Penns Woods Bancorp (PWOD) 10-Q14 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2024	Aug. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	0-17077
Entity Registrant Name	PENNS WOODS BANCORP INC
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	300 Market Street, P.O. Box 967
Entity Tax Identification Number	23-2226454
Entity Address, City or Town	Williamsport
Entity Address, State or Province	PA
Postal Zip Code	17703-0967
City Area Code	570
Local Phone Number	322-1111
Title of 12(b) Security	Common stock, $5.55 par value
Trading Symbol	PWOD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Other Identification Type	Yes
Entity Filer Category	Non-accelerated Filer
Smaller Reporting Company	true
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		7,544,531
Entity Central Index Key	0000716605
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS:
Noninterest-bearing balances	$ 24,996	$ 28,969
Interest-bearing balances in other financial institutions	10,100	8,493
Total cash and cash equivalents	35,096	37,462
Investment debt securities, available for sale, at fair value	199,718	190,945
Investment equity securities, at fair value	1,105	1,122
Restricted investment in bank stock	22,781	24,323
Loans held for sale	4,444	3,993
Loans	1,866,288	1,839,764
Allowance for credit losses	(11,234)	(11,446)
Loans, net	1,855,054	1,828,318
Premises and equipment, net	28,966	30,250
Accrued interest receivable	11,281	11,044
Bank-owned life insurance	33,024	33,867
Investment in limited partnerships	7,240	7,815
Goodwill	16,450	16,450
Intangibles	158	210
Operating lease right-of-use asset	2,911	2,512
Deferred tax asset	4,433	4,655
Other assets	11,956	11,843
TOTAL ASSETS	2,234,617	2,204,809
LIABILITIES:
Interest-bearing deposits	1,187,001	1,118,320
Noninterest-bearing deposits	461,092	471,173
Total deposits	1,648,093	1,589,493
Short-term borrowings	106,407	145,926
Long-term borrowings	257,111	252,598
Accrued interest payable	5,474	3,814
Operating lease liability	2,983	2,570
Other liabilities	17,462	18,852
TOTAL LIABILITIES	2,037,530	2,013,253
SHAREHOLDERS’ EQUITY:
Preferred stock, no par value, 3,000,000 shares authorized; no shares issued	0	0
Common stock, par value $5.55, 22,500,000 shares authorized; 8,051,699 and 8,019,219 shares issued; 7,541,474 and 7,508,994 outstanding	44,730	44,550
Additional paid-in capital	62,608	61,733
Retained earnings	111,622	107,238
Accumulated other comprehensive loss:
Net unrealized loss on available for sale securities	(6,328)	(6,396)
Defined benefit plan	(2,730)	(2,754)
Treasury stock at cost, 510,225 shares	(12,815)	(12,815)
TOTAL SHAREHOLDERS' EQUITY	197,087	191,556
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,234,617	$ 2,204,809

CONSOLIDATED BALANCE SHEET_(Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 5.55	$ 5.55
Common stock, shares authorized (in shares)	22,500,000	22,500,000
Common stock, shares issued (in shares)	8,051,699	8,019,219
Common stock, shares outstanding (in shares)	7,541,474	7,508,994
Treasury stock (in shares)	510,225	510,225

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 24,529	$ 19,846	$ 48,389	$ 37,851
Investment securities:
Taxable	1,745	1,287	3,339	2,505
Tax-exempt	75	118	172	296
Dividend and other interest income	680	642	1,359	1,105
TOTAL INTEREST AND DIVIDEND INCOME	27,029	21,893	53,259	41,757
INTEREST EXPENSE:
Deposits	8,877	4,851	16,840	8,223
Short-term borrowings	1,087	2,232	3,092	3,672
Long-term borrowings	2,550	1,424	5,066	2,178
TOTAL INTEREST EXPENSE	12,514	8,507	24,998	14,073
NET INTEREST INCOME	14,515	13,386	28,261	27,684
RECOVERY FOR CREDIT LOSSES	(1,177)	(1,180)	(1,039)	(1,109)
NET INTEREST INCOME AFTER RECOVERY FOR CREDIT LOSSES	15,692	14,566	29,300	28,793
NON-INTEREST INCOME:
Net debt securities losses, available for sale	(12)	(19)	(35)	(80)
Net equity securities (losses) gains	(7)	(20)	(17)	1
Bank-owned life insurance	187	166	650	722
Gain on sale of loans	300	244	605	475
Other	124	222	446	401
TOTAL NON-INTEREST INCOME	2,025	2,022	4,487	4,279
NON-INTEREST EXPENSE:
Salaries and employee benefits	6,400	6,312	12,822	12,488
Occupancy	758	772	1,663	1,638
Furniture and equipment	766	790	1,705	1,636
Software amortization	222	173	412	356
Pennsylvania shares tax	351	279	671	527
Professional fees	572	906	1,124	1,594
Federal Deposit Insurance Corporation deposit insurance	421	452	780	697
Marketing	78	272	149	427
Intangible amortization	25	32	51	67
Loss on sale of premise and equipment	0	0	330	0
Other	1,403	1,441	2,912	2,897
TOTAL NON-INTEREST EXPENSE	10,996	11,429	22,619	22,327
INCOME BEFORE INCOME TAX PROVISION	6,721	5,159	11,168	10,745
INCOME TAX PROVISION	1,331	988	1,970	1,916
Net Income	$ 5,390	$ 4,171	$ 9,198	$ 8,829
Earnings per share - basic (in dollars per share)	$ 0.72	$ 0.59	$ 1.22	$ 1.25
Earnings per share - diluted (in dollars per share)	$ 0.72	$ 0.59	$ 1.22	$ 1.25
Weighted average shares outstanding - basic (in shares)	7,529,239	7,062,018	7,520,880	7,060,218
Weighted average shares outstanding - diluted (in shares)	7,529,239	7,062,018	7,520,880	7,060,218
Service charges
NON-INTEREST INCOME:
Revenue from contract with customer	$ 499	$ 516	$ 1,014	$ 1,012
Insurance commissions
NON-INTEREST INCOME:
Revenue from contract with customer	127	115	280	280
Brokerage commissions
NON-INTEREST INCOME:
Revenue from contract with customer	171	141	357	306
Loan broker commissions
NON-INTEREST INCOME:
Revenue from contract with customer	268	317	490	487
Debit card income
NON-INTEREST INCOME:
Revenue from contract with customer	$ 368	$ 340	$ 697	$ 675

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 5,390	$ 4,171	$ 9,198	$ 8,829
Other comprehensive income (loss):
Net unrealized gain (loss) on available for sale securities	110	(2,329)	51	4
Tax effect	(23)	489	(11)	(1)
Net realized loss on available for sale securities included in net income	12	19	35	80
Tax effect	(2)	(4)	(7)	(17)
Amortization of unrecognized pension loss	15	37	31	74
Tax effect	(4)	(7)	(7)	(15)
Total other comprehensive income (loss)	108	(1,795)	92	125
Comprehensive income	$ 5,498	$ 2,376	$ 9,290	$ 8,954

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	COMMON STOCK	ADDITIONAL PAID-IN CAPITAL	RETAINED EARNINGS	RETAINED EARNINGS Cumulative Effect, Period of Adoption, Adjustment	ACCUMULATED OTHER COMPREHENSIVE LOSS	TREASURY STOCK
Beginning balance (in shares) at Dec. 31, 2022			7,566,810
Beginning balance at Dec. 31, 2022	$ 167,665	$ 1,647	$ 42,039	$ 54,252	$ 98,147	$ 1,647	$ (13,958)	$ (12,815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	8,829				8,829
Other comprehensive loss	125						125
Stock-based compensation	486			486
Dividends declared	(4,519)				(4,519)
Common shares issued for employee stock purchase plan (in shares)			1,684
Common shares issued for employee stock purchase plan	39		$ 9	30
Common shares issued for director compensation plan (in shares)			5,219
Common shares issued for director compensation plan	130		$ 29	101
Ending balance (in shares) at Jun. 30, 2023			7,573,713
Ending balance at Jun. 30, 2023	174,402		$ 42,077	54,869	104,104		(13,833)	(12,815)
Beginning balance (in shares) at Mar. 31, 2023			7,570,086
Beginning balance at Mar. 31, 2023	173,970		$ 42,057	54,572	102,194		(12,038)	(12,815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	4,171				4,171
Other comprehensive loss	(1,795)						(1,795)
Stock-based compensation	233			233
Dividends declared	(2,261)				(2,261)
Common shares issued for employee stock purchase plan (in shares)			830
Common shares issued for employee stock purchase plan	18		$ 4	14
Common shares issued for director compensation plan (in shares)			2,797
Common shares issued for director compensation plan	66		$ 16	50
Ending balance (in shares) at Jun. 30, 2023			7,573,713
Ending balance at Jun. 30, 2023	174,402		$ 42,077	54,869	104,104		(13,833)	(12,815)
Beginning balance (in shares) at Dec. 31, 2023			8,019,219
Beginning balance at Dec. 31, 2023	191,556		$ 44,550	61,733	107,238		(9,150)	(12,815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	9,198				9,198
Other comprehensive loss	92						92
Stock-based compensation	427			427
Dividends declared	(4,814)				(4,814)
Common shares issued for employee stock purchase plan (in shares)			4,047
Common shares issued for employee stock purchase plan	76		$ 22	54
Common shares issued for director compensation plan (in shares)			6,457
Common shares issued for director compensation plan	125		$ 36	89
Dividend reinvestment plan (in shares)			21,976
Dividend reinvestment plan	427		$ 122	305
Ending balance (in shares) at Jun. 30, 2024			8,051,699
Ending balance at Jun. 30, 2024	197,087		$ 44,730	62,608	111,622		(9,058)	(12,815)
Beginning balance (in shares) at Mar. 31, 2024			8,035,597
Beginning balance at Mar. 31, 2024	193,517		$ 44,641	62,215	108,642		(9,166)	(12,815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	5,390				5,390
Other comprehensive loss	108						108
Stock-based compensation	154			154
Dividends declared	(2,410)				(2,410)
Common shares issued for employee stock purchase plan (in shares)			1,497
Common shares issued for employee stock purchase plan	26		$ 7	19
Common shares issued for director compensation plan (in shares)			3,569
Common shares issued for director compensation plan	63		$ 20	43
Dividend reinvestment plan (in shares)			11,036
Dividend reinvestment plan	239		$ 62	177
Ending balance (in shares) at Jun. 30, 2024			8,051,699
Ending balance at Jun. 30, 2024	$ 197,087		$ 44,730	$ 62,608	$ 111,622		$ (9,058)	$ (12,815)

CONSOLIDATED STATEMENT OF CHA_2

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.32	$ 0.32	$ 0.64	$ 0.64

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
OPERATING ACTIVITIES:
Net Income	$ 9,198	$ 8,829
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,993	1,608
Loss on sale of premises and equipment	384	0
Amortization of intangible assets	51	67
Recovery of credit losses	(1,039)	(1,109)
Stock based compensation	427	486
Accretion and amortization of investment security discounts and premiums	(9)	281
Net debt securities losses, available for sale	35	80
Originations of loans held for sale	(23,581)	(16,843)
Proceeds of loans held for sale	23,735	17,567
Gain on sale of loans	(605)	(475)
Net equity securities losses (gains)	17	(1)
Security trades payable	0	520
Earnings on bank-owned life insurance	(650)	(722)
Decrease in deferred tax asset	204	518
Other, net	(316)	4,199
Net cash provided by operating activities	9,844	15,005
INVESTING ACTIVITIES:
Proceeds from sales of available for sale securities	4,519	22,725
Proceeds from calls and maturities of available for sale securities	16,685	8,429
Purchases of available for sale securities	(29,917)	(24,384)
Net increase in loans	(25,925)	(133,213)
Acquisition of premises and equipment	(799)	(334)
Purchase of bank-owned life insurance	0	(6)
Proceeds from bank-owned life insurance death benefit	1,492	1,656
Proceeds from redemption of regulatory stock	21,973	18,783
Purchases of regulatory stock	(20,431)	(24,050)
Net cash used for investing activities	(32,403)	(130,394)
FINANCING ACTIVITIES:
Net increase in interest-bearing deposits	68,681	40,423
Net decrease in noninterest-bearing deposits	(10,081)	(43,126)
Proceeds from long-term borrowings	25,383	110,000
Repayment of long-term borrowings	(20,000)	(10,000)
Net (decrease) increase in short-term borrowings	(39,519)	27,061
Finance lease principal payments	(85)	(91)
Dividends paid	(4,814)	(4,519)
Issuance of common stock	628	169
Net cash provided by financing activities	20,193	119,917
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(2,366)	4,528
CASH AND CASH EQUIVALENTS, BEGINNING	37,462	40,333
CASH AND CASH EQUIVALENTS, ENDING	35,096	44,861
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	23,340	12,547
Income taxes paid	1,129	2,048
Non-cash investing and financing activities:
Finance right of use asset abandonment	658	0
Finance lease abandonment	$ 785	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of Penns Woods Bancorp, Inc. (the “Company”) and its wholly-owned subsidiaries: Woods Investment Company, Inc., Woods Real Estate Development Company, Inc., United Insurance Solutions, LLC., Luzerne Bank, and Jersey Shore State Bank (Jersey Shore State Bank and Luzerne Bank are referred to together as the “Banks”) and Jersey Shore State Bank’s wholly-owned subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group (“The M Group”). All significant inter-company balances and transactions have been eliminated in the consolidation. The interim financial statements are unaudited, but in the opinion of management reflect all adjustments necessary for the fair presentation of results for such periods. The results of operations for any interim period are not necessarily indicative of results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In reference to the attached financial statements, all adjustments are of a normal recurring nature pursuant to Rule 10-01(b) (8) of Regulation S-X.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
Accumulated Other Comprehensive Loss	Jun. 30, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component shown net of tax and parenthesis indicating debits, as of June 30, 2024 and 2023 were as follows: Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (In Thousands) Net Unrealized (Loss) Gain on Available Defined Total Net Unrealized (Loss) Gain on Available Defined Total Beginning balance $ (6,425) $ (2,741) $ (9,166) $ (7,928) $ (4,110) $ (12,038) Other comprehensive income (loss) before reclassifications 87 — 87 (1,840) — (1,840) Amounts reclassified from accumulated other comprehensive gain 10 11 21 15 30 45 Net current-period other comprehensive income (loss) 97 11 108 (1,825) 30 (1,795) Ending balance $ (6,328) $ (2,730) $ (9,058) $ (9,753) $ (4,080) $ (13,833) Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (In Thousands) Net Unrealized (Loss) Gain on Available Defined Total Net Unrealized Gain (Loss) on Available Defined Total Beginning balance $ (6,396) $ (2,754) $ (9,150) $ (9,819) $ (4,139) $ (13,958) Other comprehensive income before reclassifications 40 — 40 3 — 3 Amounts reclassified from accumulated other comprehensive gain 28 24 52 63 59 122 Net current-period other comprehensive income 68 24 92 66 59 125 Ending balance $ (6,328) $ (2,730) $ (9,058) $ (9,753) $ (4,080) $ (13,833) The reclassifications out of accumulated other comprehensive loss shown, net of tax and parenthesis indicating debits to net income, as of June 30, 2024 and 2023 were as follows: Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Net unrealized loss on available for sale securities $ (12) $ (19) Net debt securities losses, available for sale Income tax effect 2 4 Income tax provision Total reclassifications for the period $ (10) $ (15) Net unrecognized pension costs $ (15) $ (37) Other non-interest expense Income tax effect 4 7 Income tax provision Total reclassifications for the period $ (11) $ (30) Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Six months ended June 30, 2024 Six months ended June 30, 2023 Net unrealized losses on available for sale securities $ (35) $ (80) Net debt securities losses, available for sale Income tax effect 7 17 Income tax provision Total reclassifications for the period $ (28) $ (63) Net unrecognized pension costs $ (31) $ (74) Other non-interest expense Income tax effect 7 15 Income tax provision Total reclassifications for the period $ (24) $ (59)

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820) – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This amendment clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. It also introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted. The amendments will be applied prospectively, with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. This Update did not have a significant impact on the Company’s financial statements. In March 2023, the FASB issued ASU 2023-02, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. ASU 2023-02 permits reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. ASU 2023-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. This Update did not have a significant impact on the Company’s financial statements. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvement: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative , which incorporates several SEC disclosure requirements into US GAAP and adds interim and annual disclosure requirements to a variety of topics in the Accounting Standards Codification, including those focusing on accounting changes, earnings per share, debt and repurchase agreements. For entities subject to the SEC disclosure requirements and those “required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer,” the US GAAP requirements will be effective when the removal of the related SEC rule is effective. Early adoption is not permitted for these entities. For all other entities, the effective date will be two years later, and early adoption is permitted. That is, financial statements issued after the effective date of each amendment are required to include on a prospective basis the related disclosure incorporated into US GAAP by this ASU. However, if the SEC does not act to remove its related requirements by June 30, 2027, any related FASB amendments will be removed from the Codification and will not be effective for any entities. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Public entities are required to adopt the changes retrospectively, recasting each prior-period disclosure for which a comparative income statement is presented in the period of adoption. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2024, the FASB issued ASU 2024-01, Compensation – Stock Compensation (Topic 718) , amended the guidance in ASC 718 to add an example showing how to apply the scope guidance to determine whether profits interest and similar awards should be accounted for as share-based payment arrangements. For public business entities, the guidance is effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. For all other entities, it is effective for fiscal years beginning after December 15, 2025, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2024, the FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements

Per Share Data

Per Share Data	6 Months Ended
Per Share Data	Jun. 30, 2024
Earnings Per Share [Abstract]
Per Share Data	Per Share Data There are no convertible securities which would affect the denominator in calculating basic and dilutive earnings per share. There were a total of 1,095,500 stock options, with an average exercise price of $25.13, outstanding on June 30, 2024. These options were excluded, on a weighted average basis, in the computation of diluted earnings per share for the period due to the average market price of common shares of $19.68 for the period being less than the strike price. There were a total of 1,003,000 stock options, with an average exercise price of $25.56 that were excluded, on a weighted average basis, in the computation of diluted earnings per share for the period due to the average market price of common shares of $25.10 being less than the strike price for the period ending June 20, 2023. Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted average common shares issued 8,039,464 7,572,243 8,031,105 7,570,443 Weighted average treasury stock shares (510,225) (510,225) (510,225) (510,225) Weighted average common shares outstanding - basic and diluted 7,529,239 7,062,018 7,520,880 7,060,218

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost, gross unrealized gains and losses, and fair values of our investment securities portfolio at June 30, 2024 and December 31, 2023 are as follows: June 30, 2024 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): U.S. Government and agency securities $ 4,000 $ — $ (60) $ 3,940 Mortgage-backed securities 34,672 151 (383) 34,440 State and political securities 110,625 50 (5,341) 105,334 Other debt securities 58,431 208 (2,635) 56,004 Total debt securities $ 207,728 $ 409 $ (8,419) $ 199,718 Investment equity securities: Equity securities $ 1,300 $ — $ (195) $ 1,105 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): U.S. Government and agency securities $ 4,000 $ 3 $ (60) $ 3,943 Mortgage-backed securities 15,457 120 (222) 15,355 State and political securities 120,740 162 (5,287) 115,615 Other debt securities 58,844 97 (2,909) 56,032 Total debt securities $ 199,041 $ 382 $ (8,478) $ 190,945 Investment equity securities: Equity securities $ 1,300 $ — $ (178) $ 1,122 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time, that the individual debt securities have been in a continuous unrealized loss position, at June 30, 2024 and December 31, 2023. June 30, 2024 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): U.S. Government and agency securities $ 986 $ (14) $ 2,954 $ (46) $ 3,940 $ (60) Mortgage-backed securities 12,994 (109) 5,839 (274) 18,833 (383) State and political securities 5,168 (62) 90,110 (5,279) 95,278 (5,341) Other debt securities 7,605 (182) 35,886 (2,453) 43,491 (2,635) Total debt securities $ 26,753 $ (367) $ 134,789 $ (8,052) $ 161,542 $ (8,419) December 31, 2023 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): U.S. Government and agency securities $ — $ — $ 2,940 $ (60) $ 2,940 $ (60) Mortgage-backed securities 7,559 (78) 984 (144) 8,543 (222) State and political securities 6,051 (128) 99,405 (5,159) 105,456 (5,287) Other debt securities 12,976 (218) 35,449 (2,691) 48,425 (2,909) Total debt securities $ 26,586 $ (424) $ 138,778 $ (8,054) $ 165,364 $ (8,478) At June 30, 2024, there were a total of 31 securities in a continuous unrealized loss position for less than twelve months and 169 individual securities that were in a continuous unrealized loss position for twelve months or greater. No credit losses occurred for the period ended June 30, 2024. The Company reviews its position quarterly and has determined that, at June 30, 2024, the declines outlined in the above table represent temporary non-credit declines and the Company does not intend to sell, and does not believe it will be required to sell, these securities before recovery of their cost basis, which may be at maturity. The Company has concluded that the unrealized losses disclosed above are not credit-related but are the result of interest rate changes, sector credit ratings changes, or company-specific ratings changes that are not expected to result in the non-collection of principal and interest during the period. The amortized cost and fair value of debt securities at June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value Due in one year or less $ 29,331 $ 28,944 Due after one year to five years 72,399 68,872 Due after five years to ten years 84,496 80,593 Due after ten years 21,502 21,309 Total $ 207,728 $ 199,718 Total gross proceeds from sales of debt securities available for sale for the six months ended June 30, 2024 was $4,519,000, compared to $22,725,000 for the corresponding 2023 period. The following table represents gross realized gains and losses from the sales of debt securities available for sale: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2024 2023 2024 2023 Available for sale (AFS): Gross realized gains: State and political securities $ — $ 91 $ — $ 145 Gross realized losses: State and political securities $ (12) $ (110) $ (35) $ (225) Investment securities with a carrying value of approximately $110,129,000 and $107,800,000 at June 30, 2024 and December 31, 2023, respectively, were pledged to secure certain deposits, repurchase agreements, and for other purposes as required by law. At June 30, 2024 and December 31, 2023, we had $1,105,000 and $1,122,000, respectively, in equity securities recorded at fair value. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2024 2023 2024 2023 Net (losses) gains recognized in equity securities during the period $ (7) $ (20) $ (17) $ 1 Less: Net (loss) gain realized on the sale of equity securities during the period — — — — Unrealized (losses) gains recognized in equity securities held at reporting date $ (7) $ (20) $ (17) $ 1

Loans

Loans	6 Months Ended
Loans	Jun. 30, 2024
Loans and Leases Receivable Disclosure [Abstract]
Loans	Loans Management segments the Banks' loan portfolio to a level that enables risk and performance monitoring according to similar risk characteristics. Loans are segmented based on the underlying collateral characteristics. Categories include commercial, financial, and agricultural, real estate, and installment loans. Real estate loans are further segmented into three categories: residential, commercial, and construction, while installment loans are classified as either consumer automobile loans or other installment loans. The following table presents the related aging categories of loans, by class, as of June 30, 2024 and December 31, 2023: June 30, 2024 Past Due 30 To 89 Past Due 90 (In Thousands) Days Days Or More Current Total Commercial, financial, and agricultural $ 884 $ 16 $ 214,020 $ 214,920 Real estate mortgage: Residential 7,346 1,755 804,902 814,003 Commercial 2,084 1,608 533,550 537,242 Construction 14 — 43,445 43,459 Consumer automobile loans 2,876 406 242,379 245,661 Other consumer installment loans 159 22 9,884 10,065 $ 13,363 $ 3,807 $ 1,848,180 1,865,350 Net deferred loan fees and discounts 938 Allowance for credit losses (11,234) Loans, net $ 1,855,054 December 31, 2023 Past Due 30 To 89 Past Due 90 (In Thousands) Days Days Or More Current Total Commercial, financial, and agricultural $ 749 $ 587 $ 212,130 $ 213,466 Real estate mortgage: Residential 10,158 1,970 786,373 798,501 Commercial 1,466 273 529,862 531,601 Construction 812 — 39,577 40,389 Consumer automobile loans 2,748 307 241,343 244,398 Other consumer installment loans 620 11 9,730 10,361 $ 16,553 $ 3,148 $ 1,819,015 1,838,716 Net deferred loan fees and discounts 1,048 Allowance for loan losses (11,446) Loans, net $ 1,828,318 As of June 30, 2024 loans totaled $2,257,000 that were ninety days past due or greater and still accruing, compared to a total of $2,150,000 at December 31, 2023. The Allowance for Credit Losses ("ACL") related to loans consists of loans evaluated collectively and individually for expected credit losses. The ACL related to loans represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to net loans. The ACL for off balance sheet credit exposure includes estimated losses on unfunded loan commitments, letters of credit and other off balance sheet credit exposures and is recorded in other liabilities. The total ACL is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries. The following table presents the components of the ACL as of June 30, 2024 and December 31, 2023: June 30, December 31, (In Thousands) 2024 2023 ACL - loans $ 11,234 $ 11,446 ACL - off balance sheet credit exposure 554 1,342 Total ACL $ 11,788 $ 12,788 Non-Accrual Loans June 30, 2024 December 31, 2023 (In Thousands) With a Related ACL Without a Related ACL Total With a Related ACL Without a Related ACL Total Commercial, financial, and agricultural $ — $ 576 $ 576 $ — $ 504 $ 504 Real estate mortgage: Residential — 230 230 21 259 280 Commercial 2,126 1,595 3,721 — 214 214 Construction — — — — — — Consumer automobile — — — — — — Other consumer installment loans — — — — — — $ 2,126 $ 2,401 $ 4,527 $ 21 $ 977 $ 998 Total interest income recorded on non-accrual loans at June 30, 2024 totaled $49,000 for the three month period and $94,000 for the six month period ended. The following table presents outstanding loan balances of collateral-dependent loans by class as of June 30, 2024 and December 31, 2023: June 30, 2024 (In Thousands) Real estate Other Total Real estate mortgage: Residential $ 1,458 $ — $ 1,458 Commercial 3,592 — 3,592 Total $ 5,050 $ — $ 5,050 December 31, 2023 (In Thousands) Real estate Other Total Real estate mortgage: Residential $ 1,533 $ — $ 1,533 Commercial 88 — 88 Total $ 1,621 $ — $ 1,621 Loan Modifications On January 1, 2023, the Corporation adopted ASU 2022-02. Loan modifications to borrowers experiencing financial difficulty reported below do not include modifications with insignificant payment delays. ASU 2022-02 lists the following factors when considering if the loan modification has insignificant payment delays: (1) the amount of the restructured payments subject to the delay is insignificant relative to the unpaid principal or collateral value of the debt and will result in an insignificant shortfall in the contractual amount due, and (2) the delay in timing of the restructured payment period is insignificant relative to the frequency of payments due under the debt, the debt’s original contractual maturity or the debt’s original expected duration. The ACL incorporates an estimate of lifetime expected credit losses and is recorded upon asset origination or acquisition. The starting point for the estimate of the ACL is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Corporation uses a probability of default/loss given default model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Loans considered modifications amounted to $4,911,000 and $5,019,000 as of June 30, 2024 and December 31, 2023, respectively. The amount of foreclosed residential real estate held at June 30, 2024 and December 31, 2023, totaled $343,000 and $700,000, respectively. Consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process at June 30, 2024 and December 31, 2023, totaled $995,000 and $601,000, respectively. Internal Credit Ratings Management uses a ten point internal credit rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The special mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a substandard classification. Loans in the substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are evaluated for substandard classification. Loans in the doubtful category exhibit the same weaknesses found in the substandard loans; however, the weaknesses are more pronounced. Such loans are static and collection in full is improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the debt. Loans classified as loss are considered uncollectible and charge-off is imminent. To help ensure that credit ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Banks have a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the pass category unless a specific action, such as bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. An external semi-annual loan review of large commercial relationships is performed, as well as a sample of smaller transactions. The 2024 loan review will evaluate 55% of the Banks' average outstanding commercial portfolio which can consist of outstanding loans, commercial real estate mortgages and outstanding commitments. Detailed reviews, including plans for resolution, are performed on loans classified as substandard, doubtful, or loss on a quarterly basis. The following table presents the credit quality categories identified above as of June 30, 2024 and December 31, 2023: June 30, 2024 (In Thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial, financial, and agricultural Pass $ 14,839 $ 28,025 $ 46,756 $ 33,039 $ 31,134 $ 27,863 $ 30,931 $ 76 $ 212,663 Special Mention — — 146 28 17 — 74 — 265 Substandard or Lower — — — — — 714 564 714 1,992 $ 14,839 $ 28,025 $ 46,902 $ 33,067 $ 31,151 $ 28,577 $ 31,569 $ 790 $ 214,920 Current period gross write offs $ — $ 40 $ 62 $ — $ — $ 30 $ — $ — $ 132 Real estate mortgage: Residential Pass $ 52,377 $ 122,584 $ 129,368 $ 81,832 $ 48,294 $ 163,328 $ 59,894 $ 152,776 $ 810,453 Special Mention — 336 522 — — 93 — — 951 Substandard or Lower — — 312 269 — 1,959 — 59 2,599 $ 52,377 $ 122,920 $ 130,202 $ 82,101 $ 48,294 $ 165,380 $ 59,894 $ 152,835 $ 814,003 Current period gross write offs $ — $ — $ — $ — $ — $ 4 $ — $ — $ 4 Commercial Pass $ 18,838 $ 61,536 $ 107,082 $ 123,469 $ 47,095 $ 157,860 $ 11,126 $ 844 $ 527,850 Special Mention — 185 151 2,398 — 1,830 — — 4,564 Substandard or Lower — — — 880 — 3,948 — — 4,828 $ 18,838 $ 61,721 $ 107,233 $ 126,747 $ 47,095 $ 163,638 $ 11,126 $ 844 $ 537,242 Current period gross write offs $ — $ — $ — $ — $ — $ 2 $ — $ — $ 2 Construction Pass $ 7,135 $ 22,484 $ 6,278 $ 1,556 $ 1,234 $ 4,422 $ 266 $ — $ 43,375 Special Mention — — — — — — — — — Substandard or Lower — — — — — 84 — — 84 $ 7,135 $ 22,484 $ 6,278 $ 1,556 $ 1,234 $ 4,506 $ 266 $ — $ 43,459 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Automobile Pass $ 41,222 $ 106,267 $ 65,341 $ 15,246 $ 11,065 $ 6,520 $ — $ — $ 245,661 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 41,222 $ 106,267 $ 65,341 $ 15,246 $ 11,065 $ 6,520 $ — $ — $ 245,661 Current period gross write offs $ 4 $ 217 $ 133 $ 23 $ 42 $ 44 $ — $ — $ 463 Installment loans to individuals Pass $ 1,624 $ 2,325 $ 1,669 $ 966 $ 413 $ 3,034 $ — $ 34 $ 10,065 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 1,624 $ 2,325 $ 1,669 $ 966 $ 413 $ 3,034 $ — $ 34 $ 10,065 Current period gross write offs $ 50 $ 66 $ 18 $ 2 $ — $ 22 $ — $ — $ 158 December 31, 2023 (In Thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial, financial, and agricultural Pass $ 31,190 $ 49,615 $ 35,901 $ 31,980 $ 3,123 $ 29,502 $ 29,397 $ 101 $ 210,809 Special Mention — 183 37 19 — 138 223 — 600 Substandard or Lower — — — 85 — 742 487 743 2,057 $ 31,190 $ 49,798 $ 35,938 $ 32,084 $ 3,123 $ 30,382 $ 30,107 $ 844 $ 213,466 Current period gross write offs $ — $ 41 $ — $ — $ — $ — $ — $ — $ 41 Real estate mortgage: Residential Pass $ 135,939 $ 134,077 $ 88,844 $ 51,378 $ 33,914 $ 148,802 $ 56,519 $ 146,055 $ 795,528 Special Mention — 844 273 — — — — — 1,117 Substandard or Lower — — — — — 1,790 — 66 1,856 $ 135,939 $ 134,921 $ 89,117 $ 51,378 $ 33,914 $ 150,592 $ 56,519 $ 146,121 $ 798,501 Current period gross write offs $ — $ — $ — $ — $ — $ 9 $ 73 $ — $ 82 Commercial Pass $ 55,664 $ 107,638 $ 128,094 $ 49,603 $ 24,104 $ 144,377 $ 12,338 $ 821 $ 522,639 Special Mention — 153 2,990 — — 1,891 — — 5,034 Substandard or Lower — — — — 59 3,869 — — 3,928 $ 55,664 $ 107,791 $ 131,084 $ 49,603 $ 24,163 $ 150,137 $ 12,338 $ 821 $ 531,601 Current period gross write offs $ 59 $ — $ — $ — $ — $ 3 $ — $ — $ 62 Construction Pass $ 25,494 $ 6,837 $ 1,742 $ 1,302 $ 392 $ 4,272 $ 261 $ — $ 40,300 Special Mention — — — — — — — — — Substandard or Lower — — — — — 89 — — 89 $ 25,494 $ 6,837 $ 1,742 $ 1,302 $ 392 $ 4,361 $ 261 $ — $ 40,389 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Automobile Pass $ 119,922 $ 78,443 $ 19,567 $ 15,348 $ 7,305 $ 3,813 $ — $ — $ 244,398 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 119,922 $ 78,443 $ 19,567 $ 15,348 $ 7,305 $ 3,813 $ — $ — $ 244,398 Current period gross write offs $ 30 $ 320 $ 178 $ 113 $ 8 $ 17 $ — $ — $ 666 Installment loans to individuals Pass $ 2,952 $ 2,188 $ 1,177 $ 524 $ 407 $ 3,071 $ — $ 42 $ 10,361 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 2,952 $ 2,188 $ 1,177 $ 524 $ 407 $ 3,071 $ — $ 42 $ 10,361 Current period gross write offs $ 232 $ 47 $ 23 $ 8 $ 12 $ 34 $ 13 $ 11 $ 380 Allowance for Credit Losses Maintaining an appropriate Allowance for Credit Losses ("ACL") is dependent on various factors, including the ability to identify potential problem loans in a timely manner. For commercial construction, residential construction, commercial and industrial, and commercial real estate, an internal credit rating process is used. Management believes that internal credit ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal credit rating categories is a significant component of the ACL methodology for these loans, which bases the probability of default on this migration. Assigning credit ratings involves judgment. The Company's loan review process provide a separate assessment of credit rating accuracy. Credit ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff or if specific loan review assessments identify a deterioration or an improvement in the loans. Management considers the performance of the loan portfolio and its impact on the ACL. The Company does not assign internal Credit ratings to smaller balance, homogeneous loans, such as home equity, residential mortgage, and consumer automobile loans. For these loans, the most relevant credit quality indicator is delinquency status and management evaluates credit quality based on the aging status of the loan. Historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative factors. A historical charge-off factor is calculated utilizing the charge-off and recovery data over the past ten years. Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources are: national and local economic trends and conditions; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. Management reviews the loan portfolio on a quarterly basis in order to make appropriate and timely adjustments to the ACL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ACL. Activity in the allowance is presented for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 3,051 $ 719 $ 4,646 $ 9 $ 2,487 $ 630 $ — $ 11,542 Charge-offs (42) — (2) — (127) (63) — (234) Recoveries 507 26 — — 76 21 — 630 Provision (2,082) 83 759 2 497 37 — (704) Ending Balance $ 1,434 $ 828 $ 5,403 $ 11 $ 2,933 $ 625 $ — $ 11,234 Three Months Ended June 30, 2023 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 3,862 $ 1,412 $ 3,481 $ 184 $ 2,113 $ 682 $ — $ 11,734 Charge-offs — (3) (136) — (237) (79) — (455) Recoveries 856 1 22 — 27 21 — 927 Provision (1,699) (332) 824 (6) 543 56 — (614) Ending Balance $ 3,019 $ 1,078 $ 4,191 $ 178 $ 2,446 $ 680 $ — $ 11,592 t Six Months Ended June 30, 2024 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 3,379 $ 1,200 $ 3,352 $ 145 $ 2,668 $ 702 $ — $ 11,446 Charge-offs (132) (4) (2) — (463) (158) — (759) Recoveries 577 28 2 — 120 48 — 775 Provision (2,390) (396) 2,051 (134) 608 33 — (228) Ending Balance $ 1,434 $ 828 $ 5,403 $ 11 $ 2,933 $ 625 $ — $ 11,234 Six Months Ended June 30, 2023 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,914 $ 5,061 $ 6,110 $ 188 $ 1,617 $ 109 $ 638 $ 15,637 Impact of adopting ASC 326 2,656 (3,893) (2,660) (96) 240 602 (638) (3,789) Charge-offs — (81) (139) — (330) (167) — (717) Recoveries 961 3 25 — 39 38 — 1,066 Provision (2,512) (12) 855 86 880 98 — (605) Ending Balance $ 3,019 $ 1,078 $ 4,191 $ 178 $ 2,446 $ 680 $ — $ 11,592 The shift in allocation and the changes in the provision for credit losses are primarily due to changes in the credit metrics within the loan portfolio coupled with qualitative metric changes. The decrease in provision for consumer automobile loans was driven by the level of net charge-offs, portfolio fluctuations, and economic outlook. The provision for residential real estate fluctuated due to the level of charge-offs/recoveries, portfolio growth, and economic outlook. The level of provision for commercial, financial, and agricultural was primarily the result of net recoveries. The provision for commercial real estate increased for the six month period due to a loan relationship being moved to nonaccrual and being measured individually for impairment. The provision for real estate construction for the six month period decreased due to a decrease in historical loss rates over the ten year look back period. The Company grants commercial, industrial, residential, and installment loans to customers primarily throughout north-east and central Pennsylvania. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on the economic conditions within this region. The Company has a concentration of the following to gross loans at June 30, 2024 and 2023: June 30, 2024 2023 Owners of residential rental properties 18.38 % 18.79 % Owners of commercial rental properties 14.31 % 14.80 % Exposure to non-owner occupied office space at June 30, 2024 and December 31, 2023 was 15,501,000 and $19,783,000 and with none of these loans being delinquent.

Net Periodic Benefit Cost-Defin

Net Periodic Benefit Cost-Defined Benefit Plans	6 Months Ended
Net Periodic Benefit Cost-Defined Benefit Plans	Jun. 30, 2024
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Net Periodic Benefit Cost-Defined Benefit Plans	Net Periodic Benefit Cost-Defined Benefit Plans For a detailed disclosure on the Company’s pension and employee benefits plans, please refer to Note 13 of the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2023. The following sets forth the components of the net periodic expense/(gain) of the domestic non-contributory defined benefit plan for the three and six months ended June 30, 2024 and 2023, respectively: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2024 2023 2024 2023 Interest cost $ 193 $ 198 $ 386 $ 396 Expected return on plan assets (365) (326) (730) (652) Amortization of net loss 15 37 31 74 Net periodic benefit $ (157) $ (91) $ (313) $ (182) Employer Contributions The Company previously disclosed in its consolidated financial statements, included in the Annual Report on Form 10-K for the year ended December 31, 2023, that it does not expect to contribute to its defined benefit plan in 2024. As of June 30, 2024, there were no contributions made to the pension plan.

Stock Purchase Plans

Stock Purchase Plans	6 Months Ended
Stock Purchase Plans	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Purchase Plans	Stock Purchase Plans The Company maintains an Employee Stock Purchase Plan (“Plan”). The Plan is intended to encourage employee participation in the ownership and economic progress of the Company. The Plan allows for up to 1,500,000 shares to be purchased by employees. The purchase price of the shares is 95% of market value with an employee eligible to purchase up to the lesser of 15% of base compensation or $25,000 in market value annually. During the six months ended June 30, 2024 and 2023, there were 4,047 and 1,684 shares issued under the Plan, respectively, for total proceeds of $76,000 and $39,000.

Off-Balance Sheet Risk

Off-Balance Sheet Risk	6 Months Ended
Off-Balance Sheet Risk	Jun. 30, 2024
Off Balance Sheet Risk
Off-Balance Sheet Risk	Off-Balance Sheet Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are primarily comprised of commitments to extend credit, standby letters of credit, and credit exposure from the sale of assets with recourse. These instruments involve, to varying degrees, elements of credit, interest rate, or liquidity risk in excess of the amount recognized in the Consolidated Balance Sheet. The contract amounts of these instruments express the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss from nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company may require collateral or other security to support financial instruments with off-balance sheet credit risk. Financial instruments whose contract amounts represent credit risk are as follows at June 30, 2024 and December 31, 2023: (In Thousands) June 30, 2024 December 31, 2023 Commitments to extend credit $ 865,859 $ 855,171 Funded commitments to extend credit 488,403 469,684 Remaining unfunded commitments to extend credit 377,456 385,487 Standby letters of credit 12,893 13,969 Credit exposure from the sale of assets with recourse 7,029 6,995 Total unfunded credit exposure $ 397,378 $ 406,451 Allowance for credit losses $ 554 $ 1,342 Commitment to extend credit funded rate 56.4 % 54.9 % Historic commitment to extend credit funded rate 53.0 % 51.6 % The Company previously reported commitments to extend credit at December 31, 2023 of $161,037,000 which primarily related to commercial relationships. The amounts shown above for June 30, 2024 include all loan categories, including retail and commercial loan relationships, and the December 31, 2023 amounts were revised to reflect comparable presentation. Commitments to extend credit are legally binding agreements to lend to customers. Commitments generally have fixed expiration dates or other termination clauses and may require payment of fees. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future liquidity requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, on an extension of credit is based on management’s credit assessment of the counterparty. Standby letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance related contracts. The coverage period for these instruments is typically a one year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the coverage period. For secured letters of credit, the collateral is typically Bank deposit instruments or customer business assets.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following disclosures show the hierarchical disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. This hierarchy requires the use of observable market data when available. The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of June 30, 2024 and December 31, 2023, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2024 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: U.S. Government and agency securities $ — $ 3,940 $ — $ 3,940 Mortgage-backed securities — 34,440 — 34,440 State and political securities — 105,334 — 105,334 Other debt securities — 56,004 — 56,004 Investment equity securities: Equity securities 1,105 — — 1,105 December 31, 2023 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: U.S. Government and agency securities $ — $ 3,943 $ — $ 3,943 Mortgage-backed securities — 15,335 — 15,335 State and political securities — 115,615 — 115,615 Other debt securities — 56,032 — 56,032 Investment equity securities: Equity securities 1,122 — — 1,122 The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis as of June 30, 2024 and December 31, 2023, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2024 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Collateral dependent loans $ — $ — $ 4,573 $ 4,573 Other real estate owned — — 853 853 December 31, 2023 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Collateral dependent loans $ — $ — $ 1,621 $ 1,621 Other real estate owned — — 853 853 The following tables present a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of June 30, 2024 and December 31, 2023: June 30, 2024 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Collateral dependent loans $ 4,573 Appraisal of collateral (1) Appraisal of collateral (1) (5)% to (24)% (11)% Other real estate owned $ 853 Appraisal of collateral (1) Appraisal of collateral (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. December 31, 2023 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Collateral dependent loans $ 1,621 Appraisal of collateral (1) Appraisal of collateral (1) (15)% to (24)% (31)% Other real estate owned $ 853 Appraisal of collateral (1) Appraisal of collateral (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company is required to disclose fair values for its financial instruments. Fair values are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Also, it is the Company’s general practice and intention to hold most of its financial instruments to maturity and not to engage in trading or sales activities. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions can significantly affect the fair values. Fair values have been determined by the Company using historical data and an estimation methodology suitable for each category of financial instruments. The Company’s fair values are set forth below for the Company’s other financial instruments. As certain assets and liabilities, such as deferred tax assets, premises and equipment, and many other operational elements of the Company, are not considered financial instruments but have value, this fair value of financial instruments would not represent the full market value of the Company. The fair values of the Company’s financial instruments not recorded at fair value on a recurring or nonrecurring basis are as follows at June 30, 2024 and December 31, 2023: Carrying Fair Fair Value Measurements at June 30, 2024 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 4,444 $ 4,444 $ 4,444 $ — $ — Loans, net 1,855,054 1,806,179 — — 1,806,179 Financial liabilities: Time deposits & brokered deposits 438,640 416,103 — — 416,103 Short-term borrowings 106,407 106,407 106,407 — — Long-term borrowings 257,111 255,288 — — 255,288 (1) The financial instrument is carried at cost the lower of cost or fair value at, June 30, 2024 which is not significantly different than the fair value of the instruments Carrying Fair Fair Value Measurements at December 31, 2023 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 3,993 $ 3,993 $ 3,993 $ — $ — Loans, net 1,828,318 1,806,044 — — 1,806,044 Financial liabilities: Time deposits & brokered deposits 384,792 382,139 — — 382,139 Short-term borrowings 145,926 145,926 145,926 — — Long-term borrowings 252,598 251,570 — — 251,570 (1) The financial instrument is carried at cost the lower of cost or fair value at, December 31, 2023 which is not significantly different than the fair value of the instruments The methods and assumptions used by the Company in estimating fair values of financial instruments is in accordance with ASC Topic 825, Financial Instruments , as amended by ASU 2016-01 which requires public entities to use exit pricing in the calculation of the above tables.

Stock Options

Stock Options	6 Months Ended
Stock Options	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Options	Stock Options In 2020, the Company adopted the 2020 Equity Incentive Plan which replaced the 2014 Equity Incentive Plan that did not have any remaining shares available for issuance. The plans are designed to help the Company attract, retain, and motivate employees and non-employee directors. Incentive stock options, non-qualified stock options, restricted stock, restricted stock units, and other equity-based awards may be granted as part of the plan. As of January 1, 2024, the Company had a total of 1,000,000 stock options outstanding. During the six months ended June 30, 2024, the Company issued 97,000 stock options with a strike price of $20.85 to a group of employees. The options granted in 2024 all expire ten years from the grant date. Of the 97,000 grants awarded in 2024, 64,700 of the options vest in three years while the 32,300 remaining options vest in five years. Stock options outstanding as of June 30, 2024 are presented below: Stock Options Granted Date Shares Forfeited Cash Settlement Outstanding Strike Price Vesting Period Expiration January 17, 2024 64,700 — — 64,700 $ 20.85 3 years 10 years January 17, 2024 32,300 — — 32,300 20.85 5 years 10 years January 20, 2023 59,500 — — 59,500 27.77 3 years 10 years January 20, 2023 29,500 — — 29,500 27.77 5 years 10 years January 18, 2022 156,000 — — 156,000 24.10 3 years 10 years January 18, 2022 78,000 — — 78,000 24.10 5 years 10 years April 9, 2021 156,500 — — 156,500 24.23 3 years 10 years April 9, 2021 78,000 — — 78,000 24.23 5 years 10 years March 11, 2020 119,300 — — 119,300 25.34 3 years 10 years March 11, 2020 119,200 — — 119,200 25.34 5 years 10 years March 15, 2019 120,900 (20,550) — 100,350 28.01 3 years 10 years March 15, 2019 119,100 (19,950) — 99,150 28.01 5 years 10 years August 27, 2015 58,125 (26,250) (28,875) 3,000 28.02 5 years 10 years 1,191,125 (66,750) (28,875) 1,095,500 $ 25.13 A summary of stock option activity for the six months ended June 30, 2024 is presented below: June 30, 2024 Shares Weighted Average Exercise Price Outstanding, beginning of year 1,000,000 $ 25.55 Granted 97,000 20.85 Forfeited (1,500) 28.01 Expired — — Outstanding, end of period 1,095,500 $ 25.13 Exercisable, end of period 478,300 $ 26.11 The estimated fair value of options, including the effect of estimated forfeitures, is recognized as expense on a straight line basis over the options’ vesting periods while ensuring that the cumulative amount of compensation cost recognized at least equals the value of the vested portion of the award at that date. The fair value of stock options is estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for stock options granted for the six months ended June 30, 2024: Six months ended June 30, 2024 Risk-free interest rate 3.87 % Expected volatility 32 % Expected Annual dividend $ 1.28 Expected life 6.83 years Weighted average grant date fair value per option $ 3.73 Compensation expense for stock options is recognized using the fair value when the stock options are granted and is amortized over the options' vesting period. Compensation expense related to stock options was $154,000 and $427,000 for the three and six months ended June 30, 2024 compared to $233,000 and $486,000 for the same periods of 2023. As of June 30, 2024, a total of 478,300 stock options were exercisable and the weighted average years to expiration of these options was 5.10 years.

Reclassification of Comparative

Reclassification of Comparative Amounts	6 Months Ended
Reclassification of Comparative Amounts	Jun. 30, 2024
Reclassification of Comparative Amounts
Reclassification of Comparative Amounts	Reclassification of Comparative AmountsCertain comparative amounts for the prior period have been reclassified to conform to current period presentations. Such reclassifications had no effect on net income or shareholders’ equity

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income	$ 5,390	$ 4,171	$ 9,198	$ 8,829

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The consolidated financial statements include the accounts of Penns Woods Bancorp, Inc. (the “Company”) and its wholly-owned subsidiaries: Woods Investment Company, Inc., Woods Real Estate Development Company, Inc., United Insurance Solutions, LLC., Luzerne Bank, and Jersey Shore State Bank (Jersey Shore State Bank and Luzerne Bank are referred to together as the “Banks”) and Jersey Shore State Bank’s wholly-owned subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group (“The M Group”). All significant inter-company balances and transactions have been eliminated in the consolidation. The interim financial statements are unaudited, but in the opinion of management reflect all adjustments necessary for the fair presentation of results for such periods. The results of operations for any interim period are not necessarily indicative of results for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820) – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This amendment clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. It also introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted. The amendments will be applied prospectively, with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. This Update did not have a significant impact on the Company’s financial statements. In March 2023, the FASB issued ASU 2023-02, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. ASU 2023-02 permits reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. ASU 2023-02 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023. This Update did not have a significant impact on the Company’s financial statements. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvement: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative , which incorporates several SEC disclosure requirements into US GAAP and adds interim and annual disclosure requirements to a variety of topics in the Accounting Standards Codification, including those focusing on accounting changes, earnings per share, debt and repurchase agreements. For entities subject to the SEC disclosure requirements and those “required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer,” the US GAAP requirements will be effective when the removal of the related SEC rule is effective. Early adoption is not permitted for these entities. For all other entities, the effective date will be two years later, and early adoption is permitted. That is, financial statements issued after the effective date of each amendment are required to include on a prospective basis the related disclosure incorporated into US GAAP by this ASU. However, if the SEC does not act to remove its related requirements by June 30, 2027, any related FASB amendments will be removed from the Codification and will not be effective for any entities. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Public entities are required to adopt the changes retrospectively, recasting each prior-period disclosure for which a comparative income statement is presented in the period of adoption. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2024, the FASB issued ASU 2024-01, Compensation – Stock Compensation (Topic 718) , amended the guidance in ASC 718 to add an example showing how to apply the scope guidance to determine whether profits interest and similar awards should be accounted for as share-based payment arrangements. For public business entities, the guidance is effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. For all other entities, it is effective for fiscal years beginning after December 15, 2025, and interim periods within those fiscal years. This Update is not expected to have a significant impact on the Company’s financial statements. In March 2024, the FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of changes in accumulated other comprehensive income by component	The changes in accumulated other comprehensive loss by component shown net of tax and parenthesis indicating debits, as of June 30, 2024 and 2023 were as follows: Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (In Thousands) Net Unrealized (Loss) Gain on Available Defined Total Net Unrealized (Loss) Gain on Available Defined Total Beginning balance $ (6,425) $ (2,741) $ (9,166) $ (7,928) $ (4,110) $ (12,038) Other comprehensive income (loss) before reclassifications 87 — 87 (1,840) — (1,840) Amounts reclassified from accumulated other comprehensive gain 10 11 21 15 30 45 Net current-period other comprehensive income (loss) 97 11 108 (1,825) 30 (1,795) Ending balance $ (6,328) $ (2,730) $ (9,058) $ (9,753) $ (4,080) $ (13,833) Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (In Thousands) Net Unrealized (Loss) Gain on Available Defined Total Net Unrealized Gain (Loss) on Available Defined Total Beginning balance $ (6,396) $ (2,754) $ (9,150) $ (9,819) $ (4,139) $ (13,958) Other comprehensive income before reclassifications 40 — 40 3 — 3 Amounts reclassified from accumulated other comprehensive gain 28 24 52 63 59 122 Net current-period other comprehensive income 68 24 92 66 59 125 Ending balance $ (6,328) $ (2,730) $ (9,058) $ (9,753) $ (4,080) $ (13,833)
Schedule of reclassifications out of accumulated other comprehensive income	The reclassifications out of accumulated other comprehensive loss shown, net of tax and parenthesis indicating debits to net income, as of June 30, 2024 and 2023 were as follows: Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 Net unrealized loss on available for sale securities $ (12) $ (19) Net debt securities losses, available for sale Income tax effect 2 4 Income tax provision Total reclassifications for the period $ (10) $ (15) Net unrecognized pension costs $ (15) $ (37) Other non-interest expense Income tax effect 4 7 Income tax provision Total reclassifications for the period $ (11) $ (30) Details about Accumulated Other Comprehensive Loss Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item Six months ended June 30, 2024 Six months ended June 30, 2023 Net unrealized losses on available for sale securities $ (35) $ (80) Net debt securities losses, available for sale Income tax effect 7 17 Income tax provision Total reclassifications for the period $ (28) $ (63) Net unrecognized pension costs $ (31) $ (74) Other non-interest expense Income tax effect 7 15 Income tax provision Total reclassifications for the period $ (24) $ (59)

Per Share Data (Tables)

Per Share Data (Tables)	6 Months Ended
Per Share Data (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of weighted average common shares (denominator) used in the basic and dilutive earnings per share computation	Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted average common shares issued 8,039,464 7,572,243 8,031,105 7,570,443 Weighted average treasury stock shares (510,225) (510,225) (510,225) (510,225) Weighted average common shares outstanding - basic and diluted 7,529,239 7,062,018 7,520,880 7,060,218

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost, gross unrealized gains and losses, and fair values of equity and trading investment securities	The amortized cost, gross unrealized gains and losses, and fair values of our investment securities portfolio at June 30, 2024 and December 31, 2023 are as follows: June 30, 2024 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): U.S. Government and agency securities $ 4,000 $ — $ (60) $ 3,940 Mortgage-backed securities 34,672 151 (383) 34,440 State and political securities 110,625 50 (5,341) 105,334 Other debt securities 58,431 208 (2,635) 56,004 Total debt securities $ 207,728 $ 409 $ (8,419) $ 199,718 Investment equity securities: Equity securities $ 1,300 $ — $ (195) $ 1,105 December 31, 2023 Gross Gross Amortized Unrealized Unrealized Fair (In Thousands) Cost Gains Losses Value Available for sale (AFS): U.S. Government and agency securities $ 4,000 $ 3 $ (60) $ 3,943 Mortgage-backed securities 15,457 120 (222) 15,355 State and political securities 120,740 162 (5,287) 115,615 Other debt securities 58,844 97 (2,909) 56,032 Total debt securities $ 199,041 $ 382 $ (8,478) $ 190,945 Investment equity securities: Equity securities $ 1,300 $ — $ (178) $ 1,122
Schedule of gross unrealized losses and fair value	The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time, that the individual debt securities have been in a continuous unrealized loss position, at June 30, 2024 and December 31, 2023. June 30, 2024 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): U.S. Government and agency securities $ 986 $ (14) $ 2,954 $ (46) $ 3,940 $ (60) Mortgage-backed securities 12,994 (109) 5,839 (274) 18,833 (383) State and political securities 5,168 (62) 90,110 (5,279) 95,278 (5,341) Other debt securities 7,605 (182) 35,886 (2,453) 43,491 (2,635) Total debt securities $ 26,753 $ (367) $ 134,789 $ (8,052) $ 161,542 $ (8,419) December 31, 2023 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized (In Thousands) Value Losses Value Losses Value Losses Available for sale (AFS): U.S. Government and agency securities $ — $ — $ 2,940 $ (60) $ 2,940 $ (60) Mortgage-backed securities 7,559 (78) 984 (144) 8,543 (222) State and political securities 6,051 (128) 99,405 (5,159) 105,456 (5,287) Other debt securities 12,976 (218) 35,449 (2,691) 48,425 (2,909) Total debt securities $ 26,586 $ (424) $ 138,778 $ (8,054) $ 165,364 $ (8,478)
Schedule of amortized cost and fair value of debt securities by contractual maturity	The amortized cost and fair value of debt securities at June 30, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (In Thousands) Amortized Cost Fair Value Due in one year or less $ 29,331 $ 28,944 Due after one year to five years 72,399 68,872 Due after five years to ten years 84,496 80,593 Due after ten years 21,502 21,309 Total $ 207,728 $ 199,718
Schedule of gross realized gains and losses	The following table represents gross realized gains and losses from the sales of debt securities available for sale: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2024 2023 2024 2023 Available for sale (AFS): Gross realized gains: State and political securities $ — $ 91 $ — $ 145 Gross realized losses: State and political securities $ (12) $ (110) $ (35) $ (225)
Schedule of unrealized and realized gains and losses recognized in net income	The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2024 2023 2024 2023 Net (losses) gains recognized in equity securities during the period $ (7) $ (20) $ (17) $ 1 Less: Net (loss) gain realized on the sale of equity securities during the period — — — — Unrealized (losses) gains recognized in equity securities held at reporting date $ (7) $ (20) $ (17) $ 1

Loans (Tables)

Loans (Tables)	6 Months Ended
Loans (Tables)	Jun. 30, 2024
Loans and Leases Receivable Disclosure [Abstract]
Schedule of related aging categories of loans by segment	The following table presents the related aging categories of loans, by class, as of June 30, 2024 and December 31, 2023: June 30, 2024 Past Due 30 To 89 Past Due 90 (In Thousands) Days Days Or More Current Total Commercial, financial, and agricultural $ 884 $ 16 $ 214,020 $ 214,920 Real estate mortgage: Residential 7,346 1,755 804,902 814,003 Commercial 2,084 1,608 533,550 537,242 Construction 14 — 43,445 43,459 Consumer automobile loans 2,876 406 242,379 245,661 Other consumer installment loans 159 22 9,884 10,065 $ 13,363 $ 3,807 $ 1,848,180 1,865,350 Net deferred loan fees and discounts 938 Allowance for credit losses (11,234) Loans, net $ 1,855,054 December 31, 2023 Past Due 30 To 89 Past Due 90 (In Thousands) Days Days Or More Current Total Commercial, financial, and agricultural $ 749 $ 587 $ 212,130 $ 213,466 Real estate mortgage: Residential 10,158 1,970 786,373 798,501 Commercial 1,466 273 529,862 531,601 Construction 812 — 39,577 40,389 Consumer automobile loans 2,748 307 241,343 244,398 Other consumer installment loans 620 11 9,730 10,361 $ 16,553 $ 3,148 $ 1,819,015 1,838,716 Net deferred loan fees and discounts 1,048 Allowance for loan losses (11,446) Loans, net $ 1,828,318
Schedule of components of and activity in the allowance	The following table presents the components of the ACL as of June 30, 2024 and December 31, 2023: June 30, December 31, (In Thousands) 2024 2023 ACL - loans $ 11,234 $ 11,446 ACL - off balance sheet credit exposure 554 1,342 Total ACL $ 11,788 $ 12,788 Activity in the allowance is presented for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 3,051 $ 719 $ 4,646 $ 9 $ 2,487 $ 630 $ — $ 11,542 Charge-offs (42) — (2) — (127) (63) — (234) Recoveries 507 26 — — 76 21 — 630 Provision (2,082) 83 759 2 497 37 — (704) Ending Balance $ 1,434 $ 828 $ 5,403 $ 11 $ 2,933 $ 625 $ — $ 11,234 Three Months Ended June 30, 2023 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 3,862 $ 1,412 $ 3,481 $ 184 $ 2,113 $ 682 $ — $ 11,734 Charge-offs — (3) (136) — (237) (79) — (455) Recoveries 856 1 22 — 27 21 — 927 Provision (1,699) (332) 824 (6) 543 56 — (614) Ending Balance $ 3,019 $ 1,078 $ 4,191 $ 178 $ 2,446 $ 680 $ — $ 11,592 t Six Months Ended June 30, 2024 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 3,379 $ 1,200 $ 3,352 $ 145 $ 2,668 $ 702 $ — $ 11,446 Charge-offs (132) (4) (2) — (463) (158) — (759) Recoveries 577 28 2 — 120 48 — 775 Provision (2,390) (396) 2,051 (134) 608 33 — (228) Ending Balance $ 1,434 $ 828 $ 5,403 $ 11 $ 2,933 $ 625 $ — $ 11,234 Six Months Ended June 30, 2023 Commercial, Financial, and Agricultural Real Estate Mortgages Consumer automobile Other consumer installment (In Thousands) Residential Commercial Construction Unallocated Totals Beginning Balance $ 1,914 $ 5,061 $ 6,110 $ 188 $ 1,617 $ 109 $ 638 $ 15,637 Impact of adopting ASC 326 2,656 (3,893) (2,660) (96) 240 602 (638) (3,789) Charge-offs — (81) (139) — (330) (167) — (717) Recoveries 961 3 25 — 39 38 — 1,066 Provision (2,512) (12) 855 86 880 98 — (605) Ending Balance $ 3,019 $ 1,078 $ 4,191 $ 178 $ 2,446 $ 680 $ — $ 11,592
Schedule of non-accrual loans	Non-Accrual Loans June 30, 2024 December 31, 2023 (In Thousands) With a Related ACL Without a Related ACL Total With a Related ACL Without a Related ACL Total Commercial, financial, and agricultural $ — $ 576 $ 576 $ — $ 504 $ 504 Real estate mortgage: Residential — 230 230 21 259 280 Commercial 2,126 1,595 3,721 — 214 214 Construction — — — — — — Consumer automobile — — — — — — Other consumer installment loans — — — — — — $ 2,126 $ 2,401 $ 4,527 $ 21 $ 977 $ 998
Schedule of collateral dependent loans	The following table presents outstanding loan balances of collateral-dependent loans by class as of June 30, 2024 and December 31, 2023: June 30, 2024 (In Thousands) Real estate Other Total Real estate mortgage: Residential $ 1,458 $ — $ 1,458 Commercial 3,592 — 3,592 Total $ 5,050 $ — $ 5,050 December 31, 2023 (In Thousands) Real estate Other Total Real estate mortgage: Residential $ 1,533 $ — $ 1,533 Commercial 88 — 88 Total $ 1,621 $ — $ 1,621
Schedule of credit quality categories	The following table presents the credit quality categories identified above as of June 30, 2024 and December 31, 2023: June 30, 2024 (In Thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial, financial, and agricultural Pass $ 14,839 $ 28,025 $ 46,756 $ 33,039 $ 31,134 $ 27,863 $ 30,931 $ 76 $ 212,663 Special Mention — — 146 28 17 — 74 — 265 Substandard or Lower — — — — — 714 564 714 1,992 $ 14,839 $ 28,025 $ 46,902 $ 33,067 $ 31,151 $ 28,577 $ 31,569 $ 790 $ 214,920 Current period gross write offs $ — $ 40 $ 62 $ — $ — $ 30 $ — $ — $ 132 Real estate mortgage: Residential Pass $ 52,377 $ 122,584 $ 129,368 $ 81,832 $ 48,294 $ 163,328 $ 59,894 $ 152,776 $ 810,453 Special Mention — 336 522 — — 93 — — 951 Substandard or Lower — — 312 269 — 1,959 — 59 2,599 $ 52,377 $ 122,920 $ 130,202 $ 82,101 $ 48,294 $ 165,380 $ 59,894 $ 152,835 $ 814,003 Current period gross write offs $ — $ — $ — $ — $ — $ 4 $ — $ — $ 4 Commercial Pass $ 18,838 $ 61,536 $ 107,082 $ 123,469 $ 47,095 $ 157,860 $ 11,126 $ 844 $ 527,850 Special Mention — 185 151 2,398 — 1,830 — — 4,564 Substandard or Lower — — — 880 — 3,948 — — 4,828 $ 18,838 $ 61,721 $ 107,233 $ 126,747 $ 47,095 $ 163,638 $ 11,126 $ 844 $ 537,242 Current period gross write offs $ — $ — $ — $ — $ — $ 2 $ — $ — $ 2 Construction Pass $ 7,135 $ 22,484 $ 6,278 $ 1,556 $ 1,234 $ 4,422 $ 266 $ — $ 43,375 Special Mention — — — — — — — — — Substandard or Lower — — — — — 84 — — 84 $ 7,135 $ 22,484 $ 6,278 $ 1,556 $ 1,234 $ 4,506 $ 266 $ — $ 43,459 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Automobile Pass $ 41,222 $ 106,267 $ 65,341 $ 15,246 $ 11,065 $ 6,520 $ — $ — $ 245,661 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 41,222 $ 106,267 $ 65,341 $ 15,246 $ 11,065 $ 6,520 $ — $ — $ 245,661 Current period gross write offs $ 4 $ 217 $ 133 $ 23 $ 42 $ 44 $ — $ — $ 463 Installment loans to individuals Pass $ 1,624 $ 2,325 $ 1,669 $ 966 $ 413 $ 3,034 $ — $ 34 $ 10,065 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 1,624 $ 2,325 $ 1,669 $ 966 $ 413 $ 3,034 $ — $ 34 $ 10,065 Current period gross write offs $ 50 $ 66 $ 18 $ 2 $ — $ 22 $ — $ — $ 158 December 31, 2023 (In Thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Revolving Loans Converted to Term Total Commercial, financial, and agricultural Pass $ 31,190 $ 49,615 $ 35,901 $ 31,980 $ 3,123 $ 29,502 $ 29,397 $ 101 $ 210,809 Special Mention — 183 37 19 — 138 223 — 600 Substandard or Lower — — — 85 — 742 487 743 2,057 $ 31,190 $ 49,798 $ 35,938 $ 32,084 $ 3,123 $ 30,382 $ 30,107 $ 844 $ 213,466 Current period gross write offs $ — $ 41 $ — $ — $ — $ — $ — $ — $ 41 Real estate mortgage: Residential Pass $ 135,939 $ 134,077 $ 88,844 $ 51,378 $ 33,914 $ 148,802 $ 56,519 $ 146,055 $ 795,528 Special Mention — 844 273 — — — — — 1,117 Substandard or Lower — — — — — 1,790 — 66 1,856 $ 135,939 $ 134,921 $ 89,117 $ 51,378 $ 33,914 $ 150,592 $ 56,519 $ 146,121 $ 798,501 Current period gross write offs $ — $ — $ — $ — $ — $ 9 $ 73 $ — $ 82 Commercial Pass $ 55,664 $ 107,638 $ 128,094 $ 49,603 $ 24,104 $ 144,377 $ 12,338 $ 821 $ 522,639 Special Mention — 153 2,990 — — 1,891 — — 5,034 Substandard or Lower — — — — 59 3,869 — — 3,928 $ 55,664 $ 107,791 $ 131,084 $ 49,603 $ 24,163 $ 150,137 $ 12,338 $ 821 $ 531,601 Current period gross write offs $ 59 $ — $ — $ — $ — $ 3 $ — $ — $ 62 Construction Pass $ 25,494 $ 6,837 $ 1,742 $ 1,302 $ 392 $ 4,272 $ 261 $ — $ 40,300 Special Mention — — — — — — — — — Substandard or Lower — — — — — 89 — — 89 $ 25,494 $ 6,837 $ 1,742 $ 1,302 $ 392 $ 4,361 $ 261 $ — $ 40,389 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer Automobile Pass $ 119,922 $ 78,443 $ 19,567 $ 15,348 $ 7,305 $ 3,813 $ — $ — $ 244,398 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 119,922 $ 78,443 $ 19,567 $ 15,348 $ 7,305 $ 3,813 $ — $ — $ 244,398 Current period gross write offs $ 30 $ 320 $ 178 $ 113 $ 8 $ 17 $ — $ — $ 666 Installment loans to individuals Pass $ 2,952 $ 2,188 $ 1,177 $ 524 $ 407 $ 3,071 $ — $ 42 $ 10,361 Special Mention — — — — — — — — — Substandard or Lower — — — — — — — — — $ 2,952 $ 2,188 $ 1,177 $ 524 $ 407 $ 3,071 $ — $ 42 $ 10,361 Current period gross write offs $ 232 $ 47 $ 23 $ 8 $ 12 $ 34 $ 13 $ 11 $ 380
Schedule of concentration of loan	The Company has a concentration of the following to gross loans at June 30, 2024 and 2023: June 30, 2024 2023 Owners of residential rental properties 18.38 % 18.79 % Owners of commercial rental properties 14.31 % 14.80 %

Net Periodic Benefit Cost-Def_2

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	6 Months Ended
Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	Jun. 30, 2024
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]
Schedule of components of the net periodic benefit/cost of the domestic non-contributory defined benefit plan	The following sets forth the components of the net periodic expense/(gain) of the domestic non-contributory defined benefit plan for the three and six months ended June 30, 2024 and 2023, respectively: Three Months Ended June 30, Six Months Ended June 30, (In Thousands) 2024 2023 2024 2023 Interest cost $ 193 $ 198 $ 386 $ 396 Expected return on plan assets (365) (326) (730) (652) Amortization of net loss 15 37 31 74 Net periodic benefit $ (157) $ (91) $ (313) $ (182)

Off-Balance Sheet Risk (Tables)

Off-Balance Sheet Risk (Tables)	6 Months Ended
Off-Balance Sheet Risk (Tables)	Jun. 30, 2024
Off Balance Sheet Risk
Schedule of Financial instruments whose contract amounts represent credit risk	Financial instruments whose contract amounts represent credit risk are as follows at June 30, 2024 and December 31, 2023: (In Thousands) June 30, 2024 December 31, 2023 Commitments to extend credit $ 865,859 $ 855,171 Funded commitments to extend credit 488,403 469,684 Remaining unfunded commitments to extend credit 377,456 385,487 Standby letters of credit 12,893 13,969 Credit exposure from the sale of assets with recourse 7,029 6,995 Total unfunded credit exposure $ 397,378 $ 406,451 Allowance for credit losses $ 554 $ 1,342 Commitment to extend credit funded rate 56.4 % 54.9 % Historic commitment to extend credit funded rate 53.0 % 51.6 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of assets reported on the balance sheet at their fair value on a recurring basis	The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of June 30, 2024 and December 31, 2023, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2024 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: U.S. Government and agency securities $ — $ 3,940 $ — $ 3,940 Mortgage-backed securities — 34,440 — 34,440 State and political securities — 105,334 — 105,334 Other debt securities — 56,004 — 56,004 Investment equity securities: Equity securities 1,105 — — 1,105 December 31, 2023 (In Thousands) Level I Level II Level III Total Assets measured on a recurring basis: Investment securities, available for sale: U.S. Government and agency securities $ — $ 3,943 $ — $ 3,943 Mortgage-backed securities — 15,335 — 15,335 State and political securities — 115,615 — 115,615 Other debt securities — 56,032 — 56,032 Investment equity securities: Equity securities 1,122 — — 1,122
Schedule of assets reported on the consolidated balance sheet at their fair value on a non-recurring basis	The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis as of June 30, 2024 and December 31, 2023, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2024 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Collateral dependent loans $ — $ — $ 4,573 $ 4,573 Other real estate owned — — 853 853 December 31, 2023 (In Thousands) Level I Level II Level III Total Assets measured on a non-recurring basis: Collateral dependent loans $ — $ — $ 1,621 $ 1,621 Other real estate owned — — 853 853
Schedule of listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques	The following tables present a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of June 30, 2024 and December 31, 2023: June 30, 2024 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Collateral dependent loans $ 4,573 Appraisal of collateral (1) Appraisal of collateral (1) (5)% to (24)% (11)% Other real estate owned $ 853 Appraisal of collateral (1) Appraisal of collateral (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. December 31, 2023 Quantitative Information About Level III Fair Value Measurements (In Thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range Weighted Average Collateral dependent loans $ 1,621 Appraisal of collateral (1) Appraisal of collateral (1) (15)% to (24)% (31)% Other real estate owned $ 853 Appraisal of collateral (1) Appraisal of collateral (1) (20)% (20)% (1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of fair value of financial instruments	The fair values of the Company’s financial instruments not recorded at fair value on a recurring or nonrecurring basis are as follows at June 30, 2024 and December 31, 2023: Carrying Fair Fair Value Measurements at June 30, 2024 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 4,444 $ 4,444 $ 4,444 $ — $ — Loans, net 1,855,054 1,806,179 — — 1,806,179 Financial liabilities: Time deposits & brokered deposits 438,640 416,103 — — 416,103 Short-term borrowings 106,407 106,407 106,407 — — Long-term borrowings 257,111 255,288 — — 255,288 (1) The financial instrument is carried at cost the lower of cost or fair value at, June 30, 2024 which is not significantly different than the fair value of the instruments Carrying Fair Fair Value Measurements at December 31, 2023 (In Thousands) Value Value Level I Level II Level III Financial assets: Loans held for sale (1) $ 3,993 $ 3,993 $ 3,993 $ — $ — Loans, net 1,828,318 1,806,044 — — 1,806,044 Financial liabilities: Time deposits & brokered deposits 384,792 382,139 — — 382,139 Short-term borrowings 145,926 145,926 145,926 — — Long-term borrowings 252,598 251,570 — — 251,570 (1) The financial instrument is carried at cost the lower of cost or fair value at, December 31, 2023 which is not significantly different than the fair value of the instruments

Stock Options (Tables)

Stock Options (Tables)	6 Months Ended
Stock Options (Tables)	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options Granted	Stock options outstanding as of June 30, 2024 are presented below: Stock Options Granted Date Shares Forfeited Cash Settlement Outstanding Strike Price Vesting Period Expiration January 17, 2024 64,700 — — 64,700 $ 20.85 3 years 10 years January 17, 2024 32,300 — — 32,300 20.85 5 years 10 years January 20, 2023 59,500 — — 59,500 27.77 3 years 10 years January 20, 2023 29,500 — — 29,500 27.77 5 years 10 years January 18, 2022 156,000 — — 156,000 24.10 3 years 10 years January 18, 2022 78,000 — — 78,000 24.10 5 years 10 years April 9, 2021 156,500 — — 156,500 24.23 3 years 10 years April 9, 2021 78,000 — — 78,000 24.23 5 years 10 years March 11, 2020 119,300 — — 119,300 25.34 3 years 10 years March 11, 2020 119,200 — — 119,200 25.34 5 years 10 years March 15, 2019 120,900 (20,550) — 100,350 28.01 3 years 10 years March 15, 2019 119,100 (19,950) — 99,150 28.01 5 years 10 years August 27, 2015 58,125 (26,250) (28,875) 3,000 28.02 5 years 10 years 1,191,125 (66,750) (28,875) 1,095,500 $ 25.13 A summary of stock option activity for the six months ended June 30, 2024 is presented below: June 30, 2024 Shares Weighted Average Exercise Price Outstanding, beginning of year 1,000,000 $ 25.55 Granted 97,000 20.85 Forfeited (1,500) 28.01 Expired — — Outstanding, end of period 1,095,500 $ 25.13 Exercisable, end of period 478,300 $ 26.11
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following is a summary of the assumptions used in this model for stock options granted for the six months ended June 30, 2024: Six months ended June 30, 2024 Risk-free interest rate 3.87 % Expected volatility 32 % Expected Annual dividend $ 1.28 Expected life 6.83 years Weighted average grant date fair value per option $ 3.73

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 193,517	$ 173,970	$ 191,556	$ 167,665
Other comprehensive income (loss) before reclassifications	87	(1,840)	40	3
Amounts reclassified from accumulated other comprehensive gain	21	45	52	122
Net current-period other comprehensive income	108	(1,795)	92	125
Ending balance	197,087	174,402	197,087	174,402
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(9,166)	(12,038)	(9,150)	(13,958)
Ending balance	(9,058)	(13,833)	(9,058)	(13,833)
Net Unrealized (Loss) Gain on Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6,425)	(7,928)	(6,396)	(9,819)
Other comprehensive income (loss) before reclassifications	87	(1,840)	40	3
Amounts reclassified from accumulated other comprehensive gain	10	15	28	63
Net current-period other comprehensive income	97	(1,825)	68	66
Ending balance	(6,328)	(9,753)	(6,328)	(9,753)
Defined Benefit Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(2,741)	(4,110)	(2,754)	(4,139)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive gain	11	30	24	59
Net current-period other comprehensive income	11	30	24	59
Ending balance	$ (2,730)	$ (4,080)	$ (2,730)	$ (4,080)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Reclassifications out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reclassifications out of accumulated other comprehensive income
Net debt securities losses, available for sale	$ (12)	$ (19)	$ (35)	$ (80)
Other non-interest expense	(1,403)	(1,441)	(2,912)	(2,897)
Income tax effect	(1,331)	(988)	(1,970)	(1,916)
Net Income	5,390	4,171	9,198	8,829
Amount Reclassified from Accumulated Other Comprehensive Loss \| Net Unrealized (Loss) Gain on Available for Sale Securities
Reclassifications out of accumulated other comprehensive income
Net debt securities losses, available for sale	(12)	(19)	(35)	(80)
Income tax effect	2	4	7	17
Net Income	(10)	(15)	(28)	(63)
Amount Reclassified from Accumulated Other Comprehensive Loss \| Defined Benefit Plan
Reclassifications out of accumulated other comprehensive income
Other non-interest expense	(15)	(37)	(31)	(74)
Income tax effect	4	7	7	15
Net Income	$ (11)	$ (30)	$ (24)	$ (59)

Per Share Data - Narrative (Det

Per Share Data - Narrative (Details) - $ / shares	6 Months Ended
Per Share Data - Narrative (Details) - $ / shares	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Aug. 27, 2015
Earnings Per Share [Abstract]
Convertible securities which would affect denominator in calculating basic and dilutive earnings per share (in shares)	0
Options, outstanding (in shares)	1,095,500	1,003,000	1,000,000	3,000
Outstanding, weighted average exercise price (in dollars per share)	$ 25.13	$ 25.56	$ 25.55
Average share price (in dollars per share)	$ 19.68	$ 25.10

Per Share Data - Composition of

Per Share Data - Composition of Weighted Average Common Shares Used in Earnings per Share Computation (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Weighted average common shares issued (in shares)	8,039,464	7,572,243	8,031,105	7,570,443
Weighted average treasury stock shares (in shares)	(510,225)	(510,225)	(510,225)	(510,225)
Weighted average shares outstanding - diluted (in shares)	7,529,239	7,062,018	7,520,880	7,060,218
Weighted average shares outstanding - basic (in shares)	7,529,239	7,062,018	7,520,880	7,060,218

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Values of Investment Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale (AFS):
Amortized Cost	$ 207,728
Fair value	199,718	$ 190,945
Investment equity securities:
Fair value	1,105	1,122
Total debt securities
Available for sale (AFS):
Amortized Cost	207,728	199,041
Gross unrealized gains	409	382
Gross unrealized losses	(8,419)	(8,478)
Fair value	199,718	190,945
U.S. Government and agency securities
Available for sale (AFS):
Amortized Cost	4,000	4,000
Gross unrealized gains	0	3
Gross unrealized losses	(60)	(60)
Fair value	3,940	3,943
Mortgage-backed securities
Available for sale (AFS):
Amortized Cost	34,672	15,457
Gross unrealized gains	151	120
Gross unrealized losses	(383)	(222)
Fair value	34,440	15,355
State and political securities
Available for sale (AFS):
Amortized Cost	110,625	120,740
Gross unrealized gains	50	162
Gross unrealized losses	(5,341)	(5,287)
Fair value	105,334	115,615
Other debt securities
Available for sale (AFS):
Amortized Cost	58,431	58,844
Gross unrealized gains	208	97
Gross unrealized losses	(2,635)	(2,909)
Fair value	56,004	56,032
Equity securities
Investment equity securities:
Amortized Cost	1,300	1,300
Gross unrealized gains	0	0
Gross unrealized losses	(195)	(178)
Fair value	$ 1,105	$ 1,122

Investment Securities - Gross U

Investment Securities - Gross Unrealized Losses and Fair Value by Investment Category (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Total debt securities
Debt and Equity Securities, FV-NI [Line Items]
Fair value, less than twelve months	$ 26,753	$ 26,586
Gross unrealized losses, less than twelve months	(367)	(424)
Fair value, twelve months or greater	134,789	138,778
Gross unrealized losses, twelve months or greater	(8,052)	(8,054)
Fair value, total	161,542	165,364
Gross unrealized losses, total	(8,419)	(8,478)
U.S. Government and agency securities
Debt and Equity Securities, FV-NI [Line Items]
Fair value, less than twelve months	986	0
Gross unrealized losses, less than twelve months	(14)	0
Fair value, twelve months or greater	2,954	2,940
Gross unrealized losses, twelve months or greater	(46)	(60)
Fair value, total	3,940	2,940
Gross unrealized losses, total	(60)	(60)
Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Fair value, less than twelve months	12,994	7,559
Gross unrealized losses, less than twelve months	(109)	(78)
Fair value, twelve months or greater	5,839	984
Gross unrealized losses, twelve months or greater	(274)	(144)
Fair value, total	18,833	8,543
Gross unrealized losses, total	(383)	(222)
State and political securities
Debt and Equity Securities, FV-NI [Line Items]
Fair value, less than twelve months	5,168	6,051
Gross unrealized losses, less than twelve months	(62)	(128)
Fair value, twelve months or greater	90,110	99,405
Gross unrealized losses, twelve months or greater	(5,279)	(5,159)
Fair value, total	95,278	105,456
Gross unrealized losses, total	(5,341)	(5,287)
Other debt securities
Debt and Equity Securities, FV-NI [Line Items]
Fair value, less than twelve months	7,605	12,976
Gross unrealized losses, less than twelve months	(182)	(218)
Fair value, twelve months or greater	35,886	35,449
Gross unrealized losses, twelve months or greater	(2,453)	(2,691)
Fair value, total	43,491	48,425
Gross unrealized losses, total	$ (2,635)	$ (2,909)

Investment Securities - Narrati

Investment Securities - Narrative (Details)	6 Months Ended
Investment Securities - Narrative (Details)	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Number of individual securities that were in a continuous unrealized loss position for less than twelve months (in securities) \| security	31
Number of individual securities that were in a continuous unrealized loss position for greater than twelve months (in securities) \| security	169
Credit losses	$ 0
Gross proceeds from sales of securities	4,519,000	$ 22,725,000
Carrying value of investment securities pledged	110,129,000		$ 107,800,000
Investment equity securities, at fair value	$ 1,105,000		$ 1,122,000

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Fair Value of Debt Securities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Amortized Cost
Due in one year or less	$ 29,331
Due after one year to five years	72,399
Due after five years to ten years	84,496
Due after ten years	21,502
Amortized Cost	207,728
Fair Value
Due in one year or less	28,944
Due after one year to five years	68,872
Due after five years to ten years	80,593
Due after ten years	21,309
Total	$ 199,718

Investment Securities - Total G

Investment Securities - Total Gross Proceeds from Sales of Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Available for sale (AFS):
Available-for-sale securities, gross realized gains	$ 0
State and political securities
Available for sale (AFS):
Available-for-sale securities, gross realized gains		$ 91	$ 0	$ 145
Available-for-sale securities, gross realized losses	$ (12)	$ (110)	$ (35)	$ (225)

Investment Securities - Unreali

Investment Securities - Unrealized and Realized Gains and Losses Recognized in Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Equity Securities, FV-NI, Gain (Loss) [Abstract]
Net (losses) gains recognized in equity securities during the period	$ (7)	$ (20)	$ (17)	$ 1
Less: Net (loss) gain realized on the sale of equity securities during the period	0	0	0	0
Unrealized (losses) gains recognized in equity securities held at reporting date	$ (7)	$ (20)	$ (17)	$ 1

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
Loans - Narrative (Details) $ in Thousands	Jun. 30, 2024 USD ($) category	Jun. 30, 2024 USD ($) category	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due 90 days or more & still accruing	$ 2,257	$ 2,257	$ 2,150
Non-accrual loans interest income	49	94
Financing receivable, excluding accrued interest, modified, accumulated	4,911	4,911	5,019
Real estate acquired through foreclosure	343	343	700
Mortgage loans in process of foreclosure, amount	$ 995	$ 995	601
Number of categories considered not criticized and rated as pass (in categories) \| category	6	6
Minimum period after which loans are considered as substandard (in days)		90 days
Percentage of loan review evaluated		55%
Exposure to non-owner occupied office space	$ 15,501	$ 15,501	$ 19,783
Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of categories in which real estate loans segmented (in categories) \| category		3

Loans - Aging Categories of Loa

Loans - Aging Categories of Loans by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Aging categories of loans by segment
Total	$ 1,865,350		$ 1,838,716
Net deferred loan fees and discounts	938		1,048
Allowance for credit losses	(11,234)	$ (11,542)	(11,446)	$ (11,592)	$ (11,734)	$ (15,637)
Loans, net	1,855,054		1,828,318
Past Due 30 to 89 Days
Aging categories of loans by segment
Total	13,363		16,553
Past Due 90 Days or More
Aging categories of loans by segment
Total	3,807		3,148
Current
Aging categories of loans by segment
Total	1,848,180		1,819,015
Commercial, financial, and agricultural
Aging categories of loans by segment
Total	214,920		213,466
Allowance for credit losses	(1,434)	(3,051)	(3,379)	(3,019)	(3,862)	(1,914)
Commercial, financial, and agricultural \| Past Due 30 to 89 Days
Aging categories of loans by segment
Total	884		749
Commercial, financial, and agricultural \| Past Due 90 Days or More
Aging categories of loans by segment
Total	16		587
Commercial, financial, and agricultural \| Current
Aging categories of loans by segment
Total	214,020		212,130
Real Estate Mortgages \| Residential
Aging categories of loans by segment
Total	814,003		798,501
Allowance for credit losses	(828)	(719)	(1,200)	(1,078)	(1,412)	(5,061)
Real Estate Mortgages \| Residential \| Past Due 30 to 89 Days
Aging categories of loans by segment
Total	7,346		10,158
Real Estate Mortgages \| Residential \| Past Due 90 Days or More
Aging categories of loans by segment
Total	1,755		1,970
Real Estate Mortgages \| Residential \| Current
Aging categories of loans by segment
Total	804,902		786,373
Real Estate Mortgages \| Commercial
Aging categories of loans by segment
Total	537,242		531,601
Allowance for credit losses	(5,403)	(4,646)	(3,352)	(4,191)	(3,481)	(6,110)
Real Estate Mortgages \| Commercial \| Past Due 30 to 89 Days
Aging categories of loans by segment
Total	2,084		1,466
Real Estate Mortgages \| Commercial \| Past Due 90 Days or More
Aging categories of loans by segment
Total	1,608		273
Real Estate Mortgages \| Commercial \| Current
Aging categories of loans by segment
Total	533,550		529,862
Real Estate Mortgages \| Construction
Aging categories of loans by segment
Total	43,459		40,389
Allowance for credit losses	(11)	(9)	(145)	(178)	(184)	(188)
Real Estate Mortgages \| Construction \| Past Due 30 to 89 Days
Aging categories of loans by segment
Total	14		812
Real Estate Mortgages \| Construction \| Past Due 90 Days or More
Aging categories of loans by segment
Total	0		0
Real Estate Mortgages \| Construction \| Current
Aging categories of loans by segment
Total	43,445		39,577
Consumer automobile loans
Aging categories of loans by segment
Total	245,661		244,398
Allowance for credit losses	(2,933)	(2,487)	(2,668)	(2,446)	(2,113)	(1,617)
Consumer automobile loans \| Past Due 30 to 89 Days
Aging categories of loans by segment
Total	2,876		2,748
Consumer automobile loans \| Past Due 90 Days or More
Aging categories of loans by segment
Total	406		307
Consumer automobile loans \| Current
Aging categories of loans by segment
Total	242,379		241,343
Other consumer installment loans
Aging categories of loans by segment
Total	10,065		10,361
Allowance for credit losses	(625)	$ (630)	(702)	$ (680)	$ (682)	$ (109)
Other consumer installment loans \| Past Due 30 to 89 Days
Aging categories of loans by segment
Total	159		620
Other consumer installment loans \| Past Due 90 Days or More
Aging categories of loans by segment
Total	22		11
Other consumer installment loans \| Current
Aging categories of loans by segment
Total	$ 9,884		$ 9,730

Loans - Components of the Allow

Loans - Components of the Allowance (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Allowance for credit losses	$ 11,234	$ 11,542	$ 11,446	$ 11,592	$ 11,734	$ 15,637
ACL - off balance sheet credit exposure	554		1,342
Total ACL	$ 11,788		$ 12,788

Loans - Non-accrual Loans (Deta

Loans - Non-accrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	$ 2,126	$ 21
Without a Related ACL	2,401	977
Non-accrual Loans, Total	4,527	998
Commercial, financial, and agricultural
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	0	0
Without a Related ACL	576	504
Non-accrual Loans, Total	576	504
Real Estate Mortgages \| Residential
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	0	21
Without a Related ACL	230	259
Non-accrual Loans, Total	230	280
Real Estate Mortgages \| Commercial
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	2,126	0
Without a Related ACL	1,595	214
Non-accrual Loans, Total	3,721	214
Real Estate Mortgages \| Construction
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	0	0
Without a Related ACL	0	0
Non-accrual Loans, Total	0	0
Consumer automobile loans
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	0	0
Without a Related ACL	0	0
Non-accrual Loans, Total	0	0
Other consumer installment loans
Financing Receivable, Nonaccrual [Line Items]
With a Related ACL	0	0
Without a Related ACL	0	0
Non-accrual Loans, Total	$ 0	$ 0

Loans - Schedule of Collateral

Loans - Schedule of Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	$ 5,050	$ 1,621
Real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	5,050	1,621
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	0	0
Residential \| Real Estate Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	1,458	1,533
Residential \| Real estate \| Real Estate Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	1,458	1,533
Residential \| Other \| Real Estate Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	0	0
Commercial \| Real Estate Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	3,592	88
Commercial \| Real estate \| Real Estate Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	3,592	88
Commercial \| Other \| Real Estate Mortgages
Financing Receivable, Allowance for Credit Loss [Line Items]
Collateral dependent loans	$ 0	$ 0

Loans - Credit Quality Indicato

Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Credit quality categories
Total	$ 1,865,350		$ 1,865,350		$ 1,838,716
Current period gross write offs
Total	234	$ 455	759	$ 717
Commercial, financial, and agricultural
Credit quality categories
2024 & 2023	14,839		14,839		31,190
2023 & 2022	28,025		28,025		49,798
2022 & 2021	46,902		46,902		35,938
2021 & 2020	33,067		33,067		32,084
2020 & 2019	31,151		31,151		3,123
Prior	28,577		28,577		30,382
Revolving Loans	31,569		31,569		30,107
Revolving Loans Converted to Term	790		790		844
Total	214,920		214,920		213,466
Current period gross write offs
2024 & 2023			0		0
2023 & 2022			40		41
2022 & 2021			62		0
2021 & 2020			0		0
2020 & 2019			0		0
Prior			30		0
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	42	0	132	0	41
Commercial, financial, and agricultural \| Pass
Credit quality categories
2024 & 2023	14,839		14,839		31,190
2023 & 2022	28,025		28,025		49,615
2022 & 2021	46,756		46,756		35,901
2021 & 2020	33,039		33,039		31,980
2020 & 2019	31,134		31,134		3,123
Prior	27,863		27,863		29,502
Revolving Loans	30,931		30,931		29,397
Revolving Loans Converted to Term	76		76		101
Total	212,663		212,663		210,809
Commercial, financial, and agricultural \| Special Mention
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		183
2022 & 2021	146		146		37
2021 & 2020	28		28		19
2020 & 2019	17		17		0
Prior	0		0		138
Revolving Loans	74		74		223
Revolving Loans Converted to Term	0		0		0
Total	265		265		600
Commercial, financial, and agricultural \| Substandard or Lower
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		85
2020 & 2019	0		0		0
Prior	714		714		742
Revolving Loans	564		564		487
Revolving Loans Converted to Term	714		714		743
Total	1,992		1,992		2,057
Real Estate Mortgages \| Residential
Credit quality categories
2024 & 2023	52,377		52,377		135,939
2023 & 2022	122,920		122,920		134,921
2022 & 2021	130,202		130,202		89,117
2021 & 2020	82,101		82,101		51,378
2020 & 2019	48,294		48,294		33,914
Prior	165,380		165,380		150,592
Revolving Loans	59,894		59,894		56,519
Revolving Loans Converted to Term	152,835		152,835		146,121
Total	814,003		814,003		798,501
Current period gross write offs
2024 & 2023			0		0
2023 & 2022			0		0
2022 & 2021			0		0
2021 & 2020			0		0
2020 & 2019			0		0
Prior			4		9
Revolving Loans			0		73
Revolving Loans Converted to Term			0		0
Total	0	3	4	81	82
Real Estate Mortgages \| Residential \| Pass
Credit quality categories
2024 & 2023	52,377		52,377		135,939
2023 & 2022	122,584		122,584		134,077
2022 & 2021	129,368		129,368		88,844
2021 & 2020	81,832		81,832		51,378
2020 & 2019	48,294		48,294		33,914
Prior	163,328		163,328		148,802
Revolving Loans	59,894		59,894		56,519
Revolving Loans Converted to Term	152,776		152,776		146,055
Total	810,453		810,453		795,528
Real Estate Mortgages \| Residential \| Special Mention
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	336		336		844
2022 & 2021	522		522		273
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	93		93		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	951		951		1,117
Real Estate Mortgages \| Residential \| Substandard or Lower
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	312		312		0
2021 & 2020	269		269		0
2020 & 2019	0		0		0
Prior	1,959		1,959		1,790
Revolving Loans	0		0		0
Revolving Loans Converted to Term	59		59		66
Total	2,599		2,599		1,856
Real Estate Mortgages \| Commercial
Credit quality categories
2024 & 2023	18,838		18,838		55,664
2023 & 2022	61,721		61,721		107,791
2022 & 2021	107,233		107,233		131,084
2021 & 2020	126,747		126,747		49,603
2020 & 2019	47,095		47,095		24,163
Prior	163,638		163,638		150,137
Revolving Loans	11,126		11,126		12,338
Revolving Loans Converted to Term	844		844		821
Total	537,242		537,242		531,601
Current period gross write offs
2024 & 2023			0		59
2023 & 2022			0		0
2022 & 2021			0		0
2021 & 2020			0		0
2020 & 2019			0		0
Prior			2		3
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	2	136	2	139	62
Real Estate Mortgages \| Commercial \| Pass
Credit quality categories
2024 & 2023	18,838		18,838		55,664
2023 & 2022	61,536		61,536		107,638
2022 & 2021	107,082		107,082		128,094
2021 & 2020	123,469		123,469		49,603
2020 & 2019	47,095		47,095		24,104
Prior	157,860		157,860		144,377
Revolving Loans	11,126		11,126		12,338
Revolving Loans Converted to Term	844		844		821
Total	527,850		527,850		522,639
Real Estate Mortgages \| Commercial \| Special Mention
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	185		185		153
2022 & 2021	151		151		2,990
2021 & 2020	2,398		2,398		0
2020 & 2019	0		0		0
Prior	1,830		1,830		1,891
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	4,564		4,564		5,034
Real Estate Mortgages \| Commercial \| Substandard or Lower
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	880		880		0
2020 & 2019	0		0		59
Prior	3,948		3,948		3,869
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	4,828		4,828		3,928
Real Estate Mortgages \| Construction
Credit quality categories
2024 & 2023	7,135		7,135		25,494
2023 & 2022	22,484		22,484		6,837
2022 & 2021	6,278		6,278		1,742
2021 & 2020	1,556		1,556		1,302
2020 & 2019	1,234		1,234		392
Prior	4,506		4,506		4,361
Revolving Loans	266		266		261
Revolving Loans Converted to Term	0		0		0
Total	43,459		43,459		40,389
Current period gross write offs
2024 & 2023			0		0
2023 & 2022			0		0
2022 & 2021			0		0
2021 & 2020			0		0
2020 & 2019			0		0
Prior			0		0
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	0	0	0	0	0
Real Estate Mortgages \| Construction \| Pass
Credit quality categories
2024 & 2023	7,135		7,135		25,494
2023 & 2022	22,484		22,484		6,837
2022 & 2021	6,278		6,278		1,742
2021 & 2020	1,556		1,556		1,302
2020 & 2019	1,234		1,234		392
Prior	4,422		4,422		4,272
Revolving Loans	266		266		261
Revolving Loans Converted to Term	0		0		0
Total	43,375		43,375		40,300
Real Estate Mortgages \| Construction \| Special Mention
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Real Estate Mortgages \| Construction \| Substandard or Lower
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	84		84		89
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	84		84		89
Consumer automobile loans
Credit quality categories
2024 & 2023	41,222		41,222		119,922
2023 & 2022	106,267		106,267		78,443
2022 & 2021	65,341		65,341		19,567
2021 & 2020	15,246		15,246		15,348
2020 & 2019	11,065		11,065		7,305
Prior	6,520		6,520		3,813
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	245,661		245,661		244,398
Current period gross write offs
2024 & 2023			4		30
2023 & 2022			217		320
2022 & 2021			133		178
2021 & 2020			23		113
2020 & 2019			42		8
Prior			44		17
Revolving Loans			0		0
Revolving Loans Converted to Term			0		0
Total	127	237	463	330	666
Consumer automobile loans \| Pass
Credit quality categories
2024 & 2023	41,222		41,222		119,922
2023 & 2022	106,267		106,267		78,443
2022 & 2021	65,341		65,341		19,567
2021 & 2020	15,246		15,246		15,348
2020 & 2019	11,065		11,065		7,305
Prior	6,520		6,520		3,813
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	245,661		245,661		244,398
Consumer automobile loans \| Special Mention
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Consumer automobile loans \| Substandard or Lower
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Other consumer installment loans
Credit quality categories
2024 & 2023	1,624		1,624		2,952
2023 & 2022	2,325		2,325		2,188
2022 & 2021	1,669		1,669		1,177
2021 & 2020	966		966		524
2020 & 2019	413		413		407
Prior	3,034		3,034		3,071
Revolving Loans	0		0		0
Revolving Loans Converted to Term	34		34		42
Total	10,065		10,065		10,361
Current period gross write offs
2024 & 2023			50		232
2023 & 2022			66		47
2022 & 2021			18		23
2021 & 2020			2		8
2020 & 2019			0		12
Prior			22		34
Revolving Loans			0		13
Revolving Loans Converted to Term			0		11
Total	63	$ 79	158	$ 167	380
Other consumer installment loans \| Pass
Credit quality categories
2024 & 2023	1,624		1,624		2,952
2023 & 2022	2,325		2,325		2,188
2022 & 2021	1,669		1,669		1,177
2021 & 2020	966		966		524
2020 & 2019	413		413		407
Prior	3,034		3,034		3,071
Revolving Loans	0		0		0
Revolving Loans Converted to Term	34		34		42
Total	10,065		10,065		10,361
Other consumer installment loans \| Special Mention
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	0		0		0
Other consumer installment loans \| Substandard or Lower
Credit quality categories
2024 & 2023	0		0		0
2023 & 2022	0		0		0
2022 & 2021	0		0		0
2021 & 2020	0		0		0
2020 & 2019	0		0		0
Prior	0		0		0
Revolving Loans	0		0		0
Revolving Loans Converted to Term	0		0		0
Total	$ 0		$ 0		$ 0

Loans - Allowance for Credit Lo

Loans - Allowance for Credit Losses on Financing Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 11,542	$ 11,734	$ 11,446	$ 15,637	$ 15,637
Charge-offs	(234)	(455)	(759)	(717)
Recoveries	630	927	775	1,066
Recovery of credit losses	(704)	(614)	(228)	(605)
Ending Balance	11,234	11,592	11,234	11,592	11,446
Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				(3,789)	(3,789)
Commercial, financial, and agricultural
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	3,051	3,862	3,379	1,914	1,914
Charge-offs	(42)	0	(132)	0	(41)
Recoveries	507	856	577	961
Recovery of credit losses	(2,082)	(1,699)	(2,390)	(2,512)
Ending Balance	1,434	3,019	1,434	3,019	3,379
Commercial, financial, and agricultural \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				2,656	2,656
Real Estate Mortgages \| Residential
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	719	1,412	1,200	5,061	5,061
Charge-offs	0	(3)	(4)	(81)	(82)
Recoveries	26	1	28	3
Recovery of credit losses	83	(332)	(396)	(12)
Ending Balance	828	1,078	828	1,078	1,200
Real Estate Mortgages \| Residential \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				(3,893)	(3,893)
Real Estate Mortgages \| Commercial
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	4,646	3,481	3,352	6,110	6,110
Charge-offs	(2)	(136)	(2)	(139)	(62)
Recoveries	0	22	2	25
Recovery of credit losses	759	824	2,051	855
Ending Balance	5,403	4,191	5,403	4,191	3,352
Real Estate Mortgages \| Commercial \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				(2,660)	(2,660)
Real Estate Mortgages \| Construction
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	9	184	145	188	188
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0
Recovery of credit losses	2	(6)	(134)	86
Ending Balance	11	178	11	178	145
Real Estate Mortgages \| Construction \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				(96)	(96)
Consumer automobile loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	2,487	2,113	2,668	1,617	1,617
Charge-offs	(127)	(237)	(463)	(330)	(666)
Recoveries	76	27	120	39
Recovery of credit losses	497	543	608	880
Ending Balance	2,933	2,446	2,933	2,446	2,668
Consumer automobile loans \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				240	240
Other consumer installment loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	630	682	702	109	109
Charge-offs	(63)	(79)	(158)	(167)	(380)
Recoveries	21	21	48	38
Recovery of credit losses	37	56	33	98
Ending Balance	625	680	625	680	702
Other consumer installment loans \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				602	602
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	0	0	0	638	638
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Recovery of credit losses	0	0	0	0
Ending Balance	$ 0	$ 0	$ 0	0	0
Unallocated \| Impact of adopting ASC 326
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance				$ (638)	$ (638)

Loans - Schedule of Concentrati

Loans - Schedule of Concentration Risk (Details) - Owners of rental properties - Financing receivable	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Residential
Concentration Risk [Line Items]
Concentration of loans (as a percent)	18.38%	18.79%
Commercial
Concentration Risk [Line Items]
Concentration of loans (as a percent)	14.31%	14.80%

Net Periodic Benefit Cost-Def_3

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net periodic benefit cost of the domestic non-contributory defined benefit plan
Interest cost	$ 193,000	$ 198,000	$ 386,000	$ 396,000
Expected return on plan assets	(365,000)	(326,000)	(730,000)	(652,000)
Amortization of net loss	15,000	37,000	31,000	74,000
Net periodic benefit	$ (157,000)	$ (91,000)	(313,000)	$ (182,000)
Employer contributions made to the defined benefit plan			$ 0

Stock Purchase Plans (Details)

Stock Purchase Plans (Details) - USD ($)	3 Months Ended		6 Months Ended
Stock Purchase Plans (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Aug. 27, 2015
Stock Purchase Plans
Common shares issued for employee stock purchase plan	$ 26,000	$ 18,000	$ 76,000	$ 39,000
Options, outstanding (in shares)	1,095,500	1,003,000	1,095,500	1,003,000	1,000,000	3,000
Director compensation plan, expense	$ 63,000	$ 66,000	$ 125,000	$ 130,000
Non-Employee Director Compensation Plan
Stock Purchase Plans
Number of shares allowed to be purchased (in shares)	100,000		100,000
Maximum percentage of base compensation			100%
Current percentage of base compensation			50%
Options, outstanding (in shares)	51,605		51,605
Common shares issued for director compensation plan (in shares)			6,457	5,219
Director compensation plan, expense			$ 125,000	$ 130,000
Employee Stock
Stock Purchase Plans
Number of shares allowed to be purchased (in shares)	1,500,000		1,500,000
Purchase price of the shares with respect to market value (as a percent)			95%
Maximum percentage of base compensation			15%
Maximum market value			$ 25,000
Number of shares issued under the plan (in shares)			4,047	1,684

Off-Balance Sheet Risk (Details

Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	6 Months Ended
Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 397,378	$ 406,451
Allowance for credit losses	$ 554	$ 1,342
Commitment to extend credit funded rate	56.40%	54.90%
Historic commitment to extend credit funded rate	53%	51.60%
Commitments to extend credit
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 865,859	$ 855,171
Funded commitments to extend credit
Off Balance Sheet Risk
Contract amounts representing credit risk	488,403	469,684
Remaining unfunded commitments to extend credit
Off Balance Sheet Risk
Contract amounts representing credit risk	377,456	385,487
Standby letters of credit
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 12,893	13,969
Coverage period for instrument (in years)	1 year
Credit exposure from the sale of assets with recourse
Off Balance Sheet Risk
Contract amounts representing credit risk	$ 7,029	6,995
Commitments To Extend Credit, Primarily Commercial Relationships
Off Balance Sheet Risk
Contract amounts representing credit risk		$ 161,037

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Assets (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	$ 3,940	$ 3,943
Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	34,440	15,335
State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	105,334	115,615
Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	56,004	56,032
Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	1,105	1,122
Level I \| U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I \| Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I \| State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I \| Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level I \| Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	1,105	1,122
Level II \| U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	3,940	3,943
Level II \| Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	34,440	15,335
Level II \| State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	105,334	115,615
Level II \| Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	56,004	56,032
Level II \| Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III \| U.S. Government and agency securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III \| Mortgage-backed securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III \| State and political securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III \| Other debt securities
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Level III \| Equity securities
Fair Value Measurements [Abstract]
Total assets, fair value	$ 0	$ 0

Fair Value Measurements - Non-R

Fair Value Measurements - Non-Recurring Assets (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Collateral dependent loans
Fair Value Measurements [Abstract]
Total assets, fair value	$ 4,573	$ 1,621
Collateral dependent loans \| Level I
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Collateral dependent loans \| Level II
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Collateral dependent loans \| Level III
Fair Value Measurements [Abstract]
Total assets, fair value	4,573	1,621
Other real estate owned
Fair Value Measurements [Abstract]
Total assets, fair value	853	853
Other real estate owned \| Level I
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Other real estate owned \| Level II
Fair Value Measurements [Abstract]
Total assets, fair value	0	0
Other real estate owned \| Level III
Fair Value Measurements [Abstract]
Total assets, fair value	$ 853	$ 853

Fair Value Measurements - Signi

Fair Value Measurements - Significant Unobservable Inputs (Details) - Nonrecurring - Level III - Appraisal of collateral - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Collateral dependent loans, fair value	$ 4,573	$ 1,621
Other real estate owned, fair value	$ 853	$ 853
Measurement input, appraised value
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Other real estate owned, measurement input percentage	(0.20)	(0.20)
Measurement input, appraised value \| Minimum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Collateral dependent loans, measurement input	(5.00%)	(15.00%)
Measurement input, appraised value \| Maximum
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Collateral dependent loans, measurement input	(24.00%)	(24.00%)
Measurement input, appraised value \| Weighted Average
Listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
Collateral dependent loans, measurement input	(11.00%)	(31.00%)
Other real estate owned, measurement input percentage	(0.20)	(0.20)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Level I
Financial assets:
Loans held for sale	$ 4,444	$ 3,993
Loans, net	0	0
Financial liabilities:
Time deposits & brokered deposits	0	0
Short-term borrowings	106,407	145,926
Long-term borrowings	0	0
Level II
Financial assets:
Loans held for sale	0	0
Loans, net	0	0
Financial liabilities:
Time deposits & brokered deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	0	0
Level III
Financial assets:
Loans held for sale	0	0
Loans, net	1,806,179	1,806,044
Financial liabilities:
Time deposits & brokered deposits	416,103	382,139
Short-term borrowings	0	0
Long-term borrowings	255,288	251,570
Carrying Value
Financial assets:
Loans held for sale	4,444	3,993
Loans, net	1,855,054	1,828,318
Financial liabilities:
Time deposits & brokered deposits	438,640	384,792
Short-term borrowings	106,407	145,926
Long-term borrowings	257,111	252,598
Fair Value
Financial assets:
Loans held for sale	4,444	3,993
Loans, net	1,806,179	1,806,044
Financial liabilities:
Time deposits & brokered deposits	416,103	382,139
Short-term borrowings	106,407	145,926
Long-term borrowings	$ 255,288	$ 251,570

Stock Options - Narrative (Deta

Stock Options - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands								3 Months Ended		6 Months Ended		106 Months Ended
	Jan. 17, 2024	Jan. 20, 2023	Jan. 18, 2022	Apr. 09, 2021	Mar. 11, 2020	Mar. 15, 2019	Aug. 27, 2015	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jan. 01, 2024	Dec. 31, 2023
Employee Stock Purchase Plan
Options, outstanding (in shares)							3,000	1,095,500	1,003,000	1,095,500	1,003,000	1,095,500		1,000,000
Granted (in shares)							58,125			97,000		1,191,125
Granted (in dollars per share)							$ 28.02			$ 20.85		$ 25.13
Exercisable period (in years)							5 years
Tranche One
Employee Stock Purchase Plan
Options, outstanding (in shares)	64,700	59,500	156,000	156,500	119,300	100,350
Granted (in shares)	64,700	59,500	156,000	156,500	119,300	120,900				64,700
Granted (in dollars per share)	$ 20.85	$ 27.77	$ 24.10	$ 24.23	$ 25.34	$ 28.01
Exercisable period (in years)	3 years	3 years	3 years	3 years	3 years	3 years
Tranche Two
Employee Stock Purchase Plan
Options, outstanding (in shares)	32,300	29,500	78,000	78,000	119,200	99,150
Granted (in shares)	32,300	29,500	78,000	78,000	119,200	119,100				32,300
Granted (in dollars per share)	$ 20.85	$ 27.77	$ 24.10	$ 24.23	$ 25.34	$ 28.01
Exercisable period (in years)	5 years	5 years	5 years	5 years	5 years	5 years
Employee Stock Option
Employee Stock Purchase Plan
Options, outstanding (in shares)													1,000,000
Exercisable period (in years)										10 years
Compensation expense								$ 154	$ 233	$ 427	$ 486
Number of exercisable options (in shares)								478,300		478,300		478,300
Weighted average remaining contractual term (in years)										5 years 1 month 6 days
Employee Stock Option \| Tranche One
Employee Stock Purchase Plan
Exercisable period (in years)										3 years
Employee Stock Option \| Tranche Two
Employee Stock Purchase Plan
Exercisable period (in years)										5 years

Stock Options - Schedule of Sto

Stock Options - Schedule of Stock Options Granted (Details) - $ / shares								6 Months Ended	106 Months Ended
	Jan. 17, 2024	Jan. 20, 2023	Jan. 18, 2022	Apr. 09, 2021	Mar. 11, 2020	Mar. 15, 2019	Aug. 27, 2015	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Employee Stock Purchase Plan
Shares (in shares)							58,125	97,000	1,191,125
Forfeited (in shares)							(26,250)	(1,500)	(66,750)
Exercised (in shares)							(28,875)		(28,875)
Outstanding (in shares)							3,000	1,095,500	1,095,500	1,000,000	1,003,000
Strike price (in dollars per share)							$ 28.02	$ 20.85	$ 25.13
Vesting period (in years)							5 years
Expiration (in years)							10 years
Tranche One
Employee Stock Purchase Plan
Shares (in shares)	64,700	59,500	156,000	156,500	119,300	120,900		64,700
Forfeited (in shares)	0	0	0	0	0	(20,550)
Exercised (in shares)	0	0	0	0	0	0
Outstanding (in shares)	64,700	59,500	156,000	156,500	119,300	100,350
Strike price (in dollars per share)	$ 20.85	$ 27.77	$ 24.10	$ 24.23	$ 25.34	$ 28.01
Vesting period (in years)	3 years	3 years	3 years	3 years	3 years	3 years
Expiration (in years)	10 years	10 years	10 years	10 years	10 years	10 years
Tranche Two
Employee Stock Purchase Plan
Shares (in shares)	32,300	29,500	78,000	78,000	119,200	119,100		32,300
Forfeited (in shares)	0	0	0	0	0	(19,950)
Exercised (in shares)	0	0	0	0	0	0
Outstanding (in shares)	32,300	29,500	78,000	78,000	119,200	99,150
Strike price (in dollars per share)	$ 20.85	$ 27.77	$ 24.10	$ 24.23	$ 25.34	$ 28.01
Vesting period (in years)	5 years	5 years	5 years	5 years	5 years	5 years
Expiration (in years)	10 years	10 years	10 years	10 years	10 years	10 years

Stock Options - Schedule of Opt

Stock Options - Schedule of Options Outstanding (Details) - $ / shares		6 Months Ended	106 Months Ended
	Aug. 27, 2015	Jun. 30, 2024	Jun. 30, 2024
Shares
Outstanding, beginning of year (in shares)		1,000,000
Granted (in shares)	58,125	97,000	1,191,125
Forfeited (in shares)	(26,250)	(1,500)	(66,750)
Expired (in shares)		0
Outstanding, end of period (in shares)	3,000	1,095,500	1,095,500
Exercisable, end of period (in shares)		478,300	478,300
Weighted Average Exercise Price
Outstanding, weighted average exercise price (in dollars per share)		$ 25.55
Granted (in dollars per share)	$ 28.02	20.85	$ 25.13
Forfeited (in dollars per share)		28.01
Expired (in dollars per share)		0
Outstanding, weighted average exercise price (in dollars per share)		25.13	25.13
Exercisable, end of period (in dollars per share)		$ 26.11	$ 26.11

Stock Options - Fair Value Assu

Stock Options - Fair Value Assumptions (Details)	6 Months Ended
Stock Options - Fair Value Assumptions (Details)	Jun. 30, 2024 $ / shares
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	3.87%
Expected volatility	32%
Expected Annual dividend (in dollars per share)	$ 1.28
Expected life	6 years 9 months 29 days
Weighted average grant date fair value per option (in dollars per share)	$ 3.73

Reclassification of Comparati_2

Reclassification of Comparative Amounts (Details)	6 Months Ended
Reclassification of Comparative Amounts (Details)	Jun. 30, 2024 USD ($)
Reclassification of Comparative Amounts
Effect of reclassification adjustment on net income or shareholders' equity	$ 0

Uncategorized Items - pwod-2024

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]