ChoiceOne Financial Services (COFS) 10-Q 9 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	Apr. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0000803164
Entity Registrant Name	ChoiceOne Financial Services, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	000-19202
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	38-2659066
Entity Address, Address Line One	109 East Division
Entity Address, City or Town	Sparta
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	49345
City Area Code	616
Local Phone Number	887-7366
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock
Trading Symbol	COFS
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		7,521,749

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 54,839	$ 43,593
Time deposits in other financial institutions	350	350
Cash and cash equivalents	55,189	43,943
Equity securities at fair value	8,699	8,566
Securities available for sale	535,348	529,749
Securities held to maturity, at amortized cost (Note 2)	422,876	425,906
Federal Home Loan Bank stock	5,195	3,517
Federal Reserve Bank stock	5,064	5,064
Loans held for sale	3,603	4,834
Loans (Note 3)	1,210,583	1,189,782
Allowance for credit losses (Note 3)	(15,065)	(7,619)
Loans, net	1,195,518	1,182,163
Premises and equipment, net	28,633	28,232
Other real estate owned, net	130	0
Cash value of life insurance policies	44,241	43,978
Goodwill	59,946	59,946
Core deposit intangible	2,557	2,809
Other assets	42,887	47,208
Total assets	2,409,886	2,385,915
Liabilities
Deposits - noninterest-bearing	554,699	599,579
Deposits - interest-bearing	1,513,429	1,518,424
Brokered deposits	37,773	0
Total deposits	2,105,901	2,118,003
Borrowings	85,000	50,000
Subordinated debentures	35,323	35,262
Other liabilities	14,950	13,776
Total liabilities	2,241,174	2,217,041
Shareholders' Equity
Preferred stock; shares authorized: 100,000; shares outstanding: none	0	0
Common stock and paid-in capital, no par value; shares authorized: 15,000,000; shares outstanding: 7,521,749 at March 31, 2023 and 7,516,098 at December 31, 2022	172,564	172,277
Retained earnings	64,026	68,394
Accumulated other comprehensive loss, net	(67,878)	(71,797)
Total shareholders’ equity	168,712	168,874
Total liabilities and shareholders’ equity	$ 2,409,886	$ 2,385,915

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, authorized (in shares)	100,000	100,000
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized (in shares)	15,000,000	15,000,000
Common stock, outstanding (in shares)	7,521,749	7,516,098

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest income
Loans, including fees	$ 14,873,000	$ 12,298,000
Securities:
Taxable	4,913,000	3,507,000
Tax exempt	1,435,000	1,655,000
Other	177,000	14,000
Total interest income	21,398,000	17,474,000
Interest expense
Deposits	3,276,000	783,000
Advances from Federal Home Loan Bank	605,000	1,000
Other	505,000	369,000
Total interest expense	4,386,000	1,153,000
Net interest income	17,012,000	16,321,000
Provision for credit losses on loans	309,000	0
Provision for credit losses on unfunded commitments	(284,000)	0
Net Provision for credit losses expense	25,000	0
Net interest income after provision	16,987,000	16,321,000
Noninterest income
Customer service charges	2,267,000	2,189,000
Insurance and investment commissions	196,000	205,000
Gains on sales of loans	403,000	804,000
Net gains on sales and write downs of other assets	3,000	171,000
Earnings on life insurance policies	263,000	280,000
Trust income	184,000	178,000
Change in market value of equity securities	63,000	(356,000)
Other	292,000	374,000
Total noninterest income	3,671,000	3,845,000
Noninterest expense
Salaries and benefits	8,083,000	7,606,000
Occupancy and equipment	1,643,000	1,625,000
Data processing	1,682,000	1,744,000
Professional fees	621,000	510,000
Supplies and postage	191,000	191,000
Advertising and promotional	149,000	132,000
Intangible amortization	252,000	282,000
FDIC insurance	300,000	225,000
Other	1,074,000	1,375,000
Total noninterest expense	13,995,000	13,690,000
Income before income tax	6,663,000	6,476,000
Income tax expense	1,030,000	948,000
Net income	$ 5,633,000	$ 5,528,000
Basic earnings per share (Note 4) (in dollars per share)	$ 0.75	$ 0.74
Diluted earnings per share (Note 4) (in dollars per share)	0.75	0.74
Dividends declared, per share (in dollars per share)	$ 0.26	$ 0.25

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income	$ 5,633	$ 5,528
Other comprehensive income:
Change in net unrealized gain (loss) on available-for-sale securities	13,694	(42,767)
Change in net unrealized gain (loss) on available-for-sale securities, Income tax benefit (expense)	(2,876)	8,981
Less: reclassification adjustment for net (gain) loss for fair value hedge	0	0
Less: reclassification adjustment for net (gain) loss for fair value hedge Income tax benefit (expense)	0	0
Unrealized gain (loss) on available-for-sale securities, net of tax	6,061	(33,786)
Amortization of net unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity	29	0
Amortization of net unrealized (gains) losses on securities transferred from available-for-sale to held-to-maturity, Income tax benefit (expense)	(6)	0
Unrealized loss on held to maturity securities, net of tax	23	0
Change in net unrealized gain (loss) on cash flow hedge	(2,896)	0
Change in net unrealized gain (loss) on cash flow hedge, Income tax benefit (expense)	608	0
Less: amortization of net unrealized (gains) losses included in net income	156	0
Less: amortization of net unrealized (gains) losses included in net income, Income tax benefit (expense)	(33)	0
Unrealized gain (loss) on cash flow hedge instruments, net of tax	(2,165)	0
Other comprehensive income (loss), net of tax	3,919	(33,786)
Comprehensive income (loss)	9,552	(28,258)
Designated as Hedging Instrument [Member]
Other comprehensive income:
Less: reclassification adjustment for net (gain) loss for fair value hedge	(6,021)	0
Less: reclassification adjustment for net (gain) loss for fair value hedge Income tax benefit (expense)	$ 1,264	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Common Stock and Paid in Capital [Member]	Common Stock and Paid in Capital [Member] Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Accumulated Other Comprehensive Income/(Loss), Net [Member]	Accumulated Other Comprehensive Income/(Loss), Net [Member] Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Cash Dividend [Member]	Cash Dividend [Member] Retained Earnings [Member]
Balance (in shares) at Dec. 31, 2021				7,510,379
Balance at Dec. 31, 2021	$ 221,669			$ 171,913		$ 52,332			$ (2,576)
Net income	5,528					5,528
Other comprehensive income (loss)	(33,786)								(33,786)
Shares issued (in shares)				5,332
Shares issued	133			$ 133
Effect of employee stock purchases	7			7
Stock-based compensation expense	121			$ 121
Shares repurchased (in shares)				(25,899)
Shares repurchased	(682)			$ (682)
Cash dividends declared											$ (1,872)	$ (1,872)
Balance (in shares) at Mar. 31, 2022				7,489,812
Balance at Mar. 31, 2022	$ 191,118			$ 171,492		55,988			(36,362)
Balance (in shares) at Dec. 31, 2022	7,516,098			7,516,098	7,516,098
Balance at Dec. 31, 2022	$ 168,874	$ (8,046)	$ 160,828	$ 172,277	$ 172,277	68,394	$ (8,046)	$ 60,348	(71,797)	$ (71,797)
Net income	5,633					5,633
Other comprehensive income (loss)	3,919								3,919
Shares issued (in shares)				5,651
Shares issued	147			$ 147
Effect of employee stock purchases	7			7
Stock-based compensation expense	$ 133			$ 133
Shares repurchased (in shares)	0
Cash dividends declared											$ (1,955)	$ (1,955)
Balance (in shares) at Mar. 31, 2023	7,521,749			7,521,749
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Balance at Mar. 31, 2023	$ 168,712			$ 172,564		$ 64,026			$ (67,878)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Dividends declared, per share (in dollars per share)	$ 0.26	$ 0.25

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 5,633	$ 5,528
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	25	0
Depreciation	609	672
Amortization	2,500	2,673
Compensation expense on employee and director stock purchases, stock options, and restricted stock units	235	226
Net change in market value of equity securities	(63)	356
Gains on sales of loans	(403)	(804)
Loans originated for sale	(10,283)	(29,531)
Proceeds from loan sales	11,753	25,896
Earnings on bank-owned life insurance	(263)	(280)
Proceeds from BOLI policy	0	130
Earnings on death benefit from bank-owned life insurance	0	(14)
(Gains)/losses on sales of other real estate owned	0	(41)
Proceeds from sales of other real estate owned	0	235
Deferred federal income tax (benefit)/expense	252	248
Net change in:
Other assets	995	173
Other liabilities	(1,821)	(2,665)
Net cash provided by operating activities	9,169	2,802
Cash flows from investing activities:
Maturities, prepayments and calls of securities available for sale	7,052	13,157
Maturities, prepayments and calls of securities held to maturity	2,990	1,078
Purchases of securities available for sale	(393)	(28,197)
Purchases of securities held to maturity	(421)	(3,160)
Purchase of Federal Home Loan Bank stock	(1,678)	0
Proceeds from redemption of Federal Home Loan Bank stock	0	331
Loan originations and payments, net	(20,701)	31,816
Additions to premises and equipment	(1,025)	(526)
Proceeds from (payments for) derivative contracts, net	(551)	0
Payments for derivative contracts settlements	(4,191)	0
Net cash provided by (used in) investing activities	(18,918)	14,499
Cash flows from financing activities:
Net change in deposits	(12,102)	93,307
Net change in short term borrowings	35,000	(50,000)
Issuance of common stock	52	35
Repurchase of common stock	0	(682)
Cash dividends	(1,955)	(1,872)
Net cash provided by financing activities	20,995	40,788
Net change in cash and cash equivalents	11,246	58,089
Beginning cash and cash equivalents	43,943	31,887
Ending cash and cash equivalents	55,189	89,976
Supplemental disclosures of cash flow information:
Cash paid for interest	4,557	1,413
Cash paid for income taxes	0	0
Loans transferred to other real estate owned	$ 130	$ 172

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include ChoiceOne Financial Services, Inc. ("ChoiceOne"), its wholly-owned subsidiary, ChoiceOne Bank, and ChoiceOne Bank’s wholly-owned subsidiary, ChoiceOne Insurance Agencies, Inc. Intercompany transactions and balances have been eliminated in consolidation. ChoiceOne owns all of the common securities of Community Shores Capital Trust I (the “Capital Trust”). Under U.S. generally accepted accounting principles ("GAAP"), the Capital Trust is not consolidated because it is a variable interest entity and ChoiceOne is not the primary beneficiary. The accompanying unaudited consolidated financial statements and notes thereto reflect all adjustments ordinary in nature which are, in the opinion of management, necessary for a fair presentation of such financial statements. Operating results for the three months ended March 31, 2023 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 . The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in ChoiceOne’s Annual Report on Form 10-K for the year ended December 31, 2022 . Use of Estimates To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, ChoiceOne’s management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided. These estimates and assumptions are subject to many risks and uncertainties, and actual results may differ from these estimates. Estimates associated with the allowance for credit losses and the unrealized gains and losses on securities available for sale and held to maturity are particularly susceptible to change. Investment Securities Investment securities for which ChoiceOne has the intent and ability to hold to maturity are classified as held to maturity and are carried at amortized cost. Investment securities not classified as held to maturity are classified as available for sale and are reported at fair value with unrealized gains and losses, net of income taxes, as a separate component of other comprehensive income. ChoiceOne determines the appropriate classification of investment securities at the time of purchase and reassesses the classification at each reporting date. Additions to securities held to maturity consist mostly of local issue municipals. Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the acquired tangible assets and liabilities and identifiable intangible assets. Goodwill and intangible assets acquired in a purchase or business combination and determined to have an indefinite useful life are not amortized but tested for impairment at least annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. Core Deposit Intangible Core deposit intangible represents the value of the acquired customer core deposit bases and is included as an asset on the consolidated balance sheets. The core deposit intangible has an estimated finite life, is amortized on an accelerated basis over a 120 month period and is subject to periodic impairment evaluation. Stock Transactions A total of 3,220 shares of common stock were issued to ChoiceOne’s Board of Directors for a cash price of $ 94,000 under the terms of the Directors’ Stock Purchase Plan in the first quarter of 2023 . A total of 2,431 shares for a cash price of $ 53,000 were issued under the Employee Stock Purchase Plan in the first quarter of 2023 . ChoiceOne's common stock repurchase program announced in April 2021 and amended in 2022, authorizes repurchases of up to 375,388 shares, representing 5 % of the total outstanding shares of common stock as of the date the program was adopted. No shares were repurchased under this program in the first quarter of 2023 . Reclassifications Certain amounts presented in prior periods have been reclassified to conform to the current presentation. Recently Issued Accounting Pronouncements Allowance for Credit Losses ("ACL") In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments. This ASU (as subsequently amended by ASU 2018-19) significantly changed how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the current “incurred loss” approach with an “expected loss” model. The new model, referred to as the CECL model, applies to financial assets subject to credit losses and measured at amortized cost, and certain off-balance sheet credit exposures. The standard also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the ACL. In addition, entities need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. A reasonable and supportable economic forecast is a key component of the CECL methodology. ChoiceOne adopted CECL effective January 1, 2023 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with the incurred loss accounting standards. The transition adjustment of the CECL adoption included an increase in the ACL of $ 7.2 million, which included a $ 5.5 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Consolidated Balance Sheet, with the $ 1.5 million tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. The transition adjustment of the CECL adoption included an additional ACL on unfunded commitments of $ 3.3 million, which included a $ 2.6 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Consolidated Balance Sheet, with the $ 688,000 tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. The ACL is a valuation allowance for probable incurred credit losses. The ACL is increased by the provision for credit losses and decreased by loans charged off less any recoveries of charged off loans. As ChoiceOne has had very limited loss experience since 2011, management elected to utilize benchmark peer loss history data to estimate historical loss rates. ChoiceOne worked with a third party advisory firm to identify an appropriate peer group for each loan group which shared similar characteristics. Management estimates the ACL required based on a selected peer group loan loss experience, the nature and volume of the loan portfolio, information about specific borrower situations and estimated collateral values, a reasonable and supportable economic forecast, and other factors. Allocations of the ACL may be made for specific loans, but the entire ACL is available for any loan that, in management’s judgment, should be charged off. Loan losses are charged against the ACL when management believes that collection of a loan balance is not possible. The ACL consists of general and specific components. The general component covers loans collectively evaluated for credit losses and is based on peer historical loss experience adjusted for current and forecasted factors. Management's adjustment for current and forecasted factors is based on trends in delinquencies, trends in charge-offs and recoveries, trends in the volume of loans, changes in underwriting standards, trends in loan review findings, the experience and ability of lending staff, and a reasonable and supportable economic forecast described further below. The discounted cash flow methodology is utilized for all loan pools. This methodology is supported by our CECL software provider and allows management to automatically calculate contractual life by factoring in all cash flows and adjusting them for behavioral and credit-related aspects. Reasonable and supportable economic forecasts have to be incorporated in determining expected credit losses. The forecast period represents the time frame from the current period end through the point in time that we can reasonably forecast and support entity and environmental factors that are expected to impact the performance of our loan portfolio. Ideally, the economic forecast period would encompass the contractual terms of all loans; however, the ability to produce a forecast that is considered reasonable and supportable becomes more difficult or may not be possible in later periods. Subsequent to the end of the forecast period, we revert to historical loan data based on an ongoing evaluation of each economic forecast in relation to then current economic conditions as well as any developing loan loss activity and resulting historical data. As of March 31, 2023, we used a one-year reasonable and supportable economic forecast period, with a two year straight-line reversion period. We are not required to develop and use our own economic forecast model, and elected to utilize economic forecasts from third-party providers that analyze and develop forecasts of the economy for the entire United States at least quarterly. We are also required to consider expected credit losses associated with loan commitments over the contractual period in which we are exposed to credit risk on the underlying commitments unless the obligation is unconditionally cancellable by us. Any allowance for off-balance sheet credit exposures is reported as an other liability on our Consolidated Balance Sheet and is increased or decreased via the provision for credit losses account on our Consolidated Statement of Income. The calculation includes consideration of the likelihood that funding will occur and forecasted credit losses on commitments expected to be funded over their estimated lives. The allowance is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to be funded. . Securities Available for Sale - For securities AFS in an unrealized loss position, management determines whether they intend to sell or if it is more likely than not that ChoiceOne will be required to sell the security before recovery of the amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income with an allowance being established under CECL. For securities AFS with unrealized losses not meeting these criteria, management evaluates whether any decline in fair value is due to credit loss factors. In making this assessment, management considers any changes to the rating of the security by rating agencies and adverse conditions specifically related to the issuer of the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses (“ACL”) is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Changes in the ACL under ASC 326-30 are recorded as provisions for (or reversal of) credit loss expense. Losses are charged against the allowance when the collectability of a debt security AFS is confirmed or when either of the criteria regarding intent or requirement to sell is met. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income, net of income taxes. At March 31, 2023 and at adoption of CECL on January 1, 2023, there was no ACL related to debt securities AFS. Accrued interest receivable on debt securities was excluded from the estimate of credit losses. Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. ChoiceOne has determined that any loans which have been placed on non-performing status, loans with a risk rating of 6 or higher, and loans past due more than 60 days will be assessed for individually evaluation. Management's judgment will be used to determine if the loan should be migrated back to pool on an individual basis. Individual analysis will establish a specific reserve for loans in scope. Specific reserves on non-performing loans are typically based on management’s best estimate of the fair value of collateral securing these loans, adjusted for selling costs as appropriate. Securities Held to Maturity - Since the adoption of CECL, ChoiceOne measures credit losses on HTM securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of HTM securities to present the net amount expected to be collected. HTM securities are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in ChoiceOne’s Consolidated Statements of Income in the provision for credit losses. Accrued interest receivable on HTM securities is excluded from the estimate of credit losses. With regard to US Treasury securities, these have an explicit government guarantee; therefore, no ACL is recorded for these securities. With regard to obligations of states and political subdivisions and other HTM securities, management considers (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financial condition of the issuer, and (4) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. At March 31, 2023 and at adoption of CECL on January 1, 2023, there was no ACL related to securities HTM. Troubled Loan Modifications FASB also issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This standard eliminated the previous accounting guidance for troubled debt restructurings and added additional disclosure requirements for gross chargeoffs by year of origination. It also prescribes guidance for reporting modifications of loans to borrowers experiencing financial difficulty. Investment in Equity Method and Joint Ventures In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Venture (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. The amendments in this ASU permit reporting entities to account for the tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2023. Early adoption is permitted. ChoiceOne is currently evaluating the impact of this standard on the consolidated financial statements.

Securities

Securities	3 Months Ended
	Mar. 31, 2023
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Securities	NOTE 2 – SECURITIES On January 1, 2022, ChoiceOne reassessed and transferred, at fair value $ 428.4 million of securities classified as available for sale to the held to maturity classification. The net unrealized after-tax loss of $ 2.7 million as of the transfer date remained in accumulated other comprehensive income to be amortized over the remaining life of the securities, offsetting the related amortization of discount or premium on the transferred securities. No gains or losses were recognized at the time of the transfer. The remaining net unamortized unrealized loss on transferred securities included in accumulated other comprehensive income was $ 2.4 million after tax as of March 31, 2023. The fair value of equity securities and the related gross unrealized gains and (losses) recognized in noninterest income were as follows: March 31, 2023 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value Equity securities $ 9,052 $ 310 $ ( 663 ) $ 8,699 December 31, 2022 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value Equity securities $ 8,982 $ 305 $ ( 721 ) $ 8,566 The following tables present the amortized cost and fair value of securities available for sale and the gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and the fair value of securities held to maturity and the related gross unrealized gains and losses: March 31, 2023 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Available for Sale: Cost Gains Losses Value U.S. Treasury notes and bonds $ 90,695 $ - $ ( 10,720 ) $ 79,975 State and municipal 281,139 - ( 44,641 ) 236,498 Mortgage-backed 231,577 8 ( 25,448 ) 206,137 Corporate 758 - ( 42 ) 716 Asset-backed securities 12,546 - ( 524 ) 12,022 Total $ 616,715 $ 8 $ ( 81,375 ) $ 535,348 Held to Maturity: U.S. Government and federal agency $ 2,968 $ - $ ( 365 ) $ 2,603 State and municipal 199,267 1 ( 32,688 ) 166,580 Mortgage-backed 199,795 - ( 29,139 ) 170,656 Corporate 19,990 46 ( 2,292 ) 17,744 Asset-backed securities 856 - ( 66 ) 790 Total $ 422,876 $ 47 $ ( 64,550 ) $ 358,373 December 31, 2022 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Available for Sale: Cost Gains Losses Value U.S. Treasury notes and bonds $ 90,810 $ - $ ( 12,606 ) $ 78,204 State and municipal 277,489 - ( 47,551 ) 229,938 Mortgage-backed 236,703 - ( 28,140 ) 208,563 Corporate 757 - ( 46 ) 711 Asset-backed securities 13,031 - ( 698 ) 12,333 Total $ 618,790 $ - $ ( 89,041 ) $ 529,749 Held to Maturity: U.S. Government and federal agency $ 2,966 $ - $ ( 421 ) $ 2,545 State and municipal 201,890 1 ( 39,355 ) 162,536 Mortgage-backed 200,473 - ( 29,868 ) 170,605 Corporate 19,603 - ( 2,285 ) 17,318 Asset-backed securities 974 - ( 77 ) 897 Total $ 425,906 $ 1 $ ( 72,006 ) $ 353,901 Available for sale securities with unrealized losses as of March 31, 2023 and December 31, 2022, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows: March 31, 2023 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available for Sale: Value Losses Value Losses Value Losses U.S. Treasury notes and bonds $ - $ - $ 79,975 $ 10,720 $ 79,975 $ 10,720 State and municipal 2,481 25 233,517 44,616 235,998 44,641 Mortgage-backed 26,955 1,626 178,182 23,822 205,137 25,448 Corporate 501 7 215 35 716 42 Asset-backed securities - - 12,022 524 12,022 524 Total temporarily impaired $ 29,937 $ 1,658 $ 503,911 $ 79,717 $ 533,848 $ 81,375 December 31, 2022 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available for Sale: Value Losses Value Losses Value Losses U.S. Treasury notes and bonds $ - $ - $ 78,204 $ 12,606 $ 78,204 $ 12,606 State and municipal 89,158 12,612 140,390 34,939 229,548 47,551 Mortgage-backed 63,249 3,093 144,318 25,047 207,567 28,140 Corporate 711 46 - - 711 46 Asset-backed securities - - 12,333 698 12,333 698 Total temporarily impaired $ 153,118 $ 15,751 $ 375,245 $ 73,290 $ 528,363 $ 89,041 Held to maturity securities with unrealized losses as of March 31, 2023 and December 31, 2022, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows: March 31, 2023 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Held to Maturity: Value Losses Value Losses Value Losses U.S. Government and federal agency $ - $ - $ 2,603 $ 365 $ 2,603 $ 365 State and municipal 1,411 10 164,769 32,678 166,180 32,688 Mortgage-backed 414 24 170,242 29,115 170,656 29,139 Corporate 2,263 171 13,803 2,121 16,066 2,292 Asset-backed securities - - 790 66 790 66 Total temporarily impaired $ 4,088 $ 205 $ 352,207 $ 64,345 $ 356,295 $ 64,550 December 31, 2022 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Held to Maturity: Value Losses Value Losses Value Losses U.S. Government and federal agency $ - $ - $ 2,545 $ 421 $ 2,545 $ 421 State and municipal 13,457 1,899 149,016 37,456 162,473 39,355 Mortgage-backed 25,582 822 145,024 29,046 170,606 29,868 Corporate 5,296 603 10,771 1,682 16,067 2,285 Asset-backed securities - - 897 77 897 77 Total temporarily impaired $ 44,335 $ 3,324 $ 308,253 $ 68,682 $ 352,588 $ 72,006 ChoiceOne evaluates all securities on a quarterly basis to determine if an ACL and corresponding impairment charge should be recorded. Consideration is given to the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of ChoiceOne to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value of amortized cost basis. ChoiceOne believes that unrealized losses on securities were temporary in nature and were caused primarily by changes in interest rates, increased credit spreads, and reduced market liquidity and were not caused by the credit status of the issuer. No ACL was recorded in the three months ended March 31, 2023 , and no other-than-temporary impairment charges were recorded in the same periods in 2022 . At March 31, 2023 and December 31, 2022, there were 604 and 611 securities with an unrealized loss, respectively. Unrealized losses on corporate and municipal bonds have not been recognized into income because the issuers’ bonds are of high credit quality, and management does not intend to sell prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates and other market conditions. The issuers continue to make timely principal and interest payments on the bonds. The fair value is expected to recover as the bonds approach maturity. The majority of unrealized losses at March 31, 2023 , are related to U.S. Treasury notes and bonds, state and municipal bonds and mortgage backed securities. The U.S. Treasury notes are guaranteed by the U.S. government and 100 % of the notes are rated AA or better. State and municipal bonds are backed by the taxing authority of the bond issuer or the revenues from the bond. On March 31, 2023 , 86 % of state and municipal bonds held are rated AA or better, 11 % are A rated and 3 % are not rated. Of the mortgage-backed securities held on March 31, 2023 , 38 % were issued by US government sponsored entities and agencies, and rated AA, 46 % are AAA rated private issue and collateralized mortgage obligation, and 16 % are unrated privately issued mortgage-backed securities with structured credit enhancement and collateralized mortgage obligation. Presented below is a schedule of maturities of securities as of March 31, 2023. Available for sale securities are reported at fair value and held to maturity securities are reported at amortized cost. Callable securities in the money are presumed called and matured at the callable date. Available for Sale Securities maturing within: Fair Value Less than 1 Year - 5 Years - More than at March 31, (Dollars in thousands) 1 Year 5 Years 10 Years 10 Years 2023 U.S. Government and federal agency $ - $ - $ - $ - $ - U.S. Treasury notes and bonds - 19,451 60,524 - 79,975 State and municipal 4,261 7,282 99,415 125,540 236,498 Corporate 501 - 215 — 716 Asset-backed securities — 8,767 3,255 — 12,022 Total debt securities 4,762 35,500 163,409 125,540 329,211 Mortgage-backed securities 7,412 76,343 106,925 15,457 206,137 Total Available for Sale $ 12,174 $ 111,843 $ 270,334 $ 140,997 $ 535,348 Held to Maturity Securities maturing within: Amortized Cost Less than 1 Year - 5 Years - More than at March 31, (Dollars in thousands) 1 Year 5 Years 10 Years 10 Years 2023 U.S. Government and federal agency $ — $ — $ 2,968 $ — $ 2,968 State and municipal 2,415 4,998 89,542 102,312 199,267 Corporate — - 18,990 1,000 19,990 Asset-backed securities — 856 — — 856 Total debt securities 2,415 5,854 111,500 103,312 223,081 Mortgage-backed securities 21,951 32,133 145,711 — 199,795 Total Held to Maturity $ 24,366 $ 37,987 $ 257,211 $ 103,312 $ 422,876 Following is information regarding unrealized gains and losses on equity securities for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Net gains and (losses) recognized during the period $ 63 $ ( 356 ) Less: Net gains and (losses) recognized during the period on securities sold — — Unrealized gains and (losses) recognized during the reporting period on securities still held at the reporting date $ 63 $ ( 356 )

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans and Allowance for Credit Losses	NOTE 3 – LOANS AND ALLOWANCE FOR CREDIT LOSSES Loans by type as a percentage of the portfolio were as follows: March 31, 2023 December 31, 2022 (Dollars in thousands) Balance % Balance % Percent Increase (Decrease) Agricultural $ 55,995 4.63 % 64,159 5.39 % ( 12.72 ) % Commercial and Industrial 217,063 17.93 % 210,210 17.67 % 3.26 % Commercial Real Estate 648,202 53.54 % 630,953 53.03 % 2.73 % Consumer 38,891 3.21 % 39,808 3.35 % ( 2.30 ) % Construction Real Estate 13,939 1.15 % 14,736 1.24 % ( 5.41 ) % Residential Real Estate 236,493 19.54 % 229,916 19.32 % 2.86 % Gross Loans $ 1,210,583 $ 1,189,782 Allowance for credit losses 15,065 1.24 % 7,619 0.64 % Net loans $ 1,195,518 $ 1,182,163 Activity in the allowance for credit losses and balances in the loan portfolio were as follows: Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Credit Losses Three Months Ended March 31, 2023 Beginning balance $ 144 $ 1,361 $ 310 $ 4,822 $ 63 $ 906 $ 13 $ 7,619 Cumulative effect of change in accounting principle 14 1,587 541 3,006 20 2,010 ( 13 ) 7,165 Charge-offs — — ( 140 ) — — — — ( 140 ) Recoveries — 27 69 13 — 3 — 112 Provision ( 23 ) 45 133 ( 4 ) ( 10 ) 168 — 309 Ending balance $ 135 $ 3,020 $ 913 $ 7,837 $ 73 $ 3,087 $ — $ 15,065 Individually evaluated for credit loss $ 1 $ 7 $ 1 $ 1 $ — $ 42 $ — $ 52 Collectively evaluated for credit loss $ 134 $ 3,013 $ 912 $ 7,836 $ 73 $ 3,045 $ — $ 15,013 Loans March 31, 2023 Individually evaluated for credit loss $ 18 $ 180 $ 27 $ 32 $ — $ 1,894 $ 2,151 Collectively evaluated for credit loss 55,977 216,883 38,864 648,170 13,939 234,599 1,208,432 Ending balance $ 55,995 $ 217,063 $ 38,891 $ 648,202 $ 13,939 $ 236,493 $ 1,210,583 Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses Three Months Ended March 31, 2022 Beginning balance $ 448 $ 1,454 $ 290 $ 3,705 $ 110 $ 671 $ 1,010 $ 7,688 Charge-offs — ( 31 ) ( 112 ) - — — — ( 143 ) Recoveries — 2 52 1 — 1 — 56 Provision ( 61 ) 327 74 ( 16 ) ( 73 ) ( 83 ) ( 168 ) — Ending balance $ 387 $ 1,752 $ 304 $ 3,690 $ 37 $ 589 $ 842 $ 7,601 Individually evaluated for impairment $ 253 $ 116 $ 3 $ 9 $ — $ 167 $ — $ 548 Collectively evaluated for impairment $ 134 $ 1,636 $ 301 $ 3,681 $ 37 $ 422 $ 842 $ 7,053 Loans March 31, 2022 Individually evaluated for impairment $ 2,542 $ 356 $ 32 $ 157 $ — $ 1,853 $ 4,940 Collectively evaluated for impairment 59,076 194,024 36,108 527,743 15,669 174,206 1,006,826 Acquired with deteriorated credit quality — 4,534 11 9,352 — 1,743 15,640 Ending balance $ 61,618 $ 198,914 $ 36,151 $ 537,252 $ 15,669 $ 177,802 $ 1,027,406 Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses December 31, 2022 Individually evaluated for impairment $ 2 $ 14 $ 1 $ 5 $ — $ 131 $ — $ 153 Collectively evaluated for impairment $ 142 $ 1,347 $ 309 $ 4,817 $ 63 $ 775 $ 13 $ 7,466 Loans December 31, 2022 Individually evaluated for impairment $ 23 $ 177 $ 7 $ 165 $ — $ 2,474 $ 2,846 Collectively evaluated for impairment 64,136 206,074 39,793 622,131 14,736 225,792 1,172,662 Acquired with deteriorated credit quality — 3,959 8 8,657 — 1,650 14,274 Ending balance $ 64,159 $ 210,210 $ 39,808 $ 630,953 $ 14,736 $ 229,916 $ 1,189,782 The provision for credit losses on loans was $ 309,000 in the first quarter of 2023 , compared to $ 0 in the same period in the prior year. Provision expense was deemed necessary to reserve for core loan growth of $ 20.8 million in the first quarter of 2023. There was very little change to forecasted economic conditions and no changes to qualitative factors from the CECL implementation date of January 1, 2023 to March 31, 2023. The process to monitor the credit quality of ChoiceOne’s loan portfolio includes tracking (1) the risk ratings of business loans, (2) the level of classified business loans, and (3) delinquent and nonperforming consumer loans. Business loans are risk rated on a scale of 1 to 9. A description of the characteristics of the ratings follows: Risk Rating 1 through 5 or pass: These loans are considered pass credits. They exhibit acceptable credit risk and demonstrate the ability to repay the loan from normal business operations. Risk rating 6 or special mention: Loans and other credit extensions bearing this grade are considered to be inadequately protected by the current sound worth and debt service capacity of the borrower or of any pledged collateral. These obligations, even if apparently protected by collateral value, have well-defined weaknesses related to adverse financial, managerial, economic, market, or political conditions that have clearly jeopardized repayment of principal and interest as originally intended. Furthermore, there is the possibility that ChoiceOne Bank will sustain some future loss if such weaknesses are not corrected. Clear loss potential, however, does not have to exist in any individual asset classified as substandard. Loans falling into this category should have clear action plans and timelines with benchmarks to determine which direction the relationship will move. Risk rating 7 or substandard: Loans and other credit extensions graded “7” have all the weaknesses inherent in those graded “6”, with the added characteristic that the severity of the weaknesses makes collection or liquidation in full highly questionable or improbable based upon currently existing facts, conditions, and values. Loans in this classification should be evaluated for non-accrual status. All nonaccrual commercial and Retail loans must be at a minimum graded a risk code “7”. Risk rating 8 or doubtful: Loans and other credit extensions bearing this grade have been determined to have the extreme probability of some loss, but because of certain important and reasonably specific factors, the amount of loss cannot be determined. Such pending factors could include merger or liquidation, additional capital injection, refinancing plans, or perfection of liens on additional collateral. Risk rating 9 or loss: Loans in this classification are considered uncollectible and cannot be justified as a viable asset of ChoiceOne Bank. This classification does not mean the loan has absolutely no recovery value, but that it is neither practical nor desirable to defer writing off this loan even though partial recovery may be obtained in the future. The following table reflects the amortized cost basis of loans as of March 31, 2023 based on year of origination (dollars in thousands): Commercial: 2023 2022 2021 2020 2019 Prior Term Loans Total Revolving Loans Grand Total Agricultural Pass $ 19 $ 19,463 $ 3,285 $ 1,905 $ 7,853 $ 18,052 $ 50,577 $ 5,149 $ 55,726 Special mention - - - - 184 85 269 - 269 Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 19 $ 19,463 $ 3,285 $ 1,905 $ 8,037 $ 18,137 $ 50,846 $ 5,149 $ 55,995 Current year-to-date gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial and Industrial Pass $ 9,644 $ 49,508 $ 31,241 $ 14,120 $ 16,186 $ 16,174 $ 136,873 $ 79,836 $ 216,709 Special mention - - 38 161 110 38 347 - 347 Substandard - - - - - 7 7 - 7 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 9,644 $ 49,508 $ 31,279 $ 14,281 $ 16,296 $ 16,219 $ 137,227 $ 79,836 $ 217,063 Current year-to-date gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial Real Estate Pass $ 20,489 $ 136,340 $ 129,054 $ 85,247 $ 49,365 $ 158,159 $ 578,654 $ 64,573 $ 643,227 Special mention - - - - - 761 761 - 761 Substandard - - - - - 4,214 4,214 - 4,214 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 20,489 $ 136,340 $ 129,054 $ 85,247 $ 49,365 $ 163,134 $ 583,629 $ 64,573 $ 648,202 Retail: 2023 2022 2021 2020 2019 Prior Term Loans Total Revolving Loans Grand Total Consumer Performing $ 2,786 $ 17,480 $ 9,478 $ 4,431 $ 2,094 $ 2,034 $ 38,303 $ 588 $ 38,891 Nonperforming - - - - - - - - - Nonaccrual - - - - - - - - - Total $ 2,786 $ 17,480 $ 9,478 $ 4,431 $ 2,094 $ 2,034 $ 38,303 $ 588 $ 38,891 Current year-to-date gross write-offs $ - $ 12 $ 7 $ 1 $ - $ - $ 20 $ - $ 20 Construction real estate Performing $ - $ 1,599 $ 1,001 $ - $ - $ - $ 2,600 $ 11,339 $ 13,939 Nonperforming - - - - - - - - - Nonaccrual - - - - - - - - - Total $ - $ 1,599 $ 1,001 $ - $ - $ - $ 2,600 $ 11,339 $ 13,939 Current year-to-date gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential real estate Performing $ 9,793 $ 70,595 $ 30,957 $ 18,271 $ 14,386 $ 46,875 $ 190,877 $ 44,020 $ 234,897 Nonperforming - - - - - - - - - Nonaccrual - 420 214 - - 885 1,519 77 1,596 Total $ 9,793 $ 71,015 $ 31,171 $ 18,271 $ 14,386 $ 47,760 $ 192,396 $ 44,097 $ 236,493 Corporate Credit Exposure - Credit risk profile by credit worthiness category (Dollars in thousands) Agricultural Commercial and Industrial Commercial Real Estate December 31, December 31, December 31, 2022 2022 2022 Pass $ 63,867 $ 209,700 $ 624,555 Special Mention 289 400 2,048 Substandard 3 110 4,350 Doubtful — - — Loss - - - $ 64,159 $ 210,210 $ 630,953 Consumer Credit Exposure - Credit risk profile based on payment activity (Dollars in thousands) Consumer Construction Real Estate Residential Real Estate December 31, December 31, December 31, 2022 2022 2022 Performing $ 39,808 $ 14,736 $ 228,653 Nonperforming — — — Nonaccrual — — 1,263 $ 39,808 $ 14,736 $ 229,916 The following table provides information on loans that were considered troubled loan modification ("TLMs") that were modified during the three months ended March 31, 2023 Three Months Ended March 31, 2023 Term extension % of total class of (Dollars in thousands) Amortized financing Cost basis receivable Residential real estate $ 129 0 % Total 129 Three Months Ended March 31, 2023 Term extension Residential real estate Provided twelve month payment plan to catch up past due amount through our standard program. Three Months Ended March 31, 2023 (Dollars in thousands) Term extension Residential real estate $ 129 Total $ 129 Three Months Ended March 31, 2023 (Dollars in thousands) Current 30-89 days Greater than 90 days Total Residential real estate $ 129 — — — Total $ 129 $ - $ - $ - The following table provides information on loans that were considered troubled debt restructurings ("TDRs") that were modified during the three months ended March 31, 2022 . Three Months Ended March 31, 2022 Pre- Post- Modification Modification Outstanding Outstanding (Dollars in thousands) Number of Recorded Recorded Loans Investment Investment Agricultural 1 $ 258 $ 258 Total 1 $ 258 $ 258 There were no TDRs where the borrower was past due with respect to principal and/or interest for 30 days or more during the three months ended March 31, 2022, which loans had been modified and classified as TDRs during the year prior to the default. Nonaccrual loans by loan category as of March 31, 2023 were as follows: (Dollars in thousands) Nonaccrual loans with no ACL Total nonaccrual loans Interest income recognized during the period on nonaccrual loans Residential real estate $ 1,432 $ 1,596 $ — Total nonaccrual loans $ 1,432 $ 1,596 $ — Nonaccrual loans by loan category as of December 31, 2022 were as follows: (Dollars in thousands) Total nonaccrual loans Residential real estate $ 1,263 $ 1,263 The following schedule provides information regarding average balances of loans evaluated for impairment and interest recognized on March 31, 2022: Interest (Dollars in thousands) Recorded Related Income Investment Allowance Recognized December 31, 2022 With no related allowance recorded Agricultural $ — $ — $ — Commercial and industrial — — — Consumer — — — Construction real estate — — — Commercial real estate — — — Residential real estate 550 — 1 Subtotal 550 — 1 With an allowance recorded Agricultural 23 2 2 Commercial and industrial 177 14 13 Consumer 7 1 1 Construction real estate — — — Commercial real estate 165 5 13 Residential real estate 1,924 131 93 Subtotal 2,296 153 122 Total Agricultural 23 2 2 Commercial and industrial 177 14 13 Consumer 7 1 1 Construction real estate — — — Commercial real estate 165 5 13 Residential real estate 2,474 131 94 Total $ 2,846 $ 153 $ 123 Interest (Dollars in thousands) Recorded Related Income Investment Allowance Recognized March 31, 2022 With no related allowance recorded Agricultural $ 314 $ — $ — Commercial and industrial 92 — 1 Consumer — — — Construction real estate — — — Commercial real estate — — — Residential real estate - — — Subtotal 406 — 1 With an allowance recorded Agricultural 2,228 253 42 Commercial and industrial 264 116 2 Consumer 32 3 — Construction real estate — — — Commercial real estate 157 8 3 Residential real estate 1,853 167 17 Subtotal 4,534 547 64 Total Agricultural 2,542 253 42 Commercial and industrial 356 116 3 Consumer 32 3 — Construction real estate — — — Commercial real estate 157 8 3 Residential real estate 1,853 167 17 Total $ 4,940 $ 547 $ 65 An aging analysis of loans by loan category follows: Loans Loans Loans Loans Past Due 90 Days Past Due Past Due Greater Past (Dollars in thousands) 30 to 59 60 to 89 Than 90 Loans Not Total Due and Days (1) Days (1) Days (1) Total (1) Past Due Loans Accruing March 31, 2023 Agricultural $ — $ — $ — $ — $ 55,995 $ 55,995 $ — Commercial and industrial 174 — — 174 216,889 217,063 — Consumer 3 27 — 30 38,861 38,891 — Commercial real estate — — — — 648,202 648,202 — Construction real estate 267 — — 267 13,672 13,939 — Residential real estate 2,416 290 153 2,859 233,634 236,493 $ 2,860 $ 317 $ 153 $ 3,330 $ 1,207,253 $ 1,210,583 $ — December 31, 2022 Agricultural $ — $ — $ — $ — $ 64,159 $ 64,159 $ — Commercial and industrial — 171 — 171 210,039 210,210 — Consumer 39 7 — 46 39,762 39,808 — Commercial real estate — — — — 630,953 630,953 — Construction real estate — — — — 14,736 14,736 — Residential real estate 682 — 842 1,524 228,392 229,916 — $ 721 $ 178 $ 842 $ 1,741 $ 1,188,041 $ 1,189,782 $ — (1) Includes nonaccrual loans. The table below presents a roll forward of the accretable yield on the County Bank Corp. acquired loan portfolio for the years ended December 31, 2022 and the three months ended March 31, 2023 (dollars in thousands): (Dollars in thousands) Purchased with credit deterioration Purchased without credit deterioration Acquired Total Balance January 1, 2022 288 1,176 1,464 Transfer from non-accretable to accretable yield 2,192 — 2,192 Accretion January 1, 2022 through December 31, 2022 ( 553 ) ( 98 ) ( 651 ) Balance January 1, 2023 1,927 1,078 3,005 Transfer from non-accretable to accretable yield - Accretion January 1, 2023 through March 31, 2023 ( 133 ) ( 135 ) ( 268 ) Balance, March 31, 2023 $ 1,794 $ 943 $ 2,737 The table below presents a roll forward of the accretable yield on Community Shores Bank Corporation acquired loan portfolio for the years ended December 31, 2022 and the three months ended March 31, 2023 (dollars in thousands): Purchased with credit deterioration Purchased without credit deterioration Acquired Total Balance January 1, 2022 522 197 719 Transfer from non-accretable to accretable yield 1,086 — 1,086 Accretion January 1, 2022 through December 31, 2022 ( 993 ) ( 197 ) ( 1,190 ) Balance January 1, 2023 615 - 615 Transfer from non-accretable to accretable yield 622 622 Accretion January 1, 2023 through March 31, 2023 ( 203 ) ( 203 ) Balance, March 31, 2023 $ 1,034 $ - $ 1,034

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Financial Instruments
Earnings Per Share	NOTE 4 – EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows: Three Months Ended (Dollars in thousands, except share data) March 31, 2023 2022 Basic Net income $ 5,633 $ 5,528 Weighted average common shares outstanding 7,519,282 7,495,464 Basic earnings per common shares $ 0.75 $ 0.74 Diluted Net income $ 5,633 $ 5,528 Weighted average common shares outstanding 7,519,282 7,495,464 Plus dilutive stock options and restricted stock units 33,047 21,461 Weighted average common shares outstanding and potentially dilutive shares 7,552,329 7,516,925 Diluted earnings per common share $ 0.75 $ 0.74 There were no performance awards, restricted stock, or stock options that were considered anti-dilutive to earnings per share for the three months ended March 31, 2023 . There were no performance awards or restricted stock units that were considered anti-dilutive and there were 12,000 stock options that were considered anti-dilutive for the three months ended March 31, 2022.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2023
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Financial Instruments	Note 5 – Financial Instruments Financial instruments as of the dates indicated were as follows: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable (Dollars in thousands) Carrying Estimated Assets Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) March 31, 2023 Assets Cash and cash equivalents $ 55,189 $ 55,189 $ 55,189 $ - $ - Equity securities at fair value 8,699 8,699 6,062 - 2,637 Securities available for sale 535,348 535,348 79,975 455,373 - Securities held to maturity 422,876 358,373 - 342,946 15,427 Federal Home Loan Bank and Federal Reserve Bank stock 10,259 10,259 - 10,259 - Loans held for sale 3,603 3,711 - 3,711 - Loans to other financial institutions - - - - - Loans, net 1,195,518 1,151,264 - - 1,151,264 Accrued interest receivable 9,652 9,652 - 9,652 - Interest rate lock commitments 87 87 - 87 - Mortgage loan servicing rights 4,165 5,623 - 5,623 - Interest rate derivative contracts 2,244 2,244 - 2,244 - Liabilities Noninterest-bearing deposits 554,699 554,699 554,699 - - Interest-bearing deposits 1,513,429 1,510,549 - 1,510,549 - Brokered deposits 37,773 37,698 - 37,698 - Borrowings 85,000 85,000 - 85,000 - Subordinated debentures 35,323 30,883 - 30,883 - Accrued interest payable 438 438 - 438 - Interest rate derivative contracts 3,790 3,790 - 3,790 - December 31, 2022 Assets Cash and cash equivalents $ 43,943 $ 43,943 $ 43,943 $ - $ - Equity securities at fair value 8,566 8,566 6,024 - 2,542 Securities available for sale 529,749 529,749 78,204 451,545 - Securities held to maturity 425,906 353,901 - 338,583 15,318 Federal Home Loan Bank and Federal Reserve Bank stock 8,581 8,581 - 8,581 - Loans held for sale 4,834 4,979 - 4,979 - Loans to other financial institutions - - - - - Loans, net 1,182,163 1,123,198 - - 1,123,198 Accrued interest receivable 8,949 8,949 - 8,949 - Interest rate lock commitments 28 28 - 28 - Mortgage loan servicing rights 4,322 5,855 - 5,855 - Interest rate derivative contracts 9,204 9,204 - 9,204 - Liabilities Noninterest-bearing deposits 599,579 599,579 599,579 - - Interest-bearing deposits 1,518,424 1,514,294 - 1,514,294 - Borrowings 50,000 50,000 - 50,000 - Subordinated debentures 35,262 30,304 - 30,304 - Accrued interest payable 610 610 - 610 - Interest rate derivative contracts 5,823 5,823 - 5,823 -

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 6 – FAIR VALUE MEASUREMENTS The following tables present information about assets and liabilities measured at fair value on a recurring basis and the valuation techniques used to determine those fair values. In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities that ChoiceOne Bank has the ability to access. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. ChoiceOne Bank’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability. Disclosures concerning assets and liabilities measured at fair value are as follows: Assets and Liabilities Measured at Fair Value on a Recurring Basis Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Balance (Dollars in thousands) Assets Inputs Inputs at Date (Level 1) (Level 2) (Level 3) Indicated Equity Securities Held at Fair Value - March 31, 2023 Equity securities $ 6,062 $ - $ 2,637 $ 8,699 Investment Securities, Available for Sale - March 31, 2023 U.S. Treasury notes and bonds $ 79,975 $ - $ - $ 79,975 State and municipal - 236,498 - 236,498 Mortgage-backed - 206,137 - 206,137 Corporate - 716 - 716 Asset-backed securities - 12,022 - 12,022 Total $ 79,975 $ 455,373 $ - $ 535,348 Derivative Instruments - March 31, 2023 Interest rate derivative contracts - assets $ - $ 2,244 $ - $ 2,244 Interest rate derivative contracts - liabilities $ - $ 3,790 $ - $ 3,790 Equity Securities Held at Fair Value - December 31, 2022 Equity securities $ 6,024 $ - $ 2,542 $ 8,566 Investment Securities, Available for Sale - December 31, 2022 U. S. Government and federal agency $ - $ - $ - $ - U. S. Treasury notes and bonds 78,204 - - 78,204 State and municipal - 229,938 - 229,938 Mortgage-backed - 208,563 - 208,563 Corporate - 711 - 711 Asset-backed securities - 12,333 - 12,333 Total $ 78,204 $ 451,545 $ - $ 529,749 Derivative Instruments - December 31, 2022 Interest rate derivative contracts - assets $ - $ 9,204 $ - $ 9,204 Interest rate derivative contracts - liabilities $ - $ 5,823 $ - $ 5,823 Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis Three Months Ended (Dollars in thousands) March 31, 2023 2022 Equity Securities Held at Fair Value Balance, January 1 $ 2,542 $ 1,768 Total realized and unrealized gains included in noninterest income 25 ( 1 ) Net purchases, sales, calls, and maturities 70 - Net transfers into Level 3 - - Balance, March 31, $ 2,637 $ 1,767 Amount of total losses for the period included in earning attributable to the change in $ 25 $ ( 1 ) Investment Securities, Available for Sale Balance, January 1 $ - $ 21,050 Total unrealized gains included in other comprehensive income - - Net purchases, sales, calls, and maturities - - Net transfers into Level 3 - - Transfer to held to maturity - ( 21,050 ) Balance, March 31, $ - $ - Amount of total losses for the period included in earning attributable to the change in $ - $ - Both observable and unobservable inputs may be used to determine the fair value of positions classified as Level 3 investment securities and liabilities. As a result, the unrealized gains and losses for these assets and liabilities presented in the tables above may include changes in fair value that were attributable to both observable and unobservable inputs. Securities categorized as Level 3 assets as of March 31, 2023 and December 31, 2022 primarily consist of common and preferred equity securities of community banks. ChoiceOne estimates the fair value of these bonds and equity securities based on the present value of expected future cash flows using management’s best estimate of key assumptions, including forecasted interest yield and payment rates, credit quality and a discount rate commensurate with the current market and other risks involved. ChoiceOne also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets are not normally measured at fair value, but can be subject to fair value adjustments in certain circumstances, such as impairment. Disclosures concerning assets measured at fair value on a non-recurring basis are as follows: Assets Measured at Fair Value on a Non-recurring Basis Quoted Prices In Active Significant Markets for Other Significant Balances at Identical Observable Unobservable (Dollars in thousands) Dates Assets Inputs Inputs Indicated (Level 1) (Level 2) (Level 3) Collateral Dependent Loans March 31, 2023 $ 2,151 $ - $ - $ 2,151 December 31, 2022 $ 2,846 $ - $ - $ 2,846 Other Real Estate March 31, 2023 $ 130 $ - $ - $ 130 December 31, 2022 $ - $ - $ - $ - Collateral dependent loans categorized as Level 3 assets consist of non-homogeneous loans that are considered non-accrual or higher risk. ChoiceOne estimates the fair value of the loans based on the present value of expected future cash flows using management’s estimate of key assumptions. These assumptions include future payment ability, timing of payment streams, and estimated realizable values of available collateral (typically based on outside appraisals). The changes in fair value consisted of charge-downs of collateral dependent loans that were posted to the allowance for credit losses and write-downs of other real estate that were posted to a valuation account.

Revenue From Contracts With Cus

Revenue From Contracts With Customers	3 Months Ended
	Mar. 31, 2023
Financial Instruments
Revenue from Contracts with Customers	NOTE 7 – REVENUE FROM CONTRACTS WITH CUSTOMERS ChoiceOne has a variety of sources of revenue, which include interest and fees from customers as well as revenue from non-customers. ASC Topic 606, Revenue from Contracts With Customers, covers certain sources of revenue that are classified within noninterest income in the Consolidated Statements of Income. Sources of revenue that are included in the scope of ASC Topic 606 include service charges and fees on deposit accounts, interchange income, investment asset management income and transaction-based revenue, and other charges and fees for customer services. Service Charges and Fees on Deposit Accounts Revenue includes charges and fees to provide account maintenance, overdraft services, wire transfers, funds transfer, and other deposit-related services. Account maintenance fees such as monthly service charges are recognized over the period of time that the service is provided. Transaction fees such as wire transfer charges are recognized when the service is provided to the customer. Interchange Income Revenue includes debit card interchange and network revenues. This revenue is earned on debit card transactions that are conducted through payment networks such as MasterCard. The revenue is recorded as services are delivered and is presented net of interchange expenses. Investment Commission Income Revenue includes fees from the investment management advisory services and revenue is recognized when services are rendered. Revenue also includes commissions received from the placement of brokerage transactions for purchase or sale of stocks or other investments. Commission income is recognized when the transaction has been completed. Trust Fee Income Revenue includes fees from the management of trust assets and from other related advisory services. Revenue is recognized when services are rendered. Following is noninterest income separated by revenue within the scope of ASC 606 and revenue within the scope of other GAAP topics: Three Months Ended March 31, (Dollars in thousands) 2023 2022 Service charges and fees on deposit accounts $ 1,027 $ 1,031 Interchange income 1,240 1,158 Investment commission income 196 205 Trust fee income 184 178 Other charges and fees for customer services 137 148 Noninterest income from contracts with customers 2,784 2,720 Noninterest income within the scope of other GAAP topics 887 1,125 Total noninterest income $ 3,671 $ 3,845

Derivative and Hedging Activiti

Derivative and Hedging Activities	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative and Hedging Activities	NOTE 8 – DERIVATIVE AND HEDGING ACTIVITIES ChoiceOne is exposed to certain risks relating to its ongoing business operations. ChoiceOne utilizes interest rate derivatives as part of its asset liability management strategy to help manage its interest rate risk position. Derivative instruments represent contracts between parties that result in one party delivering cash to the other party based on a notional amount and an underlying term (such as a rate, security price or price index) as specified in the contract. The amount of cash delivered from one party to the other is determined based on the interaction of the notional amount of the contract with the underlying term. Derivatives are also implicit in certain contracts and commitments. ChoiceOne recognizes derivative financial instruments in the consolidated financial statements at fair value regardless of the purpose or intent for holding the instrument. ChoiceOne records derivative assets and derivative liabilities on the balance sheet within other assets and other liabilities, respectively. Changes in the fair value of derivative financial instruments are either recognized in income or in shareholders’ equity as a component of accumulated other comprehensive income or loss depending on whether the derivative financial instrument qualifies for hedge accounting and, if so, whether it qualifies as a fair value hedge or cash flow hedge. ChoiceOne currently uses interest rate swaps to manage its exposure to certain fixed and variable rate assets and variable rate liabilities. Interest rate swaps ChoiceOne uses interest rate swaps as part of its interest rate risk management strategy to add stability to net interest income and to manage its exposure to interest rate movements. Interest rate swaps designated as hedges involve the receipt of variable-rate amounts from a counterparty in exchange for ChoiceOne making fixed-rate payments or the receipt of fixed-rate amounts from a counterparty in exchange for ChoiceOne making variable rate payments, over the life of the agreements without the exchange of the underlying notional amount. In the second quarter of 2022, ChoiceOne entered i nto two pay-floating/receive-fixed interest rate swaps (the “Pay Floating Swap Agreements”) for a total notional amount of $ 200.0 million that were designated as cash flow hedges. These derivatives hedge the variable cash flows of specifically identified available-for-sale securities, cash and loans. The Pay Floating Swap Agreements were determined to be highly effective during the periods presented and therefore no amount of ineffectiveness has been included in net income. The Pay Floating Swap Agreements pay a coupon rate equal to SOFR while receiving a fixed coupon rate of 2.41 %. In March 2023, ChoiceOne terminated all Pay Floating Swap Agreements for a cash payment of $ 4.2 million. The loss will be amortized into interest income over 13 months, which was the remaining period of the swap agreements. Net cash settlements paid on pay-floating/received-fixed swaps were $ 837,000 as of March 31, 2023, which were included in interest income. In the second quarter of 2022, ChoiceOne entered into one forward starting pay-fixed/receive-floating interest rate swap (the “Pay Fixed Swap Agreement”) for a notional amount of $ 200.0 million that was designated as a cash flow hedge. This derivative hedges the risk of variability in cash flows attributable to forecasted payments on future deposits or floating rate borrowings indexed to the SOFR Rate. The Pay Fixed Swap Agreement is two years forward starting with an eight-year term set to expire in 2032. The Pay Fixed Swap Agreements will pay a fixed coupon rate of 2.75 % while receiving the SOFR Rate. In the fourth quarter of 2022, ChoiceOne entered into four pay-fixed/receive-floating interest rate swaps for a total notional amount of $ 201.0 million that were designated as fair value hedges. These derivatives hedge the risk of changes in fair value of certain available for sale securities for changes in the SOFR benchmark interest rate component of the fixed rate bonds. All four of these hedges were effective immediately on December 22, 2022. Of the total notional value, $ 101.9 million has a ten-year term set to expire in 2032, with the benchmark SOFR interest rate risk component of the fixed rate bonds equal to 3.390 %. Of the total notional value, $ 50.0 million has a nine-year term set to expire in 2031, with the benchmark SOFR interest rate risk component of the fixed rate bonds equal to 3.4015 %. The remaining notional value of $ 49.1 million has a nine-year term set to expire in 2031, with the benchmark SOFR interest rate risk component of the fixed rate bond equal to 3.4030 %. ChoiceOne adopted ASC2022-01, as of December 20, 2022, to use the portfolio layer method. The fair value basis adjustment associated with available-for-sale fixed rate bonds initially results in an adjustment to AOCI. For available-for-sale securities subject to fair value hedge accounting, the changes in the fair value of the fixed rate bonds related to the hedged risk (the benchmark interest rate component and the partial term) are then reclassed from AOCI to current earnings offsetting the fair value measurement change of the interest rate swap, which is also recorded in current earnings. Net cash settlements are received/paid semi-annually, with the first starting in March 2023, and will be included in interest income. Net cash settlements received on these four pay-fixed/receive-floating swaps we re $ 565,000 a s of March 31, 2023, which were included in interest income. The table below presents the fair value of derivative financial instruments as well as the classification within the consolidated statements of financial condition: March 31, 2023 December 31, 2022 (Dollars in thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Other Assets $ 2,244 Other Assets $ 9,204 Interest rate contracts Other Liabilities $ 3,790 Other Liabilities $ 5,823 The table below presents the cumulative basis adjustments on hedged items designated as fair value hedges and the related amortized cost of those items as of the periods presented: Location and Amount of Gain or (Loss) Location and Amount of Gain or (Loss) Recognized in Income on Fair Value and Cash Flow Hedging Relationships Recognized in Income on Fair Value and Cash Flow Hedging Relationships Three months ended March 31, 2023 Three months ended March 31, 2022 Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded $ ( 366 ) $ - $ - $ - Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items $ 6,022 $ - $ - $ - Derivatives designated as hedging instruments $ ( 5,960 ) $ - $ - $ - Amount excluded from effectiveness testing recognized in earnings based on amortization approach $ - $ - $ - $ - Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into income $ ( 156 ) $ - $ - $ - Amount excluded from effectiveness testing recognized in earnings based on amortization approach $ - $ - $ - $ - The table below presents the effect of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods presented: March 31, 2023 Cumulative amount of Fair Value Hedging Adjustment Line Item in the Statement of included in the carrying Financial Position in which the Amortized cost of the amount of the Hedged Hedged Item is included Hedged Assets/(Liabilities) Assets/(Liabilities) Securities available for sale $ 225,127 $ ( 4,091 )

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include ChoiceOne Financial Services, Inc. ("ChoiceOne"), its wholly-owned subsidiary, ChoiceOne Bank, and ChoiceOne Bank’s wholly-owned subsidiary, ChoiceOne Insurance Agencies, Inc. Intercompany transactions and balances have been eliminated in consolidation. ChoiceOne owns all of the common securities of Community Shores Capital Trust I (the “Capital Trust”). Under U.S. generally accepted accounting principles ("GAAP"), the Capital Trust is not consolidated because it is a variable interest entity and ChoiceOne is not the primary beneficiary. The accompanying unaudited consolidated financial statements and notes thereto reflect all adjustments ordinary in nature which are, in the opinion of management, necessary for a fair presentation of such financial statements. Operating results for the three months ended March 31, 2023 , are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 . The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in ChoiceOne’s Annual Report on Form 10-K for the year ended December 31, 2022 .
Use of Estimates	Use of Estimates To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, ChoiceOne’s management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided. These estimates and assumptions are subject to many risks and uncertainties, and actual results may differ from these estimates. Estimates associated with the allowance for credit losses and the unrealized gains and losses on securities available for sale and held to maturity are particularly susceptible to change.
Investment Securities	Investment Securities Investment securities for which ChoiceOne has the intent and ability to hold to maturity are classified as held to maturity and are carried at amortized cost. Investment securities not classified as held to maturity are classified as available for sale and are reported at fair value with unrealized gains and losses, net of income taxes, as a separate component of other comprehensive income. ChoiceOne determines the appropriate classification of investment securities at the time of purchase and reassesses the classification at each reporting date. Additions to securities held to maturity consist mostly of local issue municipals.
Goodwill	Goodwill Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of the acquired tangible assets and liabilities and identifiable intangible assets. Goodwill and intangible assets acquired in a purchase or business combination and determined to have an indefinite useful life are not amortized but tested for impairment at least annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed.
Core Deposit Intangible	Core Deposit Intangible Core deposit intangible represents the value of the acquired customer core deposit bases and is included as an asset on the consolidated balance sheets. The core deposit intangible has an estimated finite life, is amortized on an accelerated basis over a 120 month period and is subject to periodic impairment evaluation.
Stock Transactions	Stock Transactions A total of 3,220 shares of common stock were issued to ChoiceOne’s Board of Directors for a cash price of $ 94,000 under the terms of the Directors’ Stock Purchase Plan in the first quarter of 2023 . A total of 2,431 shares for a cash price of $ 53,000 were issued under the Employee Stock Purchase Plan in the first quarter of 2023 . ChoiceOne's common stock repurchase program announced in April 2021 and amended in 2022, authorizes repurchases of up to 375,388 shares, representing 5 % of the total outstanding shares of common stock as of the date the program was adopted. No shares were repurchased under this program in the first quarter of 2023 .
Reclassifications	Reclassifications Certain amounts presented in prior periods have been reclassified to conform to the current presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Allowance for Credit Losses ("ACL") In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments. This ASU (as subsequently amended by ASU 2018-19) significantly changed how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the current “incurred loss” approach with an “expected loss” model. The new model, referred to as the CECL model, applies to financial assets subject to credit losses and measured at amortized cost, and certain off-balance sheet credit exposures. The standard also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the ACL. In addition, entities need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. A reasonable and supportable economic forecast is a key component of the CECL methodology. ChoiceOne adopted CECL effective January 1, 2023 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with the incurred loss accounting standards. The transition adjustment of the CECL adoption included an increase in the ACL of $ 7.2 million, which included a $ 5.5 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Consolidated Balance Sheet, with the $ 1.5 million tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. The transition adjustment of the CECL adoption included an additional ACL on unfunded commitments of $ 3.3 million, which included a $ 2.6 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Consolidated Balance Sheet, with the $ 688,000 tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. The ACL is a valuation allowance for probable incurred credit losses. The ACL is increased by the provision for credit losses and decreased by loans charged off less any recoveries of charged off loans. As ChoiceOne has had very limited loss experience since 2011, management elected to utilize benchmark peer loss history data to estimate historical loss rates. ChoiceOne worked with a third party advisory firm to identify an appropriate peer group for each loan group which shared similar characteristics. Management estimates the ACL required based on a selected peer group loan loss experience, the nature and volume of the loan portfolio, information about specific borrower situations and estimated collateral values, a reasonable and supportable economic forecast, and other factors. Allocations of the ACL may be made for specific loans, but the entire ACL is available for any loan that, in management’s judgment, should be charged off. Loan losses are charged against the ACL when management believes that collection of a loan balance is not possible. The ACL consists of general and specific components. The general component covers loans collectively evaluated for credit losses and is based on peer historical loss experience adjusted for current and forecasted factors. Management's adjustment for current and forecasted factors is based on trends in delinquencies, trends in charge-offs and recoveries, trends in the volume of loans, changes in underwriting standards, trends in loan review findings, the experience and ability of lending staff, and a reasonable and supportable economic forecast described further below. The discounted cash flow methodology is utilized for all loan pools. This methodology is supported by our CECL software provider and allows management to automatically calculate contractual life by factoring in all cash flows and adjusting them for behavioral and credit-related aspects. Reasonable and supportable economic forecasts have to be incorporated in determining expected credit losses. The forecast period represents the time frame from the current period end through the point in time that we can reasonably forecast and support entity and environmental factors that are expected to impact the performance of our loan portfolio. Ideally, the economic forecast period would encompass the contractual terms of all loans; however, the ability to produce a forecast that is considered reasonable and supportable becomes more difficult or may not be possible in later periods. Subsequent to the end of the forecast period, we revert to historical loan data based on an ongoing evaluation of each economic forecast in relation to then current economic conditions as well as any developing loan loss activity and resulting historical data. As of March 31, 2023, we used a one-year reasonable and supportable economic forecast period, with a two year straight-line reversion period. We are not required to develop and use our own economic forecast model, and elected to utilize economic forecasts from third-party providers that analyze and develop forecasts of the economy for the entire United States at least quarterly. We are also required to consider expected credit losses associated with loan commitments over the contractual period in which we are exposed to credit risk on the underlying commitments unless the obligation is unconditionally cancellable by us. Any allowance for off-balance sheet credit exposures is reported as an other liability on our Consolidated Balance Sheet and is increased or decreased via the provision for credit losses account on our Consolidated Statement of Income. The calculation includes consideration of the likelihood that funding will occur and forecasted credit losses on commitments expected to be funded over their estimated lives. The allowance is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to be funded. . Securities Available for Sale - For securities AFS in an unrealized loss position, management determines whether they intend to sell or if it is more likely than not that ChoiceOne will be required to sell the security before recovery of the amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income with an allowance being established under CECL. For securities AFS with unrealized losses not meeting these criteria, management evaluates whether any decline in fair value is due to credit loss factors. In making this assessment, management considers any changes to the rating of the security by rating agencies and adverse conditions specifically related to the issuer of the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses (“ACL”) is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Changes in the ACL under ASC 326-30 are recorded as provisions for (or reversal of) credit loss expense. Losses are charged against the allowance when the collectability of a debt security AFS is confirmed or when either of the criteria regarding intent or requirement to sell is met. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income, net of income taxes. At March 31, 2023 and at adoption of CECL on January 1, 2023, there was no ACL related to debt securities AFS. Accrued interest receivable on debt securities was excluded from the estimate of credit losses. Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. ChoiceOne has determined that any loans which have been placed on non-performing status, loans with a risk rating of 6 or higher, and loans past due more than 60 days will be assessed for individually evaluation. Management's judgment will be used to determine if the loan should be migrated back to pool on an individual basis. Individual analysis will establish a specific reserve for loans in scope. Specific reserves on non-performing loans are typically based on management’s best estimate of the fair value of collateral securing these loans, adjusted for selling costs as appropriate. Securities Held to Maturity - Since the adoption of CECL, ChoiceOne measures credit losses on HTM securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of HTM securities to present the net amount expected to be collected. HTM securities are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in ChoiceOne’s Consolidated Statements of Income in the provision for credit losses. Accrued interest receivable on HTM securities is excluded from the estimate of credit losses. With regard to US Treasury securities, these have an explicit government guarantee; therefore, no ACL is recorded for these securities. With regard to obligations of states and political subdivisions and other HTM securities, management considers (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financial condition of the issuer, and (4) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. At March 31, 2023 and at adoption of CECL on January 1, 2023, there was no ACL related to securities HTM. Troubled Loan Modifications FASB also issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This standard eliminated the previous accounting guidance for troubled debt restructurings and added additional disclosure requirements for gross chargeoffs by year of origination. It also prescribes guidance for reporting modifications of loans to borrowers experiencing financial difficulty. Investment in Equity Method and Joint Ventures In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Venture (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. The amendments in this ASU permit reporting entities to account for the tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2023. Early adoption is permitted. ChoiceOne is currently evaluating the impact of this standard on the consolidated financial statements.
Allowance for Credit Losses ("ACL")	Allowance for Credit Losses ("ACL") In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments. This ASU (as subsequently amended by ASU 2018-19) significantly changed how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the current “incurred loss” approach with an “expected loss” model. The new model, referred to as the CECL model, applies to financial assets subject to credit losses and measured at amortized cost, and certain off-balance sheet credit exposures. The standard also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the ACL. In addition, entities need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. A reasonable and supportable economic forecast is a key component of the CECL methodology. ChoiceOne adopted CECL effective January 1, 2023 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with the incurred loss accounting standards. The transition adjustment of the CECL adoption included an increase in the ACL of $ 7.2 million, which included a $ 5.5 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Consolidated Balance Sheet, with the $ 1.5 million tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. The transition adjustment of the CECL adoption included an additional ACL on unfunded commitments of $ 3.3 million, which included a $ 2.6 million decrease to the retained earnings account to reflect the cumulative effect of adopting CECL on our Consolidated Balance Sheet, with the $ 688,000 tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. The ACL is a valuation allowance for probable incurred credit losses. The ACL is increased by the provision for credit losses and decreased by loans charged off less any recoveries of charged off loans. As ChoiceOne has had very limited loss experience since 2011, management elected to utilize benchmark peer loss history data to estimate historical loss rates. ChoiceOne worked with a third party advisory firm to identify an appropriate peer group for each loan group which shared similar characteristics. Management estimates the ACL required based on a selected peer group loan loss experience, the nature and volume of the loan portfolio, information about specific borrower situations and estimated collateral values, a reasonable and supportable economic forecast, and other factors. Allocations of the ACL may be made for specific loans, but the entire ACL is available for any loan that, in management’s judgment, should be charged off. Loan losses are charged against the ACL when management believes that collection of a loan balance is not possible. The ACL consists of general and specific components. The general component covers loans collectively evaluated for credit losses and is based on peer historical loss experience adjusted for current and forecasted factors. Management's adjustment for current and forecasted factors is based on trends in delinquencies, trends in charge-offs and recoveries, trends in the volume of loans, changes in underwriting standards, trends in loan review findings, the experience and ability of lending staff, and a reasonable and supportable economic forecast described further below. The discounted cash flow methodology is utilized for all loan pools. This methodology is supported by our CECL software provider and allows management to automatically calculate contractual life by factoring in all cash flows and adjusting them for behavioral and credit-related aspects. Reasonable and supportable economic forecasts have to be incorporated in determining expected credit losses. The forecast period represents the time frame from the current period end through the point in time that we can reasonably forecast and support entity and environmental factors that are expected to impact the performance of our loan portfolio. Ideally, the economic forecast period would encompass the contractual terms of all loans; however, the ability to produce a forecast that is considered reasonable and supportable becomes more difficult or may not be possible in later periods. Subsequent to the end of the forecast period, we revert to historical loan data based on an ongoing evaluation of each economic forecast in relation to then current economic conditions as well as any developing loan loss activity and resulting historical data. As of March 31, 2023, we used a one-year reasonable and supportable economic forecast period, with a two year straight-line reversion period. We are not required to develop and use our own economic forecast model, and elected to utilize economic forecasts from third-party providers that analyze and develop forecasts of the economy for the entire United States at least quarterly. We are also required to consider expected credit losses associated with loan commitments over the contractual period in which we are exposed to credit risk on the underlying commitments unless the obligation is unconditionally cancellable by us. Any allowance for off-balance sheet credit exposures is reported as an other liability on our Consolidated Balance Sheet and is increased or decreased via the provision for credit losses account on our Consolidated Statement of Income. The calculation includes consideration of the likelihood that funding will occur and forecasted credit losses on commitments expected to be funded over their estimated lives. The allowance is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to be funded. . Securities Available for Sale - For securities AFS in an unrealized loss position, management determines whether they intend to sell or if it is more likely than not that ChoiceOne will be required to sell the security before recovery of the amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income with an allowance being established under CECL. For securities AFS with unrealized losses not meeting these criteria, management evaluates whether any decline in fair value is due to credit loss factors. In making this assessment, management considers any changes to the rating of the security by rating agencies and adverse conditions specifically related to the issuer of the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses (“ACL”) is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Changes in the ACL under ASC 326-30 are recorded as provisions for (or reversal of) credit loss expense. Losses are charged against the allowance when the collectability of a debt security AFS is confirmed or when either of the criteria regarding intent or requirement to sell is met. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income, net of income taxes. At March 31, 2023 and at adoption of CECL on January 1, 2023, there was no ACL related to debt securities AFS. Accrued interest receivable on debt securities was excluded from the estimate of credit losses. Loans that do not share risk characteristics are evaluated on an individual basis and are excluded from the collective evaluation. ChoiceOne has determined that any loans which have been placed on non-performing status, loans with a risk rating of 6 or higher, and loans past due more than 60 days will be assessed for individually evaluation. Management's judgment will be used to determine if the loan should be migrated back to pool on an individual basis. Individual analysis will establish a specific reserve for loans in scope. Specific reserves on non-performing loans are typically based on management’s best estimate of the fair value of collateral securing these loans, adjusted for selling costs as appropriate. Securities Held to Maturity - Since the adoption of CECL, ChoiceOne measures credit losses on HTM securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of HTM securities to present the net amount expected to be collected. HTM securities are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in ChoiceOne’s Consolidated Statements of Income in the provision for credit losses. Accrued interest receivable on HTM securities is excluded from the estimate of credit losses. With regard to US Treasury securities, these have an explicit government guarantee; therefore, no ACL is recorded for these securities. With regard to obligations of states and political subdivisions and other HTM securities, management considers (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financial condition of the issuer, and (4) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. At March 31, 2023 and at adoption of CECL on January 1, 2023, there was no ACL related to securities HTM. Troubled Loan Modifications FASB also issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This standard eliminated the previous accounting guidance for troubled debt restructurings and added additional disclosure requirements for gross chargeoffs by year of origination. It also prescribes guidance for reporting modifications of loans to borrowers experiencing financial difficulty.
Investment in Equity Method and Joint Ventures	Investment in Equity Method and Joint Ventures In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Venture (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. The amendments in this ASU permit reporting entities to account for the tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method. This update will be effective for financial statements issued for fiscal years and interim periods beginning after December 15, 2023. Early adoption is permitted. ChoiceOne is currently evaluating the impact of this standard on the consolidated financial statements.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Schedule of Gross Unrealized Gains and (Losses)	The fair value of equity securities and the related gross unrealized gains and (losses) recognized in noninterest income were as follows: March 31, 2023 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value Equity securities $ 9,052 $ 310 $ ( 663 ) $ 8,699 December 31, 2022 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value Equity securities $ 8,982 $ 305 $ ( 721 ) $ 8,566
Schedule of Gross Unrealized Gains and Losses on Investment Securities Available for Sale Recognized in Accumulated Other Comprehensive Income (loss)	The following tables present the amortized cost and fair value of securities available for sale and the gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and the fair value of securities held to maturity and the related gross unrealized gains and losses: March 31, 2023 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Available for Sale: Cost Gains Losses Value U.S. Treasury notes and bonds $ 90,695 $ - $ ( 10,720 ) $ 79,975 State and municipal 281,139 - ( 44,641 ) 236,498 Mortgage-backed 231,577 8 ( 25,448 ) 206,137 Corporate 758 - ( 42 ) 716 Asset-backed securities 12,546 - ( 524 ) 12,022 Total $ 616,715 $ 8 $ ( 81,375 ) $ 535,348 Held to Maturity: U.S. Government and federal agency $ 2,968 $ - $ ( 365 ) $ 2,603 State and municipal 199,267 1 ( 32,688 ) 166,580 Mortgage-backed 199,795 - ( 29,139 ) 170,656 Corporate 19,990 46 ( 2,292 ) 17,744 Asset-backed securities 856 - ( 66 ) 790 Total $ 422,876 $ 47 $ ( 64,550 ) $ 358,373 December 31, 2022 Gross Gross (Dollars in thousands) Amortized Unrealized Unrealized Fair Available for Sale: Cost Gains Losses Value U.S. Treasury notes and bonds $ 90,810 $ - $ ( 12,606 ) $ 78,204 State and municipal 277,489 - ( 47,551 ) 229,938 Mortgage-backed 236,703 - ( 28,140 ) 208,563 Corporate 757 - ( 46 ) 711 Asset-backed securities 13,031 - ( 698 ) 12,333 Total $ 618,790 $ - $ ( 89,041 ) $ 529,749 Held to Maturity: U.S. Government and federal agency $ 2,966 $ - $ ( 421 ) $ 2,545 State and municipal 201,890 1 ( 39,355 ) 162,536 Mortgage-backed 200,473 - ( 29,868 ) 170,605 Corporate 19,603 - ( 2,285 ) 17,318 Asset-backed securities 974 - ( 77 ) 897 Total $ 425,906 $ 1 $ ( 72,006 ) $ 353,901
Schedule of Available for Sale Securities with Unrealize Losses	with unrealized losses as of March 31, 2023 and December 31, 2022, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows: March 31, 2023 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available for Sale: Value Losses Value Losses Value Losses U.S. Treasury notes and bonds $ - $ - $ 79,975 $ 10,720 $ 79,975 $ 10,720 State and municipal 2,481 25 233,517 44,616 235,998 44,641 Mortgage-backed 26,955 1,626 178,182 23,822 205,137 25,448 Corporate 501 7 215 35 716 42 Asset-backed securities - - 12,022 524 12,022 524 Total temporarily impaired $ 29,937 $ 1,658 $ 503,911 $ 79,717 $ 533,848 $ 81,375 December 31, 2022 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available for Sale: Value Losses Value Losses Value Losses U.S. Treasury notes and bonds $ - $ - $ 78,204 $ 12,606 $ 78,204 $ 12,606 State and municipal 89,158 12,612 140,390 34,939 229,548 47,551 Mortgage-backed 63,249 3,093 144,318 25,047 207,567 28,140 Corporate 711 46 - - 711 46 Asset-backed securities - - 12,333 698 12,333 698 Total temporarily impaired $ 153,118 $ 15,751 $ 375,245 $ 73,290 $ 528,363 $ 89,041
Schedule of Held to Maturity Securities with Unrealize Losses	Held to maturity securities with unrealized losses as of March 31, 2023 and December 31, 2022, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows: March 31, 2023 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Held to Maturity: Value Losses Value Losses Value Losses U.S. Government and federal agency $ - $ - $ 2,603 $ 365 $ 2,603 $ 365 State and municipal 1,411 10 164,769 32,678 166,180 32,688 Mortgage-backed 414 24 170,242 29,115 170,656 29,139 Corporate 2,263 171 13,803 2,121 16,066 2,292 Asset-backed securities - - 790 66 790 66 Total temporarily impaired $ 4,088 $ 205 $ 352,207 $ 64,345 $ 356,295 $ 64,550 December 31, 2022 Less than 12 months More than 12 months Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Held to Maturity: Value Losses Value Losses Value Losses U.S. Government and federal agency $ - $ - $ 2,545 $ 421 $ 2,545 $ 421 State and municipal 13,457 1,899 149,016 37,456 162,473 39,355 Mortgage-backed 25,582 822 145,024 29,046 170,606 29,868 Corporate 5,296 603 10,771 1,682 16,067 2,285 Asset-backed securities - - 897 77 897 77 Total temporarily impaired $ 44,335 $ 3,324 $ 308,253 $ 68,682 $ 352,588 $ 72,006
Schedule of Maturities of Securities	Presented below is a schedule of maturities of securities as of March 31, 2023. Available for sale securities are reported at fair value and held to maturity securities are reported at amortized cost. Callable securities in the money are presumed called and matured at the callable date. Available for Sale Securities maturing within: Fair Value Less than 1 Year - 5 Years - More than at March 31, (Dollars in thousands) 1 Year 5 Years 10 Years 10 Years 2023 U.S. Government and federal agency $ - $ - $ - $ - $ - U.S. Treasury notes and bonds - 19,451 60,524 - 79,975 State and municipal 4,261 7,282 99,415 125,540 236,498 Corporate 501 - 215 — 716 Asset-backed securities — 8,767 3,255 — 12,022 Total debt securities 4,762 35,500 163,409 125,540 329,211 Mortgage-backed securities 7,412 76,343 106,925 15,457 206,137 Total Available for Sale $ 12,174 $ 111,843 $ 270,334 $ 140,997 $ 535,348 Held to Maturity Securities maturing within: Amortized Cost Less than 1 Year - 5 Years - More than at March 31, (Dollars in thousands) 1 Year 5 Years 10 Years 10 Years 2023 U.S. Government and federal agency $ — $ — $ 2,968 $ — $ 2,968 State and municipal 2,415 4,998 89,542 102,312 199,267 Corporate — - 18,990 1,000 19,990 Asset-backed securities — 856 — — 856 Total debt securities 2,415 5,854 111,500 103,312 223,081 Mortgage-backed securities 21,951 32,133 145,711 — 199,795 Total Held to Maturity $ 24,366 $ 37,987 $ 257,211 $ 103,312 $ 422,876
Schedule of Unrealized Gains and Losses on Equity Securities	Following is information regarding unrealized gains and losses on equity securities for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Net gains and (losses) recognized during the period $ 63 $ ( 356 ) Less: Net gains and (losses) recognized during the period on securities sold — — Unrealized gains and (losses) recognized during the reporting period on securities still held at the reporting date $ 63 $ ( 356 )

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Loans by Type as Percentage of Portfolio	Loans by type as a percentage of the portfolio were as follows: March 31, 2023 December 31, 2022 (Dollars in thousands) Balance % Balance % Percent Increase (Decrease) Agricultural $ 55,995 4.63 % 64,159 5.39 % ( 12.72 ) % Commercial and Industrial 217,063 17.93 % 210,210 17.67 % 3.26 % Commercial Real Estate 648,202 53.54 % 630,953 53.03 % 2.73 % Consumer 38,891 3.21 % 39,808 3.35 % ( 2.30 ) % Construction Real Estate 13,939 1.15 % 14,736 1.24 % ( 5.41 ) % Residential Real Estate 236,493 19.54 % 229,916 19.32 % 2.86 % Gross Loans $ 1,210,583 $ 1,189,782 Allowance for credit losses 15,065 1.24 % 7,619 0.64 % Net loans $ 1,195,518 $ 1,182,163
Allowance for Credit Losses and Balances in Loan Portfolio	Activity in the allowance for credit losses and balances in the loan portfolio were as follows: Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Credit Losses Three Months Ended March 31, 2023 Beginning balance $ 144 $ 1,361 $ 310 $ 4,822 $ 63 $ 906 $ 13 $ 7,619 Cumulative effect of change in accounting principle 14 1,587 541 3,006 20 2,010 ( 13 ) 7,165 Charge-offs — — ( 140 ) — — — — ( 140 ) Recoveries — 27 69 13 — 3 — 112 Provision ( 23 ) 45 133 ( 4 ) ( 10 ) 168 — 309 Ending balance $ 135 $ 3,020 $ 913 $ 7,837 $ 73 $ 3,087 $ — $ 15,065 Individually evaluated for credit loss $ 1 $ 7 $ 1 $ 1 $ — $ 42 $ — $ 52 Collectively evaluated for credit loss $ 134 $ 3,013 $ 912 $ 7,836 $ 73 $ 3,045 $ — $ 15,013 Loans March 31, 2023 Individually evaluated for credit loss $ 18 $ 180 $ 27 $ 32 $ — $ 1,894 $ 2,151 Collectively evaluated for credit loss 55,977 216,883 38,864 648,170 13,939 234,599 1,208,432 Ending balance $ 55,995 $ 217,063 $ 38,891 $ 648,202 $ 13,939 $ 236,493 $ 1,210,583 Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses Three Months Ended March 31, 2022 Beginning balance $ 448 $ 1,454 $ 290 $ 3,705 $ 110 $ 671 $ 1,010 $ 7,688 Charge-offs — ( 31 ) ( 112 ) - — — — ( 143 ) Recoveries — 2 52 1 — 1 — 56 Provision ( 61 ) 327 74 ( 16 ) ( 73 ) ( 83 ) ( 168 ) — Ending balance $ 387 $ 1,752 $ 304 $ 3,690 $ 37 $ 589 $ 842 $ 7,601 Individually evaluated for impairment $ 253 $ 116 $ 3 $ 9 $ — $ 167 $ — $ 548 Collectively evaluated for impairment $ 134 $ 1,636 $ 301 $ 3,681 $ 37 $ 422 $ 842 $ 7,053 Loans March 31, 2022 Individually evaluated for impairment $ 2,542 $ 356 $ 32 $ 157 $ — $ 1,853 $ 4,940 Collectively evaluated for impairment 59,076 194,024 36,108 527,743 15,669 174,206 1,006,826 Acquired with deteriorated credit quality — 4,534 11 9,352 — 1,743 15,640 Ending balance $ 61,618 $ 198,914 $ 36,151 $ 537,252 $ 15,669 $ 177,802 $ 1,027,406 Commercial (Dollars in thousands) and Commercial Construction Residential Agricultural Industrial Consumer Real Estate Real Estate Real Estate Unallocated Total Allowance for Loan Losses December 31, 2022 Individually evaluated for impairment $ 2 $ 14 $ 1 $ 5 $ — $ 131 $ — $ 153 Collectively evaluated for impairment $ 142 $ 1,347 $ 309 $ 4,817 $ 63 $ 775 $ 13 $ 7,466 Loans December 31, 2022 Individually evaluated for impairment $ 23 $ 177 $ 7 $ 165 $ — $ 2,474 $ 2,846 Collectively evaluated for impairment 64,136 206,074 39,793 622,131 14,736 225,792 1,172,662 Acquired with deteriorated credit quality — 3,959 8 8,657 — 1,650 14,274 Ending balance $ 64,159 $ 210,210 $ 39,808 $ 630,953 $ 14,736 $ 229,916 $ 1,189,782
Schedule of Amortized Cost Basis of Loans	The following table reflects the amortized cost basis of loans as of March 31, 2023 based on year of origination (dollars in thousands): Commercial: 2023 2022 2021 2020 2019 Prior Term Loans Total Revolving Loans Grand Total Agricultural Pass $ 19 $ 19,463 $ 3,285 $ 1,905 $ 7,853 $ 18,052 $ 50,577 $ 5,149 $ 55,726 Special mention - - - - 184 85 269 - 269 Substandard - - - - - - - - - Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 19 $ 19,463 $ 3,285 $ 1,905 $ 8,037 $ 18,137 $ 50,846 $ 5,149 $ 55,995 Current year-to-date gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial and Industrial Pass $ 9,644 $ 49,508 $ 31,241 $ 14,120 $ 16,186 $ 16,174 $ 136,873 $ 79,836 $ 216,709 Special mention - - 38 161 110 38 347 - 347 Substandard - - - - - 7 7 - 7 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 9,644 $ 49,508 $ 31,279 $ 14,281 $ 16,296 $ 16,219 $ 137,227 $ 79,836 $ 217,063 Current year-to-date gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial Real Estate Pass $ 20,489 $ 136,340 $ 129,054 $ 85,247 $ 49,365 $ 158,159 $ 578,654 $ 64,573 $ 643,227 Special mention - - - - - 761 761 - 761 Substandard - - - - - 4,214 4,214 - 4,214 Doubtful - - - - - - - - - Loss - - - - - - - - - Total $ 20,489 $ 136,340 $ 129,054 $ 85,247 $ 49,365 $ 163,134 $ 583,629 $ 64,573 $ 648,202 Retail: 2023 2022 2021 2020 2019 Prior Term Loans Total Revolving Loans Grand Total Consumer Performing $ 2,786 $ 17,480 $ 9,478 $ 4,431 $ 2,094 $ 2,034 $ 38,303 $ 588 $ 38,891 Nonperforming - - - - - - - - - Nonaccrual - - - - - - - - - Total $ 2,786 $ 17,480 $ 9,478 $ 4,431 $ 2,094 $ 2,034 $ 38,303 $ 588 $ 38,891 Current year-to-date gross write-offs $ - $ 12 $ 7 $ 1 $ - $ - $ 20 $ - $ 20 Construction real estate Performing $ - $ 1,599 $ 1,001 $ - $ - $ - $ 2,600 $ 11,339 $ 13,939 Nonperforming - - - - - - - - - Nonaccrual - - - - - - - - - Total $ - $ 1,599 $ 1,001 $ - $ - $ - $ 2,600 $ 11,339 $ 13,939 Current year-to-date gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential real estate Performing $ 9,793 $ 70,595 $ 30,957 $ 18,271 $ 14,386 $ 46,875 $ 190,877 $ 44,020 $ 234,897 Nonperforming - - - - - - - - - Nonaccrual - 420 214 - - 885 1,519 77 1,596 Total $ 9,793 $ 71,015 $ 31,171 $ 18,271 $ 14,386 $ 47,760 $ 192,396 $ 44,097 $ 236,493
Schedule of Information Regarding Credit Exposure	Corporate Credit Exposure - Credit risk profile by credit worthiness category (Dollars in thousands) Agricultural Commercial and Industrial Commercial Real Estate December 31, December 31, December 31, 2022 2022 2022 Pass $ 63,867 $ 209,700 $ 624,555 Special Mention 289 400 2,048 Substandard 3 110 4,350 Doubtful — - — Loss - - - $ 64,159 $ 210,210 $ 630,953 Consumer Credit Exposure - Credit risk profile based on payment activity (Dollars in thousands) Consumer Construction Real Estate Residential Real Estate December 31, December 31, December 31, 2022 2022 2022 Performing $ 39,808 $ 14,736 $ 228,653 Nonperforming — — — Nonaccrual — — 1,263 $ 39,808 $ 14,736 $ 229,916
Summary of Troubled Loan Modification (TLMs)	The following table provides information on loans that were considered troubled loan modification ("TLMs") that were modified during the three months ended March 31, 2023 Three Months Ended March 31, 2023 Term extension % of total class of (Dollars in thousands) Amortized financing Cost basis receivable Residential real estate $ 129 0 % Total 129 Three Months Ended March 31, 2023 Term extension Residential real estate Provided twelve month payment plan to catch up past due amount through our standard program. Three Months Ended March 31, 2023 (Dollars in thousands) Term extension Residential real estate $ 129 Total $ 129 Three Months Ended March 31, 2023 (Dollars in thousands) Current 30-89 days Greater than 90 days Total Residential real estate $ 129 — — — Total $ 129 $ - $ - $ -
Summary of Trouble Debt Restructurings (TDRs)	The following table provides information on loans that were considered troubled debt restructurings ("TDRs") that were modified during the three months ended March 31, 2022 . Three Months Ended March 31, 2022 Pre- Post- Modification Modification Outstanding Outstanding (Dollars in thousands) Number of Recorded Recorded Loans Investment Investment Agricultural 1 $ 258 $ 258 Total 1 $ 258 $ 258
Schedule of Loans for Impairment and Interest Recognized on Impaired Loans	The following schedule provides information regarding average balances of loans evaluated for impairment and interest recognized on March 31, 2022: Interest (Dollars in thousands) Recorded Related Income Investment Allowance Recognized December 31, 2022 With no related allowance recorded Agricultural $ — $ — $ — Commercial and industrial — — — Consumer — — — Construction real estate — — — Commercial real estate — — — Residential real estate 550 — 1 Subtotal 550 — 1 With an allowance recorded Agricultural 23 2 2 Commercial and industrial 177 14 13 Consumer 7 1 1 Construction real estate — — — Commercial real estate 165 5 13 Residential real estate 1,924 131 93 Subtotal 2,296 153 122 Total Agricultural 23 2 2 Commercial and industrial 177 14 13 Consumer 7 1 1 Construction real estate — — — Commercial real estate 165 5 13 Residential real estate 2,474 131 94 Total $ 2,846 $ 153 $ 123 Interest (Dollars in thousands) Recorded Related Income Investment Allowance Recognized March 31, 2022 With no related allowance recorded Agricultural $ 314 $ — $ — Commercial and industrial 92 — 1 Consumer — — — Construction real estate — — — Commercial real estate — — — Residential real estate - — — Subtotal 406 — 1 With an allowance recorded Agricultural 2,228 253 42 Commercial and industrial 264 116 2 Consumer 32 3 — Construction real estate — — — Commercial real estate 157 8 3 Residential real estate 1,853 167 17 Subtotal 4,534 547 64 Total Agricultural 2,542 253 42 Commercial and industrial 356 116 3 Consumer 32 3 — Construction real estate — — — Commercial real estate 157 8 3 Residential real estate 1,853 167 17 Total $ 4,940 $ 547 $ 65
Aging Analysis of Loans by Loan Category	An aging analysis of loans by loan category follows: Loans Loans Loans Loans Past Due 90 Days Past Due Past Due Greater Past (Dollars in thousands) 30 to 59 60 to 89 Than 90 Loans Not Total Due and Days (1) Days (1) Days (1) Total (1) Past Due Loans Accruing March 31, 2023 Agricultural $ — $ — $ — $ — $ 55,995 $ 55,995 $ — Commercial and industrial 174 — — 174 216,889 217,063 — Consumer 3 27 — 30 38,861 38,891 — Commercial real estate — — — — 648,202 648,202 — Construction real estate 267 — — 267 13,672 13,939 — Residential real estate 2,416 290 153 2,859 233,634 236,493 $ 2,860 $ 317 $ 153 $ 3,330 $ 1,207,253 $ 1,210,583 $ — December 31, 2022 Agricultural $ — $ — $ — $ — $ 64,159 $ 64,159 $ — Commercial and industrial — 171 — 171 210,039 210,210 — Consumer 39 7 — 46 39,762 39,808 — Commercial real estate — — — — 630,953 630,953 — Construction real estate — — — — 14,736 14,736 — Residential real estate 682 — 842 1,524 228,392 229,916 — $ 721 $ 178 $ 842 $ 1,741 $ 1,188,041 $ 1,189,782 $ — (1) Includes nonaccrual loans.
Nonaccrual Loans by Loan Category	Nonaccrual loans by loan category as of March 31, 2023 were as follows: (Dollars in thousands) Nonaccrual loans with no ACL Total nonaccrual loans Interest income recognized during the period on nonaccrual loans Residential real estate $ 1,432 $ 1,596 $ — Total nonaccrual loans $ 1,432 $ 1,596 $ — Nonaccrual loans by loan category as of December 31, 2022 were as follows: (Dollars in thousands) Total nonaccrual loans Residential real estate $ 1,263 $ 1,263
Acquired Loan Portfolio and Acquisition Fair Value Adjustments	The table below presents a roll forward of the accretable yield on the County Bank Corp. acquired loan portfolio for the years ended December 31, 2022 and the three months ended March 31, 2023 (dollars in thousands): (Dollars in thousands) Purchased with credit deterioration Purchased without credit deterioration Acquired Total Balance January 1, 2022 288 1,176 1,464 Transfer from non-accretable to accretable yield 2,192 — 2,192 Accretion January 1, 2022 through December 31, 2022 ( 553 ) ( 98 ) ( 651 ) Balance January 1, 2023 1,927 1,078 3,005 Transfer from non-accretable to accretable yield - Accretion January 1, 2023 through March 31, 2023 ( 133 ) ( 135 ) ( 268 ) Balance, March 31, 2023 $ 1,794 $ 943 $ 2,737 The table below presents a roll forward of the accretable yield on Community Shores Bank Corporation acquired loan portfolio for the years ended December 31, 2022 and the three months ended March 31, 2023 (dollars in thousands): Purchased with credit deterioration Purchased without credit deterioration Acquired Total Balance January 1, 2022 522 197 719 Transfer from non-accretable to accretable yield 1,086 — 1,086 Accretion January 1, 2022 through December 31, 2022 ( 993 ) ( 197 ) ( 1,190 ) Balance January 1, 2023 615 - 615 Transfer from non-accretable to accretable yield 622 622 Accretion January 1, 2023 through March 31, 2023 ( 203 ) ( 203 ) Balance, March 31, 2023 $ 1,034 $ - $ 1,034

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Basic Earnings Per Share and Diluted Earnings Per Share	Three Months Ended (Dollars in thousands, except share data) March 31, 2023 2022 Basic Net income $ 5,633 $ 5,528 Weighted average common shares outstanding 7,519,282 7,495,464 Basic earnings per common shares $ 0.75 $ 0.74 Diluted Net income $ 5,633 $ 5,528 Weighted average common shares outstanding 7,519,282 7,495,464 Plus dilutive stock options and restricted stock units 33,047 21,461 Weighted average common shares outstanding and potentially dilutive shares 7,552,329 7,516,925 Diluted earnings per common share $ 0.75 $ 0.74

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Summary of Financial Instruments	Financial instruments as of the dates indicated were as follows: Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable (Dollars in thousands) Carrying Estimated Assets Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) March 31, 2023 Assets Cash and cash equivalents $ 55,189 $ 55,189 $ 55,189 $ - $ - Equity securities at fair value 8,699 8,699 6,062 - 2,637 Securities available for sale 535,348 535,348 79,975 455,373 - Securities held to maturity 422,876 358,373 - 342,946 15,427 Federal Home Loan Bank and Federal Reserve Bank stock 10,259 10,259 - 10,259 - Loans held for sale 3,603 3,711 - 3,711 - Loans to other financial institutions - - - - - Loans, net 1,195,518 1,151,264 - - 1,151,264 Accrued interest receivable 9,652 9,652 - 9,652 - Interest rate lock commitments 87 87 - 87 - Mortgage loan servicing rights 4,165 5,623 - 5,623 - Interest rate derivative contracts 2,244 2,244 - 2,244 - Liabilities Noninterest-bearing deposits 554,699 554,699 554,699 - - Interest-bearing deposits 1,513,429 1,510,549 - 1,510,549 - Brokered deposits 37,773 37,698 - 37,698 - Borrowings 85,000 85,000 - 85,000 - Subordinated debentures 35,323 30,883 - 30,883 - Accrued interest payable 438 438 - 438 - Interest rate derivative contracts 3,790 3,790 - 3,790 - December 31, 2022 Assets Cash and cash equivalents $ 43,943 $ 43,943 $ 43,943 $ - $ - Equity securities at fair value 8,566 8,566 6,024 - 2,542 Securities available for sale 529,749 529,749 78,204 451,545 - Securities held to maturity 425,906 353,901 - 338,583 15,318 Federal Home Loan Bank and Federal Reserve Bank stock 8,581 8,581 - 8,581 - Loans held for sale 4,834 4,979 - 4,979 - Loans to other financial institutions - - - - - Loans, net 1,182,163 1,123,198 - - 1,123,198 Accrued interest receivable 8,949 8,949 - 8,949 - Interest rate lock commitments 28 28 - 28 - Mortgage loan servicing rights 4,322 5,855 - 5,855 - Interest rate derivative contracts 9,204 9,204 - 9,204 - Liabilities Noninterest-bearing deposits 599,579 599,579 599,579 - - Interest-bearing deposits 1,518,424 1,514,294 - 1,514,294 - Borrowings 50,000 50,000 - 50,000 - Subordinated debentures 35,262 30,304 - 30,304 - Accrued interest payable 610 610 - 610 - Interest rate derivative contracts 5,823 5,823 - 5,823 -

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Balance (Dollars in thousands) Assets Inputs Inputs at Date (Level 1) (Level 2) (Level 3) Indicated Equity Securities Held at Fair Value - March 31, 2023 Equity securities $ 6,062 $ - $ 2,637 $ 8,699 Investment Securities, Available for Sale - March 31, 2023 U.S. Treasury notes and bonds $ 79,975 $ - $ - $ 79,975 State and municipal - 236,498 - 236,498 Mortgage-backed - 206,137 - 206,137 Corporate - 716 - 716 Asset-backed securities - 12,022 - 12,022 Total $ 79,975 $ 455,373 $ - $ 535,348 Derivative Instruments - March 31, 2023 Interest rate derivative contracts - assets $ - $ 2,244 $ - $ 2,244 Interest rate derivative contracts - liabilities $ - $ 3,790 $ - $ 3,790 Equity Securities Held at Fair Value - December 31, 2022 Equity securities $ 6,024 $ - $ 2,542 $ 8,566 Investment Securities, Available for Sale - December 31, 2022 U. S. Government and federal agency $ - $ - $ - $ - U. S. Treasury notes and bonds 78,204 - - 78,204 State and municipal - 229,938 - 229,938 Mortgage-backed - 208,563 - 208,563 Corporate - 711 - 711 Asset-backed securities - 12,333 - 12,333 Total $ 78,204 $ 451,545 $ - $ 529,749 Derivative Instruments - December 31, 2022 Interest rate derivative contracts - assets $ - $ 9,204 $ - $ 9,204 Interest rate derivative contracts - liabilities $ - $ 5,823 $ - $ 5,823
Schedule of Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis	Three Months Ended (Dollars in thousands) March 31, 2023 2022 Equity Securities Held at Fair Value Balance, January 1 $ 2,542 $ 1,768 Total realized and unrealized gains included in noninterest income 25 ( 1 ) Net purchases, sales, calls, and maturities 70 - Net transfers into Level 3 - - Balance, March 31, $ 2,637 $ 1,767 Amount of total losses for the period included in earning attributable to the change in $ 25 $ ( 1 ) Investment Securities, Available for Sale Balance, January 1 $ - $ 21,050 Total unrealized gains included in other comprehensive income - - Net purchases, sales, calls, and maturities - - Net transfers into Level 3 - - Transfer to held to maturity - ( 21,050 ) Balance, March 31, $ - $ - Amount of total losses for the period included in earning attributable to the change in $ - $ -
Schedule of Assets Measured at Fair Value on a Non-recurring Basis	Quoted Prices In Active Significant Markets for Other Significant Balances at Identical Observable Unobservable (Dollars in thousands) Dates Assets Inputs Inputs Indicated (Level 1) (Level 2) (Level 3) Collateral Dependent Loans March 31, 2023 $ 2,151 $ - $ - $ 2,151 December 31, 2022 $ 2,846 $ - $ - $ 2,846 Other Real Estate March 31, 2023 $ 130 $ - $ - $ 130 December 31, 2022 $ - $ - $ - $ -

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Noninterest Income Separated by Revenue	Three Months Ended March 31, (Dollars in thousands) 2023 2022 Service charges and fees on deposit accounts $ 1,027 $ 1,031 Interchange income 1,240 1,158 Investment commission income 196 205 Trust fee income 184 178 Other charges and fees for customer services 137 148 Noninterest income from contracts with customers 2,784 2,720 Noninterest income within the scope of other GAAP topics 887 1,125 Total noninterest income $ 3,671 $ 3,845

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Instruments in Balance Sheet Location	The table below presents the fair value of derivative financial instruments as well as the classification within the consolidated statements of financial condition: March 31, 2023 December 31, 2022 (Dollars in thousands) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Other Assets $ 2,244 Other Assets $ 9,204 Interest rate contracts Other Liabilities $ 3,790 Other Liabilities $ 5,823
Location and Amount of Gain (Loss) in Income on Fair Value and Cash Flow Hedging Relationships	The table below presents the cumulative basis adjustments on hedged items designated as fair value hedges and the related amortized cost of those items as of the periods presented: Location and Amount of Gain or (Loss) Location and Amount of Gain or (Loss) Recognized in Income on Fair Value and Cash Flow Hedging Relationships Recognized in Income on Fair Value and Cash Flow Hedging Relationships Three months ended March 31, 2023 Three months ended March 31, 2022 Interest Income Interest Expense Interest Income Interest Expense Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded $ ( 366 ) $ - $ - $ - Gain or (loss) on fair value hedging relationships: Interest rate contracts: Hedged items $ 6,022 $ - $ - $ - Derivatives designated as hedging instruments $ ( 5,960 ) $ - $ - $ - Amount excluded from effectiveness testing recognized in earnings based on amortization approach $ - $ - $ - $ - Gain or (loss) on cash flow hedging relationships: Interest rate contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into income $ ( 156 ) $ - $ - $ - Amount excluded from effectiveness testing recognized in earnings based on amortization approach $ - $ - $ - $ -
Schedule of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Operations	The table below presents the effect of fair value and cash flow hedge accounting on the consolidated statements of operations for the periods presented: March 31, 2023 Cumulative amount of Fair Value Hedging Adjustment Line Item in the Statement of included in the carrying Financial Position in which the Amortized cost of the amount of the Hedged Hedged Item is included Hedged Assets/(Liabilities) Assets/(Liabilities) Securities available for sale $ 225,127 $ ( 4,091 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jan. 01, 2023	Apr. 30, 2021
Significant Accounting Policies [Line Items]
Stock issued during period, value, new issues	$ 147,000	$ 133,000
Stock repurchased during period, shares (in shares)	0
Stock repurchased during period, value		$ 682,000
Stock repurchase program, number of shares authorized to be repurchased (in shares)				375,388
Stock repurchase program, percent of stock outstanding				5%
Allowance for credit loss	$ 0		$ 7,200,000
Additional allowance for credit loss on unfunded commitments			3,300,000
Number of days individually evaluation	60 days
Other Assets [Member]
Significant Accounting Policies [Line Items]
Allowance for credit loss			1,500,000
Additional allowance for credit loss on unfunded commitments			688,000
Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Allowance for credit loss			5,500,000
Additional allowance for credit loss on unfunded commitments			$ 2,600,000
Directors' Stock Purchase Plan [Member]
Significant Accounting Policies [Line Items]
Stock issued during period, shares, new issues (in shares)	3,220
Stock issued during period, value, new issues	$ 94,000
Employee Stock Purchase Plan [Member]
Significant Accounting Policies [Line Items]
Stock issued during period, shares, new issues (in shares)	2,431
Stock issued during period, value, new issues	$ 53,000

Securities - Additional Informa

Securities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023 USD ($) Securities	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($) Securities
Debt and Equity Securities, FV-NI [Line Items]
Debt securities held-to-maturity fair value	$ 358,373,000		$ 353,901,000
Allowance for credit loss	0	$ 7,200,000
Other-than-temporary Impairment Loss, Debt Securities, Available-for-Sale	$ 0
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions | Securities	604		611
US Treasury Securities [Member] | AA or Better [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	100%
US States and Political Subdivisions Debt Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt securities held-to-maturity fair value	$ 166,580,000		$ 162,536,000
US States and Political Subdivisions Debt Securities [Member] | A Rated [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	11%
US States and Political Subdivisions Debt Securities [Member] | AA or Better [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	86%
US States and Political Subdivisions Debt Securities [Member] | Unrated [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	3%
Collateralized Mortgage-Backed Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt securities held-to-maturity fair value	$ 170,656,000		$ 170,605,000
Collateralized Mortgage-Backed Securities [Member] | AA [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	38%
Collateralized Mortgage-Backed Securities [Member] | AAA [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	46%
Collateralized Mortgage-Backed Securities [Member] | Unrated [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt Securities, Percent	16%
Reclassified From Available-for-sale Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Debt securities held-to-maturity fair value	$ 428,400,000
OCI, debt securities, available-for-sale,transfer to held-to-maturity, adjustment from AOCI for amortization of gain (loss), after tax	(2,700,000)
OCI, debt securities, available-for-sale, transfer to held-to-maturity, adjustment from AOCI unamortized, after tax	$ 2,400,000

Securities - Fair Value of Equi

Securities - Fair Value of Equity Securities and Related Gross Unrealized Gains (Losses) Recognized in Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Amortized Cost	$ 9,052	$ 8,982
Gross Unrealized Gains	310	305
Gross Unrealized Losses	(663)	(721)
Fair Value	$ 8,699	$ 8,566

Securities - Fair Value of Debt

Securities - Fair Value of Debt Security, Available-for-sale and Held-to-maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, available for sale	$ 616,715	$ 618,790
Gross unrealized gains, available for sale	8	0
Gross unrealized losses, available for sale	(81,375)	(89,041)
Fair value, available for sale	535,348	529,749
Amortized cost, held to maturity	422,876	425,906
Gross unrealized gains, held to maturity	47	1
Gross unrealized losses, held to maturity	(64,550)	(72,006)
Fair value, held to maturity	358,373	353,901
U.S. Treasury Notes and Bonds [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, available for sale	90,695	90,810
Gross unrealized gains, available for sale	0	0
Gross unrealized losses, available for sale	(10,720)	(12,606)
Fair value, available for sale	79,975	78,204
U.S. Government and Federal Agency [Member]
Debt and Equity Securities, FV-NI [Line Items]
Fair value, available for sale	0
Amortized cost, held to maturity	2,968	2,966
Gross unrealized gains, held to maturity	0	0
Gross unrealized losses, held to maturity	(365)	(421)
Fair value, held to maturity	2,603	2,545
State and Municipal [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, available for sale	281,139	277,489
Gross unrealized gains, available for sale	0	0
Gross unrealized losses, available for sale	(44,641)	(47,551)
Fair value, available for sale	236,498	229,938
Amortized cost, held to maturity	199,267	201,890
Gross unrealized gains, held to maturity	1	1
Gross unrealized losses, held to maturity	(32,688)	(39,355)
Fair value, held to maturity	166,580	162,536
Mortgage-backed [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, available for sale	231,577	236,703
Gross unrealized gains, available for sale	8	0
Gross unrealized losses, available for sale	(25,448)	(28,140)
Fair value, available for sale	206,137	208,563
Amortized cost, held to maturity	199,795	200,473
Gross unrealized gains, held to maturity	0	0
Gross unrealized losses, held to maturity	(29,139)	(29,868)
Fair value, held to maturity	170,656	170,605
Corporate [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, available for sale	758	757
Gross unrealized gains, available for sale	0	0
Gross unrealized losses, available for sale	(42)	(46)
Fair value, available for sale	716	711
Amortized cost, held to maturity	19,990	19,603
Gross unrealized gains, held to maturity	46	0
Gross unrealized losses, held to maturity	(2,292)	(2,285)
Fair value, held to maturity	17,744	17,318
Asset-backed Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Amortized cost, available for sale	12,546	13,031
Gross unrealized gains, available for sale	0	0
Gross unrealized losses, available for sale	(524)	(698)
Fair value, available for sale	12,022	12,333
Amortized cost, held to maturity	856	974
Gross unrealized gains, held to maturity	0	0
Gross unrealized losses, held to maturity	(66)	(77)
Fair value, held to maturity	$ 790	$ 897

Securities - Securities with Un

Securities - Securities with Unrealized Losses Aggregated by Investment Category and Time with Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	$ 29,937	$ 153,118
Less than 12 months, unrealized losses	1,658	15,751
More than 12 months, fair value	503,911	375,245
More than 12 months, unrealized losses	79,717	73,290
Total, fair value	533,848	528,363
Total, unrealized losses	81,375	89,041
U.S. Treasury Notes and Bonds [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
More than 12 months, fair value	79,975	78,204
More than 12 months, unrealized losses	10,720	12,606
Total, fair value	79,975	78,204
Total, unrealized losses	10,720	12,606
State and Municipal [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	2,481	89,158
Less than 12 months, unrealized losses	25	12,612
More than 12 months, fair value	233,517	140,390
More than 12 months, unrealized losses	44,616	34,939
Total, fair value	235,998	229,548
Total, unrealized losses	44,641	47,551
Mortgage-backed [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	26,955	63,249
Less than 12 months, unrealized losses	1,626	3,093
More than 12 months, fair value	178,182	144,318
More than 12 months, unrealized losses	23,822	25,047
Total, fair value	205,137	207,567
Total, unrealized losses	25,448	28,140
Corporate [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	501	711
Less than 12 months, unrealized losses	7	46
More than 12 months, fair value	215	0
More than 12 months, unrealized losses	35	0
Total, fair value	716	711
Total, unrealized losses	42	46
Asset-backed Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
More than 12 months, fair value	12,022	12,333
More than 12 months, unrealized losses	524	698
Total, fair value	12,022	12,333
Total, unrealized losses	$ 524	$ 698

Securities - Fair Value of Secu

Securities - Fair Value of Securities Available for Sale and The Related Unrealized Gains and Losses Recognized in Accumulated Comprehensive Income (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	$ 4,088	$ 44,335
Less than 12 months, unrealized losses	205	3,324
Fair value, more than 12 months	352,207	308,253
Unrealized loss, more than 12 months	64,345	68,682
Fair value	356,295	352,588
Unrealized losses	64,550	72,006
U.S. Government and federal agency [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
Fair value, more than 12 months	2,603	2,545
Unrealized loss, more than 12 months	365	421
Fair value	2,603	2,545
Unrealized losses	365	421
State and Municipal [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	1,411	13,457
Less than 12 months, unrealized losses	10	1,899
Fair value, more than 12 months	164,769	149,016
Unrealized loss, more than 12 months	32,678	37,456
Fair value	166,180	162,473
Unrealized losses	32,688	39,355
Mortgage-backed [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	414	25,582
Less than 12 months, unrealized losses	24	822
Fair value, more than 12 months	170,242	145,024
Unrealized loss, more than 12 months	29,115	29,046
Fair value	170,656	170,606
Unrealized losses	29,139	29,868
Corporate [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	2,263	5,296
Less than 12 months, unrealized losses	171	603
Fair value, more than 12 months	13,803	10,771
Unrealized loss, more than 12 months	2,121	1,682
Fair value	16,066	16,067
Unrealized losses	2,292	2,285
Asset-backed Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
Fair value, more than 12 months	790	897
Unrealized loss, more than 12 months	66	77
Fair value	790	897
Unrealized losses	$ 66	$ 77

Securities - Schedule of Maturi

Securities - Schedule of Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	$ 12,174
1 Year - 5 Years	111,843
5 Years - 10 Years	270,334
More than 10 Years	140,997
Fair value, available for sale	535,348	$ 529,749
Total Available for Sale	535,348
Held to Maturity Securities maturing within Less than 1 Year	24,366
Held to Maturity Securities maturing within 1 Year -5 Years	37,987
Held to Maturity Securities maturing within 5 Years -10 Years	257,211
Held to Maturity Securities maturing within More than10 Years	103,312
Held to Maturity Securities maturing within amortized cost	422,876
U.S. Government and Federal Agency [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	0
1 Year - 5 Years	0
5 Years - 10 Years	0
More than 10 Years	0
Fair value, available for sale	0
Held to Maturity Securities maturing within Less than 1 Year	0
Held to Maturity Securities maturing within 1 Year -5 Years	0
Held to Maturity Securities maturing within 5 Years -10 Years	2,968
Held to Maturity Securities maturing within More than10 Years	0
Held to Maturity Securities maturing within amortized cost	2,968
U.S. Treasury Notes and Bonds [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	0
1 Year - 5 Years	19,451
5 Years - 10 Years	60,524
More than 10 Years	0
Fair value, available for sale	79,975	78,204
State and Municipal [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	4,261
1 Year - 5 Years	7,282
5 Years - 10 Years	99,415
More than 10 Years	125,540
Fair value, available for sale	236,498	229,938
Held to Maturity Securities maturing within Less than 1 Year	2,415
Held to Maturity Securities maturing within 1 Year -5 Years	4,998
Held to Maturity Securities maturing within 5 Years -10 Years	89,542
Held to Maturity Securities maturing within More than10 Years	102,312
Held to Maturity Securities maturing within amortized cost	199,267
Corporate [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	501
1 Year - 5 Years	0
5 Years - 10 Years	215
More than 10 Years	0
Fair value, available for sale	716	711
Held to Maturity Securities maturing within Less than 1 Year	0
Held to Maturity Securities maturing within 1 Year -5 Years	0
Held to Maturity Securities maturing within 5 Years -10 Years	18,990
Held to Maturity Securities maturing within More than10 Years	1,000
Held to Maturity Securities maturing within amortized cost	19,990
Asset-backed Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	0
1 Year - 5 Years	8,767
5 Years - 10 Years	3,255
More than 10 Years	0
Fair value, available for sale	12,022	12,333
Held to Maturity Securities maturing within Less than 1 Year	0
Held to Maturity Securities maturing within 1 Year -5 Years	856
Held to Maturity Securities maturing within 5 Years -10 Years	0
Held to Maturity Securities maturing within More than10 Years	0
Held to Maturity Securities maturing within amortized cost	856
Total debt securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	4,762
1 Year - 5 Years	35,500
5 Years - 10 Years	163,409
More than 10 Years	125,540
Fair value, available for sale	329,211
Held to Maturity Securities maturing within Less than 1 Year	2,415
Held to Maturity Securities maturing within 1 Year -5 Years	5,854
Held to Maturity Securities maturing within 5 Years -10 Years	111,500
Held to Maturity Securities maturing within More than10 Years	103,312
Held to Maturity Securities maturing within amortized cost	223,081
Mortgage-backed [Member]
Debt and Equity Securities, FV-NI [Line Items]
Less than 1 Year	7,412
1 Year - 5 Years	76,343
5 Years - 10 Years	106,925
More than 10 Years	15,457
Fair value, available for sale	206,137	$ 208,563
Held to Maturity Securities maturing within Less than 1 Year	21,951
Held to Maturity Securities maturing within 1 Year -5 Years	32,133
Held to Maturity Securities maturing within 5 Years -10 Years	145,711
Held to Maturity Securities maturing within More than10 Years	0
Held to Maturity Securities maturing within amortized cost	$ 199,795

Securities - Unrealized Gains a

Securities - Unrealized Gains and Losses on Equity Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]
Net gains and (losses) recognized during the period	$ 63	$ (356)
Less: Net gains and (losses) recognized during the period on securities sold	0	0
Unrealized gains and (losses) recognized during the reporting period on securities still held at the reporting date	$ 63	$ (356)

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($) Interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modifications, Number of Contracts | Interest		1
Provision for credit losses on loans | $	$ 309,000	$ 0
Core loans grew organically during period | $	$ 20,800,000
Past Due 30 Days or More [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Modifications, Number of Contracts | Interest		0

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Loans by Type as Percentage of Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 1,210,583	$ 1,189,782
Allowance for loan losses (Note 3)	$ 15,065	$ 7,619	$ 7,601	$ 7,688
Percentage of allowance for credit losses	1.24%	0.64%
Loans, net	$ 1,195,518	$ 1,182,163
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 55,995	$ 64,159
Percentage of loans	4.63%	5.39%
Percentage of increase decrease of loans	(12.72%)
Allowance for loan losses (Note 3)	$ 135	$ 144	387	448
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 217,063	$ 210,210
Percentage of loans	17.93%	17.67%
Percentage of increase decrease of loans	3.26%
Allowance for loan losses (Note 3)	$ 3,020	$ 1,361	1,752	1,454
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 648,202	$ 630,953
Percentage of loans	53.54%	53.03%
Percentage of increase decrease of loans	2.73%
Allowance for loan losses (Note 3)	$ 7,837	$ 4,822	3,690	3,705
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 38,891	$ 39,808
Percentage of loans	3.21%	3.35%
Percentage of increase decrease of loans	2.30%
Allowance for loan losses (Note 3)	$ 913	$ 310	304	290
Construction Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 13,939	$ 14,736
Percentage of loans	1.15%	1.24%
Percentage of increase decrease of loans	(5.41%)
Allowance for loan losses (Note 3)	$ 73	$ 63	37	110
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans (Note 3)	$ 236,493	$ 229,916
Percentage of loans	19.54%	19.32%
Percentage of increase decrease of loans	2.86%
Allowance for loan losses (Note 3)	$ 3,087	$ 906	$ 589	$ 671

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Allowance for Credit Losses and Balances in Loan Portfolio (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 7,619,000	$ 7,688,000
Charge-offs	(140,000)	(143,000)
Recoveries	112,000	56,000
Provision	309,000	0
Ending balance	15,065,000	7,601,000
Individually evaluated for impairment		548,000	$ 153,000
Collectively evaluated for impairment		7,053,000	7,466,000
Individually evaluated for credit loss	52,000
Collectively evaluated for credit loss	15,013,000
Individually evaluated for impairment		4,940,000	2,846,000
Collectively evaluated for impairment		1,006,826,000	1,172,662,000
Individually evaluated for credit loss	2,151,000
Collectively evaluated for credit loss	1,208,432,000
Acquired with deteriorated credit quality		15,640,000	14,274,000
Loans	1,210,583,000	1,027,406,000	1,189,782,000
Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	7,165,000
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	144,000	448,000
Charge-offs	0	0
Recoveries	0	0
Provision	(23,000)	(61,000)
Ending balance	135,000	387,000
Individually evaluated for impairment		253,000	2,000
Collectively evaluated for impairment		134,000	142,000
Individually evaluated for credit loss	1,000
Collectively evaluated for credit loss	134,000
Individually evaluated for impairment		2,542,000	23,000
Collectively evaluated for impairment		59,076,000	64,136,000
Individually evaluated for credit loss	18,000
Collectively evaluated for credit loss	55,977,000
Acquired with deteriorated credit quality		0	0
Loans	55,995,000	61,618,000	64,159,000
Agricultural [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	14,000
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,361,000	1,454,000
Charge-offs	0	(31,000)
Recoveries	27,000	2,000
Provision	45,000	327,000
Ending balance	3,020,000	1,752,000
Individually evaluated for impairment		116,000	14,000
Collectively evaluated for impairment		1,636,000	1,347,000
Individually evaluated for credit loss	7,000
Collectively evaluated for credit loss	3,013,000
Individually evaluated for impairment		356,000	177,000
Collectively evaluated for impairment		194,024,000	206,074,000
Individually evaluated for credit loss	180,000
Collectively evaluated for credit loss	216,883,000
Acquired with deteriorated credit quality		4,534,000	3,959,000
Loans	217,063,000	198,914,000	210,210,000
Commercial and Industrial [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,587,000
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	310,000	290,000
Charge-offs	(140,000)	(112,000)
Recoveries	69,000	52,000
Provision	133,000	74,000
Ending balance	913,000	304,000
Individually evaluated for impairment		3,000	1,000
Collectively evaluated for impairment		301,000	309,000
Individually evaluated for credit loss	1,000
Collectively evaluated for credit loss	912,000
Individually evaluated for impairment		32,000	7,000
Collectively evaluated for impairment		36,108,000	39,793,000
Individually evaluated for credit loss	27,000
Collectively evaluated for credit loss	38,864,000
Acquired with deteriorated credit quality		11,000	8,000
Loans	38,891,000	36,151,000	39,808,000
Consumer Portfolio Segment [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	541,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	4,822,000	3,705,000
Charge-offs	0	0
Recoveries	13,000	1,000
Provision	(4,000)	(16,000)
Ending balance	7,837,000	3,690,000
Individually evaluated for impairment		9,000	5,000
Collectively evaluated for impairment		3,681,000	4,817,000
Individually evaluated for credit loss	1,000
Collectively evaluated for credit loss	7,836,000
Individually evaluated for impairment		157,000	165,000
Collectively evaluated for impairment		527,743,000	622,131,000
Individually evaluated for credit loss	32,000
Collectively evaluated for credit loss	648,170,000
Acquired with deteriorated credit quality		9,352,000	8,657,000
Loans	648,202,000	537,252,000	630,953,000
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	3,006,000
Construction Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	63,000	110,000
Charge-offs	0	0
Recoveries	0	0
Provision	(10,000)	(73,000)
Ending balance	73,000	37,000
Individually evaluated for impairment		0	0
Collectively evaluated for impairment		37,000	63,000
Individually evaluated for credit loss	0
Collectively evaluated for credit loss	73,000
Individually evaluated for impairment		0	0
Collectively evaluated for impairment		15,669,000	14,736,000
Individually evaluated for credit loss	0
Collectively evaluated for credit loss	13,939,000
Acquired with deteriorated credit quality		0	0
Loans	13,939,000	15,669,000	14,736,000
Construction Real Estate [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	20,000
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	906,000	671,000
Charge-offs	0	0
Recoveries	3,000	1,000
Provision	168,000	(83,000)
Ending balance	3,087,000	589,000
Individually evaluated for impairment		167,000	131,000
Collectively evaluated for impairment		422,000	775,000
Individually evaluated for credit loss	42,000
Collectively evaluated for credit loss	3,045,000
Individually evaluated for impairment		1,853,000	2,474,000
Collectively evaluated for impairment		174,206,000	225,792,000
Individually evaluated for credit loss	1,894,000
Collectively evaluated for credit loss	234,599,000
Acquired with deteriorated credit quality		1,743,000	1,650,000
Loans	236,493,000	177,802,000	229,916,000
Residential Portfolio Segment [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,010,000
Unallocated Financing Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	13,000	1,010,000
Charge-offs	0	0
Recoveries	0	0
Provision	0	(168,000)
Ending balance	0	842,000
Individually evaluated for impairment		0	0
Collectively evaluated for impairment		$ 842,000	$ 13,000
Individually evaluated for credit loss	0
Collectively evaluated for credit loss	0
Unallocated Financing Receivables [Member] | Cumulative Effect of Change in Accounting Principle [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ (13,000)

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Schedule of Information Regarding Credit Exposure (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	$ 0
Loans	1,210,583	$ 1,189,782	$ 1,027,406
Total nonaccrual loans	1,596	1,263
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	19
2022	19,463
2021	3,285
2020	1,905
2019	8,037
Prior	18,137
Term Loans Total	50,846
Revolving Loans	5,149
Grand Total	55,995
Current year-to-date gross write-offs, 2023	0
Current year-to-date gross write-offs, 2022	0
Current year-to-date gross write-offs, 2021	0
Current year-to-date gross write-offs, 2020	0
Current year-to-date gross write-offs, 2019	0
Current year-to-date gross write-offs, Prior	0
Current year-to-date gross write-offs, Term Loans Total	0
Current year-to-date gross write-offs, Revolving Loans	0
Current year-to-date gross write-offs, Grand Total	0
Loans	55,995	64,159	61,618
Agricultural [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	19
2022	19,463
2021	3,285
2020	1,905
2019	7,853
Prior	18,052
Term Loans Total	50,577
Revolving Loans	5,149
Grand Total	55,726
Loans		63,867
Agricultural [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	184
Prior	85
Term Loans Total	269
Revolving Loans	0
Grand Total	269
Loans		289
Agricultural [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		3
Agricultural [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Agricultural [Member] | Unlikely to be Collected Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	9,644
2022	49,508
2021	31,279
2020	14,281
2019	16,296
Prior	16,219
Term Loans Total	137,227
Revolving Loans	79,836
Grand Total	217,063
Current year-to-date gross write-offs, 2023	0
Current year-to-date gross write-offs, 2022	0
Current year-to-date gross write-offs, 2021	0
Current year-to-date gross write-offs, 2020	0
Current year-to-date gross write-offs, 2019	0
Current year-to-date gross write-offs, Prior	0
Current year-to-date gross write-offs, Term Loans Total	0
Current year-to-date gross write-offs, Revolving Loans	0
Current year-to-date gross write-offs, Grand Total	0
Loans	217,063	210,210	198,914
Commercial and Industrial [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	9,644
2022	49,508
2021	31,241
2020	14,120
2019	16,186
Prior	16,174
Term Loans Total	136,873
Revolving Loans	79,836
Grand Total	216,709
Loans		209,700
Commercial and Industrial [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	38
2020	161
2019	110
Prior	38
Term Loans Total	347
Revolving Loans	0
Grand Total	347
Loans		400
Commercial and Industrial [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	7
Term Loans Total	7
Revolving Loans	0
Grand Total	7
Loans		110
Commercial and Industrial [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Construction Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	1,599
2021	1,001
2020	0
2019	0
Prior	0
Term Loans Total	2,600
Revolving Loans	11,339
Grand Total	13,939
Current year-to-date gross write-offs, 2023	0
Current year-to-date gross write-offs, 2022	0
Current year-to-date gross write-offs, 2021	0
Current year-to-date gross write-offs, 2020	0
Current year-to-date gross write-offs, 2019	0
Current year-to-date gross write-offs, Prior	0
Current year-to-date gross write-offs, Term Loans Total	0
Current year-to-date gross write-offs, Revolving Loans	0
Current year-to-date gross write-offs, Grand Total	0
Loans	13,939	14,736	15,669
Total nonaccrual loans		0
Construction Real Estate [Member] | Performing Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	1,599
2021	1,001
2020	0
2019	0
Prior	0
Term Loans Total	2,600
Revolving Loans	11,339
Grand Total	13,939
Loans		14,736
Construction Real Estate [Member] | Nonperforming Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Construction Real Estate [Member] | Nonaccrual Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	2,786
2022	17,480
2021	9,478
2020	4,431
2019	2,094
Prior	2,034
Term Loans Total	38,303
Revolving Loans	588
Grand Total	38,891
Current year-to-date gross write-offs, 2023	0
Current year-to-date gross write-offs, 2022	12
Current year-to-date gross write-offs, 2021	7
Current year-to-date gross write-offs, 2020	1
Current year-to-date gross write-offs, 2019	0
Current year-to-date gross write-offs, Prior	0
Current year-to-date gross write-offs, Term Loans Total	20
Current year-to-date gross write-offs, Revolving Loans	0
Current year-to-date gross write-offs, Grand Total	20
Loans	38,891	39,808	36,151
Total nonaccrual loans		0
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	2,786
2022	17,480
2021	9,478
2020	4,431
2019	2,094
Prior	2,034
Term Loans Total	38,303
Revolving Loans	588
Grand Total	38,891
Loans		39,808
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Consumer Portfolio Segment [Member] | Nonaccrual Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	20,489
2022	136,340
2021	129,054
2020	85,247
2019	49,365
Prior	163,134
Term Loans Total	583,629
Revolving Loans	64,573
Grand Total	648,202
Loans	648,202	630,953	537,252
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	20,489
2022	136,340
2021	129,054
2020	85,247
2019	49,365
Prior	158,159
Term Loans Total	578,654
Revolving Loans	64,573
Grand Total	643,227
Loans		624,555
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	761
Term Loans Total	761
Revolving Loans	0
Grand Total	761
Loans		2,048
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	4,214
Term Loans Total	4,214
Revolving Loans	0
Grand Total	4,214
Loans		4,350
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		0
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	9,793
2022	71,015
2021	31,171
2020	18,271
2019	14,386
Prior	47,760
Term Loans Total	192,396
Revolving Loans	44,097
Grand Total	236,493
Loans	236,493	229,916	$ 177,802
Total nonaccrual loans	1,596	1,263
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	9,793
2022	70,595
2021	30,957
2020	18,271
2019	14,386
Prior	46,875
Term Loans Total	190,877
Revolving Loans	44,020
Grand Total	234,897
Loans		228,653
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Term Loans Total	0
Revolving Loans	0
Grand Total	0
Loans		$ 0
Residential Portfolio Segment [Member] | Nonaccrual Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	0
2022	420
2021	214
2020	0
2019	0
Prior	885
Term Loans Total	1,519
Revolving Loans	77
Grand Total	$ 1,596

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Summary of Troubled Loan Modifications (TLMs) (Details) (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 129
Term extension	0
Troubled Loan Modification [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	129
Current [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	129
30-89 days [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	0
Greater than 90 days [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	0
Residential real estate [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized Cost Basis	$ 129
% of total class of financing receivable	0%
Term extension	$ 0
Residential real estate [Member] | Troubled Loan Modification [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	129
Residential real estate [Member] | Current [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	129
Residential real estate [Member] | 30-89 days [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	0
Residential real estate [Member] | Greater than 90 days [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Term extension	$ 0

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Summary of Trouble Debt Restructurings (TDRs) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($) Interest
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans | Interest	1
Pre- Modification Outstanding	$ 258
Post- Modification Outstanding	$ 258
Agricultural [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of loans | Interest	1
Pre- Modification Outstanding	$ 258
Post- Modification Outstanding	$ 258

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Summary of Impaired Loans by Loan Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2022	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	$ 550	$ 406
Recorded Investment with an allowance recorded	2,296	4,534
Related Allowance	153	547
Recorded Investment	2,846	4,940
Interest Income Recognized with no related allowance recorded	1	1
Interest Income Recognized with an allowance recorded	122	64
Interest Income Recognized	123	65
Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	0	314
Recorded Investment with an allowance recorded	23	2,228
Related Allowance	2	253
Recorded Investment	23	2,542
Interest Income Recognized with no related allowance recorded	0	0
Interest Income Recognized with an allowance recorded	2	42
Interest Income Recognized	2	42
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	0	92
Recorded Investment with an allowance recorded	177	264
Related Allowance	14	116
Recorded Investment	177	356
Interest Income Recognized with no related allowance recorded	0	1
Interest Income Recognized with an allowance recorded	13	2
Interest Income Recognized	13	3
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	0	0
Recorded Investment with an allowance recorded	7	32
Related Allowance	1	3
Recorded Investment	7	32
Interest Income Recognized with no related allowance recorded	0	0
Interest Income Recognized with an allowance recorded	1	0
Interest Income Recognized	1	0
Construction Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	0	0
Recorded Investment with an allowance recorded	0	0
Related Allowance	0	0
Recorded Investment	0	0
Interest Income Recognized with no related allowance recorded	0	0
Interest Income Recognized with an allowance recorded	0	0
Interest Income Recognized	0	0
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	0	0
Recorded Investment with an allowance recorded	165	157
Related Allowance	5	8
Recorded Investment	165	157
Interest Income Recognized with no related allowance recorded	0	0
Interest Income Recognized with an allowance recorded	13	3
Interest Income Recognized	13	3
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment with no related allowance recorded	550	0
Recorded Investment with an allowance recorded	1,924	1,853
Related Allowance	131	167
Recorded Investment	2,474	1,853
Interest Income Recognized with no related allowance recorded	1	0
Interest Income Recognized with an allowance recorded	93	17
Interest Income Recognized	$ 94	$ 17

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Aging Analysis of Loans by Loan Category (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans		$ 1,210,583	$ 1,189,782	$ 1,027,406
Loan 90 days and accruing		0	0
Agricultural [Member]
Financing Receivable, Past Due [Line Items]
Loans		55,995	64,159	61,618
Loan 90 days and accruing		0	0
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans		217,063	210,210	198,914
Loan 90 days and accruing		0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans		38,891	39,808	36,151
Loan 90 days and accruing		0	0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans		648,202	630,953	537,252
Loan 90 days and accruing		0	0
Construction Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans		13,939	14,736	15,669
Loan 90 days and accruing		0	0
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans		236,493	229,916	$ 177,802
Loan 90 days and accruing			0
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	2,860	721
Financial Asset, 30 to 59 Days Past Due [Member] | Agricultural [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	174
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	3	39
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, 30 to 59 Days Past Due [Member] | Construction Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	267
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	2,416	682
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	317	178
Financial Asset, 60 to 89 Days Past Due [Member] | Agricultural [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0	171
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	27	7
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, 60 to 89 Days Past Due [Member] | Construction Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	290
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	153	842
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agricultural [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	153	842
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	3,330	1,741
Financial Asset, Past Due [Member] | Agricultural [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	174	171
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	30	46
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	0
Financial Asset, Past Due [Member] | Construction Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	267
Financial Asset, Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans	[1]	2,859	1,524
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Loans		1,207,253	1,188,041
Financial Asset, Not Past Due [Member] | Agricultural [Member]
Financing Receivable, Past Due [Line Items]
Loans		55,995	64,159
Financial Asset, Not Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans		216,889	210,039
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans		38,861	39,762
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans		648,202	630,953
Financial Asset, Not Past Due [Member] | Construction Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans		13,672	14,736
Financial Asset, Not Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Loans		$ 233,634	$ 228,392
[1] Includes nonaccrual loans.

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Nonaccrual Loans by Loan Category (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans with no ACL	$ 1,432
Nonaccrual loans	1,596	$ 1,263
Consumer Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans		0
Construction Real Estate [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans		0
Residential Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans with no ACL	1,432
Nonaccrual loans	$ 1,596	$ 1,263

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Acquired Loan Portfolio and Acquisition Fair Value Adjustments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
County Bank Corp ("County") [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	$ 3,005	$ 1,464
Accretion	(268)	(651)
Transfer from non-accretable to accretable yield		2,192
Balance	2,737	3,005
County Bank Corp ("County") [Member] | Purchases With Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	1,927	288
Accretion	(133)	(553)
Transfer from non-accretable to accretable yield		2,192
Balance	1,794	1,927
County Bank Corp ("County") [Member] | Purchases Without Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	1,078	1,176
Accretion	(135)	(98)
Transfer from non-accretable to accretable yield		0
Balance	943	1,078
Community Shores Bank Corp ("Community Shores") [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	615	719
Accretion	(203)	(1,190)
Transfer from non-accretable to accretable yield	622	1,086
Balance	1,034	615
Community Shores Bank Corp ("Community Shores") [Member] | Purchases With Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	615	522
Accretion	(203)	(993)
Transfer from non-accretable to accretable yield	622	1,086
Balance	1,034	615
Community Shores Bank Corp ("Community Shores") [Member] | Purchases Without Credit Deterioration [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance	0	197
Accretion		(197)
Transfer from non-accretable to accretable yield		0
Balance	$ 0	$ 0

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0	12,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0	0
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0	0

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic Earnings Per Share and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income	$ 5,633	$ 5,528
Weighted average common shares outstanding (in shares)	7,519,282	7,495,464
Basic earnings per share (Note 4) (in dollars per share)	$ 0.75	$ 0.74
Net income	$ 5,633	$ 5,528
Plus dilutive stock options and restricted stock units (in shares)	33,047	21,461
Weighted average common shares outstanding and potentially dilutive shares (in shares)	7,552,329	7,516,925
Diluted earnings per share (Note 4) (in dollars per share)	$ 0.75	$ 0.74

Financial Instruments - Summary

Financial Instruments - Summary of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities at fair value	$ 8,699	$ 8,566
Securities available for sale	535,348	529,749
Noninterest-bearing deposits	554,699	599,579
Interest-bearing deposits	1,513,429	1,518,424
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	55,189	43,943
Equity securities at fair value	8,699	8,566
Securities available for sale	535,348	529,749
Securities held to maturity	422,876	425,906
Reserve Bank stock	10,259	8,581
Loans held for sale	3,603	4,834
Loans to other financial institutions	0	0
Loans, net	1,195,518	1,182,163
Accrued interest receivable	9,652	8,949
Interest rate lock commitments	87	28
Mortgage Loan Servicing Rights	4,165	4,322
Interest rate derivative contracts	2,244	9,204
Noninterest-bearing deposits	554,699	599,579
Interest-bearing deposits	1,513,429	1,518,424
Brokered deposits	37,773
Borrowings	85,000	50,000
Subordinated debentures	35,323	35,262
Accrued interest payable	438	610
Interest rate derivative contracts	3,790	5,823
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	55,189	43,943
Equity securities at fair value	8,699	8,566
Securities available for sale	535,348	529,749
Securities held to maturity	358,373	353,901
Reserve Bank stock	10,259	8,581
Loans held for sale	3,711	4,979
Loans to other financial institutions	0	0
Loans, net	1,151,264	1,123,198
Accrued interest receivable	9,652	8,949
Interest rate lock commitments	87	28
Mortgage Loan Servicing Rights	5,623	5,855
Interest rate derivative contracts	2,244	9,204
Noninterest-bearing deposits	554,699	599,579
Interest-bearing deposits	1,510,549	1,514,294
Brokered deposits	37,698
Borrowings	85,000	50,000
Subordinated debentures	30,883	30,304
Accrued interest payable	438	610
Interest rate derivative contracts	3,790	5,823
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	55,189	43,943
Equity securities at fair value	6,062	6,024
Securities available for sale	79,975	78,204
Securities held to maturity	0	0
Reserve Bank stock	0	0
Loans held for sale	0	0
Loans to other financial institutions	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Interest rate lock commitments	0	0
Mortgage Loan Servicing Rights	0	0
Interest rate derivative contracts	0	0
Noninterest-bearing deposits	554,699	599,579
Interest-bearing deposits	0	0
Brokered deposits	0
Borrowings	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Interest rate derivative contracts	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Equity securities at fair value	0	0
Securities available for sale	455,373	451,545
Securities held to maturity	342,946	338,583
Reserve Bank stock	10,259	8,581
Loans held for sale	3,711	4,979
Loans to other financial institutions	0	0
Loans, net	0	0
Accrued interest receivable	9,652	8,949
Interest rate lock commitments	87	28
Mortgage Loan Servicing Rights	5,623	5,855
Interest rate derivative contracts	2,244	9,204
Noninterest-bearing deposits	0	0
Interest-bearing deposits	1,510,549	1,514,294
Brokered deposits	37,698
Borrowings	85,000	50,000
Subordinated debentures	30,883	30,304
Accrued interest payable	438	610
Interest rate derivative contracts	3,790	5,823
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Equity securities at fair value	2,637	2,542
Securities available for sale	0	0
Securities held to maturity	15,427	15,318
Reserve Bank stock	0	0
Loans held for sale	0	0
Loans to other financial institutions	0	0
Loans, net	1,151,264	1,123,198
Accrued interest receivable	0	0
Interest rate lock commitments	0	0
Mortgage Loan Servicing Rights	0	0
Interest rate derivative contracts	0	0
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Brokered deposits	0
Borrowings	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Interest rate derivative contracts	$ 0	$ 0

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, at fair value (Note 2)	$ 8,699	$ 8,566
Securities available for sale, at fair value (Note 2)	535,348	529,749
Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts	2,244	9,204
Interest rate derivative contracts - liabilities	3,790	5,823
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	79,975	78,204
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	236,498	229,938
Collateralized Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	206,137	208,563
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	716	711
Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	12,022	12,333
US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	535,348	529,749
Fair Value, Recurring [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts	2,244	9,204
Interest rate derivative contracts - liabilities	3,790	5,823
Fair Value, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, at fair value (Note 2)	8,699	8,566
Fair Value, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	79,975	78,204
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	236,498	229,938
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	206,137	208,563
Fair Value, Recurring [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	716	711
Fair Value, Recurring [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	12,022	12,333
Fair Value, Recurring [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)		0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	79,975	78,204
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts	0	0
Interest rate derivative contracts - liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, at fair value (Note 2)	6,062	6,024
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	79,975	78,204
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	455,373	451,545
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts	2,244	9,204
Interest rate derivative contracts - liabilities	3,790	5,823
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	236,498	229,938
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	206,137	208,563
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	716	711
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	12,022	12,333
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts	0	0
Interest rate derivative contracts - liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities, at fair value (Note 2)	2,637	2,542
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Asset-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)	$ 0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value (Note 2)		$ 0

Fair Value Measurements - Chang

Fair Value Measurements - Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance	$ 2,542	$ 1,768
Total realized and unrealized gains included in income	25	(1)
Net purchases, sales, calls, and maturities	70	0
Net transfers into Level 3	0	0
Balance	2,637	1,767
Amount of total losses for the period included in earning attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at September 30,	25	(1)
Net transfers into Level 3	0	0
Available-for-Sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance	0	21,050
Net purchases, sales, calls, and maturities	0	0
Net transfers into Level 3	0	0
Balance	0	0
Amount of total losses for the period included in earning attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at September 30,	0	0
Total unrealized gains included in other comprehensive income	0	0
Net transfers into Level 3	0	0
Transfer to held to maturity	$ 0	$ (21,050)

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value on a Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Loans	$ 2,151	$ 2,846
Other Real Estate	130	0
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Loans	0	0
Other Real Estate	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Loans	0	0
Other Real Estate	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Loans	2,151	2,846
Other Real Estate	$ 130	$ 0

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Schedule of Noninterest Income Separated by Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noninterest income from contracts with customers within the scope of ASC 606	$ 2,784	$ 2,720
Noninterest income within the scope of other GAAP topics	887	1,125
Total noninterest income	3,671	3,845
Service Charges and Fees on Deposit Accounts [Member]
Noninterest income from contracts with customers within the scope of ASC 606	1,027	1,031
Interchange Income [Member]
Noninterest income from contracts with customers within the scope of ASC 606	1,240	1,158
Investment Commission Income [Member]
Noninterest income from contracts with customers within the scope of ASC 606	196	205
Trust Fee Income [Member]
Noninterest income from contracts with customers within the scope of ASC 606	184	178
Other Charges and Fees for Customer Services [Member]
Noninterest income from contracts with customers within the scope of ASC 606	$ 137	$ 148

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Additional Information (Details) - Designated as Hedging Instrument [Member]	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($) Interest	Jun. 30, 2022 USD ($) Interest	Dec. 31, 2022 USD ($) Interest	Mar. 31, 2023 USD ($)
Pay Floating Swap Agreement [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held, Total | Interest		2
Derivative, Notional Amount		$ 200,000,000
Derivative, Fixed Coupon Rate		2.41%
Derivative instrument cash payment				$ 4,200,000
Derivative Instrument, Net cash settlements paid				837,000
Derivative Instrument, Net cash settlements received				$ 565,000
Pay Fixed Swap Agreement [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held, Total | Interest		1
Derivative, Notional Amount	$ 49,100,000	$ 200,000,000	$ 49,100,000
Derivative, Fixed Coupon Rate		2.75%
Derivative, Term of Contract (Year)		8 years	9 years
Pay Fixed Swap Agreement [Member] | Cash Flow Hedging [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	3.403%		3.403%
Pay Fixed Swap Agreement [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Number of Instruments Held, Total | Interest	4		4
Derivative, Notional Amount	$ 201,000,000		$ 201,000,000
Derivative, Number of Instruments Sold | Interest	4		4
Pay Fixed Swap Agreements Expiring in 2032 [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 101,900,000		$ 101,900,000
Derivative, Term of Contract (Year)	10 years
Pay Fixed Swap Agreements Expiring in 2032 [Member] | Fair Value Hedging [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	3.39%		3.39%
The 3.4015 Percent Pay Fixed Swap Agreement [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 50,000,000		$ 50,000,000
Derivative, Term of Contract (Year)			9 years
The 3.4015 Percent Pay Fixed Swap Agreement [Member] | Fair Value Hedging [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	3.4015%		3.4015%

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Schedule of Derivatives Instruments in Balance Sheet Location (Details) - Interest Rate Contract [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Interest rate contracts	$ 2,244	$ 9,204
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Interest rate contracts	$ 3,790	$ 5,823
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities

Derivative and Hedging Activi_5

Derivative and Hedging Activities - Location and Amount of Gain (Loss) in Income on Fair Value and Cash Flow Hedging Relationships (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded	$ (366)	$ 0
Interest Income [Member] | Interest Rate Contract, Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
The effects of fair value and cash flow hedging:	6,022	0
Interest Income [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
The effects of fair value and cash flow hedging:	(5,960)	0
Interest Income [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount excluded from effectiveness testing recognized in earnings based on amortization approach	0	0
Interest Income [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount excluded from effectiveness testing recognized in earnings based on amortization approach	0	0
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income	(156)	0
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Total amounts of income and expense line items presented in the consolidated statements of income in which the effects of fair value or cash flow hedges are recorded	0	0
Interest Expense [Member] | Interest Rate Contract, Hedged Items [Member]
Derivative Instruments, Gain (Loss) [Line Items]
The effects of fair value and cash flow hedging:	0	0
Interest Expense [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
The effects of fair value and cash flow hedging:	0	0
Interest Expense [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount excluded from effectiveness testing recognized in earnings based on amortization approach	0	0
Interest Expense [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount excluded from effectiveness testing recognized in earnings based on amortization approach	0	0
Amount of gain or (loss) reclassified from accumulated other comprehensive income into income	$ 0	$ 0

Derivatives and Hedging Activit

Derivatives and Hedging Activities - Schedule of Effect of Fair Value and Cash flow Hedge Accounting on Consolidated Statements of Operations (Details) - Designated as Hedging Instrument [Member]	Mar. 31, 2023 USD ($)
Interest rate contracts	$ 225,127
Cumulative amount of discontinued cash flow hedge	$ (4,091)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Securities available for sale, at fair value (Note 2)