utilized for each category of transfers between levels have been affected. that transfers in and out of any level are expected to be infrequent. For the quarter ended transfers between levels and no changes in valuation techniques for the Company’s Assets and liabilities measured at fair value on a recurring Securities available-for-sale Fair values of securities available for sale were primarily measured using obtains pricing data from third party pricing services. include broker/dealer quotes, market spreads, cash flows, benchmark yields, reported consensus prepayment speeds, credit information, and the securities’ terms and management reviews the pricing data received from the third party pricing services conditions. value measurements. pricing services to another independent valuation firm on a sample basis. prices valuation methodologies used with management. The following table presents the balances of the assets and liabilities measured at fair value 31, 2024 and December 31, 2023, respectively, valuation hierarchy (as described above). Quoted Prices in Significant Active Markets Other Significant for Observable Unobservable Identical Assets Inputs Inputs (Dollars in thousands) Amount (Level 1) (Level 2) (Level 3) March 31, 2024: Securities available-for-sale: Agency obligations $ 52,751 — 52,751 — Agency MBS 190,224 — 190,224 — State and political subdivisions 17,795 — 17,795 — Total securities available-for-sale 260,770 — 260,770 — Total $ 260,770 — 260,770 — December 31, 2023: Securities available-for-sale: Agency obligations $ 53,879 — 53,879 — Agency MBS 198,289 — 198,289 — State and political subdivisions 18,742 — 18,742 — Total securities available-for-sale 270,910 — 270,910 — Total $ 270,910 — 270,910 — Assets and liabilities measured at fair value on a nonrecurring Collateral Dependent Loans Collateral dependent loans are measured at the fair value of the collateral securing the loan fair value of real estate collateral is determined based on real estate appraisals comparable properties which are then adjusted for property specific factors. various sources, including third party asset valuations and internally determined depreciation and other judgmentally determined discount factors. Collateral the hierarchy due to the unobservable inputs used in determining their fair value such as collateral underlying financial condition. Mortgage servicing rights, net MSRs, net, included in other assets on the accompanying consolidated balance sheets, estimated fair value. MSRs, the Company engages an independent third party. present value of estimated future net servicing income using assumptions that future net servicing income, including estimates of mortgage prepayment speeds, service, escrow account earnings, contractual servicing fee income, ancillary Company will review broker surveys and other market research to validate significant unobservable inputs include mortgage prepayment speeds or weighted average discount rate. the Company’s MSRs are classified The following table presents the balances of the assets and liabilities measured at fair value March 31, 2024 and December 31, 2023, respectively, FASB ASC 820 valuation Quoted Prices in Active Markets Other Significant for Observable Unobservable Carrying Identical Assets Inputs Inputs (Dollars in thousands) Amount (Level 1) (Level 2) (Level 3) March 31, 2024: Loans held for sale $ 175 — 175 — Loans, net (1) 765 — — 765 Other assets (2) 965 — — 965 Total assets at fair value $ 1,905 — 175 1,730 December 31, 2023: Loans, net (1) $ 783 — — 783 Other assets (2) 992 — — 992 Total assets at fair value $ 1,775 — — 1,775 (1) Loans considered collateral dependent under ASC 326. (2) Represents MSRs, net, carried at lower of cost or Quantitative Disclosures for Level 3 Fair Value At March 31, 2024 and December 31, 2023, the Company had no Level 3 assets measured For Level 3 assets measured at fair value on a non-recurring basis at March 31, 2024 significant unobservable inputs used in the fair value measurements and are presented below. Range of Weighted Carrying Significant Unobservable Average (Dollars in thousands) Amount Valuation Technique Unobservable Input Inputs of Input March 31, 2024: Collateral dependent loans $ 765 Appraisal Appraisal discounts 10.0 - 10.0 % 10.0 % Mortgage servicing rights, net 965 Discounted cash flow Prepayment speed or CPR 6.3 - 11.3 6.6 Discount rate 10.0 - 12.0 10.0 December 31, 2023: Collateral dependent loans $ 783 Appraisal Appraisal discounts 10.0 - 10.0 % 10.0 % Mortgage servicing rights, net 992 Discounted cash flow Prepayment speed or CPR 5.9 - 10.6 6.0 Discount rate 10.5 - 12.5 10.5 Fair Value ASC 825, Financial Instruments , requires disclosure of fair value information about financial instruments, recognized on the face of the balance sheet, where it is practicable to estimation of the fair value of the Company’s not available, fair values are based on estimates using discounted cash flow analyses. significantly affected by the assumptions used, including the discount rate following fair value estimates cannot be substantiated by comparison to independent representative of the liquidation value of the Company’s value of financial instruments held by the Company. instruments from its disclosure requirements. The following methods and assumptions were used by the Company in estimating the fair Loans, net Fair values for loans were calculated using discounted cash flows. The discount rates reflected loans would be made for the same remaining maturities. Expected future cash cash flows, adjusted for estimated prepayments. Loans held for sale Fair values of loans held for sale are determined using quoted secondary market Time Deposits Fair values for time deposits were estimated using discounted cash flows. The offered for deposits with similar remaining maturities. The carrying value, instruments at March 31, 2024 and December 31, 2023 are presented below. which the carrying amount approximates fair value. included cash and cash equivalents. noninterest-bearing demand deposits, carrying value in these financial liabilities due to these products having no stated liabilities for which fair value approximates carrying value included overnight and securities sold under agreements to repurchase. Fair Value Hierarchy Carrying Estimated Level 1 Level 2 Level 3 (Dollars in thousands) amount fair value inputs inputs Inputs March 31, 2024: Financial Assets: Loans, net (1) $ 560,305 $ 522,379 $ — $ — $ 522,379 Loans held for sale 175 175 — 175 — Financial Liabilities: Time Deposits $ 190,603 $ 188,651 $ — $ 188,651 $ — December 31, 2023: Financial Assets: Loans, net (1) $ 550,431 $ 526,372 $ — $ — $ 526,372 Financial Liabilities: Time Deposits $ 198,215 $ 195,171 $ — $ 195,171 $ — (1) Represents loans, net of allowance for credit losses. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
Summary of Signficant Accounting Policies | |
Nature of Business Policy | General Auburn National Bancorporation, Inc. (the “Company”) provides a full range of banking services commercial customers in Lee County, (the “Bank”). The Company does not have any segments other than banking that are considered |
Basis of Presentation Policy | Basis of Presentation and Use of Estimates The unaudited consolidated financial statements in this report have been prepared accepted accounting principles (“GAAP”) for interim financial information. include all of the information and footnotes required by U.S. GAAP for complete financial consolidated financial statements include, in the opinion of management, all adjustments statement of the financial position and the results of operations for all periods normal recurring nature. The results of operations in the interim statements are not necessarily operations that the Company and its subsidiaries may achieve for future interim periods information, refer to the consolidated financial statements and footnotes included in the Company's 10-K for the year ended December 31, 2023. |
Consolidation Policy | The unaudited consolidated financial statements include the accounts of the Significant intercompany transactions and accounts are eliminated in consolidation. |
Use of Estimates Policy | The preparation of financial statements in conformity with U.S. GAAP requires assumptions that affect the reported amounts of assets and liabilities and disclosures the balance sheet date and the reported amounts of revenues and expenses during the reporting period. differ from those estimates. include the determination of allowance for credit losses on loans and investment instruments, and the valuation of deferred tax assets and other real estate owned (“OREO”). |
Revenue Recognition Policy | Revenue Recognition The Company’s sources of income that fees and gains and losses on sales of other real estate, all of which are presented as components of following is a summary of the revenue streams that fall within the scope of ASC 606: ● Service charges on deposits, investment services, ATM (i) transaction-based, for which the performance obligations are satisfied processed, or (ii) set periodic service charges, for which the performance the service is provided. Transaction-based service charges are recognized over the service period. ● Gains on sales of OREO A gain on sale should be recognized when a contract for sale exists and control of the asset has been transferred to the buyer. exists, including a determination that the institution will collect substantially all of the consideration entitled. is based on various other factors, including the credit quality of the purchaser, other factors that we believe may affect collectability. |
Subsequent Events Policy | Subsequent Events The Company has evaluated the effects of events and transactions through subsequent to March 31, 2024. period that would have required further recognition or disclosure in the unaudited included in this report. |
Error Correction | Correction of Error The disclosure of loans by vintage in Note 5 – Loans and Allowance for Credit Form 10-K for year ended December 31, 2023 contained incorrect information as it pertains and revolving loans. indicator were correctly reported. corrected in the comparative presentation in Note 5 – Loans and Allowance for Credit Losses |
Reclassification Policy | Reclassifications Certain amounts reported in prior periods have been reclassified to conform to the current reclassifications had no effect on the Company’s |
Accounting Developments | Accounting Standards Adopted in 2024 On January 1, 2024, the Company adopted ASU 2023-02, Investments – Equity Method and Joint Ventures Accounting for Investments in Tax . Update permit reporting entities to elect to account for their equity investments made primarily credits and other income tax benefits, using the proportional amortization method if certain conditions are met. The new standard interim periods within those fiscal years, beginning after December 15, effective January 1, 2024 and recorded a cumulative effect of change beginning retained earnings by $0.3 million. Tax Credits (“NMTCs”) Note 3, Variable |
Basic and Diluted Earnings Pe_2
Basic and Diluted Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Basic and Diluted Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Quarter ended March 31, (Dollars in thousands, except share and per share data) 2024 2023 Basic and diluted: Net earnings $ 1,371 $ 1,964 Weighted average common 3,493,663 3,502,143 Net earnings per share $ 0.39 $ 0.56 |
Variable Interest Entity (Table
Variable Interest Entity (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Variable Interest Entity [Abstract] | |
Variable Interest Entity [Table Text Block] | (Dollars in thousands) Maximum Loss Exposure Asset Recognized Classification Type: New Markets Tax Credit investment $ 1,175 $ 1,175 Other assets |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Investments debt and equity securities [Abstract] | |
Available-for-sale Securities [Table Text Block] | 1 year 1 to 5 5 to 10 After 10 Fair Gross Unrealized Amortized (Dollars in thousands) or less years years years Value Gains Losses Cost March 31, 2024 Agency obligations (a) $ — 14,416 38,335 — 52,751 — 8,554 $ 61,305 Agency MBS (a) 57 15,533 20,254 154,380 190,224 — 30,229 220,453 State and political subdivisions — 569 9,067 8,159 17,795 — 2,898 20,693 Total available-for-sale $ 57 30,518 67,656 162,539 260,770 — 41,681 $ 302,451 December 31, 2023 Agency obligations (a) $ 331 10,339 43,209 — 53,879 — 8,195 $ 62,074 Agency MBS (a) 32 15,109 22,090 161,058 198,289 — 27,838 226,127 State and political subdivisions — — 9,691 9,051 18,742 1 2,731 21,472 Total available-for-sale $ 363 25,448 74,990 170,109 270,910 1 38,764 $ 309,673 (a) Includes securities issued by U.S. government agencies or government-sponsored securities may differ from contractual maturities because (i) obligations with or without prepayment penalties and (ii) loans incuded in Agency MBS prepay such loan in whole or in part at any time. |
Available-for-sale Securities, Continuous Unrealized Loss Position [Table Text Block] | Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses March 31, 2024: Agency obligations $ — — 52,751 8,554 $ 52,751 8,554 Agency MBS 15 — 190,209 30,229 190,224 30,229 State and political subdivisions 1,459 6 15,010 2,892 16,469 2,898 Total $ 1,474 6 257,970 41,675 $ 259,444 41,681 December 31, 2023: Agency obligations $ — — 53,879 8,195 $ 53,879 8,195 Agency MBS 66 1 198,223 27,837 198,289 27,838 State and political subdivisions 793 2 14,408 2,729 15,201 2,731 Total $ 859 3 266,510 38,761 $ 267,369 38,764 |
Loan and Allowance for Credit_2
Loan and Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Loans And Leases Receivable Disclosure [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, (Dollars in thousands) 2024 2023 Commercial and industrial $ 78,920 $ 73,374 Construction and land development 58,909 68,329 Commercial real estate: Owner occupied 63,826 66,783 Hotel/motel 38,822 39,131 Multi-family 45,634 45,841 Other 152,202 135,552 Total commercial real estate 300,484 287,307 Residential real estate: Consumer mortgage 59,813 60,545 Investment property 58,427 56,912 Total residential real estate 118,240 117,457 Consumer installment 10,967 10,827 Total Loans $ 567,520 $ 557,294 |
Past Due Financing Receivables [Table Text Block] | Accruing Accruing Total 30-89 Days Greater than Accruing Non- Total (Dollars in thousands) Current Past Due 90 days Loans Accrual Loans March 31, 2024: Commercial and industrial $ 78,914 6 — 78,920 — $ 78,920 Construction and land development 58,909 — — 58,909 — 58,909 Commercial real estate: Owner occupied 63,061 — — 63,061 765 63,826 Hotel/motel 38,822 — — 38,822 — 38,822 Multi-family 45,634 — — 45,634 — 45,634 Other 152,202 — — 152,202 — 152,202 Total commercial real estate 299,719 — — 299,719 765 300,484 Residential real estate: Consumer mortgage 59,656 60 — 59,716 97 59,813 Investment property 58,427 — — 58,427 — 58,427 Total residential real estate 118,083 60 — 118,143 97 118,240 Consumer installment 10,935 16 — 10,951 16 10,967 Total $ 566,560 82 — 566,642 878 $ 567,520 December 31, 2023: Commercial and industrial $ 73,108 266 — 73,374 — $ 73,374 Construction and land development 68,329 — — 68,329 — 68,329 Commercial real estate: Owner occupied 66,000 — — 66,000 783 66,783 Hotel/motel 39,131 — — 39,131 — 39,131 Multi-family 45,841 — — 45,841 — 45,841 Other 135,552 — — 135,552 — 135,552 Total commercial real estate 286,524 — — 286,524 783 287,307 Residential real estate: Consumer mortgage 60,442 — — 60,442 103 60,545 Investment property 56,597 290 — 56,887 25 56,912 Total residential real estate 117,039 290 — 117,329 128 117,457 Consumer installment 10,781 46 — 10,827 — 10,827 Total $ 555,781 602 — 556,383 911 $ 557,294 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Year of Origination 2024 2023 2022 2021 2020 Prior to 2020 Revolving Loans Total Loans (Dollars in thousands) March 31, 2024: Commercial and industrial Pass $ 6,167 10,960 19,891 13,067 5,429 14,697 8,449 $ 78,660 Special mention — — — — — — — — Substandard 54 — 194 12 — — — 260 Nonaccrual — — — — — — — — Total commercial and industrial 6,221 10,960 20,085 13,079 5,429 14,697 8,449 78,920 Current period gross charge-offs — — — — — — — — Construction and land development Pass 5,668 26,093 22,446 1,615 1,506 200 905 58,433 Special mention — 302 — — — — — 302 Substandard 174 — — — — — — 174 Nonaccrual — — — — — — — — Total construction and land development 5,842 26,395 22,446 1,615 1,506 200 905 58,909 Current period gross charge-offs — — — — — — — — Commercial real estate: Owner occupied Pass 100 12,842 7,197 18,076 10,283 10,744 2,583 61,825 Special mention 931 257 — — — — — 1,188 Substandard — — — — — 48 — 48 Nonaccrual — — — — — 765 — 765 Total owner occupied 1,031 13,099 7,197 18,076 10,283 11,557 2,583 63,826 Current period gross charge-offs — — — — — — — — Hotel/motel Pass 248 8,925 9,765 3,174 1,445 15,265 — 38,822 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total hotel/motel 248 8,925 9,765 3,174 1,445 15,265 — 38,822 Current period gross charge-offs — — — — — — — — Year of Origination 2024 2023 2022 2021 2020 Prior to 2020 Revolving Loans Total Loans (Dollars in thousands) March 31, 2024: Multi-family Pass 113 12,270 17,834 1,934 6,060 6,682 741 45,634 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family 113 12,270 17,834 1,934 6,060 6,682 741 45,634 Current period gross charge-offs — — — — — — — — Other Pass 19,687 24,583 35,601 31,278 14,036 25,552 1,313 152,050 Special mention — — — — — — — — Substandard — — — — 152 — — 152 Nonaccrual — — — — — — — — Total other 19,687 24,583 35,601 31,278 14,188 25,552 1,313 152,202 Current period gross charge-offs — — — — — — — — Residential real estate: Consumer mortgage Pass 1,276 19,445 19,230 2,682 2,636 13,106 327 58,702 Special mention — — — — — 493 — 493 Substandard — — — — — 521 — 521 Nonaccrual — — — — — 97 — 97 Total consumer mortgage 1,276 19,445 19,230 2,682 2,636 14,217 327 59,813 Current period gross charge-offs — — — — — — — — Investment property Pass 5,736 12,255 11,396 9,219 11,829 6,214 1,369 58,018 Special mention — — — — — — — — Substandard — 83 96 — 230 — — 409 Nonaccrual — — — — — — — — Total investment property 5,736 12,338 11,492 9,219 12,059 6,214 1,369 58,427 Current period gross charge-offs — — — — — — — — Consumer installment Pass 2,095 5,157 2,690 570 148 222 — 10,882 Special mention — 10 1 — 1 — — 12 Substandard 10 34 11 2 — — — 57 Nonaccrual — 9 7 — — — — 16 Total consumer installment 2,105 5,210 2,709 572 149 222 — 10,967 Current period gross charge-offs — 6 17 1 — — — 24 Total loans Pass 41,090 132,530 146,050 81,615 53,372 92,682 15,687 563,026 Special mention 931 569 1 — 1 493 — 1,995 Substandard 238 117 301 14 382 569 — 1,621 Nonaccrual — 9 7 — — 862 — 878 Total loans $ 42,259 133,225 146,359 81,629 53,755 94,606 15,687 $ 567,520 Total current period gross charge-offs $ — 6 17 1 — — — 24 Year of Origination 2023 2022 2021 2020 2019 Prior to 2019 Revolving Loans Total Loans (Dollars in thousands) December 31, 2023: Commercial and industrial Pass $ 11,571 18,074 13,746 5,602 7,298 7,819 9,003 $ 73,113 Special mention — — — — — — — — Substandard 55 203 — — 3 — — 261 Nonaccrual — — — — — — — — Total commercial and industrial 11,626 18,277 13,746 5,602 7,301 7,819 9,003 73,374 Current period gross charge-offs — — 13 — 151 — — 164 Construction and land development Pass 38,646 25,382 1,716 1,526 120 157 782 68,329 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total construction and land development 38,646 25,382 1,716 1,526 120 157 782 68,329 Current period gross charge-offs — — — — — — — — Commercial real estate: Owner occupied Pass 12,966 7,337 18,548 10,458 3,948 9,786 2,647 65,690 Special mention 260 — — — — — — 260 Substandard — — — — 50 — — 50 Nonaccrual — — — — 783 — — 783 Total owner occupied 13,226 7,337 18,548 10,458 4,781 9,786 2,647 66,783 Current period gross charge-offs — — — — — — — — Hotel/motel Pass 9,025 9,873 3,205 1,493 3,881 11,654 — 39,131 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total hotel/motel 9,025 9,873 3,205 1,493 3,881 11,654 — 39,131 Current period gross charge-offs — — — — — — — — Year of Origination 2023 2022 2021 2020 2019 Prior to 2019 Revolving Loans Total Loans (Dollars in thousands) December 31, 2023: Multi-family Pass 12,379 17,955 1,953 6,112 3,790 3,043 609 45,841 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family 12,379 17,955 1,953 6,112 3,790 3,043 609 45,841 Current period gross charge-offs — — — — — — — — Other Pass 25,810 36,076 31,687 14,597 10,736 15,440 1,052 135,398 Special mention — — — — — — — — Substandard — — — 154 — — — 154 Nonaccrual — — — — — — — — Total other 25,810 36,076 31,687 14,751 10,736 15,440 1,052 135,552 Current period gross charge-offs — — — — — — — — Residential real estate: Consumer mortgage Pass 20,147 20,177 2,683 2,665 1,281 12,217 249 59,419 Special mention — — — — 190 305 — 495 Substandard — — — — — 528 — 528 Nonaccrual — — — — — 103 — 103 Total consumer mortgage 20,147 20,177 2,683 2,665 1,471 13,153 249 60,545 Current period gross charge-offs — — — — — — — — Investment property Pass 13,398 12,490 9,397 12,209 5,485 1,865 1,478 56,322 Special mention 41 — — — — — — 41 Substandard 43 248 — 233 — — — 524 Nonaccrual — — — — — 25 — 25 Total investment property 13,482 12,738 9,397 12,442 5,485 1,890 1,478 56,912 Current period gross charge-offs — — — — — — — — Consumer installment Pass 5,688 3,837 740 206 106 141 — 10,718 Special mention 9 25 9 2 — — — 45 Substandard 37 11 5 11 — — — 64 Nonaccrual — — — — — — — - Total consumer installment 5,734 3,873 754 219 106 141 — 10,827 Current period gross charge-offs 34 57 13 1 — — — 105 Total loans Pass 149,630 151,201 83,675 54,868 36,645 62,122 15,820 553,961 Special mention 310 25 9 2 190 305 — 841 Substandard 135 462 5 398 53 528 — 1,581 Nonaccrual — — — — 783 128 — 911 Total loans $ 150,075 151,688 83,689 55,268 37,671 63,083 15,820 $ 557,294 Total current period gross charge-offs $ 34 57 26 1 151 — — 269 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) Commercial and industrial Construction and land development Commercial real estate Residential real estate Consumer installment Total Quarter ended: March 31, 2024 Beginning balance $ 1,288 960 3,921 546 148 $ 6,863 Charge-offs — — — — (24) (24) Recoveries 66 — — 3 22 91 Net recoveries (charge-offs) 66 — — 3 (2) 67 Provision for credit losses 61 (120) 281 64 (1) 285 Ending balance $ 1,415 840 4,202 613 145 $ 7,215 Quarter ended: March 31, 2023 Beginning balance $ 747 949 3,109 828 132 $ 5,765 Impact of adopting ASC 326 532 (17) 873 (347) (22) 1,019 Charge-offs — — — — (11) (11) Recoveries 2 — — 5 1 8 Net recoveries (charge-offs) 2 — — 5 (10) (3) Provision for credit losses (49) 89 (16) 11 5 40 Ending balance $ 1,232 1,021 3,966 497 105 $ 6,821 |
Schedule Of Financing Receivables NonAccrual Status [Table Text Block] | CECL Nonaccrual loans Nonaccrual loans Total (Dollars in thousands) with no Allowance with an Allowance Nonaccrual Loans March 31, 2024 Commercial real estate $ 765 — 765 Residential real estate — 97 97 Consumer — 16 16 Total $ 765 113 878 December 31, 2023 Commercial real estate $ 783 — 783 Residential real estate — 128 128 Total $ 783 128 911 |
Schedule Of Collateral Dependent Loans Individually Evaluated For ACL [Table Text Block] | (Dollars in thousands) Real Estate Total Loans March 31, 2024: Commercial real estate $ 765 $ 765 Total $ 765 $ 765 December 31, 2023: Commercial real estate $ 783 $ 783 Total $ 783 $ 783 |
Schedule Of Composition Of Provision For Credit Losses [Table Text Block]] | Quarter ended March 31, (Dollars in thousands) 2024 2023 Provision for credit losses: Loans $ 285 $ 40 Reserve for unfunded commitments 49 26 Total provision for credit $ 334 $ 66 |
Mortgage Servicing Rights, Net
Mortgage Servicing Rights, Net (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Mortgage Servicing [Abstract] | |
Schedule Of Servicing Assets At Fair Value [Table Text Block] | Quarter ended March 31, (Dollars in thousands) 2024 2023 MSRs, net: Beginning balance $ 992 $ 1,151 Additions, net 12 — Amortization expense (39) (55) Ending balance $ 965 $ 1,096 Valuation Beginning of period $ — $ — End of period — — Fair value of amortized MSRs: Beginning of period $ 2,382 $ 2,369 End of period 2,378 2,419 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Quoted Prices in Significant Active Markets Other Significant for Observable Unobservable Identical Assets Inputs Inputs (Dollars in thousands) Amount (Level 1) (Level 2) (Level 3) March 31, 2024: Securities available-for-sale: Agency obligations $ 52,751 — 52,751 — Agency MBS 190,224 — 190,224 — State and political subdivisions 17,795 — 17,795 — Total securities available-for-sale 260,770 — 260,770 — Total $ 260,770 — 260,770 — December 31, 2023: Securities available-for-sale: Agency obligations $ 53,879 — 53,879 — Agency MBS 198,289 — 198,289 — State and political subdivisions 18,742 — 18,742 — Total securities available-for-sale 270,910 — 270,910 — Total $ 270,910 — 270,910 — |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] | Quoted Prices in Active Markets Other Significant for Observable Unobservable Carrying Identical Assets Inputs Inputs (Dollars in thousands) Amount (Level 1) (Level 2) (Level 3) March 31, 2024: Loans held for sale $ 175 — 175 — Loans, net (1) 765 — — 765 Other assets (2) 965 — — 965 Total assets at fair value $ 1,905 — 175 1,730 December 31, 2023: Loans, net (1) $ 783 — — 783 Other assets (2) 992 — — 992 Total assets at fair value $ 1,775 — — 1,775 (1) Loans considered collateral dependent under ASC 326. (2) Represents MSRs, net, carried at lower of cost or |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Range of Weighted Carrying Significant Unobservable Average (Dollars in thousands) Amount Valuation Technique Unobservable Input Inputs of Input March 31, 2024: Collateral dependent loans $ 765 Appraisal Appraisal discounts 10.0 - 10.0 % 10.0 % Mortgage servicing rights, net 965 Discounted cash flow Prepayment speed or CPR 6.3 - 11.3 6.6 Discount rate 10.0 - 12.0 10.0 December 31, 2023: Collateral dependent loans $ 783 Appraisal Appraisal discounts 10.0 - 10.0 % 10.0 % Mortgage servicing rights, net 992 Discounted cash flow Prepayment speed or CPR 5.9 - 10.6 6.0 Discount rate 10.5 - 12.5 10.5 |
Financial Instruments [Table Text Block] | Fair Value Hierarchy Carrying Estimated Level 1 Level 2 Level 3 (Dollars in thousands) amount fair value inputs inputs Inputs March 31, 2024: Financial Assets: Loans, net (1) $ 560,305 $ 522,379 $ — $ — $ 522,379 Loans held for sale 175 175 — 175 — Financial Liabilities: Time Deposits $ 190,603 $ 188,651 $ — $ 188,651 $ — December 31, 2023: Financial Assets: Loans, net (1) $ 550,431 $ 526,372 $ — $ — $ 526,372 Financial Liabilities: Time Deposits $ 198,215 $ 195,171 $ — $ 195,171 $ — (1) Represents loans, net of allowance for credit losses. |
Summary Significant Account Pol
Summary Significant Account Policies Textuals (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Jan. 01, 2024 | Mar. 31, 2024 | Mar. 31, 2023 | |
Summary of Signficant Accounting Policies | |||
Cumulative Effect Of Accounting Standard | $ 263 | $ (263) | $ (821) |
Basic and Diluted Earnings Pe_3
Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Basic and Diluted Earnings Per Share [Abstract] | ||
Net earnings | $ 1,371 | $ 1,964 |
Basic and diluted weighted average shares outstanding | 3,493,663 | 3,502,143 |
Basic and diluted earnings per share | $ 0.39 | $ 0.56 |
Variable Interest Entities (Det
Variable Interest Entities (Details) $ in Thousands | Mar. 31, 2024 USD ($) |
Maxium Loss Exposure [Member] | |
Variable Interest Entities [Line Items] | |
New Markets Tax Credit Investment | $ 1,175 |
Asset Recognized [Member] | |
Variable Interest Entities [Line Items] | |
New Markets Tax Credit Investment | $ 1,175 |
Security Types (Details)
Security Types (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Available For Sale Securities Debt Maturities Fair Value [Line Items] | ||
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value | $ 30,518 | $ 25,448 |
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value | 67,656 | 74,990 |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 162,539 | 170,109 |
Available-for-sale Securities, Fair Value, Total | 260,770 | 270,910 |
Available For Sale Securities, Gross Unrealized Gains | 0 | 1 |
Available For Sale Securities, Gross Unrealized Losses | 41,681 | 38,764 |
Available-for-sale Securities, Amortized Cost Basis | 302,451 | 309,673 |
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value | 57 | 363 |
US Government and Government Agencies and Authorities [Member] | ||
Available For Sale Securities Debt Maturities Fair Value [Line Items] | ||
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value | 14,416 | 10,339 |
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value | 38,335 | 43,209 |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 0 | 0 |
Available-for-sale Securities, Fair Value, Total | 52,751 | 53,879 |
Available For Sale Securities, Gross Unrealized Gains | 0 | 0 |
Available For Sale Securities, Gross Unrealized Losses | 8,554 | 8,195 |
Available-for-sale Securities, Amortized Cost Basis | 61,305 | 62,074 |
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value | 0 | 331 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available For Sale Securities Debt Maturities Fair Value [Line Items] | ||
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value | 15,533 | 15,109 |
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value | 20,254 | 22,090 |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 154,380 | 161,058 |
Available-for-sale Securities, Fair Value, Total | 190,224 | 198,289 |
Available For Sale Securities, Gross Unrealized Gains | 0 | 0 |
Available For Sale Securities, Gross Unrealized Losses | 30,229 | 27,838 |
Available-for-sale Securities, Amortized Cost Basis | 220,453 | 226,127 |
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value | 57 | 32 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available For Sale Securities Debt Maturities Fair Value [Line Items] | ||
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value | 569 | 0 |
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value | 9,067 | 9,691 |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 8,159 | 9,051 |
Available-for-sale Securities, Fair Value, Total | 17,795 | 18,742 |
Available For Sale Securities, Gross Unrealized Gains | 0 | 1 |
Available For Sale Securities, Gross Unrealized Losses | 2,898 | 2,731 |
Available-for-sale Securities, Amortized Cost Basis | 20,693 | 21,472 |
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value | $ 0 | $ 0 |
Securities Continuous Unrealize
Securities Continuous Unrealized Loss (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 1,474 | $ 859 |
Available-for-sale Securities Continuous Unrealized Loss Position Less than 12 Months Aggregate Losses | 6 | 3 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 257,970 | 266,510 |
Available-for-sale Securities Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 41,675 | 38,761 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 259,444 | 267,369 |
Available-for-sale Securities Continuous Unrealized Loss Position Aggregate Losses | 41,681 | 38,764 |
US Government and Government Agencies and Authorities [Member] | ||
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Available-for-sale Securities Continuous Unrealized Loss Position Less than 12 Months Aggregate Losses | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 52,751 | 53,879 |
Available-for-sale Securities Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 8,554 | 8,195 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 52,751 | 53,879 |
Available-for-sale Securities Continuous Unrealized Loss Position Aggregate Losses | 8,554 | 8,195 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 15 | 66 |
Available-for-sale Securities Continuous Unrealized Loss Position Less than 12 Months Aggregate Losses | 0 | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 190,209 | 198,223 |
Available-for-sale Securities Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 30,229 | 27,837 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 190,224 | 198,289 |
Available-for-sale Securities Continuous Unrealized Loss Position Aggregate Losses | 30,229 | 27,838 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,459 | 793 |
Available-for-sale Securities Continuous Unrealized Loss Position Less than 12 Months Aggregate Losses | 6 | 2 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 15,010 | 14,408 |
Available-for-sale Securities Continuous Unrealized Loss Position 12 Months or Longer Aggregate Losses | 2,892 | 2,729 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 16,469 | 15,201 |
Available-for-sale Securities Continuous Unrealized Loss Position Aggregate Losses | $ 2,898 | $ 2,731 |
Securities Textuals (Details)
Securities Textuals (Details) - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023 |
Securities (Textuals) [Abstract] | ||
Available-for-sale Securities Pledged as Collateral | $ 204.8 | $ 211.8 |
Cost-method Investments, Aggregate Carrying Amount | $ 1.4 |
Loans (Details)
Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 567,520 | $ 557,294 |
Commercial and Industrial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 78,920 | 73,374 |
Construction And Land Development Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 58,909 | 68,329 |
Commercial Real Estate Owner Occupied Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 63,826 | 66,783 |
Commercial Real Estate Hotel Motel [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 38,822 | 39,131 |
Commercial Real Estate Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 45,634 | 45,841 |
Commercial Real Estate Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 152,202 | 135,552 |
Commercial Real Estate Loans, Total [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 300,484 | 287,307 |
Residential Real Estate Consumer Mortgage Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 59,813 | 60,545 |
Residential Real Estate Investment Property Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 58,427 | 56,912 |
Residential Real Estate Loans, Total [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | 118,240 | 117,457 |
Consumer Installment and Revolving Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 10,967 | $ 10,827 |
Loans Past Due Analysis (Detail
Loans Past Due Analysis (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | $ 566,642 | $ 556,383 |
Non Accrual | 878 | 911 |
Loans and Leases Receivable, Gross, Carrying Amount | 567,520 | 557,294 |
Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 566,560 | 555,781 |
Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 82 | 602 |
Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 78,920 | 73,374 |
Non Accrual | 0 | 0 |
Loans and Leases Receivable, Gross, Carrying Amount | 78,920 | 73,374 |
Commercial and Industrial Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 78,914 | 73,108 |
Commercial and Industrial Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 6 | 266 |
Commercial and Industrial Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Construction And Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 58,909 | 68,329 |
Non Accrual | 0 | |
Loans and Leases Receivable, Gross, Carrying Amount | 58,909 | 68,329 |
Construction And Land Development Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 58,909 | 68,329 |
Construction And Land Development Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Construction And Land Development Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 63,061 | 66,000 |
Non Accrual | 765 | 783 |
Loans and Leases Receivable, Gross, Carrying Amount | 63,826 | 66,783 |
Commercial Real Estate Owner Occupied Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 63,061 | 66,000 |
Commercial Real Estate Owner Occupied Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Owner Occupied Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Hotel Motel [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 38,822 | 39,131 |
Non Accrual | 0 | |
Loans and Leases Receivable, Gross, Carrying Amount | 38,822 | 39,131 |
Commercial Real Estate Hotel Motel [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 38,822 | 39,131 |
Commercial Real Estate Hotel Motel [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Hotel Motel [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 45,634 | 45,841 |
Non Accrual | 0 | 0 |
Loans and Leases Receivable, Gross, Carrying Amount | 45,634 | 45,841 |
Commercial Real Estate Multifamily [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 45,634 | 45,841 |
Commercial Real Estate Multifamily [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Multifamily [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 152,202 | 135,552 |
Non Accrual | 0 | 0 |
Loans and Leases Receivable, Gross, Carrying Amount | 152,202 | 135,552 |
Commercial Real Estate Other Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 152,202 | 135,552 |
Commercial Real Estate Other Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Other Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Loans, Total [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 299,719 | 286,524 |
Non Accrual | 765 | 783 |
Loans and Leases Receivable, Gross, Carrying Amount | 300,484 | 287,307 |
Commercial Real Estate Loans, Total [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 299,719 | 286,524 |
Commercial Real Estate Loans, Total [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Commercial Real Estate Loans, Total [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Residential Real Estate Consumer Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 59,716 | 60,442 |
Non Accrual | 97 | 103 |
Loans and Leases Receivable, Gross, Carrying Amount | 59,813 | 60,545 |
Residential Real Estate Consumer Mortgage Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 59,656 | 60,442 |
Residential Real Estate Consumer Mortgage Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 60 | 0 |
Residential Real Estate Consumer Mortgage Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Residential Real Estate Investment Property Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 58,427 | 56,887 |
Non Accrual | 0 | 25 |
Loans and Leases Receivable, Gross, Carrying Amount | 58,427 | 56,912 |
Residential Real Estate Investment Property Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 58,427 | 56,597 |
Residential Real Estate Investment Property Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 290 |
Residential Real Estate Investment Property Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Residential Real Estate Loans, Total [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 118,143 | 117,329 |
Non Accrual | 97 | 128 |
Loans and Leases Receivable, Gross, Carrying Amount | 118,240 | 117,457 |
Residential Real Estate Loans, Total [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 118,083 | 117,039 |
Residential Real Estate Loans, Total [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 60 | 290 |
Residential Real Estate Loans, Total [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 0 | 0 |
Consumer Installment and Revolving Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 10,951 | 10,827 |
Non Accrual | 16 | 0 |
Loans and Leases Receivable, Gross, Carrying Amount | 10,967 | 10,827 |
Consumer Installment and Revolving Loans [Member] | Current [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 10,935 | 10,781 |
Consumer Installment and Revolving Loans [Member] | Accruing 30 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | 16 | 46 |
Consumer Installment and Revolving Loans [Member] | Accruing Greater Than 90 days {Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Accruing Loans | $ 0 | $ 0 |
Loan Credit Quality Analysis (D
Loan Credit Quality Analysis (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Dec. 31, 2023 | |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 878,000 | $ 911,000 |
Current Year | 42,259,000 | 150,075,000 |
1 Year Prior | 133,225,000 | 151,688,000 |
2 year prior | 146,359,000 | 83,689,000 |
3 year prior | 81,629,000 | 55,268,000 |
4 year pior | 53,755,000 | 37,671,000 |
Prior | 94,606,000 | 63,083,000 |
Revolving Loans | 15,687,000 | 15,820,000 |
Total loans | 567,520,000 | 557,294,000 |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff | 0 | 34,000 |
Financing Receivable Excluding Accrued Interest Year Two Originated Current Fiscal Year Writeoff | 6,000 | 57,000 |
Financing Receivable Excluding Accrued Interest Year Three Originated Current Fiscal Year Writeoff | 17,000 | 26,000 |
Financing Receivable Excluding Accrued Interest Year Four Originated Current Fiscal Year Writeoff | 1,000 | 1,000 |
Financing Receivable Excluding Accrued Interest Year Five Originated Current Fiscal Year Writeoff | 151,000 | |
Financing Receivable Excluding Accrued Interest Year Originated More Than Five Years Before Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff | 24,000 | 269,000 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 41,090,000 | 149,630,000 |
1 Year Prior | 132,530,000 | 151,201,000 |
2 year prior | 146,050,000 | 83,675,000 |
3 year prior | 81,615,000 | 54,868,000 |
4 year pior | 53,372,000 | 36,645,000 |
Prior | 92,682,000 | 62,122,000 |
Revolving Loans | 15,687,000 | 15,820,000 |
Total loans | 563,026,000 | 553,961,000 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 931,000 | 310,000 |
1 Year Prior | 569,000 | 25,000 |
2 year prior | 1,000 | 9,000 |
3 year prior | 0 | 2,000 |
4 year pior | 1,000 | 190,000 |
Prior | 493,000 | 305,000 |
Revolving Loans | 0 | 0 |
Total loans | 1,995,000 | 841,000 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 238,000 | 135,000 |
1 Year Prior | 117,000 | 462,000 |
2 year prior | 301,000 | 5,000 |
3 year prior | 14,000 | 398,000 |
4 year pior | 382,000 | 53,000 |
Prior | 569,000 | 528,000 |
Revolving Loans | 0 | 0 |
Total loans | 1,621,000 | 1,581,000 |
NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 9,000 | 0 |
2 year prior | 7,000 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 783,000 |
Prior | 862,000 | 128,000 |
Revolving Loans | 0 | 0 |
Total loans | 878,000 | 911,000 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Current Year | 6,221,000 | 11,626,000 |
1 Year Prior | 10,960,000 | 18,277,000 |
2 year prior | 20,085,000 | 13,746,000 |
3 year prior | 13,079,000 | 5,602,000 |
4 year pior | 5,429,000 | 7,301,000 |
Prior | 14,697,000 | 7,819,000 |
Revolving Loans | 8,449,000 | 9,003,000 |
Total loans | 78,920,000 | 73,374,000 |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Year Two Originated Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Year Three Originated Current Fiscal Year Writeoff | 13,000 | |
Financing Receivable Excluding Accrued Interest Year Four Originated Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Year Five Originated Current Fiscal Year Writeoff | 151,000 | |
Financing Receivable Excluding Accrued Interest Year Originated More Than Five Years Before Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff | 164,000 | |
Commercial and Industrial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 6,167,000 | 11,571,000 |
1 Year Prior | 10,960,000 | 18,074,000 |
2 year prior | 19,891,000 | 13,746,000 |
3 year prior | 13,067,000 | 5,602,000 |
4 year pior | 5,429,000 | 7,298,000 |
Prior | 14,697,000 | 7,819,000 |
Revolving Loans | 8,449,000 | 9,003,000 |
Total loans | 78,660,000 | 73,113,000 |
Commercial and Industrial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 54,000 | 55,000 |
1 Year Prior | 0 | 203,000 |
2 year prior | 194,000 | 0 |
3 year prior | 12,000 | 0 |
4 year pior | 0 | 3,000 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 260,000 | 261,000 |
Commercial and Industrial Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Construction And Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | |
Current Year | 5,842,000 | 38,646,000 |
1 Year Prior | 26,395,000 | 25,382,000 |
2 year prior | 22,446,000 | 1,716,000 |
3 year prior | 1,615,000 | 1,526,000 |
4 year pior | 1,506,000 | 120,000 |
Prior | 200,000 | 157,000 |
Revolving Loans | 905,000 | 782,000 |
Total loans | 58,909,000 | 68,329,000 |
Construction And Land Development Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 5,668,000 | 38,646,000 |
1 Year Prior | 26,093,000 | 25,382,000 |
2 year prior | 22,446,000 | 1,716,000 |
3 year prior | 1,615,000 | 1,526,000 |
4 year pior | 1,506,000 | 120,000 |
Prior | 200,000 | 157,000 |
Revolving Loans | 905,000 | 782,000 |
Total loans | 58,433,000 | 68,329,000 |
Construction And Land Development Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 302,000 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 302,000 | 0 |
Construction And Land Development Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 174,000 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 174,000 | 0 |
Construction And Land Development Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 765,000 | 783,000 |
Current Year | 1,031,000 | 13,226,000 |
1 Year Prior | 13,099,000 | 7,337,000 |
2 year prior | 7,197,000 | 18,548,000 |
3 year prior | 18,076,000 | 10,458,000 |
4 year pior | 10,283,000 | 4,781,000 |
Prior | 11,557,000 | 9,786,000 |
Revolving Loans | 2,583,000 | 2,647,000 |
Total loans | 63,826,000 | 66,783,000 |
Commercial Real Estate Owner Occupied Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 100,000 | 12,966,000 |
1 Year Prior | 12,842,000 | 7,337,000 |
2 year prior | 7,197,000 | 18,548,000 |
3 year prior | 18,076,000 | 10,458,000 |
4 year pior | 10,283,000 | 3,948,000 |
Prior | 10,744,000 | 9,786,000 |
Revolving Loans | 2,583,000 | 2,647,000 |
Total loans | 61,825,000 | 65,690,000 |
Commercial Real Estate Owner Occupied Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 931,000 | 260,000 |
1 Year Prior | 257,000 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 1,188,000 | 260,000 |
Commercial Real Estate Owner Occupied Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 50,000 |
Prior | 48,000 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 48,000 | 50,000 |
Commercial Real Estate Owner Occupied Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 783,000 |
Prior | 765,000 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 765,000 | 783,000 |
Commercial Real Estate Hotel Motel [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | |
Current Year | 248,000 | 9,025,000 |
1 Year Prior | 8,925,000 | 9,873,000 |
2 year prior | 9,765,000 | 3,205,000 |
3 year prior | 3,174,000 | 1,493,000 |
4 year pior | 1,445,000 | 3,881,000 |
Prior | 15,265,000 | 11,654,000 |
Revolving Loans | 0 | 0 |
Total loans | 38,822,000 | 39,131,000 |
Commercial Real Estate Hotel Motel [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 248,000 | 9,025,000 |
1 Year Prior | 8,925,000 | 9,873,000 |
2 year prior | 9,765,000 | 3,205,000 |
3 year prior | 3,174,000 | 1,493,000 |
4 year pior | 1,445,000 | 3,881,000 |
Prior | 15,265,000 | 11,654,000 |
Revolving Loans | 0 | 0 |
Total loans | 38,822,000 | 39,131,000 |
Commercial Real Estate Hotel Motel [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Hotel Motel [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Hotel Motel [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Current Year | 113,000 | 12,379,000 |
1 Year Prior | 12,270,000 | 17,955,000 |
2 year prior | 17,834,000 | 1,953,000 |
3 year prior | 1,934,000 | 6,112,000 |
4 year pior | 6,060,000 | 3,790,000 |
Prior | 6,682,000 | 3,043,000 |
Revolving Loans | 741,000 | 609,000 |
Total loans | 45,634,000 | 45,841,000 |
Commercial Real Estate Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 113,000 | 12,379,000 |
1 Year Prior | 12,270,000 | 17,955,000 |
2 year prior | 17,834,000 | 1,953,000 |
3 year prior | 1,934,000 | 6,112,000 |
4 year pior | 6,060,000 | 3,790,000 |
Prior | 6,682,000 | 3,043,000 |
Revolving Loans | 741,000 | 609,000 |
Total loans | 45,634,000 | 45,841,000 |
Commercial Real Estate Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Multifamily [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Current Year | 19,687,000 | 25,810,000 |
1 Year Prior | 24,583,000 | 36,076,000 |
2 year prior | 35,601,000 | 31,687,000 |
3 year prior | 31,278,000 | 14,751,000 |
4 year pior | 14,188,000 | 10,736,000 |
Prior | 25,552,000 | 15,440,000 |
Revolving Loans | 1,313,000 | 1,052,000 |
Total loans | 152,202,000 | 135,552,000 |
Commercial Real Estate Other Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 19,687,000 | 25,810,000 |
1 Year Prior | 24,583,000 | 36,076,000 |
2 year prior | 35,601,000 | 31,687,000 |
3 year prior | 31,278,000 | 14,597,000 |
4 year pior | 14,036,000 | 10,736,000 |
Prior | 25,552,000 | 15,440,000 |
Revolving Loans | 1,313,000 | 1,052,000 |
Total loans | 152,050,000 | 135,398,000 |
Commercial Real Estate Other Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Other Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 154,000 |
4 year pior | 152,000 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 152,000 | 154,000 |
Commercial Real Estate Other Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 0 |
Commercial Real Estate Loans, Total [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 765,000 | 783,000 |
Total loans | 300,484,000 | 287,307,000 |
Residential Real Estate Consumer Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 97,000 | 103,000 |
Current Year | 1,276,000 | 20,147,000 |
1 Year Prior | 19,445,000 | 20,177,000 |
2 year prior | 19,230,000 | 2,683,000 |
3 year prior | 2,682,000 | 2,665,000 |
4 year pior | 2,636,000 | 1,471,000 |
Prior | 14,217,000 | 13,153,000 |
Revolving Loans | 327,000 | 249,000 |
Total loans | 59,813,000 | 60,545,000 |
Residential Real Estate Consumer Mortgage Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 1,276,000 | 20,147,000 |
1 Year Prior | 19,445,000 | 20,177,000 |
2 year prior | 19,230,000 | 2,683,000 |
3 year prior | 2,682,000 | 2,665,000 |
4 year pior | 2,636,000 | 1,281,000 |
Prior | 13,106,000 | 12,217,000 |
Revolving Loans | 327,000 | 249,000 |
Total loans | 58,702,000 | 59,419,000 |
Residential Real Estate Consumer Mortgage Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 190,000 |
Prior | 493,000 | 305,000 |
Revolving Loans | 0 | 0 |
Total loans | 493,000 | 495,000 |
Residential Real Estate Consumer Mortgage Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 521,000 | 528,000 |
Revolving Loans | 0 | 0 |
Total loans | 521,000 | 528,000 |
Residential Real Estate Consumer Mortgage Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 97,000 | 103,000 |
Revolving Loans | 0 | 0 |
Total loans | 97,000 | 103,000 |
Residential Real Estate Investment Property Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 25,000 |
Current Year | 5,736,000 | 13,482,000 |
1 Year Prior | 12,338,000 | 12,738,000 |
2 year prior | 11,492,000 | 9,397,000 |
3 year prior | 9,219,000 | 12,442,000 |
4 year pior | 12,059,000 | 5,485,000 |
Prior | 6,214,000 | 1,890,000 |
Revolving Loans | 1,369,000 | 1,478,000 |
Total loans | 58,427,000 | 56,912,000 |
Residential Real Estate Investment Property Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 5,736,000 | 13,398,000 |
1 Year Prior | 12,255,000 | 12,490,000 |
2 year prior | 11,396,000 | 9,397,000 |
3 year prior | 9,219,000 | 12,209,000 |
4 year pior | 11,829,000 | 5,485,000 |
Prior | 6,214,000 | 1,865,000 |
Revolving Loans | 1,369,000 | 1,478,000 |
Total loans | 58,018,000 | 56,322,000 |
Residential Real Estate Investment Property Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 41,000 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 41,000 |
Residential Real Estate Investment Property Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 43,000 |
1 Year Prior | 83,000 | 248,000 |
2 year prior | 96,000 | 0 |
3 year prior | 0 | 233,000 |
4 year pior | 230,000 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 409,000 | 524,000 |
Residential Real Estate Investment Property Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 0 | 0 |
2 year prior | 0 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 25,000 |
Revolving Loans | 0 | 0 |
Total loans | 0 | 25,000 |
Residential Real Estate Loans, Total [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 97,000 | 128,000 |
Total loans | 118,240,000 | 117,457,000 |
Consumer Installment and Revolving Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 16,000 | 0 |
Current Year | 2,105,000 | 5,734,000 |
1 Year Prior | 5,210,000 | 3,873,000 |
2 year prior | 2,709,000 | 754,000 |
3 year prior | 572,000 | 219,000 |
4 year pior | 149,000 | 106,000 |
Prior | 222,000 | 141,000 |
Revolving Loans | 0 | 0 |
Total loans | 10,967,000 | 10,827,000 |
Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff | 0 | 34,000 |
Financing Receivable Excluding Accrued Interest Year Two Originated Current Fiscal Year Writeoff | 6,000 | 57,000 |
Financing Receivable Excluding Accrued Interest Year Three Originated Current Fiscal Year Writeoff | 17,000 | 13,000 |
Financing Receivable Excluding Accrued Interest Year Four Originated Current Fiscal Year Writeoff | 1,000 | 1,000 |
Financing Receivable Excluding Accrued Interest Year Five Originated Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Year Originated More Than Five Years Before Current Fiscal Year Writeoff | 0 | |
Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff | 24,000 | 105,000 |
Consumer Installment and Revolving Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 2,095,000 | 5,688,000 |
1 Year Prior | 5,157,000 | 3,837,000 |
2 year prior | 2,690,000 | 740,000 |
3 year prior | 570,000 | 206,000 |
4 year pior | 148,000 | 106,000 |
Prior | 222,000 | 141,000 |
Revolving Loans | 0 | 0 |
Total loans | 10,882,000 | 10,718,000 |
Consumer Installment and Revolving Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 9,000 |
1 Year Prior | 10,000 | 25,000 |
2 year prior | 1,000 | 9,000 |
3 year prior | 0 | 2,000 |
4 year pior | 1,000 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 12,000 | 45,000 |
Consumer Installment and Revolving Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 10,000 | 37,000 |
1 Year Prior | 34,000 | 11,000 |
2 year prior | 11,000 | 5,000 |
3 year prior | 2,000 | 11,000 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | 57,000 | 64,000 |
Consumer Installment and Revolving Loans [Member] | NonAccrual [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Current Year | 0 | 0 |
1 Year Prior | 9,000 | 0 |
2 year prior | 7,000 | 0 |
3 year prior | 0 | 0 |
4 year pior | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans | 0 | 0 |
Total loans | $ 16,000 | $ 0 |
Composition of Provision for Cr
Composition of Provision for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Summary Of Provision For Credit Losses [Abstract] | ||
Provision for credit losses related to loans and leases | $ 285 | $ 40 |
Provision For Credit Losses In Reserve For Unfunded Commitments | 49 | 26 |
Total Provision for credit losses | $ 334 | $ 66 |
Allowance for Credit Losses (De
Allowance for Credit Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Financing Receivable, Allowance for Credit Losses | $ 6,863 | $ 5,765 |
Impact of Adoption of ASC 326 | 1,019 | |
Financing Receivable, Allowance for Credit Losses, Charge-offs | (24) | (11) |
Financing Receivable, Allowance for Credit Losses, Recoveries | 91 | 8 |
Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries | 67 | (3) |
Provision for credit losses | 285 | 40 |
Financing Receivable, Allowance for Credit Losses | 7,215 | 6,821 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Financing Receivable, Allowance for Credit Losses | 1,288 | 747 |
Impact of Adoption of ASC 326 | 532 | |
Financing Receivable, Allowance for Credit Losses, Charge-offs | 0 | |
Financing Receivable, Allowance for Credit Losses, Recoveries | 66 | 2 |
Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries | 66 | 2 |
Provision for credit losses | 61 | (49) |
Financing Receivable, Allowance for Credit Losses | 1,415 | 1,232 |
Construction And Land Development Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Financing Receivable, Allowance for Credit Losses | 960 | 949 |
Impact of Adoption of ASC 326 | (17) | |
Financing Receivable, Allowance for Credit Losses, Charge-offs | 0 | |
Financing Receivable, Allowance for Credit Losses, Recoveries | 0 | 0 |
Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries | 0 | 0 |
Provision for credit losses | (120) | 89 |
Financing Receivable, Allowance for Credit Losses | 840 | 1,021 |
Commercial Real Estate Loans, Total [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Financing Receivable, Allowance for Credit Losses | 3,921 | 3,109 |
Impact of Adoption of ASC 326 | 873 | |
Financing Receivable, Allowance for Credit Losses, Charge-offs | 0 | |
Financing Receivable, Allowance for Credit Losses, Recoveries | 0 | 0 |
Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries | 0 | 0 |
Provision for credit losses | 281 | (16) |
Financing Receivable, Allowance for Credit Losses | 4,202 | 3,966 |
Residential Real Estate Loans, Total [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Financing Receivable, Allowance for Credit Losses | 546 | 828 |
Impact of Adoption of ASC 326 | (347) | |
Financing Receivable, Allowance for Credit Losses, Charge-offs | 0 | |
Financing Receivable, Allowance for Credit Losses, Recoveries | 3 | 5 |
Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries | 3 | 5 |
Provision for credit losses | 64 | 11 |
Financing Receivable, Allowance for Credit Losses | 613 | 497 |
Consumer Installment and Revolving Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Financing Receivable, Allowance for Credit Losses | 148 | 132 |
Impact of Adoption of ASC 326 | (22) | |
Financing Receivable, Allowance for Credit Losses, Charge-offs | (24) | (11) |
Financing Receivable, Allowance for Credit Losses, Recoveries | 22 | 1 |
Financing Receivable Allowance For Credit Losses Net Chargeoffs Recoveries | (2) | (10) |
Provision for credit losses | (1) | 5 |
Financing Receivable, Allowance for Credit Losses | $ 145 | $ 105 |
Nonaccural Loans (Details)
Nonaccural Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Financing Receivable Nonaccrual Status [Line Items] | ||
Financing Receivable Nonaccrual No Allowance | $ 765 | $ 783 |
Financing Receivable Nonaccrual With Allowance | 113 | 128 |
Financing Receivable, Recorded Investment, Nonaccrual Status | 878 | 911 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Construction And Land Development Loans [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | |
Commercial Real Estate Loans, Total [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Financing Receivable Nonaccrual No Allowance | 765 | 783 |
Financing Receivable Nonaccrual With Allowance | 0 | 0 |
Financing Receivable, Recorded Investment, Nonaccrual Status | 765 | 783 |
Residential Real Estate Loans, Total [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Financing Receivable Nonaccrual No Allowance | 0 | 0 |
Financing Receivable Nonaccrual With Allowance | 97 | 128 |
Financing Receivable, Recorded Investment, Nonaccrual Status | 97 | 128 |
Consumer Installment and Revolving Loans [Member] | ||
Financing Receivable Nonaccrual Status [Line Items] | ||
Financing Receivable Nonaccrual No Allowance | 0 | |
Financing Receivable Nonaccrual With Allowance | 16 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 16 | $ 0 |
Collateral Dependent Loans Indi
Collateral Dependent Loans Individually Evaluated (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Collateral Dependent Loans [Line Items] | ||
Financing Receivable, Individually Evaluated Collateral Depedent Loans | $ 765 | $ 783 |
Commercial Real Estate Collateral [Member] | ||
Collateral Dependent Loans [Line Items] | ||
Financing Receivable, Individually Evaluated Collateral Depedent Loans | 765 | 783 |
Commercial Real Estate Loans, Total [Member] | ||
Collateral Dependent Loans [Line Items] | ||
Financing Receivable, Individually Evaluated Collateral Depedent Loans | 765 | 783 |
Commercial Real Estate Loans, Total [Member] | Commercial Real Estate Collateral [Member] | ||
Collateral Dependent Loans [Line Items] | ||
Financing Receivable, Individually Evaluated Collateral Depedent Loans | $ 765 | $ 783 |
Loans Textuals (Details)
Loans Textuals (Details) | Mar. 31, 2024 |
Loan and Lease Disclosure (Textuals) [Abstract] | |
Percentage Of Loans Secured By Real Estate | 84.20% |
Mortgage Servicing Rights, Ne_2
Mortgage Servicing Rights, Net (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Servicing Asset at Amortized Value, Balance [Roll Forward] | ||
Servicing Asset at Amortized Cost, Beginning | $ 992 | $ 1,151 |
Servicing Asset at Amortized Value, Additions | 12 | 0 |
Servicing Asset at Amortized Value, Amortization | 39 | 55 |
Servicing Asset at Amortized Cost, Ending | 965 | 1,096 |
Valuation Allowance for Impairment of Recognized Servicing Assets, Balance [Abstract] | ||
Valuation Allowance for Impairment of Recognized Servicing Assets, Beginning Balance | 0 | 0 |
Valuation Allowance for Impairment of Recognized Servicing Assets, Ending Balance | 0 | 0 |
Servicing Asset at Amortized Value, Fair Value [Abstract] | ||
Servicing Asset at Amortized Value, Fair Value, Beginning | 2,382 | 2,369 |
Servicing Asset at Amortized Value, Fair Value, Ending | $ 2,378 | $ 2,419 |
Fair Value Recurring (Details)
Fair Value Recurring (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value Disclosure, Securities Available-for-Sale [Abstract] | ||
Fair Value Disclosure, Agency Obligations | $ 52,751 | $ 53,879 |
Fair Value Disclosure, Agency RMBS | 190,224 | 198,289 |
Fair Value Disclosure, State and Political Subdivisions | 17,795 | 18,742 |
Fair Value Disclosure, Securities Available-for-Sale, Total | 260,770 | 270,910 |
Other Assets, Fair Value Disclosure | 260,770 | 270,910 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value Disclosure, Securities Available-for-Sale [Abstract] | ||
Fair Value Disclosure, Agency Obligations | 0 | 0 |
Fair Value Disclosure, Agency RMBS | 0 | 0 |
Fair Value Disclosure, State and Political Subdivisions | 0 | 0 |
Fair Value Disclosure, Securities Available-for-Sale, Total | 0 | 0 |
Other Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value Disclosure, Securities Available-for-Sale [Abstract] | ||
Fair Value Disclosure, Agency Obligations | 52,751 | 53,879 |
Fair Value Disclosure, Agency RMBS | 190,224 | 198,289 |
Fair Value Disclosure, State and Political Subdivisions | 17,795 | 18,742 |
Fair Value Disclosure, Securities Available-for-Sale, Total | 260,770 | 270,910 |
Other Assets, Fair Value Disclosure | 260,770 | 270,910 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Disclosure, Securities Available-for-Sale [Abstract] | ||
Fair Value Disclosure, Agency Obligations | 0 | 0 |
Fair Value Disclosure, Agency RMBS | 0 | 0 |
Fair Value Disclosure, State and Political Subdivisions | 0 | 0 |
Fair Value Disclosure, Securities Available-for-Sale, Total | 0 | 0 |
Other Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Abstract] | ||
Loans Held-for-sale, Fair Value Disclosure | 175 | |
Impaired Loans, Fair Value Disclosure | 765 | 783 |
Other Assets Fair Value Nonrecurring | 965 | 992 |
Assets, Fair Value Disclosure, Nonrecurring | 1,905 | 1,775 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Abstract] | ||
Loans Held-for-sale, Fair Value Disclosure | 0 | |
Impaired Loans, Fair Value Disclosure | 0 | 0 |
Other Assets Fair Value Nonrecurring | 0 | 0 |
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Abstract] | ||
Loans Held-for-sale, Fair Value Disclosure | 175 | |
Impaired Loans, Fair Value Disclosure | 0 | 0 |
Other Assets Fair Value Nonrecurring | 0 | 0 |
Assets, Fair Value Disclosure, Nonrecurring | 175 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Abstract] | ||
Loans Held-for-sale, Fair Value Disclosure | 0 | |
Impaired Loans, Fair Value Disclosure | 765 | 783 |
Other Assets Fair Value Nonrecurring | 965 | 992 |
Assets, Fair Value Disclosure, Nonrecurring | $ 1,730 | $ 1,775 |
Fair Value Unobservable Inputs
Fair Value Unobservable Inputs (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Impaired Loans [Member] | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Assets, Fair Value Disclosure | $ 765 | $ 783 |
Impaired Loans [Member] | Appraisal, Appraisal Discount [Member] | Minimum | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 10% | 10% |
Impaired Loans [Member] | Appraisal, Appraisal Discount [Member] | Maximum | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 10% | 10% |
Impaired Loans [Member] | Appraisal, Appraisal Discount [Member] | Weighted Average | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 10% | 10% |
Mortgage Servicing Rights [Member] | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Assets, Fair Value Disclosure | $ 965 | $ 992 |
Mortgage Servicing Rights [Member] | Discounted Cash Flow, Prepayment Speed [Member] | Minimum | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 6.30% | 5.90% |
Mortgage Servicing Rights [Member] | Discounted Cash Flow, Prepayment Speed [Member] | Maximum | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 11.30% | 10.60% |
Mortgage Servicing Rights [Member] | Discounted Cash Flow, Prepayment Speed [Member] | Weighted Average | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 6.60% | 6% |
Mortgage Servicing Rights [Member] | Discounted Cash Flow, Discount Rate [Member] | Minimum | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 10% | 10.50% |
Mortgage Servicing Rights [Member] | Discounted Cash Flow, Discount Rate [Member] | Maximum | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 12% | 12.50% |
Mortgage Servicing Rights [Member] | Discounted Cash Flow, Discount Rate [Member] | Weighted Average | ||
Schedule Of Fair Value Significant Unobservable Inputs Used [Line Items] | ||
Unobservable Input, Input Percent | 10% | 10.50% |
Fair Value Financial Instrument
Fair Value Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ||
Fair Value, Financial Assets: [Abstract] | ||
Fair Value, Financial Instruments, Loans, Net | $ 560,305 | $ 550,431 |
Fair Value, Financial Instruments, Loans Held For Sale | 175 | |
Fair Value, Financial Liabilities: [Abstract] | ||
Fair Value, Financial Instruments, Time Deposits | 190,603 | 198,215 |
Estimate of Fair Value, Fair Value Disclosure [Member] | ||
Fair Value, Financial Assets: [Abstract] | ||
Fair Value, Financial Instruments, Loans, Net | 522,379 | 526,372 |
Fair Value, Financial Instruments, Loans Held For Sale | 175 | |
Fair Value, Financial Liabilities: [Abstract] | ||
Fair Value, Financial Instruments, Time Deposits | 188,651 | 195,171 |
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Financial Assets: [Abstract] | ||
Fair Value, Financial Instruments, Loans, Net | 0 | 0 |
Fair Value, Financial Instruments, Loans Held For Sale | 0 | |
Fair Value, Financial Liabilities: [Abstract] | ||
Fair Value, Financial Instruments, Time Deposits | 0 | 0 |
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Financial Assets: [Abstract] | ||
Fair Value, Financial Instruments, Loans, Net | 0 | 0 |
Fair Value, Financial Instruments, Loans Held For Sale | 175 | |
Fair Value, Financial Liabilities: [Abstract] | ||
Fair Value, Financial Instruments, Time Deposits | 188,651 | 195,171 |
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Financial Assets: [Abstract] | ||
Fair Value, Financial Instruments, Loans, Net | 522,379 | 526,372 |
Fair Value, Financial Instruments, Loans Held For Sale | 0 | |
Fair Value, Financial Liabilities: [Abstract] | ||
Fair Value, Financial Instruments, Time Deposits | $ 0 | $ 0 |