Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2023 | May 01, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Current Fiscal Year End Date | --12-31 | |
Entity Registrant Name | CSB BANCORP INC /OH | |
Trading Symbol | CSBB | |
Entity Central Index Key | 0000880417 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Title of 12(g) Security | Common Shares, $6.25 par value | |
Security Exchange Name | NONE | |
Entity Common Stock, Shares Outstanding | 2,680,625 | |
Entity File Number | 0-21714 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 34-1687530 | |
Entity Address, Address Line One | 91 North Clay Street | |
Entity Address, Address Line Two | P.O. Box 232 | |
Entity Address, City or Town | Millersburg | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44654 | |
City Area Code | 330 | |
Local Phone Number | 674-9015 | |
Document Quarterly Report | true | |
Document Transition Report | false |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Cash and cash equivalents | ||
Cash and due from banks | $ 16,965 | $ 19,911 |
Interest-earning deposits with banks | 38,550 | 66,509 |
Total cash and cash equivalents | 55,515 | 86,420 |
Securities | ||
Available-for-sale, at fair value | 149,269 | 150,069 |
Held-to-maturity (fair value 2023-$213,051; 2022-$211,954) | 243,334 | 247,401 |
Equity securities | 253 | 244 |
Restricted stock, at cost | 1,760 | 3,430 |
Total securities | 394,616 | 401,144 |
Loans held for sale | 52 | |
Loans | 647,773 | 627,171 |
Less allowance for credit losses | 6,307 | 6,838 |
Net loans | 641,466 | 620,333 |
Premises and equipment, net | 13,240 | 13,414 |
Bank-owned life insurance | 24,878 | 24,709 |
Goodwill | 4,728 | 4,728 |
Accrued interest receivable and other assets | 8,951 | 8,308 |
TOTAL ASSETS | 1,143,394 | 1,159,108 |
Deposits | ||
Noninterest-bearing | 329,500 | 350,283 |
Interest-bearing | 678,007 | 673,134 |
Total deposits | 1,007,507 | 1,023,417 |
Short-term borrowings | 29,813 | 32,550 |
Other borrowings | 2,394 | 2,461 |
Allowance for credit losses on off-balance sheet commitments | 430 | |
Accrued interest payable and other liabilities | 4,243 | 4,760 |
Total liabilities | 1,044,387 | 1,063,188 |
SHAREHOLDERS' EQUITY | ||
Common stock, $6.25 par value. Authorized 9,000,000 shares; issued 2,980,602 shares; outstanding 2,680,625 shares in 2023 and 2,707,576 in 2022 | 18,629 | 18,629 |
Additional paid-in capital | 9,815 | 9,815 |
Retained earnings | 89,524 | 86,502 |
Treasury stock at cost: 299,977 shares in 2023 and 273,026 shares in 2022 | (7,126) | (6,107) |
Accumulated other comprehensive loss | (11,835) | (12,919) |
Total shareholders' equity | 99,007 | 95,920 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 1,143,394 | $ 1,159,108 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Statement Of Financial Position [Abstract] | ||
Held-to-maturity, fair value | $ 213,051 | $ 211,954 |
Common stock, par value | $ 6.25 | $ 6.25 |
Common stock, authorized shares | 9,000,000 | 9,000,000 |
Common stock, shares issued | 2,980,602 | 2,980,602 |
Common stock, shares outstanding | 2,680,625 | 2,707,576 |
Treasury stock, at cost | 299,977 | 273,026 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
INTEREST AND DIVIDEND INCOME | ||
Loans, including fees | $ 7,969 | $ 5,777 |
Taxable securities | 2,012 | 1,281 |
Nontaxable securities | 101 | 110 |
Other | 545 | 74 |
Total interest and dividend income | 10,627 | 7,242 |
INTEREST EXPENSE | ||
Deposits | 1,584 | 349 |
Short-term borrowings | 66 | 12 |
Other borrowings | 12 | 16 |
Total interest expense | 1,662 | 377 |
NET INTEREST INCOME | 8,965 | 6,865 |
Provision (recovery) for credit loss expense - loans | 32 | (300) |
Provision (recovery) for credit loss expense - off-balance sheet commitments | (63) | |
Total (recovery) provision for credit loss expense | (31) | (300) |
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE | 8,996 | 7,165 |
NONINTEREST INCOME | ||
Gain on sale of loans, net | 3 | 118 |
Earnings on bank owned life insurance | 169 | 166 |
Unrealized gain or (loss) on equity securities, net | 9 | 1 |
Other income | 199 | 178 |
Total noninterest income | 1,628 | 1,642 |
NONINTEREST EXPENSE | ||
Salaries and employee benefits | 3,294 | 3,155 |
Occupancy expense | 282 | 272 |
Equipment expense | 207 | 214 |
Professional and director fees | 321 | 276 |
Financial institutions and franchise tax expense | 192 | 195 |
Marketing and public relations | 123 | 111 |
Software expense | 399 | 333 |
Debit card expense | 146 | 164 |
FDIC insurance expense | 71 | 83 |
Provision for unfunded loan commitments | 13 | |
Other expenses | 684 | 652 |
Total noninterest expense | 5,719 | 5,468 |
Income before income taxes | 4,905 | 3,339 |
FEDERAL INCOME TAX PROVISION | 971 | 638 |
NET INCOME | $ 3,934 | $ 2,701 |
Basic net earnings per share | $ 1.46 | $ 0.99 |
Diluted net earnings per share | $ 1.46 | $ 0.99 |
Deposit Account [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | $ 292 | $ 265 |
Fiduciary and Trust [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | 258 | 264 |
Debit Card [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | 521 | 495 |
Credit Card [Member] | ||
NONINTEREST INCOME | ||
Noninterest income | $ 177 | $ 155 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Statement Of Income And Comprehensive Income [Abstract] | ||
Net income | $ 3,934 | $ 2,701 |
Other comprehensive income (loss) | ||
Unrealized gains (losses) arising during the period | 1,327 | (6,538) |
Amortization of discount on securities transferred to held-to-maturity | 46 | 98 |
Income tax effect | (289) | 1,352 |
Other comprehensive income (loss) | 1,084 | (5,088) |
Total comprehensive income (loss) | $ 5,018 | $ (2,387) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Cumulative Effect of Adoption [Memnber] | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Retained Earnings [Member] Cumulative Effect of Adoption [Memnber] | Treasury Stock [Member] | Accumulated Other Comprehensive Loss [Member] |
Balance, beginning of period at Dec. 31, 2021 | $ 97,315 | $ 18,629 | $ 9,815 | $ 76,715 | $ (5,719) | $ (2,125) | ||
Net income | 2,701 | 2,701 | ||||||
Other comprehensive income (loss) | (5,088) | (5,088) | ||||||
Balance, end of period at Mar. 31, 2022 | 94,928 | 18,629 | 9,815 | 79,416 | (5,719) | (7,213) | ||
Balance, beginning of period at Dec. 31, 2022 | $ 95,920 | $ 52 | 18,629 | 9,815 | 86,502 | $ 52 | (6,107) | (12,919) |
Accounting Standards Update [Extensible Enumeration] | Accounting Standards Update201613 [Member] | |||||||
Net income | $ 3,934 | 3,934 | ||||||
Other comprehensive income (loss) | 1,084 | 1,084 | ||||||
Purchase of treasury shares | (1,019) | (1,019) | ||||||
Cash dividends declared | (964) | (964) | ||||||
Balance, end of period at Mar. 31, 2023 | $ 99,007 | $ 18,629 | $ 9,815 | $ 89,524 | $ (7,126) | $ (11,835) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) | 3 Months Ended |
Mar. 31, 2023 $ / shares shares | |
Statement Of Stockholders Equity [Abstract] | |
Cash dividends declared per share | $ / shares | $ 0.36 |
Purchase of treasury shares, shares | shares | 26,951 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Statement Of Cash Flows [Abstract] | ||
NET CASH FROM OPERATING ACTIVITIES | $ 2,784 | $ 881 |
Securities: | ||
Proceeds from repayments, available-for-sale | 1,999 | 4,530 |
Proceeds from repayments, held-to-maturity | 4,039 | 5,205 |
Purchases, available-for-sale | (22,872) | |
Purchases, held-to-maturity | (76,712) | |
Purchases, equity securities | (131) | |
Redemption of FHLB stock | 1,670 | |
Loan (originations) repayments, net | (20,671) | (18,716) |
Property, equipment, and software acquisitions | (29) | (78) |
Net cash used in investing activities | (12,992) | (108,774) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net decrease in deposits | (15,910) | (7,808) |
Net (decrease) increase in short-term borrowings | (2,737) | 2,363 |
Repayment of other borrowings | (67) | (82) |
Cash dividends paid | (964) | |
Purchase of treasury shares | (1,019) | |
Net cash used in financing activities | (20,697) | (5,527) |
NET DECREASE IN CASH AND CASH EQUIVALENTS | (30,905) | (113,420) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 86,420 | 243,657 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 55,515 | 130,237 |
Cash paid during the year for: | ||
Interest | $ 1,640 | $ 381 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | OTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying condensed consolidated financial statements include the accounts of CSB Bancorp, Inc. and its wholly-owned subsidiaries, The Commercial and Savings Bank (the “Bank”) and CSB Investment Services, LLC (together referred to as the “Company” or “CSB”). All significant intercompany transactions and balances have been eliminated in consolidation. The condensed consolidated financial statements have been prepared without audit. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present fairly the Company’s financial position at March 31, 2023, and the results of operations and changes in cash flows for the periods presented have been made. Certain information and footnote disclosures typically included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been omitted. The Annual Report for CSB for the year ended December 31, 2022, contains Consolidated Financial Statements and related footnote disclosures, which should be read in conjunction with the accompanying condensed Consolidated Financial Statements. The results of operations for the periods ended March 31, 2023 are not necessarily indicative of the operating results for the full year or any future interim period. Certain items in the prior-year financial statements were reclassified to conform to the current-year presentation. Such reclassifications had no effect on net income or shareholders’ equity. ALLOWANCE FOR CREDIT LOSSES - LOANS AND LEASES POLICY In connection with our adoption of ASU 2016-13, we made changes to our loan portfolio segments to align with the methodology applied in determining the allowance under CECL. Refer to Note 3 Loans, for further discussion of these portfolio segments. In addition to our existing segments, our new segmentation breaks out commercial lessors of buildings, and consumer indirect loans as well as separating consumer mortgage loans from home equity line of credit loans. The ACL is a valuation reserve established and maintained by charges against operating income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The ACL for homogeneous loans is calculated using a life-time loss rate methodology with both a quantitative and a qualitative analysis that is applied on a quarterly basis. The ACL model is comprised of eight distinct portfolio segments: 1) Commercial and Industrial or C&I, 2) Commercial Real Estate, or CRE, 3) Commercial Lessors of Buildings, 4) Construction, 5) Consumer Real Estate, 6) Home Equity Line of Credit or HELOC, 7) Consumer Installment, and 8) Consumer Indirect loans. Each segment has a distinct set of risk characteristics monitored by management. We further evaluate the ACL at a disaggregated level which includes type of collateral, loan participations, non-owner occupied and our internal risk rating system for the commercial segments, and type of collateral, and lien position, for the consumer segments. Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) supportable forecast adjustment is based on the unemployment forecast and management judgment. For periods beyond our two-year reasonable and supportable forecast, we revert to the historical loss rate. The qualitative adjustments for current conditions are based upon changes in lending policies and practices,change in economic conditions, change in nature of the portfolio, experience and ability of lending staff, problem loan trends, quality of the bank’s loan review system, value of underlying collateral for collateral dependent loans, the existence of and changes in concentrations and other external factors. These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. A similar process is employed to calculate a reserve assigned to off-balance sheet commitments, specifically unfunded loan commitments and letters of credit, and any needed reserve is recorded in other liabilities. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial loans greater than $ 500 thousand that meet the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, and 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. Although we believe our process for determining the ACL appropriately considers all the factors that would likely result in credit losses, the process includes subjective elements and may be susceptible to significant change. To the extent actual losses are higher than management estimates, additional provision for credit losses could be required and could adversely affect our earnings or financial position in future periods. USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS In preparing the Consolidated Financial Statements, in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheets and reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. The most significant estimates susceptible to change in the near term relate to management’s determination of the allowance for credit losses and the fair value of financial instruments. ACCOUNTING PRONOUNCEMENTS ADOPTED IN 2023 In June 2016, the FASB issued ASU No. 2016-13, " Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" and subsequent related updates. This ASU replaces the incurred loss methodology for recognizing credit losses and requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets measured at amortized cost, including loans and held-to-maturity securities, net investments in leases, off-balance sheet credit exposures such as unfunded commitments, and other financial instruments. In addition, ASC 326 requires credit losses on available-for-sale debt securities to be presented as an allowance rather than as a write-down when management does not intend to sell or believes that it is not more likely than not they will be required to sell the debt securities. This guidance became effective on January 1, 2023 for the Bank. The results reported for periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable accounting standards. NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The Bank adopted this guidance, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans and held-to-maturity debt securities, available-for-sale debt securities and unfunded commitments. On January 1, 2023, the Bank recorded a cumulative effect increase to retained earnings of $ 52 thousand, net of tax, of which $ 442 thousand related to loans, offset by $ 390 thousand related to unfunded commitments, net of tax. There was no allowance for credit losses recorded for either available-for-sale or held-to-maturity debt securities. See Note 3 for further discussion on the adoption of CECL. The Bank adopted the provisions of ASC 326 related to presenting other-than-temporary impairment on available-for- sale debt securities prior to January 1, 2023 using the prospective transition approach, though no such charges had been recorded on the securities held by the Bank as of the date of adoption. The Bank expanded the pooling utilized under the legacy incurred loss method to include additional segmentation based on risk. The impact of the change from the incurred loss model to the current expected credit loss model is detailed below: January 1, 2023 (Dollars in thousands) Pre-adoption Adoption Impact As Reported Assets: ACL on loans Commercial and industrial $ 1,110 $ 658 $ 1,768 Commercial real estate 2,760 ( 541 ) 2,219 Commercial lessors of buildings — 974 974 Construction 803 ( 515 ) 288 Consumer mortgage 1,268 ( 580 ) 688 Home equity line of credit — 201 201 Consumer installment 233 ( 183 ) 50 Consumer indirect — 91 91 Unallocated 664 ( 664 ) — Total allowance for credit losses - loans 6,838 ( 559 ) $ 6,279 Liabilities: ACL for off-balance sheet commitments — 493 493 Total allowance for credit losses $ 6,838 ( 66 ) $ 6,772 The following table presents the Bank's loan portfolio, prior to the adoption of ASC 326, by category of loans and the impact of the change from the adoption of the standard: (Dollars in thousands) December 31, 2022 Adoption Impact Post Adoption January 1, 2023 Commercial and industrial $ 129,343 $ ( 2,209 ) $ 127,134 Commercial real estate 231,785 ( 70,625 ) 161,160 Commercial lessors of buildings — 83,728 83,728 Construction 55,318 ( 10,452 ) 44,866 Consumer mortgage 194,125 ( 44,338 ) 149,787 Home equity line of credit — 44,243 44,243 Consumer installment 16,387 ( 6,730 ) 9,657 Consumer indirect — 6,383 6,383 $ 626,958 $ — $ 626,958 Gross loans prior to deferred fees Deferred loan costs, net 213 — 213 Allowance for credit losses ( 6,838 ) 559 ( 6,279 ) Total net loans $ 620,333 $ 559 $ 620,892 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In March 2022, the FASB issued ASU 2022-02, “ Financial Instruments – Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures” . The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of existing loan. The guidance also requires disclosures about the performance of modified loans to borrowers experiencing financial difficulty in the 12 months following the modification. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current period gross write-offs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments in Update 2016-13. This guidance has been adopted as of January 1, 2023 , however, there have been no reportable loan modifications during the quarter ended March 31, 2023. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2023 | |
Investments Debt And Equity Securities [Abstract] | |
Securities | Note 2 – SECURITIES Securities consist of the following on March 31, 2023 and December 31, 2022: (Dollars in thousands) Amortized Gross Gross Fair value March 31, 2023 Available-for-sale U.S. Treasury securities $ 23,174 $ — $ ( 746 ) $ 22,428 U.S. Government agencies 13,999 — ( 1,149 ) 12,850 Mortgage-backed securities of government agencies 75,653 31 ( 7,789 ) 67,895 Asset-backed securities of government agencies 606 — ( 35 ) 571 State and political subdivisions 20,431 1 ( 660 ) 19,772 Corporate bonds 28,715 — ( 2,962 ) 25,753 Total available-for-sale 162,578 32 ( 13,341 ) 149,269 Held-to-maturity U.S Treasury Securities $ 12,766 $ — $ ( 930 ) $ 11,836 Mortgage-backed securities of government agencies 227,996 50 ( 29,228 ) 198,818 State and political subdivisions 2,572 6 ( 181 ) 2,397 Total held-to-maturity 243,334 56 ( 30,339 ) 213,051 Equity securities 185 68 — 253 Restricted stock 1,760 — — 1,760 Total securities $ 407,857 $ 156 $ ( 43,680 ) $ 364,333 December 31, 2022 Available-for-sale U.S. Treasury securities $ 23,194 $ — $ ( 969 ) $ 22,225 U.S. Government agencies 13,999 — ( 1,369 ) 12,630 Mortgage-backed securities of government agencies 77,677 72 ( 8,859 ) 68,890 Asset-backed securities of government agencies 633 — ( 15 ) 618 State and political subdivisions 20,462 — ( 985 ) 19,477 Corporate bonds 28,740 — ( 2,511 ) 26,229 Total available-for-sale 164,705 72 ( 14,708 ) 150,069 Held-to-maturity U.S Treasury Securities $ 12,753 $ — $ ( 1,136 ) $ 11,617 Mortgage-backed securities of government agencies 232,068 — ( 34,051 ) 198,017 State and political subdivisions 2,580 1 ( 261 ) 2,320 Total held-to-maturity 247,401 1 ( 35,448 ) 211,954 Equity securities 185 59 — 244 Restricted stock 3,430 — — 3,430 Total securities $ 415,721 $ 132 $ ( 50,156 ) $ 365,697 Note 2 – SECURITIES (continued) The amortized cost and fair value of debt securities on March 31, 2023, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized cost Fair value Available-for-sale Due in one year or less $ 7,956 $ 7,798 Due after one through five years 62,410 58,490 Due after five through ten years 24,650 22,777 Due after ten years 67,562 60,204 Total debt securities available-for-sale $ 162,578 $ 149,269 Held-to-maturity Due in one year or less $ 2,498 $ 2,446 Due after one through five years 7,419 6,907 Due after five through ten years 4,748 4,260 Due after ten years 228,669 199,438 Total debt securities held-to-maturity $ 243,334 $ 213,051 Securities with a fair value of approximately $ 135.0 million and $ 110.1 million were pledged on March 31, 2023 and December 31, 2022, respectively, to secure public deposits, as well as other deposits and borrowings as required or permitted by law. Restricted stock primarily consists of investments in Federal Home Loan Bank of Cincinnati (FHLB) and Federal Reserve Bank stock. The Bank’s investment in FHLB stock amounted to approximately $ 1.3 million and $ 2.9 million on March 31, 2023 and December 31, 2022 . The FHLB has redeemed approximately $ 1.6 million in stock during the first quarter at $ 100 par value per share. Federal Reserve Bank stock was $ 471 thousand on March 31, 2023 and December 31, 2022. There were no proceeds from sales of securities for the three-month period ended March 31, 2023 and 2022. All gains and losses recognized on equity securities during the three-month period were unrealized. Note 2 – SECURITIES (continued) The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, on March 31, 2023 and December 31, 2022: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross Fair Gross Fair Gross Fair March 31, 2023 Available-for-sale U.S. Treasury securities $ ( 152 ) $ 7,815 $ ( 594 ) $ 14,613 $ ( 746 ) $ 22,428 U.S. Government agencies — — ( 1,149 ) 12,850 ( 1,149 ) 12,850 Mortgage-backed securities of government ( 35 ) 4,870 ( 7,754 ) 54,883 ( 7,789 ) 59,753 Asset-backed securities of government — — ( 35 ) 571 ( 35 ) 571 State and political subdivisions ( 37 ) 5,411 ( 623 ) 12,415 ( 660 ) 17,826 Corporate bonds ( 459 ) 6,086 ( 2,503 ) 19,667 ( 2,962 ) 25,753 Held-to-maturity U.S. Treasury Securities — — ( 930 ) 11,836 ( 930 ) 11,836 Mortgage-backed securities of government ( 172 ) 7,370 ( 29,056 ) 182,498 ( 29,228 ) 189,868 State and political subdivisions — — ( 181 ) 1,977 ( 181 ) 1,977 Total impaired securities $ ( 855 ) $ 31,552 $ ( 42,825 ) $ 311,310 $ ( 43,680 ) $ 342,862 December 31, 2022 Available-for-sale U.S. Treasury securities $ ( 798 ) $ 17,405 $ ( 171 ) $ 4,820 $ ( 969 ) $ 22,225 U.S. Government agencies — — ( 1,369 ) 12,630 ( 1,369 ) 12,630 Mortgage-backed securities of government ( 1,046 ) 16,188 ( 7,813 ) 44,519 ( 8,859 ) 60,707 Asset-backed securities of government — — ( 15 ) 618 ( 15 ) 618 State and political subdivisions ( 189 ) 9,079 ( 796 ) 9,848 ( 985 ) 18,927 Corporate bonds ( 1,165 ) 13,502 ( 1,346 ) 12,727 ( 2,511 ) 26,229 Held-to-maturity — U.S. Treasury Securities — — ( 1,136 ) 11,617 ( 1,136 ) 11,617 Mortgage-backed securities of government ( 9,733 ) 79,325 ( 24,318 ) 118,692 ( 34,051 ) 198,017 State and political subdivisions — — ( 261 ) 1,903 ( 261 ) 1,903 Total temporarily impaired securities $ ( 12,931 ) $ 135,499 $ ( 37,225 ) $ 217,374 $ ( 50,156 ) $ 352,873 There were 190 securities in an unrealized loss position on March 31, 2023 , 158 of which were in a continuous loss position for twelve (12) months or more. There were 200 securities in an unrealized loss position on December 31, 2022, 90 of which were in a continuous loss position for twelve (12) or more months. At least quarterly, the Company conducts a comprehensive security-level impairment assessment. The assessments are based on the nature of the securities, the extent and duration of the securities in an unrealized loss position, the extent and duration of the loss and management’s intent to sell or if it is more likely than not that management will be required to sell a security before recovery of its amortized cost basis, which may be maturity. Management believes the Company will fully recover the cost of these securities. It does not intend to sell these securities and likely will not be required to sell them before the anticipated recovery of the remaining amortized cost basis, which may be maturity. As a result, management concluded that these securities were not at a credit loss on March 31, 2023 and were not other than temporarily impaired on December 31, 2022, respectively. Note 2 – SECURITIES (continued) The Bank monitors the credit quality of held-to-maturity debt securities primarily through utilizing their credit rating. The Bank monitors the credit rating on a quarterly basis. There are no nonperforming held-to-maturity securities. As of March 31, 2023, no ACL was required for any held-to-maturity security. The following table summarizes the amortized cost of held-to maturity debt securities at March 31, 2023, aggregated by credit quality indicator: (Dollars in thousands) U.S. Treasury securities Mortgage- backed securities of government agencies State and political subdivisions March 31, 2023 Credit rating: AAA / AA / A $ 12,766 $ 227,996 $ 2,572 BBB / BB / B — — — Lower than B — — — Non-rated — — — Total $ 12,766 $ 227,996 $ 2,572 |
Loans
Loans | 3 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Loans | NOTE 3 – LOANS The composition of net loans receivable as of March 31, 2023 and December 31, 2022: (Dollars in thousands) March 31, Commercial and industrial $ 137,369 Commercial real estate 167,878 Commercial lessors of buildings 81,917 Construction 43,498 Consumer mortgage 157,316 Home equity line of credit 43,323 Consumer installment 9,951 Consumer indirect 6,374 Total loans 647,626 Allowance for credit losses ( 6,307 ) Deferred loan costs, net 147 Net Loans $ 641,466 (Dollars in thousands) December 31, Commercial $ 129,343 Commercial real estate 231,785 Residential real estate 194,125 Construction & land development 55,318 Consumer 16,387 Total loans 626,958 Allowance for loan losses ( 6,838 ) Deferred loan costs, net 213 Total Loans $ 620,333 Loan Origination/Risk Management The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of Risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. The Company’s management examines current and occasionally projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers; however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable, inventory, and equipment, and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. NOTE 3 – LOANS (CONTINUED) Commercial real estate loans are subject to underwriting standards and processes similar to commercial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single industry. Management monitors and evaluates commercial real estate loans based on collateral, geography, and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied. With respect to loans to developers and builders that are secured by non-owner-occupied properties, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction and land development loans are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates, and financial analysis of the developers and property owners. Construction and land development loans are generally based upon estimates of costs and value associated with the completed project. These estimates may be inaccurate. Construction and land development loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property, or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risk than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions, and the availability of long-term financing. The Company originates consumer loans utilizing a judgmental underwriting process. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by line and staff personnel. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, mitigates risk. The Company maintains an independent credit department that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. Loans serviced for others approximated $ 135.0 and $ 137.5 million on March 31, 2023 and December 31, 2022, respectively. NOTE 3 – LOANS (CONTINUED) Concentrations of Credit Nearly all the Company’s lending activity occurs within the state of Ohio, including the four counties of Holmes, Stark, Tuscarawas and Wayne, as well as other markets. The majority of the Company’s loan portfolio consists of commercial and commercial real estate loans. Credit concentrations, including commitments, as determined using North American Industry Classification Codes (NAICS), to the two largest industries compared to total loans on March 31, 2023, included $68 .6 million, or 11 %, of total loans to lessors of non-residential buildings, and $ 25.3 million, or 4 %, of total loans to assisted living facilities for the elderly. These loans are generally secured by real property and equipment, with repayment expected from operational cash flow. Credit evaluation is based on a review of cash flow coverage of principal, interest payments, and the adequacy of the collateral received. Allowance for Credit Losses The following table details activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2023. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. (Dollars in thousands) Beginning Balance Impact of Adopting ASC 326 Charge-offs Recoveries Provisions (Reductions) Ending Balance March 31, 2023 Commercial and industrial $ 1,110 $ 658 $ — $ 10 $ 43 $ 1,821 Commercial real estate 2,760 ( 541 ) — 1 16 2,236 Commercial lessors of buildings — 974 — — ( 9 ) 965 Construction 803 ( 515 ) — — ( 17 ) 271 Consumer mortgage 1,268 ( 580 ) — — 5 693 Home equity line of credit — 201 — — ( 15 ) 186 Consumer installment 233 ( 183 ) ( 8 ) — 5 47 Consumer indirect — 91 ( 31 ) 24 4 88 Unallocated 664 ( 664 ) — — — — $ 6,838 $ ( 559 ) $ ( 39 ) $ 35 $ 32 $ 6,307 NOTE 3 – LOANS (CONTINUED) Allowance for Loan Losses The following tables detail activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2022. (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total Three Months Ended March 31, 2022 Beginning balance $ 1,240 $ 2,838 $ 992 $ 1,380 $ 421 $ 747 $ 7,618 (Recovery of) provision for loan ( 65 ) ( 288 ) 46 154 ( 31 ) ( 116 ) ( 300 ) Charge-offs ( 10 ) — — — ( 21 ) ( 31 ) Recoveries 4 — 1 — 13 18 Net (charge-offs) recoveries ( 6 ) — 1 — ( 8 ) ( 13 ) Ending balance $ 1,169 $ 2,550 $ 1,039 $ 1,534 $ 382 $ 631 $ 7,305 Age Analysis of Past-Due Loans Receivable and Nonperforming Loans The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the past-due status. (Dollars in thousands) Current 30-60 61-89 90 Days + Total Past Due Total March 31, 2023 Commercial and industrial $ 137,318 $ 51 $ — $ — $ 51 $ 137,369 Commercial real estate 167,878 — — — — 167,878 Commercial lessors of buildings 81,917 — — — — 81,917 Construction 43,467 31 — — 31 43,498 Consumer mortgage 157,079 237 — — 237 157,316 Home equity line of credit 43,074 162 87 — 249 43,323 Consumer installment 9,868 83 — — 83 9,951 Consumer indirect 6,374 — — — — 6,374 Total Loans $ 646,975 $ 564 $ 87 $ — $ 651 $ 647,626 The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of March 31, 2023: (Dollars in thousands) Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Loans Past Due Over 90 Days Still Accruing Total Nonperforming March 31, 2023 Commercial and industrial $ 2 $ — $ 2 $ — $ 2 Commercial real estate 87 — 87 — 87 Commercial lessors of buildings — — — — — Construction — — — — — Consumer mortgage 73 — 73 — 73 Home equity line of credit — — — — — Consumer installment 56 — 56 — 56 Consumer indirect — — — — — Total Loans $ 218 $ — $ 218 $ — $ 218 NOTE 3 – LOANS (CONTINUED) The following table presents the aging of past due loans and nonaccrual loans as of December 31, 2022: Accruing Loans (Dollars in thousands) Current 30-59 60-89 90 Days + Non- Total Total December 31, 2022 Commercial $ 129,270 $ 70 $ 3 $ — $ — $ 73 $ 129,343 Commercial real estate 231,693 — — — 92 92 231,785 Residential real estate 193,794 95 137 — 99 331 194,125 Construction & land development 55,286 32 — — — 32 55,318 Consumer 16,091 103 128 — 65 296 16,387 Total Loans $ 626,134 $ 300 $ 268 $ — $ 256 $ 824 $ 626,958 Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis includes all commercial loans before origination and an annual review of those with an outstanding commitment greater than $ 500 thousand. The Company uses the following definitions for risk ratings: Pass . Loans classified as pass (Cash Secured, Exceptional, Acceptable, Monitor, or Pass Watch) may exhibit a wide array of characteristics but at a minimum represent an acceptable risk to the Bank. Borrowers in this rating may have leveraged but acceptable balance sheet positions, satisfactory asset quality, stable to favorable sales and earnings trends, acceptable liquidity and adequate cash flow. Loans are considered fully collectible and require an average amount of administration. While generally adhering to credit policy, these loans may exhibit occasional exceptions that do not result in undue risk to the Bank. Borrowers are generally capable of absorbing setbacks, financial and otherwise, without the threat of failure. Special Mention . Assets assigned a Special Mention grade are not considered classified assets but are considered criticized. These assets exhibit potential weaknesses that, deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. Loans in this rating warrant special attention but have not yet reached the point of concern for loss. These assets have deteriorated sufficiently to the point they would have difficulty refinancing elsewhere. Similarly, purchasers of the business would not be eligible for bank financing unless they represent a significantly stronger credit risk. Substandard . Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. NOTE 3 – LOANS (CONTINUED) Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Based on the most recent analysis performed, the following tables present the recorded investment in non-homogeneous loans by internal risk rating system as of March 31, 2023 and December 31, 2022: Term Loans Amortized Costs Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total March 31, 2023 Commercial and industrial: Pass $ 6,532 $ 33,855 $ 17,116 $ 7,745 $ 5,613 $ 11,097 $ 45,792 $ — $ 127,750 Special mention — 21 — — 22 — 244 — 287 Substandard — 498 507 805 4 614 6,904 — 9,332 Doubtful — — — — — — — — — Total $ 6,532 $ 34,374 $ 17,623 $ 8,550 $ 5,639 $ 11,711 $ 52,940 $ — $ 137,369 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 8,059 $ 27,184 $ 48,057 $ 13,725 $ 20,714 $ 36,117 $ 444 $ — $ 154,300 Special Mention — — — 409 6,630 — — — 7,039 Substandard — — 933 642 479 4,485 — — 6,539 Doubtful — — — — — — — — — Total $ 8,059 $ 27,184 $ 48,990 $ 14,776 $ 27,823 $ 40,602 $ 444 $ — $ 167,878 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial lessors of buildings: Pass $ 483 $ 26,745 $ 26,775 $ 8,383 $ 8,117 $ 10,856 $ 183 $ — $ 81,542 Special Mention — — — — — — — — — Substandard — — — 375 — — — — 375 Doubtful — — — — — — — — — Total $ 483 $ 26,745 $ 26,775 $ 8,758 $ 8,117 $ 10,856 $ 183 $ — $ 81,917 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction: Pass $ 2,106 $ 27,238 $ 4,250 $ 961 $ 403 $ 325 $ 481 $ — $ 35,764 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 2,106 $ 27,238 $ 4,250 $ 961 $ 403 $ 325 $ 481 $ — $ 35,764 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total Pass $ 17,180 $ 115,022 $ 96,198 $ 30,814 $ 34,847 $ 58,395 $ 46,900 $ — $ 399,356 Special Mention — 21 — 409 6,652 — 244 — 7,326 Substandard — 498 1,440 1,822 483 5,099 6,904 — 16,246 Doubtful — — — — — — — — — Total $ 17,180 $ 115,541 $ 97,638 $ 33,045 $ 41,982 $ 63,494 $ 54,048 $ — $ 422,928 (Dollars in thousands) Pass Special Substandard Doubtful Not Total December 31, 2022 Commercial $ 119,353 $ 282 $ 7,927 $ — $ 1,781 $ 129,343 Commercial real estate 220,414 485 8,352 — 2,534 231,785 Construction & land development 40,640 6,655 — — 8,023 55,318 Total $ 380,407 $ 7,422 $ 16,279 $ — $ 12,338 $ 416,446 NOTE 3 – LOANS (CONTINUED) The Company monitors the credit risk profile by payment activity for residential and consumer loan classes. Loans past due 90 days or more and loans on nonaccrual status are considered nonperforming. The following table presents the amortized cost in residential consumer loans based on payment activity: Term Loans Amortized Costs Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total March 31, 2023 Consumer mortgage: Performing $ 6,702 $ 31,912 $ 39,547 $ 35,326 $ 9,748 $ 34,008 $ — $ — $ 157,243 Nonperforming — — — — — 73 — — 73 Total $ 6,702 $ 31,912 $ 39,547 $ 35,326 $ 9,748 $ 34,081 $ — $ — $ 157,316 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Performing $ 614 $ 5,257 $ 282 $ 1,320 $ 126 $ 135 $ — $ — $ 7,734 Nonperforming — — — — — — — — — Total $ 614 $ 5,257 $ 282 $ 1,320 $ 126 $ 135 $ — $ — $ 7,734 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity line of credit: Performing $ — $ — $ — $ — $ — $ — $ 43,269 $ 54 $ 43,323 Nonperforming — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 43,269 $ 54 $ 43,323 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer installment: Performing $ 1,632 $ 4,859 $ 1,812 $ 929 $ 353 $ 303 $ 63 $ — $ 9,951 Nonperforming — — — — — — — — — Total $ 1,632 $ 4,859 $ 1,812 $ 929 $ 353 $ 303 $ 63 $ — $ 9,951 Current period gross charge-offs $ — $ 3 $ 1 $ 2 $ 33 $ — $ — $ — $ 39 Consumer indirect: Performing $ 177 $ 1,322 $ 766 $ 647 $ 759 $ 2,647 $ — $ — $ 6,318 Nonperforming — — 7 — — 49 — — 56 Total $ 177 $ 1,322 $ 773 $ 647 $ 759 $ 2,696 $ — $ — $ 6,374 Current period gross charge-offs $ — $ — $ — $ — $ — $ 31 $ — $ — $ 31 Total Performing $ 8,511 $ 38,093 $ 42,125 $ 36,902 $ 10,860 $ 36,958 $ 43,332 $ 54 $ 216,835 Nonperforming — — 7 — — 122 — — 129 Total $ 8,511 $ 38,093 $ 42,132 $ 36,902 $ 10,860 $ 37,080 $ 43,332 $ 54 $ 216,964 Modifications to Borrowers Experiencing Financial Difficulty Occasionally, the Bank modifies loans to borrowers in financial distress by providing – principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. In some cases, the Bank may provide multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. There were no modifications of loans to borrowers in financial distress completed during the quarter ended March 31, 2023. NOTE 3 – LOANS (CONTINUED) Impaired Loans The following impaired loan information relates to required disclosures under the previous incurred loan loss methodology and are only presented with prior period information. The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class, based on the impairment method as of December 31, 2022: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total December 31, 2022 Allowance for loan losses: Individually evaluated for $ — $ — $ — $ — $ 4 $ — $ 4 Collectively evaluated for 1,110 2,760 1,268 803 229 664 6,834 Total ending allowance balance $ 1,110 $ 2,760 $ 1,268 $ 803 $ 233 $ 664 $ 6,838 Loans: Loans individually $ 123 $ 113 $ 677 $ — $ 123 $ 1,036 Loans collectively 129,220 231,672 193,448 55,318 16,264 625,922 Total ending loans balance $ 129,343 $ 231,785 $ 194,125 $ 55,318 $ 16,387 $ 626,958 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2022: (Dollars in thousands) Unpaid Recorded Recorded Total 1 Related December 31, 2022 Commercial $ 123 $ 124 $ — $ 124 $ — Commercial real estate 117 92 20 112 — Residential real estate 733 166 518 683 — Construction & land development — — — — — Consumer 127 6 121 127 4 Total impaired loans $ 1,101 $ 387 $ 659 $ 1,046 $ 4 1 Includes principal, accrued interest, unearned fees, and origination costs NOTE 3 – LOANS (CONTINUED) The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three Months Ended (Dollars in thousands) 2022 Average recorded investment: Commercial $ 264 Commercial real estate 222 Residential real estate 849 Construction & land development 329 Consumer 135 Average recorded investment in impaired loans $ 1,799 Interest income recognized: Commercial $ 1 Commercial real estate 2 Residential real estate 8 Construction & land development — Consumer 2 Interest income recognized on a cash basis on impaired loans $ 13 |
Short-Term Borrowings
Short-Term Borrowings | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | NOTE 4 – SHORT-TERM BORROWINGS The following table provides additional detail regarding repurchase agreements and the related collateral accounted for as secured borrowings. Remaining Contractual Maturity March 31, December 31, (Dollars in thousands) 2023 2022 Securities of U.S. Government Agencies and mortgage-backed securities of $ 29,967 $ 32,775 Repurchase agreements 29,813 32,550 |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | NOTE 5 – FAIR VALUE MEASUREMENTS The Company provides disclosures about assets and liabilities carried at fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and lowest priority to unobservable inputs. The three broad levels of the fair value hierarchy are described below: Level I: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access. Level II: Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by corroborated or other means. If the asset or liability has a specified (contractual) term, the Level II input must be observable for substantially the full term of the asset or liability. Level III: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. NOTE 5 – FAIR VALUE MEASUREMENTS (CONTINUED) The following table presents the assets reported on the Consolidated Balance Sheets at their fair value on a recurring basis as of March 31, 2023 and December 31, 2022 by level within the fair value hierarchy. No liabilities are carried at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Equity securities with readily determinable values and U.S. Treasury Notes are valued at the closing price reported on the active market on which the individual securities are traded. Obligations of U.S. government agencies, mortgage-backed securities, asset-backed securities, obligations of states and political subdivisions and corporate bonds are valued at observable market data for similar assets. Equity securities without readily determinable values are carried at amortized cost adjusted for impairment and observable price changes and are not included in the table below. (Dollars in thousands) Level I Level II Level III Total March 31, 2023 Assets: Securities available-for-sale U.S. Treasury securities $ 22,428 $ — $ — $ 22,428 U.S. Government agencies — 12,850 — 12,850 Mortgage-backed securities of government agencies — 67,895 — 67,895 Asset-backed securities of government agencies — 571 — 571 State and political subdivisions — 19,772 — 19,772 Corporate bonds — 25,753 — 25,753 Total available-for-sale securities $ 22,428 $ 126,841 $ — $ 149,269 Equity securities $ 207 $ — $ — $ 207 December 31, 2022 Assets: Securities available-for-sale U.S. Treasury securities $ 22,225 $ — $ — $ 22,225 U.S. Government agencies — 12,630 — 12,630 Mortgage-backed securities of government agencies — 68,890 — 68,890 Asset-backed securities of government agencies — 618 — 618 State and political subdivisions — 19,477 — 19,477 Corporate bonds — 26,229 — 26,229 Total available-for-sale securities $ 22,225 $ 127,844 $ — $ 150,069 Equity securities $ 198 $ — $ — $ 198 There were no assets reported at fair value and recorded on a nonrecurring basis on March 31, 2023, and December 31, 2022. |
Fair Values of Financial Instru
Fair Values of Financial Instruments | 3 Months Ended |
Mar. 31, 2023 | |
Investments All Other Investments [Abstract] | |
Fair Values of Financial Instruments | NOTE 6 – FAIR VALUES OF FINANCIAL INSTRUMENTS The fair values of recognized financial instruments as of March 31, 2023 and December 31, 2022 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value March 31, 2023 Financial assets Securities held-to-maturity $ 243,334 $ 11,836 $ 201,215 $ — $ 213,051 Loans held for sale — — — — — Net loans 641,466 — — 622,852 622,852 Mortgage servicing rights 606 — — 606 606 Financial liabilities Deposits $ 1,007,507 $ 879,886 $ — $ 128,398 $ 1,008,284 Other borrowings 2,394 — — 2,270 2,270 December 31, 2022 Financial assets Securities held-to-maturity $ 247,401 $ 11,617 $ 200,337 $ — $ 211,954 Loans held for sale 52 55 — — 55 Net loans 620,333 — — 600,720 600,720 Mortgage servicing rights 621 — — 621 621 Financial liabilities Deposits $ 1,023,417 $ 905,335 $ — $ 114,478 $ 1,019,813 Other borrowings 2,461 — — 2,321 2,321 Other financial instruments carried at amortized cost include cash and cash equivalents, restricted stock, bank-owned life insurance, accrued interest receivable, short-term borrowings, and accrued interest payable, all of which have a level 1 fair value that approximates their carrying value. The Company also has unrecognized financial instruments on March 31, 2023 and December 31, 2022 . These financial instruments relate to commitments to extend credit and letters of credit. The aggregate contract amount of such financial instruments was approximately $ 265 million on March 31, 2023 and $ 268 million on December 31, 2022. Such amounts are also considered to be the fair values. The fair value estimates of financial instruments are made at a specific point in time based on relevant market information. Since no ready market exists for a significant portion of the financial instruments, fair value estimates are largely based on judgments after considering such factors as future expected credit losses, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Loss | Note 7- ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in accumulated other comprehensive loss by component net of tax for the three months ended March 31, 2023 and 2022: (Dollars in thousands) Pretax Tax Effect After-tax Three Months Ended March 31, 2023 Balance, beginning of period $ ( 16,354 ) $ 3,435 $ ( 12,919 ) Unrealized holding gain (loss) on available-for-sale securities arising during 1,327 ( 279 ) 1,048 Amortization of held-to-maturity discount resulting from transfer 46 ( 10 ) 36 Total other comprehensive income 1,373 ( 289 ) 1,084 Balance, end of period $ ( 14,981 ) $ 3,146 $ ( 11,835 ) Three Months Ended March 31, 2022 Balance, beginning of period $ ( 2,691 ) $ 566 $ ( 2,125 ) Unrealized holding loss on available-for-sale securities arising during ( 6,538 ) 1,373 ( 5,165 ) Amortization of held-to-maturity discount resulting from transfer 98 ( 21 ) 77 Total other comprehensive loss ( 6,440 ) 1,352 ( 5,088 ) Balance, end of period $ ( 9,131 ) $ 1,918 $ ( 7,213 ) |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Allowance for Credit Losses - Loans and Leases Policy | ALLOWANCE FOR CREDIT LOSSES - LOANS AND LEASES POLICY In connection with our adoption of ASU 2016-13, we made changes to our loan portfolio segments to align with the methodology applied in determining the allowance under CECL. Refer to Note 3 Loans, for further discussion of these portfolio segments. In addition to our existing segments, our new segmentation breaks out commercial lessors of buildings, and consumer indirect loans as well as separating consumer mortgage loans from home equity line of credit loans. The ACL is a valuation reserve established and maintained by charges against operating income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers our historical loss experience, current conditions and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period. The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans. The ACL for homogeneous loans is calculated using a life-time loss rate methodology with both a quantitative and a qualitative analysis that is applied on a quarterly basis. The ACL model is comprised of eight distinct portfolio segments: 1) Commercial and Industrial or C&I, 2) Commercial Real Estate, or CRE, 3) Commercial Lessors of Buildings, 4) Construction, 5) Consumer Real Estate, 6) Home Equity Line of Credit or HELOC, 7) Consumer Installment, and 8) Consumer Indirect loans. Each segment has a distinct set of risk characteristics monitored by management. We further evaluate the ACL at a disaggregated level which includes type of collateral, loan participations, non-owner occupied and our internal risk rating system for the commercial segments, and type of collateral, and lien position, for the consumer segments. Historical credit loss experience is the basis for the estimation of expected credit losses. We apply historical loss rates to pools of loans with similar risk characteristics. After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Our reasonable and NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) supportable forecast adjustment is based on the unemployment forecast and management judgment. For periods beyond our two-year reasonable and supportable forecast, we revert to the historical loss rate. The qualitative adjustments for current conditions are based upon changes in lending policies and practices,change in economic conditions, change in nature of the portfolio, experience and ability of lending staff, problem loan trends, quality of the bank’s loan review system, value of underlying collateral for collateral dependent loans, the existence of and changes in concentrations and other external factors. These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve. A similar process is employed to calculate a reserve assigned to off-balance sheet commitments, specifically unfunded loan commitments and letters of credit, and any needed reserve is recorded in other liabilities. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial loans greater than $ 500 thousand that meet the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, and 3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance. Although we believe our process for determining the ACL appropriately considers all the factors that would likely result in credit losses, the process includes subjective elements and may be susceptible to significant change. To the extent actual losses are higher than management estimates, additional provision for credit losses could be required and could adversely affect our earnings or financial position in future periods. |
Use of Estimates in Preparing Financial Statements | USE OF ESTIMATES IN PREPARING FINANCIAL STATEMENTS In preparing the Consolidated Financial Statements, in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Balance Sheets and reported amounts of revenues and expenses during each reporting period. Actual results could differ from those estimates. The most significant estimates susceptible to change in the near term relate to management’s determination of the allowance for credit losses and the fair value of financial instruments. |
Accounting Pronouncements adopted in 2023 | ACCOUNTING PRONOUNCEMENTS ADOPTED IN 2023 In June 2016, the FASB issued ASU No. 2016-13, " Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" and subsequent related updates. This ASU replaces the incurred loss methodology for recognizing credit losses and requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets measured at amortized cost, including loans and held-to-maturity securities, net investments in leases, off-balance sheet credit exposures such as unfunded commitments, and other financial instruments. In addition, ASC 326 requires credit losses on available-for-sale debt securities to be presented as an allowance rather than as a write-down when management does not intend to sell or believes that it is not more likely than not they will be required to sell the debt securities. This guidance became effective on January 1, 2023 for the Bank. The results reported for periods beginning after January 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable accounting standards. NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The Bank adopted this guidance, and subsequent related updates, using the modified retrospective approach for all financial assets measured at amortized cost, including loans and held-to-maturity debt securities, available-for-sale debt securities and unfunded commitments. On January 1, 2023, the Bank recorded a cumulative effect increase to retained earnings of $ 52 thousand, net of tax, of which $ 442 thousand related to loans, offset by $ 390 thousand related to unfunded commitments, net of tax. There was no allowance for credit losses recorded for either available-for-sale or held-to-maturity debt securities. See Note 3 for further discussion on the adoption of CECL. The Bank adopted the provisions of ASC 326 related to presenting other-than-temporary impairment on available-for- sale debt securities prior to January 1, 2023 using the prospective transition approach, though no such charges had been recorded on the securities held by the Bank as of the date of adoption. The Bank expanded the pooling utilized under the legacy incurred loss method to include additional segmentation based on risk. The impact of the change from the incurred loss model to the current expected credit loss model is detailed below: January 1, 2023 (Dollars in thousands) Pre-adoption Adoption Impact As Reported Assets: ACL on loans Commercial and industrial $ 1,110 $ 658 $ 1,768 Commercial real estate 2,760 ( 541 ) 2,219 Commercial lessors of buildings — 974 974 Construction 803 ( 515 ) 288 Consumer mortgage 1,268 ( 580 ) 688 Home equity line of credit — 201 201 Consumer installment 233 ( 183 ) 50 Consumer indirect — 91 91 Unallocated 664 ( 664 ) — Total allowance for credit losses - loans 6,838 ( 559 ) $ 6,279 Liabilities: ACL for off-balance sheet commitments — 493 493 Total allowance for credit losses $ 6,838 ( 66 ) $ 6,772 The following table presents the Bank's loan portfolio, prior to the adoption of ASC 326, by category of loans and the impact of the change from the adoption of the standard: (Dollars in thousands) December 31, 2022 Adoption Impact Post Adoption January 1, 2023 Commercial and industrial $ 129,343 $ ( 2,209 ) $ 127,134 Commercial real estate 231,785 ( 70,625 ) 161,160 Commercial lessors of buildings — 83,728 83,728 Construction 55,318 ( 10,452 ) 44,866 Consumer mortgage 194,125 ( 44,338 ) 149,787 Home equity line of credit — 44,243 44,243 Consumer installment 16,387 ( 6,730 ) 9,657 Consumer indirect — 6,383 6,383 $ 626,958 $ — $ 626,958 Gross loans prior to deferred fees Deferred loan costs, net 213 — 213 Allowance for credit losses ( 6,838 ) 559 ( 6,279 ) Total net loans $ 620,333 $ 559 $ 620,892 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In March 2022, the FASB issued ASU 2022-02, “ Financial Instruments – Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures” . The guidance amends ASC 326 to eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying TDR recognition and measurement guidance, creditors will determine whether a modification results in a new loan or continuation of existing loan. The guidance also requires disclosures about the performance of modified loans to borrowers experiencing financial difficulty in the 12 months following the modification. These amendments are intended to enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current period gross write-offs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivable by year of origination. The guidance is only for entities that have adopted the amendments in Update 2016-13. This guidance has been adopted as of January 1, 2023 , however, there have been no reportable loan modifications during the quarter ended March 31, 2023. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Impact on Loans and Allowance for Credit Losses Due to Adoption of ASU 326 | The impact of the change from the incurred loss model to the current expected credit loss model is detailed below: January 1, 2023 (Dollars in thousands) Pre-adoption Adoption Impact As Reported Assets: ACL on loans Commercial and industrial $ 1,110 $ 658 $ 1,768 Commercial real estate 2,760 ( 541 ) 2,219 Commercial lessors of buildings — 974 974 Construction 803 ( 515 ) 288 Consumer mortgage 1,268 ( 580 ) 688 Home equity line of credit — 201 201 Consumer installment 233 ( 183 ) 50 Consumer indirect — 91 91 Unallocated 664 ( 664 ) — Total allowance for credit losses - loans 6,838 ( 559 ) $ 6,279 Liabilities: ACL for off-balance sheet commitments — 493 493 Total allowance for credit losses $ 6,838 ( 66 ) $ 6,772 The following table presents the Bank's loan portfolio, prior to the adoption of ASC 326, by category of loans and the impact of the change from the adoption of the standard: (Dollars in thousands) December 31, 2022 Adoption Impact Post Adoption January 1, 2023 Commercial and industrial $ 129,343 $ ( 2,209 ) $ 127,134 Commercial real estate 231,785 ( 70,625 ) 161,160 Commercial lessors of buildings — 83,728 83,728 Construction 55,318 ( 10,452 ) 44,866 Consumer mortgage 194,125 ( 44,338 ) 149,787 Home equity line of credit — 44,243 44,243 Consumer installment 16,387 ( 6,730 ) 9,657 Consumer indirect — 6,383 6,383 $ 626,958 $ — $ 626,958 Gross loans prior to deferred fees Deferred loan costs, net 213 — 213 Allowance for credit losses ( 6,838 ) 559 ( 6,279 ) Total net loans $ 620,333 $ 559 $ 620,892 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Investments Debt And Equity Securities [Abstract] | |
Summary of Securities Available-for-Sale and Restricted Stock | Securities consist of the following on March 31, 2023 and December 31, 2022: (Dollars in thousands) Amortized Gross Gross Fair value March 31, 2023 Available-for-sale U.S. Treasury securities $ 23,174 $ — $ ( 746 ) $ 22,428 U.S. Government agencies 13,999 — ( 1,149 ) 12,850 Mortgage-backed securities of government agencies 75,653 31 ( 7,789 ) 67,895 Asset-backed securities of government agencies 606 — ( 35 ) 571 State and political subdivisions 20,431 1 ( 660 ) 19,772 Corporate bonds 28,715 — ( 2,962 ) 25,753 Total available-for-sale 162,578 32 ( 13,341 ) 149,269 Held-to-maturity U.S Treasury Securities $ 12,766 $ — $ ( 930 ) $ 11,836 Mortgage-backed securities of government agencies 227,996 50 ( 29,228 ) 198,818 State and political subdivisions 2,572 6 ( 181 ) 2,397 Total held-to-maturity 243,334 56 ( 30,339 ) 213,051 Equity securities 185 68 — 253 Restricted stock 1,760 — — 1,760 Total securities $ 407,857 $ 156 $ ( 43,680 ) $ 364,333 December 31, 2022 Available-for-sale U.S. Treasury securities $ 23,194 $ — $ ( 969 ) $ 22,225 U.S. Government agencies 13,999 — ( 1,369 ) 12,630 Mortgage-backed securities of government agencies 77,677 72 ( 8,859 ) 68,890 Asset-backed securities of government agencies 633 — ( 15 ) 618 State and political subdivisions 20,462 — ( 985 ) 19,477 Corporate bonds 28,740 — ( 2,511 ) 26,229 Total available-for-sale 164,705 72 ( 14,708 ) 150,069 Held-to-maturity U.S Treasury Securities $ 12,753 $ — $ ( 1,136 ) $ 11,617 Mortgage-backed securities of government agencies 232,068 — ( 34,051 ) 198,017 State and political subdivisions 2,580 1 ( 261 ) 2,320 Total held-to-maturity 247,401 1 ( 35,448 ) 211,954 Equity securities 185 59 — 244 Restricted stock 3,430 — — 3,430 Total securities $ 415,721 $ 132 $ ( 50,156 ) $ 365,697 |
Summary of Amortized Cost and Fair Value of Debt Securities | The amortized cost and fair value of debt securities on March 31, 2023, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized cost Fair value Available-for-sale Due in one year or less $ 7,956 $ 7,798 Due after one through five years 62,410 58,490 Due after five through ten years 24,650 22,777 Due after ten years 67,562 60,204 Total debt securities available-for-sale $ 162,578 $ 149,269 Held-to-maturity Due in one year or less $ 2,498 $ 2,446 Due after one through five years 7,419 6,907 Due after five through ten years 4,748 4,260 Due after ten years 228,669 199,438 Total debt securities held-to-maturity $ 243,334 $ 213,051 |
Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities | The following table presents gross unrealized losses and fair value of securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, on March 31, 2023 and December 31, 2022: Securities in a continuous unrealized loss position Less than 12 months 12 months or more Total (Dollars in thousands) Gross Fair Gross Fair Gross Fair March 31, 2023 Available-for-sale U.S. Treasury securities $ ( 152 ) $ 7,815 $ ( 594 ) $ 14,613 $ ( 746 ) $ 22,428 U.S. Government agencies — — ( 1,149 ) 12,850 ( 1,149 ) 12,850 Mortgage-backed securities of government ( 35 ) 4,870 ( 7,754 ) 54,883 ( 7,789 ) 59,753 Asset-backed securities of government — — ( 35 ) 571 ( 35 ) 571 State and political subdivisions ( 37 ) 5,411 ( 623 ) 12,415 ( 660 ) 17,826 Corporate bonds ( 459 ) 6,086 ( 2,503 ) 19,667 ( 2,962 ) 25,753 Held-to-maturity U.S. Treasury Securities — — ( 930 ) 11,836 ( 930 ) 11,836 Mortgage-backed securities of government ( 172 ) 7,370 ( 29,056 ) 182,498 ( 29,228 ) 189,868 State and political subdivisions — — ( 181 ) 1,977 ( 181 ) 1,977 Total impaired securities $ ( 855 ) $ 31,552 $ ( 42,825 ) $ 311,310 $ ( 43,680 ) $ 342,862 December 31, 2022 Available-for-sale U.S. Treasury securities $ ( 798 ) $ 17,405 $ ( 171 ) $ 4,820 $ ( 969 ) $ 22,225 U.S. Government agencies — — ( 1,369 ) 12,630 ( 1,369 ) 12,630 Mortgage-backed securities of government ( 1,046 ) 16,188 ( 7,813 ) 44,519 ( 8,859 ) 60,707 Asset-backed securities of government — — ( 15 ) 618 ( 15 ) 618 State and political subdivisions ( 189 ) 9,079 ( 796 ) 9,848 ( 985 ) 18,927 Corporate bonds ( 1,165 ) 13,502 ( 1,346 ) 12,727 ( 2,511 ) 26,229 Held-to-maturity — U.S. Treasury Securities — — ( 1,136 ) 11,617 ( 1,136 ) 11,617 Mortgage-backed securities of government ( 9,733 ) 79,325 ( 24,318 ) 118,692 ( 34,051 ) 198,017 State and political subdivisions — — ( 261 ) 1,903 ( 261 ) 1,903 Total temporarily impaired securities $ ( 12,931 ) $ 135,499 $ ( 37,225 ) $ 217,374 $ ( 50,156 ) $ 352,873 |
Summary of Amortized Cost of Held-to Maturity Debt Securities Aggregated by Credit Quality Indicator | The following table summarizes the amortized cost of held-to maturity debt securities at March 31, 2023, aggregated by credit quality indicator: (Dollars in thousands) U.S. Treasury securities Mortgage- backed securities of government agencies State and political subdivisions March 31, 2023 Credit rating: AAA / AA / A $ 12,766 $ 227,996 $ 2,572 BBB / BB / B — — — Lower than B — — — Non-rated — — — Total $ 12,766 $ 227,996 $ 2,572 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Summary of Loans | The composition of net loans receivable as of March 31, 2023 and December 31, 2022: (Dollars in thousands) March 31, Commercial and industrial $ 137,369 Commercial real estate 167,878 Commercial lessors of buildings 81,917 Construction 43,498 Consumer mortgage 157,316 Home equity line of credit 43,323 Consumer installment 9,951 Consumer indirect 6,374 Total loans 647,626 Allowance for credit losses ( 6,307 ) Deferred loan costs, net 147 Net Loans $ 641,466 (Dollars in thousands) December 31, Commercial $ 129,343 Commercial real estate 231,785 Residential real estate 194,125 Construction & land development 55,318 Consumer 16,387 Total loans 626,958 Allowance for loan losses ( 6,838 ) Deferred loan costs, net 213 Total Loans $ 620,333 |
Summary of Allowance for Loan Losses | Allowance for Credit Losses The following table details activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2023. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. (Dollars in thousands) Beginning Balance Impact of Adopting ASC 326 Charge-offs Recoveries Provisions (Reductions) Ending Balance March 31, 2023 Commercial and industrial $ 1,110 $ 658 $ — $ 10 $ 43 $ 1,821 Commercial real estate 2,760 ( 541 ) — 1 16 2,236 Commercial lessors of buildings — 974 — — ( 9 ) 965 Construction 803 ( 515 ) — — ( 17 ) 271 Consumer mortgage 1,268 ( 580 ) — — 5 693 Home equity line of credit — 201 — — ( 15 ) 186 Consumer installment 233 ( 183 ) ( 8 ) — 5 47 Consumer indirect — 91 ( 31 ) 24 4 88 Unallocated 664 ( 664 ) — — — — $ 6,838 $ ( 559 ) $ ( 39 ) $ 35 $ 32 $ 6,307 Allowance for Loan Losses The following tables detail activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2022. (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total Three Months Ended March 31, 2022 Beginning balance $ 1,240 $ 2,838 $ 992 $ 1,380 $ 421 $ 747 $ 7,618 (Recovery of) provision for loan ( 65 ) ( 288 ) 46 154 ( 31 ) ( 116 ) ( 300 ) Charge-offs ( 10 ) — — — ( 21 ) ( 31 ) Recoveries 4 — 1 — 13 18 Net (charge-offs) recoveries ( 6 ) — 1 — ( 8 ) ( 13 ) Ending balance $ 1,169 $ 2,550 $ 1,039 $ 1,534 $ 382 $ 631 $ 7,305 |
Schedule of Aging of Past Due and Nonaccrual Loans | The following table presents the classes of the loan portfolio summarized by the past-due status. (Dollars in thousands) Current 30-60 61-89 90 Days + Total Past Due Total March 31, 2023 Commercial and industrial $ 137,318 $ 51 $ — $ — $ 51 $ 137,369 Commercial real estate 167,878 — — — — 167,878 Commercial lessors of buildings 81,917 — — — — 81,917 Construction 43,467 31 — — 31 43,498 Consumer mortgage 157,079 237 — — 237 157,316 Home equity line of credit 43,074 162 87 — 249 43,323 Consumer installment 9,868 83 — — 83 9,951 Consumer indirect 6,374 — — — — 6,374 Total Loans $ 646,975 $ 564 $ 87 $ — $ 651 $ 647,626 The following table presents the aging of past due loans and nonaccrual loans as of December 31, 2022: Accruing Loans (Dollars in thousands) Current 30-59 60-89 90 Days + Non- Total Total December 31, 2022 Commercial $ 129,270 $ 70 $ 3 $ — $ — $ 73 $ 129,343 Commercial real estate 231,693 — — — 92 92 231,785 Residential real estate 193,794 95 137 — 99 331 194,125 Construction & land development 55,286 32 — — — 32 55,318 Consumer 16,091 103 128 — 65 296 16,387 Total Loans $ 626,134 $ 300 $ 268 $ — $ 256 $ 824 $ 626,958 |
Schedule of Amortized Cost Basis Of Loans On Nonaccrual Status And Loans Past Due Over 90 Days Still Accruing Interest | The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of March 31, 2023: (Dollars in thousands) Nonaccrual with no ACL Nonaccrual with ACL Total Nonaccrual Loans Past Due Over 90 Days Still Accruing Total Nonperforming March 31, 2023 Commercial and industrial $ 2 $ — $ 2 $ — $ 2 Commercial real estate 87 — 87 — 87 Commercial lessors of buildings — — — — — Construction — — — — — Consumer mortgage 73 — 73 — 73 Home equity line of credit — — — — — Consumer installment 56 — 56 — 56 Consumer indirect — — — — — Total Loans $ 218 $ — $ 218 $ — $ 218 |
Summary of Loans by Credit Quality Indicator | Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Based on the most recent analysis performed, the following tables present the recorded investment in non-homogeneous loans by internal risk rating system as of March 31, 2023 and December 31, 2022: Term Loans Amortized Costs Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total March 31, 2023 Commercial and industrial: Pass $ 6,532 $ 33,855 $ 17,116 $ 7,745 $ 5,613 $ 11,097 $ 45,792 $ — $ 127,750 Special mention — 21 — — 22 — 244 — 287 Substandard — 498 507 805 4 614 6,904 — 9,332 Doubtful — — — — — — — — — Total $ 6,532 $ 34,374 $ 17,623 $ 8,550 $ 5,639 $ 11,711 $ 52,940 $ — $ 137,369 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 8,059 $ 27,184 $ 48,057 $ 13,725 $ 20,714 $ 36,117 $ 444 $ — $ 154,300 Special Mention — — — 409 6,630 — — — 7,039 Substandard — — 933 642 479 4,485 — — 6,539 Doubtful — — — — — — — — — Total $ 8,059 $ 27,184 $ 48,990 $ 14,776 $ 27,823 $ 40,602 $ 444 $ — $ 167,878 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial lessors of buildings: Pass $ 483 $ 26,745 $ 26,775 $ 8,383 $ 8,117 $ 10,856 $ 183 $ — $ 81,542 Special Mention — — — — — — — — — Substandard — — — 375 — — — — 375 Doubtful — — — — — — — — — Total $ 483 $ 26,745 $ 26,775 $ 8,758 $ 8,117 $ 10,856 $ 183 $ — $ 81,917 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction: Pass $ 2,106 $ 27,238 $ 4,250 $ 961 $ 403 $ 325 $ 481 $ — $ 35,764 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 2,106 $ 27,238 $ 4,250 $ 961 $ 403 $ 325 $ 481 $ — $ 35,764 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total Pass $ 17,180 $ 115,022 $ 96,198 $ 30,814 $ 34,847 $ 58,395 $ 46,900 $ — $ 399,356 Special Mention — 21 — 409 6,652 — 244 — 7,326 Substandard — 498 1,440 1,822 483 5,099 6,904 — 16,246 Doubtful — — — — — — — — — Total $ 17,180 $ 115,541 $ 97,638 $ 33,045 $ 41,982 $ 63,494 $ 54,048 $ — $ 422,928 (Dollars in thousands) Pass Special Substandard Doubtful Not Total December 31, 2022 Commercial $ 119,353 $ 282 $ 7,927 $ — $ 1,781 $ 129,343 Commercial real estate 220,414 485 8,352 — 2,534 231,785 Construction & land development 40,640 6,655 — — 8,023 55,318 Total $ 380,407 $ 7,422 $ 16,279 $ — $ 12,338 $ 416,446 NOTE 3 – LOANS (CONTINUED) The following table presents the amortized cost in residential consumer loans based on payment activity: Term Loans Amortized Costs Basis by Origination Year Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Total March 31, 2023 Consumer mortgage: Performing $ 6,702 $ 31,912 $ 39,547 $ 35,326 $ 9,748 $ 34,008 $ — $ — $ 157,243 Nonperforming — — — — — 73 — — 73 Total $ 6,702 $ 31,912 $ 39,547 $ 35,326 $ 9,748 $ 34,081 $ — $ — $ 157,316 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Construction Performing $ 614 $ 5,257 $ 282 $ 1,320 $ 126 $ 135 $ — $ — $ 7,734 Nonperforming — — — — — — — — — Total $ 614 $ 5,257 $ 282 $ 1,320 $ 126 $ 135 $ — $ — $ 7,734 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Home equity line of credit: Performing $ — $ — $ — $ — $ — $ — $ 43,269 $ 54 $ 43,323 Nonperforming — — — — — — — — — Total $ — $ — $ — $ — $ — $ — $ 43,269 $ 54 $ 43,323 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer installment: Performing $ 1,632 $ 4,859 $ 1,812 $ 929 $ 353 $ 303 $ 63 $ — $ 9,951 Nonperforming — — — — — — — — — Total $ 1,632 $ 4,859 $ 1,812 $ 929 $ 353 $ 303 $ 63 $ — $ 9,951 Current period gross charge-offs $ — $ 3 $ 1 $ 2 $ 33 $ — $ — $ — $ 39 Consumer indirect: Performing $ 177 $ 1,322 $ 766 $ 647 $ 759 $ 2,647 $ — $ — $ 6,318 Nonperforming — — 7 — — 49 — — 56 Total $ 177 $ 1,322 $ 773 $ 647 $ 759 $ 2,696 $ — $ — $ 6,374 Current period gross charge-offs $ — $ — $ — $ — $ — $ 31 $ — $ — $ 31 Total Performing $ 8,511 $ 38,093 $ 42,125 $ 36,902 $ 10,860 $ 36,958 $ 43,332 $ 54 $ 216,835 Nonperforming — — 7 — — 122 — — 129 Total $ 8,511 $ 38,093 $ 42,132 $ 36,902 $ 10,860 $ 37,080 $ 43,332 $ 54 $ 216,964 |
Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method | The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio class, based on the impairment method as of December 31, 2022: (Dollars in thousands) Commercial Commercial Residential Construction Consumer Unallocated Total December 31, 2022 Allowance for loan losses: Individually evaluated for $ — $ — $ — $ — $ 4 $ — $ 4 Collectively evaluated for 1,110 2,760 1,268 803 229 664 6,834 Total ending allowance balance $ 1,110 $ 2,760 $ 1,268 $ 803 $ 233 $ 664 $ 6,838 Loans: Loans individually $ 123 $ 113 $ 677 $ — $ 123 $ 1,036 Loans collectively 129,220 231,672 193,448 55,318 16,264 625,922 Total ending loans balance $ 129,343 $ 231,785 $ 194,125 $ 55,318 $ 16,387 $ 626,958 |
Schedule of Impairment by Class of Loans | The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2022: (Dollars in thousands) Unpaid Recorded Recorded Total 1 Related December 31, 2022 Commercial $ 123 $ 124 $ — $ 124 $ — Commercial real estate 117 92 20 112 — Residential real estate 733 166 518 683 — Construction & land development — — — — — Consumer 127 6 121 127 4 Total impaired loans $ 1,101 $ 387 $ 659 $ 1,046 $ 4 1 Includes principal, accrued interest, unearned fees, and origination costs |
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized | The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three Months Ended (Dollars in thousands) 2022 Average recorded investment: Commercial $ 264 Commercial real estate 222 Residential real estate 849 Construction & land development 329 Consumer 135 Average recorded investment in impaired loans $ 1,799 Interest income recognized: Commercial $ 1 Commercial real estate 2 Residential real estate 8 Construction & land development — Consumer 2 Interest income recognized on a cash basis on impaired loans $ 13 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Summary of Repurchase Agreements and Related Collateral Accounted for as Secured Borrowings | The following table provides additional detail regarding repurchase agreements and the related collateral accounted for as secured borrowings. Remaining Contractual Maturity March 31, December 31, (Dollars in thousands) 2023 2022 Securities of U.S. Government Agencies and mortgage-backed securities of $ 29,967 $ 32,775 Repurchase agreements 29,813 32,550 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value of Assets Measured on Recurring Basis | The following table presents the assets reported on the Consolidated Balance Sheets at their fair value on a recurring basis as of March 31, 2023 and December 31, 2022 by level within the fair value hierarchy. No liabilities are carried at fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Equity securities with readily determinable values and U.S. Treasury Notes are valued at the closing price reported on the active market on which the individual securities are traded. Obligations of U.S. government agencies, mortgage-backed securities, asset-backed securities, obligations of states and political subdivisions and corporate bonds are valued at observable market data for similar assets. Equity securities without readily determinable values are carried at amortized cost adjusted for impairment and observable price changes and are not included in the table below. (Dollars in thousands) Level I Level II Level III Total March 31, 2023 Assets: Securities available-for-sale U.S. Treasury securities $ 22,428 $ — $ — $ 22,428 U.S. Government agencies — 12,850 — 12,850 Mortgage-backed securities of government agencies — 67,895 — 67,895 Asset-backed securities of government agencies — 571 — 571 State and political subdivisions — 19,772 — 19,772 Corporate bonds — 25,753 — 25,753 Total available-for-sale securities $ 22,428 $ 126,841 $ — $ 149,269 Equity securities $ 207 $ — $ — $ 207 December 31, 2022 Assets: Securities available-for-sale U.S. Treasury securities $ 22,225 $ — $ — $ 22,225 U.S. Government agencies — 12,630 — 12,630 Mortgage-backed securities of government agencies — 68,890 — 68,890 Asset-backed securities of government agencies — 618 — 618 State and political subdivisions — 19,477 — 19,477 Corporate bonds — 26,229 — 26,229 Total available-for-sale securities $ 22,225 $ 127,844 $ — $ 150,069 Equity securities $ 198 $ — $ — $ 198 |
Fair Values of Financial Inst_2
Fair Values of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Investments All Other Investments [Abstract] | |
Schedule of Estimated Fair Values of Recognized Financial Instruments | The fair values of recognized financial instruments as of March 31, 2023 and December 31, 2022 are as follows: (Dollars in thousands) Carrying Level I Level II Level III Fair Value March 31, 2023 Financial assets Securities held-to-maturity $ 243,334 $ 11,836 $ 201,215 $ — $ 213,051 Loans held for sale — — — — — Net loans 641,466 — — 622,852 622,852 Mortgage servicing rights 606 — — 606 606 Financial liabilities Deposits $ 1,007,507 $ 879,886 $ — $ 128,398 $ 1,008,284 Other borrowings 2,394 — — 2,270 2,270 December 31, 2022 Financial assets Securities held-to-maturity $ 247,401 $ 11,617 $ 200,337 $ — $ 211,954 Loans held for sale 52 55 — — 55 Net loans 620,333 — — 600,720 600,720 Mortgage servicing rights 621 — — 621 621 Financial liabilities Deposits $ 1,023,417 $ 905,335 $ — $ 114,478 $ 1,019,813 Other borrowings 2,461 — — 2,321 2,321 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Equity [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive Loss by Component Net of Tax | The following table presents the changes in accumulated other comprehensive loss by component net of tax for the three months ended March 31, 2023 and 2022: (Dollars in thousands) Pretax Tax Effect After-tax Three Months Ended March 31, 2023 Balance, beginning of period $ ( 16,354 ) $ 3,435 $ ( 12,919 ) Unrealized holding gain (loss) on available-for-sale securities arising during 1,327 ( 279 ) 1,048 Amortization of held-to-maturity discount resulting from transfer 46 ( 10 ) 36 Total other comprehensive income 1,373 ( 289 ) 1,084 Balance, end of period $ ( 14,981 ) $ 3,146 $ ( 11,835 ) Three Months Ended March 31, 2022 Balance, beginning of period $ ( 2,691 ) $ 566 $ ( 2,125 ) Unrealized holding loss on available-for-sale securities arising during ( 6,538 ) 1,373 ( 5,165 ) Amortization of held-to-maturity discount resulting from transfer 98 ( 21 ) 77 Total other comprehensive loss ( 6,440 ) 1,352 ( 5,088 ) Balance, end of period $ ( 9,131 ) $ 1,918 $ ( 7,213 ) |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) | Mar. 31, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Summary Of Significant Accounting Policies [Line Items] | |||||
Allowance for credit/loan losses | $ 6,307,000 | $ 6,838,000 | $ 7,305,000 | $ 7,618,000 | |
Retained earnings | 89,524,000 | $ 86,502,000 | |||
Allowance for credit losses, available for sale debt securities | 0 | ||||
Held to maturity security, allowance for credit loss | $ 0 | ||||
Accounting Standards Update 2022-02 [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Change in accounting principle, accounting standards update, adoption date | Jan. 01, 2023 | ||||
Change in accounting principle, accounting standards update, adopted | true | ||||
Accounting Standards Update 2016-13 [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Allowance for credit/loan losses | $ 6,279,000 | ||||
Change in accounting principle, accounting standards update, adoption date | Jan. 01, 2023 | ||||
Change in accounting principle, accounting standards update, adopted | true | ||||
Net of tax related to loans | 442,000 | ||||
Unfunded commitments | 390,000 | ||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect of Adoption [Memnber] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Retained earnings | $ 52,000 | ||||
Maximum [Member] | Commercial Loans [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Allowance for credit/loan losses | $ 500,000 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Impact of Change from Incurred Loss Model to Current Expected Credit Loss Model (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | $ 6,307 | $ 6,838 | $ 7,305 | $ 7,618 | |
ACL for off-balance sheet commitments | 430 | ||||
ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | $ 6,279 | ||||
ACL for off-balance sheet commitments | 493 | ||||
Total allowance for credit losses | 6,772 | ||||
Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 6,838 | 6,838 | |||
Total allowance for credit losses | 6,838 | ||||
Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | (559) | 559 | |||
ACL for off-balance sheet commitments | 493 | ||||
Total allowance for credit losses | (66) | ||||
Commercial and Industrial [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 1,821 | 1,110 | |||
Commercial and Industrial [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 1,768 | ||||
Commercial and Industrial [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 1,110 | ||||
Commercial and Industrial [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 658 | ||||
Commercial Real Estate [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 2,236 | 2,760 | 2,550 | 2,838 | |
Commercial Real Estate [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 2,219 | ||||
Commercial Real Estate [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 2,760 | ||||
Commercial Real Estate [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | (541) | ||||
Commercial Lessors of Buildings [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 965 | ||||
Commercial Lessors of Buildings [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 974 | ||||
Commercial Lessors of Buildings [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 974 | ||||
Construction [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 271 | 803 | |||
Construction [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 288 | ||||
Construction [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 803 | ||||
Construction [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | (515) | ||||
Consumer Mortgage [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 693 | 1,268 | |||
Consumer Mortgage [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 688 | ||||
Consumer Mortgage [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 1,268 | ||||
Consumer Mortgage [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | (580) | ||||
Home Equity Line of Credit [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 186 | ||||
Home Equity Line of Credit [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 201 | ||||
Home Equity Line of Credit [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 201 | ||||
Consumer Installment [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 47 | 233 | |||
Consumer Installment [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 50 | ||||
Consumer Installment [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 233 | ||||
Consumer Installment [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | (183) | ||||
Consumer Indirect [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | $ 88 | ||||
Consumer Indirect [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 91 | ||||
Consumer Indirect [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 91 | ||||
Unallocated [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | $ 664 | $ 631 | $ 747 | ||
Unallocated [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | 664 | ||||
Unallocated [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total allowance for credit losses - loans | $ (664) |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Summary of Category of Loans and Impact of Change from Adoption (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Jan. 01, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | $ 647,626 | $ 626,958 | |||
Deferred loan costs, net | 147 | 213 | |||
Allowance for credit/loan losses | (6,307) | (6,838) | $ (7,305) | $ (7,618) | |
Net Total Loans | 641,466 | 620,333 | |||
ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | $ 626,958 | ||||
Deferred loan costs, net | 213 | ||||
Allowance for credit/loan losses | (6,279) | ||||
Net Total Loans | 620,892 | ||||
Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 626,958 | ||||
Deferred loan costs, net | 213 | ||||
Allowance for credit/loan losses | (6,838) | (6,838) | |||
Net Total Loans | 620,333 | ||||
Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Allowance for credit/loan losses | 559 | (559) | |||
Net Total Loans | 559 | ||||
Commercial and Industrial [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 137,369 | ||||
Allowance for credit/loan losses | (1,821) | (1,110) | |||
Commercial and Industrial [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 127,134 | ||||
Allowance for credit/loan losses | (1,768) | ||||
Commercial and Industrial [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 129,343 | ||||
Allowance for credit/loan losses | (1,110) | ||||
Commercial and Industrial [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | (2,209) | ||||
Allowance for credit/loan losses | (658) | ||||
Commercial Real Estate [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 167,878 | 231,785 | |||
Allowance for credit/loan losses | (2,236) | (2,760) | $ (2,550) | $ (2,838) | |
Commercial Real Estate [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 161,160 | ||||
Allowance for credit/loan losses | (2,219) | ||||
Commercial Real Estate [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 231,785 | ||||
Allowance for credit/loan losses | (2,760) | ||||
Commercial Real Estate [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | (70,625) | ||||
Allowance for credit/loan losses | 541 | ||||
Commercial Lessors of Buildings [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 81,917 | ||||
Allowance for credit/loan losses | (965) | ||||
Commercial Lessors of Buildings [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 83,728 | ||||
Allowance for credit/loan losses | (974) | ||||
Commercial Lessors of Buildings [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 83,728 | ||||
Allowance for credit/loan losses | (974) | ||||
Construction [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 43,498 | ||||
Allowance for credit/loan losses | (271) | (803) | |||
Construction [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 44,866 | ||||
Allowance for credit/loan losses | (288) | ||||
Construction [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 55,318 | ||||
Allowance for credit/loan losses | (803) | ||||
Construction [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | (10,452) | ||||
Allowance for credit/loan losses | 515 | ||||
Consumer Mortgage [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 157,316 | ||||
Allowance for credit/loan losses | (693) | (1,268) | |||
Consumer Mortgage [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 149,787 | ||||
Allowance for credit/loan losses | (688) | ||||
Consumer Mortgage [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 194,125 | ||||
Allowance for credit/loan losses | (1,268) | ||||
Consumer Mortgage [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | (44,338) | ||||
Allowance for credit/loan losses | 580 | ||||
Home Equity Line of Credit [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 43,323 | ||||
Allowance for credit/loan losses | (186) | ||||
Home Equity Line of Credit [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 44,243 | ||||
Allowance for credit/loan losses | (201) | ||||
Home Equity Line of Credit [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 44,243 | ||||
Allowance for credit/loan losses | (201) | ||||
Consumer Installment [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 9,951 | ||||
Allowance for credit/loan losses | (47) | (233) | |||
Consumer Installment [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 9,657 | ||||
Allowance for credit/loan losses | (50) | ||||
Consumer Installment [Member] | Pre-adoption [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 16,387 | ||||
Allowance for credit/loan losses | (233) | ||||
Consumer Installment [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | (6,730) | ||||
Allowance for credit/loan losses | 183 | ||||
Consumer Indirect [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 6,374 | ||||
Allowance for credit/loan losses | $ (88) | ||||
Consumer Indirect [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | 6,383 | ||||
Allowance for credit/loan losses | (91) | ||||
Consumer Indirect [Member] | Cumulative Effect of Adoption [Memnber] | Adoption Impact [Member] | ASU 2016-13 [Member] | |||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||
Total Loans | $ 6,383 | ||||
Allowance for credit/loan losses | $ (91) |
Securities - Summary of Securit
Securities - Summary of Securities Available-for-Sale and Restricted Stock (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | $ 162,578 | $ 164,705 |
Gross Unrealized Gains, Available-for-sale | 32 | 72 |
Gross Unrealized Losses, Available-for-sale | (13,341) | (14,708) |
Fair Value, Available-for-sale | 149,269 | 150,069 |
Amortized Cost, Held to maturity | 243,334 | 247,401 |
Gross Unrealized Gains, Held to maturity | 56 | 1 |
Gross Unrealized Losses, Held to maturity | (30,339) | (35,448) |
Fair Value, Held to maturity | 213,051 | 211,954 |
Amortized Cost | 407,857 | 415,721 |
Gross Unrealized Gains | 156 | 132 |
Gross Unrealized Losses | (43,680) | (50,156) |
Fair Value | 364,333 | 365,697 |
U.S. Treasury Securities [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 23,174 | 23,194 |
Gross Unrealized Losses, Available-for-sale | (746) | (969) |
Fair Value, Available-for-sale | 22,428 | 22,225 |
Amortized Cost, Held to maturity | 12,766 | 12,753 |
Gross Unrealized Losses, Held to maturity | (930) | (1,136) |
Fair Value, Held to maturity | 11,836 | 11,617 |
U.S. Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 13,999 | 13,999 |
Gross Unrealized Losses, Available-for-sale | (1,149) | (1,369) |
Fair Value, Available-for-sale | 12,850 | 12,630 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 75,653 | 77,677 |
Gross Unrealized Gains, Available-for-sale | 31 | 72 |
Gross Unrealized Losses, Available-for-sale | (7,789) | (8,859) |
Fair Value, Available-for-sale | 67,895 | 68,890 |
Amortized Cost, Held to maturity | 227,996 | 232,068 |
Gross Unrealized Gains, Held to maturity | 50 | |
Gross Unrealized Losses, Held to maturity | (29,228) | (34,051) |
Fair Value, Held to maturity | 198,818 | 198,017 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 606 | 633 |
Gross Unrealized Losses, Available-for-sale | (35) | (15) |
Fair Value, Available-for-sale | 571 | 618 |
State and Political Subdivisions [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 20,431 | 20,462 |
Gross Unrealized Gains, Available-for-sale | 1 | |
Gross Unrealized Losses, Available-for-sale | (660) | (985) |
Fair Value, Available-for-sale | 19,772 | 19,477 |
Amortized Cost, Held to maturity | 2,572 | 2,580 |
Gross Unrealized Gains, Held to maturity | 6 | 1 |
Gross Unrealized Losses, Held to maturity | (181) | (261) |
Fair Value, Held to maturity | 2,397 | 2,320 |
Corporate Bonds [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Available-for-sale | 28,715 | 28,740 |
Gross Unrealized Losses, Available-for-sale | (2,962) | (2,511) |
Fair Value, Available-for-sale | 25,753 | 26,229 |
Equity Securities [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost, Equity securities | 185 | 185 |
Gross Unrealized Gains, Equity securities | 68 | 59 |
Fair Value, Equity securities | 253 | 244 |
Restricted Stock [Member] | ||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||
Amortized Cost | 1,760 | 3,430 |
Fair Value | $ 1,760 | $ 3,430 |
Securities - Summary of Amortiz
Securities - Summary of Amortized Cost and Fair Value of Debt Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Available-for-sale | ||
Due in one year or less, Amortized Cost | $ 7,956 | |
Due after one through five years, Amortized Cost | 62,410 | |
Due after five through ten years, Amortized Cost | 24,650 | |
Due after ten years, Amortized Cost | 67,562 | |
Amortized Cost, Available-for-sale | 162,578 | $ 164,705 |
Due in one year or less, Fair Value | 7,798 | |
Due after one through five years, Fair Value | 58,490 | |
Due after five through ten years, Fair Value | 22,777 | |
Due after ten years, Fair Value | 60,204 | |
Total debt securities available-for-sale, Fair Value | 149,269 | 150,069 |
Held-to-maturity | ||
Due in one year or less, Amortized Cost | 2,498 | |
Due after one through five years, Amortized cost | 7,419 | |
Due after five through ten years, Amortized Cost | 4,748 | |
Due after ten years, Amortized Cost | 228,669 | |
Amortized Cost, Held to maturity | 243,334 | 247,401 |
Due in one year or less, Fair Value | 2,446 | |
Due after one through five years, Fair Value | 6,907 | |
Due after five through ten years, Fair Value | 4,260 | |
Due after ten years, Fair Value | 199,438 | |
Total debt securities held-to-maturity, Fair Value | $ 213,051 | $ 211,954 |
Securities - Additional Informa
Securities - Additional Information (Detail) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 USD ($) Security $ / shares | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) Security | |
Investments Debt And Equity Securities [Abstract] | |||
Fair value of pledged securities | $ 135,000,000 | $ 110,100,000 | |
Restricted stock investment in FHLB stock | 1,300,000 | 2,900,000 | |
Federal Home Loan Bank redemption of stock | $ 1,600,000 | ||
Federal Home Loan Bank redemption par value per share | $ / shares | $ 100 | ||
Federal Reserve Bank stock | $ 471,000 | $ 471,000 | |
Proceeds from sale of available-for-sale securities | $ 0 | $ 0 | |
Number of securities in an unrealized loss position, Total | Security | 190 | 200 | |
Number of securities in continuous unrealized loss position, 12 months or more | Security | 158 | 90 | |
Held to maturity security, allowance for credit loss | $ 0 |
Securities - Summary of Gross U
Securities - Summary of Gross Unrealized Losses and Fair Value of Available for Sale Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule of Available-for-sale Securities [Line Items] | ||
Held-to-maturity, Gross Unrealized Losses, Total | $ (30,339) | $ (35,448) |
Gross Unrealized Losses, Less Than 12 Months | (855) | (12,931) |
Fair Value, Less Than 12 Months | 31,552 | 135,499 |
Gross Unrealized Losses, 12 Months Or More | (42,825) | (37,225) |
Fair Value, 12 Months Or More | 311,310 | 217,374 |
Gross Unrealized Losses, Total | (43,680) | (50,156) |
Fair Value, Total | 342,862 | 352,873 |
U.S. Treasury Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Gross Unrealized Losses, Less Than 12 Months | (152) | (798) |
Available-for-sale, Fair Value, Less Than 12 Months | 7,815 | 17,405 |
Available-for-sale, Gross Unrealized Losses, 12 Months or More | (594) | (171) |
Available-for-sale, Fair Value, 12 Months or More | 14,613 | 4,820 |
Available-for-sale, Gross Unrealized Losses, Total | (746) | (969) |
Available-for-sale, Fair Value, Total | 22,428 | 22,225 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | (930) | (1,136) |
Held-to-maturity, Fair Value, 12 Months Or More | 11,836 | 11,617 |
Held-to-maturity, Gross Unrealized Losses, Total | (930) | (1,136) |
Held-to-maturity, Fair Value, Total | 11,836 | 11,617 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Gross Unrealized Losses, 12 Months or More | (1,149) | (1,369) |
Available-for-sale, Fair Value, 12 Months or More | 12,850 | 12,630 |
Available-for-sale, Gross Unrealized Losses, Total | (1,149) | (1,369) |
Available-for-sale, Fair Value, Total | 12,850 | 12,630 |
Asset-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Gross Unrealized Losses, 12 Months or More | (35) | (15) |
Available-for-sale, Fair Value, 12 Months or More | 571 | 618 |
Available-for-sale, Gross Unrealized Losses, Total | (35) | (15) |
Available-for-sale, Fair Value, Total | 571 | 618 |
Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Gross Unrealized Losses, Less Than 12 Months | (459) | (1,165) |
Available-for-sale, Fair Value, Less Than 12 Months | 6,086 | 13,502 |
Available-for-sale, Gross Unrealized Losses, 12 Months or More | (2,503) | (1,346) |
Available-for-sale, Fair Value, 12 Months or More | 19,667 | 12,727 |
Available-for-sale, Gross Unrealized Losses, Total | (2,962) | (2,511) |
Available-for-sale, Fair Value, Total | 25,753 | 26,229 |
State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Gross Unrealized Losses, Less Than 12 Months | (37) | (189) |
Available-for-sale, Fair Value, Less Than 12 Months | 5,411 | 9,079 |
Available-for-sale, Gross Unrealized Losses, 12 Months or More | (623) | (796) |
Available-for-sale, Fair Value, 12 Months or More | 12,415 | 9,848 |
Available-for-sale, Gross Unrealized Losses, Total | (660) | (985) |
Available-for-sale, Fair Value, Total | 17,826 | 18,927 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | (181) | (261) |
Held-to-maturity, Fair Value, 12 Months Or More | 1,977 | 1,903 |
Held-to-maturity, Gross Unrealized Losses, Total | (181) | (261) |
Held-to-maturity, Fair Value, Total | 1,977 | 1,903 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale, Gross Unrealized Losses, Less Than 12 Months | (35) | (1,046) |
Available-for-sale, Fair Value, Less Than 12 Months | 4,870 | 16,188 |
Available-for-sale, Gross Unrealized Losses, 12 Months or More | (7,754) | (7,813) |
Available-for-sale, Fair Value, 12 Months or More | 54,883 | 44,519 |
Available-for-sale, Gross Unrealized Losses, Total | (7,789) | (8,859) |
Available-for-sale, Fair Value, Total | 59,753 | 60,707 |
Held-to-maturity, Gross Unrealized Losses, Less Than 12 Months | (172) | (9,733) |
Held-to-maturity, Fair Value, Less Than 12 Months | 7,370 | 79,325 |
Held-to-maturity, Gross Unrealized Losses, 12 Months Or More | (29,056) | (24,318) |
Held-to-maturity, Fair Value, 12 Months Or More | 182,498 | 118,692 |
Held-to-maturity, Gross Unrealized Losses, Total | (29,228) | (34,051) |
Held-to-maturity, Fair Value, Total | $ 189,868 | $ 198,017 |
Securities - Summary of Amort_2
Securities - Summary of Amortized Cost of Held-to Maturity Debt Securities Aggregated by Credit Quality Indicator (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | $ 243,334 | $ 247,401 |
U.S. Treasury Securities [Member] | ||
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | 12,766 | 12,753 |
U.S. Treasury Securities [Member] | AAA / AA / A [Member] | ||
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | 12,766 | |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | 227,996 | 232,068 |
Mortgage-Backed Securities of Government Agencies [Member] | AAA / AA / A [Member] | ||
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | 227,996 | |
State and Political Subdivisions [Member] | ||
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | 2,572 | $ 2,580 |
State and Political Subdivisions [Member] | AAA / AA / A [Member] | ||
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Line Items] | ||
Amortized Cost, Held to maturity | $ 2,572 |
Loans - Summary of Loans (Detai
Loans - Summary of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | $ 647,626 | $ 626,958 | ||
Allowance for credit/loan losses | (6,307) | (6,838) | $ (7,305) | $ (7,618) |
Deferred loan costs, net | 147 | 213 | ||
Net Total Loans | 641,466 | 620,333 | ||
Commercial [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 129,343 | |||
Allowance for credit/loan losses | (1,169) | (1,240) | ||
Commercial and Industrial [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 137,369 | |||
Allowance for credit/loan losses | (1,821) | (1,110) | ||
Commercial Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 167,878 | 231,785 | ||
Allowance for credit/loan losses | (2,236) | (2,760) | (2,550) | (2,838) |
Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 194,125 | |||
Allowance for credit/loan losses | (1,039) | (992) | ||
Commercial Lessors of Buildings [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 81,917 | |||
Allowance for credit/loan losses | (965) | |||
Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 43,498 | |||
Allowance for credit/loan losses | (271) | (803) | ||
Consumer Mortgage [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 157,316 | |||
Allowance for credit/loan losses | (693) | (1,268) | ||
Home Equity Line of Credit [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 43,323 | |||
Allowance for credit/loan losses | (186) | |||
Consumer Installment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 9,951 | |||
Allowance for credit/loan losses | (47) | (233) | ||
Consumer Indirect [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 6,374 | |||
Allowance for credit/loan losses | $ (88) | |||
Construction & Land Development [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 55,318 | |||
Allowance for credit/loan losses | (1,534) | (1,380) | ||
Consumer [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | $ 16,387 | |||
Allowance for credit/loan losses | $ (382) | $ (421) |
Loans - Additional Information
Loans - Additional Information (Detail) | 3 Months Ended | ||
Mar. 31, 2023 USD ($) Industry | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans serviced for others | $ 135,000,000 | $ 137,500,000 | |
Interest and fee income on loans | 7,969,000 | $ 5,777,000 | |
Total Loans | 647,626,000 | 626,958,000 | |
Assisted living facilities loans | 641,466,000 | $ 620,333,000 | |
Outstanding balance of commercial loans classified under credit risk, minimum amount | $ 500,000 | ||
Credit Concentration Risk [Member] | Loans Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Number of industries for credit concentrations | Industry | 2 | ||
Credit Concentration Risk [Member] | Loans Receivable [Member] | Lessors of Non-residential Buildings [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | $ 600,000 | ||
Concentration of credit percentage of total loans | 11% | ||
Credit Concentration Risk [Member] | Loans Receivable [Member] | Assisted Living Facilities for Elderly [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | $ 25,300,000 | ||
Concentration of credit percentage of total loans | 4% |
Loans - Schedule of Allowance f
Loans - Schedule of Allowance for Credit Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | $ 6,838 | $ 7,618 |
Provisions (Reductions) | 32 | (300) |
Charge-offs | (39) | (31) |
Recoveries | 35 | 18 |
Net (charge-offs) recoveries | (13) | |
Ending Balance | 6,307 | 7,305 |
Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | (559) | |
Commercial and Industrial [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 1,110 | |
Provisions (Reductions) | 43 | |
Recoveries | 10 | |
Ending Balance | 1,821 | |
Commercial and Industrial [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 658 | |
Commercial [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 1,240 | |
Provisions (Reductions) | (65) | |
Charge-offs | (10) | |
Recoveries | 4 | |
Net (charge-offs) recoveries | (6) | |
Ending Balance | 1,169 | |
Commercial Real Estate [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 2,760 | 2,838 |
Provisions (Reductions) | 16 | (288) |
Recoveries | 1 | |
Ending Balance | 2,236 | 2,550 |
Commercial Real Estate [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | (541) | |
Residential Real Estate [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 992 | |
Provisions (Reductions) | 46 | |
Recoveries | 1 | |
Net (charge-offs) recoveries | 1 | |
Ending Balance | 1,039 | |
Construction & Land Development [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 1,380 | |
Provisions (Reductions) | 154 | |
Ending Balance | 1,534 | |
Consumer [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 421 | |
Provisions (Reductions) | (31) | |
Charge-offs | (21) | |
Recoveries | 13 | |
Net (charge-offs) recoveries | (8) | |
Ending Balance | 382 | |
Commercial Lessors of Buildings [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Provisions (Reductions) | (9) | |
Ending Balance | 965 | |
Commercial Lessors of Buildings [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 974 | |
Construction [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 803 | |
Provisions (Reductions) | (17) | |
Ending Balance | 271 | |
Construction [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | (515) | |
Consumer Mortgage [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 1,268 | |
Provisions (Reductions) | 5 | |
Ending Balance | 693 | |
Consumer Mortgage [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | (580) | |
Home Equity Line of Credit [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Provisions (Reductions) | (15) | |
Ending Balance | 186 | |
Home Equity Line of Credit [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 201 | |
Consumer Installment [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 233 | |
Provisions (Reductions) | 5 | |
Charge-offs | (8) | |
Ending Balance | 47 | |
Consumer Installment [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | (183) | |
Consumer Indirect [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Provisions (Reductions) | 4 | |
Charge-offs | (31) | |
Recoveries | 24 | |
Ending Balance | 88 | |
Consumer Indirect [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 91 | |
Unallocated [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | 664 | 747 |
Provisions (Reductions) | (116) | |
Ending Balance | $ 631 | |
Unallocated [Member] | Impact of Adopting ASC 326 [Member] | ||
Financing Receivable Allowance For Credit Losses [Line Items] | ||
Beginning Balance | $ (664) |
Loans - Schedule of Aging of Pa
Loans - Schedule of Aging of Past Due of Accruing and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | $ 647,626 | $ 626,958 |
Non-accrual | 218 | 256 |
Total past due and non-accrual | 824 | |
Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 646,975 | 626,134 |
30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 300 | |
30-60 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 564 | |
60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 268 | |
61 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 87 | |
Total Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 651 | |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 137,369 | |
Non-accrual | 2 | |
Commercial and Industrial [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 137,318 | |
Commercial and Industrial [Member] | 30-60 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 51 | |
Commercial and Industrial [Member] | Total Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 51 | |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 129,343 | |
Total past due and non-accrual | 73 | |
Commercial [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 129,270 | |
Commercial [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 70 | |
Commercial [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 3 | |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 167,878 | 231,785 |
Non-accrual | 87 | 92 |
Total past due and non-accrual | 92 | |
Commercial Real Estate [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 167,878 | 231,693 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 194,125 | |
Non-accrual | 99 | |
Total past due and non-accrual | 331 | |
Residential Real Estate [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 193,794 | |
Residential Real Estate [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 95 | |
Residential Real Estate [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 137 | |
Construction & Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 55,318 | |
Total past due and non-accrual | 32 | |
Construction & Land Development [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 55,286 | |
Construction & Land Development [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 32 | |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 16,387 | |
Non-accrual | 65 | |
Total past due and non-accrual | 296 | |
Consumer [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 16,091 | |
Consumer [Member] | 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 103 | |
Consumer [Member] | 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | $ 128 | |
Commercial Lessors of Buildings [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 81,917 | |
Commercial Lessors of Buildings [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 81,917 | |
Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 43,498 | |
Construction [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 43,467 | |
Construction [Member] | 30-60 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 31 | |
Construction [Member] | Total Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 31 | |
Consumer Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 157,316 | |
Non-accrual | 73 | |
Consumer Mortgage [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 157,079 | |
Consumer Mortgage [Member] | 30-60 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 237 | |
Consumer Mortgage [Member] | Total Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 237 | |
Home Equity Line of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 43,323 | |
Home Equity Line of Credit [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 43,074 | |
Home Equity Line of Credit [Member] | 30-60 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 162 | |
Home Equity Line of Credit [Member] | 61 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 87 | |
Home Equity Line of Credit [Member] | Total Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 249 | |
Consumer Installment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 9,951 | |
Non-accrual | 56 | |
Consumer Installment [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 9,868 | |
Consumer Installment [Member] | 30-60 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 83 | |
Consumer Installment [Member] | Total Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 83 | |
Consumer Indirect [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 6,374 | |
Consumer Indirect [Member] | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | $ 6,374 |
Loans - Schedule of Amortized C
Loans - Schedule of Amortized Cost Basis Of Loans On Nonaccrual Status And Loans Past Due Over 90 Days Still Accruing Interest (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual with no ACL | $ 218 | |
Total Nonaccrual | 218 | $ 256 |
Total Nonperforming | 218 | |
Commercial and Industrial [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual with no ACL | 2 | |
Total Nonaccrual | 2 | |
Total Nonperforming | 2 | |
Commercial Real Estate [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual with no ACL | 87 | |
Total Nonaccrual | 87 | $ 92 |
Total Nonperforming | 87 | |
Consumer Mortgage [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual with no ACL | 73 | |
Total Nonaccrual | 73 | |
Total Nonperforming | 73 | |
Consumer Installment [Member] | ||
Financing Receivable, Nonaccrual [Line Items] | ||
Nonaccrual with no ACL | 56 | |
Total Nonaccrual | 56 | |
Total Nonperforming | $ 56 |
Loans - Schedule of the Credit
Loans - Schedule of the Credit Quality Indicators Recorded Investment in Non-homogeneous Loans by Internal Risk Rating System (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 647,626 | $ 626,958 |
Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 17,180 | |
2022 | 115,541 | |
2021 | 97,638 | |
2020 | 33,045 | |
2019 | 41,982 | |
Prior | 63,494 | |
Revolving Loans Amortized Cost Basis | 54,048 | |
Total | 422,928 | |
Pass [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 17,180 | |
2022 | 115,022 | |
2021 | 96,198 | |
2020 | 30,814 | |
2019 | 34,847 | |
Prior | 58,395 | |
Revolving Loans Amortized Cost Basis | 46,900 | |
Total | 399,356 | |
Special Mention [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2022 | 21 | |
2020 | 409 | |
2019 | 6,652 | |
Revolving Loans Amortized Cost Basis | 244 | |
Total | 7,326 | |
Substandard [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2022 | 498 | |
2021 | 1,440 | |
2020 | 1,822 | |
2019 | 483 | |
Prior | 5,099 | |
Revolving Loans Amortized Cost Basis | 6,904 | |
Total | 16,246 | |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 137,369 | |
Commercial and Industrial [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 6,532 | |
2022 | 34,374 | |
2021 | 17,623 | |
2020 | 8,550 | |
2019 | 5,639 | |
Prior | 11,711 | |
Revolving Loans Amortized Cost Basis | 52,940 | |
Total | 137,369 | |
Commercial and Industrial [Member] | Pass [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 6,532 | |
2022 | 33,855 | |
2021 | 17,116 | |
2020 | 7,745 | |
2019 | 5,613 | |
Prior | 11,097 | |
Revolving Loans Amortized Cost Basis | 45,792 | |
Total | 127,750 | |
Commercial and Industrial [Member] | Special Mention [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2022 | 21 | |
2019 | 22 | |
Revolving Loans Amortized Cost Basis | 244 | |
Total | 287 | |
Commercial and Industrial [Member] | Substandard [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2022 | 498 | |
2021 | 507 | |
2020 | 805 | |
2019 | 4 | |
Prior | 614 | |
Revolving Loans Amortized Cost Basis | 6,904 | |
Total | 9,332 | |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 167,878 | $ 231,785 |
Commercial Real Estate [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 8,059 | |
2022 | 27,184 | |
2021 | 48,990 | |
2020 | 14,776 | |
2019 | 27,823 | |
Prior | 40,602 | |
Revolving Loans Amortized Cost Basis | 444 | |
Total | 167,878 | |
Commercial Real Estate [Member] | Pass [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 8,059 | |
2022 | 27,184 | |
2021 | 48,057 | |
2020 | 13,725 | |
2019 | 20,714 | |
Prior | 36,117 | |
Revolving Loans Amortized Cost Basis | 444 | |
Total | 154,300 | |
Commercial Real Estate [Member] | Special Mention [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2020 | 409 | |
2019 | 6,630 | |
Total | 7,039 | |
Commercial Real Estate [Member] | Substandard [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2021 | 933 | |
2020 | 642 | |
2019 | 479 | |
Prior | 4,485 | |
Total | 6,539 | |
Commercial Lessors of Buildings [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 81,917 | |
Commercial Lessors of Buildings [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 483 | |
2022 | 26,745 | |
2021 | 26,775 | |
2020 | 8,758 | |
2019 | 8,117 | |
Prior | 10,856 | |
Revolving Loans Amortized Cost Basis | 183 | |
Total | 81,917 | |
Commercial Lessors of Buildings [Member] | Pass [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 483 | |
2022 | 26,745 | |
2021 | 26,775 | |
2020 | 8,383 | |
2019 | 8,117 | |
Prior | 10,856 | |
Revolving Loans Amortized Cost Basis | 183 | |
Total | 81,542 | |
Commercial Lessors of Buildings [Member] | Substandard [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2020 | 375 | |
Total | 375 | |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 43,498 | |
Construction [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 2,106 | |
2022 | 27,238 | |
2021 | 4,250 | |
2020 | 961 | |
2019 | 403 | |
Prior | 325 | |
Revolving Loans Amortized Cost Basis | 481 | |
Total | 35,764 | |
Construction [Member] | Pass [Member] | Non-Homogeneous Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 | 2,106 | |
2022 | 27,238 | |
2021 | 4,250 | |
2020 | 961 | |
2019 | 403 | |
Prior | 325 | |
Revolving Loans Amortized Cost Basis | 481 | |
Total | $ 35,764 |
Loans - Summary of Loans by Cre
Loans - Summary of Loans by Credit Quality Indicator (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | $ 416,446 |
Pass [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 380,407 |
Special Mention [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 7,422 |
Substandard [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 16,279 |
Not Rated [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 12,338 |
Commercial [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 129,343 |
Commercial [Member] | Pass [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 119,353 |
Commercial [Member] | Special Mention [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 282 |
Commercial [Member] | Substandard [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 7,927 |
Commercial [Member] | Not Rated [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 1,781 |
Commercial Real Estate [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 231,785 |
Commercial Real Estate [Member] | Pass [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 220,414 |
Commercial Real Estate [Member] | Special Mention [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 485 |
Commercial Real Estate [Member] | Substandard [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 8,352 |
Commercial Real Estate [Member] | Not Rated [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 2,534 |
Construction & Land Development [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 55,318 |
Construction & Land Development [Member] | Pass [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 40,640 |
Construction & Land Development [Member] | Special Mention [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | 6,655 |
Construction & Land Development [Member] | Not Rated [Member] | |
Financing Receivable, Recorded Investment [Line Items] | |
Total Loans | $ 8,023 |
Loans - Schedule of the Credi_2
Loans - Schedule of the Credit Quality Indicators Amortized Cost in Residential Consumer Loans Based on Payment Activity (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable Recorded Investment [Line Items] | ||
Total | $ 647,626 | $ 626,958 |
Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 8,511 | |
2022 | 38,093 | |
2021 | 42,132 | |
2020 | 36,902 | |
2019 | 10,860 | |
Prior | 37,080 | |
Revolving Loans Amortized Cost Basis | 43,332 | |
Revolving Loans Converted to Term | 54 | |
Total | 216,964 | |
Performing [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 8,511 | |
2022 | 38,093 | |
2021 | 42,125 | |
2020 | 36,902 | |
2019 | 10,860 | |
Prior | 36,958 | |
Revolving Loans Amortized Cost Basis | 43,332 | |
Revolving Loans Converted to Term | 54 | |
Total | 216,835 | |
Nonperforming Financial Instruments [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2021 | 7 | |
Prior | 122 | |
Total | 129 | |
Consumer Mortgage [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total | 157,316 | |
Consumer Mortgage [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 6,702 | |
2022 | 31,912 | |
2021 | 39,547 | |
2020 | 35,326 | |
2019 | 9,748 | |
Prior | 34,081 | |
Total | 157,316 | |
Consumer Mortgage [Member] | Performing [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 6,702 | |
2022 | 31,912 | |
2021 | 39,547 | |
2020 | 35,326 | |
2019 | 9,748 | |
Prior | 34,008 | |
Total | 157,243 | |
Consumer Mortgage [Member] | Nonperforming Financial Instruments [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Prior | 73 | |
Total | 73 | |
Construction [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total | 43,498 | |
Construction [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 614 | |
2022 | 5,257 | |
2021 | 282 | |
2020 | 1,320 | |
2019 | 126 | |
Prior | 135 | |
Total | 7,734 | |
Construction [Member] | Performing [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 614 | |
2022 | 5,257 | |
2021 | 282 | |
2020 | 1,320 | |
2019 | 126 | |
Prior | 135 | |
Total | 7,734 | |
Home Equity Line of Credit [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total | 43,323 | |
Home Equity Line of Credit [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Revolving Loans Amortized Cost Basis | 43,269 | |
Revolving Loans Converted to Term | 54 | |
Total | 43,323 | |
Home Equity Line of Credit [Member] | Performing [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Revolving Loans Amortized Cost Basis | 43,269 | |
Revolving Loans Converted to Term | 54 | |
Total | 43,323 | |
Consumer Installment [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total | 9,951 | |
Consumer Installment [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 1,632 | |
2022 | 4,859 | |
2021 | 1,812 | |
2020 | 929 | |
2019 | 353 | |
Prior | 303 | |
2022 Current period gross charge-offs | 3 | |
2021 Current period gross charge-offs | 1 | |
2020 Current period gross charge-offs | 2 | |
2019 Current period gross charge-offs | 33 | |
Total Current period gross charge-offs | 39 | |
Revolving Loans Amortized Cost Basis | 63 | |
Total | 9,951 | |
Consumer Installment [Member] | Performing [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 1,632 | |
2022 | 4,859 | |
2021 | 1,812 | |
2020 | 929 | |
2019 | 353 | |
Prior | 303 | |
Revolving Loans Amortized Cost Basis | 63 | |
Total | 9,951 | |
Consumer Indirect [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
Total | 6,374 | |
Consumer Indirect [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 177 | |
2022 | 1,322 | |
2021 | 773 | |
2020 | 647 | |
2019 | 759 | |
Prior | 2,696 | |
Prior Current period gross charge-offs | 31 | |
Total Current period gross charge-offs | 31 | |
Total | 6,374 | |
Consumer Indirect [Member] | Performing [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2023 | 177 | |
2022 | 1,322 | |
2021 | 766 | |
2020 | 647 | |
2019 | 759 | |
Prior | 2,647 | |
Total | 6,318 | |
Consumer Indirect [Member] | Nonperforming Financial Instruments [Member] | Residential Consumer Loans [Member] | ||
Financing Receivable Recorded Investment [Line Items] | ||
2021 | 7 | |
Prior | 49 | |
Total | $ 56 |
Loans - Allowances for Loan Los
Loans - Allowances for Loan Losses and Ending Balances by Portfolio Class and Based on Impairment Method (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses individually evaluated for impairment | $ 4 | |
Allowance for loan losses collectively evaluated for impairment | 6,834 | |
Total ending allowance balance | $ 6,307 | 6,838 |
Loans individually evaluated for impairment | 1,036 | |
Loans collectively evaluated for impairment | 625,922 | |
Total ending loans balance | 626,958 | |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses collectively evaluated for impairment | 1,110 | |
Total ending allowance balance | 1,110 | |
Loans individually evaluated for impairment | 123 | |
Loans collectively evaluated for impairment | 129,220 | |
Total ending loans balance | 129,343 | |
Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses collectively evaluated for impairment | 2,760 | |
Total ending allowance balance | 2,760 | |
Loans individually evaluated for impairment | 113 | |
Loans collectively evaluated for impairment | 231,672 | |
Total ending loans balance | 231,785 | |
Residential Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses collectively evaluated for impairment | 1,268 | |
Total ending allowance balance | 1,268 | |
Loans individually evaluated for impairment | 677 | |
Loans collectively evaluated for impairment | 193,448 | |
Total ending loans balance | 194,125 | |
Construction & Land Development [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses collectively evaluated for impairment | 803 | |
Total ending allowance balance | 803 | |
Loans collectively evaluated for impairment | 55,318 | |
Total ending loans balance | 55,318 | |
Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses individually evaluated for impairment | 4 | |
Allowance for loan losses collectively evaluated for impairment | 229 | |
Total ending allowance balance | 233 | |
Loans individually evaluated for impairment | 123 | |
Loans collectively evaluated for impairment | 16,264 | |
Total ending loans balance | 16,387 | |
Unallocated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Allowance for loan losses collectively evaluated for impairment | 664 | |
Total ending allowance balance | $ 664 |
Loans - Schedule of Impairment
Loans - Schedule of Impairment by Class of Loans (Detail) $ in Thousands | Dec. 31, 2022 USD ($) |
Financing Receivable, Impaired [Line Items] | |
Unpaid Principal Balance | $ 1,101 |
Recorded Investment with no Allowance | 387 |
Recorded Investment with Allowance | 659 |
Total recorded investment | 1,046 |
Related Allowance | 4 |
Commercial [Member] | |
Financing Receivable, Impaired [Line Items] | |
Unpaid Principal Balance | 123 |
Recorded Investment with no Allowance | 124 |
Total recorded investment | 124 |
Commercial Real Estate [Member] | |
Financing Receivable, Impaired [Line Items] | |
Unpaid Principal Balance | 117 |
Recorded Investment with no Allowance | 92 |
Recorded Investment with Allowance | 20 |
Total recorded investment | 112 |
Residential Real Estate [Member] | |
Financing Receivable, Impaired [Line Items] | |
Unpaid Principal Balance | 733 |
Recorded Investment with no Allowance | 166 |
Recorded Investment with Allowance | 518 |
Total recorded investment | 683 |
Consumer [Member] | |
Financing Receivable, Impaired [Line Items] | |
Unpaid Principal Balance | 127 |
Recorded Investment with no Allowance | 6 |
Recorded Investment with Allowance | 121 |
Total recorded investment | 127 |
Related Allowance | $ 4 |
Loans - Schedule of Average Rec
Loans - Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income Recognized (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Average recorded investment: | |
Average recorded investment in impaired loans | $ 1,799 |
Interest income recognized: | |
Interest income recognized on a cash basis on impaired loans | 13 |
Commercial [Member] | |
Average recorded investment: | |
Average recorded investment in impaired loans | 264 |
Interest income recognized: | |
Interest income recognized on a cash basis on impaired loans | 1 |
Commercial Real Estate [Member] | |
Average recorded investment: | |
Average recorded investment in impaired loans | 222 |
Interest income recognized: | |
Interest income recognized on a cash basis on impaired loans | 2 |
Residential Real Estate [Member] | |
Average recorded investment: | |
Average recorded investment in impaired loans | 849 |
Interest income recognized: | |
Interest income recognized on a cash basis on impaired loans | 8 |
Construction & Land Development [Member] | |
Average recorded investment: | |
Average recorded investment in impaired loans | 329 |
Consumer [Member] | |
Average recorded investment: | |
Average recorded investment in impaired loans | 135 |
Interest income recognized: | |
Interest income recognized on a cash basis on impaired loans | $ 2 |
Short-Term Borrowings - Summary
Short-Term Borrowings - Summary of Repurchase Agreements and Related Collateral Accounted for as Secured Borrowings (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Short Term Borrowings [Abstract] | ||
Securities of U.S. Government Agencies and mortgage-backed securities of government agencies pledged, fair value | $ 29,967 | $ 32,775 |
Repurchase agreements | $ 29,813 | $ 32,550 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Liabilities carried at fair value | $ 0 | $ 0 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||
Total Assets | $ 0 | $ 0 |
Fair Value Measurements - Sched
Fair Value Measurements - Schedule of Fair Value of Assets Measured on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | $ 149,269 | $ 150,069 |
Equity securities | 253 | 244 |
U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 22,428 | 22,225 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 12,850 | 12,630 |
Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 67,895 | 68,890 |
Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 571 | 618 |
State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 19,772 | 19,477 |
Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 25,753 | 26,229 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 149,269 | 150,069 |
Equity securities | 207 | 198 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 22,428 | 22,225 |
Fair Value, Measurements, Recurring [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 12,850 | 12,630 |
Fair Value, Measurements, Recurring [Member] | Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 67,895 | 68,890 |
Fair Value, Measurements, Recurring [Member] | Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 571 | 618 |
Fair Value, Measurements, Recurring [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 19,772 | 19,477 |
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 25,753 | 26,229 |
Fair Value, Measurements, Recurring [Member] | Level I [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 22,428 | 22,225 |
Equity securities | 207 | 198 |
Fair Value, Measurements, Recurring [Member] | Level I [Member] | U.S. Treasury Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 22,428 | 22,225 |
Fair Value, Measurements, Recurring [Member] | Level II [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 126,841 | 127,844 |
Fair Value, Measurements, Recurring [Member] | Level II [Member] | U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 12,850 | 12,630 |
Fair Value, Measurements, Recurring [Member] | Level II [Member] | Mortgage-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 67,895 | 68,890 |
Fair Value, Measurements, Recurring [Member] | Level II [Member] | Asset-Backed Securities of Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 571 | 618 |
Fair Value, Measurements, Recurring [Member] | Level II [Member] | State and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | 19,772 | 19,477 |
Fair Value, Measurements, Recurring [Member] | Level II [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total available-for-sale securities | $ 25,753 | $ 26,229 |
Fair Values of Financial Inst_3
Fair Values of Financial Instruments - Schedule of Estimated Fair Values of Recognized Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financial assets | ||
Securities held-to-maturity | $ 213,051 | $ 211,954 |
Loans held for sale | 52 | |
Carrying Value [Member] | ||
Financial assets | ||
Securities held-to-maturity | 243,334 | 247,401 |
Loans held for sale | 52 | |
Net loans | 641,466 | 620,333 |
Financial liabilities | ||
Deposits | 1,007,507 | 1,023,417 |
Other borrowings | 2,394 | 2,461 |
Carrying Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 606 | 621 |
Fair Value [Member] | ||
Financial assets | ||
Securities held-to-maturity | 213,051 | 211,954 |
Loans held for sale | 55 | |
Net loans | 622,852 | 600,720 |
Financial liabilities | ||
Deposits | 1,008,284 | 1,019,813 |
Other borrowings | 2,270 | 2,321 |
Fair Value [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | 606 | 621 |
Fair Value [Member] | Level I [Member] | ||
Financial assets | ||
Securities held-to-maturity | 11,836 | 11,617 |
Loans held for sale | 55 | |
Financial liabilities | ||
Deposits | 879,886 | 905,335 |
Fair Value [Member] | Level II [Member] | ||
Financial assets | ||
Securities held-to-maturity | 201,215 | 200,337 |
Fair Value [Member] | Level III [Member] | ||
Financial assets | ||
Net loans | 622,852 | 600,720 |
Financial liabilities | ||
Deposits | 128,398 | 114,478 |
Other borrowings | 2,270 | 2,321 |
Fair Value [Member] | Level III [Member] | Mortgage Servicing Rights [Member] | ||
Financial assets | ||
Mortgage servicing rights | $ 606 | $ 621 |
Fair Values of Financial Inst_4
Fair Values of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
Fair Value Disclosures [Abstract] | ||
Commitments to extend credit and letters of credit | $ 265 | $ 268 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Loss - Schedule of Changes in Accumulated Other Comprehensive Loss by Component Net of Tax (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Accumulated Other Comprehensive Loss [Line Items] | ||
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | $ 1,327 | $ (6,538) |
Beginning balance, After-tax | (12,919) | |
Other comprehensive income (loss) | 1,084 | (5,088) |
Ending Balance, After-tax | (11,835) | |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||
Accumulated Other Comprehensive Loss [Line Items] | ||
Beginning balance, Pretax | (16,354) | (2,691) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Pretax | 1,327 | (6,538) |
Amortization of held-to-maturity discount resulting from transfer, Pretax | 46 | 98 |
Total other comprehensive income (loss), Pretax | 1,373 | (6,440) |
Ending balance, Pretax | (14,981) | (9,131) |
Beginning balance, Tax Effect | 3,435 | 566 |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, Tax Effect | (279) | 1,373 |
Amortization of held-to-maturity discount resulting from transfer, Tax Effect | (10) | (21) |
Total other comprehensive income (loss), Tax Effect | (289) | 1,352 |
Ending Balance, Tax Effect | 3,146 | 1,918 |
Beginning balance, After-tax | (12,919) | (2,125) |
Unrealized holding gain (loss) on available-for-sale securities arising during the period, After-Tax | 1,048 | (5,165) |
Amortization of held-to-maturity discount resulting from transfer, After-tax | 36 | 77 |
Other comprehensive income (loss) | 1,084 | (5,088) |
Ending Balance, After-tax | $ (11,835) | $ (7,213) |