Hawthorn Bancshares (HWBK) 10-K 29 Mar 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 29, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	0-23636
Entity Registrant Name	HAWTHORN BANCSHARES, INC.
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	43-1626350
Entity Address, Address Line One	132 East High Street, Box 688
Entity Address, City or Town	Jefferson City
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	65102
City Area Code	573
Local Phone Number	761-6100
Title of 12(b) Security	Common Stock, $1.00 par value
Trading Symbol	HWBK
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 132,733,338
Entity Common Stock, Shares Outstanding		6,768,581
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the following documents are incorporated by reference into the indicated parts of this report: (1) 2022 Annual Report to Shareholders - Part II and (2) definitive Proxy Statement for the 2023 Annual Meeting of Shareholders to be filed with the Commission pursuant to Regulation 14A - Part III.
Entity Central Index Key	0000893847
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	St. Louis, MO

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 18,661	$ 17,287
Federal funds sold	46	7,122
Other interest-bearing deposits	65,013	135,500
Cash and cash equivalents	83,720	159,909
Certificates of deposit in other banks	2,955	5,193
Available-for-sale debt securities, at fair value	250,747	310,870
Other investments	6,353	5,408
Total investment securities	257,100	316,278
Loans held for investment	1,521,252	1,302,133
Allowance for loan losses	(15,588)	(16,903)
Net loans	1,505,664	1,285,230
Loans held for sale, at lower of cost or fair value	591	2,249
Premises and equipment - net	32,856	32,719
Mortgage servicing rights, at fair value	2,899	2,659
Other real estate owned - net	8,795	10,525
Accrued interest receivable	7,953	6,621
Cash surrender value - life insurance	2,567	2,509
Other assets	18,440	7,658
Total assets	1,923,540	1,831,550
Deposits
Non-interest-bearing demand	453,443	453,066
Savings, interest checking and money market	923,602	818,358
Time deposits $250,000 and over	94,859	69,075
Other time deposits	160,175	176,321
Total deposits	1,632,079	1,516,820
Federal funds purchased and securities sold under agreements to repurchase	5,187	23,829
Federal Home Loan Bank advances and other borrowings	98,000	77,418
Subordinated notes	49,486	49,486
Operating lease liabilities	1,533	1,837
Accrued interest payable	902	282
Other liabilities	8,942	12,922
Total liabilities	1,796,129	1,682,594
Stockholders’ equity:
Common stock, $1 par value, authorized 15,000,000 shares; issued 7,284,151 and 7,023,821 shares, respectively	7,284	7,024
Surplus	71,042	64,437
Retained earnings	91,789	82,300
Accumulated other comprehensive (loss) income, net of tax	(31,714)	3,293
Treasury stock; 515,570, and 406,846 shares, at cost, respectively	(10,990)	(8,098)
Total stockholders’ equity	127,411	148,956
Total liabilities and stockholders’ equity	$ 1,923,540	$ 1,831,550

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, authorized (in shares)	15,000,000	15,000,000
Common Stock, issued (in shares)	7,284,151	7,023,821
Treasury stock, shares (in shares)	515,570	406,846

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INTEREST INCOME
Interest and fees on loans	$ 62,888	$ 59,248	$ 58,129
Interest and fees on loans held for sale	90	102	120
Interest on investment securities:
Taxable	3,150	2,798	3,037
Nontaxable	2,439	1,660	688
Federal funds sold	6	8	161
Other interest-bearing deposits, and certificates of deposit in other banks	414	337	507
Dividends on other investments	269	301	343
Total interest income	69,256	64,454	62,985
Interest on deposits:
Savings, interest checking and money market	5,009	1,113	1,858
Time deposit accounts $250,000 and over	1,059	575	1,351
Time deposits	1,034	1,446	2,641
Total interest expense on deposits	7,102	3,134	5,850
Interest on federal funds purchased and securities sold under agreements to repurchase	51	87	146
Interest on Federal Home Loan Bank advances	1,268	1,461	2,199
Interest on subordinated notes	2,072	1,227	1,527
Total interest expense on borrowings	3,391	2,775	3,872
Total interest expense	10,493	5,909	9,722
Net interest income	58,763	58,545	53,263
(Release of) provision for loan losses	(900)	(1,700)	5,800
Net interest income after (release of) provision for loan losses	59,663	60,245	47,463
NON-INTEREST INCOME
Gain on sale of mortgage loans, net	2,661	7,165	7,109
Other	2,044	666	572
Total non-interest income	13,978	16,786	14,973
Investment securities (losses) gains, net	(14)	149	61
NON-INTEREST EXPENSE
Salaries and employee benefits	27,058	27,657	26,151
Occupancy expense, net	3,175	3,075	3,069
Furniture and equipment expense	3,054	3,067	3,043
Processing, network, and bank card expense	4,788	4,751	3,864
Legal, examination, and professional fees	1,630	3,024	1,458
Advertising and promotion	1,494	1,227	1,095
Postage, printing, and supplies	878	838	897
Loan expense	576	823	1,137
Other	5,885	4,504	4,307
Total non-interest expense	48,538	48,966	45,021
Income before income taxes	25,089	28,214	17,476
Income tax expense	4,338	5,697	3,183
Net income	$ 20,751	$ 22,517	$ 14,293
Basic earnings per share (in dollars per share)	$ 3.06	$ 3.27	$ 2.04
Diluted earnings per share (in dollars per share)	$ 3.06	$ 3.27	$ 2.04
Service charges and other fees
NON-INTEREST INCOME
Income from fees	$ 3,002	$ 3,094	$ 2,955
Bank card income and fees
NON-INTEREST INCOME
Income from fees	4,083	3,957	3,201
Trust department income
NON-INTEREST INCOME
Income from fees	1,184	1,324	1,185
Real estate servicing fees, net
NON-INTEREST INCOME
Income from fees	$ 1,004	$ 580	$ (49)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 20,751	$ 22,517	$ 14,293
Investment securities available-for-sale:
Unrealized (losses) gains on investment securities available-for-sale, net of tax	(37,019)	(2,895)	3,408
Adjustment for (gains) on sale of investment securities, net of tax	0	(96)	(32)
Defined benefit pension plans:
Net gains arising during the year, net of tax	2,012	4,466	1,738
Amortization of prior service cost included in net periodic pension cost, net of tax	0	290	169
Total other comprehensive (loss) income	(35,007)	1,765	5,283
Total comprehensive (loss) income	$ (14,256)	$ 24,282	$ 19,576

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Surplus	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2019	$ 115,038	$ 6,520	$ 55,727	$ 61,590	$ (3,755)	$ (5,044)
Increase (Decrease) in Stockholders' Equity
Net income	14,293			14,293
Other comprehensive income (loss)	5,283				5,283
Purchase of treasury stock	(906)					(906)
Stock dividend	0	249	3,580	(3,829)
Cash dividends declared, common stock	(3,119)			(3,119)
Ending balance at Dec. 31, 2020	130,589	6,769	59,307	68,935	1,528	(5,950)
Increase (Decrease) in Stockholders' Equity
Net income	22,517			22,517
Other comprehensive income (loss)	1,765				1,765
Purchase of treasury stock	(2,148)					(2,148)
Stock dividend	0	255	5,130	(5,385)
Cash dividends declared, common stock	(3,767)			(3,767)
Ending balance at Dec. 31, 2021	148,956	7,024	64,437	82,300	3,293	(8,098)
Increase (Decrease) in Stockholders' Equity
Net income	20,751			20,751
Other comprehensive income (loss)	(35,007)				(35,007)
Purchase of treasury stock	(2,892)					(2,892)
Stock dividend	0	260	6,605	(6,865)
Cash dividends declared, common stock	(4,397)			(4,397)
Ending balance at Dec. 31, 2022	$ 127,411	$ 7,284	$ 71,042	$ 91,789	$ (31,714)	$ (10,990)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 0.04	$ 0.04	$ 0.04
Common stock, dividends declared (in dollars per share)	$ 0.66	$ 0.58	$ 0.49

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 20,751	$ 22,517	$ 14,293
Adjustments to reconcile net income to net cash from operating activities:
(Release of) provision for loan losses	(900)	(1,700)	5,800
Depreciation expense	2,141	2,283	2,265
Net amortization of investment securities, premiums, and discounts	1,358	1,743	1,493
Change in fair value of mortgage servicing rights	(176)	186	903
Investment securities losses (gains), net	14	(149)	(61)
(Gains) losses on sales and dispositions of premises and equipment	(160)	29	(104)
Gain on sales and dispositions of other real estate	(255)	(27)	(224)
(Release of) provision for other real estate owned	(29)	965	5
(Increase) decrease in accrued interest receivable	(1,332)	19	(159)
Increase in cash surrender value - life insurance	(58)	(58)	(53)
(Increase) decrease in other assets	(1,413)	(2,222)	9
Decrease in operating lease liabilities	(304)	(300)	(87)
Increase (decrease) in accrued interest payable	620	(555)	(299)
(Decrease) increase in other liabilities	(1,522)	4,981	1,907
Origination of mortgage loans held for sale	(83,012)	(196,924)	(193,488)
Proceeds from the sale of mortgage loans held for sale	87,217	206,589	195,926
Gain on sale of mortgage loans, net	(2,661)	(7,165)	(7,109)
Net cash provided by operating activities	20,279	30,212	21,017
Cash flows from investing activities:
Purchase of certificates of deposit in other banks	(735)	(245)	(980)
Proceeds from maturities of certificates of deposit in other banks	2,966	4,436	2,466
Net increase in loans	(219,646)	(15,449)	(119,273)
Purchase of available-for-sale debt securities	(21,282)	(178,576)	(100,206)
Proceeds from maturities of available-for-sale debt securities	30,899	38,386	52,962
Proceeds from calls of available-for-sale debt securities	2,295	16,515	21,285
Proceeds from sales of available-for-sale debt securities	0	5,420	5,845
Purchases of Federal Home Loan Bank stock	(13,334)	(362)	(2,018)
Proceeds from sales of Federal Home Loan Bank stock	12,375	1,334	1,492
Purchases of premises and equipment	(2,566)	(591)	(1,828)
Proceeds from sales of premises and equipment	317	46	178
Proceeds from sales of other real estate and repossessed assets	2,176	1,551	516
Net cash used in investing activities	(206,535)	(127,535)	(139,561)
Cash flows from financing activities:
Net increase in demand deposits	377	70,574	121,325
Net increase in interest-bearing transaction accounts	105,244	94,550	109,477
Net increase (decrease) in time deposits	9,638	(31,910)	(33,717)
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase	(18,642)	(21,325)	17,882
Repayment of FHLB advances and other borrowings	(315,399)	(29,256)	(59,245)
FHLB advances	335,981	0	69,000
Purchase of treasury stock	(2,892)	(2,148)	(906)
Cash dividends paid - common stock	(4,240)	(3,616)	(3,030)
Net cash provided by financing activities	110,067	76,869	220,786
Net (decrease) increase in cash and cash equivalents	(76,189)	(20,454)	102,242
Cash and cash equivalents, beginning of year	159,909	180,363	78,121
Cash and cash equivalents, end of year	83,720	159,909	180,363
Cash paid during the year for:
Interest	9,919	6,464	10,023
Income taxes	4,307	4,729	2,305
Noncash investing and financing activities:
Other real estate and repossessed assets acquired in settlement of loans	162	723	73
Right of use assets obtained in exchange for new operating lease liabilities	0	0	169
Stock dividends	$ 6,865	$ 5,385	$ 3,829

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Hawthorn Bancshares, Inc. (the "Company") through its subsidiary, Hawthorn Bank (the "Bank"), provides a broad range of banking services to individual and corporate customers located within the Missouri communities in and surrounding Jefferson City, Columbia, Clinton, Warsaw, Springfield, St. Louis, and the greater Kansas City metropolitan area. The Company is subject to competition from other financial and nonfinancial institutions providing financial products. Additionally, the Company and its subsidiaries are subject to the regulations of certain regulatory agencies and undergo periodic examinations by those regulatory agencies. The accompanying consolidated financial statements of the Company have been prepared in conformity with United States ("U.S.") generally accepted accounting principles ("GAAP"). The preparation of the consolidated financial statements includes all adjustments that, in the opinion of management, are necessary in order to make those statements not misleading. Management is required to make estimates and assumptions, including the determination of the allowance for loan losses, real estate acquired in connection with foreclosure or in satisfaction of loans, and fair values of investment securities available-for-sale that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company's management has evaluated and did not identify any subsequent events or transactions requiring recognition or disclosure in the consolidated financial statements other than what is disclosed in the Pending Litigation section below. The significant accounting policies used by the Company in the preparation of the consolidated financial statements are summarized below: Principles of Consolidation In December of 2008, the Company formed Hawthorn Real Estate, LLC, (the "Real Estate Company"), a wholly owned subsidiary of the Company. In December of 2017, the Company formed Hawthorn Risk Management, Inc., (the "Insurance Captive"), a wholly owned subsidiary of the Company. The consolidated financial statements include the accounts of the Company, the Bank, the Real Estate Company, and the Insurance Captive. All significant intercompany accounts and transactions have been eliminated in consolidation. Loans Loans that the Company has the intent and ability to hold for the foreseeable future or to maturity are held for investment at their stated unpaid principal balance amount less unearned income and the allowance for loan losses. Income on loans is accrued on a simple-interest basis. Loan origination fees and certain direct costs are deferred and recognized over the life of the loan as an adjustment to yield. Loans Held for Sale Loans originated, primarily one-to-four family residential mortgage loans, with the intent to be sold in the secondary market are classified as held for sale. In the fourth quarter of 2021, the Company elected the fair value option for all newly originated long-term personal real estate loans held for sale. Adjusted cost reflects the funded loan amount and any loan origination costs and fees. The Company sells loans with servicing retained or released depending on pricing and market conditions. Mortgage loans held for sale were $0.6 million at December 31, 2022 compared to $2.2 million at December 31, 2021. Impaired Loans A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, both principal and interest, according to the contractual terms of the loan agreement. Included in impaired loans are all non-accrual loans and loans whose terms have been modified in a troubled debt restructuring. Impaired loans are individually evaluated for impairment based on fair values of the underlying collateral, obtained through independent appraisals or internal valuations for a collateral dependent loan or by discounting the total expected future cash flows. Non-Accrual Loans Loans are placed on non-accrual status when management believes that the borrower's financial condition, after consideration of business conditions and collection efforts, is such that collection of interest is doubtful. Loans that are contractually 90 days past due as to principal and/or interest payments are generally placed on non-accrual, unless they are both well-secured and in the process of collection. Real estate loans secured by one-to-four family residential properties are exempt from these non-accrual guidelines. These loans are placed on non-accrual status after they become 120 days past due. Subsequent interest payments received on such loans are applied to principal if doubt exists as to the collectability of such principal; otherwise, such receipts are recorded as interest income on a cash basis. A loan remains on non-accrual status until the loan is current as to payment of both principal and interest and/or the borrower demonstrates the ability to pay and remain current. Restructured Loans A loan is accounted for as a troubled debt restructuring ("TDR") if the Company, for economic or legal reasons related to the borrowers' financial difficulties, grants a concession to the borrower that it would not otherwise consider. A TDR typically involves (1) modification of terms such as a reduction of the stated interest rate, loan principal, accrued interest, or an extended maturity date, (2) a loan renewal at a stated interest rate lower than the current market rate for a new loan with similar risk, or (3) debt that was not reaffirmed in bankruptcy. Non-performing TDRs are returned to performing status once the borrower demonstrates the ability to pay under the terms of the restructured note through a sustained period of repayment performance, which is generally six months. The Company includes all performing and non-performing TDRs in the impaired and non-performing asset totals. The Company measures the impairment loss of a TDR in the same manner as described below. TDRs that are performing under their contractual terms continue to accrue interest, which is recognized in current earnings. Allowance for Loan Losses Management has identified the accounting policy related to the allowance for loan losses as critical to the understanding of the Company's results of operations, since the application of this policy requires significant management assumptions and estimates that could result in materially different amounts to be reported if conditions or underlying circumstances were to change. The fair value of impaired loans deemed collateral-dependent, for purposes of the measurement of the impairment loss, can be subject to changing market conditions, supply and demand, condition of the collateral and other factors over time. Such volatility can have an impact on the financial performance of the Company. Loans, or portions of loans, are charged off to the extent deemed uncollectible or a loss is confirmed. When loans become 90 days past due, they are generally placed on non-accrual status or charged off unless extenuating circumstances justify leaving the loan on accrual basis. When loans reach 120 days past due, and there is little likelihood of repayment, the uncollectible portion of the loans are charged off. Loan charge-offs reduce the allowance for loan losses, and recoveries of loans previously charged off are added back to the allowance. If management determines that it is probable that all amounts due on a loan will not be collected under the original terms of the loan agreement, the loan is considered to be impaired. The specific reserve component applies to loans evaluated individually for impairment. The net carrying value of impaired loans is generally based on the fair values of collateral obtained through independent appraisals and/or internal evaluations, or by discounting the total expected future cash flows. Once the impairment amount is calculated, a specific reserve allocation is recorded. The incurred loss component of the general reserve, or loans collectively evaluated for impairment, is determined by applying loss rates to pools of loans by loan type. Loans not individually evaluated are aggregated by risk characteristics and reserves are recorded using a consistent methodology that considers historical loan loss experience by loan type. The Company believes that the look-back period beginning January 1, 2012 provides a representative historical loss period in the current economic environment. These historical loss rates for each risk group are used as the starting point to determine loss rates for measurement purposes. The historical loan loss rates are multiplied by loss emergence periods, which represent the estimated time period between a borrower first experiencing financial difficulty and the recognition of a loss. The Company's methodology includes qualitative risk factors that allow management to adjust its estimates of losses based on the most recent information available and to address other limitations in the quantitative component that is based on historical loss rates. Such risk factors are generally reviewed and updated quarterly, as appropriate, and are adjusted to reflect changes in national and local economic conditions and developments, the nature, volume and terms of loans in the portfolio, including changes in volume and severity of past due loans, the volume of non-accrual loans, and the volume and severity of adversely classified or graded loans, loan concentrations, assessment of trends in collateral values, assessment of changes in the quality of the Company's internal loan review department, and changes in lending policies and procedures, including underwriting standards and collections, charge-off and recovery practices. Certificates of Deposit in other banks Certificates of deposit are investments made by the Company with other financial institutions, in amounts less than $250,000 each in order to qualify for insurance coverage under the Federal Deposit Insurance Corporation ("FDIC"), that are carried at cost which approximates fair values. Investment Securities Available-for-sale Securities The largest component of the Company's investment portfolio consists of debt securities which are classified as available-for-sale and are carried at fair value. Changes in fair value, excluding certain losses associated with other-than-temporary impairment, are reported in other comprehensive income, net of taxes, a component of stockholders' equity. Securities are periodically evaluated for other-than-temporary impairment in accordance with guidance provided by the Financial Accounting Standards Board ("FASB") under Accounting Standards Codification ("ASC") Topic 320, Investments – Debt Securities. For those securities with other-than-temporary impairment, the entire loss in fair value is required to be recognized in current earnings if the Company intends to sell the securities or believes it more likely than not that it will be required to sell the security before the anticipated recovery. If neither condition is met, but the Company does not expect to recover the amortized cost basis, the Company determines whether a credit loss has occurred, which is then recognized in current earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Premiums and discounts are amortized using the interest method over the lives of the respective securities, with consideration of historical and estimated prepayment rates for mortgage-backed securities, as an adjustment to yield. Dividend and interest income are recognized when earned. Realized gains and losses for securities classified as available-for-sale are included in earnings based on the specific identification method for determining the cost of securities sold. Other Investment Securities Other investment securities include equity securities with readily determinable fair values and other investment securities that do not have readily determinable fair values. Investments in Federal Home Loan Bank of Des Moines ("FHLB") stock, and Midwest Independent BankersBank ("MIB") stock, that do not have readily determinable fair values, are required for membership in those organizations. Equity securities with readily determinable fair values are recorded at fair value, with changes in fair value reflected in earnings. Equity securities that do not have readily determinable fair values are carried at cost and are periodically assessed for impairment. Capital Stock of the FHLB The Bank, as a member of the Federal Home Loan Bank System administered by the Federal Housing Finance Agency, is required to maintain an investment in the capital stock of the FHLB in an amount equal to 12 basis points of the Bank's year-end total assets plus 4.00% of advances from the FHLB to the Bank. These investments are recorded at cost, which represents redemption value. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation applicable to buildings and improvements and furniture and equipment is charged to expense using straight-line and accelerated methods over the estimated useful lives of the assets. Such lives are estimated to be five three Derivative Assets and Liabilities The Company recognizes derivatives as either assets or liabilities in the balance sheet, and measures those instruments at fair value. Loan commitments related to the origination or acquisition of mortgage loans that will be held for sale are accounted for as derivative instruments. The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). The Company also enters into forward sales commitments for the mortgage loans underlying the rate lock commitments. The Company uses derivative instruments to manage the fair value changes in interest rate lock commitments and loan portfolios which are exposed to interest rate risk. The Company does not use derivative instruments for trading or speculative purposes. Certain derivative financial instruments are generally entered into as economic hedges against changes in the fair value of a recognized asset or liability and are not designated as hedges for accounting purposes. These non-designated derivatives are intended to provide interest rate protection but do not meet hedge accounting treatment. Changes in the fair value of these instruments are recorded in non-interest income and non-interest expense related to the other asset or other liability in the consolidated statements of income. Management has determined these derivatives do not have a material effect on the Company's financial position, results of operations or cash flows. Mortgage Servicing Rights The Company originates and sells residential mortgage loans in the secondary market and typically retains the right to service the loans sold. Servicing involves the collection of payments from individual borrowers and the distribution of those payments to the investors or master servicer. Upon a sale of mortgage loans for which servicing rights are retained, the retained mortgage servicing rights asset is capitalized at the fair value of future net cash flows expected to be realized for performing servicing activities. Mortgage servicing rights are carried at fair value in the consolidated balance sheet with changes in the fair value recognized in earnings. Because most servicing rights do not trade in an active market with readily observable prices, the Company determines the fair value of mortgage servicing rights by estimating the fair value of the future cash flows associated with the mortgage loans being serviced. Key assumptions used in measuring the fair value of mortgage servicing rights include, but are not limited to, prepayment speeds, discount rates, delinquencies, ancillary income, and cost to service. These assumptions are validated on a periodic basis. The fair value is validated on a quarterly basis with an independent third party valuation specialist firm. In addition to the changes in fair value of the mortgage servicing rights, the Company also records loan servicing fee income as part of real estate servicing fees, net, in the consolidated statements of income. Loan servicing fee income represents revenue earned for servicing mortgage loans. The servicing fees are based on contractual percentage of the outstanding principal balance and recognized as revenue as the related mortgage payments are collected. Corresponding loan servicing costs are charged to expense as incurred. Other Real Estate Owned and Repossessed Assets Other real estate owned and repossessed assets consist of loan collateral that has been repossessed through foreclosure. This collateral is comprised of commercial and residential real estate and other non-real estate property, including autos, manufactured homes, and construction equipment. Other real estate owned assets are initially recorded as held for sale at the fair value of the collateral less estimated selling costs. Any adjustment is recorded as a charge-off against the allowance for loan losses. The Company relies on external appraisals and assessment of property values by internal staff. In the case of non-real estate collateral, reliance is placed on a variety of sources, including external estimates of value and judgment based on experience and expertise of internal specialists. Subsequent to foreclosure, valuations are updated periodically, and the assets may be written down to reflect a new cost basis. The valuation write-downs are recorded as other non-interest expense. The Company establishes a valuation allowance related to other real estate owned and repossessed assets on an asset-by-asset basis. The valuation allowance is created during the holding period when the fair value less cost to sell is lower than the cost of the asset. Pension Plan The Company provides a noncontributory defined benefit pension plan for all full-time and eligible employees. The benefits are based on age, years of service and the level of compensation during the respective employee's highest ten years of compensation before retirement. Net periodic costs are recognized as employees render the services necessary to earn the retirement benefits. The Company records annual amounts relating to its pension plan based on calculations that incorporate various actuarial and other assumptions including discount rates, mortality, assumed rates of return, compensation increases, and turnover rates. The Company reviews its assumptions on an annual basis and may make modifications to the assumptions based on current rates and trends when it is appropriate to do so. The Company believes that the assumptions utilized in recording its obligations under its plan are reasonable based on its experience and market conditions. The Company follows authoritative guidance included in the FASB ASC Topic 715, Compensation – Retirement Plans under the subtopic Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. ASC Topic 715 requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its consolidated balance sheet and to recognize changes in the funded status in the year in which the changes occur through comprehensive income. This guidance also requires an employer to measure the funded status of a plan as of the date of its fiscal year-end, with limited exceptions. Additional disclosures are required to provide users with an understanding of how investment allocation decisions are made, major categories of plan assets, and fair value measurement of plan assets as defined in ASC Topic 820 , Fair Value Measurements and Disclosures . Investments in Historic Tax Credits The Company has a noncontrolling financial investment in a private investment fund and partnership that finances the rehabilitation and re-use of historic buildings. This unconsolidated investment may generate a return through the realization of federal income tax credits, as well as other tax benefits, such as tax deductions from net operating losses of the investments over a period of time. Investments in historic tax credits are accounted for under the equity method of accounting and the Company’s recorded investment in these entities is carried in other assets on the Consolidated Balance Sheets with any unfunded commitment recorded in other liabilities. The tax credits and other net tax benefits received are recognized as a component of income tax expense in the Consolidated Statements of Income. Income Taxes Income taxes are accounted for under the asset/liability method by recognizing the amount of taxes payable or refundable for the current period and deferred tax assets and liabilities for future tax consequences of events that have been recognized in the Company's financial statements or tax returns. Deferred income tax assets and liabilities are provided as temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated financial statements at the enacted tax rate expected to be applied in the period the deferred tax item is expected to be realized. A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years. A tax position is initially recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts. Penalties and interest incurred under the applicable tax law are classified as income tax expense. The Company has not recognized any tax liabilities or any interest or penalties in income tax expense related to uncertain tax positions as of December 31, 2022, 2021, and 2020. Trust Department Property held by the Bank in a fiduciary or agency capacity for customers is not included in the accompanying consolidated balance sheets, since such items are not assets of the Company. Trust department income is recognized on the accrual basis. Consolidated Statements of Cash Flows For the purpose of the consolidated statements of cash flows, cash and cash equivalents consist of short-term federal funds sold and securities sold or purchased under agreements to resell, overnight interest-earning deposits with banks, and cash and due from banks. Treasury Stock The purchase of the Company's common stock is recorded at cost. Purchases of the stock are made both in the open market and through negotiated private purchases based on market prices. At the date of subsequent reissue, the treasury stock account is reduced by the cost associated with such stock on a first-in-first-out basis. Gains on the sale of treasury stock are credited to additional paid-in-capital. Losses on the sale of treasury stock are charged to additional paid-in-capital to the extent of previous gains, otherwise charged to retained earnings. Stock Dividend On July 1, 2022, the Company paid a special stock dividend of four percent to shareholders of record at the close of business on June 15, 2022. For all periods presented, share information, including basic and diluted earnings per share, has been adjusted retroactively to reflect this change. CARES Act On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") was signed into law, which, in part, established a loan program administered through the U.S. Small Business Administration ("SBA"), referred to as the Paycheck Protection Program ("PPP"). Under the PPP, small businesses, sole proprietorships, independent contractors, non-profit organizations and self-employed individuals could apply for loans from existing SBA lenders and other approved regulated lenders that enroll in the program, subject to numerous limitations and eligibility criteria. The Company is a participating lender in the PPP program. All loans have a 1% interest rate and the Company earns a fee that is based upon a tiered schedule corresponding with the amount of the loan to the borrower, which is deferred and recognized over the life of the loan. Based upon the borrower meeting certain criteria as defined by the CARES Act, the loan may be forgiven by the SBA. The Company reports these loans at their principal amount outstanding, net of unearned income, unamortized deferred loan fee income and loan origination costs. Interest is accrued as earned and loan origination fees and direct costs are deferred and accreted or amortized into interest income, as an adjustment to the yield, over the life of the loan using the level yield method. When a PPP loan is paid off or forgiven by the SBA, the remaining unaccreted or unamortized net origination fees or costs are immediately recognized into income. Reclassifications Certain prior year information has been reclassified to conform to the 2022 presentation.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Loans and Allowance for Loan Losses	Loans and Allowance for Loan Losses Loans A summary of loans, by major class within the Company's loan portfolio, at December 31, 2022 and 2021 is as follows: (in thousands) 2022 2021 Commercial, financial, and agricultural (a) $ 244,549 $ 217,214 Real estate construction − residential 32,095 27,920 Real estate construction − commercial 137,235 91,369 Real estate mortgage − residential 361,025 279,346 Real estate mortgage − commercial 722,729 663,256 Installment and other consumer 23,619 23,028 Total loans held for investment $ 1,521,252 $ 1,302,133 (a) Includes $0.01 million and $8.4 million SBA PPP loans, net, respectively The Bank grants real estate, commercial, installment, and other consumer loans to customers located within the communities surrounding Jefferson City, Columbia, Clinton, Warsaw, Springfield, St. Louis, and the greater Kansas City metropolitan area. As such, the Bank is susceptible to changes in the economic environment in these communities. The Bank does not have a concentration of credit in any one economic sector. Installment and other consumer loans consist primarily of the financing of vehicles. At December 31, 2022, $681.8 million of loans were pledged to the FHLB as collateral for borrowings and letters of credit. The following is a summary of loans to directors and executive officers or to entities in which such individuals had a beneficial interest of the Company: (in thousands) Balance at December 31, 2021 $ 2,478 New loans 10,729 Amounts collected (3,792) Balance at December 31, 2022 $ 9,415 Such loans were made in the normal course of business on substantially the same terms, including interest rates and collateral requirements, as those prevailing at the same time for comparable transactions with other persons, and did not involve more than the normal risk of collectability or present unfavorable features. Allowance for Loan Losses The following table illustrates the changes in the allowance for loan losses by portfolio segment: (in thousands) Commercial, Real Estate Real Estate Real Estate Real Estate Installment Un- Total Balance at December 31, 2019 $ 2,918 $ 64 $ 369 $ 2,118 $ 6,547 $ 381 $ 80 $ 12,477 Additions: Provision for (release of) loan losses 2,241 85 106 568 2,838 35 (73) 5,800 Deductions: Loans charged off 207 — — 52 39 211 — 509 Less recoveries on loans (169) (64) — (45) (8) (59) — (345) Net loans charged off (recoveries) 38 (64) — 7 31 152 — 164 Balance at December 31, 2020 $ 5,121 $ 213 $ 475 $ 2,679 $ 9,354 $ 264 $ 7 $ 18,113 Additions: (Release of) provision for loan losses (2,431) (89) (362) (365) 1,348 145 54 (1,700) Deductions: Loans charged off 194 — — 22 43 229 — 488 Less recoveries on loans (221) (13) (475) (190) (3) (76) — (978) Net loans charged off (recoveries) (27) (13) (475) (168) 40 153 — (490) Balance at December 31, 2021 $ 2,717 $ 137 $ 588 $ 2,482 $ 10,662 $ 256 $ 61 $ 16,903 Additions: (Release of) provision for loan losses 97 20 265 802 (2,492) 303 105 (900) Deductions: Loans charged off 135 — — — 181 321 — 637 Less recoveries on loans (56) — (22) (45) (11) (88) — (222) Net loans charged off (recoveries) 79 — (22) (45) 170 233 — 415 Balance at December 31, 2022 $ 2,735 $ 157 $ 875 $ 3,329 $ 8,000 $ 326 $ 166 $ 15,588 Loans, or portions of loans, are charged off to the extent deemed uncollectible or a loss is confirmed. Loan charge-offs reduce the allowance for loan losses, and recoveries of loans previously charged off are added back to the allowance. If management determines that it is probable that all amounts due on a loan will not be collected under the original terms of the loan agreement, the loan is considered to be impaired. These loans are evaluated individually for impairment, and in conjunction with current economic conditions and loss experience, specific reserves are estimated as further discussed below. Loans not individually evaluated are aggregated by risk characteristics and reserves are recorded using a consistent methodology that considers historical loan loss experience by loan type, delinquencies, current economic conditions, loan risk ratings and industry concentration. These historical loss rates for each risk group are used as the starting point to determine loss rates for measurement purposes. The historical loan loss rates are multiplied by loss emergence periods, which represent the estimated time period between a borrower first experiencing financial difficulty and the recognition of a loss. Management's look-back period began with loss history in the first quarter 2012 as the starting point through the current quarter. The Company’s methodology includes qualitative risk factors that allow management to adjust its estimates of losses based on the most recent information available and to address other limitations in the quantitative component based on historical loss rates. Such risk factors are generally reviewed and updated quarterly, as appropriate, and are adjusted to reflect changes in national and local economic conditions and developments, the nature, volume and terms of loans in the portfolio, including changes in volume and severity of past due loans, the volume of non-accrual loans, and the volume and severity of adversely classified or graded loans, loan concentrations, assessment of trends in collateral values, assessment of changes in the quality of the Company’s internal loan review department, and changes in lending policies and procedures, including underwriting standards and collections, charge-off and recovery practices. The funding of $88.4 million and $47.5 million in SBA PPP loans during 2020 and 2021, respectively, required management to assess the methodology that would be adopted in regard to the allowance for loan losses applicable to these loans. Because the SBA PPP loans are expected to be mostly paid off within a year and carry a 100% credit guarantee from the SBA, management determined that no allowance for loan losses was deemed necessary for these loans. At December 31, 2022 and 2021, the balance of these loans totaled $0.01 million and $8.4 million, respectively. All SBA PPP loans have a 1% interest rate and the Company earns a fee based upon a tiered schedule corresponding with the amount of the loan to the borrower, which is deferred and recognized over the life of the loan. The PPP loan may be forgiven by the SBA if the borrower meets certain criteria as defined by the CARES Act. The Company reports these loans at their principal amount outstanding, net of unearned income, unamortized deferred loan fee income and loan origination costs. Interest is accrued as earned and loan origination fees and direct costs are deferred and accreted or amortized into interest income, as an adjustment to the yield, over the life of the loan using the level yield method. When a PPP loan is paid off or forgiven by the SBA, the remaining unaccreted or unamortized net origination fees or costs are immediately recognized into income. The following table illustrates the allowance for loan losses and recorded investment by portfolio segment: (in thousands) Commercial, Real Estate Real Estate Real Estate Real Estate Installment Un- Total December 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ 36 $ — $ 11 $ 148 $ 62 $ 1 $ — $ 258 Collectively evaluated for impairment 2,699 157 864 3,181 7,938 325 166 15,330 Total $ 2,735 $ 157 $ 875 $ 3,329 $ 8,000 $ 326 $ 166 $ 15,588 Loans outstanding: Individually evaluated for impairment $ 295 $ — $ 87 $ 1,863 $ 18,110 $ 6 $ — $ 20,361 Collectively evaluated for impairment 244,254 32,095 137,148 359,162 704,619 23,613 — 1,500,891 Total $ 244,549 $ 32,095 $ 137,235 $ 361,025 $ 722,729 $ 23,619 $ — $ 1,521,252 December 31, 2021 Allowance for loan losses: Individually evaluated for impairment $ 42 $ — $ 13 $ 166 $ 2,815 $ 8 $ — $ 3,044 Collectively evaluated for impairment 2,675 137 575 2,316 7,847 248 61 13,859 Total $ 2,717 $ 137 $ 588 $ 2,482 $ 10,662 $ 256 $ 61 $ 16,903 Loans outstanding: Individually evaluated for impairment $ 341 $ — $ 105 $ 2,391 $ 24,357 $ 60 $ — $ 27,254 Collectively evaluated for impairment 216,873 27,920 91,264 276,955 638,899 22,968 — 1,274,879 Total $ 217,214 $ 27,920 $ 91,369 $ 279,346 $ 663,256 $ 23,028 $ — $ 1,302,133 Impaired Loans Loans evaluated under ASC 310-10-35 include loans which are individually evaluated for impairment. All other loans are collectively evaluated for impairment under ASC 450-20. Impaired loans individually evaluated for impairment totaled $20.4 million and $27.3 million at December 31, 2022 and 2021, respectively, and are comprised of loans on non-accrual status and loans which have been classified as troubled debt restructurings (TDRs). The net carrying value of impaired loans is based on the fair values of collateral obtained through independent appraisals or internal evaluations, or by discounting the total expected future cash flows. At December 31, 2022, $17.7 million of impaired loans were evaluated based on the fair value less estimated selling costs of the loans' collateral, compared to $24.2 million at December 31, 2021. Once the impairment amount is calculated, a specific reserve allocation is recorded. At December 31, 2022, $0.3 million of the Company's allowance for loan losses was allocated to impaired loans totaling $20.4 million, compared to $3.0 million of the Company's allowance for loan losses allocated to impaired loans totaling approximately $27.3 million at December 31, 2021. Management determined that $17.7 million, or 87%, of total impaired loans required no reserve allocation at December 31, 2022 compared to $16.6 million, or 61%, at December 31, 2021, primarily due to adequate collateral values , acceptable payment history and adequate cash flow ability. The categories of impaired loans at December 31, 2022 and 2021 are as follows: (in thousands) 2022 2021 Non-accrual loans $ 18,700 $ 25,459 Performing TDRs 1,661 1,795 Total impaired loans $ 20,361 $ 27,254 The following tables provide additional information about impaired loans at December 31, 2022 and 2021, respectively, segregated between loans for which an allowance has been provided and loans for which no allowance has been provided. (in thousands) Recorded Unpaid Specific December 31, 2022 With no related allowance recorded: Real estate mortgage − commercial $ 17,664 $ 18,975 $ — Total $ 17,664 $ 18,975 $ — With an allowance recorded: Commercial, financial and agricultural $ 295 $ 330 $ 36 Real estate construction − commercial 87 127 11 Real estate mortgage − residential 1,863 2,080 148 Real estate mortgage − commercial 446 535 62 Installment and other consumer 6 6 1 Total $ 2,697 $ 3,078 $ 258 Total impaired loans $ 20,361 $ 22,053 $ 258 (in thousands) Recorded Investment Unpaid Principal Balance Specific Reserves December 31, 2021 With no related allowance recorded: Real estate mortgage − residential $ 1,034 $ 1,152 $ — Real estate mortgage − commercial 15,593 16,057 — Total $ 16,627 $ 17,209 $ — With an allowance recorded: Commercial, financial and agricultural $ 341 $ 374 $ 42 Real estate construction − commercial 105 138 13 Real estate mortgage − residential 1,357 1,730 166 Real estate mortgage − commercial 8,764 9,142 2,815 Installment and other consumer 60 61 8 Total $ 10,627 $ 11,445 $ 3,044 Total impaired loans $ 27,254 $ 28,654 $ 3,044 The following table presents, by class, information related to the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2022 and 2021: 2022 2021 (in thousands) Average Recorded Investment Interest Recognized For the Period Ended Average Recorded Investment Interest Recognized For the Period Ended With no related allowance recorded: Commercial, financial and agricultural $ — $ — $ 5,063 $ 35 Real estate mortgage − residential 1 1 1,142 38 Real estate mortgage − commercial 16,230 — 14,639 1 Installment and other consumer — — 19 — Total $ 16,231 $ 1 $ 20,863 $ 74 With an allowance recorded: Commercial, financial and agricultural $ 319 $ 10 $ 357 $ 21 Real estate construction − residential — — 47 — Real estate construction − commercial 93 97 131 — Real estate mortgage − residential 2,189 29 1,652 35 Real estate mortgage − commercial 428 1 8,974 31 Installment and other consumer 90 — 43 4 Total $ 3,119 $ 137 $ 11,204 $ 91 Total impaired loans $ 19,350 $ 138 $ 32,067 $ 165 The recorded investment varies from the unpaid principal balance primarily due to partial charge-offs taken as a result of current appraisals received. The amount recognized as interest income on impaired loans continuing to accrue interest, primarily related to troubled debt restructurings, was $0.14 million and $0.17 million, for the years ended December 31, 2022 and 2021, respectively. The average recorded investment in impaired loans is calculated on a monthly basis during the years reported. Delinquent and Non-Accrual Loans The delinquency status of loans is determined based on the contractual terms of the notes. Borrowers are generally classified as delinquent once payments become 30 days or more past due. The Company's policy is to discontinue the accrual of interest income on any loan when, in the opinion of management, the ultimate collectability of interest or principal is no longer probable. In general, loans are placed on non-accrual status when they become 90 days or more past due. However, management considers many factors before placing a loan on non-accrual status, including the delinquency status of the loan, the overall financial condition of the borrower, the progress of management's collection efforts and the value of the underlying collateral. Subsequent interest payments received on non-accrual loans are applied to principal if any doubt exists as to the collectability of such principal; otherwise, such receipts are recorded as interest income on a cash basis. Non-accrual loans are returned to accrual status when, in the opinion of management, the financial condition of the borrower indicates that timely collectability of interest and principal is probable and the borrower demonstrates the ability to pay under the terms of the note through a sustained period of repayment performance, which is generally six months. The following table provides aging information for the Company's past due and non-accrual loans at December 31, 2022 and 2021. (in thousands) Current or 30 - 89 Days 90 Days Non-Accrual Total December 31, 2022 Commercial, Financial, and Agricultural $ 244,392 $ 36 $ — $ 121 $ 244,549 Real estate construction − residential 32,095 — — — 32,095 Real estate construction − commercial 137,148 — — 87 137,235 Real estate mortgage − residential 359,672 668 — 685 361,025 Real estate mortgage − commercial 704,925 3 — 17,801 722,729 Installment and Other Consumer 23,506 106 1 6 23,619 Total $ 1,501,738 $ 813 $ 1 $ 18,700 $ 1,521,252 December 31, 2021 Commercial, Financial, and Agricultural $ 217,058 $ 3 $ — $ 153 $ 217,214 Real estate construction − residential 27,920 — — — 27,920 Real estate construction − commercial 91,264 — — 105 91,369 Real estate mortgage − residential 277,532 671 14 1,129 279,346 Real estate mortgage − commercial 638,982 245 — 24,029 663,256 Installment and Other Consumer 22,848 137 — 43 23,028 Total $ 1,275,604 $ 1,056 $ 14 $ 25,459 $ 1,302,133 Credit Quality The Company categorizes loans into risk categories based upon an internal rating system reflecting management’s risk assessment. Loans are placed on watch status when one or more weaknesses are identified that may result in the borrower being unable to meet repayment terms or when the Company’s credit position could deteriorate at some future date. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified may have one or more well-defined weaknesses that jeopardize the repayment of the debt. Such loans are characterized by the distinct possibility that the Company may sustain some loss if the deficiencies are not corrected. A loan is classified as a TDR when a borrower is experiencing financial difficulties that lead to the restructuring of a loan, and the Company grants concessions to the borrower in the restructuring that it would not otherwise consider. Loans classified as TDRs that are accruing interest are classified as performing TDRs. Loans classified as TDRs that are not accruing interest are classified as non-performing TDRs and are included with all other non-accrual loans for presentation purposes. It is the Company’s policy to discontinue the accrual of interest income on loans when management believes that the collection of interest or principal is doubtful. The following table presents the risk categories by class at December 31, 2022 and 2021. (in thousands) Commercial, Real Estate Real Estate Real Estate Real Estate Installment Total At December 31, 2022 Watch $ 7,411 $ — $ 2,677 $ 5,541 $ 48,041 $ — $ 63,670 Substandard 6,894 — 686 500 3,026 — 11,106 Performing TDRs 174 — — 1,178 309 — 1,661 Non-accrual loans 121 — 87 685 17,801 6 18,700 Total $ 14,600 $ — $ 3,450 $ 7,904 $ 69,177 $ 6 $ 95,137 At December 31, 2021 Watch $ 9,219 $ — $ 4,304 $ 12,185 $ 43,348 $ — $ 69,056 Substandard 6,284 — 2,673 750 2,305 — 12,012 Performing TDRs 188 — — 1,262 328 17 1,795 Non-accrual loans 153 — 105 1,129 24,029 43 25,459 Total $ 15,844 $ — $ 7,082 $ 15,326 $ 70,010 $ 60 $ 108,322 Troubled Debt Restructurings (TDRs) At December 31, 2022, loans classified as TDRs totaled $1.9 million, of which $0.2 million were classified as non-performing TDRs and $1.7 million were classified as performing TDRs. At December 31, 2021, loans classified as TDRs totaled $2.4 million, of which $0.6 million were classified as non-performing TDRs and $1.8 million were classified as performing TDRs. Both performing and nonperforming TDRs are considered impaired loans. When an individual loan is determined to be a TDR, the amount of impairment is based upon the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the underlying collateral less applicable selling costs. Accordingly, specific reserves of $0.2 million and $0.2 million related to TDRs were allocated to the allowance for loan losses at December 31, 2022 and 2021, respectively. The Company's portfolio of loans classified as TDRs include concessions for the borrower due to deteriorated financial condition, such as reducing interest rates below the current market rate, deferring principal payments, and extending maturity dates. During the year ended December 31, 2022 there were two loans totaling $0.05 million meeting the TDR criteria that were modified compared to no such loans during the year ended December 31, 2021. The Company considers a TDR to be in default when it becomes 90 days or more past due under the modified terms, a charge-off occurs, or it is in the process of foreclosure. There were no loans modified as a TDR, where a concession was made and the loan subsequently defaulted within 12 months of its modification date, during the years ended December 31, 2022 and 2021, respectively. Loans Held for Sale The Company designates certain long-term fixed rate personal real estate loans as held for sale. In the fourth quarter of 2021, the Company elected the fair value option for all newly originated long-term personal real estate loans held for sale. The loans are primarily sold to Freddie Mac, Fannie Mae, PennyMac, and other various secondary-market investors. At December 31, 2022, the carrying amount of these loans was $0.6 million compared to $2.2 million at December 31, 2021.

Other Real Estate Acquired in S

Other Real Estate Acquired in Settlement of Loans	12 Months Ended
	Dec. 31, 2022
Other Real Estate [Abstract]
Other Real Estate Acquired in Settlement of Loans	Other Real Estate Acquired in Settlement of Loans (in thousands) 2022 2021 Commercial $ — $ 643 Real estate construction - commercial 10,094 10,166 Real estate mortgage - residential 179 117 Real estate mortgage - commercial 1,186 2,510 Total $ 11,459 $ 13,436 Less valuation allowance for other real estate owned (2,664) (2,911) Total other real estate owned $ 8,795 $ 10,525 Changes in the net carrying amount of other real estate owned for the years indicated: Balance at December 31, 2020 $ 14,905 Additions 723 Proceeds from sales (1,551) Charge-offs against the valuation allowance for other real estate owned, net (668) Net gain on sales 27 Balance at December 31, 2021 $ 13,436 Additions 162 Proceeds from sales (2,176) Charge-offs against the valuation allowance for other real estate owned, net (218) Net gain on sales 255 Total other real estate owned $ 11,459 Less valuation allowance for other real estate owned (2,664) Balance at December 31, 2022 $ 8,795 At December 31, 2022, no consumer mortgage loans secured by residential real estate properties were in the process of foreclosure compared to $0.2 million of consumer mortgage loans in the process of foreclosure at December 31, 2021. Activity in the valuation allowance for other real estate owned in settlement of loans for the years indicated was as follows: (in thousands) 2022 2021 2020 Balance, beginning of period $ 2,911 $ 2,614 $ 2,956 (Release of) provision for other real estate owned (29) 965 5 Charge-offs (218) (668) (347) Balance, end of period $ 2,664 $ 2,911 $ 2,614

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost, gross unrealized gains and losses, and fair value of debt securities classified as available-for-sale at December 31, 2022 and 2021 were as follows: Total Gross Unrealized Fair ( in thousands) Gains Losses December 31, 2022 U.S. Treasury $ 2,198 $ — $ (46) $ 2,152 U.S. government and federal agency obligations 591 — (32) 559 U.S. government-sponsored enterprises 26,499 — (2,722) 23,777 Obligations of states and political subdivisions 134,994 — (25,554) 109,440 Mortgage-backed securities 119,556 7 (16,864) 102,699 Other debt securities (a) 11,825 — (882) 10,943 Bank issued trust preferred securities (a) 1,486 — (309) 1,177 Total available-for-sale securities $ 297,149 $ 7 $ (46,409) $ 250,747 December 31, 2021 U.S. Treasury $ 3,909 $ 11 $ (3) $ 3,917 U.S. government and federal agency obligations 1,314 5 — 1,319 U.S. government-sponsored enterprises 26,498 70 (196) 26,372 Obligations of states and political subdivisions 128,093 1,605 (474) 129,224 Mortgage-backed securities 137,286 791 (1,611) 136,466 Other debt securities (a) 11,825 482 (23) 12,284 Bank issued trust preferred securities (a) 1,486 — (198) 1,288 Total available-for-sale securities $ 310,411 $ 2,964 $ (2,505) $ 310,870 (a) Certain hybrid instruments possessing characteristics typically associated with debt obligations. The Company's investment securities are classified as available-for-sale. Agency bonds and notes, SBA-guaranteed loan certificates, residential and commercial agency mortgage-backed securities, and agency collateralized mortgage obligations include securities issued by the Government National Mortgage Association, a U.S. government agency, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and the FHLB, which are U.S. government-sponsored enterprises. Debt securities with carrying values aggregating approximately $111.6 million and $275.4 million at December 31, 2022 and December 31, 2021, respectively, were pledged to secure public funds, were sold under agreements to repurchase, or were sold for other purposes as required or permitted by law. The amortized cost and fair value of debt securities classified as available-for-sale at December 31, 2022, by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties. ( in thousands) Amortized Fair Due in one year or less $ 9,526 $ 9,289 Due after one year through five years 17,261 16,103 Due after five years through ten years 30,236 26,999 Due after ten years 120,570 95,657 Total 177,593 148,048 Mortgage-backed securities 119,556 102,699 Total available-for-sale securities $ 297,149 $ 250,747 Other Investment Securities Other investment securities include equity securities with readily determinable fair values and other investment securities that do not have readily determinable fair values. Investments in FHLB stock and MIB stock, that do not have readily determinable fair values, are required for membership in those organizations. (in thousands) 2022 2021 Other securities: FHLB stock $ 6,156 $ 5,197 MIB stock 151 151 Equity securities with readily determinable fair values 46 60 Total other investment securities $ 6,353 $ 5,408 Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2022 and December 31, 2021 were as follows: Less than 12 months 12 months or more Total Total (in thousands) Fair Unrealized Fair Unrealized At December 31, 2022 U.S. Treasury $ 1,908 $ (41) $ 244 $ (5) $ 2,152 $ (46) U.S. government and federal agency obligations 559 (32) — — 559 (32) U.S. government-sponsored enterprises 7,066 (933) 16,711 (1,789) 23,777 (2,722) Obligations of states and political subdivisions 79,396 (15,421) 29,370 (10,133) 108,766 (25,554) Mortgage-backed securities 33,334 (3,124) 68,911 (13,740) 102,245 (16,864) Other debt securities 7,557 (443) 3,386 (439) 10,943 (882) Bank issued trust preferred securities — — 1,177 (309) 1,177 (309) Total $ 129,820 $ (19,994) $ 119,799 $ (26,415) $ 249,619 $ (46,409) At December 31, 2021 U.S. Treasury $ 1,758 $ (3) $ — $ — $ 1,758 $ (3) U.S. government-sponsored enterprises 18,304 (196) — — 18,304 (196) Obligations of states and political subdivisions 39,221 (474) — — 39,221 (474) Mortgage-backed securities 89,520 (1,579) 1,864 (32) 91,384 (1,611) Other debt securities 3,802 (23) — — 3,802 (23) Bank-issued trust preferred securities — — 1,288 (198) 1,288 (198) Total $ 152,605 $ (2,275) $ 3,152 $ (230) $ 155,757 $ (2,505) The total available-for-sale portfolio consisted of approximately 439 securities at December 31, 2022. The portfolio included 436 securities having an aggregate fair value of $249.6 million that were in a loss position at December 31, 2022. Securities identified as temporarily impaired which had been in a loss position for 12 months or longer totaled $119.8 million at fair value at December 31, 2022. The $46.4 million aggregate unrealized loss included in accumulated other comprehensive income at December 31, 2022 was caused by interest rate fluctuations . The total available-for-sale portfolio consisted of approximately 435 securities at December 31, 2021. The portfolio included 134 securities having an aggregate fair value of $155.8 million that were in a loss position at December 31, 2021. Securities identified as temporarily impaired which had been in a loss position for 12 months or longer had a fair value of $3.2 million at December 31, 2021. The $2.5 million aggregate unrealized loss included in accumulated other comprehensive income at December 31, 2021 was caused by interest rate fluctuations. Because the decline in fair value is attributable to changes in interest rates and not credit quality, these investments were not considered other-than-temporarily impaired at December 31, 2022 and 2021, respectively. In the absence of changes in credit quality of these investments, the fair value is expected to recover on all debt securities as they approach their maturity date, or re-pricing date or if market yields for such investments decline. In addition, the Company does not have the intent to sell these investments over the period of recovery, and it is not more likely than not that the Company will be required to sell such investment securities. The following table presents the gross unrealized gains and losses from sales and calls of available-for-sale securities, as well as gains and losses on equity securities from fair value adjustments which have been recognized in earnings: (in thousands) 2022 2021 2020 Available-for-sale securities: Gains realized on sales $ — $ 122 $ 49 Losses realized on sales — — (8) Other-than-temporary impairment recognized — — — Other investment securities: Fair value adjustments, net (14) 27 20 Investment securities gains (losses), net $ (14) $ 149 $ 61

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment A summary of premises and equipment at December 31, 2022 and 2021 is as follows: (in thousands) 2022 2021 Land and land improvements $ 9,576 $ 9,481 Buildings and improvements 35,330 35,688 Furniture and equipment 13,245 13,183 Operating leases - right of use asset 2,539 2,538 Construction in progress 1,475 82 Total $ 62,165 $ 60,972 Less accumulated depreciation 29,309 28,253 Premises and equipment, net $ 32,856 $ 32,719 Depreciation expense for the years ended December 31, 2022, 2021, and 2020 was as follows: (in thousands) 2022 2021 2020 Depreciation expense $ 2,141 $ 2,283 $ 2,265

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Mortgage Servicing Rights At December 31, 2022 the Company was servicing $240.5 million of loans sold to the secondary market compared to $270.0 million and $292.7 million at December 31, 2021 and 2020, respectively. Mortgage loan servicing fees, reported in real estate servicing fees, net, earned on loans sold and serviced for others were $0.8 million, $0.8 million, and $0.9 million for the years ended December 31, 2022, 2021, and 2020, respectively. The table below presents changes in mortgage servicing rights for the years ended December 31, 2022, 2021, and 2020. (in thousands) 2022 2021 2020 Balance at beginning of period $ 2,659 $ 2,445 $ 2,482 Originated mortgage servicing rights 64 400 866 Changes in fair value: Due to changes in model inputs and assumptions (1) 479 258 (422) Other changes in fair value (2) (303) (444) (481) Total changes in fair value 176 (186) (903) Balance at end of period $ 2,899 $ 2,659 $ 2,445 (1) The change in fair value resulting from changes in valuation inputs or assumptions used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates. (2) Other changes in fair value reflect changes due to customer payments and passage of time. Total changes in fair value are reported in real estate servicing fees, net, reported in non-interest income in the Company's consolidated statements of income. The following key data and assumptions were used in estimating the fair value of the Company's mortgage servicing rights as of December 31, 2022 and 2021: 2022 2021 Weighted average constant prepayment rate 6.61 % 10.65 % Weighted average note rate 3.43 % 3.37 % Weighted average discount rate 11.25 % 8.00 % Weighted average expected life (in years) 7.2 6.1

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Deposits	Deposits The aggregate amount of time deposits with balances that met or exceeded the FDIC insurance limit of $250,000 was $94.9 million and $69.1 million at December 31, 2022 and 2021, respectively. The Company had brokered deposits totaling $40.1 million and $20.2 million at December 31, 2022 and 2021, respectively. The scheduled maturities of total time deposits at December 31, 2022 were as follows: (in thousands) Due within: 2023 $ 182,953 2024 58,224 2025 5,998 2026 1,842 2027 6,017 Thereafter — Total $ 255,034

Federal Funds Purchased and Sec

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	12 Months Ended
	Dec. 31, 2022
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract]
Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	Federal Funds Purchased and Securities Sold Under Agreements to Repurchase Information relating to federal funds purchased and repurchase agreements is as follows: (in thousands) Year End Average Average Maximum Balance at December 31, 2022 Federal funds purchased 4.71 % 3.82 % $ 32 $ — $ — Short-term repurchase agreements - Bank 1.47 0.63 7,950 22,048 5,187 Total $ 7,982 $ 22,048 $ 5,187 2021 Federal funds purchased 0.43 % 0.34 % $ 1 $ — $ — Short-term repurchase agreements - Bank 0.27 0.25 34,448 55,942 23,829 Total $ 34,449 $ 55,942 $ 23,829 The securities underlying the agreements to repurchase are under the control of the Bank. All securities sold under agreements to repurchase are secured by a portion of the Bank's investment portfolio. Under agreements with unaffiliated banks, the Bank may borrow federal funds up to $60.0 million on an unsecured basis and $8.1 million on a secured basis at December 31, 2022. The Company offers a sweep account program whereby amounts in excess of an established limit are “swept” from the customer's demand deposit account on a daily basis into retail repurchase agreements pursuant to individual repurchase agreements between the Company and its customers . Repurchase agreements are agreements to sell securities subject to an obligation to repurchase the same or similar securities. They are accounted for as collateralized financing transactions, not as sales and purchases of the securities portfolio. The securities collateral pledged for the repurchase agreements with customers is maintained by a designated third party custodian . The collateral amounts pledged to repurchase agreements by remaining maturity in the table below are limited to the outstanding balances of the related asset or liability; thus amounts of excess collateral are not shown. Repurchase Agreements Remaining Contractual Maturity of the Agreements (in thousands) Overnight Less Greater Total At December 31, 2022 U.S. government-sponsored enterprises $ 5,187 $ — $ — $ 5,187 Total $ 5,187 $ — $ — $ 5,187 At December 31, 2021 U.S. government-sponsored enterprises $ 9,113 $ — $ — $ 9,113 Mortgage-backed securities 14,716 — — 14,716 Total $ 23,829 $ — $ — $ 23,829

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases The Company's leases primarily consist of office space and bank branches with remaining lease terms of generally 1 to 10 years. As of December 31, 2022, operating right-of-use ("ROU") assets and liabilities were $1.5 million and $1.5 million, respectively. As of December 31, 2022, the weighted-average remaining lease term on these operating leases is approximately 5.7 years and the weighted-average discount rate used to measure the lease liabilities is approximately 4.0%. Operating leases in which the Company is the lessee are recorded as operating lease right-of-use assets and operating lease liabilities. Currently, the Company does not have any finance leases. The ROU assets are included in premises and equipment, net Operating lease ROU assets represent the Company's right to use an underlying asset during the lease term and operating lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company's incremental borrowing rate at the lease commencement date. Operating lease cost, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term, and is recorded in net occupancy expense in the consolidated statements of income. The operating lease cost was $0.4 million and $0.4 million for the years ended December 31, 2022 and 2021, respectively. At the adoption of ASU 2016-02 on January 1, 2019, lease and non-lease components of new lease agreements are accounted for separately. Lease components include fixed payments including rent, real estate taxes and insurance costs and non-lease components include common-area maintenance costs. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Operating lease expense for these leases was $0.1 million for the year ended December 31, 2022 compared to $0.1 million for the year ended December 31, 2021. The table below summarizes the maturity of remaining operating lease liabilities: Lease payments due in: Operating (in thousands) 2023 $ 367 2024 258 2025 257 2026 259 2027 262 Thereafter 309 Total lease payments 1,712 Less imputed interest (179) Total lease liabilities, as reported $ 1,533

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowings	Borrowings FHLB and other borrowings of the Company consisted of the following: 2022 2021 (in thousands) Borrower Maturity Year End Year End Year End Year End FHLB advances The Bank 2022 $ — — % $ 9,418 1.33 % 2023 21,000 2.64 % 11,000 1.05 % 2024 16,000 2.30 % 11,000 1.17 % 2025 20,000 1.99 % 15,000 1.17 % 2026 13,000 1.09 % 13,000 1.09 % 2027 17,500 3.28 % 7,500 2.05 % Thereafter 10,500 1.61 % 10,500 1.61 % Total Bank $ 98,000 $ 77,418 Subordinated notes The Company 2034 $ 25,774 7.44 % $ 25,774 2.92 % 2035 23,712 6.57 % 23,712 2.05 % Total Company $ 49,486 $ 49,486 As a member of the FHLB, the Bank has access to term financing from the FHLB. These borrowings, which are all fixed-rate, are secured under a blanket agreement which assigns all investment in FHLB stock, as well as qualifying first mortgage loans, as collateral to secure amounts borrowed by the Bank. As of December 31, 2022, the Bank had $98.0 million in outstanding borrowings with the FHLB. Based upon the collateral pledged to the FHLB at December 31, 2022, the Bank could borrow up to an additional $209.9 million under the agreement. On March 17, 2005, Exchange Statutory Trust II, a business trust and subsidiary of the Company, issued $23.0 million of 30-year floating-rate Trust Preferred Securities ("TPS") to a TPS Pool. The floating rate is equal to the three-month LIBOR rate plus 1.83% and reprices quarterly (6.57% at December 31, 2022). The TPS can be prepaid without penalty at any time after five years from the issuance date. The TPS represent preferred interests in the trust. The Company invested approximately $0.7 million in common interests in the trust and the purchaser in the private placement purchased $23.0 million in preferred interests. The proceeds were used by the trust to purchase from the Company its 30-year subordinated debentures whose terms mirror those stated above for the TPS. The debentures are guaranteed by the Company pursuant to a subordinated guarantee. Distributions on the TPS are payable quarterly on March 17, June 17, September 17, and December 17 of each year that the TPS are outstanding. The trustee for the TPS holders is U.S. Bank, N.A. The trustee does not have the power to take enforcement action in the event of a default under the TPS for five years from the date of default. In the event of default, however, the Company would be precluded from paying dividends until the default is cured. On March 17, 2004, Exchange Statutory Trust I, a business trust and subsidiary of the Company (together with Exchange Statutory Trust II, the "Exchange Statutory Trusts"), issued $25.0 million of floating rate TPS to a TPS Pool. The floating rate is equal to the three-month LIBOR rate plus 2.70% and reprices quarterly (7.44% at December 31, 2022). The TPS are fully, irrevocably, and unconditionally guaranteed on a subordinated basis by the Company. The TPS represent preferred interests in the trust. The Company invested approximately $0.8 million in common interests in the trust and the purchaser in the private placement purchased $25.0 million in preferred interests. The proceeds of the TPS were invested in junior subordinated debentures of the Company. Distributions on the TPS are payable quarterly on March 17, June 17, September 17, and December 17 of each year that the TPS are outstanding. The TPS mature on March 17, 2034. That maturity date may be shortened if certain conditions are met.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The composition of income tax expense for the years ended December 31, 2022, 2021, and 2020 was as follows: (in thousands) 2022 2021 2020 Current: Federal $ 4,591 $ 5,351 $ 4,268 State (134) 630 — Total current 4,457 5,981 4,268 Deferred: Federal (119) (284) (1,085) State — — — Total deferred (119) (284) (1,085) Total income tax expense $ 4,338 $ 5,697 $ 3,183 Applicable income tax expense for financial reporting purposes differs from the amount computed by applying the statutory federal income tax rate for the reasons noted in the table for the years ended December 31, 2022, 2021, and 2020 are as follows: 2022 2021 2020 (in thousands) Amount % Amount % Amount % Income before provision for income tax expense $ 25,089 $ 28,214 $ 17,476 Tax at statutory federal income tax rate $ 5,269 21.00 % $ 5,925 21.00 % $ 3,670 21.00 % Tax-exempt income, net (821) (3.27) (733) (2.60) (487) (2.79) State income tax, net of federal tax benefit (106) (0.42) 498 1.76 — — Other, net (4) (0.02) 7 0.03 — — Provision for income tax expense $ 4,338 17.29 % $ 5,697 20.19 % $ 3,183 18.21 % Income taxes as a percentage of earnings before income taxes as reported in the consolidated financial statements were 17.3% for the year ended December 31, 2022 compared to 20.2% and 18.2% for the years ended December 31, 2021 and 2020, respectively. The effective tax rate for each of the years ended December 31, 2022, 2021, and 2020, respectively, is lower than the U.S. federal statutory rate of 21% primarily due to tax-free revenues. Also included in the effective tax rate is a $0.1 million benefit and a $0.03 million benefit associated with a historic tax credit investment for the years ended December 31, 2022 and 2021, respectively. The investment is expected to generate a $0.3 million tax benefit over the life of the project and is being recognized under the deferral method of accounting. During 2021, the Company recognized a $4.0 million current tax benefit associated with the historic tax credits, partially offset by a $3.7 million current tax expense associated with the write-off of the investment. The components of deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 were as follows: (in thousands) 2022 2021 Deferred tax assets: Allowance for loan losses $ 3,267 $ 2,961 Securities 9,714 — Pension — 262 Other real estate owned 559 611 Deferred loan fees 462 401 Lease liability 322 386 Intangible assets 18 20 Accrued / deferred compensation 668 581 Other 420 392 Total deferred tax assets $ 15,430 $ 5,614 Deferred tax liabilities: Premises and equipment $ 427 $ 428 Mortgage servicing rights 609 558 Deferred loan costs 422 327 Pension 378 — Right-of-use asset 313 378 Prepaid expenses 456 409 Securities — 117 Other 9 5 Total deferred tax liabilities 2,614 2,222 Net deferred tax assets $ 12,816 $ 3,392 The $9.7 million deferred tax asset associated with the unrealized losses on securities is mainly a result of changes in interest rates, and the unrealized losses are considered to be temporary because the fair value is expected to recover as the securities approach their respective maturity dates. The issuers of the securities are of high-credit quality and all principal amounts are expected to be paid when the securities mature. The Company does not intend to sell, and it is likely that the Company will not be required to sell, the securities prior to their anticipated recovery. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income of the appropriate character during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning initiatives in making this assessment. In management's opinion, the Company will more likely than not realize the benefits of its deferred tax assets and, therefore, has not established a valuation allowance against its deferred tax assets as of December 31, 2022. Management arrived at this conclusion based upon the level of historical taxable income and projections for future taxable income of the appropriate character over the periods in which the deferred tax assets are deductible. The Company follows ASC Topic 740, Income Taxes, which addresses the accounting for uncertain tax positions . For each of the years ended December 31, 2022 and 2021, respectively, the Company did not have any uncertain tax provisions, and did not record any related tax liabilities.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Accumulated Other Comprehensive Income (Loss) The following table summarizes the change in the components of the Company's accumulated other comprehensive loss for the years ended December 31, as indicated. (in thousands) Unrealized Unrecognized Net Accumulated Balance, December 31, 2020 $ 3,353 $ (1,825) $ 1,528 Other comprehensive income (loss), before reclassifications (3,690) 367 (3,323) Amounts reclassified from accumulated other comprehensive income (loss) (96) 5,653 5,557 Other comprehensive income (loss), before tax (3,786) 6,020 2,234 Income tax (expense) benefit 795 (1,264) (469) Other comprehensive income (loss), net of tax (2,991) 4,756 1,765 Balance, December 31, 2021 $ 362 $ 2,931 $ 3,293 Other comprehensive income (loss), before reclassifications (46,860) — (46,860) Amounts reclassified from accumulated other comprehensive income (loss) — 2,547 2,547 Other comprehensive income (loss), before tax (46,860) 2,547 (44,313) Income tax (expense) benefit 9,841 (535) 9,306 Other comprehensive income (loss), net of tax (37,019) 2,012 (35,007) Balance, December 31, 2022 $ (36,657) $ 4,943 $ (31,714) (1) The pre-tax amounts reclassified from accumulated other comprehensive income (loss) income are included in gains (losses) on sale of investment securities in the consolidated statements of income. (2) The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 13.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Employee benefits charged to operating expenses are summarized in the table below for the years ended December 31, 2022, 2021, and 2020 are as follows: (in thousands) 2022 2021 2020 Payroll taxes $ 1,443 $ 1,403 $ 1,273 Medical plans 1,771 1,860 1,854 401(k) match and profit sharing 1,573 1,829 1,586 Periodic pension cost 1,608 1,796 1,614 Other 50 52 59 Total employee benefits $ 6,445 $ 6,940 $ 6,386 The Company's profit-sharing plan includes a matching 401(k) portion, in which the Company matches the first three percent of eligible employee contributions. The Company made annual contributions for the discretionary portion in an amount up to six percent of income before income taxes and before contributions to the profit-sharing and pension plans for all participants, limited to the maximum amount deductible for federal income tax purposes, for each of the years shown. In addition, employees were able to make additional tax-deferred contributions. Other Plans On November 7, 2018, the Board of Directors of the Company adopted a supplemental executive retirement plan ("SERP"), effective on January 1, 2018. The SERP provides select employees who satisfy certain eligibility requirements with certain benefits upon retirement, termination of employment or death. As of December 31, 2022, the accrued liability was $1.7 million and the expense for this plan was $0.4 million and $0.4 million for the years ended December 31, 2022 and 2021, respectively, is recognized over the required service period. Pension The Company provides a noncontributory-defined benefit pension plan for all full-time and eligible employees. Beginning January 1, 2018 and for all retrospective periods presented, the Company adopted the guidance under ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . Under the new guidance, only the service cost component of the net periodic benefit cost is reported in the same income statement line item as salaries and benefits, and the remaining components are reported as other non-interest expense. An employer is required to recognize the funded status of a defined benefit postretirement plan as an asset or liability in its balance sheet and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. Under the Company’s funding policy for the defined benefit pension plan, contributions are made to a trust as necessary to provide for current service and for any unfunded accrued actuarial liabilities over a reasonable period. To the extent that these requirements are fully covered by assets in the trust, a contribution might not be made in a particular year. The Company made a pension contribution of $1.0 million on April 1, 2022. Effective July 1, 2017, the Company amended the pension plan to effectuate a “soft freeze” such that any individual hired (or rehired in the case of a former employee) by the Company after September 30, 2017, whether or not such individual is or was a vested member in the plan, will not be eligible to be an active member and will not be entitled to accrue any benefits under the plan. Obligations and Funded Status at December 31, 2022 and December 31, 2021 consist of the following: (in thousands) 2022 2021 Change in projected benefit obligation: Balance, January 1 $ 38,661 $ 36,957 Service cost 1,491 1,692 Interest cost 1,174 1,072 Actuarial loss (11,301) (232) Benefits paid (894) (828) Balance, December 31, $ 29,131 $ 38,661 Change in plan assets: Fair value, January 1 $ 37,416 $ 30,084 Actual return on plan assets (6,475) 7,278 Employer contribution 1,000 1,000 Expenses paid (115) (118) Benefits paid (894) (828) Fair value, December 31, $ 30,932 $ 37,416 Funded status at end of year $ 1,801 $ (1,245) Accumulated benefit obligation $ 24,265 $ 30,690 Amounts recognized in the statement of financial position consist of the following: (in thousands) 2022 2021 Non-current assets $ 1,801 $ — Current liabilities — — Non-current liabilities — (1,245) Net asset (liability) at end of year $ 1,801 $ (1,245) Components of Net Pension Cost and Other Amounts Recognized in Accumulated Other Comprehensive Income The following items are components of net pension cost for the years ended December 31, 2022, 2021, and 2020 are as follows: (in thousands) 2022 2021 2020 Service cost - benefits earned during the year $ 1,491 $ 1,692 $ 1,614 Interest costs on projected benefit obligations (a) 1,174 1,072 1,127 Expected return on plan assets (a) (2,282) (1,843) (1,598) Expected administrative expenses (a) 118 104 110 Amortization of prior service cost (a) — — 50 Amortization of unrecognized net loss (a) — 367 164 Net periodic pension cost $ 501 $ 1,392 $ 1,467 (a) The components of net periodic pension cost other than the service cost component are included in other non-interest expense. Net periodic pension benefit costs include interest costs based on an assumed discount rate, the expected return on plan assets based on actuarially derived market-related values, and the amortization of net actuarial losses. Net periodic postretirement benefit costs include service costs, interest costs based on an assumed discount rate, and the amortization of prior service credits and net actuarial gains. Differences between expected and actual results in each year are included in the net actuarial gain or loss amount, which is recognized in other comprehensive income. The net actuarial gain or loss in excess of a 10% corridor is amortized in net periodic benefit cost over the average remaining service period of active participants in the Plans. The prior service credit is amortized over the average remaining service period to full eligibility for participating employees expected to receive benefits. Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive (loss) income at December 31, 2022 and 2021 are shown below, including amounts recognized in other comprehensive income during the periods. All amounts are shown on a pre-tax basis. (in thousands) 2022 2021 Prior service costs $ — $ — Net accumulated actuarial net loss 6,256 3,710 Accumulated other comprehensive loss 6,256 3,710 Net periodic benefit cost in excess of cumulative employer contributions (4,455) (4,955) Net amount recognized at December 31, balance sheet $ 1,801 $ (1,245) Net actuarial gain (loss) arising during period $ 2,547 $ 5,653 Prior service cost amortization — — Amortization of net actuarial loss — 367 Total recognized in other comprehensive income (loss) $ 2,547 $ 6,020 Total recognized in net periodic pension cost and other comprehensive (loss) income $ (2,046) $ (4,628) The 2022 actuarial gain was primarily driven by the increase in the year-over-year discount rates, which resulted in a gain for the plan. The 2021 actuarial gain was primarily the result of the actual return on assets exceeding the expected asset return and updated assumptions. Assumptions utilized to determine benefit obligations as of December 31, 2022, 2021, and 2020 and to determine pension expense for the years then ended are as follows: 2022 2021 2020 Determination of benefit obligation at year end: Discount rate 5.10 % 3.10 % 2.80 % Annual rate of compensation increase 4.50 % 4.50 % 4.50 % Determination of pension expense for year ended: Discount rate for the service cost 3.10 % 2.80 % 3.45 % Annual rate of compensation increase 4.50 % 4.50 % 4.00 % Expected long-term rate of return on plan assets 6.75 % 6.75 % 6.75 % The assumed overall expected long-term rate of return on pension plan assets used in calculating 2022 pension expense was 6.75%. Determination of the plan's rate of return is based upon historical returns for equities and fixed income indexes. During the past five years, the Company's plan assets have experienced the following annual returns: (in thousands) 2022 2021 2020 2019 2018 Plan Assets: Actual rate of return (17.0)% 22.1% 19.7% 25.8% (6.2)% The rate used in plan calculations may be adjusted by management for current trends in the economic environment. With a traditional investment mix of over half of the plan's investments in equities, the actual return for any one plan year may fluctuate significantly with changes in the stock market. Primarily due to a decrease in the discount rate used in the actuarial calculation of plan income, the Company expects to incur $0.2 million of income in 2023 compared to $0.5 million of expense in 2022. Plan Assets The investment policy of the pension plan is designed for growth in value while minimizing risk to the overall portfolio. The Company diversifies the assets through investments in domestic fixed income securities and domestic and international equity securities. The assets are readily marketable and can be sold to fund benefit payment obligations as they become payable. The Company regularly reviews its policies on the investment mix and may make changes depending on economic conditions and perceived investment mix. The fair value of the Company's pension plan assets at December 31, 2022 and 2021 by asset category was as follows: Fair Value Measurements (in thousands) Fair Value Quoted Prices Other Significant December 31, 2022 Cash equivalents $ 1,772 $ 1,772 $ — $ — U.S government agency obligations 491 — 491 — Equity securities 1,518 1,518 — — Mutual funds 27,151 27,151 — — Total $ 30,932 $ 30,441 $ 491 $ — December 31, 2021 Cash equivalents $ 1,449 $ 1,449 $ — $ — Corporate bonds 303 — 303 — Equity securities 1,774 1,774 — — Mutual funds 33,890 33,890 — — Total $ 37,416 $ 37,113 $ 303 $ — The following future benefit payments are expected to be paid: Year Pension (in thousands) 2023 $ 1,037 2024 1,038 2025 1,104 2026 1,190 2027 1,340 2028 to 2032 8,873

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Stock Dividend On July 1, 2022, the Company paid a stock dividend of four percent to common shareholders of record at the close of business on June 15, 2022. For all periods presented, share information, including basic and diluted earnings per share, has been adjusted retroactively to reflect this change. Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the year. Diluted earnings per share gives effect to all dilutive potential common shares that were outstanding during the year. Presented below is a summary of the components used to calculate basic and diluted earnings per common share, which have been restated for all stock dividends. (dollars in thousands, except per share data) 2022 2021 2020 Net income available to shareholders $ 20,751 $ 22,517 $ 14,293 Average shares outstanding 6,792,312 6,877,402 7,004,629 Basic earnings per share $ 3.06 $ 3.27 $ 2.04 Diluted earnings per share $ 3.06 $ 3.27 $ 2.04 Repurchase Program The Company's 2019 Repurchase Plan was amended during the second quarter of 2021 to authorize the purchase of up to $5.0 million in market value of the Company's common stock. Management was given discretion to determine the number and pricing of the shares to be purchased, as well as the timing of any such purchases. The Company repurchased 108,724 common shares under the plan during the year ended December 31, 2022, at an average cost of $26.60 per share totaling $2.9 million. As of December 31, 2022, $2.1 million remained for share repurchase pursuant to that authorization.

Capital Requirements

Capital Requirements	12 Months Ended
	Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Capital Requirements	Capital Requirements The Company and the Bank are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification of the Company and the Bank are subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. The Basel III regulatory capital reforms adopted by U.S. federal regulatory authorities (the "Basel III Capital Rules"), among other things, (i) establish the capital measure called "Common Equity Tier 1" ("CET1"), (ii) specify that Tier 1 capital consists of CET1 and "Additional Tier 1 Capital" instruments meeting stated requirements, (iii) require that most deductions/adjustments to regulatory capital measures be made to CET1 and not to other components of capital and (iv) define the scope of the deductions/adjustments to the capital measures. Additionally, the Basel III Capital Rules require that the Company maintain a 2.50% capital conservation buffer with respect to each of CET1, Tier 1 and total capital to risk-weighted assets, which provides for capital levels that exceed the minimum risk-based capital adequacy requirements. A financial institution with a conservation buffer of less than the required amount is subject to limitations on capital distributions, including dividend payments and stock repurchases, and certain discretionary bonus payments to executive officers. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of CET1, Tier 1 and total capital to risk-weighted assets, and of Tier 1 capital to average assets, each as defined in the regulations. Management believes, as of December 31, 2022, that the Company and the Bank meet all capital adequacy requirements to which they are subject. Financial institutions are categorized as well capitalized or adequately capitalized, based on minimum total risk-based, Tier 1 risk-based, CET1 and Tier 1 leverage ratios. As shown in the table below, the Company’s capital ratios exceeded the regulatory definition of adequately capitalized as of December 31, 2022 and 2021. Based upon the information in its most recently filed call report, the Bank met the capital ratios necessary to be well-capitalized. The regulatory authorities can apply changes in classification of assets and such changes may retroactively subject the Company to changes in capital ratios. Any such change could reduce one or more capital ratios below well-capitalized status. In addition, a change may result in imposition of additional assessments by the FDIC or could result in regulatory actions that could have a material effect on our condition and results of operations. In addition, bank holding companies generally are required to maintain a Tier 1 leverage ratio of at least 4%. Because the Bank had less than $15 billion in total consolidated assets as of December 31, 2009, the Company is allowed to continue classifying its trust preferred securities, all of which were issued prior to May 19, 2010, as Tier 1 capital. Under the Basel III Capital Rules, at December 31, 2022 and December 31, 2021, the Company met all capital adequacy requirements and had regulatory capital ratios in excess of the levels established for well-capitalized institutions, as shown in the following table as of years indicated: Actual Minimum Capital Required to be (in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2022 Total Capital (to risk-weighted assets): Company $ 222,873 13.85 % $ 169,025 10.50 % $ — N.A% Bank 221,066 13.78 % 168,431 10.50 % 160,410 10.00 % Tier 1 Capital (to risk-weighted assets): Company $ 201,595 12.52 % $ 136,830 8.50 % $ — N.A% Bank 205,318 12.80 % 136,349 8.50 % 128,328 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets): Company $ 159,125 9.89 % $ 112,684 7.00 % $ — N.A% Bank 205,318 12.80 % 112,287 7.00 % 104,267 6.50 % Tier 1 leverage ratio (to adjusted average assets): Company $ 201,595 10.76 % $ 74,936 4.00 % $ — N.A% Bank 205,318 10.85 % 75,678 4.00 % 94,598 5.00 % December 31, 2021 Total Capital (to risk-weighted assets): Company $ 210,726 14.79 % $ 149,640 10.50 % $ — N.A% Bank 210,148 14.78 % 149,339 10.50 % 142,228 10.00 % Tier 1 Capital (to risk-weighted assets): Company $ 193,663 13.59 % $ 121,137 8.50 % $ — N.A% Bank 193,085 13.58 % 120,894 8.50 % 113,782 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Company $ 145,663 10.22 % $ 99,760 7.00 % $ — N.A% Bank 193,085 13.58 % 99,559 7.00 % 92,448 6.50 % Tier 1 leverage ratio: Company $ 193,663 11.01 % $ 70,342 4.00 % $ — N.A% Bank 193,085 11.04 % 69,959 4.00 % 87,449 5.00 %

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value represents the amount expected to be received to sell an asset or paid to transfer a liability in its principal or most advantageous market in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation methodologies and assumptions to estimate fair value. The measurement of fair value under GAAP uses a hierarchy intended to maximize the use of observable inputs and minimize the use of unobservable inputs. This hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows. During the year ended December 31, 2022 there were no transfers into or out of Levels 1-3. The fair value hierarchy uses three levels of inputs to measure the fair value of assets and liabilities as follows: Level 1 – Inputs are unadjusted quoted prices for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and is used to measure fair value whenever available. A contractually binding sales price also provides reliable evidence of fair value. Level 2 – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets and liabilities in active markets, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 – Inputs are unobservable inputs for the asset or liability and significant to the fair value. These may be internally developed using the Company's best information and assumptions that a market participant would consider. In accordance with fair value accounting guidance, the Company measures, records, and reports various types of assets and liabilities at fair value on either a recurring or non-recurring basis in the Consolidated Financial Statements. Nonfinancial assets measured at fair value on a nonrecurring basis would include foreclosed real estate, long-lived assets, and core deposit intangible assets, which are reviewed when circumstances or other events indicate that impairment may have occurred. Valuation Methods for Financial Instruments and Certain of Our Nonfinancial Assets Measured at Fair Value on a Recurring Basis Following is a description of the Company's valuation methodologies used for assets and liabilities recorded at fair value on a recurring basis: Available-for-Sale Securities The fair value measurements of the Company’s investment securities are determined by a third party pricing service which considers observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other things. The fair value measurements are subject to independent verification to another pricing source by management each quarter for reasonableness. Other Investment Securities Other investment securities include equity securities with readily determinable fair values and other investment securities that do not have readily determinable fair values. Investments in FHLB stock and MIB stock that do not have readily determinable fair values are required for membership in those organizations. Equity securities that are not actively traded are classified in Level 2. Equity securities with readily determinable fair values are recorded at fair value, with changes in fair value reflected in earnings. Equity securities that do not have readily determinable fair values are carried at cost and are periodically assessed for impairment. The Company uses Level 1 inputs to value equity securities that are traded in active markets. Loans Held for Sale The fair value of the committed in forward sale agreements loans is the price at which they could be sold in the principal market at the measurement date, therefore the Company classifies as Level 2. Derivative Assets and Liabilities Derivative assets and liabilities include interest rate lock commitments ("IRLCs") and forward sale commitments. The fair values of IRLCs and forward sale commitments are determined using readily observable market data such as interest rates, prices, volatility factors, and customer credit-related adjustments. For IRLCs, the fair value is subject to the anticipated loan funding probability (pull-through rate), which is considered an unobservable factor. Factors that affect pull-through rates include origination channel, current mortgage interest rates in the market versus the interest rate incorporated in the IRLC, the purpose of the mortgage, stage of completion of the underlying application and underwriting process, and the time remaining until the IRLC expires. The Company classifies IRLCs as Level 3 due to the unobservable input of pull-through rates. Mortgage Servicing Rights The fair value of mortgage servicing rights is based on the discounted value of estimated future cash flows utilizing contractual cash flows, servicing rates, constant prepayment rate, servicing cost, and discount rate factors. Accordingly, the fair value is estimated based on a valuation model that calculates the present value of estimated future net servicing income. The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, market discount rates, cost to service, float earnings rates, and other ancillary income, including late fees. The valuation models estimate the present value of estimated future net servicing income. The Company classifies its servicing rights as Level 3. Fair Value Measurements (in thousands) Fair Value Quoted Prices Other Significant December 31, 2022 Assets: U.S. Treasury $ 2,152 $ 2,152 $ — $ — U.S. government and federal agency obligations 559 — 559 — U.S. government-sponsored enterprises 23,777 — 23,777 — Obligations of states and political subdivisions 109,440 — 109,440 — Mortgage-backed securities 102,699 — 102,699 — Other debt securities 10,943 — 10,943 — Bank-issued trust preferred securities 1,177 — 1,177 — Equity securities 46 46 — — Interest rate lock commitments 20 — — 20 Forward sale commitments 3 — 3 — Loans held for sale 591 — 591 — Mortgage servicing rights 2,899 — — 2,899 Total $ 254,306 $ 2,198 $ 249,189 $ 2,919 Liabilities: Interest rate lock commitments $ 18 $ — $ — $ 18 Forward sale commitments 3 — 3 — Total $ 21 $ — $ 3 $ 18 December 31, 2021 Assets: U.S. Treasury $ 3,917 $ 3,917 $ — $ — U.S. government and federal agency obligations 1,319 — 1,319 — U.S. government-sponsored enterprises 26,372 — 26,372 — Obligations of states and political subdivisions 129,224 — 129,224 — Mortgage-backed securities 136,466 — 136,466 — Other debt securities 12,284 — 12,284 — Bank-issued trust preferred securities 1,288 — 1,288 — Equity securities 60 60 — — Interest rate lock commitments 312 — — 312 Forward sale commitments 12 — 12 — Loans held for sale 2,249 — 2,249 — Mortgage servicing rights 2,659 — — 2,659 Total $ 316,162 $ 3,977 $ 309,214 $ 2,971 Liabilities: Interest rate lock commitments $ 26 $ — $ — $ 26 Total $ 26 $ — $ — $ 26 The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: (in thousands) Fair Value Measurements Using Fair Value Measurements Using Balance at December 31, 2020 $ 2,445 $ — Total (losses) or gains (realized/unrealized): Included in earnings (186) — Included in other comprehensive income — — Purchases — — Sales — — Issues 400 286 Settlements — — Balance at December 31, 2021 $ 2,659 $ 286 Total (losses) or gains (realized/unrealized): Included in earnings 176 (24) Included in other comprehensive income — — Purchases — — Sales — (407) Issues 64 147 Settlements — — Balance at December 31, 2022 $ 2,899 $ 2 Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis Following is a description of the Company's valuation methodologies used for assets and liabilities recorded at fair value on a nonrecurring basis: Collateral-Dependent Impaired Loans While the overall loan portfolio is not carried at fair value, the Company periodically records nonrecurring adjustments to the carrying value of impaired loans based on fair value measurements for partial charge-offs of the uncollectible portions of those loans. Nonrecurring adjustments also include certain impairment amounts for collateral dependent loans when establishing the allowance for loan losses. Such amounts are generally based on the fair value of the underlying collateral supporting the loan. In determining the fair value of real estate collateral, the Company relies on external and internal appraisals of property values depending on the size and complexity of the real estate collateral. The appraisals may be discounted based on the Company's historical knowledge, changes in market conditions from the time of appraisal, or other information available. The Company maintains staff trained to perform in-house evaluations and also to review third-party appraisal reports for reasonableness. In the case of non-real estate collateral, reliance is placed on a variety of sources, including external estimates of value and judgments based on the experience and expertise of internal specialists. Fair values of all loan collateral are regularly reviewed by senior loan committee. Because many of these inputs are not observable, the measurements are classified as Level 3. As of December 31, 2022, the Company identified $17.7 million in collateral-dependent impaired loans that had no specific allowances for losses. Related to these loans, there were $0.1 million in charge-offs recorded during the year ended December 31, 2022. As of December 31, 2021, the Company identified $24.2 million in collateral-dependent impaired loans that had specific allowances for losses aggregating $2.8 million. Related to these loans, there were $0.1 million in charge-offs recorded during the year ended December 31, 2021. Other Real Estate Owned and Repossessed Assets Other real estate owned ("OREO") and repossessed assets consist of loan collateral repossessed through foreclosure. This collateral is comprised of commercial and residential real estate and other non-real estate property, including autos, manufactured homes, and construction equipment. Subsequent to foreclosure, these assets are initially carried at fair value of the collateral less estimated selling costs. Fair value, when recorded, is generally based upon appraisals by approved independent state-certified appraisers. Like impaired loans, appraisals on OREO may be discounted based on the Company's historical knowledge, changes in market conditions from the time of appraisal or other information available. During the holding period, valuations are updated periodically, and the assets may be written down to reflect a new cost basis. Because many of these inputs are not observable, the measurements are classified as Level 3. Fair Value Measurements Using (in thousands) Total Quoted Prices Other Significant Total Gains December 31, 2022 Assets: Collateral dependent impaired loans: Real estate mortgage - commercial $ 17,664 $ — $ — $ 17,664 $ (51) Installment and other consumer — — — — (40) Total $ 17,664 $ — $ — $ 17,664 $ (91) Other real estate and repossessed assets $ 8,795 $ — $ — $ 8,795 $ 233 December 31, 2021 Assets: Collateral dependent impaired loans: Commercial, financial, & agricultural $ — $ — $ — $ — $ (46) Real estate mortgage - residential 264 — — 264 (22) Real estate mortgage - commercial 21,133 — — 21,133 (43) Installment and other consumer — — — — (7) Total $ 21,397 $ — $ — $ 21,397 $ (118) Other real estate and repossessed assets $ 10,525 $ — $ — $ 10,525 $ (935) * Total gains (losses) reported for other real estate owned and repossessed assets includes charge-offs, valuation write-downs, and net losses taken during the periods reported.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate such value: Loans Fair values are estimated for portfolios with similar financial characteristics. Loans are segregated by type, such as commercial, real estate, and consumer. Each loan category is further segmented into fixed and variable interest rate categories. The fair value of loans, or exit price, is estimated by using the future value of discounted cash flows using comparable market rates for similar types of loan products and adjusted for market factors. The discount rates used are estimated using comparable market rates for similar types of loan products adjusted to be commensurate with the credit risk, overhead costs, and optionality of such instruments. Federal Funds Sold, Cash, and Due from Banks The carrying amounts of short-term federal funds sold and securities purchased under agreements to resell, interest-earning deposits with banks, and cash and due from banks approximate fair value. Federal funds sold and securities purchased under agreements to resell classified as short-term generally mature in 90 days or less. Certificates of Deposit in Other Banks Certificates of deposit are other investments made by the Company with other financial institutions that are carried at cost, which is equal to fair value. Cash Surrender Value – Life Insurance The fair value of Bank-owned life insurance approximates the carrying amount. Upon liquidation of these investments, the Company would receive the cash surrender value, which equals the carrying amount. Accrued Interest Receivable and Payable For accrued interest receivable and payable, the carrying amount is a reasonable estimate of fair value because of the short maturity for these financial instruments. Deposits The fair value of deposits with no stated maturity, such as non-interest-bearing demand, Negotiable Order of Withdrawal accounts, savings accounts, and money market accounts, is equal to the amount payable on demand. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. Federal Funds Purchased and Securities Sold under Agreements to Repurchase For federal funds purchased and securities sold under agreements to repurchase, the carrying amount is a reasonable estimate of fair value, as such instruments reprice in a short time period. Subordinated Notes and Other Borrowings The fair value of subordinated notes and other borrowings is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for other borrowed money of similar remaining maturities. Operating Lease Liabilities The fair value of operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company's incremental borrowing rate at the lease commencement date. A summary of the carrying amounts and fair values of the Company's financial instruments at December 31, 2022 and 2021 is as follows: December 31, 2022 Fair Value Measurements December 31, 2022 Quoted Prices Other Net (in thousands) Carrying Fair Assets Inputs Inputs Assets: Cash and due from banks $ 18,661 $ 18,661 $ 18,661 $ — $ — Federal funds sold and overnight interest-bearing deposits 65,059 65,059 65,059 — — Certificates of deposit in other banks 2,955 2,955 2,955 — — Available for sale securities 250,747 250,747 2,152 248,595 — Other investment securities 6,353 6,353 46 6,307 — Loans, net 1,505,664 1,389,018 — — 1,389,018 Loans held for sale 591 591 — 591 — Cash surrender value - life insurance 2,567 2,567 — 2,567 — Interest rate lock commitments 20 20 — — 20 Forward sale commitments 3 3 — 3 — Accrued interest receivable 7,953 7,953 7,953 — — Total $ 1,860,573 $ 1,743,927 $ 96,826 $ 258,063 $ 1,389,038 Liabilities: Deposits: Non-interest bearing demand $ 453,443 $ 453,443 $ 453,443 $ — $ — Savings, interest checking and money market 923,602 923,602 923,602 — — Time deposits 255,034 250,433 — — 250,433 Federal funds purchased and securities sold under agreements to repurchase 5,187 5,187 5,187 — — Federal Home Loan Bank advances and other borrowings 98,000 98,000 — 98,000 — Subordinated notes 49,486 39,197 — 39,197 — Interest rate lock commitments 18 18 — — 18 Forward sale commitments 3 3 — 3 — Accrued interest payable 902 902 902 — — Total $ 1,785,675 $ 1,770,785 $ 1,383,134 $ 137,200 $ 250,451 December 31, 2021 Fair Value Measurements December 31, 2021 Quoted Prices Other Net (in thousands) Carrying Fair Assets Inputs Inputs Assets: Cash and due from banks $ 17,287 $ 17,287 $ 17,287 $ — $ — Federal funds sold and overnight interest-bearing deposits 142,622 142,622 142,622 — — Certificates of deposit in other banks 5,193 5,193 5,193 — — Available-for-sale securities 310,870 310,870 3,917 306,953 — Other investment securities 5,408 5,408 60 5,348 — Loans, net 1,285,230 1,308,539 — — 1,308,539 Loans held for sale 2,249 2,249 — 2,249 — Cash surrender value - life insurance 2,509 2,509 — 2,509 — Interest rate lock commitments 312 312 — — 312 Forward sale commitments 12 12 — 12 — Accrued interest receivable 6,621 6,621 6,621 — — Total $ 1,778,313 $ 1,801,622 $ 175,700 $ 317,071 $ 1,308,851 Liabilities: Deposits: Non-interest bearing demand $ 453,066 $ 453,066 $ 453,066 $ — $ — Savings, interest checking and money market 818,358 818,358 818,358 — — Time deposits 245,396 246,025 — — 246,025 Federal funds purchased and securities sold under agreements to repurchase 23,829 23,829 23,829 — — Federal Home Loan Bank advances and other borrowings 77,418 78,152 — 78,152 — Subordinated notes 49,486 42,908 — 42,908 — Interest rate lock commitments 26 26 — — 26 Accrued interest payable 282 282 282 — — Total $ 1,667,861 $ 1,662,646 $ 1,295,535 $ 121,060 $ 246,051 Off-Balance-Sheet Financial Instruments The fair value of commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements, the likelihood of the counterparties drawing on such financial instruments, and the present creditworthiness of such counterparties. The Company believes such commitments have been made on terms that are competitive in the markets in which it operates. Limitations The fair value estimates provided are made at a point in time based on market information and information about the financial instruments. Because no market exists for a portion of the Company's financial instruments, fair value estimates

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company issues financial instruments with off-balance-sheet risk in the normal course of business in meeting the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments may involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The Company's extent of involvement and maximum potential exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for financial instruments included on its consolidated balance sheets. At December 31, 2022, no amounts have been accrued for any estimated losses for these financial instruments. The contractual amount of off-balance-sheet financial instruments as of December 31, 2022 and 2021 is as follows: (in thousands) 2022 2021 Commitments to extend credit $ 388,264 $ 396,958 Interest rate lock commitments 6,331 16,161 Forward sale commitments 576 2,199 Standby letters of credit 49,740 35,514 Total 444,911 450,832 Commitments Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since certain of the commitments and letters of credit are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management's credit evaluation of the customer. Collateral held varies, but may include accounts receivable, inventory, furniture and equipment, and real estate. The Company has two types of commitments related to mortgage loans held for sale: interest rate lock commitments and forward loan sale commitments. Interest rate lock commitments are commitments to extend credit to a customer that has an interest rate lock and are considered derivative instruments. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These standby letters of credit are primarily issued to support contractual obligations of the Company's customers. The approximate remaining term of standby letters of credit range from one month to five years at December 31, 2022. Pending Litigation The Company and its subsidiaries are defendants in various legal actions incidental to the Company's past and current business activities. Based on the Company's analysis, and considering the inherent uncertainties associated with litigation, management does not believe that it is reasonably possible that these legal actions will materially adversely affect the Company's consolidated financial condition or results of operations in the near term. The Company records a loss accrual

Condensed Financial Information

Condensed Financial Information of the Parent Company Only	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Information of the Parent Company Only	Condensed Financial Information of the Parent Company Only Following are the condensed financial statements of Hawthorn Bancshares, Inc. (Parent only) as of and for the years indicated: Condensed Balance Sheets December 31, (in thousands) 2022 2021 Assets Cash and due from bank subsidiaries $ 2,464 $ 1,805 Investment in bank-issued trust preferred securities 1,177 1,288 Investment in subsidiaries 172,752 197,243 Deferred tax asset 49 589 Other assets 3,490 1,238 Total assets $ 179,932 $ 202,163 Liabilities and Stockholders’ Equity Subordinated notes $ 49,486 $ 49,486 Other liabilities 3,035 3,721 Stockholders’ equity 127,411 148,956 Total liabilities and stockholders’ equity $ 179,932 $ 202,163 Condensed Statements of Income For the Years Ended December 31, (in thousands) 2022 2021 2020 Income Interest and dividends received from subsidiaries $ 11,497 $ 8,512 $ 4,946 Other 1,108 404 — Total income 12,605 8,916 4,946 Expenses Interest on subordinated notes 2,072 1,227 1,527 Other 3,191 3,200 2,692 Total expenses 5,263 4,427 4,219 Income before income tax benefit and equity in undistributed income of subsidiaries 7,342 4,489 727 Income tax benefit 859 837 876 Equity in undistributed income of subsidiaries 12,550 17,191 12,690 Net income $ 20,751 $ 22,517 $ 14,293 Condensed Statements of Cash Flows For the Years Ended December 31, (in thousands) 2022 2021 2020 Cash flows from operating activities: Net income $ 20,751 $ 22,517 $ 14,293 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiaries (12,550) (17,191) (12,690) Decrease in deferred tax asset 540 907 432 Other, net (1,060) (607) 1,031 Net cash provided by operating activities $ 7,681 $ 5,626 $ 3,066 Cash flows from investing activities: (Increase) decrease in investment in subsidiaries, net $ 110 $ (70) $ 307 Net cash provided by (used in) investing activities $ 110 $ (70) $ 307 Cash flows from financing activities: Cash dividends paid - common stock $ (4,240) $ (3,616) $ (3,030) Purchase of treasury stock (2,892) (2,148) (906) Net cash used in financing activities $ (7,132) $ (5,764) $ (3,936) Net increase (decrease) in cash and due from banks 659 (208) (563) Cash and due from banks at beginning of year 1,805 2,013 2,576 Cash and due from banks at end of year $ 2,464 $ 1,805 $ 2,013

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation In December of 2008, the Company formed Hawthorn Real Estate, LLC, (the "Real Estate Company"), a wholly owned subsidiary of the Company. In December of 2017, the Company formed Hawthorn Risk Management, Inc., (the "Insurance Captive"), a wholly owned subsidiary of the Company. The consolidated financial statements include the accounts of the Company, the Bank, the Real Estate Company, and the Insurance Captive. All significant intercompany accounts and transactions have been eliminated in consolidation.
Loans	Loans Loans that the Company has the intent and ability to hold for the foreseeable future or to maturity are held for investment at their stated unpaid principal balance amount less unearned income and the allowance for loan losses. Income on loans is accrued on a simple-interest basis. Loan origination fees and certain direct costs are deferred and recognized over the life of the loan as an adjustment to yield. Loans Held for Sale Loans originated, primarily one-to-four family residential mortgage loans, with the intent to be sold in the secondary market are classified as held for sale. In the fourth quarter of 2021, the Company elected the fair value option for all newly originated long-term personal real estate loans held for sale. Adjusted cost reflects the funded loan amount and any loan origination costs and fees. The Company sells loans with servicing retained or released depending on pricing and market conditions. Mortgage loans held for sale were $0.6 million at December 31, 2022 compared to $2.2 million at December 31, 2021. Impaired Loans A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due, both principal and interest, according to the contractual terms of the loan agreement. Included in impaired loans are all non-accrual loans and loans whose terms have been modified in a troubled debt restructuring. Impaired loans are individually evaluated for impairment based on fair values of the underlying collateral, obtained through independent appraisals or internal valuations for a collateral dependent loan or by discounting the total expected future cash flows. Non-Accrual Loans Loans are placed on non-accrual status when management believes that the borrower's financial condition, after consideration of business conditions and collection efforts, is such that collection of interest is doubtful. Loans that are contractually 90 days past due as to principal and/or interest payments are generally placed on non-accrual, unless they are both well-secured and in the process of collection. Real estate loans secured by one-to-four family residential properties are exempt from these non-accrual guidelines. These loans are placed on non-accrual status after they become 120 days past due. Subsequent interest payments received on such loans are applied to principal if doubt exists as to the collectability of such principal; otherwise, such receipts are recorded as interest income on a cash basis. A loan remains on non-accrual status until the loan is current as to payment of both principal and interest and/or the borrower demonstrates the ability to pay and remain current. Restructured Loans A loan is accounted for as a troubled debt restructuring ("TDR") if the Company, for economic or legal reasons related to the borrowers' financial difficulties, grants a concession to the borrower that it would not otherwise consider. A TDR typically involves (1) modification of terms such as a reduction of the stated interest rate, loan principal, accrued interest, or an extended maturity date, (2) a loan renewal at a stated interest rate lower than the current market rate for a new loan with similar risk, or (3) debt that was not reaffirmed in bankruptcy. Non-performing TDRs are returned to performing status once the borrower demonstrates the ability to pay under the terms of the restructured note through a sustained period of repayment performance, which is generally six months. The Company includes all performing and non-performing TDRs in the impaired and non-performing asset totals. The Company measures the impairment loss of a TDR in the same manner as described below. TDRs that are performing under their contractual terms continue to accrue interest, which is recognized in current earnings.
Allowance for Loan Losses	Allowance for Loan Losses Management has identified the accounting policy related to the allowance for loan losses as critical to the understanding of the Company's results of operations, since the application of this policy requires significant management assumptions and estimates that could result in materially different amounts to be reported if conditions or underlying circumstances were to change. The fair value of impaired loans deemed collateral-dependent, for purposes of the measurement of the impairment loss, can be subject to changing market conditions, supply and demand, condition of the collateral and other factors over time. Such volatility can have an impact on the financial performance of the Company. Loans, or portions of loans, are charged off to the extent deemed uncollectible or a loss is confirmed. When loans become 90 days past due, they are generally placed on non-accrual status or charged off unless extenuating circumstances justify leaving the loan on accrual basis. When loans reach 120 days past due, and there is little likelihood of repayment, the uncollectible portion of the loans are charged off. Loan charge-offs reduce the allowance for loan losses, and recoveries of loans previously charged off are added back to the allowance. If management determines that it is probable that all amounts due on a loan will not be collected under the original terms of the loan agreement, the loan is considered to be impaired. The specific reserve component applies to loans evaluated individually for impairment. The net carrying value of impaired loans is generally based on the fair values of collateral obtained through independent appraisals and/or internal evaluations, or by discounting the total expected future cash flows. Once the impairment amount is calculated, a specific reserve allocation is recorded. The incurred loss component of the general reserve, or loans collectively evaluated for impairment, is determined by applying loss rates to pools of loans by loan type. Loans not individually evaluated are aggregated by risk characteristics and reserves are recorded using a consistent methodology that considers historical loan loss experience by loan type. The Company believes that the look-back period beginning January 1, 2012 provides a representative historical loss period in the current economic environment. These historical loss rates for each risk group are used as the starting point to determine loss rates for measurement purposes. The historical loan loss rates are multiplied by loss emergence periods, which represent the estimated time period between a borrower first experiencing financial difficulty and the recognition of a loss. The Company's methodology includes qualitative risk factors that allow management to adjust its estimates of losses based on the most recent information available and to address other limitations in the quantitative component that is based on historical loss rates. Such risk factors are generally reviewed and updated quarterly, as appropriate, and are adjusted to reflect changes in national and local economic conditions and developments, the nature, volume and terms of loans in the portfolio, including changes in volume and severity of past due loans, the volume of non-accrual loans, and the volume and severity of adversely classified or graded loans, loan concentrations, assessment of trends in collateral values, assessment of changes in the quality of the Company's internal loan review department, and changes in lending policies and procedures, including underwriting standards and collections, charge-off and recovery practices.
Certificates of Deposit in other banks	Certificates of Deposit in other banks Certificates of deposit are investments made by the Company with other financial institutions, in amounts less than $250,000 each in order to qualify for insurance coverage under the Federal Deposit Insurance Corporation ("FDIC"), that are carried at cost which approximates fair values.
Investment Securities	Investment Securities Available-for-sale Securities The largest component of the Company's investment portfolio consists of debt securities which are classified as available-for-sale and are carried at fair value. Changes in fair value, excluding certain losses associated with other-than-temporary impairment, are reported in other comprehensive income, net of taxes, a component of stockholders' equity. Securities are periodically evaluated for other-than-temporary impairment in accordance with guidance provided by the Financial Accounting Standards Board ("FASB") under Accounting Standards Codification ("ASC") Topic 320, Investments – Debt Securities. For those securities with other-than-temporary impairment, the entire loss in fair value is required to be recognized in current earnings if the Company intends to sell the securities or believes it more likely than not that it will be required to sell the security before the anticipated recovery. If neither condition is met, but the Company does not expect to recover the amortized cost basis, the Company determines whether a credit loss has occurred, which is then recognized in current earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Premiums and discounts are amortized using the interest method over the lives of the respective securities, with consideration of historical and estimated prepayment rates for mortgage-backed securities, as an adjustment to yield. Dividend and interest income are recognized when earned. Realized gains and losses for securities classified as available-for-sale are included in earnings based on the specific identification method for determining the cost of securities sold. Other Investment Securities Other investment securities include equity securities with readily determinable fair values and other investment securities that do not have readily determinable fair values. Investments in Federal Home Loan Bank of Des Moines ("FHLB") stock, and Midwest Independent BankersBank ("MIB") stock, that do not have readily determinable fair values, are required for membership in those organizations. Equity securities with readily determinable fair values are recorded at fair value, with changes in fair value reflected in earnings. Equity securities that do not have readily determinable fair values are carried at cost and are periodically assessed for impairment.
Capital Stock of the FHLB	Capital Stock of the FHLB The Bank, as a member of the Federal Home Loan Bank System administered by the Federal Housing Finance Agency, is required to maintain an investment in the capital stock of the FHLB in an amount equal to 12 basis points of the Bank's year-end total assets plus 4.00% of advances from the FHLB to the Bank. These investments are recorded at cost, which represents redemption value.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. Depreciation applicable to buildings and improvements and furniture and equipment is charged to expense using straight-line and accelerated methods over the estimated useful lives of the assets. Such lives are estimated to be five three
Derivative Assets and Liabilities	Derivative Assets and Liabilities The Company recognizes derivatives as either assets or liabilities in the balance sheet, and measures those instruments at fair value. Loan commitments related to the origination or acquisition of mortgage loans that will be held for sale are accounted for as derivative instruments. The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). The Company also enters into forward sales commitments for the mortgage loans underlying the rate lock commitments.
Mortgage Servicing Rights	Mortgage Servicing Rights The Company originates and sells residential mortgage loans in the secondary market and typically retains the right to service the loans sold. Servicing involves the collection of payments from individual borrowers and the distribution of those payments to the investors or master servicer. Upon a sale of mortgage loans for which servicing rights are retained, the retained mortgage servicing rights asset is capitalized at the fair value of future net cash flows expected to be realized for performing servicing activities. Mortgage servicing rights are carried at fair value in the consolidated balance sheet with changes in the fair value recognized in earnings. Because most servicing rights do not trade in an active market with readily observable prices, the Company determines the fair value of mortgage servicing rights by estimating the fair value of the future cash flows associated with the mortgage loans being serviced. Key assumptions used in measuring the fair value of mortgage servicing rights include, but are not limited to, prepayment speeds, discount rates, delinquencies, ancillary income, and cost to service. These assumptions are validated on a periodic basis. The fair value is validated on a quarterly basis with an independent third party valuation specialist firm. In addition to the changes in fair value of the mortgage servicing rights, the Company also records loan servicing fee income as part of real estate servicing fees, net, in the consolidated statements of income. Loan servicing fee income represents revenue earned for servicing mortgage loans. The servicing fees are based on contractual percentage of the outstanding principal balance and recognized as revenue as the related mortgage payments are collected. Corresponding loan servicing costs are charged to expense as incurred.
Other Real Estate Owned and Repossessed Assets	Other Real Estate Owned and Repossessed Assets Other real estate owned and repossessed assets consist of loan collateral that has been repossessed through foreclosure. This collateral is comprised of commercial and residential real estate and other non-real estate property, including autos, manufactured homes, and construction equipment. Other real estate owned assets are initially recorded as held for sale at the fair value of the collateral less estimated selling costs. Any adjustment is recorded as a charge-off against the allowance for loan losses. The Company relies on external appraisals and assessment of property values by internal staff. In the case of non-real estate collateral, reliance is placed on a variety of sources, including external estimates of value and judgment based on experience and expertise of internal specialists. Subsequent to foreclosure, valuations are updated periodically, and the assets may be written down to reflect a new cost basis. The valuation write-downs are recorded as other non-interest expense. The Company establishes a valuation allowance related to other real estate owned and repossessed assets on an asset-by-asset basis. The valuation allowance is created during the holding period when the fair value less cost to sell is lower than the cost of the asset.
Pension Plan	Pension Plan The Company provides a noncontributory defined benefit pension plan for all full-time and eligible employees. The benefits are based on age, years of service and the level of compensation during the respective employee's highest ten years of compensation before retirement. Net periodic costs are recognized as employees render the services necessary to earn the retirement benefits. The Company records annual amounts relating to its pension plan based on calculations that incorporate various actuarial and other assumptions including discount rates, mortality, assumed rates of return, compensation increases, and turnover rates. The Company reviews its assumptions on an annual basis and may make modifications to the assumptions based on current rates and trends when it is appropriate to do so. The Company believes that the assumptions utilized in recording its obligations under its plan are reasonable based on its experience and market conditions. The Company follows authoritative guidance included in the FASB ASC Topic 715, Compensation – Retirement Plans under the subtopic Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans. ASC Topic 715 requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its consolidated balance sheet and to recognize changes in the funded status in the year in which the changes occur through comprehensive income. This guidance also requires an employer to measure the funded status of a plan as of the date of its fiscal year-end, with limited exceptions. Additional disclosures are required to provide users with an understanding of how investment allocation decisions are made, major categories of plan assets, and fair value measurement of plan assets as defined in ASC Topic 820 , Fair Value Measurements and Disclosures .
Investments in Historic Tax Credits	Investments in Historic Tax Credits The Company has a noncontrolling financial investment in a private investment fund and partnership that finances the rehabilitation and re-use of historic buildings. This unconsolidated investment may generate a return through the realization of federal income tax credits, as well as other tax benefits, such as tax deductions from net operating losses of the investments over a period of time. Investments in historic tax credits are accounted for under the equity method of accounting and the Company’s recorded investment in these entities is carried in other assets on the Consolidated Balance Sheets with any unfunded commitment recorded in other liabilities. The tax credits and other net tax benefits received are recognized as a component of income tax expense in the Consolidated Statements of Income.
Income Taxes	Income Taxes Income taxes are accounted for under the asset/liability method by recognizing the amount of taxes payable or refundable for the current period and deferred tax assets and liabilities for future tax consequences of events that have been recognized in the Company's financial statements or tax returns. Deferred income tax assets and liabilities are provided as temporary differences between the tax basis of an asset or liability and its reported amount in the consolidated financial statements at the enacted tax rate expected to be applied in the period the deferred tax item is expected to be realized. A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years. A tax position is initially recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and all relevant facts. Penalties and interest incurred under the applicable tax law are classified as income tax expense. The Company has not recognized any tax liabilities or any interest or penalties in income tax expense related to uncertain tax positions as of December 31, 2022, 2021, and 2020.
Trust Department	Trust Department Property held by the Bank in a fiduciary or agency capacity for customers is not included in the accompanying consolidated balance sheets, since such items are not assets of the Company. Trust department income is recognized on the accrual basis.
Consolidated Statements of Cash Flows	Consolidated Statements of Cash Flows For the purpose of the consolidated statements of cash flows, cash and cash equivalents consist of short-term federal funds sold and securities sold or purchased under agreements to resell, overnight interest-earning deposits with banks, and cash and due from banks.
Treasury Stock	Treasury Stock The purchase of the Company's common stock is recorded at cost. Purchases of the stock are made both in the open market and through negotiated private purchases based on market prices. At the date of subsequent reissue, the treasury stock account is reduced by the cost associated with such stock on a first-in-first-out basis. Gains on the sale of treasury stock are credited to additional paid-in-capital. Losses on the sale of treasury stock are charged to additional paid-in-capital to the extent of previous gains, otherwise charged to retained earnings.
Stock Dividend	Stock Dividend On July 1, 2022, the Company paid a special stock dividend of four percent to shareholders of record at the close of business on June 15, 2022. For all periods presented, share information, including basic and diluted earnings per share, has been adjusted retroactively to reflect this change.
CARES Act	CARES Act On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") was signed into law, which, in part, established a loan program administered through the U.S. Small Business Administration ("SBA"), referred to as the Paycheck Protection Program ("PPP"). Under the PPP, small businesses, sole proprietorships, independent contractors, non-profit organizations and self-employed individuals could apply for loans from existing SBA lenders and other approved regulated lenders that enroll in the program, subject to numerous limitations and eligibility criteria. The Company is a participating lender in the PPP program. All loans have a 1% interest rate and the Company earns a fee that is based upon a tiered schedule corresponding with the amount of the loan to the borrower, which is deferred and recognized over the life of the loan. Based upon the borrower meeting certain criteria as defined by the CARES Act, the loan may be forgiven by the SBA. The Company reports these loans at their principal amount outstanding, net of unearned income, unamortized deferred loan fee income and loan origination costs. Interest is accrued as earned and loan origination fees and direct costs are deferred and accreted or amortized into interest income, as an adjustment to the yield, over the life of the loan using the level yield method. When a PPP loan is paid off or forgiven by the SBA, the remaining unaccreted or unamortized net origination fees or costs are immediately recognized into income.
Reclassifications	Reclassifications Certain prior year information has been reclassified to conform to the 2022 presentation.

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Summary of Loans, by Major Class Within the Company's Loan Portfolio	A summary of loans, by major class within the Company's loan portfolio, at December 31, 2022 and 2021 is as follows: (in thousands) 2022 2021 Commercial, financial, and agricultural (a) $ 244,549 $ 217,214 Real estate construction − residential 32,095 27,920 Real estate construction − commercial 137,235 91,369 Real estate mortgage − residential 361,025 279,346 Real estate mortgage − commercial 722,729 663,256 Installment and other consumer 23,619 23,028 Total loans held for investment $ 1,521,252 $ 1,302,133 (a) Includes $0.01 million and $8.4 million SBA PPP loans, net, respectively
Schedule of Loans to Directors and Executive Officers	The following is a summary of loans to directors and executive officers or to entities in which such individuals had a beneficial interest of the Company: (in thousands) Balance at December 31, 2021 $ 2,478 New loans 10,729 Amounts collected (3,792) Balance at December 31, 2022 $ 9,415
Schedule of Summary of the Allowance for Loan Losses	The following table illustrates the changes in the allowance for loan losses by portfolio segment: (in thousands) Commercial, Real Estate Real Estate Real Estate Real Estate Installment Un- Total Balance at December 31, 2019 $ 2,918 $ 64 $ 369 $ 2,118 $ 6,547 $ 381 $ 80 $ 12,477 Additions: Provision for (release of) loan losses 2,241 85 106 568 2,838 35 (73) 5,800 Deductions: Loans charged off 207 — — 52 39 211 — 509 Less recoveries on loans (169) (64) — (45) (8) (59) — (345) Net loans charged off (recoveries) 38 (64) — 7 31 152 — 164 Balance at December 31, 2020 $ 5,121 $ 213 $ 475 $ 2,679 $ 9,354 $ 264 $ 7 $ 18,113 Additions: (Release of) provision for loan losses (2,431) (89) (362) (365) 1,348 145 54 (1,700) Deductions: Loans charged off 194 — — 22 43 229 — 488 Less recoveries on loans (221) (13) (475) (190) (3) (76) — (978) Net loans charged off (recoveries) (27) (13) (475) (168) 40 153 — (490) Balance at December 31, 2021 $ 2,717 $ 137 $ 588 $ 2,482 $ 10,662 $ 256 $ 61 $ 16,903 Additions: (Release of) provision for loan losses 97 20 265 802 (2,492) 303 105 (900) Deductions: Loans charged off 135 — — — 181 321 — 637 Less recoveries on loans (56) — (22) (45) (11) (88) — (222) Net loans charged off (recoveries) 79 — (22) (45) 170 233 — 415 Balance at December 31, 2022 $ 2,735 $ 157 $ 875 $ 3,329 $ 8,000 $ 326 $ 166 $ 15,588
Schedule of Allowance for Loan Losses and Recorded Investment by Portfolio Segment	The following table illustrates the allowance for loan losses and recorded investment by portfolio segment: (in thousands) Commercial, Real Estate Real Estate Real Estate Real Estate Installment Un- Total December 31, 2022 Allowance for loan losses: Individually evaluated for impairment $ 36 $ — $ 11 $ 148 $ 62 $ 1 $ — $ 258 Collectively evaluated for impairment 2,699 157 864 3,181 7,938 325 166 15,330 Total $ 2,735 $ 157 $ 875 $ 3,329 $ 8,000 $ 326 $ 166 $ 15,588 Loans outstanding: Individually evaluated for impairment $ 295 $ — $ 87 $ 1,863 $ 18,110 $ 6 $ — $ 20,361 Collectively evaluated for impairment 244,254 32,095 137,148 359,162 704,619 23,613 — 1,500,891 Total $ 244,549 $ 32,095 $ 137,235 $ 361,025 $ 722,729 $ 23,619 $ — $ 1,521,252 December 31, 2021 Allowance for loan losses: Individually evaluated for impairment $ 42 $ — $ 13 $ 166 $ 2,815 $ 8 $ — $ 3,044 Collectively evaluated for impairment 2,675 137 575 2,316 7,847 248 61 13,859 Total $ 2,717 $ 137 $ 588 $ 2,482 $ 10,662 $ 256 $ 61 $ 16,903 Loans outstanding: Individually evaluated for impairment $ 341 $ — $ 105 $ 2,391 $ 24,357 $ 60 $ — $ 27,254 Collectively evaluated for impairment 216,873 27,920 91,264 276,955 638,899 22,968 — 1,274,879 Total $ 217,214 $ 27,920 $ 91,369 $ 279,346 $ 663,256 $ 23,028 $ — $ 1,302,133
Schedule of Impaired Loans	The categories of impaired loans at December 31, 2022 and 2021 are as follows: (in thousands) 2022 2021 Non-accrual loans $ 18,700 $ 25,459 Performing TDRs 1,661 1,795 Total impaired loans $ 20,361 $ 27,254 The following tables provide additional information about impaired loans at December 31, 2022 and 2021, respectively, segregated between loans for which an allowance has been provided and loans for which no allowance has been provided. (in thousands) Recorded Unpaid Specific December 31, 2022 With no related allowance recorded: Real estate mortgage − commercial $ 17,664 $ 18,975 $ — Total $ 17,664 $ 18,975 $ — With an allowance recorded: Commercial, financial and agricultural $ 295 $ 330 $ 36 Real estate construction − commercial 87 127 11 Real estate mortgage − residential 1,863 2,080 148 Real estate mortgage − commercial 446 535 62 Installment and other consumer 6 6 1 Total $ 2,697 $ 3,078 $ 258 Total impaired loans $ 20,361 $ 22,053 $ 258 (in thousands) Recorded Investment Unpaid Principal Balance Specific Reserves December 31, 2021 With no related allowance recorded: Real estate mortgage − residential $ 1,034 $ 1,152 $ — Real estate mortgage − commercial 15,593 16,057 — Total $ 16,627 $ 17,209 $ — With an allowance recorded: Commercial, financial and agricultural $ 341 $ 374 $ 42 Real estate construction − commercial 105 138 13 Real estate mortgage − residential 1,357 1,730 166 Real estate mortgage − commercial 8,764 9,142 2,815 Installment and other consumer 60 61 8 Total $ 10,627 $ 11,445 $ 3,044 Total impaired loans $ 27,254 $ 28,654 $ 3,044 The following table presents, by class, information related to the average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2022 and 2021: 2022 2021 (in thousands) Average Recorded Investment Interest Recognized For the Period Ended Average Recorded Investment Interest Recognized For the Period Ended With no related allowance recorded: Commercial, financial and agricultural $ — $ — $ 5,063 $ 35 Real estate mortgage − residential 1 1 1,142 38 Real estate mortgage − commercial 16,230 — 14,639 1 Installment and other consumer — — 19 — Total $ 16,231 $ 1 $ 20,863 $ 74 With an allowance recorded: Commercial, financial and agricultural $ 319 $ 10 $ 357 $ 21 Real estate construction − residential — — 47 — Real estate construction − commercial 93 97 131 — Real estate mortgage − residential 2,189 29 1,652 35 Real estate mortgage − commercial 428 1 8,974 31 Installment and other consumer 90 — 43 4 Total $ 3,119 $ 137 $ 11,204 $ 91 Total impaired loans $ 19,350 $ 138 $ 32,067 $ 165
Schedule of Aging Information for the Company's Past Due and Non-Accrual Loans	The following table provides aging information for the Company's past due and non-accrual loans at December 31, 2022 and 2021. (in thousands) Current or 30 - 89 Days 90 Days Non-Accrual Total December 31, 2022 Commercial, Financial, and Agricultural $ 244,392 $ 36 $ — $ 121 $ 244,549 Real estate construction − residential 32,095 — — — 32,095 Real estate construction − commercial 137,148 — — 87 137,235 Real estate mortgage − residential 359,672 668 — 685 361,025 Real estate mortgage − commercial 704,925 3 — 17,801 722,729 Installment and Other Consumer 23,506 106 1 6 23,619 Total $ 1,501,738 $ 813 $ 1 $ 18,700 $ 1,521,252 December 31, 2021 Commercial, Financial, and Agricultural $ 217,058 $ 3 $ — $ 153 $ 217,214 Real estate construction − residential 27,920 — — — 27,920 Real estate construction − commercial 91,264 — — 105 91,369 Real estate mortgage − residential 277,532 671 14 1,129 279,346 Real estate mortgage − commercial 638,982 245 — 24,029 663,256 Installment and Other Consumer 22,848 137 — 43 23,028 Total $ 1,275,604 $ 1,056 $ 14 $ 25,459 $ 1,302,133
Schedule of Risk Categories by Class	The following table presents the risk categories by class at December 31, 2022 and 2021. (in thousands) Commercial, Real Estate Real Estate Real Estate Real Estate Installment Total At December 31, 2022 Watch $ 7,411 $ — $ 2,677 $ 5,541 $ 48,041 $ — $ 63,670 Substandard 6,894 — 686 500 3,026 — 11,106 Performing TDRs 174 — — 1,178 309 — 1,661 Non-accrual loans 121 — 87 685 17,801 6 18,700 Total $ 14,600 $ — $ 3,450 $ 7,904 $ 69,177 $ 6 $ 95,137 At December 31, 2021 Watch $ 9,219 $ — $ 4,304 $ 12,185 $ 43,348 $ — $ 69,056 Substandard 6,284 — 2,673 750 2,305 — 12,012 Performing TDRs 188 — — 1,262 328 17 1,795 Non-accrual loans 153 — 105 1,129 24,029 43 25,459 Total $ 15,844 $ — $ 7,082 $ 15,326 $ 70,010 $ 60 $ 108,322

Other Real Estate Acquired in_2

Other Real Estate Acquired in Settlement of Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Other Real Estate [Abstract]
Schedule of Real Estate and Other Assets Acquired in Settlement of Loans	(in thousands) 2022 2021 Commercial $ — $ 643 Real estate construction - commercial 10,094 10,166 Real estate mortgage - residential 179 117 Real estate mortgage - commercial 1,186 2,510 Total $ 11,459 $ 13,436 Less valuation allowance for other real estate owned (2,664) (2,911) Total other real estate owned $ 8,795 $ 10,525
Schedule of Changes in the Net Carrying Amount of Other Real Estate Owned	Changes in the net carrying amount of other real estate owned for the years indicated: Balance at December 31, 2020 $ 14,905 Additions 723 Proceeds from sales (1,551) Charge-offs against the valuation allowance for other real estate owned, net (668) Net gain on sales 27 Balance at December 31, 2021 $ 13,436 Additions 162 Proceeds from sales (2,176) Charge-offs against the valuation allowance for other real estate owned, net (218) Net gain on sales 255 Total other real estate owned $ 11,459 Less valuation allowance for other real estate owned (2,664) Balance at December 31, 2022 $ 8,795
Schedule of Activity in Valuation Allowance for Other Real Estate Owned	Activity in the valuation allowance for other real estate owned in settlement of loans for the years indicated was as follows: (in thousands) 2022 2021 2020 Balance, beginning of period $ 2,911 $ 2,614 $ 2,956 (Release of) provision for other real estate owned (29) 965 5 Charge-offs (218) (668) (347) Balance, end of period $ 2,664 $ 2,911 $ 2,614

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Debt Securities Available-For-Sale	The amortized cost, gross unrealized gains and losses, and fair value of debt securities classified as available-for-sale at December 31, 2022 and 2021 were as follows: Total Gross Unrealized Fair ( in thousands) Gains Losses December 31, 2022 U.S. Treasury $ 2,198 $ — $ (46) $ 2,152 U.S. government and federal agency obligations 591 — (32) 559 U.S. government-sponsored enterprises 26,499 — (2,722) 23,777 Obligations of states and political subdivisions 134,994 — (25,554) 109,440 Mortgage-backed securities 119,556 7 (16,864) 102,699 Other debt securities (a) 11,825 — (882) 10,943 Bank issued trust preferred securities (a) 1,486 — (309) 1,177 Total available-for-sale securities $ 297,149 $ 7 $ (46,409) $ 250,747 December 31, 2021 U.S. Treasury $ 3,909 $ 11 $ (3) $ 3,917 U.S. government and federal agency obligations 1,314 5 — 1,319 U.S. government-sponsored enterprises 26,498 70 (196) 26,372 Obligations of states and political subdivisions 128,093 1,605 (474) 129,224 Mortgage-backed securities 137,286 791 (1,611) 136,466 Other debt securities (a) 11,825 482 (23) 12,284 Bank issued trust preferred securities (a) 1,486 — (198) 1,288 Total available-for-sale securities $ 310,411 $ 2,964 $ (2,505) $ 310,870 (a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.
Schedule of Amortized Cost and Fair Value of Debt Securities Classified as Available-For-Sale by Contractual Maturity	Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties. ( in thousands) Amortized Fair Due in one year or less $ 9,526 $ 9,289 Due after one year through five years 17,261 16,103 Due after five years through ten years 30,236 26,999 Due after ten years 120,570 95,657 Total 177,593 148,048 Mortgage-backed securities 119,556 102,699 Total available-for-sale securities $ 297,149 $ 250,747
Schedule of Other Securities	Investments in FHLB stock and MIB stock, that do not have readily determinable fair values, are required for membership in those organizations. (in thousands) 2022 2021 Other securities: FHLB stock $ 6,156 $ 5,197 MIB stock 151 151 Equity securities with readily determinable fair values 46 60 Total other investment securities $ 6,353 $ 5,408
Schedule of Unrealized Losses	Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2022 and December 31, 2021 were as follows: Less than 12 months 12 months or more Total Total (in thousands) Fair Unrealized Fair Unrealized At December 31, 2022 U.S. Treasury $ 1,908 $ (41) $ 244 $ (5) $ 2,152 $ (46) U.S. government and federal agency obligations 559 (32) — — 559 (32) U.S. government-sponsored enterprises 7,066 (933) 16,711 (1,789) 23,777 (2,722) Obligations of states and political subdivisions 79,396 (15,421) 29,370 (10,133) 108,766 (25,554) Mortgage-backed securities 33,334 (3,124) 68,911 (13,740) 102,245 (16,864) Other debt securities 7,557 (443) 3,386 (439) 10,943 (882) Bank issued trust preferred securities — — 1,177 (309) 1,177 (309) Total $ 129,820 $ (19,994) $ 119,799 $ (26,415) $ 249,619 $ (46,409) At December 31, 2021 U.S. Treasury $ 1,758 $ (3) $ — $ — $ 1,758 $ (3) U.S. government-sponsored enterprises 18,304 (196) — — 18,304 (196) Obligations of states and political subdivisions 39,221 (474) — — 39,221 (474) Mortgage-backed securities 89,520 (1,579) 1,864 (32) 91,384 (1,611) Other debt securities 3,802 (23) — — 3,802 (23) Bank-issued trust preferred securities — — 1,288 (198) 1,288 (198) Total $ 152,605 $ (2,275) $ 3,152 $ (230) $ 155,757 $ (2,505)
Schedule of Components of Investment Securities Gains and Losses	The following table presents the gross unrealized gains and losses from sales and calls of available-for-sale securities, as well as gains and losses on equity securities from fair value adjustments which have been recognized in earnings: (in thousands) 2022 2021 2020 Available-for-sale securities: Gains realized on sales $ — $ 122 $ 49 Losses realized on sales — — (8) Other-than-temporary impairment recognized — — — Other investment securities: Fair value adjustments, net (14) 27 20 Investment securities gains (losses), net $ (14) $ 149 $ 61

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	A summary of premises and equipment at December 31, 2022 and 2021 is as follows: (in thousands) 2022 2021 Land and land improvements $ 9,576 $ 9,481 Buildings and improvements 35,330 35,688 Furniture and equipment 13,245 13,183 Operating leases - right of use asset 2,539 2,538 Construction in progress 1,475 82 Total $ 62,165 $ 60,972 Less accumulated depreciation 29,309 28,253 Premises and equipment, net $ 32,856 $ 32,719
Schedule of Depreciation Expense	Depreciation expense for the years ended December 31, 2022, 2021, and 2020 was as follows: (in thousands) 2022 2021 2020 Depreciation expense $ 2,141 $ 2,283 $ 2,265

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Mortgage Servicing Rights (MSRs)	The table below presents changes in mortgage servicing rights for the years ended December 31, 2022, 2021, and 2020. (in thousands) 2022 2021 2020 Balance at beginning of period $ 2,659 $ 2,445 $ 2,482 Originated mortgage servicing rights 64 400 866 Changes in fair value: Due to changes in model inputs and assumptions (1) 479 258 (422) Other changes in fair value (2) (303) (444) (481) Total changes in fair value 176 (186) (903) Balance at end of period $ 2,899 $ 2,659 $ 2,445 (1) The change in fair value resulting from changes in valuation inputs or assumptions used in the valuation model reflects the change in discount rates and prepayment speed assumptions primarily due to changes in interest rates. (2) Other changes in fair value reflect changes due to customer payments and passage of time.
Schedule of Key Data and Assumptions Used in Estimating the Fair Value of the Company's MSRs	The following key data and assumptions were used in estimating the fair value of the Company's mortgage servicing rights as of December 31, 2022 and 2021: 2022 2021 Weighted average constant prepayment rate 6.61 % 10.65 % Weighted average note rate 3.43 % 3.37 % Weighted average discount rate 11.25 % 8.00 % Weighted average expected life (in years) 7.2 6.1

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Schedule of Maturities of Total Time Deposits	The scheduled maturities of total time deposits at December 31, 2022 were as follows: (in thousands) Due within: 2023 $ 182,953 2024 58,224 2025 5,998 2026 1,842 2027 6,017 Thereafter — Total $ 255,034

Federal Funds Purchased and S_2

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Tables)	12 Months Ended
	Dec. 31, 2022
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract]
Schedule of Federal Funds Purchased and Securities Sold Under Agreements to Repurchase	Information relating to federal funds purchased and repurchase agreements is as follows: (in thousands) Year End Average Average Maximum Balance at December 31, 2022 Federal funds purchased 4.71 % 3.82 % $ 32 $ — $ — Short-term repurchase agreements - Bank 1.47 0.63 7,950 22,048 5,187 Total $ 7,982 $ 22,048 $ 5,187 2021 Federal funds purchased 0.43 % 0.34 % $ 1 $ — $ — Short-term repurchase agreements - Bank 0.27 0.25 34,448 55,942 23,829 Total $ 34,449 $ 55,942 $ 23,829
Schedule of Repurchase Agreements by Remaining Maturity of the Agreements	The collateral amounts pledged to repurchase agreements by remaining maturity in the table below are limited to the outstanding balances of the related asset or liability; thus amounts of excess collateral are not shown. Repurchase Agreements Remaining Contractual Maturity of the Agreements (in thousands) Overnight Less Greater Total At December 31, 2022 U.S. government-sponsored enterprises $ 5,187 $ — $ — $ 5,187 Total $ 5,187 $ — $ — $ 5,187 At December 31, 2021 U.S. government-sponsored enterprises $ 9,113 $ — $ — $ 9,113 Mortgage-backed securities 14,716 — — 14,716 Total $ 23,829 $ — $ — $ 23,829

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Maturity of Remaining Operating Leases Liabilities	The table below summarizes the maturity of remaining operating lease liabilities: Lease payments due in: Operating (in thousands) 2023 $ 367 2024 258 2025 257 2026 259 2027 262 Thereafter 309 Total lease payments 1,712 Less imputed interest (179) Total lease liabilities, as reported $ 1,533

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Other Borrowings	FHLB and other borrowings of the Company consisted of the following: 2022 2021 (in thousands) Borrower Maturity Year End Year End Year End Year End FHLB advances The Bank 2022 $ — — % $ 9,418 1.33 % 2023 21,000 2.64 % 11,000 1.05 % 2024 16,000 2.30 % 11,000 1.17 % 2025 20,000 1.99 % 15,000 1.17 % 2026 13,000 1.09 % 13,000 1.09 % 2027 17,500 3.28 % 7,500 2.05 % Thereafter 10,500 1.61 % 10,500 1.61 % Total Bank $ 98,000 $ 77,418 Subordinated notes The Company 2034 $ 25,774 7.44 % $ 25,774 2.92 % 2035 23,712 6.57 % 23,712 2.05 % Total Company $ 49,486 $ 49,486

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	The composition of income tax expense for the years ended December 31, 2022, 2021, and 2020 was as follows: (in thousands) 2022 2021 2020 Current: Federal $ 4,591 $ 5,351 $ 4,268 State (134) 630 — Total current 4,457 5,981 4,268 Deferred: Federal (119) (284) (1,085) State — — — Total deferred (119) (284) (1,085) Total income tax expense $ 4,338 $ 5,697 $ 3,183
Schedule of Applicable Income Tax Expense	Applicable income tax expense for financial reporting purposes differs from the amount computed by applying the statutory federal income tax rate for the reasons noted in the table for the years ended December 31, 2022, 2021, and 2020 are as follows: 2022 2021 2020 (in thousands) Amount % Amount % Amount % Income before provision for income tax expense $ 25,089 $ 28,214 $ 17,476 Tax at statutory federal income tax rate $ 5,269 21.00 % $ 5,925 21.00 % $ 3,670 21.00 % Tax-exempt income, net (821) (3.27) (733) (2.60) (487) (2.79) State income tax, net of federal tax benefit (106) (0.42) 498 1.76 — — Other, net (4) (0.02) 7 0.03 — — Provision for income tax expense $ 4,338 17.29 % $ 5,697 20.19 % $ 3,183 18.21 %
Schedule of Deferred Tax Assets and Deferred Tax Liabilities	The components of deferred tax assets and deferred tax liabilities at December 31, 2022 and 2021 were as follows: (in thousands) 2022 2021 Deferred tax assets: Allowance for loan losses $ 3,267 $ 2,961 Securities 9,714 — Pension — 262 Other real estate owned 559 611 Deferred loan fees 462 401 Lease liability 322 386 Intangible assets 18 20 Accrued / deferred compensation 668 581 Other 420 392 Total deferred tax assets $ 15,430 $ 5,614 Deferred tax liabilities: Premises and equipment $ 427 $ 428 Mortgage servicing rights 609 558 Deferred loan costs 422 327 Pension 378 — Right-of-use asset 313 378 Prepaid expenses 456 409 Securities — 117 Other 9 5 Total deferred tax liabilities 2,614 2,222 Net deferred tax assets $ 12,816 $ 3,392

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of Change in the Components of the Accumulated Other Comprehensive Loss	The following table summarizes the change in the components of the Company's accumulated other comprehensive loss for the years ended December 31, as indicated. (in thousands) Unrealized Unrecognized Net Accumulated Balance, December 31, 2020 $ 3,353 $ (1,825) $ 1,528 Other comprehensive income (loss), before reclassifications (3,690) 367 (3,323) Amounts reclassified from accumulated other comprehensive income (loss) (96) 5,653 5,557 Other comprehensive income (loss), before tax (3,786) 6,020 2,234 Income tax (expense) benefit 795 (1,264) (469) Other comprehensive income (loss), net of tax (2,991) 4,756 1,765 Balance, December 31, 2021 $ 362 $ 2,931 $ 3,293 Other comprehensive income (loss), before reclassifications (46,860) — (46,860) Amounts reclassified from accumulated other comprehensive income (loss) — 2,547 2,547 Other comprehensive income (loss), before tax (46,860) 2,547 (44,313) Income tax (expense) benefit 9,841 (535) 9,306 Other comprehensive income (loss), net of tax (37,019) 2,012 (35,007) Balance, December 31, 2022 $ (36,657) $ 4,943 $ (31,714) (1) The pre-tax amounts reclassified from accumulated other comprehensive income (loss) income are included in gains (losses) on sale of investment securities in the consolidated statements of income. (2) The pre-tax amounts reclassified from accumulated other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 13.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Employee Benefits Charged to Operating Expenses	Employee benefits charged to operating expenses are summarized in the table below for the years ended December 31, 2022, 2021, and 2020 are as follows: (in thousands) 2022 2021 2020 Payroll taxes $ 1,443 $ 1,403 $ 1,273 Medical plans 1,771 1,860 1,854 401(k) match and profit sharing 1,573 1,829 1,586 Periodic pension cost 1,608 1,796 1,614 Other 50 52 59 Total employee benefits $ 6,445 $ 6,940 $ 6,386
Schedule of Obligations and Funded Status	Obligations and Funded Status at December 31, 2022 and December 31, 2021 consist of the following: (in thousands) 2022 2021 Change in projected benefit obligation: Balance, January 1 $ 38,661 $ 36,957 Service cost 1,491 1,692 Interest cost 1,174 1,072 Actuarial loss (11,301) (232) Benefits paid (894) (828) Balance, December 31, $ 29,131 $ 38,661 Change in plan assets: Fair value, January 1 $ 37,416 $ 30,084 Actual return on plan assets (6,475) 7,278 Employer contribution 1,000 1,000 Expenses paid (115) (118) Benefits paid (894) (828) Fair value, December 31, $ 30,932 $ 37,416 Funded status at end of year $ 1,801 $ (1,245) Accumulated benefit obligation $ 24,265 $ 30,690 Amounts recognized in the statement of financial position consist of the following: (in thousands) 2022 2021 Non-current assets $ 1,801 $ — Current liabilities — — Non-current liabilities — (1,245) Net asset (liability) at end of year $ 1,801 $ (1,245)
Schedule of Components of Net Pension Cost	The following items are components of net pension cost for the years ended December 31, 2022, 2021, and 2020 are as follows: (in thousands) 2022 2021 2020 Service cost - benefits earned during the year $ 1,491 $ 1,692 $ 1,614 Interest costs on projected benefit obligations (a) 1,174 1,072 1,127 Expected return on plan assets (a) (2,282) (1,843) (1,598) Expected administrative expenses (a) 118 104 110 Amortization of prior service cost (a) — — 50 Amortization of unrecognized net loss (a) — 367 164 Net periodic pension cost $ 501 $ 1,392 $ 1,467 (a) The components of net periodic pension cost other than the service cost component are included in other non-interest expense.
Schedule of Accumulated Other Comprehensive Loss	Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive (loss) income at December 31, 2022 and 2021 are shown below, including amounts recognized in other comprehensive income during the periods. All amounts are shown on a pre-tax basis. (in thousands) 2022 2021 Prior service costs $ — $ — Net accumulated actuarial net loss 6,256 3,710 Accumulated other comprehensive loss 6,256 3,710 Net periodic benefit cost in excess of cumulative employer contributions (4,455) (4,955) Net amount recognized at December 31, balance sheet $ 1,801 $ (1,245) Net actuarial gain (loss) arising during period $ 2,547 $ 5,653 Prior service cost amortization — — Amortization of net actuarial loss — 367 Total recognized in other comprehensive income (loss) $ 2,547 $ 6,020 Total recognized in net periodic pension cost and other comprehensive (loss) income $ (2,046) $ (4,628)
Schedule of Assumptions Utilized	Assumptions utilized to determine benefit obligations as of December 31, 2022, 2021, and 2020 and to determine pension expense for the years then ended are as follows: 2022 2021 2020 Determination of benefit obligation at year end: Discount rate 5.10 % 3.10 % 2.80 % Annual rate of compensation increase 4.50 % 4.50 % 4.50 % Determination of pension expense for year ended: Discount rate for the service cost 3.10 % 2.80 % 3.45 % Annual rate of compensation increase 4.50 % 4.50 % 4.00 % Expected long-term rate of return on plan assets 6.75 % 6.75 % 6.75 %
Schedule of Fair Value of Pension Plan Assets	uring the past five years, the Company's plan assets have experienced the following annual returns: (in thousands) 2022 2021 2020 2019 2018 Plan Assets: Actual rate of return (17.0)% 22.1% 19.7% 25.8% (6.2)% The fair value of the Company's pension plan assets at December 31, 2022 and 2021 by asset category was as follows: Fair Value Measurements (in thousands) Fair Value Quoted Prices Other Significant December 31, 2022 Cash equivalents $ 1,772 $ 1,772 $ — $ — U.S government agency obligations 491 — 491 — Equity securities 1,518 1,518 — — Mutual funds 27,151 27,151 — — Total $ 30,932 $ 30,441 $ 491 $ — December 31, 2021 Cash equivalents $ 1,449 $ 1,449 $ — $ — Corporate bonds 303 — 303 — Equity securities 1,774 1,774 — — Mutual funds 33,890 33,890 — — Total $ 37,416 $ 37,113 $ 303 $ —
Schedule of Future Benefit Payments	The following future benefit payments are expected to be paid: Year Pension (in thousands) 2023 $ 1,037 2024 1,038 2025 1,104 2026 1,190 2027 1,340 2028 to 2032 8,873

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Calculations of Basic and Diluted Earnings Per Common Share	Presented below is a summary of the components used to calculate basic and diluted earnings per common share, which have been restated for all stock dividends. (dollars in thousands, except per share data) 2022 2021 2020 Net income available to shareholders $ 20,751 $ 22,517 $ 14,293 Average shares outstanding 6,792,312 6,877,402 7,004,629 Basic earnings per share $ 3.06 $ 3.27 $ 2.04 Diluted earnings per share $ 3.06 $ 3.27 $ 2.04

Capital Requirements (Tables)

Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of Capital Adequacy Requirements of Regulatory Capital Ratios	Under the Basel III Capital Rules, at December 31, 2022 and December 31, 2021, the Company met all capital adequacy requirements and had regulatory capital ratios in excess of the levels established for well-capitalized institutions, as shown in the following table as of years indicated: Actual Minimum Capital Required to be (in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2022 Total Capital (to risk-weighted assets): Company $ 222,873 13.85 % $ 169,025 10.50 % $ — N.A% Bank 221,066 13.78 % 168,431 10.50 % 160,410 10.00 % Tier 1 Capital (to risk-weighted assets): Company $ 201,595 12.52 % $ 136,830 8.50 % $ — N.A% Bank 205,318 12.80 % 136,349 8.50 % 128,328 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets): Company $ 159,125 9.89 % $ 112,684 7.00 % $ — N.A% Bank 205,318 12.80 % 112,287 7.00 % 104,267 6.50 % Tier 1 leverage ratio (to adjusted average assets): Company $ 201,595 10.76 % $ 74,936 4.00 % $ — N.A% Bank 205,318 10.85 % 75,678 4.00 % 94,598 5.00 % December 31, 2021 Total Capital (to risk-weighted assets): Company $ 210,726 14.79 % $ 149,640 10.50 % $ — N.A% Bank 210,148 14.78 % 149,339 10.50 % 142,228 10.00 % Tier 1 Capital (to risk-weighted assets): Company $ 193,663 13.59 % $ 121,137 8.50 % $ — N.A% Bank 193,085 13.58 % 120,894 8.50 % 113,782 8.00 % Common Equity Tier 1 Capital (to risk-weighted assets) Company $ 145,663 10.22 % $ 99,760 7.00 % $ — N.A% Bank 193,085 13.58 % 99,559 7.00 % 92,448 6.50 % Tier 1 leverage ratio: Company $ 193,663 11.01 % $ 70,342 4.00 % $ — N.A% Bank 193,085 11.04 % 69,959 4.00 % 87,449 5.00 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Recorded at Fair Value on a Recurring Basis	Fair Value Measurements (in thousands) Fair Value Quoted Prices Other Significant December 31, 2022 Assets: U.S. Treasury $ 2,152 $ 2,152 $ — $ — U.S. government and federal agency obligations 559 — 559 — U.S. government-sponsored enterprises 23,777 — 23,777 — Obligations of states and political subdivisions 109,440 — 109,440 — Mortgage-backed securities 102,699 — 102,699 — Other debt securities 10,943 — 10,943 — Bank-issued trust preferred securities 1,177 — 1,177 — Equity securities 46 46 — — Interest rate lock commitments 20 — — 20 Forward sale commitments 3 — 3 — Loans held for sale 591 — 591 — Mortgage servicing rights 2,899 — — 2,899 Total $ 254,306 $ 2,198 $ 249,189 $ 2,919 Liabilities: Interest rate lock commitments $ 18 $ — $ — $ 18 Forward sale commitments 3 — 3 — Total $ 21 $ — $ 3 $ 18 December 31, 2021 Assets: U.S. Treasury $ 3,917 $ 3,917 $ — $ — U.S. government and federal agency obligations 1,319 — 1,319 — U.S. government-sponsored enterprises 26,372 — 26,372 — Obligations of states and political subdivisions 129,224 — 129,224 — Mortgage-backed securities 136,466 — 136,466 — Other debt securities 12,284 — 12,284 — Bank-issued trust preferred securities 1,288 — 1,288 — Equity securities 60 60 — — Interest rate lock commitments 312 — — 312 Forward sale commitments 12 — 12 — Loans held for sale 2,249 — 2,249 — Mortgage servicing rights 2,659 — — 2,659 Total $ 316,162 $ 3,977 $ 309,214 $ 2,971 Liabilities: Interest rate lock commitments $ 26 $ — $ — $ 26 Total $ 26 $ — $ — $ 26
Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis	The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows: (in thousands) Fair Value Measurements Using Fair Value Measurements Using Balance at December 31, 2020 $ 2,445 $ — Total (losses) or gains (realized/unrealized): Included in earnings (186) — Included in other comprehensive income — — Purchases — — Sales — — Issues 400 286 Settlements — — Balance at December 31, 2021 $ 2,659 $ 286 Total (losses) or gains (realized/unrealized): Included in earnings 176 (24) Included in other comprehensive income — — Purchases — — Sales — (407) Issues 64 147 Settlements — — Balance at December 31, 2022 $ 2,899 $ 2
Schedule of Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis	Fair Value Measurements Using (in thousands) Total Quoted Prices Other Significant Total Gains December 31, 2022 Assets: Collateral dependent impaired loans: Real estate mortgage - commercial $ 17,664 $ — $ — $ 17,664 $ (51) Installment and other consumer — — — — (40) Total $ 17,664 $ — $ — $ 17,664 $ (91) Other real estate and repossessed assets $ 8,795 $ — $ — $ 8,795 $ 233 December 31, 2021 Assets: Collateral dependent impaired loans: Commercial, financial, & agricultural $ — $ — $ — $ — $ (46) Real estate mortgage - residential 264 — — 264 (22) Real estate mortgage - commercial 21,133 — — 21,133 (43) Installment and other consumer — — — — (7) Total $ 21,397 $ — $ — $ 21,397 $ (118) Other real estate and repossessed assets $ 10,525 $ — $ — $ 10,525 $ (935) * Total gains (losses) reported for other real estate owned and repossessed assets includes charge-offs, valuation write-downs, and net losses taken during the periods reported.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Amounts and Fair Values of Financial Instruments	A summary of the carrying amounts and fair values of the Company's financial instruments at December 31, 2022 and 2021 is as follows: December 31, 2022 Fair Value Measurements December 31, 2022 Quoted Prices Other Net (in thousands) Carrying Fair Assets Inputs Inputs Assets: Cash and due from banks $ 18,661 $ 18,661 $ 18,661 $ — $ — Federal funds sold and overnight interest-bearing deposits 65,059 65,059 65,059 — — Certificates of deposit in other banks 2,955 2,955 2,955 — — Available for sale securities 250,747 250,747 2,152 248,595 — Other investment securities 6,353 6,353 46 6,307 — Loans, net 1,505,664 1,389,018 — — 1,389,018 Loans held for sale 591 591 — 591 — Cash surrender value - life insurance 2,567 2,567 — 2,567 — Interest rate lock commitments 20 20 — — 20 Forward sale commitments 3 3 — 3 — Accrued interest receivable 7,953 7,953 7,953 — — Total $ 1,860,573 $ 1,743,927 $ 96,826 $ 258,063 $ 1,389,038 Liabilities: Deposits: Non-interest bearing demand $ 453,443 $ 453,443 $ 453,443 $ — $ — Savings, interest checking and money market 923,602 923,602 923,602 — — Time deposits 255,034 250,433 — — 250,433 Federal funds purchased and securities sold under agreements to repurchase 5,187 5,187 5,187 — — Federal Home Loan Bank advances and other borrowings 98,000 98,000 — 98,000 — Subordinated notes 49,486 39,197 — 39,197 — Interest rate lock commitments 18 18 — — 18 Forward sale commitments 3 3 — 3 — Accrued interest payable 902 902 902 — — Total $ 1,785,675 $ 1,770,785 $ 1,383,134 $ 137,200 $ 250,451 December 31, 2021 Fair Value Measurements December 31, 2021 Quoted Prices Other Net (in thousands) Carrying Fair Assets Inputs Inputs Assets: Cash and due from banks $ 17,287 $ 17,287 $ 17,287 $ — $ — Federal funds sold and overnight interest-bearing deposits 142,622 142,622 142,622 — — Certificates of deposit in other banks 5,193 5,193 5,193 — — Available-for-sale securities 310,870 310,870 3,917 306,953 — Other investment securities 5,408 5,408 60 5,348 — Loans, net 1,285,230 1,308,539 — — 1,308,539 Loans held for sale 2,249 2,249 — 2,249 — Cash surrender value - life insurance 2,509 2,509 — 2,509 — Interest rate lock commitments 312 312 — — 312 Forward sale commitments 12 12 — 12 — Accrued interest receivable 6,621 6,621 6,621 — — Total $ 1,778,313 $ 1,801,622 $ 175,700 $ 317,071 $ 1,308,851 Liabilities: Deposits: Non-interest bearing demand $ 453,066 $ 453,066 $ 453,066 $ — $ — Savings, interest checking and money market 818,358 818,358 818,358 — — Time deposits 245,396 246,025 — — 246,025 Federal funds purchased and securities sold under agreements to repurchase 23,829 23,829 23,829 — — Federal Home Loan Bank advances and other borrowings 77,418 78,152 — 78,152 — Subordinated notes 49,486 42,908 — 42,908 — Interest rate lock commitments 26 26 — — 26 Accrued interest payable 282 282 282 — — Total $ 1,667,861 $ 1,662,646 $ 1,295,535 $ 121,060 $ 246,051

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contractual Amount of Off-Balance-Sheet Financial Instruments	The contractual amount of off-balance-sheet financial instruments as of December 31, 2022 and 2021 is as follows: (in thousands) 2022 2021 Commitments to extend credit $ 388,264 $ 396,958 Interest rate lock commitments 6,331 16,161 Forward sale commitments 576 2,199 Standby letters of credit 49,740 35,514 Total 444,911 450,832

Condensed Financial Informati_2

Condensed Financial Information of the Parent Company Only (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Balance Sheets	Following are the condensed financial statements of Hawthorn Bancshares, Inc. (Parent only) as of and for the years indicated: Condensed Balance Sheets December 31, (in thousands) 2022 2021 Assets Cash and due from bank subsidiaries $ 2,464 $ 1,805 Investment in bank-issued trust preferred securities 1,177 1,288 Investment in subsidiaries 172,752 197,243 Deferred tax asset 49 589 Other assets 3,490 1,238 Total assets $ 179,932 $ 202,163 Liabilities and Stockholders’ Equity Subordinated notes $ 49,486 $ 49,486 Other liabilities 3,035 3,721 Stockholders’ equity 127,411 148,956 Total liabilities and stockholders’ equity $ 179,932 $ 202,163
Schedule of Condensed Statements of Income	Condensed Statements of Income For the Years Ended December 31, (in thousands) 2022 2021 2020 Income Interest and dividends received from subsidiaries $ 11,497 $ 8,512 $ 4,946 Other 1,108 404 — Total income 12,605 8,916 4,946 Expenses Interest on subordinated notes 2,072 1,227 1,527 Other 3,191 3,200 2,692 Total expenses 5,263 4,427 4,219 Income before income tax benefit and equity in undistributed income of subsidiaries 7,342 4,489 727 Income tax benefit 859 837 876 Equity in undistributed income of subsidiaries 12,550 17,191 12,690 Net income $ 20,751 $ 22,517 $ 14,293
Schedule of Condensed Statements of Cash Flows	Condensed Statements of Cash Flows For the Years Ended December 31, (in thousands) 2022 2021 2020 Cash flows from operating activities: Net income $ 20,751 $ 22,517 $ 14,293 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiaries (12,550) (17,191) (12,690) Decrease in deferred tax asset 540 907 432 Other, net (1,060) (607) 1,031 Net cash provided by operating activities $ 7,681 $ 5,626 $ 3,066 Cash flows from investing activities: (Increase) decrease in investment in subsidiaries, net $ 110 $ (70) $ 307 Net cash provided by (used in) investing activities $ 110 $ (70) $ 307 Cash flows from financing activities: Cash dividends paid - common stock $ (4,240) $ (3,616) $ (3,030) Purchase of treasury stock (2,892) (2,148) (906) Net cash used in financing activities $ (7,132) $ (5,764) $ (3,936) Net increase (decrease) in cash and due from banks 659 (208) (563) Cash and due from banks at beginning of year 1,805 2,013 2,576 Cash and due from banks at end of year $ 2,464 $ 1,805 $ 2,013

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)			12 Months Ended
	Jul. 01, 2022	Jun. 15, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary Of Significant Accounting Policies
Loans held for sale, at lower of cost or fair value			$ 591,000	$ 2,249,000
Period of employees highest compensation before retirement			10 years
Tax liabilities related to uncertain tax positions			$ 0	$ 0	$ 0
Special stock dividend, rate percent (in percent)	4%	4%
Buildings and improvements | Minimum
Summary Of Significant Accounting Policies
Estimated useful lives			5 years
Buildings and improvements | Maximum
Summary Of Significant Accounting Policies
Estimated useful lives			40 years
Furniture and Fixtures | Minimum
Summary Of Significant Accounting Policies
Estimated useful lives			3 years
Furniture and Fixtures | Maximum
Summary Of Significant Accounting Policies
Estimated useful lives			15 years
Federal Home Loan Bank of Des Moines
Summary Of Significant Accounting Policies
Investment in capital stock of Federal Home Loan Bank required percentage of advances (in percent)			4%

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Schedule of Summary of Loans, by Major Class Within the Company's Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Allowance for Loan Losses
Loans held for investment	$ 1,521,252	$ 1,302,133
SBA PPA loans, net	10
Commercial, financial, and agricultural
Loans and Allowance for Loan Losses
Loans held for investment	244,549	217,214
Real estate construction − residential and Real estate mortgage − residential
Loans and Allowance for Loan Losses
SBA PPA loans, net		8,400
Real estate construction − residential and Real estate mortgage − residential | Construction
Loans and Allowance for Loan Losses
Loans held for investment	32,095	27,920
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Loans and Allowance for Loan Losses
Loans held for investment	361,025	279,346
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Loans and Allowance for Loan Losses
Loans held for investment	137,235	91,369
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Loans and Allowance for Loan Losses
Loans held for investment	722,729	663,256
Installment and other consumer
Loans and Allowance for Loan Losses
Loans held for investment	$ 23,619	$ 23,028

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Loans Pledged (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Net loans	$ 1,505,664	$ 1,285,230
Asset Pledged as Collateral without Right | FHLB advances
Financing Receivable, Allowance for Credit Loss [Line Items]
Net loans	$ 681,800

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Schedule of Loans to Directors and Executive Officers (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Loans and Leases Receivable, Related Parties [Roll Forward]
Beginning balance	$ 2,478
New loans	10,729
Amounts collected	(3,792)
Ending balance	$ 9,415

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of the allowance for loan losses
Balance at beginning of period	$ 16,903	$ 18,113	$ 12,477
Additions:
(Release of) provision for loan losses	(900)	(1,700)	5,800
Deductions:
Loans charged off	637	488	509
Less recoveries on loans	(222)	(978)	(345)
Net loans charged off (recoveries)	415	(490)	164
Balance at end of period	$ 15,588	16,903	18,113
Amount of PPP loans funded during the period		47,500	88,400
Percentage credit guarantee from the SBA for the PPP loans (in percent)	100%
Allowance for PPP loans	$ 0
SBA PPA loans, net	$ 10
SBA PPP loans interest rate	1%
Individually evaluated for impairment	$ 258	3,044
Collectively evaluated for impairment	15,330	13,859
Individually evaluated for impairment	20,361	27,254
Collectively evaluated for impairment	1,500,891	1,274,879
Total	1,521,252	1,302,133
Commercial, Financial, and Agricultural
Summary of the allowance for loan losses
Balance at beginning of period	2,717	5,121	2,918
Additions:
(Release of) provision for loan losses	97	(2,431)	2,241
Deductions:
Loans charged off	135	194	207
Less recoveries on loans	(56)	(221)	(169)
Net loans charged off (recoveries)	79	(27)	38
Balance at end of period	2,735	2,717	5,121
Individually evaluated for impairment	36	42
Collectively evaluated for impairment	2,699	2,675
Individually evaluated for impairment	295	341
Collectively evaluated for impairment	244,254	216,873
Total	244,549	217,214
Real estate construction − residential and Real estate mortgage − residential
Deductions:
SBA PPA loans, net		8,400
Real estate construction − residential and Real estate mortgage − residential | Construction
Summary of the allowance for loan losses
Balance at beginning of period	137	213	64
Additions:
(Release of) provision for loan losses	20	(89)	85
Deductions:
Loans charged off	0	0	0
Less recoveries on loans	0	(13)	(64)
Net loans charged off (recoveries)	0	(13)	(64)
Balance at end of period	157	137	213
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	157	137
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	32,095	27,920
Total	32,095	27,920
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Summary of the allowance for loan losses
Balance at beginning of period	2,482	2,679	2,118
Additions:
(Release of) provision for loan losses	802	(365)	568
Deductions:
Loans charged off	0	22	52
Less recoveries on loans	(45)	(190)	(45)
Net loans charged off (recoveries)	(45)	(168)	7
Balance at end of period	3,329	2,482	2,679
Individually evaluated for impairment	148	166
Collectively evaluated for impairment	3,181	2,316
Individually evaluated for impairment	1,863	2,391
Collectively evaluated for impairment	359,162	276,955
Total	361,025	279,346
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Summary of the allowance for loan losses
Balance at beginning of period	588	475	369
Additions:
(Release of) provision for loan losses	265	(362)	106
Deductions:
Loans charged off	0	0	0
Less recoveries on loans	(22)	(475)	0
Net loans charged off (recoveries)	(22)	(475)	0
Balance at end of period	875	588	475
Individually evaluated for impairment	11	13
Collectively evaluated for impairment	864	575
Individually evaluated for impairment	87	105
Collectively evaluated for impairment	137,148	91,264
Total	137,235	91,369
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Summary of the allowance for loan losses
Balance at beginning of period	10,662	9,354	6,547
Additions:
(Release of) provision for loan losses	(2,492)	1,348	2,838
Deductions:
Loans charged off	181	43	39
Less recoveries on loans	(11)	(3)	(8)
Net loans charged off (recoveries)	170	40	31
Balance at end of period	8,000	10,662	9,354
Individually evaluated for impairment	62	2,815
Collectively evaluated for impairment	7,938	7,847
Individually evaluated for impairment	18,110	24,357
Collectively evaluated for impairment	704,619	638,899
Total	722,729	663,256
Installment and other consumer
Summary of the allowance for loan losses
Balance at beginning of period	256	264	381
Additions:
(Release of) provision for loan losses	303	145	35
Deductions:
Loans charged off	321	229	211
Less recoveries on loans	(88)	(76)	(59)
Net loans charged off (recoveries)	233	153	152
Balance at end of period	326	256	264
Individually evaluated for impairment	1	8
Collectively evaluated for impairment	325	248
Individually evaluated for impairment	6	60
Collectively evaluated for impairment	23,613	22,968
Total	23,619	23,028
Un- allocated
Summary of the allowance for loan losses
Balance at beginning of period	61	7	80
Additions:
(Release of) provision for loan losses	105	54	(73)
Deductions:
Loans charged off	0	0	0
Less recoveries on loans	0	0	0
Net loans charged off (recoveries)	0	0	0
Balance at end of period	166	61	$ 7
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	166	61
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total	$ 0	$ 0

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses and Recorded Investment by Portfolio Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for loan losses:
Individually evaluated for impairment	$ 258	$ 3,044
Collectively evaluated for impairment	15,330	13,859
Total	15,588	16,903	$ 18,113	$ 12,477
Loans outstanding:
Individually evaluated for impairment	20,361	27,254
Collectively evaluated for impairment	1,500,891	1,274,879
Total	1,521,252	1,302,133
Commercial, Financial, and Agricultural
Allowance for loan losses:
Individually evaluated for impairment	36	42
Collectively evaluated for impairment	2,699	2,675
Total	2,735	2,717	5,121	2,918
Loans outstanding:
Individually evaluated for impairment	295	341
Collectively evaluated for impairment	244,254	216,873
Total	244,549	217,214
Real estate construction − residential and Real estate mortgage − residential | Construction
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	157	137
Total	157	137	213	64
Loans outstanding:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	32,095	27,920
Total	32,095	27,920
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Allowance for loan losses:
Individually evaluated for impairment	148	166
Collectively evaluated for impairment	3,181	2,316
Total	3,329	2,482	2,679	2,118
Loans outstanding:
Individually evaluated for impairment	1,863	2,391
Collectively evaluated for impairment	359,162	276,955
Total	361,025	279,346
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Allowance for loan losses:
Individually evaluated for impairment	11	13
Collectively evaluated for impairment	864	575
Total	875	588	475	369
Loans outstanding:
Individually evaluated for impairment	87	105
Collectively evaluated for impairment	137,148	91,264
Total	137,235	91,369
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Allowance for loan losses:
Individually evaluated for impairment	62	2,815
Collectively evaluated for impairment	7,938	7,847
Total	8,000	10,662	9,354	6,547
Loans outstanding:
Individually evaluated for impairment	18,110	24,357
Collectively evaluated for impairment	704,619	638,899
Total	722,729	663,256
Installment and other consumer
Allowance for loan losses:
Individually evaluated for impairment	1	8
Collectively evaluated for impairment	325	248
Total	326	256	264	381
Loans outstanding:
Individually evaluated for impairment	6	60
Collectively evaluated for impairment	23,613	22,968
Total	23,619	23,028
Un- allocated
Allowance for loan losses:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	166	61
Total	166	61	$ 7	$ 80
Loans outstanding:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	0	0
Total	$ 0	$ 0

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Impaired loans individually evaluated for impairment	$ 20,361	$ 27,254
Impaired loans were evaluated based on the fair value of the loan's collateral	17,700	24,200
Individually evaluated for impairment	258	3,044
Impaired loans with no reserve allocation	$ 17,664	$ 16,627
Impaired loans required no reserve allocation, percentage (in percent)	87%	61%

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Schedule of Categories of Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Categories of impaired loans
Non-Accrual	$ 18,700	$ 25,459
Performing TDRs	1,661	1,795
Total impaired loans	$ 20,361	$ 27,254

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Schedule of Impaired Loans with Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Impaired loans
Recorded Investment, With no related allowance recorded	$ 17,664	$ 16,627
Unpaid Principal Balance, With no related allowance recorded	18,975	17,209
Recorded Investment, With an allowance recorded	2,697	10,627
Unpaid Principal Balance, With an allowance recorded	3,078	11,445
Specific Reserves, With an allowance recorded	258	3,044
Total impaired loans	20,361	27,254
Total impaired loans, Unpaid Principal Balance	22,053	28,654
Commercial, Financial, and Agricultural
Impaired loans
Recorded Investment, With an allowance recorded	295	341
Unpaid Principal Balance, With an allowance recorded	330	374
Specific Reserves, With an allowance recorded	36	42
Real estate construction − residential and Real estate mortgage − residential
Impaired loans
Recorded Investment, With no related allowance recorded		1,034
Unpaid Principal Balance, With no related allowance recorded		1,152
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Impaired loans
Recorded Investment, With an allowance recorded	1,863	1,357
Unpaid Principal Balance, With an allowance recorded	2,080	1,730
Specific Reserves, With an allowance recorded	148	166
Real estate construction − commercial and Real estate mortgage − commercial
Impaired loans
Recorded Investment, With no related allowance recorded	17,664	15,593
Unpaid Principal Balance, With no related allowance recorded	18,975	16,057
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Impaired loans
Recorded Investment, With an allowance recorded	87	105
Unpaid Principal Balance, With an allowance recorded	127	138
Specific Reserves, With an allowance recorded	11	13
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Impaired loans
Recorded Investment, With an allowance recorded	446	8,764
Unpaid Principal Balance, With an allowance recorded	535	9,142
Specific Reserves, With an allowance recorded	62	2,815
Installment and other consumer
Impaired loans
Recorded Investment, With an allowance recorded	6	60
Unpaid Principal Balance, With an allowance recorded	6	61
Specific Reserves, With an allowance recorded	$ 1	$ 8

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Schedule of Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
With no related allowance recorded:
Average Recorded Investment	$ 16,231	$ 20,863
Interest Recognized For the Period Ended	1	74
With an allowance recorded:
Average Recorded Investment	3,119	11,204
Interest Recognized For the Period Ended	137	91
Total average recorded investment	19,350	32,067
Total interest recognized for the period ended	138	165
Commercial, Financial, and Agricultural
With no related allowance recorded:
Average Recorded Investment	0	5,063
Interest Recognized For the Period Ended	0	35
With an allowance recorded:
Average Recorded Investment	319	357
Interest Recognized For the Period Ended	10	21
Real estate construction − commercial and Real estate mortgage − commercial | Construction
With an allowance recorded:
Average Recorded Investment	93	131
Interest Recognized For the Period Ended	97	0
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
With no related allowance recorded:
Average Recorded Investment	16,230	14,639
Interest Recognized For the Period Ended	0	1
With an allowance recorded:
Average Recorded Investment	428	8,974
Interest Recognized For the Period Ended	1	31
Real estate construction − residential and Real estate mortgage − residential | Construction
With an allowance recorded:
Average Recorded Investment	0	47
Interest Recognized For the Period Ended	0	0
Real estate construction − residential and Real estate mortgage − residential | Mortgage
With no related allowance recorded:
Average Recorded Investment	1	1,142
Interest Recognized For the Period Ended	1	38
With an allowance recorded:
Average Recorded Investment	2,189	1,652
Interest Recognized For the Period Ended	29	35
Installment and other consumer
With no related allowance recorded:
Average Recorded Investment	0	19
Interest Recognized For the Period Ended	0	0
With an allowance recorded:
Average Recorded Investment	90	43
Interest Recognized For the Period Ended	$ 0	$ 4

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses - Schedule of Past Due and Non-Accrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Aging information for the Company's past due and non-accrual loans
Loans held for investment	$ 1,521,252	$ 1,302,133
90 Days Past Due And Still Accruing	1	14
Non-Accrual	18,700	25,459
Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	1,501,738	1,275,604
30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	813	1,056
Commercial, Financial, and Agricultural
Aging information for the Company's past due and non-accrual loans
Loans held for investment	244,549	217,214
90 Days Past Due And Still Accruing	0	0
Non-Accrual	121	153
Commercial, Financial, and Agricultural | Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	244,392	217,058
Commercial, Financial, and Agricultural | 30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	36	3
Real estate construction − residential and Real estate mortgage − residential | Construction
Aging information for the Company's past due and non-accrual loans
Loans held for investment	32,095	27,920
90 Days Past Due And Still Accruing	0	0
Non-Accrual	0	0
Real estate construction − residential and Real estate mortgage − residential | Construction | Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	32,095	27,920
Real estate construction − residential and Real estate mortgage − residential | Construction | 30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	0	0
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Aging information for the Company's past due and non-accrual loans
Loans held for investment	361,025	279,346
90 Days Past Due And Still Accruing	0	14
Non-Accrual	685	1,129
Real estate construction − residential and Real estate mortgage − residential | Mortgage | Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	359,672	277,532
Real estate construction − residential and Real estate mortgage − residential | Mortgage | 30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	668	671
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Aging information for the Company's past due and non-accrual loans
Loans held for investment	137,235	91,369
90 Days Past Due And Still Accruing	0	0
Non-Accrual	87	105
Real estate construction − commercial and Real estate mortgage − commercial | Construction | Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	137,148	91,264
Real estate construction − commercial and Real estate mortgage − commercial | Construction | 30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	0	0
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Aging information for the Company's past due and non-accrual loans
Loans held for investment	722,729	663,256
90 Days Past Due And Still Accruing	0	0
Non-Accrual	17,801	24,029
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	704,925	638,982
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | 30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	3	245
Installment and other consumer
Aging information for the Company's past due and non-accrual loans
Loans held for investment	23,619	23,028
90 Days Past Due And Still Accruing	1	0
Non-Accrual	6	43
Installment and other consumer | Current or Less Than 30 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	23,506	22,848
Installment and other consumer | 30 - 89 Days Past Due
Aging information for the Company's past due and non-accrual loans
Loans held for investment	$ 106	$ 137

Loans and Allowance for Loan_13

Loans and Allowance for Loan Losses - Schedule of Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	$ 1,521,252	$ 1,302,133
Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	63,670	69,056
Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	11,106	12,012
Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	1,661	1,795
Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	18,700	25,459
Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	95,137	108,322
Commercial, Financial, and Agricultural
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	244,549	217,214
Commercial, Financial, and Agricultural | Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	7,411	9,219
Commercial, Financial, and Agricultural | Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	6,894	6,284
Commercial, Financial, and Agricultural | Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	174	188
Commercial, Financial, and Agricultural | Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	121	153
Commercial, Financial, and Agricultural | Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	14,600	15,844
Real estate construction − residential and Real estate mortgage − residential | Construction
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	32,095	27,920
Real estate construction − residential and Real estate mortgage − residential | Construction | Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Real estate construction − residential and Real estate mortgage − residential | Construction | Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Real estate construction − residential and Real estate mortgage − residential | Construction | Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Real estate construction − residential and Real estate mortgage − residential | Construction | Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Real estate construction − residential and Real estate mortgage − residential | Construction | Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	361,025	279,346
Real estate construction − residential and Real estate mortgage − residential | Mortgage | Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	5,541	12,185
Real estate construction − residential and Real estate mortgage − residential | Mortgage | Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	500	750
Real estate construction − residential and Real estate mortgage − residential | Mortgage | Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	1,178	1,262
Real estate construction − residential and Real estate mortgage − residential | Mortgage | Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	685	1,129
Real estate construction − residential and Real estate mortgage − residential | Mortgage | Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	7,904	15,326
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	137,235	91,369
Real estate construction − commercial and Real estate mortgage − commercial | Construction | Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	2,677	4,304
Real estate construction − commercial and Real estate mortgage − commercial | Construction | Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	686	2,673
Real estate construction − commercial and Real estate mortgage − commercial | Construction | Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Real estate construction − commercial and Real estate mortgage − commercial | Construction | Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	87	105
Real estate construction − commercial and Real estate mortgage − commercial | Construction | Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	3,450	7,082
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	722,729	663,256
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	48,041	43,348
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	3,026	2,305
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	309	328
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	17,801	24,029
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage | Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	69,177	70,010
Installment and other consumer
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	23,619	23,028
Installment and other consumer | Watch
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Installment and other consumer | Substandard
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	0
Installment and other consumer | Performing TDRs
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	0	17
Installment and other consumer | Non-accrual loans
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	6	43
Installment and other consumer | Total
Credit quality of the loan portfolio using internal rating system reflecting management's risk assessment
Financing receivable	$ 6	$ 60

Loans and Allowance for Loan_14

Loans and Allowance for Loan Losses - TDRs and Loans Held-For-Sale (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Troubled Debt Restructurings
Troubled debt restructurings	$ 1,900	$ 2,400
Amount of specific reserves related to TDRs which were allocated to the allowance for loan losses	$ 200	$ 200
Number of contracts | loan	2	0
Troubled debt restructuring, pre-modification	$ 50
Number of contracts called for default and charged off | loan	0	0
Loans held for sale, at lower of cost or fair value	$ 591	$ 2,249
Non-Performing TDRs - 90 Days Past Due
Troubled Debt Restructurings
Troubled debt restructurings	200	600
Performing TDRs
Troubled Debt Restructurings
Troubled debt restructurings	$ 1,700	$ 1,800

Other Real Estate Acquired in_3

Other Real Estate Acquired in Settlement of Loans - Schedule of Real Estate and Other Assets Acquired in Settlement of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of real estate and other assets acquired in settlement of loans
Total	$ 11,459	$ 13,436	$ 14,905
Less valuation allowance for other real estate owned	(2,664)	(2,911)	$ (2,614)	$ (2,956)
Total other real estate owned	8,795	10,525
Commercial
Summary of real estate and other assets acquired in settlement of loans
Real estate acquired through foreclosure	0	643
Real estate construction − commercial and Real estate mortgage − commercial | Construction
Summary of real estate and other assets acquired in settlement of loans
Real estate acquired through foreclosure	10,094	10,166
Real estate construction − commercial and Real estate mortgage − commercial | Mortgage
Summary of real estate and other assets acquired in settlement of loans
Real estate acquired through foreclosure	1,186	2,510
Real estate construction − residential and Real estate mortgage − residential | Mortgage
Summary of real estate and other assets acquired in settlement of loans
Real estate acquired through foreclosure	$ 179	$ 117

Other Real Estate Acquired in_4

Other Real Estate Acquired in Settlement of Loans - Schedule of Changes in the Net Carrying Amount of Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of real estate acquired in settlement of loans
Balance at beginning of period	$ 13,436	$ 14,905
Additions	162	723
Proceeds from sales	(2,176)	(1,551)
Charge-offs against the valuation allowance for other real estate owned, net	(218)	(668)
Net gain on sales	255	27
Total other real estate owned	11,459	13,436
Less valuation allowance for other real estate owned	(2,664)
Balance at end of period	$ 8,795	$ 10,525

Other Real Estate Acquired in_5

Other Real Estate Acquired in Settlement of Loans - Foreclosure (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Other Real Estate [Abstract]
Consumer mortgage loans in process of foreclosure	$ 0	$ 0.2

Other Real Estate Acquired in_6

Other Real Estate Acquired in Settlement of Loans - Schedule of Activity in Valuation Allowance for Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of activity in valuation allowance for other real estate owned in settlement of loans
Balance, beginning of period	$ 2,911	$ 2,614	$ 2,956
(Release of) provision for other real estate owned	(29)	965	5
Charge-offs	(218)	(668)	(347)
Balance, end of period	$ 2,664	$ 2,911	$ 2,614

Investment Securities - Schedul

Investment Securities - Schedule of Amortized Cost and Fair Value of Debt Securities Available-For-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	$ 297,149	$ 310,411
Gross Unrealized Gains	7	2,964
Gross Unrealized Losses	(46,409)	(2,505)
Fair Value	250,747	310,870
U.S. Treasury
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	2,198	3,909
Gross Unrealized Gains	0	11
Gross Unrealized Losses	(46)	(3)
Fair Value	2,152	3,917
U.S. government and federal agency obligations
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	591	1,314
Gross Unrealized Gains	0	5
Gross Unrealized Losses	(32)	0
Fair Value	559	1,319
U.S. government-sponsored enterprises
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	26,499	26,498
Gross Unrealized Gains	0	70
Gross Unrealized Losses	(2,722)	(196)
Fair Value	23,777	26,372
Obligations of states and political subdivisions
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	134,994	128,093
Gross Unrealized Gains	0	1,605
Gross Unrealized Losses	(25,554)	(474)
Fair Value	109,440	129,224
Mortgage-backed securities
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	119,556	137,286
Gross Unrealized Gains	7	791
Gross Unrealized Losses	(16,864)	(1,611)
Fair Value	102,699	136,466
Other debt securities
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	11,825	11,825
Gross Unrealized Gains	0	482
Gross Unrealized Losses	(882)	(23)
Fair Value	10,943	12,284
Bank issued trust preferred securities
Amortized cost, gross urealized gains and losses, and fair value of debt securities classified as available-for-sale
Total Amortized Cost	1,486	1,486
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(309)	(198)
Fair Value	$ 1,177	$ 1,288

Investment Securities - Securit

Investment Securities - Securities Pledged (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Debt securities with carrying values, pledged	$ 111.6	$ 275.4

Investment Securities - Sched_2

Investment Securities - Schedule of Amortized Cost and Fair Value by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized Cost
Due in one year or less	$ 9,526
Due after one year through five years	17,261
Due after five years through ten years	30,236
Due after ten years	120,570
Total	177,593
Mortgage-backed securities	119,556
Total Amortized Cost	297,149	$ 310,411
Fair Value
Due in one year or less	9,289
Due after one year through five years	16,103
Due after five years through ten years	26,999
Due after ten years	95,657
Total	148,048
Mortgage-backed securities	102,699
Fair Value	$ 250,747	$ 310,870

Investment Securities - Sched_3

Investment Securities - Schedule of Other Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other securities:
FHLB stock	$ 6,156	$ 5,197
MIB stock	151	151
Equity securities with readily determinable fair values	46	60
Total other investment securities	$ 6,353	$ 5,408

Investment Securities - Sched_4

Investment Securities - Schedule of Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value
Less than 12 months	$ 129,820	$ 152,605
12 months or more	119,799	3,152
Total Fair Value	249,619	155,757
Unrealized Losses
Less than 12 months	(19,994)	(2,275)
12 months or more	(26,415)	(230)
Total Unrealized Losses	(46,409)	(2,505)
U.S. Treasury
Fair Value
Less than 12 months	1,908	1,758
12 months or more	244	0
Total Fair Value	2,152	1,758
Unrealized Losses
Less than 12 months	(41)	(3)
12 months or more	(5)	0
Total Unrealized Losses	(46)	(3)
U.S. government and federal agency obligations
Fair Value
Less than 12 months	559
12 months or more	0
Total Fair Value	559
Unrealized Losses
Less than 12 months	(32)
12 months or more	0
Total Unrealized Losses	(32)
U.S. government-sponsored enterprises
Fair Value
Less than 12 months	7,066	18,304
12 months or more	16,711	0
Total Fair Value	23,777	18,304
Unrealized Losses
Less than 12 months	(933)	(196)
12 months or more	(1,789)	0
Total Unrealized Losses	(2,722)	(196)
Obligations of states and political subdivisions
Fair Value
Less than 12 months	79,396	39,221
12 months or more	29,370	0
Total Fair Value	108,766	39,221
Unrealized Losses
Less than 12 months	(15,421)	(474)
12 months or more	(10,133)	0
Total Unrealized Losses	(25,554)	(474)
Mortgage-backed securities
Fair Value
Less than 12 months	33,334	89,520
12 months or more	68,911	1,864
Total Fair Value	102,245	91,384
Unrealized Losses
Less than 12 months	(3,124)	(1,579)
12 months or more	(13,740)	(32)
Total Unrealized Losses	(16,864)	(1,611)
Other debt securities
Fair Value
Less than 12 months	7,557	3,802
12 months or more	3,386	0
Total Fair Value	10,943	3,802
Unrealized Losses
Less than 12 months	(443)	(23)
12 months or more	(439)	0
Total Unrealized Losses	(882)	(23)
Bank issued trust preferred securities
Fair Value
Less than 12 months	0	0
12 months or more	1,177	1,288
Total Fair Value	1,177	1,288
Unrealized Losses
Less than 12 months	0	0
12 months or more	(309)	(198)
Total Unrealized Losses	$ (309)	$ (198)

Investment Securities - Other (

Investment Securities - Other (Details) $ in Thousands	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Investments, Debt and Equity Securities [Abstract]
Number of securities consisted in portfolio | security	439	435
Number of securities in loss position | security	436	134
Aggregate fair value of securities in loss position	$ 249,619	$ 155,757
Loss position for 12 months or longer	119,799	3,152
Aggregate unrealized loss included in accumulated other comprehensive income (loss)	$ 46,409	$ 2,505

Investment Securities - Sched_5

Investment Securities - Schedule of Components of Investment Securities Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Available-for-sale securities:
Gains realized on sales	$ 0	$ 122	$ 49
Losses realized on sales	0	0	(8)
Other-than-temporary impairment recognized	0	0	0
Other investment securities:
Fair value adjustments, net	(14)	27	20
Investment securities gains (losses), net	$ (14)	$ 149	$ 61

Premises and Equipment - Schedu

Premises and Equipment - Schedule of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment
Total	$ 62,165	$ 60,972
Less accumulated depreciation	29,309	28,253
Premises and equipment, net	32,856	32,719
Land and land improvements
Property, Plant and Equipment
Total	9,576	9,481
Buildings and improvements
Property, Plant and Equipment
Total	35,330	35,688
Furniture and equipment
Property, Plant and Equipment
Total	13,245	13,183
Operating leases - right of use asset
Property, Plant and Equipment
Total	2,539	2,538
Construction in progress
Property, Plant and Equipment
Total	$ 1,475	$ 82

Premises and Equipment - Sche_2

Premises and Equipment - Schedule of Depreciation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,141	$ 2,283	$ 2,265

Intangible Assets - Mortgage Se

Intangible Assets - Mortgage Servicing Rights (Details) - Mortgage servicing rights - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Mortgage Servicing Rights
Mortgage loans serviced for others	$ 240.5	$ 270	$ 292.7
Mortgage loan servicing fees reported as non-interest income	$ 0.8	$ 0.8	$ 0.9

Intangible Assets - Schedule of

Intangible Assets - Schedule of Changes in Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in mortgage servicing rights
Balance at beginning of period	$ 2,659
Changes in fair value:
Balance at end of period	$ 2,899	$ 2,659
Servicing Asset, Fair Value, Change in Fair Value, Other, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Mortgage servicing rights
Changes in mortgage servicing rights
Balance at beginning of period	$ 2,659	$ 2,445	$ 2,482
Originated mortgage servicing rights	64	400	866
Changes in fair value:
Due to changes in model inputs and assumptions	479	258	(422)
Other changes in fair value	(303)	(444)	(481)
Total changes in fair value	176	(186)	(903)
Balance at end of period	$ 2,899	$ 2,659	$ 2,445

Intangible Assets - Schedule _2

Intangible Assets - Schedule of FV Assumptions (Details) - Mortgage servicing rights	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Assumptions used in estimating the fair value of mortgage service rights
Weighted average constant prepayment rate	6.61%	10.65%
Weighted average note rate	3.43%	3.37%
Weighted average discount rate	11.25%	8%
Weighted average expected life (in years)	7 years 2 months 12 days	6 years 1 month 6 days

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Time deposits with balances exceeded FDIC insurance limit of $250,000	$ 94.9	$ 69.1
Brokered deposits	40.1	20.2
Average compensating balances	$ 0.5	$ 1.9

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Total Time Deposits (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Due within:
2023	$ 182,953
2024	58,224
2025	5,998
2026	1,842
2027	6,017
Thereafter	0
Total	$ 255,034

Federal Funds Purchased and S_3

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract]
Securities Sold under Agreements to Repurchase	$ 5,187	$ 23,829
Total	$ 5,187	$ 23,829

Federal Funds Purchased and S_4

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Schedule of Federal Funds Purchased and Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Federal funds purchased and securities sold under agreements to repurchase
Average Balance Outstanding	$ 7,982	$ 34,449
Maximum Outstanding at any Month End	22,048	55,942
Ending balance	$ 5,187	$ 23,829
Federal funds purchased
Federal funds purchased and securities sold under agreements to repurchase
Year End Weighted Rate (as a percent)	4.71%	0.43%
Average Weighted Rate (as a percent)	3.82%	0.34%
Average Balance Outstanding	$ 32	$ 1
Maximum Outstanding at any Month End	0	0
Ending balance	$ 0	$ 0
Bank | Short-term repurchase agreements - Bank
Federal funds purchased and securities sold under agreements to repurchase
Year End Weighted Rate (as a percent)	1.47%	0.27%
Average Weighted Rate (as a percent)	0.63%	0.25%
Average Balance Outstanding	$ 7,950	$ 34,448
Maximum Outstanding at any Month End	22,048	55,942
Ending balance	$ 5,187	$ 23,829

Federal Funds Purchased and S_5

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Narrative (Details) - Federal funds purchased $ in Millions	Dec. 31, 2022 USD ($)
Federal funds purchased and securities sold under agreements to repurchase
Maximum borrowing capacity of federal funds on unsecured basis	$ 60
Maximum borrowing capacity of federal funds on secured basis	$ 8.1

Federal Funds Purchased and S_6

Federal Funds Purchased and Securities Sold Under Agreements to Repurchase - Schedule of Repurchase Agreements by Remaining Maturity of the Agreements (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 5,187	$ 23,829
U.S. government-sponsored enterprises
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	5,187	9,113
Mortgage-backed securities
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase		14,716
Overnight and continuous
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	5,187	23,829
Overnight and continuous | U.S. government-sponsored enterprises
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	5,187	9,113
Overnight and continuous | Mortgage-backed securities
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase		14,716
Less than 90 days
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	0	0
Less than 90 days | U.S. government-sponsored enterprises
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	0	0
Less than 90 days | Mortgage-backed securities
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase		0
Greater than 90 days
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	0	0
Greater than 90 days | U.S. government-sponsored enterprises
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 0	0
Greater than 90 days | Mortgage-backed securities
Federal funds purchased and securities sold under agreements to repurchase
Securities sold under agreements to repurchase		$ 0

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases
Operating right-of-use assets	$ 1,500
Operating lease liabilities	$ 1,533	$ 1,837
Weighted-average remaining lease term (in years)	5 years 8 months 12 days
Weighted-average discount rate (as a percent)	4%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Premises and equipment - net
Operating lease cost	$ 400	400
Operating lease expense	$ 100	$ 100
Minimum
Leases
Remaining lease terms (in years)	1 year
Maximum
Leases
Remaining lease terms (in years)	10 years

Leases - Schedule of Maturity o

Leases - Schedule of Maturity of Remaining Operating Leases Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Lease
2023	$ 367
2024	258
2025	257
2026	259
2027	262
Thereafter	309
Total lease payments	1,712
Less imputed interest	(179)
Total lease liabilities, as reported	$ 1,533	$ 1,837

Borrowings - Schedule of Other

Borrowings - Schedule of Other Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Borrowings
Total Bank	$ 98,000	$ 77,418
Year End Balance - Total Company	49,486	49,486
Bank
Borrowings
Total Bank	98,000
Maximum additional borrowing amount under agreement with FHLB	209,900
FHLB advances | Bank
Borrowings
2022	0	9,418
2023	21,000	11,000
2024	16,000	11,000
2025	20,000	15,000
2026	13,000	13,000
2027	17,500	7,500
Thereafter	$ 10,500	$ 10,500
2022 (in percent)	0%	1.33%
2023 (in percent)	2.64%	1.05%
2024 (in percent)	2.30%	1.17%
2025 (in percent)	1.99%	1.17%
2026 (in percent)	1.09%	1.09%
2027 (in percent)	0.0328	0.0205
Thereafter (in percent)	0.0161	0.0161
Subordinated notes due 2034
Borrowings
Year End Balance - Total Company	$ 25,774	$ 25,774
Year End Weighted Rate (in percent)	7.44%	2.92%
Subordinated notes due 2035
Borrowings
Year End Balance - Total Company	$ 23,712	$ 23,712
Year End Weighted Rate (in percent)	6.57%	2.05%

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($) $ in Millions			12 Months Ended
	Mar. 17, 2005	Mar. 17, 2004	Dec. 31, 2022	Dec. 31, 2021
Borrowings
Investment in common securities of the trust			$ 1.2	$ 1.3
Exchange Statutory Trust II
Borrowings
Trust preferred securities issued floating rate Trust Preferred Securities (TPS) to a TPS Pool	$ 23
Term of TPS	30 years
Basis spread on variable rate (in percent)			1.83%
Investment in common securities of the trust	$ 0.7
Investment in preferred interests of the trust by a third party during the period	$ 23
Trust preferred securities, period	5 years
Trust preferred securities, prepayment period	5 years
Exchange Statutory Trust II | Subordinated debentures
Borrowings
Term of subordinated notes	30 years
Exchange Statutory Trust I
Borrowings
Trust preferred securities issued floating rate Trust Preferred Securities (TPS) to a TPS Pool		$ 25
Basis spread on variable rate (in percent)			2.70%
Investment in common securities of the trust		$ 0.8

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal	$ 4,591	$ 5,351	$ 4,268
State	(134)	630	0
Total current	4,457	5,981	4,268
Deferred:
Federal	(119)	(284)	(1,085)
State	0	0	0
Total deferred	(119)	(284)	(1,085)
Total income tax expense	$ 4,338	$ 5,697	$ 3,183

Income Taxes - Schedule of Appl

Income Taxes - Schedule of Applicable Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Amount
Income before provision for income tax expense	$ 25,089	$ 28,214	$ 17,476
Tax at statutory federal income tax rate	5,269	5,925	3,670
Tax-exempt income, net	(821)	(733)	(487)
State income tax, net of federal tax benefit	(106)	498	0
Other, net	(4)	7	0
Total income tax expense	$ 4,338	$ 5,697	$ 3,183
Effective Income Tax Rate Reconciliation, Percent
Tax at statutory federal income tax rate (in percent)	21%	21%	21%	21%
Tax-exempt income, net (in percent)	(3.27%)	(2.60%)	(2.79%)
State income tax, net of federal tax benefit (in percent)	(0.42%)	1.76%	0%
Other, net (in percent)	(0.02%)	0.03%	0%
Provision for income tax expense (in percent)	17.29%	20.19%	18.21%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Tax Credit Carryforward [Line Items]
Federal corporate income tax rate (in percent)	17.29%	20.19%	18.21%
Federal corporate income tax rate (in percent)	21%	21%	21%	21%
Benefit from investment tax credit	$ 100	$ 30
Tax benefit to be generated over the life of the project	300
Current tax expense (benefit)	4,457	5,981	$ 4,268
Securities	$ 9,714	0
Investment Tax Credit Carryforward
Tax Credit Carryforward [Line Items]
Current tax expense (benefit)		4,000
Write-off of Investment
Tax Credit Carryforward [Line Items]
Current tax expense (benefit)		$ 3,700

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowance for loan losses	$ 3,267	$ 2,961
Securities	9,714	0
Pension	0	262
Other real estate owned	559	611
Deferred loan fees	462	401
Lease liability	322	386
Intangible assets	18	20
Accrued / deferred compensation	668	581
Other	420	392
Total deferred tax assets	15,430	5,614
Deferred tax liabilities:
Premises and equipment	427	428
Mortgage servicing rights	609	558
Deferred loan costs	422	327
Pension	378	0
Right-of-use asset	313	378
Prepaid expenses	456	409
Securities	0	117
Other	9	5
Total deferred tax liabilities	2,614	2,222
Net deferred tax assets	$ 12,816	$ 3,392

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ 148,956	$ 130,589
Other comprehensive income (loss), before reclassifications	(46,860)	(3,323)
Amounts reclassified from accumulated other comprehensive income (loss)	2,547	5,557
Other comprehensive income (loss), before tax	(44,313)	2,234
Income tax (expense) benefit	9,306	(469)
Other comprehensive income (loss), net of tax	(35,007)	1,765
Ending balance	127,411	148,956
Unrealized Income (Loss) on Securities
Accumulated Other Comprehensive Income (Loss)
Beginning balance	362	3,353
Other comprehensive income (loss), before reclassifications	(46,860)	(3,690)
Amounts reclassified from accumulated other comprehensive income (loss)	0	(96)
Other comprehensive income (loss), before tax	(46,860)	(3,786)
Income tax (expense) benefit	9,841	795
Other comprehensive income (loss), net of tax	(37,019)	(2,991)
Ending balance	(36,657)	362
Unrecognized Net Pension and Postretirement Costs
Accumulated Other Comprehensive Income (Loss)
Beginning balance	2,931	(1,825)
Other comprehensive income (loss), before reclassifications	0	367
Amounts reclassified from accumulated other comprehensive income (loss)	2,547	5,653
Other comprehensive income (loss), before tax	2,547	6,020
Income tax (expense) benefit	(535)	(1,264)
Other comprehensive income (loss), net of tax	2,012	4,756
Ending balance	4,943	2,931
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Beginning balance	3,293	1,528
Ending balance	$ (31,714)	$ 3,293

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Employee Benefits Charged to Operating Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of employee benefits charged to operating expenses
Payroll taxes	$ 1,443	$ 1,403	$ 1,273
Medical plans	1,771	1,860	1,854
401(k) match and profit sharing	1,573	1,829	1,586
Periodic pension cost	1,608	1,796	1,614
Other	50	52	59
Total employee benefits	$ 6,445	$ 6,940	$ 6,386

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 01, 2022	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure
401(k) plan, percentage of employer match (in percent)		3%
401(k) plan, maximum percentage contribution by employer (in percent)		6%
Employer contribution	$ 1,000	$ 1,000	$ 1,000
SERP
Defined Benefit Plan Disclosure
SERP, accrued liability		1,700
SERP, accrued expense		$ 400	$ 400

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Obligations and Funded Status (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in projected benefit obligation:
Beginning balance		$ 38,661	$ 36,957
Service cost		1,491	1,692	$ 1,614
Interest cost		1,174	1,072	1,127
Actuarial loss		(11,301)	(232)
Benefits paid		(894)	(828)
Ending balance		$ 29,131	$ 38,661	36,957
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]		Other	Other
Change in plan assets:
Fair value, beginning balance		$ 37,416	$ 30,084
Actual return on plan assets		(6,475)	7,278
Employer contribution	$ 1,000	1,000	1,000
Expenses paid		(115)	(118)
Benefits paid		(894)	(828)
Fair value, ending balance		30,932	37,416	$ 30,084
Funded status at end of year		1,801	(1,245)
Accumulated benefit obligation		24,265	30,690
Amounts recognized in the statement of financial position consist of the following:
Non-current assets		1,801	0
Current liabilities		0	0
Non-current liabilities		0	(1,245)
Net asset (liability) at end of year		$ 1,801	$ (1,245)

Employee Benefit Plans - Sche_3

Employee Benefit Plans - Schedule of Net Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of net pension cost
Service cost - benefits earned during the year	$ 1,491	$ 1,692	$ 1,614
Interest costs on projected benefit obligations	1,174	1,072	1,127
Expected return on plan assets	(2,282)	(1,843)	(1,598)
Expected administrative expenses	118	104	110
Amortization of prior service cost	0	0	50
Amortization of unrecognized net loss	0	367	164
Net periodic pension cost	$ 501	$ 1,392	$ 1,467
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other	Other	Other

Employee Benefit Plans - Sche_4

Employee Benefit Plans - Schedule of Accumulated and Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Prior service costs	$ 0	$ 0
Net accumulated actuarial net loss	6,256	3,710
Accumulated other comprehensive loss	6,256	3,710
Net periodic benefit cost in excess of cumulative employer contributions	(4,455)	(4,955)
Net asset (liability) at end of year	1,801	(1,245)
Net actuarial gain (loss) arising during period	2,547	5,653
Prior service cost amortization	0	0
Amortization of net actuarial loss	0	367
Total recognized in other comprehensive income (loss)	2,547	6,020
Total recognized in net periodic pension cost and other comprehensive (loss) income	$ (2,046)	$ (4,628)

Employee Benefit Plans - Sche_5

Employee Benefit Plans - Schedule of Assumptions (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Determination of benefit obligation at year end:
Discount rate (in percent)	5.10%	3.10%	2.80%
Annual rate of compensation increase (in percent)	4.50%	4.50%	4.50%
Determination of pension expense for year ended:
Discount rate for the service cost (in percent)	3.10%	2.80%	3.45%
Annual rate of compensation increase (in percent)	4.50%	4.50%	4%
Expected long-term rate of return on plan assets (in percent)	6.75%	6.75%	6.75%

Employee Benefit Plans - Annual

Employee Benefit Plans - Annual Returns on Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Expected long-term rate of return on plan assets (in percent)	6.75%	6.75%	6.75%
Annual returns on plan assets (in percent)	(17.00%)	22.10%	19.70%	25.80%	(6.20%)
Defined benefit, expected income in next fiscal year	$ (0.2)
Defined benefit, expected expense current fiscal year	$ 0.5

Employee Benefit Plans - Sche_6

Employee Benefit Plans - Schedule of FV of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 30,932	$ 37,416	$ 30,084
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	30,441	37,113
Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	491	303
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,772	1,449
Cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,772	1,449
Cash equivalents | Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Cash equivalents | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
U.S government agency obligations
Defined Benefit Plan Disclosure [Line Items]
Fair Value	491
U.S government agency obligations | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0
U.S government agency obligations | Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	491
U.S government agency obligations | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0
Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair Value		303
Corporate bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value		0
Corporate bonds | Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value		303
Corporate bonds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value		0
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,518	1,774
Equity securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,518	1,774
Equity securities | Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Equity securities | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair Value	27,151	33,890
Mutual funds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	27,151	33,890
Mutual funds | Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Mutual funds | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 0	$ 0

Employee Benefit Plans - Sche_7

Employee Benefit Plans - Schedule of Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Pension benefits
2023	$ 1,037
2024	1,038
2025	1,104
2026	1,190
2027	1,340
2028 to 2032	$ 8,873

Earnings per Share - Stock Divi

Earnings per Share - Stock Dividend (Details)	Jul. 01, 2022	Jun. 15, 2022
Earnings Per Share [Abstract]
Special stock dividend, rate percent (in percent)	4%	4%

Earnings per Share - Schedule o

Earnings per Share - Schedule of Calculations of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Calculations of basic and diluted earnings per share
Net income available to shareholders	$ 20,751	$ 22,517	$ 14,293
Average shares outstanding (in shares)	6,792,312	6,877,402	7,004,629
Basic earnings per share (in dollars per share)	$ 3.06	$ 3.27	$ 2.04
Diluted earnings per share (in dollars per share)	$ 3.06	$ 3.27	$ 2.04

Earnings per Share - Repurchase

Earnings per Share - Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Earnings Per Share [Abstract]
Value of shares authorized for repurchase				$ 5,000
Stock repurchased (in shares)	108,724
Stock repurchased (in dollars per share)	$ 26.60
Stock repurchased	$ 2,892	$ 2,148	$ 906
Share repurchase pursuant	$ 2,100

Capital Requirements (Details)

Capital Requirements (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
The actual and required capital amounts and ratios for the Company and the Bank
Total capital (to risk-weighted assets), Actual Amount	$ 222,873	$ 210,726
Total capital (to risk-weighted assets), Actual Ratio (in percent)	0.1385	0.1479
Total capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 169,025	$ 149,640
Total capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	0.1050	0.1050
Total capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Amount	$ 0	$ 0
Tier I capital (to risk-weighted assets), Actual Amount	$ 201,595	$ 193,663
Tier I capital (to risk-weighted assets), Actual, Ratio (in percent)	0.1252	0.1359
Tier I capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 136,830	$ 121,137
Tier I capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	0.0850	0.0850
Tier I capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Amount	$ 0	$ 0
Common Equity Tier I Capital (to risk-weighted assets), Actual Amount	$ 159,125	$ 145,663
Common Equity Tier I Capital (to risk-weighted assets), Actual Ratio (in percent)	0.0989	0.1022
Common Equity Tier I Capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 112,684	$ 99,760
Common Equity Tier I Capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	7%	7%
Common Equity Tier I Capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Amount	$ 0	$ 0
Tier I Leverage Ratio (to adjusted average assets), Actual Amount	$ 201,595	$ 193,663
Tier I Leverage Ratio (to adjusted average assets), Actual Ratio (in percent)	0.1076	0.1101
Tier I Leverage Ratio (to adjusted average assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 74,936	$ 70,342
Tier I Leverage Ratio (to adjusted average assets) Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	0.0400	0.0400
Tier I Leverage Ratio (to adjusted average assets), Required to be Considered Well-Capitalized, Amount	$ 0	$ 0
Bank
The actual and required capital amounts and ratios for the Company and the Bank
Total capital (to risk-weighted assets), Actual Amount	$ 221,066	$ 210,148
Total capital (to risk-weighted assets), Actual Ratio (in percent)	0.1378	0.1478
Total capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 168,431	$ 149,339
Total capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	0.1050	0.1050
Total capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Amount	$ 160,410	$ 142,228
Total capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Ratio (in percent)	0.1000	0.1000
Tier I capital (to risk-weighted assets), Actual Amount	$ 205,318	$ 193,085
Tier I capital (to risk-weighted assets), Actual, Ratio (in percent)	0.1280	0.1358
Tier I capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 136,349	$ 120,894
Tier I capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	0.0850	0.0850
Tier I capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Amount	$ 128,328	$ 113,782
Tier I capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Ratio (as a percent)	0.0800	0.0800
Common Equity Tier I Capital (to risk-weighted assets), Actual Amount	$ 205,318	$ 193,085
Common Equity Tier I Capital (to risk-weighted assets), Actual Ratio (in percent)	0.1280	0.1358
Common Equity Tier I Capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 112,287	$ 99,559
Common Equity Tier I Capital (to risk-weighted assets), Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	7%	7%
Common Equity Tier I Capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Amount	$ 104,267	$ 92,448
Common Equity Tier I Capital (to risk-weighted assets), Required to be Considered Well-Capitalized, Ratio (as a percent)	6.50%	6.50%
Tier I Leverage Ratio (to adjusted average assets), Actual Amount	$ 205,318	$ 193,085
Tier I Leverage Ratio (to adjusted average assets), Actual Ratio (in percent)	0.1085	0.1104
Tier I Leverage Ratio (to adjusted average assets), Minimum Capital Required Basel III Fully Phased-In, Amount	$ 75,678	$ 69,959
Tier I Leverage Ratio (to adjusted average assets) Minimum Capital Required Basel III Fully Phased-In, Ratio (in percent)	0.0400	0.0400
Tier I Leverage Ratio (to adjusted average assets), Required to be Considered Well-Capitalized, Amount	$ 94,598	$ 87,449
Tier I Leverage Ratio (to adjusted average assets), Required to be Considered Well-Capitalized, Ratio (in percent)	0.0500	0.0500

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Fair Value	$ 250,747	$ 310,870
Loans held for sale, at lower of cost or fair value	591	2,249
Mortgage servicing rights	2,899	2,659
U.S. Treasury
Assets:
Fair Value	2,152	3,917
U.S. government-sponsored enterprises
Assets:
Fair Value	23,777	26,372
Obligations of states and political subdivisions
Assets:
Fair Value	109,440	129,224
Mortgage-backed securities
Assets:
Fair Value	102,699	136,466
Other debt securities
Assets:
Fair Value	10,943	12,284
Bank issued trust preferred securities
Assets:
Fair Value	1,177	1,288
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Fair Value	2,152	3,917
Loans held for sale, at lower of cost or fair value	0	0
Total	96,826	175,700
Liabilities:
Total	1,383,134	1,295,535
Other Observable Inputs (Level 2)
Assets:
Fair Value	248,595	306,953
Loans held for sale, at lower of cost or fair value	591	2,249
Total	258,063	317,071
Liabilities:
Total	137,200	121,060
Significant Unobservable Inputs (Level 3)
Assets:
Fair Value	0	0
Loans held for sale, at lower of cost or fair value	0	0
Total	1,389,038	1,308,851
Liabilities:
Total	250,451	246,051
Recurring
Assets:
Loans held for sale, at lower of cost or fair value	591	2,249
Mortgage servicing rights	2,899	2,659
Total	254,306	316,162
Liabilities:
Total	21	26
Recurring | U.S. Treasury
Assets:
Fair Value	2,152
Recurring | U.S. government and federal agency obligations
Assets:
Fair Value	559
Recurring | U.S. government-sponsored enterprises
Assets:
Fair Value	23,777
Recurring | Obligations of states and political subdivisions
Assets:
Fair Value	109,440
Recurring | Mortgage-backed securities
Assets:
Fair Value	102,699
Recurring | Other debt securities
Assets:
Fair Value	10,943
Recurring | Bank issued trust preferred securities
Assets:
Fair Value	1,177
Recurring | Equity securities
Assets:
Fair Value	46
Recurring | Interest rate lock commitments
Assets:
Commitments	20
Liabilities:
Commitments	18
Recurring | Forward sale commitments
Assets:
Commitments	3
Liabilities:
Commitments	3
Recurring | U.S. Treasury
Assets:
Fair Value		3,917
Recurring | U.S. government and federal agency obligations
Assets:
Fair Value		1,319
Recurring | U.S. government-sponsored enterprises
Assets:
Fair Value		26,372
Recurring | Obligations of states and political subdivisions
Assets:
Fair Value		129,224
Recurring | Mortgage-backed securities
Assets:
Fair Value		136,466
Recurring | Other debt securities
Assets:
Fair Value		12,284
Recurring | Bank issued trust preferred securities
Assets:
Fair Value		1,288
Recurring | Equity securities
Assets:
Fair Value		60
Recurring | Interest rate lock commitments
Assets:
Commitments		312
Liabilities:
Commitments		26
Recurring | Forward sale commitments
Assets:
Commitments		12
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Loans held for sale, at lower of cost or fair value	0	0
Mortgage servicing rights	0	0
Total	2,198	3,977
Liabilities:
Total	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury
Assets:
Fair Value	2,152
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government and federal agency obligations
Assets:
Fair Value	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government-sponsored enterprises
Assets:
Fair Value	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Obligations of states and political subdivisions
Assets:
Fair Value	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Assets:
Fair Value	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other debt securities
Assets:
Fair Value	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Bank issued trust preferred securities
Assets:
Fair Value	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Assets:
Fair Value	46
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate lock commitments
Assets:
Commitments	0
Liabilities:
Commitments	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Forward sale commitments
Assets:
Commitments	0
Liabilities:
Commitments	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury
Assets:
Fair Value		3,917
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government and federal agency obligations
Assets:
Fair Value		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. government-sponsored enterprises
Assets:
Fair Value		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Obligations of states and political subdivisions
Assets:
Fair Value		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Assets:
Fair Value		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other debt securities
Assets:
Fair Value		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Bank issued trust preferred securities
Assets:
Fair Value		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities
Assets:
Fair Value		60
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate lock commitments
Assets:
Commitments		0
Liabilities:
Commitments		0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Forward sale commitments
Assets:
Commitments		0
Recurring | Other Observable Inputs (Level 2)
Assets:
Loans held for sale, at lower of cost or fair value	591	2,249
Mortgage servicing rights	0	0
Total	249,189	309,214
Liabilities:
Total	3	0
Recurring | Other Observable Inputs (Level 2) | U.S. Treasury
Assets:
Fair Value	0
Recurring | Other Observable Inputs (Level 2) | U.S. government and federal agency obligations
Assets:
Fair Value	559
Recurring | Other Observable Inputs (Level 2) | U.S. government-sponsored enterprises
Assets:
Fair Value	23,777
Recurring | Other Observable Inputs (Level 2) | Obligations of states and political subdivisions
Assets:
Fair Value	109,440
Recurring | Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets:
Fair Value	102,699
Recurring | Other Observable Inputs (Level 2) | Other debt securities
Assets:
Fair Value	10,943
Recurring | Other Observable Inputs (Level 2) | Bank issued trust preferred securities
Assets:
Fair Value	1,177
Recurring | Other Observable Inputs (Level 2) | Equity securities
Assets:
Fair Value	0
Recurring | Other Observable Inputs (Level 2) | Interest rate lock commitments
Assets:
Commitments	0
Liabilities:
Commitments	0
Recurring | Other Observable Inputs (Level 2) | Forward sale commitments
Assets:
Commitments	3
Liabilities:
Commitments	3
Recurring | Other Observable Inputs (Level 2) | U.S. Treasury
Assets:
Fair Value		0
Recurring | Other Observable Inputs (Level 2) | U.S. government and federal agency obligations
Assets:
Fair Value		1,319
Recurring | Other Observable Inputs (Level 2) | U.S. government-sponsored enterprises
Assets:
Fair Value		26,372
Recurring | Other Observable Inputs (Level 2) | Obligations of states and political subdivisions
Assets:
Fair Value		129,224
Recurring | Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets:
Fair Value		136,466
Recurring | Other Observable Inputs (Level 2) | Other debt securities
Assets:
Fair Value		12,284
Recurring | Other Observable Inputs (Level 2) | Bank issued trust preferred securities
Assets:
Fair Value		1,288
Recurring | Other Observable Inputs (Level 2) | Equity securities
Assets:
Fair Value		0
Recurring | Other Observable Inputs (Level 2) | Interest rate lock commitments
Assets:
Commitments		0
Liabilities:
Commitments		0
Recurring | Other Observable Inputs (Level 2) | Forward sale commitments
Assets:
Commitments		12
Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Loans held for sale, at lower of cost or fair value	0	0
Mortgage servicing rights	2,899	2,659
Total	2,919	2,971
Liabilities:
Total	18	26
Recurring | Significant Unobservable Inputs (Level 3) | U.S. Treasury
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. government and federal agency obligations
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. government-sponsored enterprises
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | Obligations of states and political subdivisions
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | Other debt securities
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | Bank issued trust preferred securities
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | Equity securities
Assets:
Fair Value	0
Recurring | Significant Unobservable Inputs (Level 3) | Interest rate lock commitments
Assets:
Commitments	20
Liabilities:
Commitments	18
Recurring | Significant Unobservable Inputs (Level 3) | Forward sale commitments
Assets:
Commitments	0
Liabilities:
Commitments	$ 0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. Treasury
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. government and federal agency obligations
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | U.S. government-sponsored enterprises
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | Obligations of states and political subdivisions
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | Other debt securities
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | Bank issued trust preferred securities
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | Equity securities
Assets:
Fair Value		0
Recurring | Significant Unobservable Inputs (Level 3) | Interest rate lock commitments
Assets:
Commitments		312
Liabilities:
Commitments		26
Recurring | Significant Unobservable Inputs (Level 3) | Forward sale commitments
Assets:
Commitments		$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Recurring - Significant Unobservable Inputs (Level 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mortgage servicing rights
Fair value of assets
Balance at beginning of period	$ 2,659	$ 2,445
Included in earnings	176	(186)
Included in other comprehensive income	0	0
Purchases	0	0
Sales	0	0
Issues	64	400
Settlements	0	0
Balance at end of period	2,899	2,659
Interest rate lock commitments
Fair value of assets
Balance at beginning of period	286	0
Included in earnings	(24)	0
Included in other comprehensive income	0	0
Purchases	0	0
Sales	(407)	0
Issues	147	286
Settlements	0	0
Balance at end of period	$ 2	$ 286

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurements
Recorded Investment, with no related allowance recorded	$ 17,664	$ 16,627
Impaired financing receivable charge offs	100	100
Impaired loans with a specific allowance	2,697	10,627
Specific allowance related to impaired loans	258	3,044
Collateral Dependent Impaired Loans
Fair Value Measurements
Specific allowance related to impaired loans		2,800
Collateral Dependent Impaired Loans
Fair Value Measurements
Recorded Investment, with no related allowance recorded	$ 17,700
Impaired loans with a specific allowance		$ 24,200

Fair Value Measurements - Other

Fair Value Measurements - Other Real Estate Owned and Repossessed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total Gains (Losses) | Installment and other consumer
Fair Value Measurements
Gains (losses) on impaired loans	$ (40)	$ (7)
Nonrecurring | Fair value
Fair Value Measurements
Impaired loans	17,664	21,397
Other real estate and repossessed assets	8,795	10,525
Nonrecurring | Fair value | Commercial, Financial, and Agricultural
Fair Value Measurements
Impaired loans		0
Nonrecurring | Fair value | Real Estate Construction - Residential | Mortgage
Fair Value Measurements
Impaired loans		264
Nonrecurring | Fair value | Real Estate Construction - Commercial | Mortgage
Fair Value Measurements
Impaired loans	17,664	21,133
Nonrecurring | Fair value | Installment and other consumer
Fair Value Measurements
Impaired loans	0	0
Nonrecurring | Total Gains (Losses)
Fair Value Measurements
Gains (losses) on impaired loans	(91)	(118)
Gains (losses) on other real estate and repossessed assets	233	(935)
Nonrecurring | Total Gains (Losses) | Commercial, Financial, and Agricultural
Fair Value Measurements
Gains (losses) on impaired loans		(46)
Nonrecurring | Total Gains (Losses) | Real Estate Construction - Residential | Mortgage
Fair Value Measurements
Gains (losses) on impaired loans		(22)
Nonrecurring | Total Gains (Losses) | Real Estate Construction - Commercial | Mortgage
Fair Value Measurements
Gains (losses) on impaired loans	(51)	(43)
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value
Fair Value Measurements
Impaired loans	0	0
Other real estate and repossessed assets	0	0
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value | Commercial, Financial, and Agricultural
Fair Value Measurements
Impaired loans		0
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value | Real Estate Construction - Residential | Mortgage
Fair Value Measurements
Impaired loans		0
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value | Real Estate Construction - Commercial | Mortgage
Fair Value Measurements
Impaired loans	0	0
Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair value | Installment and other consumer
Fair Value Measurements
Impaired loans	0	0
Nonrecurring | Other Observable Inputs (Level 2) | Fair value
Fair Value Measurements
Impaired loans	0	0
Other real estate and repossessed assets	0	0
Nonrecurring | Other Observable Inputs (Level 2) | Fair value | Commercial, Financial, and Agricultural
Fair Value Measurements
Impaired loans		0
Nonrecurring | Other Observable Inputs (Level 2) | Fair value | Real Estate Construction - Residential | Mortgage
Fair Value Measurements
Impaired loans		0
Nonrecurring | Other Observable Inputs (Level 2) | Fair value | Real Estate Construction - Commercial | Mortgage
Fair Value Measurements
Impaired loans	0	0
Nonrecurring | Other Observable Inputs (Level 2) | Fair value | Installment and other consumer
Fair Value Measurements
Impaired loans	0	0
Nonrecurring | Significant Unobservable Inputs (Level 3) | Fair value
Fair Value Measurements
Impaired loans	17,664	21,397
Other real estate and repossessed assets	8,795	10,525
Nonrecurring | Significant Unobservable Inputs (Level 3) | Fair value | Commercial, Financial, and Agricultural
Fair Value Measurements
Impaired loans		0
Nonrecurring | Significant Unobservable Inputs (Level 3) | Fair value | Real Estate Construction - Residential | Mortgage
Fair Value Measurements
Impaired loans		264
Nonrecurring | Significant Unobservable Inputs (Level 3) | Fair value | Real Estate Construction - Commercial | Mortgage
Fair Value Measurements
Impaired loans	17,664	21,133
Nonrecurring | Significant Unobservable Inputs (Level 3) | Fair value | Installment and other consumer
Fair Value Measurements
Impaired loans	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 18,661	$ 17,287
Certificates of deposit in other banks	2,955	5,193
Available-for-sale debt securities, at fair value	250,747	310,870
Loans held for sale	591	2,249
Accrued interest receivable	7,953	6,621
Deposits:
Non-interest-bearing demand	453,443	453,066
Savings, interest checking and money market	923,602	818,358
Time deposits	255,034
Accrued interest payable	902	282
Carrying amount
Assets:
Cash and due from banks	18,661	17,287
Federal funds sold and overnight interest-bearing deposits	65,059	142,622
Certificates of deposit in other banks	2,955	5,193
Available-for-sale debt securities, at fair value	250,747	310,870
Other investment securities	6,353	5,408
Loans, net	1,505,664	1,285,230
Loans held for sale	591	2,249
Cash surrender value - life insurance	2,567	2,509
Interest rate lock commitments	20	312
Forward sale commitments	3	12
Accrued interest receivable	7,953	6,621
Total	1,860,573	1,778,313
Deposits:
Non-interest-bearing demand	453,443	453,066
Savings, interest checking and money market	923,602	818,358
Time deposits	255,034	245,396
Federal funds purchased and securities sold under agreements to repurchase	5,187	23,829
Federal Home Loan Bank advances and other borrowings	98,000	77,418
Subordinated notes	49,486	49,486
Interest rate lock commitments	18	26
Forward sale commitments	3
Accrued interest payable	902	282
Total	1,785,675	1,667,861
Fair value
Assets:
Cash and due from banks	18,661	17,287
Federal funds sold and overnight interest-bearing deposits	65,059	142,622
Certificates of deposit in other banks	2,955	5,193
Available-for-sale debt securities, at fair value	250,747	310,870
Other investment securities	6,353	5,408
Loans, net	1,389,018	1,308,539
Loans held for sale	591	2,249
Cash surrender value - life insurance	2,567	2,509
Interest rate lock commitments	20	312
Forward sale commitments	3	12
Accrued interest receivable	7,953	6,621
Total	1,743,927	1,801,622
Deposits:
Non-interest-bearing demand	453,443	453,066
Savings, interest checking and money market	923,602	818,358
Time deposits	250,433	246,025
Federal funds purchased and securities sold under agreements to repurchase	5,187	23,829
Federal Home Loan Bank advances and other borrowings	98,000	78,152
Subordinated notes	39,197	42,908
Interest rate lock commitments	18	26
Forward sale commitments	3
Accrued interest payable	902	282
Total	1,770,785	1,662,646
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash and due from banks	18,661	17,287
Federal funds sold and overnight interest-bearing deposits	65,059	142,622
Certificates of deposit in other banks	2,955	5,193
Available-for-sale debt securities, at fair value	2,152	3,917
Other investment securities	46	60
Loans, net	0	0
Loans held for sale	0	0
Cash surrender value - life insurance	0	0
Interest rate lock commitments	0	0
Forward sale commitments	0	0
Accrued interest receivable	7,953	6,621
Total	96,826	175,700
Deposits:
Non-interest-bearing demand	453,443	453,066
Savings, interest checking and money market	923,602	818,358
Time deposits	0	0
Federal funds purchased and securities sold under agreements to repurchase	5,187	23,829
Federal Home Loan Bank advances and other borrowings	0	0
Subordinated notes	0	0
Interest rate lock commitments	0	0
Forward sale commitments	0
Accrued interest payable	902	282
Total	1,383,134	1,295,535
Other Observable Inputs (Level 2)
Assets:
Cash and due from banks	0	0
Federal funds sold and overnight interest-bearing deposits	0	0
Certificates of deposit in other banks	0	0
Available-for-sale debt securities, at fair value	248,595	306,953
Other investment securities	6,307	5,348
Loans, net	0	0
Loans held for sale	591	2,249
Cash surrender value - life insurance	2,567	2,509
Interest rate lock commitments	0	0
Forward sale commitments	3	12
Accrued interest receivable	0	0
Total	258,063	317,071
Deposits:
Non-interest-bearing demand	0	0
Savings, interest checking and money market	0	0
Time deposits	0	0
Federal funds purchased and securities sold under agreements to repurchase	0	0
Federal Home Loan Bank advances and other borrowings	98,000	78,152
Subordinated notes	39,197	42,908
Interest rate lock commitments	0	0
Forward sale commitments	3
Accrued interest payable	0	0
Total	137,200	121,060
Significant Unobservable Inputs (Level 3)
Assets:
Cash and due from banks	0	0
Federal funds sold and overnight interest-bearing deposits	0	0
Certificates of deposit in other banks	0	0
Available-for-sale debt securities, at fair value	0	0
Other investment securities	0	0
Loans, net	1,389,018	1,308,539
Loans held for sale	0	0
Cash surrender value - life insurance	0	0
Interest rate lock commitments	20	312
Forward sale commitments	0	0
Accrued interest receivable	0	0
Total	1,389,038	1,308,851
Deposits:
Non-interest-bearing demand	0	0
Savings, interest checking and money market	0	0
Time deposits	250,433	246,025
Federal funds purchased and securities sold under agreements to repurchase	0	0
Federal Home Loan Bank advances and other borrowings	0	0
Subordinated notes	0	0
Interest rate lock commitments	18	26
Forward sale commitments	0
Accrued interest payable	0	0
Total	$ 250,451	$ 246,051

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Contractual Amount of Off-Balance-Sheet Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 444,911	$ 450,832
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	388,264	396,958
Interest rate lock commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	6,331	16,161
Forward sale commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	576	2,199
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total	$ 49,740	$ 35,514

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details)	12 Months Ended
	Dec. 31, 2022
Minimum
Other Commitments [Line Items]
Remaining term of conditional commitment	1 month
Maximum
Other Commitments [Line Items]
Remaining term of conditional commitment	5 years

Condensed Financial Informati_3

Condensed Financial Information of the Parent Company Only - Schedule of Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from bank subsidiaries	$ 18,661	$ 17,287
Other assets	18,440	7,658
Total assets	1,923,540	1,831,550
Liabilities and Stockholders’ Equity
Subordinated notes	49,486	49,486
Other liabilities	8,942	12,922
Stockholders’ equity	127,411	148,956	$ 130,589	$ 115,038
Total liabilities and stockholders’ equity	1,923,540	1,831,550
HAWTHORN BANCSHARES, INC. | Reportable Legal Entities
Assets
Cash and due from bank subsidiaries	2,464	1,805
Investment in bank-issued trust preferred securities	1,177	1,288
Investment in subsidiaries	172,752	197,243
Deferred tax asset	49	589
Other assets	3,490	1,238
Total assets	179,932	202,163
Liabilities and Stockholders’ Equity
Subordinated notes	49,486	49,486
Other liabilities	3,035	3,721
Stockholders’ equity	127,411	148,956
Total liabilities and stockholders’ equity	$ 179,932	$ 202,163

Condensed Financial Informati_4

Condensed Financial Information of the Parent Company Only - Schedule of Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income
Interest and dividends received from subsidiaries	$ 69,256	$ 64,454	$ 62,985
Other	2,044	666	572
Expenses
Interest on subordinated notes	2,072	1,227	1,527
Other	5,885	4,504	4,307
Income tax benefit	(4,338)	(5,697)	(3,183)
Net income	20,751	22,517	14,293
HAWTHORN BANCSHARES, INC. | Reportable Legal Entities
Income
Interest and dividends received from subsidiaries	11,497	8,512	4,946
Other	1,108	404	0
Total income	12,605	8,916	4,946
Expenses
Interest on subordinated notes	2,072	1,227	1,527
Other	3,191	3,200	2,692
Total expenses	5,263	4,427	4,219
Income before income tax benefit and equity in undistributed income of subsidiaries	7,342	4,489	727
Income tax benefit	859	837	876
Equity in undistributed income of subsidiaries	12,550	17,191	12,690
Net income	$ 20,751	$ 22,517	$ 14,293

Condensed Financial Informati_5

Condensed Financial Information of the Parent Company Only - Schedule of Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 20,751	$ 22,517	$ 14,293
Adjustments to reconcile net income to net cash provided by operating activities:
Net cash provided by operating activities	20,279	30,212	21,017
Cash flows from investing activities:
Net cash used in investing activities	(206,535)	(127,535)	(139,561)
Cash flows from financing activities:
Cash dividends paid - common stock	(4,240)	(3,616)	(3,030)
Purchase of treasury stock	(2,892)	(2,148)	(906)
Net cash provided by financing activities	110,067	76,869	220,786
Net (decrease) increase in cash and cash equivalents	(76,189)	(20,454)	102,242
Cash and cash equivalents, beginning of year	159,909	180,363	78,121
Cash and cash equivalents, end of year	83,720	159,909	180,363
HAWTHORN BANCSHARES, INC. | Reportable Legal Entities
Cash flows from operating activities:
Net income	20,751	22,517	14,293
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiaries	(12,550)	(17,191)	(12,690)
Decrease in deferred tax asset	540	907	432
Other, net	(1,060)	(607)	1,031
Net cash provided by operating activities	7,681	5,626	3,066
Cash flows from investing activities:
(Increase) decrease in investment in subsidiaries, net	110	(70)	307
Net cash used in investing activities	110	(70)	307
Cash flows from financing activities:
Cash dividends paid - common stock	(4,240)	(3,616)	(3,030)
Purchase of treasury stock	(2,892)	(2,148)	(906)
Net cash provided by financing activities	(7,132)	(5,764)	(3,936)
Net (decrease) increase in cash and cash equivalents	659	(208)	(563)
Cash and cash equivalents, beginning of year	1,805	2,013	2,576
Cash and cash equivalents, end of year	$ 2,464	$ 1,805	$ 2,013