ENB FINANCIAL CORP, 10-K filed on 3/21/2025
Annual Report
v3.25.1
Cover - USD ($)
 12 Months Ended
Dec. 31, 2024
Mar. 11, 2025
Jun. 30, 2024
Document Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Transition Report false    
Document Financial Statement Error Correction [Flag] false    
Entity Interactive Data Current Yes    
ICFR Auditor Attestation Flag false    
Amendment Flag false    
Document Period End Date Dec. 31, 2024    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Documents Incorporated by Reference [Text Block]

The Registrant’s Definitive Proxy Statement for its 2025 Annual Meeting of Shareholders to be held on May 6, 2025, is incorporated into Parts III and IV hereof.

    
Entity Information [Line Items]      
Entity Registrant Name ENB Financial Corp    
Entity Central Index Key 0001437479    
Entity File Number 000-53297    
Entity Tax Identification Number 51-0661129    
Entity Incorporation, State or Country Code PA    
Current Fiscal Year End Date --12-31    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Shell Company false    
Entity Filer Category Non-accelerated Filer    
Entity Small Business true    
Entity Emerging Growth Company false    
Entity Public Float     $ 45,309,124
Entity Contact Personnel [Line Items]      
Entity Address, Address Line One 31 E. Main St    
Entity Address, City or Town Ephrata    
Entity Address, Country PA    
Entity Address, Postal Zip Code 17522    
Entity Phone Fax Numbers [Line Items]      
City Area Code (717)    
Local Phone Number 733-4181    
Entity Listings [Line Items]      
Title of 12(g) Security Common Stock, Par Value $0.10 Per Share    
Entity Common Stock, Shares Outstanding   5,655,270  
v3.25.1
Audit Information
 12 Months Ended
Dec. 31, 2024
Auditor [Table]  
Auditor Name S.R. Snodgrass, P.C.
Auditor Firm ID 74
Auditor Location Conshohocken, Pennsylvania
Auditor Opinion [Text Block]

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets ENB Financial Corp and subsidiaries (the “Company”) as of December 31, 2024 and 2023; the related consolidated statements of income, comprehensive income, changes in stockholders’ equity, and cash flows for the years then ended; and the related notes to the consolidated financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 7,794 $ 29,519
Interest-bearing deposits in other banks 61,115 59,477
Total cash and cash equivalents 68,909 88,996
Securities available for sale (at fair value, net of allowance for credit losses of $0) 616,430 459,569
Equity securities (at fair value) 9,710 9,451
Loans held for sale 3,996 352
Loans (net of unearned income) 1,427,269 1,360,078
Less: Allowance for credit losses 16,122 15,176
Net loans 1,411,147 1,344,902
Premises and equipment 27,897 25,284
Regulatory stock 10,789 8,540
Bank owned life insurance 36,014 35,632
Other assets 34,939 28,098
Total assets 2,219,831 2,000,824
Liabilities:    
Noninterest-bearing 631,711 611,968
Interest-bearing 1,258,732 1,114,830
Total deposits 1,890,443 1,726,798
Short-term borrowings 60,000
Long-term debt 83,822 101,228
Subordinated debt 39,716 39,556
Other liabilities 14,866 13,588
Total liabilities 2,088,847 1,881,170
Stockholders' equity:    
Common stock, par value $0.10 Shares: Authorized 24,000,000 Issued 5,739,114 and Outstanding 5,655,270 as of 12/31/24, 5,670,054 as of 12/31/23 574 574
Capital surplus 3,957 4,072
Retained earnings 162,006 150,596
Accumulated other comprehensive loss, net of tax (34,143) (34,355)
Less: Treasury stock cost on 83,844 shares as of 12/31/24 and 69,060 shares as of 12/31/23 (1,410) (1,233)
Total stockholders' equity 130,984 119,654
Total liabilities and stockholders' equity $ 2,219,831 $ 2,000,824
v3.25.1
Consolidated Balance Sheets (Parentheticals) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Net of allowance for credit losses (in Dollars) $ 0 $ 0
Common stock, par value (in Dollars per share) $ 0.1 $ 0.1
Common stock, shares authorized 24,000,000 24,000,000
Common stock, shares issued 5,739,114 5,739,114
Common stock, shares outstanding 5,655,270 5,670,054
Less: Treasury stock shares 83,844 69,060
v3.25.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income:    
Interest and fees on loans $ 73,057 $ 61,235
Interest on securities available for sale    
Taxable 13,490 11,648
Tax-exempt 2,824 3,001
Interest on deposits at other banks 2,183 890
Dividend income 1,314 1,103
Total interest and dividend income 92,868 77,877
Interest expense:    
Interest on deposits 30,414 18,766
Interest on borrowings 5,713 5,072
Total interest expense 36,127 23,838
Net interest income 56,741 54,039
Provision for credit losses 1,015 520
Net interest income after provision for credit losses 55,726 53,519
Other income:    
Trust and investment services income 3,665 2,883
Service fees 5,864 4,746
Commissions 4,076 3,618
Losses on sale of debt securities, net (97) (1,371)
Gain (losses) on equity securities, net 256 (125)
Gains on sale of mortgages 1,826 767
Earnings on bank-owned life insurance 1,259 958
Other income 1,281 1,223
Total other income 18,130 12,699
Operating expenses:    
Salaries and employee benefits 34,043 30,152
Occupancy 3,333 3,259
Equipment 1,298 1,302
Advertising & marketing 1,152 1,404
Computer software & data processing 6,264 6,891
Shares tax 1,376 1,167
Professional services 3,277 3,198
Other expense 4,488 4,034
Total operating expenses 55,231 51,407
Income before income taxes 18,625 14,811
Provision for federal income taxes 3,308 2,436
Net income $ 15,317 $ 12,375
Earnings per share of common stock (basic) (in Dollars per share) $ 2.71 $ 2.19
Earnings per share of common stock (diluted) (in Dollars per share) 2.71 2.19
Cash dividends paid per share (in Dollars per share) $ 0.69 $ 0.68
Weighted average shares outstanding (in Shares) 5,658,146 5,644,486
v3.25.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net income $ 15,317 $ 12,375
Securities available for sale not other-than-temporarily impaired:    
Unrealized (losses) gains arising during the period (33) 16,271
Income tax effect 7 (3,417)
Total (26) 12,854
Reclassification adjustment for losses included in net income 97 1,371
Income tax effect (20) (288)
Total 77 1,083
Derivative and hedging activities adjustment:    
Changes in unrealized holding gains on derivatives 204
Income tax effect (43)
Total 161
Other comprehensive income, net of tax 212 13,937
Comprehensive Income $ 15,529 $ 26,312
v3.25.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Capital Surplus
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Total
Balances at Dec. 31, 2022 $ 574 $ 4,437 $ 142,677 $ (48,292) $ (2,061) $ 97,335
Cumulative effect of adoption of ASU 2016-13 (619) (619)
Net income 12,375 12,375
Other comprehensive income, net of tax 13,937 13,937
Stock-based compensation expense 62 62
Treasury stock purchased (572) (572)
Treasury stock issued (427) 1,400 973
Cash dividends paid, per share (3,837) (3,837)
Balances at Dec. 31, 2023 574 4,072 150,596 (34,355) (1,233) 119,654
Net income 15,317 15,317
Other comprehensive income, net of tax 212 212
Stock-based compensation expense 61 61
Treasury stock purchased (1,318) (1,318)
Treasury stock issued (176) 1,141 965
Cash dividends paid, per share (3,907) (3,907)
Balances at Dec. 31, 2024 $ 574 $ 3,957 $ 162,006 $ (34,143) $ (1,410) $ 130,984
v3.25.1
Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]    
Treasury stock purchased, shares 82,169 40,134
Treasury stock issued, shares 67,385 74,655
Cash dividends paid, per share (in Dollars per share) $ 0.69 $ 0.68
v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 15,317 $ 12,375
provided by operating activities:    
Net amortization of securities premiums and discounts and loan fees 3,537 4,689
Increase in interest receivable (1,608) (459)
Increase in interest payable 966 1,606
Provision for credit losses 1,015 520
Losses on the sale of debt securities, net 97 1,371
(Gains) Losses on equity securities, net (256) 125
Gains on sale of mortgages (1,826) (767)
Loans originated for sale (62,957) (31,532)
Proceeds from sales of loans 61,139 37,874
Earnings on bank-owned life insurance (1,259) (958)
Depreciation of premises and equipment and amortization of software 2,089 2,004
Deferred income tax 272 168
Amortization of deferred fees on subordinated debt 160 160
Stock-based compensation expense 61 62
Other assets and other liabilities, net (932) 2,909
Net cash provided by operating activities 15,815 30,147
Cash flows from investing activities:    
Proceeds from maturities, calls, and repayments 47,871 31,865
Proceeds from sales 5,019 61,089
Purchases (217,030) (11,433)
Equity securities    
Proceeds from sales 781
Purchases (783) (458)
Purchase of regulatory bank stock (3,077) (3,001)
Redemptions of regulatory bank stock 828 1,131
Proceeds from bank-owned life insurance 741 2,078
Net increase in loans (67,375) (169,502)
Purchases of premises and equipment, net (4,305) (1,552)
Purchase of computer software (551) (533)
Net cash used for investing activities (237,881) (90,316)
Cash flows from financing activities:    
Net increase (decrease) in demand, NOW, and savings accounts 65,890 (112,033)
Net increase in time deposits 97,755 199,873
Proceeds (repayments) from short-term borrowings, net 60,000 (16,000)
Proceeds from long-term debt 57,005
Repayments of long-term debt (17,406) (13,816)
Dividends paid (3,907) (3,837)
Proceeds from sale of treasury stock 965 973
Treasury stock purchased (1,318) (572)
Net cash provided by financing activities 201,979 111,593
(Decrease) increase in cash and cash equivalents (20,087) 51,424
Cash and cash equivalents at beginning of period 88,996 37,572
Cash and cash equivalents at end of period 68,909 88,996
Supplemental disclosures of cash flow information:    
Interest paid 35,161 22,232
Income taxes paid 3,200 2,000
Supplemental disclosure of non-cash investing and financing activities:    
Fair value adjustments for securities available for sale (3,760) (17,642)
Death benefits receivable on BOLI $ 2,083
v3.25.1
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Nature of Operations

ENB Financial Corp, (“the Corporation”) through its wholly owned subsidiary, Ephrata National Bank, provides financial services to Northern Lancaster County and surrounding communities. ENB Financial Corp, a bank holding company, was formed on July 1, 2008, to become the parent company of Ephrata National Bank, which existed as a stand-alone national bank since its formation on April 11, 1881. The Corporation’s wholly owned subsidiary, Ephrata National Bank, offers a full array of banking services including loan and deposit products for both personal and commercial customers, as well as trust and investment services, through thirteen full-service office locations. The Bank has one subsidiary, ENB Insurance, which is a full-service insurance agency that offers a broad range of insurance products to commercial and personal clients. ENB Insurance is managed separately from the banking and related financial services that the Corporation offers.

 

Basis of Presentation

The consolidated financial statements of ENB Financial Corp and its subsidiary, Ephrata National Bank, (collectively “the Corporation”) conform to U.S. generally accepted accounting principles (GAAP). The preparation of these statements requires that management make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Material estimates of the Corporation, including the allowance for credit losses, are evaluated regularly by management. Actual results could differ from the reported estimates given different conditions or assumptions. Certain items previously reported have been reclassified to conform to the current period’s reporting format. Such reclassifications did not affect net income or stockholders’ equity.

 

The accounting and reporting policies followed by the Corporation conform with U.S. GAAP and to general practices within the banking industry. All significant intercompany transactions have been eliminated in consolidation. The following is a summary of the more significant policies.

 

Accounting Pronouncements Adopted in 2024

 

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.  ASU 2023-07 became effective for our annual financial statements in 2024 (See Note V - Operating Segments) and will be effective for interim periods within fiscal 2025.

 

Cash and Cash Equivalents

For purposes of reporting cash flows, cash and cash equivalents are identified as cash and due from banks and include cash on hand, collection items, amounts due from banks, and interest bearing deposits in other banks with maturities of less than 90 days.

 

Investment Securities

Management classifies its debt securities at the time of purchase as available for sale (AFS) or held to maturity (HTM). At December 31, 2024 and 2023, all debt securities were classified as AFS, meaning that the Corporation intends to hold them for an indefinite period of time, but not necessarily to maturity. AFS debt securities are stated at estimated fair value, adjusted for amortization of premiums and accretion of discounts which are recognized as adjustments of interest income through call date or maturity. The related unrealized gains and losses are reported as other comprehensive income or loss, net of tax, until realized.

 

Allowance for Credit Losses- Available for Sale Securities

The Corporation is required to conduct a credit loss evaluation on AFS securities to determine whether the Corporation has the intent to sell the security or it is more likely than not that it will be required to sell the security before recovery. If these situations apply, the guidance requires the Corporation to reduce the security's amortized cost basis down to its fair value through earnings. The Corporation also evaluates the unrealized losses on AFS securities to determine if a security's decline in fair value below its amortized cost basis is due to credit factors. The evaluation is based upon factors such as the creditworthiness of the underlying borrowers, performance of the underlying collateral, if applicable, and the level of credit support in the security structure. Management also evaluates other factors and circumstances that may be indicative of a decline in the fair value of the security due to a credit factor.

This includes, but is not limited to, an evaluation of the type of security, and extent to which the fair value has been less than amortized cost, and near-term prospects of the issuer. If this assessment indicates that a credit loss exists, the present value of the expected cash flows of the security is compared to the amortized cost basis of the security. Under ASC 326, if the present value of the cash flows expected to be collected is less than the amortized cost, an allowance for credit losses (ACL) is recorded, which is limited by the amount that the fair value is less than the amortized cost. Any additional amount of loss would be due to non-credit factors and is recorded in accumulated other comprehensive income (AOCI), net of tax. If a credit loss is recognized in earnings, subsequent improvements to the expectation of collectability will be recognized through the ACL. If the fair value of the security increases above its amortized cost, the unrealized gain will be recorded in AOCI, net of tax, on the consolidated statements of financial condition.

 

Equity Securities

Equity securities include common stocks of public companies and a Community Reinvestment Act-qualified mutual fund that the Corporation has the intent and ability to hold for an indeterminate amount of time. Such securities are reported at fair value with changes in unrealized holding gains and losses recognized through earnings on a monthly basis.

 

Loans Held for Investment

Loans receivable, that management has the intent and ability to hold for the foreseeable future, or until maturity or payoff, generally are reported at the outstanding principal balances, reduced by any charge-offs and net of any deferred loan origination fees or costs. Net loan origination fees and costs are deferred and recognized as an adjustment of yield over the contractual life of the loan.

 

Interest accrues daily on outstanding loan balances. Generally, the accrual of interest discontinues when the ability to collect the loan becomes doubtful or when a loan becomes more than 90 days past due as to principal and interest. These loans are referred to as non-accrual loans. Management may elect to continue the accrual of interest based on the expectation of future payments and/or the sufficiency of the underlying collateral.

 

Loans Held for Sale

Loans originated and intended for sale on the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. In general, fixed-rate residential mortgage loans originated by the Corporation and held for sale are carried in the aggregate at the lower of cost or market. The Corporation originates loans for immediate sale with servicing retained and servicing released to several investors. However, the vast majority of the sold mortgages are sold to the Federal Home Loan Bank of Pittsburgh (FHLB) and Fannie Mae, with servicing retained.  As a result, the Corporation has a growing portfolio of mortgages that are serviced on behalf of FHLB and Fannie Mae.  In addition, the Corporation originates FHA, VA, and USDA mortgages which are originated for immediate sale to various investors on a service-released basis.

 

Allowance for Credit Losses-Loans

The allowance for credit losses (ACL) is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans.  Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.

 

The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers historical loss experience, current conditions, and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period.

 

The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans.

 

The ACL is measured on a collective (pool) basis when similar risk characteristics exist. The Corporation measures the ACL using the following methods.  Historical credit loss experience is the basis for the estimation of expected credit losses. The Corporation applies historical loss rates to pools of loans with similar risk characteristics.

After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Reasonable and supportable forecast adjustment is based on the unemployment forecast,  BBB Rated Corporate Bond Spread, GDP Growth, Retail Sales, Asset Prices, and Management Judgement. The reasonable and supportable period is the life of the loan as credit loss models used produce reasonable estimates of losses over the life of the loan.   The qualitative adjustments for current conditions are based upon changes in lending policies and procedures, loan portfolio trends, lending management experience, asset quality, loan review, underlying collateral, credit concentrations, and external factors.  These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve.

 

The Corporation has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income.

 

The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial loans that meet the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, 3) when it is determined by management that a loan does not share similar risk characteristics with other loans.  Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance.

 

In terms of the Corporation’s loan portfolio, Consumer loans are deemed to have the most risk and therefore carry a higher qualitative adjustment than other portfolio segments.  These loans are highly dependent on their financial condition and therefore are more dependent on economic conditions. Business loans are considered to have more risk than the Agriculture, Home Equity, and Residential Real Estate loans as these loans have accounted for higher levels of charge-offs.  The Corporation’s Non-Owner Occupied CRE portfolio has performed well historically with no losses in the look-back period.  Overall, the Corporation has historically experienced very low levels of delinquencies, non-accrual loans, and charge-offs. Qualitative factors are set and adjusted accordingly. 

 

Non-Accrual Loans

Management will place a business or commercial loan on non-accrual status when it is determined that the loan is impaired, or when the loan is 90 days past due. These customers will generally be placed on non-accrual status at the end of each quarter. Consumer loans over 90 days delinquent are generally charged off, or in the case of residential real estate loans the Corporation will seek to bring the customer current or pursue foreclosure options. When the borrower is on non-accrual, the Corporation will reverse any accrued interest on the books and will discontinue recognizing any interest income until the borrower is placed back on accrual status or fully pays off the loan balance plus any accrued interest. Payments received by the customer while the loan is on non-accrual are fully applied against principal. The Corporation maintains records of the full amount of interest that is owed by the borrower. A non-accrual loan will generally only be placed back on accrual status after the borrower has become current and has demonstrated six consecutive months of non-delinquency.

 

Allowance for Off-Balance Sheet Extensions of Credit

The Corporation maintains an allowance for off-balance sheet extensions of credit, which would include any unadvanced amount on lines of credit and any letters of credit provided to borrowers.  The allowance is carried as a liability and is included in other liabilities on the Corporation’s Consolidated Balance Sheets.  The liability was $1,323,000 as of December 31, 2024, and $1,325,000 as of December 31, 2023.  As the unadvanced portion of lines of credit increases, this provision will increase.  

 

Management follows the same methodology as the allowance for credit losses when calculating the allowance for off-balance sheet extensions of credit. The unadvanced amounts for each loan segment are broken down by credit classification.  A historical loss ratio and qualitative factors are calculated for each credit classification by loan type.  The historical loss ratio and qualitative factor are combined to produce an adjusted loss ratio, which is multiplied by the amount at risk for each credit classification within each loan segment to arrive at an allocation.  The allocations are summed to arrive at the total allowance for off-balance sheet extensions of credit.

Other Real Estate Owned (OREO)

OREO represents properties acquired through customer loan defaults. These properties are recorded at the lower of cost or fair value less projected disposal costs at acquisition date. Fair value is determined by current appraisals. Costs associated with holding OREO are charged to operational expense. OREO is a component of other assets on the Corporation’s Consolidated Balance Sheets. The Corporation had no OREO as of December 31, 2024, or December 31, 2023.

 

Mortgage Servicing Rights (MSRs)

The Corporation has agreements for the express purpose of selling residential mortgage loans on the secondary market, referred to as mortgage servicing rights. The Corporation maintains all servicing rights for loans currently sold through FHLB and Fannie Mae. The Corporation had $2,364,000 of MSRs as of December 31, 2024, compared to $2,151,000 as of December 31, 2023. The value of MSRs increased during 2024 as valuation of new assets outpaced amortization on existing assets. The value of newly originated MSRs is determined by estimating the life of the mortgage and how long the Corporation will have access to the servicing income stream to determine the relative fair value. The Corporation utilizes a third party that calculates the MSR valuation on a quarterly basis.

A longer estimated life would increase the MSR valuation, while a shorter estimated life would decrease the value of the MSR. Management records the MSR value based on the third-party reporting. Ultimately the value of the MSRs would be at what level a willing buyer and seller would exchange the MSRs. MSRs are amortized in proportion to the estimated servicing income over the estimated life of the servicing portfolio. Impairment is evaluated based on the fair value of the rights, portfolio interest rates, and prepayment characteristics. MSRs are a component of other assets on the Consolidated Balance Sheets.

 

The following chart provides the activity of the Corporation’s mortgage servicing rights for the years ended December 31, 2024 and 2023.

 

MORTGAGE SERVICING RIGHTS

(DOLLARS IN THOUSANDS)

   December 31,
   2024  2023
   $  $
       
Beginning Balance   2,151    2,030 
Additions   584    247 
Amortization   (294)   (64)
Disposals   (77)   (62)
           
Ending Balance   2,364    2,151 

 

Premises and Equipment

Land is carried at cost. Premises and equipment are carried at cost, less accumulated depreciation. Book depreciation is computed using straight-line methods over the estimated useful lives of generally fifteen to thirty-nine years for buildings and improvements and four to ten years for furniture and equipment. Maintenance and repairs of property and equipment are charged to operational expense as incurred, while major improvements are capitalized. Net gains or losses upon disposition are included in other income or operational expense, as applicable.

 

Transfer of Assets

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered.  Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Bank-Owned Life Insurance (BOLI)

BOLI is carried by the Corporation at the cash surrender value of the underlying policies. Income earned on the policies is based on any increase in cash surrender value less the cost of the insurance, which varies according to age and health of the insured. The life insurance policies owned by the Corporation had a cash surrender value of $36,014,000 and $35,632,000 as of December 31, 2024, and 2023, respectively.

 

Leases

The Corporation has operating leases for several branch locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Corporation may also lease certain office equipment under operating leases. Many of the Corporation’s leases include both lease (e.g., minimum rent payments) and non-lease components (e.g., common-area or other maintenance costs). The Corporation accounts for each component separately based on the standalone price of each component. In addition, there are several operating leases with lease terms of less than one year and therefore, we have elected the practical expedient to exclude these short-term leases from our right of use assets and lease liabilities.

 

Most leases include one or more options to renew. The exercise of lease renewal options is typically at the sole discretion of management and is based on whether the extension options are reasonably certain to be exercised after giving proper consideration to all facts and circumstances of the lease. If management determines that the Corporation is reasonably certain to exercise the extension option(s), the additional term is included in the calculation of the lease liability.

 

As most of the leases do not provide an implicit rate, the Corporation uses the fully collateralized FHLB borrowing rate, commensurate with the lease terms based on the information available at the lease commencement date in determining the present value of the lease payments.

 

Advertising Costs

The Corporation expenses advertising costs as incurred.

 

Income Taxes

An asset and liability approach is followed for financial accounting and reporting for income taxes. Accordingly, a net deferred tax asset or liability is recorded in the consolidated financial statements for the tax effects of temporary differences, which are items of income and expense reported in different periods for income tax and financial reporting purposes. Deferred tax expense is determined by the change in the assets or liabilities related to deferred income taxes. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.

 

Earnings per Share

Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period less any unvested restricted shares. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Corporation relate solely to outstanding stock options and are determined using the treasury stock method. Treasury shares are not deemed outstanding for earnings per share calculations.

 

Comprehensive Income (Loss)

The Corporation is required to present comprehensive income (loss) in a full set of general-purpose consolidated financial statements for all periods presented. Other comprehensive income (loss) consists of unrealized holding gains and losses on the available for sale securities portfolio.

 

Segment Disclosure

U.S. generally accepted accounting principles establish standards for the manner in which public business enterprises report information about segments in the annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports issued to shareholders. It also establishes standards for related disclosures regarding financial products and services, geographic areas, and major customers. Operating segments are aggregated into one segment, as operating results for all segments are similar. Accordingly, all the financial service operations are considered by management to be aggregated in one reportable operating segment, Community Banking.

Retirement Plans

The Corporation provides an optional 401(k) plan, in which employees may elect to defer pre-tax salary dollars, subject to the maximum annual Internal Revenue Service contribution amounts.  The Corporation will match 50% of employee contributions up to 5%, limiting the match to 2.5%.

 

As part of the 401(k) Plan, the Corporation also has a noncontributory Profit Sharing Plan which covers substantially all employees. The Corporation provides a 3% non-elective contribution to all employees and contributes a 2% elective contribution to all employees aged 21 or older who work 1,000 or greater hours in a calendar year and have completed at least one full year of employment. 

 

Trust Assets and Income

Assets held by ENB’s Wealth Solutions Group in a fiduciary or agency capacity for customers are not included in the Corporation’s Consolidated Balance Sheets since these items are not assets of the Corporation. Trust income is reported in the Corporation’s Consolidated Statements of Income under other income.

 

Revenue from Contracts with Customers

The Corporation records revenue from contracts with customers in accordance with Accounting Standards Topic 606, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Corporation must identify contracts with customers, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when the Corporation satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods.

 

The Corporation’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The Corporation has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Corporation generally fully satisfies its performance obligations on its contracts with customers as

services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers.

 

Reclassification of Comparative Amounts

Certain comparative amounts for the prior year have been reclassified to conform to current-year classifications. Such reclassifications had no material effect on net income or stockholders’ equity.

 

Recently Issued Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which provides for improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information.  This guidance is effective for public business entities for annual period beginning after December 15, 2024.  The adoption of ASU 2023-09 is not expected to have a significant impact on the Corporation’s consolidated financial statements.

 

In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures. This ASU requires disclosure in the notes to financial statements of specified information about certain costs and expenses. Specific disclosures are required for (a) purchases of inventory, (b) employee compensation, (c) depreciation, (d) intangible asset amortization, and (e) depreciation, depletion, and amortization recognized as part of oil and gas producing activities. The amendments in this Update do not change or remove current expense disclosure requirements. However, the amendments affect where this information appears in the notes to financial statements because entities are required to include certain current disclosures in the same tabular format disclosure as the other disaggregation requirements in the amendments. The amendments in ASU 2024-03 apply only to public business entities and are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted.  The Corporation is currently evaluating the impact of this new guidance on its financial statements.
v3.25.1
Securities
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
SECURITIES

NOTE B - SECURITIES

(DOLLARS IN THOUSANDS)

 

DEBT SECURITIES

 

The amortized cost, gross unrealized gains and losses, estimated fair value, and allowance for credit losses of investment securities held at December 31, 2024 are as follows:

 

      Gross  Gross  Allowance   
   Amortized  Unrealized  Unrealized  for Credit  Fair
   Cost  Gains  Losses  Losses  Value
   $  $  $  $  $
                
December 31, 2024                         
U. S. Treasuries   19,900    
—
    (1,438)   
—
    18,462 
U.S. government agencies   19,400    
—
    (1,333)   
—
    18,067 
U.S. agency mortgage-backed securities   38,000    
—
    (3,120)   
—
    34,880 
U.S. agency collateralized mortgage obligations   116,272    
—
    (5,277)   
—
    110,995 
Non-agency MBS/CMO   152,096    16    (6,901)   
—
    145,211 
Asset-backed securities   57,543    123    (398)   
—
    57,268 
Corporate bonds   57,423    
—
    (4,351)   
—
    53,072 
Obligations of states and political subdivisions   203,044    
—
    (24,569)   
—
    178,475 
Total securities available for sale   663,678    139    (47,387)   
—
    616,430 

 

The amortized cost, gross unrealized gains and losses, and estimated fair value of investment securities held at December 31, 2023, are as follows:

 

      Gross  Gross  Allowance   
   Amortized  Unrealized  Unrealized  for Credit  Fair
   Cost  Gains  Losses  Losses  Value
   $  $  $  $  $
Decmber 31, 2023                         
U. S. Treasuries   19,869    
—
    (1,710)   
—
    18,159 
U.S. government agencies   19,400    
—
    (1,862)   
—
    17,538 
U.S. agency mortgage-backed securities   43,753    
—
    (3,597)   
—
    40,156 
U.S. agency collateralized mortgage obligations   21,841    
—
    (2,004)   
—
    19,837 
Non-agency MBS/CMO   59,281    22    (3,116)   
—
    56,187 
Asset-backed securities   66,391    20    (1,106)   
—
    65,305 
Corporate bonds   61,122    
—
    (6,118)   
—
    55,004 
Obligations of states and political subdivisions   211,400    1    (24,018)   
—
    187,383 
Total securities available for sale   503,057    43    (43,531)   
—
    459,569 

The amortized cost and fair value of debt securities available for sale at December 31, 2024, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due to certain call or prepayment

provisions.

 

CONTRACTUAL MATURITY OF DEBT SECURITIES

(DOLLARS IN THOUSANDS)

   Amortized   
   Cost  Fair Value
   $  $
Due in one year or less   15,722    15,617 
Due after one year through five years   94,752    87,858 
Due after five years through ten years   72,702    62,796 
Due after ten years   480,502    450,159 
Total debt securities   663,678    616,430 

 

Securities available for sale with a par value of $110,232,000 and $117,525,000 at December 31, 2024 and 2023, respectively, were pledged or restricted for public funds, borrowings, or other purposes as required by law. The fair market value of these pledged securities was $102,957,000 at December 31, 2024, and $109,651,000 at December 31, 2023.

 

Proceeds from active sales of debt securities available for sale, along with the associated gross realized gains and gross realized losses, are shown below. Realized gains and losses are computed on the basis of specific identification.

 

PROCEEDS FROM SALES OF SECURITIES AVAILABLE FOR SALE

(DOLLARS IN THOUSANDS)

   Securities Available for Sale
   2024  2023
   $  $
Proceeds from sales   5,019    61,089 
Gross realized gains   
—
    4 
Gross realized losses   97    1,375 

Information pertaining to securities with gross unrealized losses for which an allowance for credit losses has not been recorded at December 31, 2024, and December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position follows:

 

UNREALIZED LOSSES OF SECURITIES

(DOLLARS IN THOUSANDS)  

   Less than 12 months  More than 12 months  Total
      Gross     Gross     Gross
   Fair  Unrealized  Fair  Unrealized  Fair  Unrealized
   Value  Losses  Value  Losses  Value  Losses
   $  $  $  $  $  $
As of December 31, 2024                  
U.S. Treasuries   
—
    
—
    18,462    (1,438)   18,462    (1,438)
U.S. government agencies   
—
    
—
    18,067    (1,333)   18,067    (1,333)
U.S. agency mortgage-backed securities   
—
    
—
    34,880    (3,120)   34,880    (3,120)
U.S. agency collateralized mortgage obligations   93,239    (3,584)   17,756    (1,693)   110,995    (5,277)
Non-Agency MBS/CMO   107,316    (4,930)   33,606    (1,971)   140,922    (6,901)
Asset-backed securities   4,938    (39)   26,376    (359)   31,314    (398)
Corporate bonds   
—
    
—
    53,072    (4,351)   53,072    (4,351)
Obligations of states & political subdivisions   1,639    (400)   176,806    (24,169)   178,445    (24,569)
Total unrealized losses   207,132    (8,953)   379,025    (38,434)   586,157    (47,387)
                               
As of December 31, 2023                              
U.S. Treasuries   
—
    
—
    18,159    (1,710)   18,159    (1,710)
U.S. government agencies   
—
    
—
    17,538    (1,862)   17,538    (1,862)
U.S. agency mortgage-backed securities   
—
    
—
    40,147    (3,597)   40,147    (3,597)
U.S. agency collateralized mortgage obligations   
—
    
—
    19,837    (2,004)   19,837    (2,004)
Non-Agency MBS/CMO   11,189    (119)   41,966    (2,997)   53,155    (3,116)
Asset-backed securities   2,661    (47)   57,049    (1,059)   59,710    (1,106)
Corporate bonds   
—
    
—
    55,004    (6,118)   55,004    (6,118)
Obligations of states & political subdivisions   
—
    
—
    186,819    (24,018)   186,819    (24,018)
Total unrealized losses   13,850    (166)   436,519    (43,365)   450,369    (43,531)

 

In the debt security portfolio, there are 318 positions carrying unrealized losses as of December 31, 2024. There were no instruments with an allowance for credit losses at December 31, 2024.

 

The Corporation evaluates fixed income positions for an allowance for credit losses at least on a quarterly basis, and more frequently when economic and market concerns warrant such evaluation. The Corporation does not intend to sell the securities in an unrealized loss position and is unlikely to be required to sell these securities before a recovery of fair value, which may be maturity. The Corporation concluded that the decline in fair value of these securities was not indicative of a credit loss. No securities in the portfolio required an allowance for credit losses to be recorded during the year ended December 31, 2024 or 2023.

EQUITY SECURITIES

 

The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of equity securities held at December 31, 2024 and December 31, 2023.

 

      Gross  Gross   
(DOLLARS IN THOUSANDS)  Amortized  Unrealized  Unrealized  Fair
   Cost  Gains  Losses  Value
   $  $  $  $
December 31, 2024                    
CRA-qualified mutual funds   8,517    
—
    
—
    8,517 
Bank stocks   1,233    101    (141)   1,193 
Total equity securities   9,750    101    (141)   9,710 

 

      Gross  Gross   
(DOLLARS IN THOUSANDS)  Amortized  Unrealized  Unrealized  Fair
   Cost  Gains  Losses  Value
   $  $  $  $
December 31, 2023                    
CRA-qualified mutual funds   7,734    
—
    
—
    7,734 
Bank stocks   1,754    144    (181)   1,717 
Total equity securities   9,488    144    (181)   9,451 

 

The following table presents the net gains and losses on the Corporation’s equity investments recognized in earnings during the year ended December 31, 2024 and 2023, and the portion of unrealized gains and losses for the periods that relates to equity investments held as of December 31, 2024 and 2023.

  

NET GAINS AND LOSSES ON EQUITY INVESTMENTS RECOGNIZED IN EARNINGS

(DOLLARS IN THOUSANDS)  

   Year Ended  Year Ended
   December 31,
2024		  December 31,
2023
   $  $
       
Net gains (losses) recognized in equity securities during the period   256    (125)
           
Less:  Net gains realized on the sale of equity securities during the period   259    
—
 
           
Unrealized losses recognized in equity securities held at reporting date   (3)   (125)
v3.25.1
Loans and Allowance for Credit Losses
 12 Months Ended
Dec. 31, 2024
Loans and Allowance For Credit Losses [Abstract]  
LOANS AND ALLOWANCE FOR CREDIT LOSSES

NOTE C - LOANS AND ALLOWANCE FOR CREDIT LOSSES

 

The following table presents the Corporation’s loan portfolio by category of loans as of December 31, 2024 and December 31, 2023 (in thousands):

 

   December 31,   December 31, 
   2024   2023 
   $   $ 
         
Agriculture   289,284    257,372 
Business Loans   360,805    354,252 
Consumer   6,603    6,392 
Home Equity   118,329    107,176 
Non-Owner Occupied Commercial Real Estate   136,298    135,117 
Residential Real Estate (a)   514,120    497,553 
           
Gross loans prior to deferred costs   1,425,439    1,357,862 
           
Deferred loan costs, net   1,830    2,216 
Allowance for credit losses   (16,122)   (15,176)
Total net loans   1,411,147    1,344,902 

 

(a) Real estate loans serviced for others, which are not included in the Consolidated Balance Sheets, totaled $342,640,000 as of December 31, 2024 and $301,822,000 as of December 31, 2023.  

 

Credit Quality Indicators

The Corporation grades commercial credits differently than consumer credits. The following tables represent all of the Corporation’s commercial credit exposures by internally assigned grades as of December 31, 2024 and 2023. The grading analysis estimates the capability of the borrower to repay the contractual obligations under the loan agreements as scheduled or at all. The Corporation's internal commercial credit risk grading system is based on experiences with similarly graded loans.

 

The Corporation's internally assigned grades for commercial credits are as follows:

 

●Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral.
●Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. 
●Substandard – loans that have a well-defined weakness based on objective evidence and characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.
●Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset.  In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances.
●Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. 

Based on the most recent analysis performed, the following table presents the recorded investment by internal risk rating system for Commercial Credit exposure as of December 31, 2024 in accordance with ASC 326 (in thousands):

 

                                     
                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
December 31, 2024  2024   2023   2022   2021   2020   Prior   Cost Basis   to Term   Total 
Agriculture                                    
Risk Rating                                             
Pass  $30,261   $49,814   $38,824   $44,513   $17,156   $63,007   $24,359   $
—
   $267,934 
Special Mention   1,033    174    17    6,411    
—
    1,555    1,714    
—
    10,904 
Substandard   413    1,904    1,522    1,679    1,287    3,275    366    
—
    10,446 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $31,707   $51,892   $40,363   $52,603   $18,443   $67,837   $26,439   $
—
   $289,284 
                                              
Agriculture                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $25   $
—
   $
—
   $25 
                                              
Business Loans                                             
Risk Rating                                             
Pass  $61,110   $38,875   $86,326   $53,149   $29,095   $44,956   $37,440   $
—
   $350,951 
Special Mention   
—
    
—
    
—
    409    
—
    258    
—
    
—
    667 
Substandard   
—
    2,816    2,030    
—
    
—
    875    3,466    
—
    9,187 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $61,110   $41,691   $88,356   $53,558   $29,095   $46,089   $40,906   $
—
   $360,805 
                                              
Business Loans                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Non-Owner Occupied CRE                                             
Risk Rating                                             
Pass  $3,971   $36,562   $33,912   $26,695   $14,729   $16,986   $
—
   $
—
   $132,855 
Special Mention   
—
    
—
    
—
    
—
    
—
         
—
    
—
    
—
 
Substandard   
—
    382    
—
    
—
    
—
    3,061    
—
    
—
    3,443 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $3,971   $36,944   $33,912   $26,695   $14,729   $20,047   $
—
   $
—
   $136,298 
                                              
Non-Owner Occupied CRE                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Risk Rating                                             
Pass  $95,342   $125,251   $159,062   $124,357   $60,980   $124,949   $61,799   $
—
   $751,740 
Special Mention   1,033    174    17    6,820    
—
    1,813    1,714    
—
    11,571 
Substandard   413    5,102    3,552    1,679    1,287    7,211    3,832    
—
    23,076 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $96,788   $130,527   $162,631   $132,856   $62,267   $133,973   $67,345   $
—
   $786,387 

Based on the most recent analysis performed, the following table presents the recorded investment by internal risk rating system for Commercial Credit exposure as of December 31, 2023 in accordance with ASC 326 (in thousands):

 

                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
December 31, 2023  2023   2022   2021   2020   2019   Prior   Cost Basis   to Term   Total 
Agriculture                                             
Risk Rating                                             
Pass  $47,599   $41,741   $49,276   $18,699   $14,793   $58,459   $21,157   $
—
   $251,724 
Special Mention   60    9    96    697    170    1,136    204    
—
    2,372 
Substandard   
—
    
—
    424    719    361    1,772         
—
    3,276 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $47,659   $41,750   $49,796   $20,115   $15,324   $61,367   $21,361   $
—
   $257,372 
                                              
Agriculture                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Business Loans                                             
Risk Rating                                             
Pass  $43,670   $102,419   $64,030   $36,675   $17,785   $45,583   $37,269   $
—
   $347,431 
Special Mention   
—
    43    426    
—
    
—
    270    100    
—
    839 
Substandard   3,152    1,369    
—
    263    
—
    838    360    
—
    5,982 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $46,822   $103,831   $64,456   $36,938   $17,785   $46,691   $37,729   $
—
   $354,252 
                                              
Business Loans                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Non-Owner Occupied CRE                                             
Risk Rating                                             
Pass  $26,757   $43,976   $27,377   $12,849   $7,705   $12,397   $375   $
—
   $131,436 
Special Mention   392    639    
—
    
—
    
—
    37    
—
    
—
    1,068 
Substandard   
—
    
—
    
—
    
—
    2,312    301    
—
    
—
    2,613 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $27,149   $44,615   $27,377   $12,849   $10,017   $12,735   $375   $
—
   $135,117 
                                              
Non-Owner Occupied CRE                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Risk Rating                                             
Pass  $118,026   $188,136   $140,683   $68,223   $40,283   $116,439   $58,801   $
—
   $730,591 
Special Mention   452    691    522    697    170    1,443    304    
—
    4,279 
Substandard   3,152    1,369    424    982    2,673    2,911    360    
—
    11,871 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $121,630   $190,196   $141,629   $69,902   $43,126   $120,793   $59,465   $
—
   $746,741 

The following table presents the balances of consumer loans by classes of the loan portfolio based on payment performance as of December 31, 2024 in accordance with ASC 326 (in thousands):

 

                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
   2024   2023   2022   2021   2020   Prior   Cost Basis   to Term   Total 
Consumer                                    
Payment Performance                                             
Performing  $3,564   $967   $391   $105   $46   $5   $1,515   $
—
   $6,593 
Nonperforming   
—
    10    
—
    
—
    
—
    
—
    
—
    
—
    10 
Total  $3,564   $977   $391   $105   $46   $5   $1,515   $
—
   $6,603 
                                              
Consumer                                             
Current period gross charge-offs  $
—
   $16   $43   $6   $
—
   $8   $
—
   $
—
   $73 
                                              
Home equity                       —                     
Payment Performance                                             
Performing  $1,899   $6,778   $14,700   $903   $497   $1,560   $91,167    432   $117,936 
Nonperforming   
—
    
—
    
—
    
—
    
—
    3    390    
—
    393 
Total  $1,899   $6,778   $14,700   $903   $497   $1,563   $91,557   $432   $118,329 
                                              
Home equity                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Residential Real Estate                       —                     
Payment Performance                                             
Performing  $67,526   $102,522   $138,668   $98,116   $39,926   $63,412   $
—
   $
—
   $510,170 
Nonperforming   
—
    1,073    1,879    712    
—
    286    
—
    
—
    3,950 
Total  $67,526   $103,595   $140,547   $98,828   $39,926   $63,698   $
—
   $
—
   $514,120 
                                              
Residential Real Estate                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Payment Performance                                             
Performing  $72,989   $110,267   $153,759   $99,124   $40,469   $64,977   $92,682   $432   $634,699 
Nonperforming   
—
    1,083    1,879    712    
—
    289    390    
—
    4,353 
Total  $72,989   $111,350   $155,638   $99,836   $40,469   $65,266   $93,072   $432   $639,052 

The following table presents the balances of consumer loans by classes of the loan portfolio based on payment performance as of December 31, 2023 in accordance with ASC 326 (in thousands): 

 

                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
   2023   2022   2021   2020   2019   Prior   Cost Basis   to Term   Total 
Consumer                                    
Payment Performance                                             
Performing  $3,251   $1,085   $351   $176   $31   $3   $1,482   $
—
   $6,379 
Nonperforming   
—
    13    
—
    
—
    
—
    
—
    
—
    
—
    13 
Total  $3,251   $1,098   $351   $176   $31   $3   $1,482   $
—
   $6,392 
                                              
Consumer                                             
Current period gross charge-offs  $
—
   $39   $17   $1   $1   $6   $
—
   $
—
   $64 
                                              
Home equity                                             
Payment Performance                                             
Performing  $7,086   $18,476   $1,049   $564   $529   $1,847   $76,076    1,399   $107,026 
Nonperforming   
—
    
—
    
—
    
—
    
—
    
—
    150    
—
    150 
Total  $7,086   $18,476   $1,049   $564   $529   $1,847   $76,226   $1,399   $107,176 
                                              
Home equity                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Residential Real Estate                                             
Payment Performance                                             
Performing  $123,368   $148,835   $105,283   $43,961   $31,514   $44,236   $
—
   $
—
   $497,197 
Nonperforming   
—
    
—
    356    
—
    
—
    
—
    
—
    
—
    356 
Total  $123,368   $148,835   $105,639   $43,961   $31,514   $44,236   $
—
   $
—
   $497,553 
                                              
Residential Real Estate                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Payment Performance                                             
Performing  $133,705   $168,396   $106,683   $44,701   $32,074   $46,086   $77,558   $1,399   $610,602 
Nonperforming   
—
    13    356    
—
    
—
    
—
    150    
—
    519 
Total  $133,705   $168,409   $107,039   $44,701   $32,074   $46,086   $77,708   $1,399   $611,121 

Age Analysis of Past Due Loans Receivable

The following tables present an age analysis of the Corporation’s past due loans, segregated by loan portfolio class, as of December 31, 2024 and December 31, 2023:

 

   December 31, 2024 
       31-60   61-90   Greater Than         
       Days   Days   90 Days   Total   Total 
   Current   Past Due   Past Due   Past Due   Past Due   Loans 
                         
Agriculture  $288,970   $
—
   $314   $
—
   $314   $289,284 
Business Loans   358,207    2,531    
—
    67    2,598    360,805 
Consumer   6,571    23    
—
    9    32    6,603 
Home Equity   117,451    102    578    198    878    118,329 
Non-Owner Occupied CRE   135,541    
—
    
—
    757    757    136,298 
Residential Real Estate   510,882    808    23    2,407    3,238    514,120 
Total  $1,417,622   $3,464   $915   $3,438   $7,817   $1,425,439 

 

   December 31, 2023 
       31-60   61-90   Greater Than         
       Days   Days   90 Days   Total   Total 
   Current   Past Due   Past Due   Past Due   Past Due   Loans 
                         
Agriculture  $257,372   $
—
   $
—
   $
—
   $
—
   $257,372 
Business Loans   354,008    130    
—
    114    244    354,252 
Consumer   6,361    15    3    13    31    6,392 
Home Equity   106,787    170    69    150    389    107,176 
Non-Owner Occupied CRE   135,117    
—
    
—
    
—
    
—
    135,117 
Residential Real Estate   495,952    1,245    
—
    356    1,601    497,553 
Total  $1,355,597   $1,560   $72   $633   $2,265   $1,357,862 

 

Nonperforming Loans

The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of December 31, 2024 and December 31, 2023, (in thousands):

 

   Nonaccrual   Nonaccrual       Loans Past     
   with no   with   Total   Due Over 90 Days   Total 
   ACL   ACL   Nonaccrual   Still Accruing   Nonperforming 
                     
Agriculture  $1,481   $
—
   $1,481   $
—
   $1,481 
Business Loans   5,084    969    6,053    
—
    6,053 
Consumer Loans   
—
    10    10    
—
    10 
Home Equity   393    
—
    393    
—
    393 
Non-Owner Occupied CRE   
—
    
—
    
—
    
—
    
—
 
Residential Real Estate   1,806    2,144    3,950    
—
    3,950 
Total  $8,764   $3,123   $11,887   $
—
   $11,887 

 

   Nonaccrual   Nonaccrual       Loans Past     
   with no   with   Total   Due Over 90 Days   Total 
   ACL   ACL   Nonaccrual   Still Accruing   Nonperforming 
                     
Agriculture  $ 941   $
—
   $ 941   $
—
   $ 941 
Business Loans   1,817    
—
    1,817    
—
    1,817 
Consumer Loans   
—
    
—
    
—
    13    13 
Home Equity   
—
    
—
    
—
    150    150 
Non-Owner Occupied CRE   
—
    
—
    
—
    
—
    
—
 
Residential Real Estate   
—
    
—
    
—
    356    356 
Total  $2,758   $
—
   $2,758   $519   $3,277 

The following table presents, by class of loans, the collateral-dependent nonaccrual loans and type of collateral as of December 31, 2024 and December 31, 2023 (in thousands).

 

December 31, 2024  Real Estate   Other   None   Total 
Agriculture  $1,481   $
—
   $
—
   $1,481 
Business Loans   5,085    968    
—
    6,053 
Consumer Loans   
—
    
—
    10    10 
Home Equity   393    
—
    
—
    393 
Non-Owner Occupied   
—
    
—
    
—
    
—
 
Residential Real Estate   3,950    
—
    
—
    3,950 
Total  $10,909   $968   $10   $11,887 

 

December 31, 2023  Real Estate   Other   None   Total 
Agriculture  $941   $
—
   $
—
   $941 
Business Loans   1,817    
—
    
—
    1,817 
Consumer Loans   
—
    
—
    
—
    
—
 
Home Equity   
—
    
—
    
—
    
—
 
Non-Owner Occupied   
—
    
—
    
—
    
—
 
Residential Real Estate   
—
    
—
    
—
    
—
 
Total  $2,758   $
—
   $
—
   $2,758 

 

Modifications to Borrowers Experiencing Financial Difficulty

The Corporation may grant a modification to borrowers in financial distress by providing a temporary reduction in interest rate, or an extension of a loan’s stated maturity date. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral.

 

The Corporation identifies loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower's financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, and negative trends may result in a payment default in the near future. There was one modification of a loan to a borrower experiencing financial difficulty in the amount of $2,099,000 during the year ended December 31, 2024.

 

There were no payment defaults for loans granted modifications due to a borrower experiencing financial difficulty within twelve months of the modification date, during the year ended December 31, 2024 and December 31, 2023.

 

The following table details activity in the allowance for credit losses by portfolio segment for the year ended December 31, 2024 and December 31, 2023:

 

December 31, 2024  Beginning           Provisions   Ending 
   Balance   Charge-offs   Recoveries   (Reductions)   Balance 
Allowance for credit losses:                         
Agriculture  $3,106    (25)   
—
    222    3,303 
Business Loans   2,684    
—
    6    544    3,234 
Consumer Loans   355    (73)   21    24    327 
Home Equity   2,341    
—
    
—
    303    2,644 
Non-Owner Occupied CRE   818    
—
    
—
    115    933 
Residential Real Estate   5,872    
—
    
—
    (191)   5,681 
                          
Total  $15,176   $(98)  $27   $1,017   $16,122 
       Impact of                 
December 31, 2023  Beginning   adopting           Provisions   Ending 
   Balance   ASC 326   Charge-offs   Recoveries   (Reductions)   Balance 
Allowance for credit losses:                              
Commercial Real Estate  $6,074   $(6,074)  $
—
   $
—
   $
—
   $
—
 
Consumer Real Estate   5,442    (5,442)   
—
    
—
    
—
    
—
 
Commercial & Industrial   2,151    (2,151)   
—
    
—
    
—
    
—
 
Agriculture   
—
    3,537    
—
    71    (502)   3,106 
Business Loans   
—
    3,382    
—
    11    (709)   2,684 
Consumer Loans   67    183    (64)   4    165    355 
Home Equity   
—
    2,129    
—
    
—
    212    2,341 
Non-Owner Occupied CRE   
—
    875    
—
    
—
    (57)   818 
Residential Real Estate   
—
    4,658    
—
    8    1,206    5,872 
Unallocated   417    (417)   
—
    
—
    
—
    
—
 
                               
Total (a)  $14,151   $680   $(64)  $94   $315   $15,176 

 

(a) In 2023, the Corporation adopted ASU 2016-13 Financial Instruments - Credit Losses (Topic 326) in 2023 and as a result reclassified portfolio segments.

 

During the year ended December 31, 2024, management charged off $98,000 in loans while recovering $27,000 and added $1,017,000 to the provision for credit losses related to loans and released $2,000 to the provision for off-balance sheet credit exposure for a combined provision of $1,015,000.

 

The ACL is maintained at a level determined to be adequate to absorb estimated expected credit losses within the loan portfolio over the contractual life of an instrument that considers historical loss experience, current conditions, and forecasts of future economic conditions as of the balance sheet date. The Corporation develops and documents a systematic ACL methodology based on the following portfolio segments: Agriculture, Business Loans, Consumer Loans, Home Equity, Non-Owner Occupied CRE, and Residential Real Estate.  The following are key risks within each portfolio segment:

 

Agriculture – Loans made to individuals or operating companies within the Agricultural industry.  These loans are generally secured by a first lien mortgage on agricultural land.  The primary source of repayment is the income and assets of the borrower.  The condition of the agriculture industry as well as the condition of the national economy is an important indicator of risk for this segment. 

 

Business Loans —Loans made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. The primary source of repayment for these loans is cash flow from the operations of the corporation.   The condition of the national economy is an important indicator of risk, but there are also more specific risks depending on the industry of the corporation. This segment also includes loans made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there are problems, the project may not be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the national economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer.

 

Consumer - Loans made to individuals that may be secured by assets other than 1-4 family residences, as well as unsecured loans. This segment includes personal loans and lines of credit that may be secured or unsecured.  The primary source of repayment for these loans is the income and assets of the borrower. The condition of the national economy, in particular the unemployment rate, is an important indicator of risk for this segment. The value of the collateral, if there is any, is less likely to be a source of repayment due to less certain collateral values.

 

Home Equity– This segment generally includes lines of credit and term loans secured by the equity in the borrower’s residence.  The primary source of repayment for these facilities is the income and assets of the borrower. The condition of the national economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the national housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt.

Non-Owner Occupied CRE - Loans secured by commercial purpose real estate for various purposes such as hotels, retail, multifamily and health care. The primary sources of repayment for these loans are the operations of the individual projects and global cash flows of the debtors. The condition of the national economy is an important indicator of risk, but there are also more specific risks depending on the collateral type and the business prospects of the lessee.

 

Residential Real Estate—Loans secured by first liens on 1-4 family residential mortgages. The primary source of repayment for these loans is the income and assets of the borrower. The condition of the national economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the national housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt.

 

The December 31, 2024 ending balance of the allowance for credit losses related to loans was up $946,000, or 6.2%, from December 31, 2023, and the allowance as a percentage of total loans was 1.13% as of December 31, 2024, and 1.12% as of December 31, 2023.
v3.25.1
Premises and Equipment
 12 Months Ended
Dec. 31, 2024
Premises and Equipment [Abstract]  
PREMISES AND EQUIPMENT

NOTE D – PREMISES AND EQUIPMENT

(DOLLARS IN THOUSANDS)

 

The major classes of the Corporation’s premises and equipment and accumulated depreciation are as follows:

 

   December 31,
   2024  2023
   $  $
Land   8,486    5,043 
Buildings and improvements   32,522    32,364 
Furniture and equipment   11,828    11,246 
Construction in process   319    275 
Total   53,155    48,928 
Less accumulated depreciation   (25,258)   (23,644)
Premises and equipment   27,897    25,284 

 

Depreciation expense, which is included in operating expenses, amounted to $1,692,000 for 2024, and $1,601,000 for 2023. The construction in process category represents expenditures for ongoing projects. When construction is completed, these amounts will be reclassified into buildings and improvements, and/or furniture and equipment. Depreciation only begins when the project or asset is placed into service. As of December 31, 2024, the contruction in process consists of primarily costs associated with the construction of a new branch and balances at December 31, 2023, consists primarily of costs associated with the construction of a drive-thru facility as well as renovations to leased office space.
v3.25.1
Regulatory Stock
 12 Months Ended
Dec. 31, 2024
Regulatory Stock [Abstract]  
REGULATORY STOCK

NOTE E – REGULATORY STOCK

 

The Bank is a member of the Federal Home Loan Bank (FHLB) of Pittsburgh, which is one of 11 regional Federal Home Loan Banks. Each FHLB serves as a reserve or central bank for its members within its assigned region.  As a member, the Bank is required to purchase and maintain stock in the FHLB in an amount equal to 0.10% of its asset value plus an additional 4% of its outstanding advances from the FHLB and mortgage partnership finance loans sold to the FHLB.  At December 31, 2024, the Bank held $9,607,000 in stock of the FHLB compared to $7,360,000 as of December 31, 2023.

 

The FHLB repurchases excess capital stock on a quarterly basis and pays a quarterly dividend on stock held by the Corporation. The FHLB’s quarterly dividend yield was 9.00% annualized on activity stock and 5.60% annualized on membership stock as of December 31, 2024. Most of the Corporation’s dividend is based on the activity stock, which is based on the amount of borrowings and mortgage activity with FHLB. The Corporation will continue to monitor the financial condition of the FHLB quarterly to assess its ability to continue to regularly repurchase excess capital stock and pay a quarterly dividend.

 

The Corporation also owned $1,145,000 of Federal Reserve Bank stock and $37,000 of Atlantic Community Bancshares, Inc. stock, the Bank Holding Company of ACBB, as of December 31, 2024, compared to $1,143,000 and $37,000, respectively, as of December 31, 2023.
v3.25.1
Deposits
 12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
DEPOSITS

NOTE F – DEPOSITS

(DOLLARS IN THOUSANDS)

 

Deposits by major classifications are summarized as follows:

 

   December 31,
   2024  2023
   $  $
           
Non-interest bearing demand   631,711    611,968 
Interest-bearing demand   384,236    313,771 
Money market deposit accounts   162,514    158,446 
Savings accounts   280,526    308,913 
Time deposits under $250,000   365,222    274,569 
Time deposits of $250,000 or more   66,234    59,131 
Total deposits   1,890,443    1,726,798 

 

At December 31, 2024, the scheduled maturities of time deposits are as follows:

 

2025   330,172 
2026   17,052 
2027   2,433 
2028   1,540 
2029   80,259 
      
Total   431,456 

 

At December 31, 2024, the Bank held $97,272,000 in brokered deposits compared to $39,092,000 as of December 31, 2023.
v3.25.1
Short Term Borrowings
 12 Months Ended
Dec. 31, 2024
Short Term Borrowings [Abstract]  
SHORT TERM BORROWINGS

NOTE G – SHORT TERM BORROWINGS

(DOLLARS IN THOUSANDS)

 

Short-term borrowings consist of Federal funds purchased that mature one business day from the transaction date, overnight borrowings from the Federal Reserve Discount Window, and FHLB advances with a term of less than one year.

 

A summary of short-term borrowings is as follows for the years ended December 31, 2024 and 2023:

 

   2024  2023
   $  $
       
Total short-term borrowings outstanding at year end   60,000    
—
 
Average interest rate at year end   4.86%    
—
 
Maximum outstanding at any month end   60,000    13,500 
Average amount outstanding for the year   9,344    5,587 
Weighted-average interest rate for the year   5.01%    3.53% 

 

As of December 31, 2024, the Corporation had approved unsecured Federal funds lines of $30 million. The Corporation also has the ability to borrow from the Federal Reserve through the Discount Window Program. The amount of borrowing available through the Discount Window was $62.0 million as of December 31, 2024. As of December 31, 2023, the Corporation had $48.9 million in available borrowings at the Discount Window. For further information on borrowings from the FHLB see Note H.
v3.25.1
Other Borrowed Funds
 12 Months Ended
Dec. 31, 2024
Other Borrowed Funds [Abstract]  
OTHER BORROWED FUNDS

NOTE H – OTHER BORROWED FUNDS

(DOLLARS IN THOUSANDS)

 

Federal Home Loan Bank (FHLB) Borrowings

 

Maturities of FHLB borrowings at December 31, 2024, and 2023, are summarized as follows:

 

   December 31,
   2024  2023
      Weighted-     Weighted-
      Average     Average
   Amount  Rate  Amount  Rate
   $  %  $  %
             
FHLB fixed rate loans                    
2024   
—
    
—
    17,406    2.02 
2025   15,984    2.16    15,984    2.16 
2026   28,158    4.47    28,158    4.47 
2027   16,833    4.11    16,833    4.11 
2028   22,847    3.81    22,847    3.81 
                     
Total other borrowings   83,822    3.78    101,228    3.47 

 

As a member of the FHLB of Pittsburgh, the Corporation has access to significant credit facilities. Borrowings from FHLB are secured with a blanket security agreement and the required investment in FHLB member bank stock. As part of the security agreement, the Corporation maintains unencumbered qualifying assets (principally 1-4 family residential mortgage loans) in an amount at least as much as the advances from the FHLB. Additionally, all of the Corporation’s FHLB stock is pledged to secure these advances.

 

The Corporation had an FHLB maximum borrowing capacity of $714.9 million as of December 31, 2024 with remaining borrowing capacity of $567.0 million. The borrowing arrangement with the FHLB is subject to annual renewal. The maximum borrowing capacity is recalculated quarterly.

 

Subordinated Debt

 

Subordinated debt at December 31, 2024 and 2023 was as follows:

 

(Dollars in thousands)  December 31,            
      2024  2023            
      Carrying  Carrying     Issued      
      Amount  Amount  Rate  Amount      
Issued by  Ranking  $  $  %  $  Date Issued  Maturity
ENB Financial Corp  Subordinated (1)(2)   19,920    19,840    4.00%    20,000   12/30/20  12/30/30
ENB Financial Corp  Subordinated (1)(3)   19,796    19,716    5.75%    20,000   07/22/22  09/30/32
   Total   39,716    39,556                 

 

(1) The subordinated notes qualify as Tier 2 capital for regulatory capital purposes.
(2) ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100% of the principal balance at certain times on or after December 30, 2025.
(3) ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100% of the principal balance at certain times on or after July 22, 2027.    
v3.25.1
Capital Transactions
 12 Months Ended
Dec. 31, 2024
Capital Transactions [Abstract]  
CAPITAL TRANSACTIONS

NOTE I – CAPITAL TRANSACTIONS

 

On October 21, 2020, the Board of Directors of the Corporation approved a plan to repurchase, in open market and privately negotiated transactions, up to 200,000 shares of its outstanding common stock. This plan replaced the 2019 plan. As of October 16, 2024, a total of 161,658 shares were repurchased at a total cost of $2,675,000, for an average cost per share of $16.55. On October 16, 2024, the Board of Directors of the Corporation approved a plan to repurchase, in open market and privately negotiated transactions, up to 200,000 shares of its outstanding common stock. This plan replaced the 2020 plan. As of December 31, 2024, no shares had been repurchased under this plan. Shares repurchased under these plans are held as treasury shares to be utilized in connection with the Corporation’s three stock purchase plans.

 

Currently, the following three stock purchase plans are in place:

●a nondiscriminatory employee stock purchase plan (ESPP), which allows employees to purchase shares at a 15% discount from the stock’s fair market value at the end of each quarter,
●a dividend reinvestment plan (DRP), and;
●a directors’ stock purchase plan (DSPP).

 

The ESPP was started in 2001 and is the largest of the three plans. There were 41,800 shares issued through the ESPP in 2024 with 391,686 shares issued since existence. The DRP was started in 2005 with 17,580 shares issued in 2024 and 280,624 total shares issued since existence. Lastly, the DSPP was started in 2010 as an additional option for board compensation. This plan is limited to outside directors. A total of 4,284 shares were issued in connection with this plan in 2024 and 54,209 since existence. In 2023, there were 46,033 shares issued through the ESPP, 19,421 shares issued through the DRP, and 5,731 shares issued through the DSPP. The plans are beneficial to the Corporation as all reissued shares increase capital and since dividends are paid out in the form of additional shares, the plans act as a source of funds. The total amount of shares issued from Treasury for these plans collectively in 2024 and 2023 was 63,664 and 71,185, respectively.

 

The Corporation entered into employment agreements with a number of its key personnel. The initial term of each employment agreement is three (3) years. Each employment agreement shall automatically renew for additional three (3) year terms at the end of the initial three (3) year term and at the end of each three (3) year renewal of the employment agreement unless notice to terminate is given by either party at least one hundred eighty (180) days prior to the expiration of the initial term or any renewal term of the employment agreement. If proper notice to terminate is not given, each employment agreement shall renew for an additional three (3) years. Further, in consideration of entering into the employment agreements, the employees each received restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Corporation common stock. The restricted stock units vest at a rate of 33 1/3% on each anniversary of the date of grant. The product of the number of shares granted and the grant date market price of the Corporation’s common stock determines the fair value of the restricted shares which is expensed over the vesting period. During the year ended December 31, 2024, the Corporation recorded $61,000 of stock-based compensation expense, compared to $62,000 for the year ended December 31, 2023. Expected future compensation expense relating to the restricted stock units is $55,000 over the remaining vesting period.

 

The following is a summary of the status of the Corporation’s nonvested restricted stock as of December 31, 2024, and changes therein during the year then ended:

 

   Number of  Weighted-Average
   Restricted  Grant Date
   Stock Units  Fair Value
Nonvested at December 31, 2023   8,520   $16.31 
Granted   
—
   13.90 
Vested   3,721    16.80 
Forfeited   595    16.80 
Nonvested at December 31, 2024   4,204   $16.31 
v3.25.1
Retirement Plans
 12 Months Ended
Dec. 31, 2024
Retirement Plans [Abstract]  
RETIREMENT PLANS

NOTE J – RETIREMENT PLANS

 

The Corporation has a 401(k) Savings Plan under which the Corporation makes an employer matching contribution, a non-elective safe harbor contribution and a discretionary non-elective profit sharing contribution. Employee contributions to the plan are subject to the maximum annual Internal Revenue Service contribution amounts which were $23,000 for 2024 and $22,500 for 2023, for persons under age 50, and for persons over age 50 were $30,500 in 2024 and $30,000 in 2023.  The employer matching contribution is made on the compensation of all eligible employees, up to a maximum of 2.5% of an eligible employee’s compensation, at $0.50 for every $1.00 of employee contribution up to 5% of an eligible employee’s salary. The Corporation’s cost for this 401(k) match was $428,000 for 2024 and $447,000 for 2023. For purposes of the 401(k) Savings Plan, covered compensation was limited to $345,000 in 2024 and $330,000 in 2023. The Corporation’s 401(k) Savings Plan is fully funded as all obligations are funded monthly.

 

The employer non-elective safe harbor contribution is 3% of all employee compensation for the year. Based on the performance of the Corporation the Compensation Committee determined the discretionary non-elective profit sharing contribution would be 2% of all eligible employee compensation. For the Corporation, the expense of the 401(k) matching contribution will be smaller than the non-elective safe harbor and the discretionary non-elective profit sharing expenses as the Corporation is matching a maximum of up to 2.5% of salary, depending on employee contributions, compared to contributing up to 5.0% of eligible employee’s salaries in the safe harbor and discretionary profit sharing contributions. Total expenses of the plan were $1,046,000 and $986,000, for 2024 and 2023, respectively. 
v3.25.1
Deferred Compensation
 12 Months Ended
Dec. 31, 2024
Deferred Compensation [Abstract]  
DEFERRED COMPENSATION

NOTE K - DEFERRED COMPENSATION

 

Prior to 1999, directors of the Corporation had the ability to defer their directors’ fees into a directors’ deferred compensation plan. Directors electing to defer their compensation signed a contract that allowed the Corporation to take out a life insurance policy on the director designed to fund the future deferred compensation obligation, which is paid out over a ten-year period at retirement age. A contract and life insurance policy was taken out for each period of pay deferred. The amount of deferred compensation to be paid to each director was actuarially determined based on the amount of life insurance the annual directors’ fees were able to purchase. This amount varies for each director depending on age, general health, and the number of years until the director is entitled to begin receiving payments. The Corporation is the owner and beneficiary of all life insurance policies on the directors.

 

At the time the directors’ pay was deferred, the Corporation used the amount of the annual directors’ fees to pay the premiums on the life insurance policies. The Corporation could continue to pay premiums after the deferment period, or could allow the policies to fund annual premiums through loans against the policy’s cash surrender value. The Corporation has continued to pay the premiums on the life insurance policies and no loans exist on the policies.

 

The life insurance policies had an aggregate death benefit value of $5,332,000 at December 31, 2024, and $6,069,000 at December 31, 2023. The cash surrender value of the above policies totaled $4,257,000 and $4,786,000 as of December 31, 2024, and 2023, respectively.
v3.25.1
Income Taxes
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
INCOME TAXES

NOTE L - INCOME TAXES

 

Federal income tax expense as reported differs from the amount computed by applying the statutory Federal income tax rate to income before taxes. A reconciliation of the differences by amount and percent is as follows:

 

FEDERAL INCOME TAX SUMMARY

(DOLLARS IN THOUSANDS)        

   Year Ended December 31,
   2024  2023
   $  %  $  %
             
Income tax at statutory rate   3,911    21.0    3,110    21.0 
Tax-exempt interest income   (908)   (4.9)   (885)   (6.0)
Non-deductible interest expense   527    2.8    376    2.5 
Bank-owned life insurance   (236)   (1.3)   (174)   (1.2)
Other   14    0.1    9    0.1 
                     
Income tax expense   3,308    17.7    2,436    16.4 

 

The ability to realize the benefit of deferred tax assets is dependent upon a number of factors, including the generation of future taxable income, the ability to carry back losses to recover taxes paid in previous years, the ability to offset capital losses with capital gains, the reversal of deferred tax liabilities, and certain tax planning strategies.

 

U.S. generally accepted accounting principles prescribe a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met.

 

There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. The Corporation recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Consolidated Statements of Income. With few exceptions, the Corporation is no longer subject to U.S. federal, state, or local income tax examinations by tax authorities for years before 2021.

Significant components of income tax expense are as follows:      

(DOLLARS IN THOUSANDS)  Year Ended December 31,
   2024  2023
   $  $
Current tax expense   3,036    2,268 
Deferred tax expense (benefit)   272    168 
Income tax expense   3,308    2,436 

 

Components of the Corporation's net deferred tax position are as follows:   

(DOLLARS IN THOUSANDS)  December 31,
   2024  2023
   $  $
       
Deferred tax assets          
Allowance for credit losses   3,386    3,187 
Allowance for off-balance sheet extensions of credit   278    278 
Net unrealized holding losses on securities available for sale   9,144    9,132 
Interest on non-accrual loans   70    9 
Other   470    592 
Total deferred tax assets   13,348    13,198 
           
Deferred tax liabilities          
Premises and equipment   (1,350)   (1,184)
Mortgage servicing rights   (551)   (464)
Discount on investment securities   (527)   (288)
Other   (493)   (574)
Total deferred tax liabilities   (2,921)   (2,510)
Net deferred tax assets   10,427    10,688 
v3.25.1
Regulatory Matters and Restrictions
 12 Months Ended
Dec. 31, 2024
Regulatory Matters and Restrictions [Abstract]  
REGULATORY MATTERS AND RESTRICTIONS

NOTE M – REGULATORY MATTERS AND RESTRICTIONS

 

The Corporation and the Bank are subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements.

 

The consolidated asset limit on small bank holding companies is $3 billion and a company with assets under that limit is not subject to the consolidated capital rules but may disclose capital amounts and ratios. The Corporation has elected to disclose those amounts and ratios.

 

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth below) of tier I capital to average assets, and common equity tier I capital, tier I capital, and total capital to risk-weighted assets.

 

As of December 31, 2024 and 2023, the Bank was categorized as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. The following chart details the Corporation’s and the Bank’s capital levels as of December 31, 2024 and December 31, 2023, compared to regulatory levels.

CAPITAL LEVELS              To Be Well
(DOLLARS IN THOUSANDS)              Capitalized Under
         For Capital  Prompt Corrective
   Actual  Adequacy Purposes  Action Provision
   $  %  $  %  $  %
                   
As of December 31, 2024                  
Total Capital to Risk-Weighted Assets                              
Consolidated   222,127    14.6    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   218,123    14.4    121,445    8.0    151,807    10.0 
                               
Tier I Capital to Risk-Weighted Assets                              
Consolidated   164,966    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   200,678    13.2    91,084    6.0    121,445    8.0 
                               
Common Equity Tier I Capital to Risk-Weighted Assets                              
Consolidated   164,966    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   200,678    13.2    68,313    4.5    98,674    6.5 
                               
Tier I Capital to Average Assets                              
Consolidated   164,966    7.5    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   200,678    9.1    88,018    4.0    110,022    5.0 
                               
As of December 31, 2023                              
Total Capital to Risk-Weighted Assets                              
Consolidated   210,066    14.8    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   204,290    14.4    113,182    8.0    141,477    10.0 
                               
Tier I Capital to Risk-Weighted Assets                              
Consolidated   154,009    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   187,790    13.3    84,886    6.0    113,182    8.0 
                               
Common Equity Tier I Capital to Risk-Weighted Assets                              
Consolidated   154,009    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   187,790    13.3    63,665    4.5    91,960    6.5 
                               
Tier I Capital to Average Assets                              
Consolidated   154,009    7.7    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   187,790    9.4    80,295    4.0    100,369    5.0 

 

In addition to the capital guidelines, certain laws restrict the amount of dividends paid to stockholders in any given year. The approval of the OCC shall be required if the total of all dividends declared by the Corporation in any year shall exceed the total of its net profits for that year combined with retained net profits of the preceding two years. Under this restriction, the Corporation could declare dividends in 2025, without the approval of the OCC, of approximately $23.4 million, plus an additional amount equal to the Corporation’s net profits for 2025, up to the date of any such dividend declaration.
v3.25.1
Transactions with Directors and Officers
 12 Months Ended
Dec. 31, 2024
Transactions with Directors and Officers [Abstract]  
TRANSACTIONS WITH DIRECTORS AND OFFICERS

NOTE N – TRANSACTIONS WITH DIRECTORS AND OFFICERS

 

The following table presents activity in the amounts due from directors, executive officers, immediate family, and affiliated companies. An analysis of the activity with respect to such aggregate loans to related parties is shown below.

 

LOANS TO INSIDERS      
(DOLLARS IN THOUSANDS)  Year Ended  Year Ended
   December 31,  December 31,
   2024  2023
   $  $
       
Balance, beginning of year   1,968    2,624 
Advances   344    1,369 
Repayments   (1,372)   (2,025)
Balance, end of year   940    1,968 

 

Deposits from the insiders totaled $1,798,000 as of December 31, 2024, and $1,792,000 as of December 31, 2023.
v3.25.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE O - COMMITMENTS AND CONTINGENCIES

 

In the normal course of business, the Corporation makes various commitments that are not reflected in the accompanying consolidated financial statements. These are commonly referred to as off-balance sheet commitments and include firm commitments to extend credit, unused lines of credit, and open letters of credit. On December 31, 2024, firm loan commitments totaled approximately $64.9 million; unused lines of credit totaled $510.5 million; and open letters of credit totaled $16.4 million. The sum of these commitments, $591.8 million, represents total exposure to credit loss in the event of nonperformance by customers with respect to these financial instruments; however the vast majority of these commitments are typically not drawn upon. The same credit policies for on-balance sheet instruments apply for making commitments and conditional obligations and the actual credit losses that could arise from the exercise of these commitments is expected to compare favorably with the credit loss experience on the loan portfolio taken as a whole. Commitments to extend credit on December 31, 2023, totaled $614.5 million, representing firm loan commitments of $91.5 million, unused lines of credit of $504.7 million, and open letters of credit totaling $18.3 million.

 

Firm commitments to extend credit and unused lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on an individual basis. The amount of collateral obtained, if deemed necessary by the extension of credit, is based on management’s credit evaluation of the customer. These commitments are supported by various types of collateral, where it is determined that collateral is required.

 

Open letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. Most guarantees expire within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. While various assets of the customer act as collateral for these letters of credit, real estate is the primary collateral held for these potential obligations.
v3.25.1
Financial Instruments with Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2024
Financial Instruments With Concentrations of Credit Risk [Abstract]  
FINANCIAL INSTRUMENTS WITH CONCENTRATIONS OF CREDIT RISK

NOTE P - FINANCIAL INSTRUMENTS WITH CONCENTRATIONS OF CREDIT RISK

 

The Corporation determines concentrations of credit risk by reviewing loans by borrower, geographical area, and loan purpose. The amount of credit extended to a single borrower or group of borrowers is capped by the legal lending limit, which is defined as 15% of the Bank’s risk-based capital, less the allowance for credit losses. The Corporation’s lending policy further restricts the amount to 75% of the legal lending limit. As of December 31, 2024, the Corporation’s legal lending limit was $32,718,000, and the Corporation’s lending policy internal limit was $24,539,000. This compared to a legal lending limit of $30,644,000, and lending policy limit of $22,983,000 as of December 31, 2023. As of December 31, 2024 and 2023, no lending relationships exceeded the Corporation’s internal lending policy limit.

 

Geographically, the primary lending area for the Corporation is defined as its market area, with the vast majority of the loans made in Lancaster County. The ability of debtors to honor their loan agreements is impacted by the health of the local economy. The Corporation’s immediate market area benefits from a diverse economy, which has resulted in a diverse loan portfolio. As a community bank, the largest amount of loans outstanding consists of personal mortgages, residential rental loans, and personal loans secured by real estate. Beyond personal lending, the Corporation’s business and commercial lending includes loans for agricultural, construction, specialized manufacturing, service industries, many types of small businesses, and loans to governmental units and non-profit entities.

 

Management evaluates concentrations of credit based on loan purpose on a quarterly basis. The Corporation’s greatest concentration of loans by purpose is residential real estate including home equity loans, which comprises $632.4 million, or 44.4%, of the $1,425.4 million gross loans outstanding as of December 31, 2024. This compares to $604.7 million, or 44.5%, of the $1,357.9 million of gross loans outstanding as of December 31, 2023.

The Corporation remains focused on agricultural purpose loans, of which the vast majority are real estate secured. Agricultural mortgages made up 20.3% of gross loans as of December 31, 2024, compared to 19.0% as of December 31, 2023; however these agricultural mortgages are spread over several broader types of agricultural purpose loans. More specifically within these larger purpose categories, management monitors on a quarterly basis the largest concentrations of non-consumer credit based on the North American Industrial Classification System (NAICS). As of December 31, 2024, the largest specific industry type categories were non-residential real estate investment loans of $111.6 million, or 7.8% of gross loans, dairy cattle and milk production loans of $90.7 million, or 6.4% of gross loans, and residential real estate investment loans with a balance of $81.7 million, or 5.7% of gross loans.

 

To evaluate risk for the securities portfolio, the Corporation reviews both geographical concentration and credit ratings. The largest geographical concentrations as of December 31, 2024, were obligations of states and political subdivisions located in the states of California and Pennsylvania. Based on fair market value, the Corporation had 19% of its portfolio invested in Pennsylvania municipals and 20% in California. As of December 31, 2024, no municipal bonds were below an A credit rating.

 

The Corporation held $57.4 million of corporate bonds based on amortized cost as of December 31, 2024. Out of the $57.4 million of total corporate securities, $54.4 million is domestic and $3.0 million is foreign-issued debt. Most of the Corporation’s foreign-issued debt is from the United Kingdom, Australia, and Switzerland. In addition, $33.7 million, or 58.8%, of the corporate bonds held are invested in national or foreign banks, bank holding companies, brokerage firms, or finance companies.

 

By internal policy, at time of purchase, all corporate bonds must carry a credit rating of at least A3 by Moody’s or A- by S&P, and at all times corporate bonds are to be investment grade, which is defined as Baa3 for Moody’s and BBB- for S&P, or above. As of December 31, 2024, all of the Corporation’s corporate bonds carried at least one single A credit rating of A3 by Moody’s or A- by S&P. All were considered investment grade.
v3.25.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
LEASES

NOTE Q – LEASES

 

A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. For the Corporation, Topic 842 primarily affects the accounting treatment for operating lease agreements in which the Corporation is the lessee.

 

All of these leases in which the Corporation is the lessee are comprised of real estate property for branches and office space with terms extending through 2042. All of the Corporation’s leases are classified as operating leases.

 

The following table represents the Consolidated Balance Sheet classification of the Corporation’s Right-of-Use (ROU) assets and lease liabilities.

 

Lease Consolidated Balance Sheets Classification         
(Dollars in Thousands)  Classification  December 31, 2024  December 31, 2023
Lease Right-of-Use Assets             
              
Operating lease right-of use assets  Other Assets  $2,347   $2,736 
              
Lease Liabilities             
Operating lease liabilties  Other Liabilities  $2,405   $2,781 

 

The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to determine the present value of the minimum lease payments. The Corporation’s lease agreements often include one or more options to renew at the Corporation’s discretion. If at lease inception, the Corporation considers the exercising of a renewal option to be reasonably certain, the Corporation will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As the rate is rarely determinable, the Corporation utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term.

   December 31, 2024  December 31, 2023
Weighted-average remaining lease term          
Operating leases   12.3 years    12.2 years 
Weighted-average discount rate          
Operating leases   2.88%    2.85% 

 

The total rent expense for all operating leases was $496,000 and $468,000 for the years ended December 31, 2024 and 2023, respectively. As the Corporation elected, for all classes of underlying assets, not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance and utilities.

 

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows:

 

(Dollars in Thousands)  Operating Leases
Twelve Months Ended:     
December 31, 2025  $346 
December 31, 2026   239 
December 31, 2027   228 
December 31, 2028   232 
December 31, 2029   237 
Thereafter   1,582 
Total Future Minimum Lease Payments   2,864 
Amounts Representing Interests   (459)
Present Value of Net Future Minimum Lease Payments  $2,405 
v3.25.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2024
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE R - FAIR VALUE MEASUREMENTS

 

U.S. generally accepted accounting principles establish a hierarchal disclosure framework associated with the level of observable pricing utilized in measuring assets and liabilities at fair value. The three broad levels defined by the hierarchy are as follows:

 

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 the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes 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 observable pricing 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 judgement or estimation.

 

This hierarchy requires the use of observable market data when available.

 

The following tables provide the fair market value for assets required to be measured and reported at fair value on a recurring basis on the Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023, by level within the fair value hierarchy. As required by U.S. generally accepted accounting principles, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

ASSETS REPORTED AT FAIR VALUE ON A RECURRING BASIS

(DOLLARS IN THOUSANDS)  

   December 31, 2024
   Level I  Level II  Level III  Total
   $  $  $  $
Asssets                    
                     
U.S. Treasuries   18,462    
—
    
—
    18,462 
U.S. government agencies   
—
    18,067    
—
    18,067 
U.S. agency mortgage-backed securities   
—
    34,880    
—
    34,880 
U. S. agency collateralized mortgage obligations   
—
    110,995    
—
    110,995 
Non-agency MBS/CMO   
—
    145,211    
 
    145,211 
Asset-backed securities   
—
    57,268    
—
    57,268 
Corporate bonds   
—
    53,072    
—
    53,072 
Obligations of states and political subdivisions   
—
    178,475    
—
    178,475 
Marketable equity securities   9,710    
—
    
—
    9,710 
Total securities   28,172    597,968    
—
    626,140 
Derivatives and hedging activities   
 
    3,929    
 
    3,929 
                     
Liabilities                    
                     
Derivatives and hedging activities        
—
         
—
 

 

On December 31, 2024, the Corporation held no securities valued using level III inputs. All of the Corporation’s debt instruments were valued using levels I and II inputs. Level I means each investment has their own quoted prices in an active market and Level II means quoted prices are available and observable but not necessarily quotes on identical securities traded in active markets on a daily basis. The Corporation’s CRA fund investments and bank stocks are fair valued utilizing level I inputs.

 

Financial instruments are considered level III when their values are determined using pricing models, discounted cash flow methodologies, or similar techniques, and at least one significant model assumption or input is unobservable. In addition to these unobservable inputs, the valuation models for level III financial instruments typically also rely on a number of inputs that are readily observable either directly or indirectly. Level III financial instruments also include those for which the determination of fair value requires significant management judgment or estimation.

 

ASSETS REPORTED AT FAIR VALUE ON A RECURRING BASIS

(DOLLARS IN THOUSANDS)  

   December 31, 2023
   Level I  Level II  Level III  Total
   $  $  $  $
             
U.S. Treasuries   18,159    
—
    
—
    18,159 
U.S. government agencies   
—
    17,538    
—
    17,538 
U.S. agency mortgage-backed securities   
—
    40,156    
—
    40,156 
U. S. agency collateralized mortgage obligations   
—
    19,837    
—
    19,837 
Non-agency MBS/CMO   
—
    56,187    
 
    56,187 
Asset-backed securities   
—
    65,305    
—
    65,305 
Corporate bonds   
—
    55,004    
—
    55,004 
Obligations of states and political subdivisions   
—
    187,383    
—
    187,383 
Marketable equity securities   9,451    
—
    
—
    9,451 
                     
Total securities   27,610    441,410    
—
    469,020 

 

On December 31, 2023, the Corporation held no securities valued using level III inputs. All of the Corporation’s debt instruments were valued using levels I and II inputs. Level I means each investment has their own quoted prices in an active market and Level II means quoted prices are available and observable but not necessarily quotes on identical securities traded in active markets on a daily basis. The Corporation’s CRA fund investments and bank stocks are fair valued utilizing level I inputs because the funds have their own quoted prices in an active market.

The following table provides the fair value for each class of assets required to be measured and reported at fair value on a nonrecurring basis on the Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023, by level within the fair value hierarchy:

 

ASSETS MEASURED ON A NONRECURRING BASIS

(DOLLARS IN THOUSANDS)

   December 31, 2024
   Level I  Level II  Level III  Total
   $  $  $  $
Assets:                    
Individually analyzed Loans   
—
    
—
    13,203    13,203 
    
—
    
—
    13,203    13,203 

 

 

   December 31, 2023
   Level I  Level II  Level III  Total
   $  $  $  $
Assets:                    
Individually analyzed Loans   
—
    
—
    3,144    3,144 
Total   
—
    
—
    3,144    3,144 

 

The Corporation had a total of $13,976,000 of individually analyzed loans with $773,000 specific allocation against these loans as of December 31, 2024. As of December 31, 2023, the Corporation had a total of $3,144,000 of individually analyzed loans with no specific allocation against these loans. The value of individually analyzed loans is generally determined through independent appraisals of the underlying collateral.

 

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized level III inputs to determine fair value:

 

QUANTITATIVE INFORMATION ABOUT LEVEL III FAIR VALUE MEASUREMENTS

(DOLLARS IN THOUSANDS)

 

  December 31, 2024
  Fair Value Valuation Unobservable Range
  Estimate Techniques Input (Weighted Avg)
         
Individually analyzed loans 13,203 Appraisal of collateral (1) Appraisal adjustments (2) 0% to -20% (-20%)
      Liquidation expenses (2) 0% to -10% (-10%)

 

  December 31, 2023
  Fair Value Valuation Unobservable Range
  Estimate Techniques Input (Weighted Avg)
         
Individually analyzed loans 3,144 Appraisal of collateral (1) Appraisal adjustments (2) 0% to -20% (-20%)
      Liquidation expenses (2) 0% to -10% (-10%)

 

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various level III inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
v3.25.1
Disclosures About Fair Value of Financial Instruments
 12 Months Ended
Dec. 31, 2024
Disclosures About Fair Value of Financial Instruments [Abstract]  
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

NOTE S - DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

 

The following tables provide the carrying amount for each class of assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Corporation's Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023:

 

FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

(DOLLARS IN THOUSANDS)

   December 31, 2024
         Quoted Prices in      
         Active Markets  Significant Other  Significant
         for Identical  Observable  Unobservable
   Carrying     Assets  Inputs  Inputs
   Amount  Fair Value  (Level 1)  (Level II)  (Level III)
   $  $  $  $  $
Financial Assets:                         
Cash and cash equivalents   68,909    68,909    68,909    
—
    
—
 
Regulatory stock   10,789    10,789    10,789    
—
    
—
 
Loans held for sale   3,996    3,996    3,996    
—
    
—
 
Loans, net of allowance   1,411,147    1,374,663    
—
    
—
    1,374,663 
Mortgage servicing assets   2,364    3,179    
—
    
—
    3,179 
Accrued interest receivable   8,624    8,624    8,624    
—
    
—
 
Bank owned life insurance   36,014    36,014    36,014    
—
    
—
 
                          
Financial Liabilities:                         
Demand deposits   631,711    631,711    631,711    
—
    
—
 
Interest-bearing demand deposits   384,236    384,236    384,236    
—
    
—
 
Money market deposit accounts   162,514    162,514    162,514    
—
    
—
 
Savings accounts   280,526    280,526    280,526    
—
    
—
 
Time deposits   431,456    432,958    
—
    
—
    432,958 
Total deposits   1,890,443    1,891,945    1,458,987    
—
    432,958 
                          
Short-term debt   60,000    60,000    60,000    
—
    
—
 
Long-term debt   83,822    83,841    
—
    
—
    83,841 
Subordinated debt   39,716    35,593    
—
    
—
    35,593 
Accrued interest payable   3,169    3,169    3,169    
—
    
—
 

FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

(DOLLARS IN THOUSANDS)

 

   December 31, 2023
         Quoted Prices in      
         Active Markets  Significant Other  Significant
         for Identical  Observable  Unobservable
   Carrying     Assets  Inputs  Inputs
   Amount  Fair Value  (Level 1)  (Level II)  (Level III)
   $  $  $  $  $
Financial Assets:                         
Cash and cash equivalents   88,996    88,996    88,996    
—
    
—
 
Regulatory stock   8,540    8,540    8,540    
—
    
—
 
Loans held for sale   352    352    352    
—
    
—
 
Loans, net of allowance   1,344,902    1,300,300    
—
    
—
    1,300,300 
Mortgage servicing assets   2,151    2,904    
—
    
—
    2,904 
Accrued interest receivable   7,015    7,015    7,015    
—
    
—
 
Bank owned life insurance   35,632    35,632    35,632    
—
    
—
 
                          
Financial Liabilities:                         
Demand deposits   611,968    611,968    611,968    
—
    
—
 
Interest-bearing demand deposits   214,033    214,033    214,033    
—
    
—
 
NOW accounts   99,738    99,738    99,738    
—
    
—
 
Money market deposit accounts   158,446    158,446    158,446    
—
    
—
 
Savings accounts   308,913    308,913    308,913    
—
    
—
 
Time deposits   333,700    331,680    
—
    
—
    331,680 
Total deposits   1,726,798    1,724,778    1,393,098    
—
    331,680 
                          
Long-term debt   101,228    101,509    
—
    
—
    101,509 
Subordinated debt   39,556    33,976    
—
    
—
    33,976 
Accrued interest payable   2,203    2,203    2,203    
—
    
—
 
v3.25.1
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE T – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 

The activity in accumulated other comprehensive income (loss) for the years ended December 31, 2024 and 2023 is as follows:

 

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (1) (2)

(DOLLARS IN THOUSANDS)  

   Accumulated Other Comprehensive Loss
   Unrealized      
   Gains/(Losses)      
   on Securities      
   Available-for-Sale  Derivatives  Total
   $  $  $
Balance at January 1, 2024   (34,355)   
—
    (34,355)
                
Other comprehensive (losses) income before reclassifications   (26)   161    135 
Amount reclassified from accumulated other comprehensive loss   77    
—
    77 
                
Period change   51    161    212 
                
Balance at December 31, 2024   (34,304)   161    (34,143)
                
Balance at January 1, 2023   (48,292)   
—
    (48,292)
                
Other comprehensive income before reclassifications   12,854    
—
    12,854 
Amount reclassified from accumulated other comprehensive income   1,083    
—
    1,083 
Period change               
    13,937    
—
    13,937 
Balance at December 31, 2023               
    (34,355)   
—
    (34,355)

 

(1) All amounts are net of tax.  Related income tax expense or benefit is calculated using a Federal income tax rate of 21%.
(2) Amounts in parentheses indicate debits.      

 

DETAILS ABOUT ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) COMPONENTS (1)

(DOLLARS IN THOUSANDS)   

   Amount Reclassified from   
   Accumulated Other Comprehensive   
   Income (Loss)   
   For the Year Ended   
   December 31,  Affected Line Item
   2024  2023  in the Consolidated
   $  $  Statements of Income
Securities available for sale:             
Net securities losses reclassified into earnings   (97)   (1,371)  Losses on sale of debt securities, net
Related income tax benefit (expense)   20    288   Provision for federal income taxes
Net Effect on accumulated other comprehensive loss for the period   (77)   (1,083)   
              
Total reclassifications for the period   (77)   (1,083)   

 

(1) Amounts in parentheses indicate debits.  
v3.25.1
Derivatives and Hedging Activities
 12 Months Ended
Dec. 31, 2024
Derivatives and Hedging Activities [Abstract]  
DERIVATIVES AND HEDGING ACTIVITIES

NOTE U – DERIVATIVES AND HEDGING ACTIVITIES

 

Risk Management Objective of Using Derivatives

 

The Corporation is exposed to certain risks arising from both its business operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Corporation manages economic risks, including interest rate risk, liquidity risk, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and through the use of derivative financial instruments. Specifically, the Corporation enters into derivative financial instruments to manage exposure that arises from business activities that result in changes in the value of certain assets as a result of interest rate changes. The Corporation’s derivative financial instruments are used to manage these fair value fluctuations principally related to certain fixed rate debt securities.

 

Fair Values of Derivative Instruments on the Consolidated Balance Sheet

 

In 2024, the Corporation entered into certain interest rate swap contracts that are matched to closed portfolios of available-for-sale investment securities. These contracts have been designated as hedging instruments to hedge the risk of changes in the fair value of the underlying investment securities due to changes in interest rates. The related contracts are structured so that the notional amounts reduce over time to generally match the expected amortization of the underlying investment security. The following amounts were recorded on the consolidated balance sheets related to the cumulative basis adjustment for the fair value hedges as of December 31, 2024 and December 31, 2023:

 

   Carrying Amount  Cumulative Amount of Fair Value
   of the Hedged Assets  Hedging Adjustment
   12/31/2024  12/31/2023  12/31/2024  12/31/2023
Investment Securities, Available-for-Sale1  $195,904   $
—
   $(3,758)  $
—
 

 

1 Carrying value represents amortized cost  

 

These amounts were included in the fair value of closed portfolios of available-for-sale investment securities used to designate hedging relationships in which the hedged item is in the stated amount of assets in the closed portfolios anticipated to be outstanding for the designated hedge period. As of December 31, 2024, the fair value of the closed portfolios used in these hedging relationships was $187.4 million. As of December 31, 2024, the notional amount of hedged assets was $193.9 million.

 

The Corporation is exposed to changes in the fair value of fixed-rate assets due to changes in benchmark interest rates. The Corporation entered into pay-fixed and receive-floating interest rate swaps to manage its exposure to changes in the fair value of its available-for-sale investment securities. These interest rate swaps are designated as fair value hedges using the portfolio layer method. The Corporation receives variable-rate interest payments in exchange for making fixed-rate payments over the lives of the contracts without exchanging the notional amounts. The fair value hedges are recorded as components of other assets and other liabilities in the Corporation’s consolidated balance sheets. The gain or loss on these derivatives, as well as the offsetting gain or loss on the hedged items attributable to the hedged risk are recognized in interest income in the Corporation’s consolidated statements of income.

The table below presents the fair value of the Corporation’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of December 31, 2024 and 2023, (in thousands).

 

Fair Values of Derivative Instruments on the Consolidated Balance Sheet

 

      Fair Values of Derivative Instruments
      Asset Derivatives
                      
   Notional  As of December 31, 2024     Notional  As of December 31, 2023     Notional
Hedged Item  Amount  Balance Sheet Location  Fair Value  Amount  Balance Sheet Location  Fair Value  Amount
MBS Bonds  $195,904   Other Assets  $3,929   $193,800    —    
—
    
—
 
FHLB Advances   60,000   Other Assets   
—
    60,000    —    
—
    
—
 
Total derivatives designated as hedging instruments  $255,904      $3,929   $253,800    —    
—
    
—
 

 

Cash Flow Hedges of Interest Rate Risk

 

The Corporation’s objectives in using interest rate derivatives are to add stability to interest income and expense and to manage its exposure to interest rate movements. To accomplish this objective, the Corporation has entered into certain interest rate swaps as part of its interest rate risk management strategy. These interest rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for the Corporation making fixed payments. As of December 31, 2024, the Corporation had two interest rate swaps with a notional of $60 million associated with the Corporation’s cash outflows associated with two short term FHLB advances.

 

For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is initially reported in other comprehensive income (outside of earnings), net of tax, and subsequently reclassified to earnings when the hedged transaction affects earnings, and the ineffective portion of changes in the fair value of the derivative is recognized directly in earnings. The Corporation assesses the effectiveness of each hedging relationship by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged transactions. The Corporation did not recognize any hedge ineffectiveness in earnings during the period ended December 31, 2024.

 

Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Corporation’s variable-rate liabilities. During the period ended December 31, 2024, the Corporation had $73,000 in gains, classified as a reduction in interest expense.

 

The table below presents the effect of the Bank’s cash flow hedge accounting on Accumulated Other Comprehensive Income for the periods ended December 31, 2024 and December 31, 2023 (in thousands).

 

The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)

 

   Amount of (Loss) Gain Recognized
in OCI on Derivative		     Amount of Gain Reclassified
from Accumulated OCI into
Income
   Year Ended  Year Ended  Location of Gain Reclassified  Year Ended  Year Ended
   December 31,  December 31,  from Accumulated OCI into  December 31,  December 31,
   2024  2023  Income  2024  2023
Derivatives in Cash Flow Hedging Relationships                       
Interest Rate Products  $204   $
—
   Interest Expense  $(73)  $
—
 

Credit-risk-related Contingent Features

 

The Corporation has agreements with its derivative counterparties that contain a provision where if the Corporation defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Corporation could also be declared in default on its derivative obligations.

 

The Corporation also has agreements with certain of its derivative counterparty that contain a provision where if the Corporation fails to maintain its status as a well / adequately capitalized institution, then the counterparty could terminate the derivative positions and the Corporation would be required to settle its obligations under the agreements.

 

As of December 31, 2024, the Corporation had derivatives in a net asset position and was not required to post collateral against its obligations under these agreements. If the Corporation had breached any of these provisions at December 31, 2024, it could have been required to settle its obligations under the agreements at the termination value.
v3.25.1
Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE V – SEGMENT REPORTING

 

ASC Topic 280 – Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Corporation’s Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to develop strategy, allocate resources and assess performance.

 

While the Corporation monitors the revenue streams of the various products and services, operations are managed, and financial performance is evaluated on an entity-wide basis. The Corporation provides a variety of financial services to individuals and small businesses in Lancaster County, southeastern Lebanon County, and southwestern Berks County through its branch network. Its primary deposit products are checking, savings and term certificate accounts, and its primary lending products are commercial, agricultural, residential and construction mortgages, small business, and consumer loans.

 

Operating segments are aggregated into one segment, as operating results for all segments are similar. Accordingly, all the financial service operations are considered by management to be aggregated in one reportable operating segment, Community Banking.

The Chief Operating Decision Maker assesses performance and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. Net income is used to monitor budget versus actual results.

 

The Chief Operating Decision Maker uses revenue streams and significant expenses to assess performance and evaluate return on assets and return on equity. The Chief Operating Decision Maker uses consolidated net income to benchmark the Corporation against its competitors. The benchmarking analysis and budget to actual results are used in assessing performance and in establishing compensation.

 

The accounting policies for the Community Banking segment are the same as those of our consolidated entity, which are described in Note A. Information utilized in the performance assessment by the Chief Operating Decision Maker is consistent with the level of aggregation disclosed in the Consolidated Statement of Income. The measure of segment assets is reported on the balance sheet as total consolidated assets.
v3.25.1
Condensed Parent Only Data
 12 Months Ended
Dec. 31, 2024
Condensed Parent Only Data [Abstract]  
CONDENSED PARENT ONLY DATA

NOTE W – CONDENSED PARENT ONLY DATA

 

Condensed Balance Sheets (Parent Company Only)      
(DOLLARS IN THOUSANDS)  December 31,
   2024  2023
   $  $
Assets          
Cash   1,218    2,969 
Equity securities   1,193    1,717 
Equity in bank subsidiary   166,696    153,434 
Other assets   1,616    1,100 
Total assets   170,723    159,220 
           
Liabilities          
Subordinated debt   39,716    39,556 
Other Liabilities   23    10 
Total Liabilities   39,739    39,566 
           
Stockholders' Equity          
Common stock   574    574 
Capital surplus   3,957    4,072 
Retained earnings   162,006    150,596 
Accumulated other loss, net of tax   (34,143)   (34,355)
Treasury stock   (1,410)   (1,233)
Total stockholders' equity   130,984    119,654 
           
Total liabilities and stockholders' equity   170,723    159,220 

 

Condensed Statements of Comprehensive Income      
(DOLLARS IN THOUSANDS)  Year Ended December 31,
   2024  2023
   $  $
Income          
Dividend income - investment securities   74    71 
Losses on equity securities, net   256    (126)
Dividend income   3,906    3,837 
Undistributed earnings of bank subsidiary   12,989    10,438 
Total income   17,225    14,220 
           
Expense          
Subordinated debt interest expense   1,950    1,950 
Shareholder expenses   178    176 
Other expenses   209    234 
Total expense   2,337    2,360 
Benefit for income taxes   (429)   (515)
           
Net Income   15,317    12,375 
Comprehensive Income   15,529    26,312 

Condensed Statements of Cash Flows

(DOLLARS IN THOUSANDS)

 

   Year Ended December 31,
   2024  2023
Cash Flows from Operating Activities:  $  $
Net Income   15,317    12,375 
Equity in undistributed earnings of subsidiaries   (12,989)   (10,438)
(Gains) losses on equity securities, net   (256)   125 
Net amortization of subordinated debt fees   160    160 
Net decrease (increase) in other assets   945    (332)
Net decrease in other liabilities   (1,449)   (16)
Net cash provided by operating activities   1,728    1,874 
           
Cash Flows from Investing Activities:          
Proceeds from sales of equity securities   781    
—
 
Purchases of equity securities   
—
    (70)
Net cash provided by (used for) investing activities   781    (70)
           
Cash Flows from Financing Activities:          
Proceeds from sale of treasury stock   965    973 
Treasury stock purchased   (1,318)   (572)
Dividends paid   (3,907)   (3,837)
Net cash used for financing activities   (4,260)   (3,436)
           
Cash and Cash Equivalents:          
Net change in cash and cash equivalents   (1,751)   (1,632)
Cash and cash equivalents at beginning of period   2,969    4,601 
Cash and cash equivalents at end of period   1,218    2,969 
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Net Income (Loss) $ 15,317 $ 12,375
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 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
v3.25.1
Insider Trading Policies and Procedures
 3 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Cybersecurity, data privacy, and data protection are critical to our business. In the ordinary course of our business, we collect and store certain confidential information such as the personal information of depositors and borrowers and information about our employees, contractors, vendors, and suppliers. We rely heavily on the secure processing, storage, and transmission of sensitive and confidential financial, personal, and other information in our computer systems and networks.

The Corporation has developed and implemented an Information Security Program based on the Cybersecurity Framework (CSF) best practices and recommendations from the National Institute of Standards and Technology (NIST), applicable regulatory guidance, and other industry standards. Components of the program include a risk assessment program to identify, assess, and mitigate cybersecurity risk; a vendor management program to address third-party cybersecurity risk; a business continuity program (BCP) to ensure continuity of operations; and an incident response program documenting cybersecurity incident response and notification procedures. The Corporation's Information Security Officer (ISO) oversees the programs and reports on their statuses to management committees including the Senior Leadership Committee, ERM Governance Committee, and Operational Risk Committees. The ISO is part of the risk management function, reporting directly to the Chief Risk Officer, who in turn, reports directly to the Board of Directors. The ISO has over twenty years of professional experience in cybersecurity, vendor management, business continuity, and incident response, and holds multiple relevant professional certifications. The ISO provides periodic updates to the Board of Directors, including a comprehensive annual report. The Information Security, Vendor Management, BCP, and Incident Response Programs are approved by the Board annually.

The ISO maintains risk assessments for critical IT systems, vendors, and processes. A third party cybersecurity risk assessment tool, as well as the FFIEC's Cybersecurity Assessment Tool (CAT) are used annually to assess these risks. Third parties are assessed to address their risks according to service type, compliance risk, financial risk, operational risk, and security risk. The level of due diligence and ongoing monitoring that is performed is based on that assessment.

The ISO conducts training on cybersecurity risks for all new employees, and at least annually for existing employees and the Board of Directors. In addition to this training program, simulated phishing attempts are sent to employees on a regular basis to evaluate their understanding of these risks and to provide supplemental training as needed. The Corporation uses data loss prevention and web filtering software to ensure malicious data does not enter the Corporation's network, and sensitive information does not leave the network unless properly secured. Penetration tests and vulnerability scanning are performed on a regular basis. We employ an in-depth, layered, defensive strategy with respect to our products, services, and technology. We leverage people, processes, and technology to manage and maintain cybersecurity controls. We employ various preventative and detective tools designed to monitor, block, and provide alerts regarding suspicious activity, as well as to report on any suspected advanced persistent threats.

Access to data on the Corporation's networks is granted only if needed for job functions. The Information Security Department approves all changes to access and critical systems are subject to annual review.

An Incident Response Team that includes representatives from key areas of the Corporation meets in the event of cybersecurity incidents. This Team receives special training, including an annual tabletop exercise. The Team ensures the proper notifications are made to comply with all relevant laws, rules, regulations, and policies.

During the year ended December 31, 2024, there were no cybersecurity incidents that materially affected or are reasonably likely to materially affect the Corporation.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]

During the year ended December 31, 2024, there were no cybersecurity incidents that materially affected or are reasonably likely to materially affect the Corporation.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Components of the program include a risk assessment program to identify, assess, and mitigate cybersecurity risk; a vendor management program to address third-party cybersecurity risk; a business continuity program (BCP) to ensure continuity of operations; and an incident response program documenting cybersecurity incident response and notification procedures. The Corporation's Information Security Officer (ISO) oversees the programs and reports on their statuses to management committees including the Senior Leadership Committee, ERM Governance Committee, and Operational Risk Committees. The ISO is part of the risk management function, reporting directly to the Chief Risk Officer, who in turn, reports directly to the Board of Directors. The ISO has over twenty years of professional experience in cybersecurity, vendor management, business continuity, and incident response, and holds multiple relevant professional certifications. The ISO provides periodic updates to the Board of Directors, including a comprehensive annual report. The Information Security, Vendor Management, BCP, and Incident Response Programs are approved by the Board annually.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] We leverage people, processes, and technology to manage and maintain cybersecurity controls.
v3.25.1
Accounting Policies, by Policy (Policies)
 12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Nature of Operations

Nature of Operations

ENB Financial Corp, (“the Corporation”) through its wholly owned subsidiary, Ephrata National Bank, provides financial services to Northern Lancaster County and surrounding communities. ENB Financial Corp, a bank holding company, was formed on July 1, 2008, to become the parent company of Ephrata National Bank, which existed as a stand-alone national bank since its formation on April 11, 1881. The Corporation’s wholly owned subsidiary, Ephrata National Bank, offers a full array of banking services including loan and deposit products for both personal and commercial customers, as well as trust and investment services, through thirteen full-service office locations. The Bank has one subsidiary, ENB Insurance, which is a full-service insurance agency that offers a broad range of insurance products to commercial and personal clients. ENB Insurance is managed separately from the banking and related financial services that the Corporation offers.
Basis of Presentation

Basis of Presentation

The consolidated financial statements of ENB Financial Corp and its subsidiary, Ephrata National Bank, (collectively “the Corporation”) conform to U.S. generally accepted accounting principles (GAAP). The preparation of these statements requires that management make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Material estimates of the Corporation, including the allowance for credit losses, are evaluated regularly by management. Actual results could differ from the reported estimates given different conditions or assumptions. Certain items previously reported have been reclassified to conform to the current period’s reporting format. Such reclassifications did not affect net income or stockholders’ equity.

The accounting and reporting policies followed by the Corporation conform with U.S. GAAP and to general practices within the banking industry. All significant intercompany transactions have been eliminated in consolidation. The following is a summary of the more significant policies.
Accounting Pronouncements Adopted in 2024

Accounting Pronouncements Adopted in 2024

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.  ASU 2023-07 became effective for our annual financial statements in 2024 (See Note V - Operating Segments) and will be effective for interim periods within fiscal 2025.
Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of reporting cash flows, cash and cash equivalents are identified as cash and due from banks and include cash on hand, collection items, amounts due from banks, and interest bearing deposits in other banks with maturities of less than 90 days.
Investment Securities

Investment Securities

Management classifies its debt securities at the time of purchase as available for sale (AFS) or held to maturity (HTM). At December 31, 2024 and 2023, all debt securities were classified as AFS, meaning that the Corporation intends to hold them for an indefinite period of time, but not necessarily to maturity. AFS debt securities are stated at estimated fair value, adjusted for amortization of premiums and accretion of discounts which are recognized as adjustments of interest income through call date or maturity. The related unrealized gains and losses are reported as other comprehensive income or loss, net of tax, until realized.
Allowance for Credit Losses- Available for Sale Securities

Allowance for Credit Losses- Available for Sale Securities

The Corporation is required to conduct a credit loss evaluation on AFS securities to determine whether the Corporation has the intent to sell the security or it is more likely than not that it will be required to sell the security before recovery. If these situations apply, the guidance requires the Corporation to reduce the security's amortized cost basis down to its fair value through earnings. The Corporation also evaluates the unrealized losses on AFS securities to determine if a security's decline in fair value below its amortized cost basis is due to credit factors. The evaluation is based upon factors such as the creditworthiness of the underlying borrowers, performance of the underlying collateral, if applicable, and the level of credit support in the security structure. Management also evaluates other factors and circumstances that may be indicative of a decline in the fair value of the security due to a credit factor.

This includes, but is not limited to, an evaluation of the type of security, and extent to which the fair value has been less than amortized cost, and near-term prospects of the issuer. If this assessment indicates that a credit loss exists, the present value of the expected cash flows of the security is compared to the amortized cost basis of the security. Under ASC 326, if the present value of the cash flows expected to be collected is less than the amortized cost, an allowance for credit losses (ACL) is recorded, which is limited by the amount that the fair value is less than the amortized cost. Any additional amount of loss would be due to non-credit factors and is recorded in accumulated other comprehensive income (AOCI), net of tax. If a credit loss is recognized in earnings, subsequent improvements to the expectation of collectability will be recognized through the ACL. If the fair value of the security increases above its amortized cost, the unrealized gain will be recorded in AOCI, net of tax, on the consolidated statements of financial condition.
Equity Securities

Equity Securities

Equity securities include common stocks of public companies and a Community Reinvestment Act-qualified mutual fund that the Corporation has the intent and ability to hold for an indeterminate amount of time. Such securities are reported at fair value with changes in unrealized holding gains and losses recognized through earnings on a monthly basis.
Loans Held for Investment

Loans Held for Investment

Loans receivable, that management has the intent and ability to hold for the foreseeable future, or until maturity or payoff, generally are reported at the outstanding principal balances, reduced by any charge-offs and net of any deferred loan origination fees or costs. Net loan origination fees and costs are deferred and recognized as an adjustment of yield over the contractual life of the loan.

Interest accrues daily on outstanding loan balances. Generally, the accrual of interest discontinues when the ability to collect the loan becomes doubtful or when a loan becomes more than 90 days past due as to principal and interest. These loans are referred to as non-accrual loans. Management may elect to continue the accrual of interest based on the expectation of future payments and/or the sufficiency of the underlying collateral.
Loans Held for Sale

Loans Held for Sale

Loans originated and intended for sale on the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. In general, fixed-rate residential mortgage loans originated by the Corporation and held for sale are carried in the aggregate at the lower of cost or market. The Corporation originates loans for immediate sale with servicing retained and servicing released to several investors. However, the vast majority of the sold mortgages are sold to the Federal Home Loan Bank of Pittsburgh (FHLB) and Fannie Mae, with servicing retained.  As a result, the Corporation has a growing portfolio of mortgages that are serviced on behalf of FHLB and Fannie Mae.  In addition, the Corporation originates FHA, VA, and USDA mortgages which are originated for immediate sale to various investors on a service-released basis.
Allowance for Credit Losses-Loans

Allowance for Credit Losses-Loans

The allowance for credit losses (ACL) is a valuation reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans.  Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.

The ACL is an estimate of expected credit losses, measured over the contractual life of a loan, that considers historical loss experience, current conditions, and forecasts of future economic conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period.

The methodology for determining the ACL has two main components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation of loans that do not share risk characteristics with other loans.

The ACL is measured on a collective (pool) basis when similar risk characteristics exist. The Corporation measures the ACL using the following methods.  Historical credit loss experience is the basis for the estimation of expected credit losses. The Corporation applies historical loss rates to pools of loans with similar risk characteristics.

After consideration of the historic loss calculation, management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information at the balance sheet date. Reasonable and supportable forecast adjustment is based on the unemployment forecast,  BBB Rated Corporate Bond Spread, GDP Growth, Retail Sales, Asset Prices, and Management Judgement. The reasonable and supportable period is the life of the loan as credit loss models used produce reasonable estimates of losses over the life of the loan.   The qualitative adjustments for current conditions are based upon changes in lending policies and procedures, loan portfolio trends, lending management experience, asset quality, loan review, underlying collateral, credit concentrations, and external factors.  These modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve.

The Corporation has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income.

The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore, should be individually assessed. We evaluate all commercial loans that meet the following criteria: 1) when it is determined that foreclosure is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, 3) when it is determined by management that a loan does not share similar risk characteristics with other loans.  Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; 2) the loan’s observable market price; or 3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan balance.

In terms of the Corporation’s loan portfolio, Consumer loans are deemed to have the most risk and therefore carry a higher qualitative adjustment than other portfolio segments.  These loans are highly dependent on their financial condition and therefore are more dependent on economic conditions. Business loans are considered to have more risk than the Agriculture, Home Equity, and Residential Real Estate loans as these loans have accounted for higher levels of charge-offs.  The Corporation’s Non-Owner Occupied CRE portfolio has performed well historically with no losses in the look-back period.  Overall, the Corporation has historically experienced very low levels of delinquencies, non-accrual loans, and charge-offs. Qualitative factors are set and adjusted accordingly. 
Non-Accrual Loans

Non-Accrual Loans

Management will place a business or commercial loan on non-accrual status when it is determined that the loan is impaired, or when the loan is 90 days past due. These customers will generally be placed on non-accrual status at the end of each quarter. Consumer loans over 90 days delinquent are generally charged off, or in the case of residential real estate loans the Corporation will seek to bring the customer current or pursue foreclosure options. When the borrower is on non-accrual, the Corporation will reverse any accrued interest on the books and will discontinue recognizing any interest income until the borrower is placed back on accrual status or fully pays off the loan balance plus any accrued interest. Payments received by the customer while the loan is on non-accrual are fully applied against principal. The Corporation maintains records of the full amount of interest that is owed by the borrower. A non-accrual loan will generally only be placed back on accrual status after the borrower has become current and has demonstrated six consecutive months of non-delinquency.
Allowance for Off-Balance Sheet Extensions of Credit

Allowance for Off-Balance Sheet Extensions of Credit

The Corporation maintains an allowance for off-balance sheet extensions of credit, which would include any unadvanced amount on lines of credit and any letters of credit provided to borrowers.  The allowance is carried as a liability and is included in other liabilities on the Corporation’s Consolidated Balance Sheets.  The liability was $1,323,000 as of December 31, 2024, and $1,325,000 as of December 31, 2023.  As the unadvanced portion of lines of credit increases, this provision will increase.  

Management follows the same methodology as the allowance for credit losses when calculating the allowance for off-balance sheet extensions of credit. The unadvanced amounts for each loan segment are broken down by credit classification.  A historical loss ratio and qualitative factors are calculated for each credit classification by loan type.  The historical loss ratio and qualitative factor are combined to produce an adjusted loss ratio, which is multiplied by the amount at risk for each credit classification within each loan segment to arrive at an allocation.  The allocations are summed to arrive at the total allowance for off-balance sheet extensions of credit.
Other Real Estate Owned (OREO)

Other Real Estate Owned (OREO)

OREO represents properties acquired through customer loan defaults. These properties are recorded at the lower of cost or fair value less projected disposal costs at acquisition date. Fair value is determined by current appraisals. Costs associated with holding OREO are charged to operational expense. OREO is a component of other assets on the Corporation’s Consolidated Balance Sheets. The Corporation had no OREO as of December 31, 2024, or December 31, 2023.
Mortgage Servicing Rights (MSRs)

Mortgage Servicing Rights (MSRs)

The Corporation has agreements for the express purpose of selling residential mortgage loans on the secondary market, referred to as mortgage servicing rights. The Corporation maintains all servicing rights for loans currently sold through FHLB and Fannie Mae. The Corporation had $2,364,000 of MSRs as of December 31, 2024, compared to $2,151,000 as of December 31, 2023. The value of MSRs increased during 2024 as valuation of new assets outpaced amortization on existing assets. The value of newly originated MSRs is determined by estimating the life of the mortgage and how long the Corporation will have access to the servicing income stream to determine the relative fair value. The Corporation utilizes a third party that calculates the MSR valuation on a quarterly basis.

A longer estimated life would increase the MSR valuation, while a shorter estimated life would decrease the value of the MSR. Management records the MSR value based on the third-party reporting. Ultimately the value of the MSRs would be at what level a willing buyer and seller would exchange the MSRs. MSRs are amortized in proportion to the estimated servicing income over the estimated life of the servicing portfolio. Impairment is evaluated based on the fair value of the rights, portfolio interest rates, and prepayment characteristics. MSRs are a component of other assets on the Consolidated Balance Sheets.

The following chart provides the activity of the Corporation’s mortgage servicing rights for the years ended December 31, 2024 and 2023.

MORTGAGE SERVICING RIGHTS

(DOLLARS IN THOUSANDS)

   December 31,
   2024  2023
   $  $
       
Beginning Balance   2,151    2,030 
Additions   584    247 
Amortization   (294)   (64)
Disposals   (77)   (62)
           
Ending Balance   2,364    2,151 
Premises and Equipment

Premises and Equipment

Land is carried at cost. Premises and equipment are carried at cost, less accumulated depreciation. Book depreciation is computed using straight-line methods over the estimated useful lives of generally fifteen to thirty-nine years for buildings and improvements and four to ten years for furniture and equipment. Maintenance and repairs of property and equipment are charged to operational expense as incurred, while major improvements are capitalized. Net gains or losses upon disposition are included in other income or operational expense, as applicable.
Transfer of Assets

Transfer of Assets

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered.  Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Bank-Owned Life Insurance (BOLI)

Bank-Owned Life Insurance (BOLI)

BOLI is carried by the Corporation at the cash surrender value of the underlying policies. Income earned on the policies is based on any increase in cash surrender value less the cost of the insurance, which varies according to age and health of the insured. The life insurance policies owned by the Corporation had a cash surrender value of $36,014,000 and $35,632,000 as of December 31, 2024, and 2023, respectively.
Leases

Leases

The Corporation has operating leases for several branch locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Corporation may also lease certain office equipment under operating leases. Many of the Corporation’s leases include both lease (e.g., minimum rent payments) and non-lease components (e.g., common-area or other maintenance costs). The Corporation accounts for each component separately based on the standalone price of each component. In addition, there are several operating leases with lease terms of less than one year and therefore, we have elected the practical expedient to exclude these short-term leases from our right of use assets and lease liabilities.

Most leases include one or more options to renew. The exercise of lease renewal options is typically at the sole discretion of management and is based on whether the extension options are reasonably certain to be exercised after giving proper consideration to all facts and circumstances of the lease. If management determines that the Corporation is reasonably certain to exercise the extension option(s), the additional term is included in the calculation of the lease liability.

As most of the leases do not provide an implicit rate, the Corporation uses the fully collateralized FHLB borrowing rate, commensurate with the lease terms based on the information available at the lease commencement date in determining the present value of the lease payments.
Advertising Costs

Advertising Costs

The Corporation expenses advertising costs as incurred.
Income Taxes

Income Taxes

An asset and liability approach is followed for financial accounting and reporting for income taxes. Accordingly, a net deferred tax asset or liability is recorded in the consolidated financial statements for the tax effects of temporary differences, which are items of income and expense reported in different periods for income tax and financial reporting purposes. Deferred tax expense is determined by the change in the assets or liabilities related to deferred income taxes. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.
Earnings per Share

Earnings per Share

Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period less any unvested restricted shares. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Corporation relate solely to outstanding stock options and are determined using the treasury stock method. Treasury shares are not deemed outstanding for earnings per share calculations.
Comprehensive Income (Loss)

Comprehensive Income (Loss)

The Corporation is required to present comprehensive income (loss) in a full set of general-purpose consolidated financial statements for all periods presented. Other comprehensive income (loss) consists of unrealized holding gains and losses on the available for sale securities portfolio.
Segment Disclosure

Segment Disclosure

U.S. generally accepted accounting principles establish standards for the manner in which public business enterprises report information about segments in the annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports issued to shareholders. It also establishes standards for related disclosures regarding financial products and services, geographic areas, and major customers. Operating segments are aggregated into one segment, as operating results for all segments are similar. Accordingly, all the financial service operations are considered by management to be aggregated in one reportable operating segment, Community Banking.
Retirement Plans

Retirement Plans

The Corporation provides an optional 401(k) plan, in which employees may elect to defer pre-tax salary dollars, subject to the maximum annual Internal Revenue Service contribution amounts.  The Corporation will match 50% of employee contributions up to 5%, limiting the match to 2.5%.

As part of the 401(k) Plan, the Corporation also has a noncontributory Profit Sharing Plan which covers substantially all employees. The Corporation provides a 3% non-elective contribution to all employees and contributes a 2% elective contribution to all employees aged 21 or older who work 1,000 or greater hours in a calendar year and have completed at least one full year of employment. 
Trust Assets and Income

Trust Assets and Income

Assets held by ENB’s Wealth Solutions Group in a fiduciary or agency capacity for customers are not included in the Corporation’s Consolidated Balance Sheets since these items are not assets of the Corporation. Trust income is reported in the Corporation’s Consolidated Statements of Income under other income.
Revenue from Contracts with Customers

Revenue from Contracts with Customers

The Corporation records revenue from contracts with customers in accordance with Accounting Standards Topic 606, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Corporation must identify contracts with customers, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when the Corporation satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods.

The Corporation’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The Corporation has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Corporation generally fully satisfies its performance obligations on its contracts with customers as

services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers.
Reclassification of Comparative Amounts

Reclassification of Comparative Amounts

Certain comparative amounts for the prior year have been reclassified to conform to current-year classifications. Such reclassifications had no material effect on net income or stockholders’ equity.
Recently Issued Accounting Standards

Recently Issued Accounting Standards

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which provides for improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information.  This guidance is effective for public business entities for annual period beginning after December 15, 2024.  The adoption of ASU 2023-09 is not expected to have a significant impact on the Corporation’s consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures. This ASU requires disclosure in the notes to financial statements of specified information about certain costs and expenses. Specific disclosures are required for (a) purchases of inventory, (b) employee compensation, (c) depreciation, (d) intangible asset amortization, and (e) depreciation, depletion, and amortization recognized as part of oil and gas producing activities. The amendments in this Update do not change or remove current expense disclosure requirements. However, the amendments affect where this information appears in the notes to financial statements because entities are required to include certain current disclosures in the same tabular format disclosure as the other disaggregation requirements in the amendments. The amendments in ASU 2024-03 apply only to public business entities and are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted.  The Corporation is currently evaluating the impact of this new guidance on its financial statements.
v3.25.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Mortgage Servicing Rights

The following chart provides the activity of the Corporation’s mortgage servicing rights for the years ended December 31, 2024 and 2023.

   December 31,
   2024  2023
   $  $
       
Beginning Balance   2,151    2,030 
Additions   584    247 
Amortization   (294)   (64)
Disposals   (77)   (62)
           
Ending Balance   2,364    2,151 
v3.25.1
Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities

The amortized cost, gross unrealized gains and losses, estimated fair value, and allowance for credit losses of investment securities held at December 31, 2024 are as follows:

 

      Gross  Gross  Allowance   
   Amortized  Unrealized  Unrealized  for Credit  Fair
   Cost  Gains  Losses  Losses  Value
   $  $  $  $  $
                
December 31, 2024                         
U. S. Treasuries   19,900    
—
    (1,438)   
—
    18,462 
U.S. government agencies   19,400    
—
    (1,333)   
—
    18,067 
U.S. agency mortgage-backed securities   38,000    
—
    (3,120)   
—
    34,880 
U.S. agency collateralized mortgage obligations   116,272    
—
    (5,277)   
—
    110,995 
Non-agency MBS/CMO   152,096    16    (6,901)   
—
    145,211 
Asset-backed securities   57,543    123    (398)   
—
    57,268 
Corporate bonds   57,423    
—
    (4,351)   
—
    53,072 
Obligations of states and political subdivisions   203,044    
—
    (24,569)   
—
    178,475 
Total securities available for sale   663,678    139    (47,387)   
—
    616,430 

 

The amortized cost, gross unrealized gains and losses, and estimated fair value of investment securities held at December 31, 2023, are as follows:

 

      Gross  Gross  Allowance   
   Amortized  Unrealized  Unrealized  for Credit  Fair
   Cost  Gains  Losses  Losses  Value
   $  $  $  $  $
Decmber 31, 2023                         
U. S. Treasuries   19,869    
—
    (1,710)   
—
    18,159 
U.S. government agencies   19,400    
—
    (1,862)   
—
    17,538 
U.S. agency mortgage-backed securities   43,753    
—
    (3,597)   
—
    40,156 
U.S. agency collateralized mortgage obligations   21,841    
—
    (2,004)   
—
    19,837 
Non-agency MBS/CMO   59,281    22    (3,116)   
—
    56,187 
Asset-backed securities   66,391    20    (1,106)   
—
    65,305 
Corporate bonds   61,122    
—
    (6,118)   
—
    55,004 
Obligations of states and political subdivisions   211,400    1    (24,018)   
—
    187,383 
Total securities available for sale   503,057    43    (43,531)   
—
    459,569 
Schedule of Contractual Maturity of Debt Securities

CONTRACTUAL MATURITY OF DEBT SECURITIES

   Amortized   
   Cost  Fair Value
   $  $
Due in one year or less   15,722    15,617 
Due after one year through five years   94,752    87,858 
Due after five years through ten years   72,702    62,796 
Due after ten years   480,502    450,159 
Total debt securities   663,678    616,430 
Schedule of Proceeds from Sales of Securities Available for Sale

PROCEEDS FROM SALES OF SECURITIES AVAILABLE FOR SALE

   Securities Available for Sale
   2024  2023
   $  $
Proceeds from sales   5,019    61,089 
Gross realized gains   
—
    4 
Gross realized losses   97    1,375 
Schedule of Temporary Impairments of Securities

UNREALIZED LOSSES OF SECURITIES

   Less than 12 months  More than 12 months  Total
      Gross     Gross     Gross
   Fair  Unrealized  Fair  Unrealized  Fair  Unrealized
   Value  Losses  Value  Losses  Value  Losses
   $  $  $  $  $  $
As of December 31, 2024                  
U.S. Treasuries   
—
    
—
    18,462    (1,438)   18,462    (1,438)
U.S. government agencies   
—
    
—
    18,067    (1,333)   18,067    (1,333)
U.S. agency mortgage-backed securities   
—
    
—
    34,880    (3,120)   34,880    (3,120)
U.S. agency collateralized mortgage obligations   93,239    (3,584)   17,756    (1,693)   110,995    (5,277)
Non-Agency MBS/CMO   107,316    (4,930)   33,606    (1,971)   140,922    (6,901)
Asset-backed securities   4,938    (39)   26,376    (359)   31,314    (398)
Corporate bonds   
—
    
—
    53,072    (4,351)   53,072    (4,351)
Obligations of states & political subdivisions   1,639    (400)   176,806    (24,169)   178,445    (24,569)
Total unrealized losses   207,132    (8,953)   379,025    (38,434)   586,157    (47,387)
                               
As of December 31, 2023                              
U.S. Treasuries   
—
    
—
    18,159    (1,710)   18,159    (1,710)
U.S. government agencies   
—
    
—
    17,538    (1,862)   17,538    (1,862)
U.S. agency mortgage-backed securities   
—
    
—
    40,147    (3,597)   40,147    (3,597)
U.S. agency collateralized mortgage obligations   
—
    
—
    19,837    (2,004)   19,837    (2,004)
Non-Agency MBS/CMO   11,189    (119)   41,966    (2,997)   53,155    (3,116)
Asset-backed securities   2,661    (47)   57,049    (1,059)   59,710    (1,106)
Corporate bonds   
—
    
—
    55,004    (6,118)   55,004    (6,118)
Obligations of states & political subdivisions   
—
    
—
    186,819    (24,018)   186,819    (24,018)
Total unrealized losses   13,850    (166)   436,519    (43,365)   450,369    (43,531)
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Equity Securities

The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of equity securities held at December 31, 2024 and December 31, 2023.

 

      Gross  Gross   
(DOLLARS IN THOUSANDS)  Amortized  Unrealized  Unrealized  Fair
   Cost  Gains  Losses  Value
   $  $  $  $
December 31, 2024                    
CRA-qualified mutual funds   8,517    
—
    
—
    8,517 
Bank stocks   1,233    101    (141)   1,193 
Total equity securities   9,750    101    (141)   9,710 

 

      Gross  Gross   
(DOLLARS IN THOUSANDS)  Amortized  Unrealized  Unrealized  Fair
   Cost  Gains  Losses  Value
   $  $  $  $
December 31, 2023                    
CRA-qualified mutual funds   7,734    
—
    
—
    7,734 
Bank stocks   1,754    144    (181)   1,717 
Total equity securities   9,488    144    (181)   9,451 
Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings

The following table presents the net gains and losses on the Corporation’s equity investments recognized in earnings during the year ended December 31, 2024 and 2023, and the portion of unrealized gains and losses for the periods that relates to equity investments held as of December 31, 2024 and 2023.

   Year Ended  Year Ended
   December 31,
2024		  December 31,
2023
   $  $
       
Net gains (losses) recognized in equity securities during the period   256    (125)
           
Less:  Net gains realized on the sale of equity securities during the period   259    
—
 
           
Unrealized losses recognized in equity securities held at reporting date   (3)   (125)
v3.25.1
Loans and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2024
Loans and Allowance For Credit Losses [Abstract]  
Schedule of Loan Portfolio by Category

The following table presents the Corporation’s loan portfolio by category of loans as of December 31, 2024 and December 31, 2023 (in thousands):

 

   December 31,   December 31, 
   2024   2023 
   $   $ 
         
Agriculture   289,284    257,372 
Business Loans   360,805    354,252 
Consumer   6,603    6,392 
Home Equity   118,329    107,176 
Non-Owner Occupied Commercial Real Estate   136,298    135,117 
Residential Real Estate (a)   514,120    497,553 
           
Gross loans prior to deferred costs   1,425,439    1,357,862 
           
Deferred loan costs, net   1,830    2,216 
Allowance for credit losses   (16,122)   (15,176)
Total net loans   1,411,147    1,344,902 

 

(a) Real estate loans serviced for others, which are not included in the Consolidated Balance Sheets, totaled $342,640,000 as of December 31, 2024 and $301,822,000 as of December 31, 2023.  
Schedule of Recorded Investment by Internal Risk Rating System for Commercial Credit Exposure

Based on the most recent analysis performed, the following table presents the recorded investment by internal risk rating system for Commercial Credit exposure as of December 31, 2024 in accordance with ASC 326 (in thousands):

 

                                     
                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
December 31, 2024  2024   2023   2022   2021   2020   Prior   Cost Basis   to Term   Total 
Agriculture                                    
Risk Rating                                             
Pass  $30,261   $49,814   $38,824   $44,513   $17,156   $63,007   $24,359   $
—
   $267,934 
Special Mention   1,033    174    17    6,411    
—
    1,555    1,714    
—
    10,904 
Substandard   413    1,904    1,522    1,679    1,287    3,275    366    
—
    10,446 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $31,707   $51,892   $40,363   $52,603   $18,443   $67,837   $26,439   $
—
   $289,284 
                                              
Agriculture                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $25   $
—
   $
—
   $25 
                                              
Business Loans                                             
Risk Rating                                             
Pass  $61,110   $38,875   $86,326   $53,149   $29,095   $44,956   $37,440   $
—
   $350,951 
Special Mention   
—
    
—
    
—
    409    
—
    258    
—
    
—
    667 
Substandard   
—
    2,816    2,030    
—
    
—
    875    3,466    
—
    9,187 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $61,110   $41,691   $88,356   $53,558   $29,095   $46,089   $40,906   $
—
   $360,805 
                                              
Business Loans                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Non-Owner Occupied CRE                                             
Risk Rating                                             
Pass  $3,971   $36,562   $33,912   $26,695   $14,729   $16,986   $
—
   $
—
   $132,855 
Special Mention   
—
    
—
    
—
    
—
    
—
         
—
    
—
    
—
 
Substandard   
—
    382    
—
    
—
    
—
    3,061    
—
    
—
    3,443 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $3,971   $36,944   $33,912   $26,695   $14,729   $20,047   $
—
   $
—
   $136,298 
                                              
Non-Owner Occupied CRE                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Risk Rating                                             
Pass  $95,342   $125,251   $159,062   $124,357   $60,980   $124,949   $61,799   $
—
   $751,740 
Special Mention   1,033    174    17    6,820    
—
    1,813    1,714    
—
    11,571 
Substandard   413    5,102    3,552    1,679    1,287    7,211    3,832    
—
    23,076 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $96,788   $130,527   $162,631   $132,856   $62,267   $133,973   $67,345   $
—
   $786,387 

Based on the most recent analysis performed, the following table presents the recorded investment by internal risk rating system for Commercial Credit exposure as of December 31, 2023 in accordance with ASC 326 (in thousands):

 

                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
December 31, 2023  2023   2022   2021   2020   2019   Prior   Cost Basis   to Term   Total 
Agriculture                                             
Risk Rating                                             
Pass  $47,599   $41,741   $49,276   $18,699   $14,793   $58,459   $21,157   $
—
   $251,724 
Special Mention   60    9    96    697    170    1,136    204    
—
    2,372 
Substandard   
—
    
—
    424    719    361    1,772         
—
    3,276 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $47,659   $41,750   $49,796   $20,115   $15,324   $61,367   $21,361   $
—
   $257,372 
                                              
Agriculture                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Business Loans                                             
Risk Rating                                             
Pass  $43,670   $102,419   $64,030   $36,675   $17,785   $45,583   $37,269   $
—
   $347,431 
Special Mention   
—
    43    426    
—
    
—
    270    100    
—
    839 
Substandard   3,152    1,369    
—
    263    
—
    838    360    
—
    5,982 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $46,822   $103,831   $64,456   $36,938   $17,785   $46,691   $37,729   $
—
   $354,252 
                                              
Business Loans                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Non-Owner Occupied CRE                                             
Risk Rating                                             
Pass  $26,757   $43,976   $27,377   $12,849   $7,705   $12,397   $375   $
—
   $131,436 
Special Mention   392    639    
—
    
—
    
—
    37    
—
    
—
    1,068 
Substandard   
—
    
—
    
—
    
—
    2,312    301    
—
    
—
    2,613 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $27,149   $44,615   $27,377   $12,849   $10,017   $12,735   $375   $
—
   $135,117 
                                              
Non-Owner Occupied CRE                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Risk Rating                                             
Pass  $118,026   $188,136   $140,683   $68,223   $40,283   $116,439   $58,801   $
—
   $730,591 
Special Mention   452    691    522    697    170    1,443    304    
—
    4,279 
Substandard   3,152    1,369    424    982    2,673    2,911    360    
—
    11,871 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $121,630   $190,196   $141,629   $69,902   $43,126   $120,793   $59,465   $
—
   $746,741 

The following table presents the balances of consumer loans by classes of the loan portfolio based on payment performance as of December 31, 2024 in accordance with ASC 326 (in thousands):

 

                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
   2024   2023   2022   2021   2020   Prior   Cost Basis   to Term   Total 
Consumer                                    
Payment Performance                                             
Performing  $3,564   $967   $391   $105   $46   $5   $1,515   $
—
   $6,593 
Nonperforming   
—
    10    
—
    
—
    
—
    
—
    
—
    
—
    10 
Total  $3,564   $977   $391   $105   $46   $5   $1,515   $
—
   $6,603 
                                              
Consumer                                             
Current period gross charge-offs  $
—
   $16   $43   $6   $
—
   $8   $
—
   $
—
   $73 
                                              
Home equity                       —                     
Payment Performance                                             
Performing  $1,899   $6,778   $14,700   $903   $497   $1,560   $91,167    432   $117,936 
Nonperforming   
—
    
—
    
—
    
—
    
—
    3    390    
—
    393 
Total  $1,899   $6,778   $14,700   $903   $497   $1,563   $91,557   $432   $118,329 
                                              
Home equity                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Residential Real Estate                       —                     
Payment Performance                                             
Performing  $67,526   $102,522   $138,668   $98,116   $39,926   $63,412   $
—
   $
—
   $510,170 
Nonperforming   
—
    1,073    1,879    712    
—
    286    
—
    
—
    3,950 
Total  $67,526   $103,595   $140,547   $98,828   $39,926   $63,698   $
—
   $
—
   $514,120 
                                              
Residential Real Estate                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Payment Performance                                             
Performing  $72,989   $110,267   $153,759   $99,124   $40,469   $64,977   $92,682   $432   $634,699 
Nonperforming   
—
    1,083    1,879    712    
—
    289    390    
—
    4,353 
Total  $72,989   $111,350   $155,638   $99,836   $40,469   $65,266   $93,072   $432   $639,052 

The following table presents the balances of consumer loans by classes of the loan portfolio based on payment performance as of December 31, 2023 in accordance with ASC 326 (in thousands): 

 

                           Revolving   Revolving     
   Term Loans Amortized Costs Basis by Origination Year   Loans   Loans     
                           Amortized   Converted     
   2023   2022   2021   2020   2019   Prior   Cost Basis   to Term   Total 
Consumer                                    
Payment Performance                                             
Performing  $3,251   $1,085   $351   $176   $31   $3   $1,482   $
—
   $6,379 
Nonperforming   
—
    13    
—
    
—
    
—
    
—
    
—
    
—
    13 
Total  $3,251   $1,098   $351   $176   $31   $3   $1,482   $
—
   $6,392 
                                              
Consumer                                             
Current period gross charge-offs  $
—
   $39   $17   $1   $1   $6   $
—
   $
—
   $64 
                                              
Home equity                                             
Payment Performance                                             
Performing  $7,086   $18,476   $1,049   $564   $529   $1,847   $76,076    1,399   $107,026 
Nonperforming   
—
    
—
    
—
    
—
    
—
    
—
    150    
—
    150 
Total  $7,086   $18,476   $1,049   $564   $529   $1,847   $76,226   $1,399   $107,176 
                                              
Home equity                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Residential Real Estate                                             
Payment Performance                                             
Performing  $123,368   $148,835   $105,283   $43,961   $31,514   $44,236   $
—
   $
—
   $497,197 
Nonperforming   
—
    
—
    356    
—
    
—
    
—
    
—
    
—
    356 
Total  $123,368   $148,835   $105,639   $43,961   $31,514   $44,236   $
—
   $
—
   $497,553 
                                              
Residential Real Estate                                             
Current period gross charge-offs  $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
   $
—
 
                                              
Total                                             
Payment Performance                                             
Performing  $133,705   $168,396   $106,683   $44,701   $32,074   $46,086   $77,558   $1,399   $610,602 
Nonperforming   
—
    13    356    
—
    
—
    
—
    150    
—
    519 
Total  $133,705   $168,409   $107,039   $44,701   $32,074   $46,086   $77,708   $1,399   $611,121 
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status

The following tables present an age analysis of the Corporation’s past due loans, segregated by loan portfolio class, as of December 31, 2024 and December 31, 2023:

 

   December 31, 2024 
       31-60   61-90   Greater Than         
       Days   Days   90 Days   Total   Total 
   Current   Past Due   Past Due   Past Due   Past Due   Loans 
                         
Agriculture  $288,970   $
—
   $314   $
—
   $314   $289,284 
Business Loans   358,207    2,531    
—
    67    2,598    360,805 
Consumer   6,571    23    
—
    9    32    6,603 
Home Equity   117,451    102    578    198    878    118,329 
Non-Owner Occupied CRE   135,541    
—
    
—
    757    757    136,298 
Residential Real Estate   510,882    808    23    2,407    3,238    514,120 
Total  $1,417,622   $3,464   $915   $3,438   $7,817   $1,425,439 

 

   December 31, 2023 
       31-60   61-90   Greater Than         
       Days   Days   90 Days   Total   Total 
   Current   Past Due   Past Due   Past Due   Past Due   Loans 
                         
Agriculture  $257,372   $
—
   $
—
   $
—
   $
—
   $257,372 
Business Loans   354,008    130    
—
    114    244    354,252 
Consumer   6,361    15    3    13    31    6,392 
Home Equity   106,787    170    69    150    389    107,176 
Non-Owner Occupied CRE   135,117    
—
    
—
    
—
    
—
    135,117 
Residential Real Estate   495,952    1,245    
—
    356    1,601    497,553 
Total  $1,355,597   $1,560   $72   $633   $2,265   $1,357,862 
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due

The following table presents the amortized cost basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of December 31, 2024 and December 31, 2023, (in thousands):

 

   Nonaccrual   Nonaccrual       Loans Past     
   with no   with   Total   Due Over 90 Days   Total 
   ACL   ACL   Nonaccrual   Still Accruing   Nonperforming 
                     
Agriculture  $1,481   $
—
   $1,481   $
—
   $1,481 
Business Loans   5,084    969    6,053    
—
    6,053 
Consumer Loans   
—
    10    10    
—
    10 
Home Equity   393    
—
    393    
—
    393 
Non-Owner Occupied CRE   
—
    
—
    
—
    
—
    
—
 
Residential Real Estate   1,806    2,144    3,950    
—
    3,950 
Total  $8,764   $3,123   $11,887   $
—
   $11,887 

 

   Nonaccrual   Nonaccrual       Loans Past     
   with no   with   Total   Due Over 90 Days   Total 
   ACL   ACL   Nonaccrual   Still Accruing   Nonperforming 
                     
Agriculture  $ 941   $
—
   $ 941   $
—
   $ 941 
Business Loans   1,817    
—
    1,817    
—
    1,817 
Consumer Loans   
—
    
—
    
—
    13    13 
Home Equity   
—
    
—
    
—
    150    150 
Non-Owner Occupied CRE   
—
    
—
    
—
    
—
    
—
 
Residential Real Estate   
—
    
—
    
—
    356    356 
Total  $2,758   $
—
   $2,758   $519   $3,277 
Schedule of Collateral-Dependent Nonaccrual Loans

The following table presents, by class of loans, the collateral-dependent nonaccrual loans and type of collateral as of December 31, 2024 and December 31, 2023 (in thousands).

 

December 31, 2024  Real Estate   Other   None   Total 
Agriculture  $1,481   $
—
   $
—
   $1,481 
Business Loans   5,085    968    
—
    6,053 
Consumer Loans   
—
    
—
    10    10 
Home Equity   393    
—
    
—
    393 
Non-Owner Occupied   
—
    
—
    
—
    
—
 
Residential Real Estate   3,950    
—
    
—
    3,950 
Total  $10,909   $968   $10   $11,887 

 

December 31, 2023  Real Estate   Other   None   Total 
Agriculture  $941   $
—
   $
—
   $941 
Business Loans   1,817    
—
    
—
    1,817 
Consumer Loans   
—
    
—
    
—
    
—
 
Home Equity   
—
    
—
    
—
    
—
 
Non-Owner Occupied   
—
    
—
    
—
    
—
 
Residential Real Estate   
—
    
—
    
—
    
—
 
Total  $2,758   $
—
   $
—
   $2,758 
Schedule of Allowance for Credit Losses by Portfolio Segment

The following table details activity in the allowance for credit losses by portfolio segment for the year ended December 31, 2024 and December 31, 2023:

 

December 31, 2024  Beginning           Provisions   Ending 
   Balance   Charge-offs   Recoveries   (Reductions)   Balance 
Allowance for credit losses:                         
Agriculture  $3,106    (25)   
—
    222    3,303 
Business Loans   2,684    
—
    6    544    3,234 
Consumer Loans   355    (73)   21    24    327 
Home Equity   2,341    
—
    
—
    303    2,644 
Non-Owner Occupied CRE   818    
—
    
—
    115    933 
Residential Real Estate   5,872    
—
    
—
    (191)   5,681 
                          
Total  $15,176   $(98)  $27   $1,017   $16,122 
       Impact of                 
December 31, 2023  Beginning   adopting           Provisions   Ending 
   Balance   ASC 326   Charge-offs   Recoveries   (Reductions)   Balance 
Allowance for credit losses:                              
Commercial Real Estate  $6,074   $(6,074)  $
—
   $
—
   $
—
   $
—
 
Consumer Real Estate   5,442    (5,442)   
—
    
—
    
—
    
—
 
Commercial & Industrial   2,151    (2,151)   
—
    
—
    
—
    
—
 
Agriculture   
—
    3,537    
—
    71    (502)   3,106 
Business Loans   
—
    3,382    
—
    11    (709)   2,684 
Consumer Loans   67    183    (64)   4    165    355 
Home Equity   
—
    2,129    
—
    
—
    212    2,341 
Non-Owner Occupied CRE   
—
    875    
—
    
—
    (57)   818 
Residential Real Estate   
—
    4,658    
—
    8    1,206    5,872 
Unallocated   417    (417)   
—
    
—
    
—
    
—
 
                               
Total (a)  $14,151   $680   $(64)  $94   $315   $15,176 

 

(a) In 2023, the Corporation adopted ASU 2016-13 Financial Instruments - Credit Losses (Topic 326) in 2023 and as a result reclassified portfolio segments.
v3.25.1
Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Premises and Equipment [Abstract]  
Schedule of Premises and Equipment and Accumulated Depreciation

The major classes of the Corporation’s premises and equipment and accumulated depreciation are as follows:

 

   December 31,
   2024  2023
   $  $
Land   8,486    5,043 
Buildings and improvements   32,522    32,364 
Furniture and equipment   11,828    11,246 
Construction in process   319    275 
Total   53,155    48,928 
Less accumulated depreciation   (25,258)   (23,644)
Premises and equipment   27,897    25,284 
v3.25.1
Deposits (Tables)
 12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
Schedule of Deposits by Major Classifications

Deposits by major classifications are summarized as follows:

 

   December 31,
   2024  2023
   $  $
           
Non-interest bearing demand   631,711    611,968 
Interest-bearing demand   384,236    313,771 
Money market deposit accounts   162,514    158,446 
Savings accounts   280,526    308,913 
Time deposits under $250,000   365,222    274,569 
Time deposits of $250,000 or more   66,234    59,131 
Total deposits   1,890,443    1,726,798 
Schedule of Maturities of time Deposits

At December 31, 2024, the scheduled maturities of time deposits are as follows:

 

2025   330,172 
2026   17,052 
2027   2,433 
2028   1,540 
2029   80,259 
      
Total   431,456 
v3.25.1
Short Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Short Term Borrowings [Abstract]  
Schedule of Short-Term Borrowings

A summary of short-term borrowings is as follows for the years ended December 31, 2024 and 2023:

 

   2024  2023
   $  $
       
Total short-term borrowings outstanding at year end   60,000    
—
 
Average interest rate at year end   4.86%    
—
 
Maximum outstanding at any month end   60,000    13,500 
Average amount outstanding for the year   9,344    5,587 
Weighted-average interest rate for the year   5.01%    3.53% 
v3.25.1
Other Borrowed Funds (Tables)
 12 Months Ended
Dec. 31, 2024
Other Borrowed Funds [Abstract]  
Schedule of Maturities of FHLB borrowings

Maturities of FHLB borrowings at December 31, 2024, and 2023, are summarized as follows:

 

   December 31,
   2024  2023
      Weighted-     Weighted-
      Average     Average
   Amount  Rate  Amount  Rate
   $  %  $  %
             
FHLB fixed rate loans                    
2024   
—
    
—
    17,406    2.02 
2025   15,984    2.16    15,984    2.16 
2026   28,158    4.47    28,158    4.47 
2027   16,833    4.11    16,833    4.11 
2028   22,847    3.81    22,847    3.81 
                     
Total other borrowings   83,822    3.78    101,228    3.47 
Schedule of Subordinated debt

Subordinated debt at December 31, 2024 and 2023 was as follows:

 

(Dollars in thousands)  December 31,            
      2024  2023            
      Carrying  Carrying     Issued      
      Amount  Amount  Rate  Amount      
Issued by  Ranking  $  $  %  $  Date Issued  Maturity
ENB Financial Corp  Subordinated (1)(2)   19,920    19,840    4.00%    20,000   12/30/20  12/30/30
ENB Financial Corp  Subordinated (1)(3)   19,796    19,716    5.75%    20,000   07/22/22  09/30/32
   Total   39,716    39,556                 

 

(1) The subordinated notes qualify as Tier 2 capital for regulatory capital purposes.
(2) ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100% of the principal balance at certain times on or after December 30, 2025.
(3) ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100% of the principal balance at certain times on or after July 22, 2027.    
v3.25.1
Capital Transactions (Tables)
 12 Months Ended
Dec. 31, 2024
Capital Transactions [Abstract]  
Schedule of Nonvested Restricted Stock

The following is a summary of the status of the Corporation’s nonvested restricted stock as of December 31, 2024, and changes therein during the year then ended:

 

   Number of  Weighted-Average
   Restricted  Grant Date
   Stock Units  Fair Value
Nonvested at December 31, 2023   8,520   $16.31 
Granted   
—
   13.90 
Vested   3,721    16.80 
Forfeited   595    16.80 
Nonvested at December 31, 2024   4,204   $16.31 
v3.25.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Income Tax Reconciliation A reconciliation of the differences by amount and percent is as follows:
   Year Ended December 31,
   2024  2023
   $  %  $  %
             
Income tax at statutory rate   3,911    21.0    3,110    21.0 
Tax-exempt interest income   (908)   (4.9)   (885)   (6.0)
Non-deductible interest expense   527    2.8    376    2.5 
Bank-owned life insurance   (236)   (1.3)   (174)   (1.2)
Other   14    0.1    9    0.1 
                     
Income tax expense   3,308    17.7    2,436    16.4 
Schedule of Components of Income Tax Expense

Significant components of income tax expense are as follows:      

(DOLLARS IN THOUSANDS)  Year Ended December 31,
   2024  2023
   $  $
Current tax expense   3,036    2,268 
Deferred tax expense (benefit)   272    168 
Income tax expense   3,308    2,436 
Schedule of Net Deferred Tax Assets and Liabilities

Components of the Corporation's net deferred tax position are as follows:   

(DOLLARS IN THOUSANDS)  December 31,
   2024  2023
   $  $
       
Deferred tax assets          
Allowance for credit losses   3,386    3,187 
Allowance for off-balance sheet extensions of credit   278    278 
Net unrealized holding losses on securities available for sale   9,144    9,132 
Interest on non-accrual loans   70    9 
Other   470    592 
Total deferred tax assets   13,348    13,198 
           
Deferred tax liabilities          
Premises and equipment   (1,350)   (1,184)
Mortgage servicing rights   (551)   (464)
Discount on investment securities   (527)   (288)
Other   (493)   (574)
Total deferred tax liabilities   (2,921)   (2,510)
Net deferred tax assets   10,427    10,688 
v3.25.1
Regulatory Matters and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2024
Regulatory Matters and Restrictions [Abstract]  
Schedule of Regulatory Capital Requirements The following chart details the Corporation’s and the Bank’s capital levels as of December 31, 2024 and December 31, 2023, compared to regulatory levels.
CAPITAL LEVELS              To Be Well
(DOLLARS IN THOUSANDS)              Capitalized Under
         For Capital  Prompt Corrective
   Actual  Adequacy Purposes  Action Provision
   $  %  $  %  $  %
                   
As of December 31, 2024                  
Total Capital to Risk-Weighted Assets                              
Consolidated   222,127    14.6    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   218,123    14.4    121,445    8.0    151,807    10.0 
                               
Tier I Capital to Risk-Weighted Assets                              
Consolidated   164,966    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   200,678    13.2    91,084    6.0    121,445    8.0 
                               
Common Equity Tier I Capital to Risk-Weighted Assets                              
Consolidated   164,966    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   200,678    13.2    68,313    4.5    98,674    6.5 
                               
Tier I Capital to Average Assets                              
Consolidated   164,966    7.5    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   200,678    9.1    88,018    4.0    110,022    5.0 
                               
As of December 31, 2023                              
Total Capital to Risk-Weighted Assets                              
Consolidated   210,066    14.8    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   204,290    14.4    113,182    8.0    141,477    10.0 
                               
Tier I Capital to Risk-Weighted Assets                              
Consolidated   154,009    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   187,790    13.3    84,886    6.0    113,182    8.0 
                               
Common Equity Tier I Capital to Risk-Weighted Assets                              
Consolidated   154,009    10.9    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   187,790    13.3    63,665    4.5    91,960    6.5 
                               
Tier I Capital to Average Assets                              
Consolidated   154,009    7.7    
N/A
    
N/A
    
N/A
    
N/A
 
Bank   187,790    9.4    80,295    4.0    100,369    5.0 
v3.25.1
Transactions with Directors and Officers (Tables)
 12 Months Ended
Dec. 31, 2024
Transactions with Directors and Officers [Abstract]  
Schedule of Aggregate Loans to Related Parties An analysis of the activity with respect to such aggregate loans to related parties is shown below.
LOANS TO INSIDERS      
(DOLLARS IN THOUSANDS)  Year Ended  Year Ended
   December 31,  December 31,
   2024  2023
   $  $
       
Balance, beginning of year   1,968    2,624 
Advances   344    1,369 
Repayments   (1,372)   (2,025)
Balance, end of year   940    1,968 
v3.25.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of ROU Assets and Lease Liabilities

The following table represents the Consolidated Balance Sheet classification of the Corporation’s Right-of-Use (ROU) assets and lease liabilities.

 

Lease Consolidated Balance Sheets Classification         
(Dollars in Thousands)  Classification  December 31, 2024  December 31, 2023
Lease Right-of-Use Assets             
              
Operating lease right-of use assets  Other Assets  $2,347   $2,736 
              
Lease Liabilities             
Operating lease liabilties  Other Liabilities  $2,405   $2,781 
Schedule of Operating Leases Weighted-Average Discount Term and Rate As the rate is rarely determinable, the Corporation utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term.
   December 31, 2024  December 31, 2023
Weighted-average remaining lease term          
Operating leases   12.3 years    12.2 years 
Weighted-average discount rate          
Operating leases   2.88%    2.85% 
Schedule of Maturities of Operating Leases

Future minimum payments for operating leases with initial or remaining terms of one year or more as of December 31, 2024 were as follows:

 

(Dollars in Thousands)  Operating Leases
Twelve Months Ended:     
December 31, 2025  $346 
December 31, 2026   239 
December 31, 2027   228 
December 31, 2028   232 
December 31, 2029   237 
Thereafter   1,582 
Total Future Minimum Lease Payments   2,864 
Amounts Representing Interests   (459)
Present Value of Net Future Minimum Lease Payments  $2,405 
v3.25.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Measurements [Abstract]  
Schedule of Assets Measured on a Recurring Basis
   December 31, 2024
   Level I  Level II  Level III  Total
   $  $  $  $
Asssets                    
                     
U.S. Treasuries   18,462    
—
    
—
    18,462 
U.S. government agencies   
—
    18,067    
—
    18,067 
U.S. agency mortgage-backed securities   
—
    34,880    
—
    34,880 
U. S. agency collateralized mortgage obligations   
—
    110,995    
—
    110,995 
Non-agency MBS/CMO   
—
    145,211    
 
    145,211 
Asset-backed securities   
—
    57,268    
—
    57,268 
Corporate bonds   
—
    53,072    
—
    53,072 
Obligations of states and political subdivisions   
—
    178,475    
—
    178,475 
Marketable equity securities   9,710    
—
    
—
    9,710 
Total securities   28,172    597,968    
—
    626,140 
Derivatives and hedging activities   
 
    3,929    
 
    3,929 
                     
Liabilities                    
                     
Derivatives and hedging activities        
—
         
—
 
   December 31, 2023
   Level I  Level II  Level III  Total
   $  $  $  $
             
U.S. Treasuries   18,159    
—
    
—
    18,159 
U.S. government agencies   
—
    17,538    
—
    17,538 
U.S. agency mortgage-backed securities   
—
    40,156    
—
    40,156 
U. S. agency collateralized mortgage obligations   
—
    19,837    
—
    19,837 
Non-agency MBS/CMO   
—
    56,187    
 
    56,187 
Asset-backed securities   
—
    65,305    
—
    65,305 
Corporate bonds   
—
    55,004    
—
    55,004 
Obligations of states and political subdivisions   
—
    187,383    
—
    187,383 
Marketable equity securities   9,451    
—
    
—
    9,451 
                     
Total securities   27,610    441,410    
—
    469,020 
Schedule of Assets Measured on a Nonrecurring Basis
   December 31, 2024
   Level I  Level II  Level III  Total
   $  $  $  $
Assets:                    
Individually analyzed Loans   
—
    
—
    13,203    13,203 
    
—
    
—
    13,203    13,203 

 

 

   December 31, 2023
   Level I  Level II  Level III  Total
   $  $  $  $
Assets:                    
Individually analyzed Loans   
—
    
—
    3,144    3,144 
Total   
—
    
—
    3,144    3,144 
Schedule of Level III Fair Value Measurements
  December 31, 2024
  Fair Value Valuation Unobservable Range
  Estimate Techniques Input (Weighted Avg)
         
Individually analyzed loans 13,203 Appraisal of collateral (1) Appraisal adjustments (2) 0% to -20% (-20%)
      Liquidation expenses (2) 0% to -10% (-10%)

 

  December 31, 2023
  Fair Value Valuation Unobservable Range
  Estimate Techniques Input (Weighted Avg)
         
Individually analyzed loans 3,144 Appraisal of collateral (1) Appraisal adjustments (2) 0% to -20% (-20%)
      Liquidation expenses (2) 0% to -10% (-10%)

 

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various level III inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
v3.25.1
Disclosures About Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosures About Fair Value of Financial Instruments [Abstract]  
Schedule of Carrying Amount and Fair Value of Financial Instruments

The following tables provide the carrying amount for each class of assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Corporation's Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023:

   December 31, 2024
         Quoted Prices in      
         Active Markets  Significant Other  Significant
         for Identical  Observable  Unobservable
   Carrying     Assets  Inputs  Inputs
   Amount  Fair Value  (Level 1)  (Level II)  (Level III)
   $  $  $  $  $
Financial Assets:                         
Cash and cash equivalents   68,909    68,909    68,909    
—
    
—
 
Regulatory stock   10,789    10,789    10,789    
—
    
—
 
Loans held for sale   3,996    3,996    3,996    
—
    
—
 
Loans, net of allowance   1,411,147    1,374,663    
—
    
—
    1,374,663 
Mortgage servicing assets   2,364    3,179    
—
    
—
    3,179 
Accrued interest receivable   8,624    8,624    8,624    
—
    
—
 
Bank owned life insurance   36,014    36,014    36,014    
—
    
—
 
                          
Financial Liabilities:                         
Demand deposits   631,711    631,711    631,711    
—
    
—
 
Interest-bearing demand deposits   384,236    384,236    384,236    
—
    
—
 
Money market deposit accounts   162,514    162,514    162,514    
—
    
—
 
Savings accounts   280,526    280,526    280,526    
—
    
—
 
Time deposits   431,456    432,958    
—
    
—
    432,958 
Total deposits   1,890,443    1,891,945    1,458,987    
—
    432,958 
                          
Short-term debt   60,000    60,000    60,000    
—
    
—
 
Long-term debt   83,822    83,841    
—
    
—
    83,841 
Subordinated debt   39,716    35,593    
—
    
—
    35,593 
Accrued interest payable   3,169    3,169    3,169    
—
    
—
 
   December 31, 2023
         Quoted Prices in      
         Active Markets  Significant Other  Significant
         for Identical  Observable  Unobservable
   Carrying     Assets  Inputs  Inputs
   Amount  Fair Value  (Level 1)  (Level II)  (Level III)
   $  $  $  $  $
Financial Assets:                         
Cash and cash equivalents   88,996    88,996    88,996    
—
    
—
 
Regulatory stock   8,540    8,540    8,540    
—
    
—
 
Loans held for sale   352    352    352    
—
    
—
 
Loans, net of allowance   1,344,902    1,300,300    
—
    
—
    1,300,300 
Mortgage servicing assets   2,151    2,904    
—
    
—
    2,904 
Accrued interest receivable   7,015    7,015    7,015    
—
    
—
 
Bank owned life insurance   35,632    35,632    35,632    
—
    
—
 
                          
Financial Liabilities:                         
Demand deposits   611,968    611,968    611,968    
—
    
—
 
Interest-bearing demand deposits   214,033    214,033    214,033    
—
    
—
 
NOW accounts   99,738    99,738    99,738    
—
    
—
 
Money market deposit accounts   158,446    158,446    158,446    
—
    
—
 
Savings accounts   308,913    308,913    308,913    
—
    
—
 
Time deposits   333,700    331,680    
—
    
—
    331,680 
Total deposits   1,726,798    1,724,778    1,393,098    
—
    331,680 
                          
Long-term debt   101,228    101,509    
—
    
—
    101,509 
Subordinated debt   39,556    33,976    
—
    
—
    33,976 
Accrued interest payable   2,203    2,203    2,203    
—
    
—
 
v3.25.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)

The activity in accumulated other comprehensive income (loss) for the years ended December 31, 2024 and 2023 is as follows:

   Accumulated Other Comprehensive Loss
   Unrealized      
   Gains/(Losses)      
   on Securities      
   Available-for-Sale  Derivatives  Total
   $  $  $
Balance at January 1, 2024   (34,355)   
—
    (34,355)
                
Other comprehensive (losses) income before reclassifications   (26)   161    135 
Amount reclassified from accumulated other comprehensive loss   77    
—
    77 
                
Period change   51    161    212 
                
Balance at December 31, 2024   (34,304)   161    (34,143)
                
Balance at January 1, 2023   (48,292)   
—
    (48,292)
                
Other comprehensive income before reclassifications   12,854    
—
    12,854 
Amount reclassified from accumulated other comprehensive income   1,083    
—
    1,083 
Period change               
    13,937    
—
    13,937 
Balance at December 31, 2023               
    (34,355)   
—
    (34,355)

 

(1) All amounts are net of tax.  Related income tax expense or benefit is calculated using a Federal income tax rate of 21%.
(2) Amounts in parentheses indicate debits.      
Schedule of Accumulated Other Comprehensive Income (Loss) Components DETAILS ABOUT ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) COMPONENTS
   Amount Reclassified from   
   Accumulated Other Comprehensive   
   Income (Loss)   
   For the Year Ended   
   December 31,  Affected Line Item
   2024  2023  in the Consolidated
   $  $  Statements of Income
Securities available for sale:             
Net securities losses reclassified into earnings   (97)   (1,371)  Losses on sale of debt securities, net
Related income tax benefit (expense)   20    288   Provision for federal income taxes
Net Effect on accumulated other comprehensive loss for the period   (77)   (1,083)   
              
Total reclassifications for the period   (77)   (1,083)   

 

(1) Amounts in parentheses indicate debits.  
v3.25.1
Derivatives and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2024
Derivatives and Hedging Activities [Abstract]  
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet The following amounts were recorded on the consolidated balance sheets related to the cumulative basis adjustment for the fair value hedges as of December 31, 2024 and December 31, 2023:
   Carrying Amount  Cumulative Amount of Fair Value
   of the Hedged Assets  Hedging Adjustment
   12/31/2024  12/31/2023  12/31/2024  12/31/2023
Investment Securities, Available-for-Sale1  $195,904   $
—
   $(3,758)  $
—
 

 

1 Carrying value represents amortized cost  
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet

Fair Values of Derivative Instruments on the Consolidated Balance Sheet

 

      Fair Values of Derivative Instruments
      Asset Derivatives
                      
   Notional  As of December 31, 2024     Notional  As of December 31, 2023     Notional
Hedged Item  Amount  Balance Sheet Location  Fair Value  Amount  Balance Sheet Location  Fair Value  Amount
MBS Bonds  $195,904   Other Assets  $3,929   $193,800    —    
—
    
—
 
FHLB Advances   60,000   Other Assets   
—
    60,000    —    
—
    
—
 
Total derivatives designated as hedging instruments  $255,904      $3,929   $253,800    —    
—
    
—
 
Schedule of the Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)
   Amount of (Loss) Gain Recognized
in OCI on Derivative		     Amount of Gain Reclassified
from Accumulated OCI into
Income
   Year Ended  Year Ended  Location of Gain Reclassified  Year Ended  Year Ended
   December 31,  December 31,  from Accumulated OCI into  December 31,  December 31,
   2024  2023  Income  2024  2023
Derivatives in Cash Flow Hedging Relationships                       
Interest Rate Products  $204   $
—
   Interest Expense  $(73)  $
—
 
v3.25.1
Condensed Parent Only Data (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Parent Only Data [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets (Parent Company Only)      
(DOLLARS IN THOUSANDS)  December 31,
   2024  2023
   $  $
Assets          
Cash   1,218    2,969 
Equity securities   1,193    1,717 
Equity in bank subsidiary   166,696    153,434 
Other assets   1,616    1,100 
Total assets   170,723    159,220 
           
Liabilities          
Subordinated debt   39,716    39,556 
Other Liabilities   23    10 
Total Liabilities   39,739    39,566 
           
Stockholders' Equity          
Common stock   574    574 
Capital surplus   3,957    4,072 
Retained earnings   162,006    150,596 
Accumulated other loss, net of tax   (34,143)   (34,355)
Treasury stock   (1,410)   (1,233)
Total stockholders' equity   130,984    119,654 
           
Total liabilities and stockholders' equity   170,723    159,220 
Condensed Statements of Comprehensive Income
Condensed Statements of Comprehensive Income      
(DOLLARS IN THOUSANDS)  Year Ended December 31,
   2024  2023
   $  $
Income          
Dividend income - investment securities   74    71 
Losses on equity securities, net   256    (126)
Dividend income   3,906    3,837 
Undistributed earnings of bank subsidiary   12,989    10,438 
Total income   17,225    14,220 
           
Expense          
Subordinated debt interest expense   1,950    1,950 
Shareholder expenses   178    176 
Other expenses   209    234 
Total expense   2,337    2,360 
Benefit for income taxes   (429)   (515)
           
Net Income   15,317    12,375 
Comprehensive Income   15,529    26,312 
Condensed Statements of Cash Flows
   Year Ended December 31,
   2024  2023
Cash Flows from Operating Activities:  $  $
Net Income   15,317    12,375 
Equity in undistributed earnings of subsidiaries   (12,989)   (10,438)
(Gains) losses on equity securities, net   (256)   125 
Net amortization of subordinated debt fees   160    160 
Net decrease (increase) in other assets   945    (332)
Net decrease in other liabilities   (1,449)   (16)
Net cash provided by operating activities   1,728    1,874 
           
Cash Flows from Investing Activities:          
Proceeds from sales of equity securities   781    
—
 
Purchases of equity securities   
—
    (70)
Net cash provided by (used for) investing activities   781    (70)
           
Cash Flows from Financing Activities:          
Proceeds from sale of treasury stock   965    973 
Treasury stock purchased   (1,318)   (572)
Dividends paid   (3,907)   (3,837)
Net cash used for financing activities   (4,260)   (3,436)
           
Cash and Cash Equivalents:          
Net change in cash and cash equivalents   (1,751)   (1,632)
Cash and cash equivalents at beginning of period   2,969    4,601 
Cash and cash equivalents at end of period   1,218    2,969 
v3.25.1
Summary of Significant Accounting Policies (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Summary of Significant Accounting Policies [Line Items]    
Allowance for off-balance sheet extensions of credit $ 1,323,000 $ 1,325,000
Mortgage servicing rights 2,364,000 2,151,000
Cash surrender value $ 36,014,000 $ 35,632,000
Eligible employee’s percentage 2.00%  
Minimum [Member] | Building [Member]    
Summary of Significant Accounting Policies [Line Items]    
Useful life 15 years  
Minimum [Member] | Furniture and Fixtures [Member]    
Summary of Significant Accounting Policies [Line Items]    
Useful life 4 years  
Maximum [Member] | Building [Member]    
Summary of Significant Accounting Policies [Line Items]    
Useful life 39 years  
Maximum [Member] | Furniture and Fixtures [Member]    
Summary of Significant Accounting Policies [Line Items]    
Useful life 10 years  
401(K) Plan [Member]    
Summary of Significant Accounting Policies [Line Items]    
Employer matching contribution, matching percentage 50.00%  
Eligible employee’s percentage 5.00%  
Eligible employee’s compensation 2.50%  
Non-Elective contribution [Member] | 401(K) Plan [Member]    
Summary of Significant Accounting Policies [Line Items]    
Eligible employee’s percentage 3.00%  
Non-elective contribution 3.00%  
Non-Elective contribution [Member] | 401(K) Plan [Member] | Minimum [Member]    
Summary of Significant Accounting Policies [Line Items]    
Eligible employee’s percentage 2.00%  
v3.25.1
Summary of Significant Accounting Policies - Schedule of Mortgage Servicing Rights (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Mortgage Servicing Rights [Abstract]    
Beginning Balance $ 2,151 $ 2,030
Ending Balance 2,364 2,151
Additions 584 247
Amortization (294) (64)
Disposals $ (77) $ (62)
v3.25.1
Securities (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Securities [Abstract]    
Available for sale debt securities $ 110,232,000 $ 117,525,000
Pledged securities $ 102,957,000 $ 109,651,000
v3.25.1
Securities - Schedule of Amortized Cost and Fair Value of Securities (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost $ 663,678 $ 503,057
Gross Unrealized Gains 139 43
Gross Unrealized Losses (47,387) (43,531)
Allowance for Credit Losses
Fair Value 616,430 459,569
U.S. Treasuries [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 19,900 19,869
Gross Unrealized Gains
Gross Unrealized Losses (1,438) (1,710)
Allowance for Credit Losses
Fair Value 18,462 18,159
U.S. Government Agencies [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 19,400 19,400
Gross Unrealized Gains
Gross Unrealized Losses (1,333) (1,862)
Allowance for Credit Losses
Fair Value 18,067 17,538
U.S. Agency Mortgage-Backed Securities [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 38,000 43,753
Gross Unrealized Gains
Gross Unrealized Losses (3,120) (3,597)
Allowance for Credit Losses
Fair Value 34,880 40,156
U.S. Agency Collateralized Mortgage Obligations [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 116,272 21,841
Gross Unrealized Gains
Gross Unrealized Losses (5,277) (2,004)
Allowance for Credit Losses
Fair Value 110,995 19,837
Non-Agency MBS/CMO [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 152,096 59,281
Gross Unrealized Gains 16 22
Gross Unrealized Losses (6,901) (3,116)
Allowance for Credit Losses
Fair Value 145,211 56,187
Asset-Backed Securities [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 57,543 66,391
Gross Unrealized Gains 123 20
Gross Unrealized Losses (398) (1,106)
Allowance for Credit Losses
Fair Value 57,268 65,305
Corporate Bonds [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 57,423 61,122
Gross Unrealized Gains
Gross Unrealized Losses (4,351) (6,118)
Allowance for Credit Losses
Fair Value 53,072 55,004
Obligations of States and Political Subdivisions [Member]    
Schedule of Amortized Cost and Fair Value of Securities [Line Items]    
Amortized Cost 203,044 211,400
Gross Unrealized Gains 1
Gross Unrealized Losses (24,569) (24,018)
Allowance for Credit Losses
Fair Value $ 178,475 $ 187,383
v3.25.1
Securities - Schedule of Contractual Maturity of Debt Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Contractual Maturity of Debt Securities [Abstract]    
Amortized Cost, Due in one year or less $ 15,722  
Fair Value, Due in one year or less 15,617  
Amortized Cost, Due after one year through five years 94,752  
Fair Value, Due after one year through five years 87,858  
Amortized Cost, Due after five years through ten years 72,702  
Fair Value, Due after five years through ten years 62,796  
Amortized Cost, Due after ten years 480,502  
Fair Value, Due after ten years 450,159  
Amortized Cost, Total debt securities 663,678 $ 503,057
Fair Value, Total debt securities $ 616,430 $ 459,569
v3.25.1
Securities - Schedule of Proceeds from Sales of Securities Available for Sale (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Proceeds from Sales of Securities Available for Sale [Abstract]    
Proceeds from sales $ 5,019 $ 61,089
Gross realized gains 4
Gross realized losses $ 97 $ 1,375
v3.25.1
Securities - Schedule of Temporary Impairments of Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value $ 207,132 $ 13,850
Less than 12 months, Gross Unrealized Losses (8,953) (166)
More than 12 months, Fair Value 379,025 436,519
More than 12 months, Gross Unrealized Losses (38,434) (43,365)
Total, Fair Value 586,157 450,369
Total, Gross Unrealized Losses (47,387) (43,531)
U.S. Treasuries [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value
Less than 12 months, Gross Unrealized Losses
More than 12 months, Fair Value 18,462 18,159
More than 12 months, Gross Unrealized Losses (1,438) (1,710)
Total, Fair Value 18,462 18,159
Total, Gross Unrealized Losses (1,438) (1,710)
U.S. government agencies [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value
Less than 12 months, Gross Unrealized Losses
More than 12 months, Fair Value 18,067 17,538
More than 12 months, Gross Unrealized Losses (1,333) (1,862)
Total, Fair Value 18,067 17,538
Total, Gross Unrealized Losses (1,333) (1,862)
U.S. agency mortgage-backed securities [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value
Less than 12 months, Gross Unrealized Losses
More than 12 months, Fair Value 34,880 40,147
More than 12 months, Gross Unrealized Losses (3,120) (3,597)
Total, Fair Value 34,880 40,147
Total, Gross Unrealized Losses (3,120) (3,597)
U.S. agency collateralized mortgage obligations [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value 93,239
Less than 12 months, Gross Unrealized Losses (3,584)
More than 12 months, Fair Value 17,756 19,837
More than 12 months, Gross Unrealized Losses (1,693) (2,004)
Total, Fair Value 110,995 19,837
Total, Gross Unrealized Losses (5,277) (2,004)
Non-agency MBS/CMO [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value 107,316 11,189
Less than 12 months, Gross Unrealized Losses (4,930) (119)
More than 12 months, Fair Value 33,606 41,966
More than 12 months, Gross Unrealized Losses (1,971) (2,997)
Total, Fair Value 140,922 53,155
Total, Gross Unrealized Losses (6,901) (3,116)
Asset-backed securities [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value 4,938 2,661
Less than 12 months, Gross Unrealized Losses (39) (47)
More than 12 months, Fair Value 26,376 57,049
More than 12 months, Gross Unrealized Losses (359) (1,059)
Total, Fair Value 31,314 59,710
Total, Gross Unrealized Losses (398) (1,106)
Corporate bond [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value
Less than 12 months, Gross Unrealized Losses
More than 12 months, Fair Value 53,072 55,004
More than 12 months, Gross Unrealized Losses (4,351) (6,118)
Total, Fair Value 53,072 55,004
Total, Gross Unrealized Losses (4,351) (6,118)
Obligations of states & political subdivisions [Member]    
Schedule of Temporary Impairments of Securities [Line Items]    
Less than 12 months, Fair Value 1,639
Less than 12 months, Gross Unrealized Losses (400)
More than 12 months, Fair Value 176,806 186,819
More than 12 months, Gross Unrealized Losses (24,169) (24,018)
Total, Fair Value 178,445 186,819
Total, Gross Unrealized Losses $ (24,569) $ (24,018)
v3.25.1
Securities - Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Equity Securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CRA-qualified mutual funds [Member]    
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Equity Securities [Line Items]    
Amortized Cost $ 8,517 $ 7,734
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value 8,517 7,734
Bank stocks [Member]    
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Equity Securities [Line Items]    
Amortized Cost 1,233 1,754
Gross Unrealized Gains 101 144
Gross Unrealized Losses (141) (181)
Fair Value 1,193 1,717
Equity securities [Member]    
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of Equity Securities [Line Items]    
Amortized Cost 9,750 9,488
Gross Unrealized Gains 101 144
Gross Unrealized Losses (141) (181)
Fair Value $ 9,710 $ 9,451
v3.25.1
Securities - Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings [Abstract]    
Net gains (losses) recognized in equity securities during the period $ 256 $ (125)
Less: Net gains realized on the sale of equity securities during the period 259
Unrealized losses recognized in equity securities held at reporting date $ (3) $ (125)
v3.25.1
Loans and Allowance for Credit Losses (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Loans and Allowance For Credit Losses [Line Items]    
Real estate loans serviced $ 342,640,000 $ 301,822,000
Financial difficulty 2,099,000  
Management charged off 98,000  
Loans recovering 27,000  
Provision for on balance sheet exposure 1,017,000  
Provision for off-balance sheet credit 2,000  
Combined provision 1,015,000 $ 520,000
Ending balance of allowance $ 946,000  
Ending balance of allowance, percentage 6.20%  
Allowance percentage for loans 1.13% 1.12%
v3.25.1
Loans and Allowance for Credit Losses - Schedule of Loan Portfolio by Category (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs $ 1,425,439 $ 1,357,862  
Deferred loan costs, net 1,830 2,216  
Allowance for credit losses (16,122) (15,176)  
Net loans 1,411,147 1,344,902  
Agriculture [Member]      
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs 289,284 257,372  
Allowance for credit losses (3,303) (3,106)
Business Loans [Member]      
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs 360,805 354,252  
Allowance for credit losses (3,234) (2,684)
Consumer [Member]      
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs 6,603 6,392  
Home Equity [Member]      
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs 118,329 107,176  
Allowance for credit losses (2,644) (2,341)
Non-Owner Occupied Commercial Real Estate [Member]      
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs 136,298 135,117  
Residential Real Estate [Member]      
Schedule of Loan Portfolio by Category [Line Items]      
Gross loans prior to deferred costs [1] 514,120 497,553  
Allowance for credit losses $ (5,681) $ (5,872)
[1] Real estate loans serviced for others, which are not included in the Consolidated Balance Sheets, totaled $342,640,000 as of December 31, 2024 and $301,822,000 as of December 31, 2023.
v3.25.1
Loans and Allowance for Credit Losses - Schedule of Recorded Investment by Internal Risk Rating System for Commercial Credit Exposure (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Commercial Credit Exposure [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 $ 96,788 $ 121,630
Term Loans Amortized Costs Basis by Origination Year 2023 130,527 190,196
Term Loans Amortized Costs Basis by Origination Year 2022 162,631 141,629
Term Loans Amortized Costs Basis by Origination Year 2021 132,856 69,902
Term Loans Amortized Costs Basis by Origination Year 2020 62,267 43,126
Term Loans Amortized Costs Basis by Origination Year Prior 133,973 120,793
Revolving Loans Amortized Cost Basis 67,345 59,465
Revolving Loans Converted to Term
Total 786,387 746,741
Payment Performance [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024   133,705
Term Loans Amortized Costs Basis by Origination Year 2023   168,409
Term Loans Amortized Costs Basis by Origination Year 2022   107,039
Term Loans Amortized Costs Basis by Origination Year 2021   44,701
Term Loans Amortized Costs Basis by Origination Year 2020   32,074
Term Loans Amortized Costs Basis by Origination Year Prior   46,086
Revolving Loans Amortized Cost Basis   77,708
Revolving Loans Converted to Term   1,399
Total   611,121
Agriculture [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 31,707 47,659
Term Loans Amortized Costs Basis by Origination Year 2023 51,892 41,750
Term Loans Amortized Costs Basis by Origination Year 2022 40,363 49,796
Term Loans Amortized Costs Basis by Origination Year 2021 52,603 20,115
Term Loans Amortized Costs Basis by Origination Year 2020 18,443 15,324
Term Loans Amortized Costs Basis by Origination Year Prior 67,837 61,367
Revolving Loans Amortized Cost Basis 26,439 21,361
Revolving Loans Converted to Term
Total 289,284 257,372
Business Loans [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 61,110 46,822
Term Loans Amortized Costs Basis by Origination Year 2023 41,691 103,831
Term Loans Amortized Costs Basis by Origination Year 2022 88,356 64,456
Term Loans Amortized Costs Basis by Origination Year 2021 53,558 36,938
Term Loans Amortized Costs Basis by Origination Year 2020 29,095 17,785
Term Loans Amortized Costs Basis by Origination Year Prior 46,089 46,691
Revolving Loans Amortized Cost Basis 40,906 37,729
Revolving Loans Converted to Term
Total 360,805 354,252
Non-Owner Occupied CRE [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 3,971 27,149
Term Loans Amortized Costs Basis by Origination Year 2023 36,944 44,615
Term Loans Amortized Costs Basis by Origination Year 2022 33,912 27,377
Term Loans Amortized Costs Basis by Origination Year 2021 26,695 12,849
Term Loans Amortized Costs Basis by Origination Year 2020 14,729 10,017
Term Loans Amortized Costs Basis by Origination Year Prior 20,047 12,735
Revolving Loans Amortized Cost Basis 375
Revolving Loans Converted to Term
Total 136,298 135,117
Pass [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 95,342 118,026
Term Loans Amortized Costs Basis by Origination Year 2023 125,251 188,136
Term Loans Amortized Costs Basis by Origination Year 2022 159,062 140,683
Term Loans Amortized Costs Basis by Origination Year 2021 124,357 68,223
Term Loans Amortized Costs Basis by Origination Year 2020 60,980 40,283
Term Loans Amortized Costs Basis by Origination Year Prior 124,949 116,439
Revolving Loans Amortized Cost Basis 61,799 58,801
Revolving Loans Converted to Term
Total 751,740 730,591
Special Mention [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 1,033 452
Term Loans Amortized Costs Basis by Origination Year 2023 174 691
Term Loans Amortized Costs Basis by Origination Year 2022 17 522
Term Loans Amortized Costs Basis by Origination Year 2021 6,820 697
Term Loans Amortized Costs Basis by Origination Year 2020 170
Term Loans Amortized Costs Basis by Origination Year Prior 1,813 1,443
Revolving Loans Amortized Cost Basis 1,714 304
Revolving Loans Converted to Term
Total 11,571 4,279
Substandard [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 413 3,152
Term Loans Amortized Costs Basis by Origination Year 2023 5,102 1,369
Term Loans Amortized Costs Basis by Origination Year 2022 3,552 424
Term Loans Amortized Costs Basis by Origination Year 2021 1,679 982
Term Loans Amortized Costs Basis by Origination Year 2020 1,287 2,673
Term Loans Amortized Costs Basis by Origination Year Prior 7,211 2,911
Revolving Loans Amortized Cost Basis 3,832 360
Revolving Loans Converted to Term
Total 23,076 11,871
Doubtful [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Consumer [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 3,564 3,251
Term Loans Amortized Costs Basis by Origination Year 2023 977 1,098
Term Loans Amortized Costs Basis by Origination Year 2022 391 351
Term Loans Amortized Costs Basis by Origination Year 2021 105 176
Term Loans Amortized Costs Basis by Origination Year 2020 46 31
Term Loans Amortized Costs Basis by Origination Year Prior 5 3
Revolving Loans Amortized Cost Basis 1,515 1,482
Revolving Loans Converted to Term
Total 6,603 6,392
Homes Equity [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 1,899 7,086
Term Loans Amortized Costs Basis by Origination Year 2023 6,778 18,476
Term Loans Amortized Costs Basis by Origination Year 2022 14,700 1,049
Term Loans Amortized Costs Basis by Origination Year 2021 903 564
Term Loans Amortized Costs Basis by Origination Year 2020 497 529
Term Loans Amortized Costs Basis by Origination Year Prior 1,563 1,847
Revolving Loans Amortized Cost Basis 91,557 76,226
Revolving Loans Converted to Term 432 1,399
Total 118,329 107,176
Residential Real Estate [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 67,526 123,368
Term Loans Amortized Costs Basis by Origination Year 2023 103,595 148,835
Term Loans Amortized Costs Basis by Origination Year 2022 140,547 105,639
Term Loans Amortized Costs Basis by Origination Year 2021 98,828 43,961
Term Loans Amortized Costs Basis by Origination Year 2020 39,926 31,514
Term Loans Amortized Costs Basis by Origination Year Prior 63,698 44,236
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 514,120 497,553
Pass [Member] | Agriculture [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 30,261 47,599
Term Loans Amortized Costs Basis by Origination Year 2023 49,814 41,741
Term Loans Amortized Costs Basis by Origination Year 2022 38,824 49,276
Term Loans Amortized Costs Basis by Origination Year 2021 44,513 18,699
Term Loans Amortized Costs Basis by Origination Year 2020 17,156 14,793
Term Loans Amortized Costs Basis by Origination Year Prior 63,007 58,459
Revolving Loans Amortized Cost Basis 24,359 21,157
Revolving Loans Converted to Term
Total 267,934 251,724
Pass [Member] | Business Loans [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 61,110 43,670
Term Loans Amortized Costs Basis by Origination Year 2023 38,875 102,419
Term Loans Amortized Costs Basis by Origination Year 2022 86,326 64,030
Term Loans Amortized Costs Basis by Origination Year 2021 53,149 36,675
Term Loans Amortized Costs Basis by Origination Year 2020 29,095 17,785
Term Loans Amortized Costs Basis by Origination Year Prior 44,956 45,583
Revolving Loans Amortized Cost Basis 37,440 37,269
Revolving Loans Converted to Term
Total 350,951 347,431
Pass [Member] | Non-Owner Occupied CRE [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 3,971 26,757
Term Loans Amortized Costs Basis by Origination Year 2023 36,562 43,976
Term Loans Amortized Costs Basis by Origination Year 2022 33,912 27,377
Term Loans Amortized Costs Basis by Origination Year 2021 26,695 12,849
Term Loans Amortized Costs Basis by Origination Year 2020 14,729 7,705
Term Loans Amortized Costs Basis by Origination Year Prior 16,986 12,397
Revolving Loans Amortized Cost Basis 375
Revolving Loans Converted to Term
Total 132,855 131,436
Special Mention [Member] | Agriculture [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 1,033 60
Term Loans Amortized Costs Basis by Origination Year 2023 174 9
Term Loans Amortized Costs Basis by Origination Year 2022 17 96
Term Loans Amortized Costs Basis by Origination Year 2021 6,411 697
Term Loans Amortized Costs Basis by Origination Year 2020 170
Term Loans Amortized Costs Basis by Origination Year Prior 1,555 1,136
Revolving Loans Amortized Cost Basis 1,714 204
Revolving Loans Converted to Term
Total 10,904 2,372
Special Mention [Member] | Business Loans [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023 43
Term Loans Amortized Costs Basis by Origination Year 2022 426
Term Loans Amortized Costs Basis by Origination Year 2021 409
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior 258 270
Revolving Loans Amortized Cost Basis 100
Revolving Loans Converted to Term
Total 667 839
Special Mention [Member] | Non-Owner Occupied CRE [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 392
Term Loans Amortized Costs Basis by Origination Year 2023 639
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior   37
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 1,068
Substandard [Member] | Agriculture [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 413
Term Loans Amortized Costs Basis by Origination Year 2023 1,904
Term Loans Amortized Costs Basis by Origination Year 2022 1,522 424
Term Loans Amortized Costs Basis by Origination Year 2021 1,679 719
Term Loans Amortized Costs Basis by Origination Year 2020 1,287 361
Term Loans Amortized Costs Basis by Origination Year Prior 3,275 1,772
Revolving Loans Amortized Cost Basis 366  
Revolving Loans Converted to Term
Total 10,446 3,276
Substandard [Member] | Business Loans [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 3,152
Term Loans Amortized Costs Basis by Origination Year 2023 2,816 1,369
Term Loans Amortized Costs Basis by Origination Year 2022 2,030
Term Loans Amortized Costs Basis by Origination Year 2021 263
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior 875 838
Revolving Loans Amortized Cost Basis 3,466 360
Revolving Loans Converted to Term
Total 9,187 5,982
Substandard [Member] | Non-Owner Occupied CRE [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023 382
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020 2,312
Term Loans Amortized Costs Basis by Origination Year Prior 3,061 301
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 3,443 2,613
Doubtful [Member] | Agriculture [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Doubtful [Member] | Business Loans [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Doubtful [Member] | Non-Owner Occupied CRE [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Current Period Gross Charge-Offs [Member] | Agriculture [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior 25
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 25
Current Period Gross Charge-Offs [Member] | Business Loans [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Current Period Gross Charge-Offs [Member] | Non-Owner Occupied CRE [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Current Period Gross Charge-Offs [Member] | Consumer [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023 16 39
Term Loans Amortized Costs Basis by Origination Year 2022 43 17
Term Loans Amortized Costs Basis by Origination Year 2021 6 1
Term Loans Amortized Costs Basis by Origination Year 2020 1
Term Loans Amortized Costs Basis by Origination Year Prior 8 6
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 73 64
Current Period Gross Charge-Offs [Member] | Homes Equity [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Current Period Gross Charge-Offs [Member] | Residential Real Estate [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total
Performing [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 72,989 133,705
Term Loans Amortized Costs Basis by Origination Year 2023 110,267 168,396
Term Loans Amortized Costs Basis by Origination Year 2022 153,759 106,683
Term Loans Amortized Costs Basis by Origination Year 2021 99,124 44,701
Term Loans Amortized Costs Basis by Origination Year 2020 40,469 32,074
Term Loans Amortized Costs Basis by Origination Year Prior 64,977 46,086
Revolving Loans Amortized Cost Basis 92,682 77,558
Revolving Loans Converted to Term 432 1,399
Total 634,699 610,602
Performing [Member] | Consumer [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 3,564 3,251
Term Loans Amortized Costs Basis by Origination Year 2023 967 1,085
Term Loans Amortized Costs Basis by Origination Year 2022 391 351
Term Loans Amortized Costs Basis by Origination Year 2021 105 176
Term Loans Amortized Costs Basis by Origination Year 2020 46 31
Term Loans Amortized Costs Basis by Origination Year Prior 5 3
Revolving Loans Amortized Cost Basis 1,515 1,482
Revolving Loans Converted to Term
Total 6,593 6,379
Performing [Member] | Homes Equity [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 1,899 7,086
Term Loans Amortized Costs Basis by Origination Year 2023 6,778 18,476
Term Loans Amortized Costs Basis by Origination Year 2022 14,700 1,049
Term Loans Amortized Costs Basis by Origination Year 2021 903 564
Term Loans Amortized Costs Basis by Origination Year 2020 497 529
Term Loans Amortized Costs Basis by Origination Year Prior 1,560 1,847
Revolving Loans Amortized Cost Basis 91,167 76,076
Revolving Loans Converted to Term 432 1,399
Total 117,936 107,026
Performing [Member] | Residential Real Estate [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 67,526 123,368
Term Loans Amortized Costs Basis by Origination Year 2023 102,522 148,835
Term Loans Amortized Costs Basis by Origination Year 2022 138,668 105,283
Term Loans Amortized Costs Basis by Origination Year 2021 98,116 43,961
Term Loans Amortized Costs Basis by Origination Year 2020 39,926 31,514
Term Loans Amortized Costs Basis by Origination Year Prior 63,412 44,236
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 510,170 497,197
Non-performing [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023 1,083 13
Term Loans Amortized Costs Basis by Origination Year 2022 1,879 356
Term Loans Amortized Costs Basis by Origination Year 2021 712
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior 289
Revolving Loans Amortized Cost Basis 390 150
Revolving Loans Converted to Term
Total 4,353 519
Non-performing [Member] | Consumer [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023 10 13
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 10 13
Non-performing [Member] | Homes Equity [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023
Term Loans Amortized Costs Basis by Origination Year 2022
Term Loans Amortized Costs Basis by Origination Year 2021
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior 3
Revolving Loans Amortized Cost Basis 390 150
Revolving Loans Converted to Term
Total 393 150
Non-performing [Member] | Residential Real Estate [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024
Term Loans Amortized Costs Basis by Origination Year 2023 1,073
Term Loans Amortized Costs Basis by Origination Year 2022 1,879 356
Term Loans Amortized Costs Basis by Origination Year 2021 712
Term Loans Amortized Costs Basis by Origination Year 2020
Term Loans Amortized Costs Basis by Origination Year Prior 286
Revolving Loans Amortized Cost Basis
Revolving Loans Converted to Term
Total 3,950 $ 356
Payment Performance [Member]    
Risk Rating    
Term Loans Amortized Costs Basis by Origination Year 2024 72,989  
Term Loans Amortized Costs Basis by Origination Year 2023 111,350  
Term Loans Amortized Costs Basis by Origination Year 2022 155,638  
Term Loans Amortized Costs Basis by Origination Year 2021 99,836  
Term Loans Amortized Costs Basis by Origination Year 2020 40,469  
Term Loans Amortized Costs Basis by Origination Year Prior 65,266  
Revolving Loans Amortized Cost Basis 93,072  
Revolving Loans Converted to Term 432  
Total $ 639,052  
v3.25.1
Loans and Allowance for Credit Losses - Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current $ 1,425,439 $ 1,357,862
Loan Total Past Due 7,817 2,265
Total Loans 1,425,439 1,357,862
Agriculture [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 289,284 257,372
Loan Total Past Due 314
Total Loans 289,284 257,372
Business Loans [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 360,805 354,252
Loan Total Past Due 2,598 244
Total Loans 360,805 354,252
consumer [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 6,603 6,392
Loan Total Past Due 32 31
Total Loans 6,603 6,392
Homes Equity [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 118,329 107,176
Loan Total Past Due 878 389
Total Loans 118,329 107,176
Non Owner Occupied CRE [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 757
Total Loans 136,298 135,117
Residential Real Estate [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current [1] 514,120 497,553
Loan Total Past Due 3,238 1,601
Total Loans 514,120 497,553
Current [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 1,417,622 1,355,597
Current [Member] | Agriculture [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 288,970 257,372
Current [Member] | Business Loans [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 358,207 354,008
Current [Member] | consumer [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 6,571 6,361
Current [Member] | Homes Equity [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 117,451 106,787
Current [Member] | Non Owner Occupied CRE [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 135,541 135,117
Current [Member] | Residential Real Estate [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Current 510,882 495,952
31-60 Days Past Due [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 3,464 1,560
31-60 Days Past Due [Member] | Agriculture [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due
31-60 Days Past Due [Member] | Business Loans [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 2,531 130
31-60 Days Past Due [Member] | consumer [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 23 15
31-60 Days Past Due [Member] | Homes Equity [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 102 170
31-60 Days Past Due [Member] | Non Owner Occupied CRE [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due
31-60 Days Past Due [Member] | Residential Real Estate [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 808 1,245
61-90 Days Past Due [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 915 72
61-90 Days Past Due [Member] | Agriculture [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 314
61-90 Days Past Due [Member] | Business Loans [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due
61-90 Days Past Due [Member] | consumer [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 3
61-90 Days Past Due [Member] | Homes Equity [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 578 69
61-90 Days Past Due [Member] | Non Owner Occupied CRE [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due
61-90 Days Past Due [Member] | Residential Real Estate [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 23
Greater Than 90 Days Past Due [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 3,438 633
Greater Than 90 Days Past Due [Member] | Agriculture [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due
Greater Than 90 Days Past Due [Member] | Business Loans [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 67 114
Greater Than 90 Days Past Due [Member] | consumer [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 9 13
Greater Than 90 Days Past Due [Member] | Homes Equity [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 198 150
Greater Than 90 Days Past Due [Member] | Non Owner Occupied CRE [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due 757
Greater Than 90 Days Past Due [Member] | Residential Real Estate [Member]    
Schedule of Classes of the Loan Portfolio Summarized by the Past-Due Status [Line Items]    
Loan Total Past Due $ 2,407 $ 356
[1] Real estate loans serviced for others, which are not included in the Consolidated Balance Sheets, totaled $342,640,000 as of December 31, 2024 and $301,822,000 as of December 31, 2023.
v3.25.1
Loans and Allowance for Credit Losses - Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Agriculture [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost $ 1,481 $ 941
Agriculture [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Agriculture [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 1,481 941
Agriculture [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Agriculture [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 1,481 941
Business Loans [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 5,084 1,817
Business Loans [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 969
Business Loans [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 6,053 1,817
Business Loans [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Business Loans [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 6,053 1,817
Consumer Loans [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Consumer Loans [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 10
Consumer Loans [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 10
Consumer Loans [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 13
Consumer Loans [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 10 13
Home Equity [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 393
Home Equity [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Home Equity [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 393
Home Equity [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 150
Home Equity [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 393 150
Non-Owner Occupied CRE [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Non-Owner Occupied CRE [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Non-Owner Occupied CRE [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Non-Owner Occupied CRE [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Non-Owner Occupied CRE [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost
Residential Real Estate [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 1,806
Residential Real Estate [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 2,144
Residential Real Estate [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 3,950
Residential Real Estate [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 356
Residential Real Estate [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 3,950 356
Total Amortized Cost [Member] | Nonaccrual with no ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 8,764 2,758
Total Amortized Cost [Member] | Nonaccrual with ACL [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 3,123
Total Amortized Cost [Member] | Total Nonaccrual [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 11,887 2,758
Total Amortized Cost [Member] | Loans past due over 90 Days Still Accruing [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost 519
Total Amortized Cost [Member] | Total Nonperforming [Member]    
Schedule of Amortized Cost Basis of Loans on Nonaccrual Status and Loans Past Due [Line Items]    
Amortized cost $ 11,887 $ 3,277
v3.25.1
Loans and Allowance for Credit Losses - Schedule of Collateral-Dependent Nonaccrual Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral $ 11,887 $ 2,758
Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 10,909 2,758
Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 968
None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 10
Agriculture [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 1,481 941
Agriculture [Member] | Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 1,481 941
Agriculture [Member] | Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Agriculture [Member] | None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Business Loans [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 6,053 1,817
Business Loans [Member] | Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 5,085 1,817
Business Loans [Member] | Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 968
Business Loans [Member] | None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Consumer Loans [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 10
Consumer Loans [Member] | Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Consumer Loans [Member] | Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Consumer Loans [Member] | None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 10
Homes Equity [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 393
Homes Equity [Member] | Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 393
Homes Equity [Member] | Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Homes Equity [Member] | None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Non Owner Occupied [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Non Owner Occupied [Member] | Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Non Owner Occupied [Member] | Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Non Owner Occupied [Member] | None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Residential Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 3,950
Residential Real Estate [Member] | Real Estate [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral 3,950
Residential Real Estate [Member] | Other [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
Residential Real Estate [Member] | None [Member]    
Schedule of Collateral-Dependent Nonaccrual Loans [Line Items]    
Amortized collateral
v3.25.1
Loans and Allowance for Credit Losses - Schedule of Allowance for Credit Losses by Portfolio Segment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Agriculture [Member]    
Allowance for credit losses:    
Beginning Balance $ 3,106
Charge-offs (25)
Recoveries 71
Provisions (Reductions) 222 (502)
Ending Balance 3,303 3,106
Impact of adopting ASC 326   3,537
Business Loans [Member]    
Allowance for credit losses:    
Beginning Balance 2,684
Charge-offs
Recoveries 6 11
Provisions (Reductions) 544 (709)
Ending Balance 3,234 2,684
Impact of adopting ASC 326   3,382
Consumer Loans [Member]    
Allowance for credit losses:    
Beginning Balance 355 67
Charge-offs (73) (64)
Recoveries 21 4
Provisions (Reductions) 24 165
Ending Balance 327 355
Impact of adopting ASC 326   183
Homes Equity [Member]    
Allowance for credit losses:    
Beginning Balance 2,341
Charge-offs
Recoveries
Provisions (Reductions) 303 212
Ending Balance 2,644 2,341
Impact of adopting ASC 326   2,129
Non-Owner Occupied CRE [Member]    
Allowance for credit losses:    
Beginning Balance 818
Charge-offs
Recoveries
Provisions (Reductions) 115 (57)
Ending Balance 933 818
Impact of adopting ASC 326   875
Residential Real Estate [Member]    
Allowance for credit losses:    
Beginning Balance 5,872
Charge-offs
Recoveries 8
Provisions (Reductions) (191) 1,206
Ending Balance 5,681 5,872
Impact of adopting ASC 326   4,658
Allowance for credit losses [Member]    
Allowance for credit losses:    
Beginning Balance [1] 15,176 14,151
Charge-offs (98) (64) [1]
Recoveries 27 94 [1]
Provisions (Reductions) 1,017 315 [1]
Ending Balance 16,122 15,176 [1]
Impact of adopting ASC 326 [1]   680
Commercial Real Estate [Member]    
Allowance for credit losses:    
Beginning Balance 6,074
Charge-offs  
Recoveries  
Provisions (Reductions)  
Ending Balance  
Impact of adopting ASC 326   (6,074)
Consumer Real Estate [Member]    
Allowance for credit losses:    
Beginning Balance 5,442
Charge-offs  
Recoveries  
Provisions (Reductions)  
Ending Balance  
Impact of adopting ASC 326   (5,442)
Commercial and Industrial [Member]    
Allowance for credit losses:    
Beginning Balance 2,151
Charge-offs  
Recoveries  
Provisions (Reductions)  
Ending Balance  
Impact of adopting ASC 326   (2,151)
Unallocated [Member]    
Allowance for credit losses:    
Beginning Balance 417
Charge-offs  
Recoveries  
Provisions (Reductions)  
Ending Balance  
Impact of adopting ASC 326   $ (417)
[1] In 2023, the Corporation adopted ASU 2016-13 Financial Instruments - Credit Losses (Topic 326) in 2023 and as a result reclassified portfolio segments.
v3.25.1
Premises and Equipment (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Premises and Equipment [Abstract]    
Depreciation $ 1,692,000 $ 1,601,000
v3.25.1
Premises and Equipment - Schedule of Premises and Equipment and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Premises and Equipment and Accumulated Depreciation [Line Items]    
Premises and equipment, gross $ 53,155 $ 48,928
Less accumulated depreciation (25,258) (23,644)
Premises and equipment 27,897 25,284
Land [Member]    
Schedule of Premises and Equipment and Accumulated Depreciation [Line Items]    
Premises and equipment, gross 8,486 5,043
Buildings and improvements [Member]    
Schedule of Premises and Equipment and Accumulated Depreciation [Line Items]    
Premises and equipment, gross 32,522 32,364
Furniture and equipment [Member]    
Schedule of Premises and Equipment and Accumulated Depreciation [Line Items]    
Premises and equipment, gross 11,828 11,246
Construction in process [Member]    
Schedule of Premises and Equipment and Accumulated Depreciation [Line Items]    
Premises and equipment, gross $ 319 $ 275
v3.25.1
Regulatory Stock (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Regulatory Stock [Abstract]    
Federal home loan bank rate 0.10%  
Asset value plus additional rate 4.00%  
Federal home loan bank $ 9,607,000 $ 7,360,000
Federal home loan bank quarterly dividend yield, annualized on activity stock 9.00%  
Federal Home Loan Bank quarterly dividend yield, annualized on membership stock 5.60%  
Federal reserve bank stock $ 1,145,000 1,143,000
Atlantic community bankers' bank stock $ 37,000 $ 37,000
v3.25.1
Deposits (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Deposits [Abstract]    
Deposit held in bank $ 97,272,000 $ 39,092,000
v3.25.1
Deposits - Schedule of Deposits by Major Classifications (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Deposits by Major Classifications [Abstract]    
Non-interest bearing demand $ 631,711 $ 611,968
Interest-bearing demand 384,236 313,771
Money market deposit accounts 162,514 158,446
Savings accounts 280,526 308,913
Time deposits under $250,000 365,222 274,569
Time deposits of $250,000 or more 66,234 59,131
Total deposits $ 1,890,443 $ 1,726,798
v3.25.1
Deposits - Schedule of Maturities of Time Deposits (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Schedule of Maturities of Time Deposits [Abstract]  
2025 $ 330,172
2026 17,052
2027 2,433
2028 1,540
2029 80,259
Total $ 431,456
v3.25.1
Short Term Borrowings (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Federal Fund Lines [Member]    
Short Term Borrowings [Line Items]    
Amount of borrowings available $ 30.0  
FRB Discount Window [Member]    
Short Term Borrowings [Line Items]    
Amount of borrowings available $ 62.0 $ 48.9
v3.25.1
Short Term Borrowings - Schedule of Short-Term Borrowings (Details) - Short-term Borrowings [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Short-Term Borrowings [Line Items]    
Total short-term borrowings outstanding at year end $ 60,000
Average interest rate at year end 4.86%
Maximum outstanding at any month end $ 60,000 $ 13,500
Average amount outstanding for the year $ 9,344 $ 5,587
Weighted-average interest rate for the year 5.01% 3.53%
v3.25.1
Other Borrowed Funds (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Other Borrowed Funds [Line Items]  
Percentage of redemption price 100.00%
ENB Financial Corp [Member]  
Other Borrowed Funds [Line Items]  
Maturity date Dec. 30, 2025
ENB Financial Corp [Member]  
Other Borrowed Funds [Line Items]  
Maturity date Jul. 22, 2027
FHLB [Member]  
Other Borrowed Funds [Line Items]  
Maximum borrowing capacity $ 714.9
Remaining borrowing capacity $ 567.0
v3.25.1
Other Borrowed Funds - Schedule of Maturities of FHLB borrowings (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Maturities of FHLB borrowings [Line Items]    
Maturity Year Total other borrowings  
Federal Home Loan Bank Advances $ 83,822 $ 101,228
Weighted- Average Rate % 3.78% 3.47%
FHLB Fixed Rate Loans 1 [Member]    
Schedule of Maturities of FHLB borrowings [Line Items]    
Maturity Year 2024  
Federal Home Loan Bank Advances $ 17,406
Weighted- Average Rate % 2.02%
FHLB Fixed Rate Loans 2 [Member]    
Schedule of Maturities of FHLB borrowings [Line Items]    
Maturity Year 2025  
Federal Home Loan Bank Advances $ 15,984 $ 15,984
Weighted- Average Rate % 2.16% 2.16%
FHLB Fixed Rate Loans 3 [Member]    
Schedule of Maturities of FHLB borrowings [Line Items]    
Maturity Year 2026  
Federal Home Loan Bank Advances $ 28,158 $ 28,158
Weighted- Average Rate % 4.47% 4.47%
FHLB Fixed Rate Loans 4 [Member]    
Schedule of Maturities of FHLB borrowings [Line Items]    
Maturity Year 2027  
Federal Home Loan Bank Advances $ 16,833 $ 16,833
Weighted- Average Rate % 4.11% 4.11%
FHLB Fixed Rate Loans 5 [Member]    
Schedule of Maturities of FHLB borrowings [Line Items]    
Maturity Year 2028  
Federal Home Loan Bank Advances $ 22,847 $ 22,847
Weighted- Average Rate % 3.81% 3.81%
v3.25.1
Other Borrowed Funds - Schedule of Subordinated debt (Details) - Subordinated Debt [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Subordinated debt [Line Items]    
Carrying Total Amount $ 39,716 $ 39,556
ENB Financial Corp [Member]    
Schedule of Subordinated debt [Line Items]    
Issued by ENB Financial Corp  
Ranking [1],[2] Subordinated  
Carrying Total Amount $ 19,920 19,840
Rate % 4.00%  
Issued Amount $ 20,000  
Date Issued Dec. 30, 2020  
Maturity Dec. 30, 2030  
ENB Financial Corp [Member]    
Schedule of Subordinated debt [Line Items]    
Issued by ENB Financial Corp  
Ranking [2],[3] Subordinated  
Carrying Total Amount $ 19,796 $ 19,716
Rate % 5.75%  
Issued Amount $ 20,000  
Date Issued Jul. 22, 2022  
Maturity Sep. 30, 2032  
[1] ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100% of the principal balance at certain times on or after December 30, 2025.
[2] The subordinated notes qualify as Tier 2 capital for regulatory capital purposes.
[3] ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100% of the principal balance at certain times on or after July 22, 2027.
v3.25.1
Capital Transactions (Details) - USD ($)
 12 Months Ended
Oct. 16, 2024
Dec. 31, 2024
Dec. 31, 2023
Oct. 21, 2020
Capital Transactions [Line Items]        
Common stock, shares outstanding 200,000     200,000
Shares were repurchased 161,658      
Repurchased shares value (in Dollars) $ 2,675,000      
Weighted-average cost per share of shares repurchased (in Dollars per share) $ 16.55      
Shares repurchase      
Share discount via stock purchase plan   15.00%    
Shares issued under Employee Stock Purchase Plan (ESPP)   41,800 46,033  
Shares issued under Dividend Reinvestment Plan (DRP)   280,624    
Shares issued   54,209    
Treasury stock issued, shares   67,385 74,655  
Employee stock purchase plan   The initial term of each employment agreement is three (3) years. Each employment agreement shall automatically renew for additional three (3) year terms at the end of the initial three (3) year term and at the end of each three (3) year renewal of the employment agreement unless notice to terminate is given by either party at least one hundred eighty (180) days prior to the expiration of the initial term or any renewal term of the employment agreement. If proper notice to terminate is not given, each employment agreement shall renew for an additional three (3) years. Further, in consideration of entering into the employment agreements, the employees each received restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Corporation common stock. The restricted stock units vest at a rate of 33 1/3% on each anniversary of the date of grant. The product of the number of shares granted and the grant date market price of the Corporation’s common stock determines the fair value of the restricted shares which is expensed over the vesting period.    
Stock-based compensation expense (in Dollars)   $ 61,000 $ 62,000  
Expected future compensation expense (in Dollars)   $ 55,000    
Treasury Shares [Member]        
Capital Transactions [Line Items]        
Treasury stock issued, shares   63,664 71,185  
Dividend Reinvestment Plan [Member]        
Capital Transactions [Line Items]        
Shares issued under Dividend Reinvestment Plan (DRP)   17,580    
Shares issued     5,731  
Directors’ Stock Purchase Plan [Member]        
Capital Transactions [Line Items]        
Shares issued   4,284    
Employee Stock Purchase Plan [Member]        
Capital Transactions [Line Items]        
Shares issued under Employee Stock Purchase Plan (ESPP)   391,686    
Shares issued under Dividend Reinvestment Plan (DRP)     19,421  
v3.25.1
Capital Transactions - Schedule of Nonvested Restricted Stock (Details)
 12 Months Ended
Dec. 31, 2024
$ / shares
shares
Schedule of Nonvested Restricted Stock [Abstract]  
Number of Restricted Stock Units, Nonvested at beginning | shares 8,520
Weighted-Average Grant Date Fair Value, Nonvested at beginning | $ / shares $ 16.31
Number of Restricted Stock Units, Granted | shares
Weighted-Average Grant Date Fair Value, Granted | $ / shares $ 13.9
Number of Restricted Stock Units, Vested | shares 3,721
Weighted-Average Grant Date Fair Value, Vested | $ / shares $ 16.8
Number of Restricted Stock Units, Forfeited | shares 595
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares $ 16.8
Number of Restricted Stock Units, Nonvested at ending | shares 4,204
Weighted-Average Grant Date Fair Value, Nonvested at ending | $ / shares $ 16.31
v3.25.1
Retirement Plans (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Retirement Plans [Line Items]    
Eligible employee’s percentage 2.00%  
Other Postretirement Benefits Plan [Member]    
Retirement Plans [Line Items]    
Eligible employee’s compensation 2.50%  
Eligible employee’s compensation description eligible employee’s compensation, at $0.50 for every $1.00  
Eligible employee’s percentage 5.00%  
Corporation’s cost $ 428,000 $ 447,000
Pension Plan [Member]    
Retirement Plans [Line Items]    
Covered compensation $ 345,000 330,000
401(K) Plan [Member]    
Retirement Plans [Line Items]    
Eligible employee’s compensation 2.50%  
Eligible employee’s percentage 5.00%  
Participants Under Age 50 [Member] | Other Postretirement Benefits Plan [Member]    
Retirement Plans [Line Items]    
Revenue service contribution amounts $ 23,000 22,500
Participants Over Age 50 [Member] | Other Postretirement Benefits Plan [Member]    
Retirement Plans [Line Items]    
Revenue service contribution amounts 30,500 30,000
Total expense $ 1,046,000 $ 986,000
Non-Elective contribution [Member] | 401(K) Plan [Member]    
Retirement Plans [Line Items]    
Eligible employee’s percentage 3.00%  
Non-Elective contribution [Member] | 401(K) Plan [Member] | Minimum [Member]    
Retirement Plans [Line Items]    
Eligible employee’s percentage 2.00%  
v3.25.1
Deferred Compensation (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Deferred Compensation [Abstract]    
Life insurance policies, aggregate face amount $ 5,332,000 $ 6,069,000
Cash surrender value of life insurance policies $ 4,257,000 $ 4,786,000
v3.25.1
Income Taxes - Schedule of Income Tax Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Income Tax Reconciliation [Abstract]    
Income tax at statutory rate $ 3,911 $ 3,110
Income tax at statutory rate, rate 21.00% 21.00%
Tax-exempt interest income $ (908) $ (885)
Tax-exempt interest income, rate (4.90%) (6.00%)
Non-deductible interest expense $ 527 $ 376
Non-deductible interest expense, rate 2.80% 2.50%
Bank-owned life insurance $ (236) $ (174)
Bank-owned life insurance, rate (1.30%) (1.20%)
Other $ 14 $ 9
Other, rate 0.10% 0.10%
Income tax expense $ 3,308 $ 2,436
Income tax expense, rate 17.70% 16.40%
v3.25.1
Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Components of Income Tax Expense [Abstract]    
Current tax expense $ 3,036 $ 2,268
Deferred tax expense (benefit) 272 168
Income tax expense $ 3,308 $ 2,436
v3.25.1
Income Taxes - Schedule of Net Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets    
Allowance for credit losses $ 3,386 $ 3,187
Allowance for off-balance sheet extensions of credit 278 278
Net unrealized holding losses on securities available for sale 9,144 9,132
Interest on non-accrual loans 70 9
Other 470 592
Total deferred tax assets 13,348 13,198
Deferred tax liabilities    
Premises and equipment (1,350) (1,184)
Mortgage servicing rights (551) (464)
Discount on investment securities (527) (288)
Other (493) (574)
Total deferred tax liabilities (2,921) (2,510)
Net deferred tax assets $ 10,427 $ 10,688
v3.25.1
Regulatory Matters and Restrictions (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Regulatory Matters and Restrictions [Abstract]  
Small bank holding companies consolidated asset limit $ 3,000.0
Retained net profits available to pay dividends $ 23.4
v3.25.1
Regulatory Matters and Restrictions - Schedule of Regulatory Capital Requirements (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Bank [Member]    
Schedule of Regulatory Capital Requirements [Line Items]    
Total Capital $ 218,123 $ 204,290
Tier 1 Capital $ 200,678 $ 187,790
Total Capital (to risk-weighted assets) ratio 14.40% 14.40%
Tier 1 Capital (to average assets) ratio 9.10% 9.40%
Amount of capital for adequacy purposes $ 121,445 $ 113,182
Amount of Tier 1 Capital for adequacy purposes $ 88,018 $ 80,295
Amount of capital for adequacy purposes, ratio 8.00% 8.00%
Amount of Tier 1 Capital for adequacy purposes, ratio 4.00% 4.00%
To be well-capitalized $ 151,807 $ 141,477
Tier 1 Capital to be well-capitalized $ 110,022 $ 100,369
To be well-capitalized, ratio 10.00% 10.00%
Tier 1 Capital to be well-capitalized, ratio 5.00% 5.00%
Tier I Capital to Risk-Weighted Assets    
Tier 1 Capital $ 200,678 $ 187,790
Tier 1 Capital (to risk-weighted assets) ratio 13.20% 13.30%
Amount of Tier 1 Capital for adequacy purposes $ 91,084 $ 84,886
Amount of Tier 1 Capital for adequacy purposes, ratio 6.00% 6.00%
Tier 1 Capital to be well-capitalized $ 121,445 $ 113,182
Tier 1 Capital to be well-capitalized, ratio 8.00% 8.00%
Tier 1 Capital (to average assets) ratio 13.20% 13.30%
Common Equity Tier I Capital to Risk-Weighted Assets    
Common Equity Tier I Capital $ 200,678 $ 187,790
Common Equity Tier I Capital ratio 13.20% 13.30%
Amount of Common Equity Tier 1 Capital for adequacy purposes $ 68,313 $ 63,665
Amount of Common Equity Tier 1 Capital for adequacy purposes, ratio 4.50% 4.50%
Common Equity Tier 1 Capital to be well-capitalized $ 98,674 $ 91,960
Common Equity Tier 1 Capital to be well-capitalized, ratio 6.50% 6.50%
Tier I Capital to Average Assets    
Total Capital $ 218,123 $ 204,290
Tier 1 Capital $ 200,678 $ 187,790
Total Capital (to risk-weighted assets) ratio 14.40% 14.40%
Tier 1 Capital (to average assets) ratio 9.10% 9.40%
Amount of capital for adequacy purposes $ 121,445 $ 113,182
Amount of Tier 1 Capital for adequacy purposes $ 88,018 $ 80,295
Amount of capital for adequacy purposes, ratio 8.00% 8.00%
Amount of Tier 1 Capital for adequacy purposes, ratio 4.00% 4.00%
To be well-capitalized $ 151,807 $ 141,477
Tier 1 Capital to be well-capitalized $ 110,022 $ 100,369
To be well-capitalized, ratio 10.00% 10.00%
Tier 1 Capital to be well-capitalized, ratio 5.00% 5.00%
Consolidated [Member]    
Schedule of Regulatory Capital Requirements [Line Items]    
Total Capital $ 222,127 $ 210,066
Tier 1 Capital $ 164,966 $ 154,009
Total Capital (to risk-weighted assets) ratio 14.60% 14.80%
Tier 1 Capital (to average assets) ratio 7.50% 7.70%
Amount of capital for adequacy purposes
Amount of Tier 1 Capital for adequacy purposes
Amount of capital for adequacy purposes, ratio
Amount of Tier 1 Capital for adequacy purposes, ratio
To be well-capitalized
Tier 1 Capital to be well-capitalized
To be well-capitalized, ratio
Tier 1 Capital to be well-capitalized, ratio
Tier I Capital to Risk-Weighted Assets    
Tier 1 Capital $ 164,966 $ 154,009
Tier 1 Capital (to risk-weighted assets) ratio 10.90% 10.90%
Amount of Tier 1 Capital for adequacy purposes
Amount of Tier 1 Capital for adequacy purposes, ratio
Tier 1 Capital to be well-capitalized
Tier 1 Capital to be well-capitalized, ratio
Tier 1 Capital (to average assets) ratio 10.90% 10.90%
Common Equity Tier I Capital to Risk-Weighted Assets    
Common Equity Tier I Capital $ 164,966 $ 154,009
Common Equity Tier I Capital ratio 10.90% 10.90%
Amount of Common Equity Tier 1 Capital for adequacy purposes
Amount of Common Equity Tier 1 Capital for adequacy purposes, ratio
Common Equity Tier 1 Capital to be well-capitalized
Common Equity Tier 1 Capital to be well-capitalized, ratio
Tier I Capital to Average Assets    
Total Capital $ 222,127 $ 210,066
Tier 1 Capital $ 164,966 $ 154,009
Total Capital (to risk-weighted assets) ratio 14.60% 14.80%
Tier 1 Capital (to average assets) ratio 7.50% 7.70%
Amount of capital for adequacy purposes
Amount of Tier 1 Capital for adequacy purposes
Amount of capital for adequacy purposes, ratio
Amount of Tier 1 Capital for adequacy purposes, ratio
To be well-capitalized
Tier 1 Capital to be well-capitalized
To be well-capitalized, ratio
Tier 1 Capital to be well-capitalized, ratio
v3.25.1
Transactions with Directors and Officers (Details) - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Transactions with Directors and Officers [Abstract]    
Related party deposit liabilities $ 1,798,000 $ 1,792,000
v3.25.1
Transactions with Directors and Officers - Schedule of Aggregate Loans to Related Parties (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Aggregate Related Party Loans [Abstract]    
Balance, beginning of year $ 1,968 $ 2,624
Advances 344 1,369
Repayments (1,372) (2,025)
Balance, end of year $ 940 $ 1,968
v3.25.1
Commitments and Contingencies (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Commitments and Contingencies [Line Items]    
Commitment to extend credit $ 591.8 $ 91.5
Commitments to Extend Credit [Member]    
Commitments and Contingencies [Line Items]    
Commitment to extend credit 64.9 504.7
Line of Credit [Member]    
Commitments and Contingencies [Line Items]    
Commitment to extend credit 510.5 18.3
Letter of Credit [Member]    
Commitments and Contingencies [Line Items]    
Commitment to extend credit $ 16.4 $ 614.5
v3.25.1
Financial Instruments with Concentrations of Credit Risk (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Percentage of legal lending limit 15.00%  
Policy lending limit, percent 75.00%  
Legal lending limit $ 32,718,000 $ 30,644,000
Policy lending limit 24,539,000 22,983,000
Gross loans outstanding 1,425,400,000 $ 1,357,900,000
Corporation held 57,400,000  
Total corporate securities $ 57,400,000  
Obligations of states and political subdivisions - State of Pennsylvania [Member] | Credit Availability Concentration Risk [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 19.00%  
Obligations of States and Political Subdivisions - State of Texas [Member] | Credit Availability Concentration Risk [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 20.00%  
Corporate Bond Securities [Member] | Domestic Destination [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Debt $ 54,400,000  
Corporate Bond Securities [Member] | Foreign Issuers [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Debt 3,000,000  
Corporate Bond Securities [Member] | Financial and Brokerage Issuers [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Debt $ 33,700,000  
Debt Activities [Member] | Concentrations of Credit [Member] | Residential Real Estate [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 44.40% 44.50%
Debt Activities [Member] | Financial and Brokerage Issuers [Member] | Residential Real Estate [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 58.80%  
Commercial Real Estate Agriculture Mortgages [Member] | Credit Availability Concentration Risk [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 20.30%  
Agricultural Mortgages [Member] | Credit Availability Concentration Risk [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage   19.00%
Non-residential Real Estate Investment [Member] | Industry Type [Member] | Commercial Real Estate [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 7.80%  
NAICS Non-Residential Real Estate Investment Loans [Member] | Credit Availability Concentration Risk [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 6.40%  
Investment Loans [Member] | Residential Real Estate [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding percentage 5.70%  
Residential Real Estate [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Loans $ 632,400,000  
Gross loans outstanding 81,700,000 $ 604,700,000
Commercial Real Estate [Member] | Credit Availability Concentration Risk [Member] | Debt [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding 111,600,000  
NAICS Non-Residential Real Estate Investment Loans [Member]    
Financial Instruments with Concentrations of Credit Risk [Line Items]    
Gross loans outstanding $ 90,700,000  
v3.25.1
Leases (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Rent expense $ 496,000 $ 468,000
v3.25.1
Leases - Schedule of ROU Assets and Lease Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Disclosure Text Block Abstract    
Other Assets Other assets Other assets
Operating lease right-of use assets $ 2,347 $ 2,736
Other Liabilities Other liabilities Other liabilities
Operating lease liabilties $ 2,405 $ 2,781
v3.25.1
Leases - Schedule of Operating Leases Weighted-Average Discount Term and Rate (Details)
Dec. 31, 2024
Dec. 31, 2023
Schedule of Operating Leases Weighted-Average Discount Term and Rate [Abstract]    
Weighted-average remaining lease term Operating leases 12 years 3 months 18 days 12 years 2 months 12 days
Weighted-average discount rate Operating leases 2.88% 2.85%
v3.25.1
Leases - Schedule of Maturities of Operating Leases (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Maturities of Operating Leases [Abstract]    
December 31, 2025 $ 346  
December 31, 2026 239  
December 31, 2027 228  
December 31, 2028 232  
December 31, 2029 237  
Thereafter 1,582  
Total Future Minimum Lease Payments 2,864  
Amounts Representing Interests (459)  
Present Value of Net Future Minimum Lease Payments $ 2,405 $ 2,781
v3.25.1
Fair Value Measurements (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Fair Value Measurements [Abstract]    
Corporation individually analyzed loans $ 13,976,000 $ 3,144,000
Specific allocation loans $ 773,000 $ 3,144,000
v3.25.1
Fair Value Measurements - Schedule of Assets Measured on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) $ 626,140 $ 469,020
Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 28,172 27,610
Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 597,968 441,410
Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. treasuries [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 18,462 18,159
Fair Value Measured on a Recurring Basis [Member] | U.S. treasuries [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 18,462 18,159
Fair Value Measured on a Recurring Basis [Member] | U.S. treasuries [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. treasuries [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. government agencies [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 18,067 17,538
Fair Value Measured on a Recurring Basis [Member] | U.S. government agencies [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. government agencies [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 18,067 17,538
Fair Value Measured on a Recurring Basis [Member] | U.S. government agencies [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. agency mortgage-backed securities [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 34,880 40,156
Fair Value Measured on a Recurring Basis [Member] | U.S. agency mortgage-backed securities [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. agency mortgage-backed securities [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 34,880 40,156
Fair Value Measured on a Recurring Basis [Member] | U.S. agency mortgage-backed securities [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. agency collateralized mortgage obligations [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 110,995 19,837
Fair Value Measured on a Recurring Basis [Member] | U.S. agency collateralized mortgage obligations [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | U.S. agency collateralized mortgage obligations [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 110,995 19,837
Fair Value Measured on a Recurring Basis [Member] | U.S. agency collateralized mortgage obligations [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Non-agency MBS/CMO [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 145,211 56,187
Fair Value Measured on a Recurring Basis [Member] | Non-agency MBS/CMO [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Non-agency MBS/CMO [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 145,211 56,187
Fair Value Measured on a Recurring Basis [Member] | Non-agency MBS/CMO [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Asset-backed securities [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 57,268 65,305
Fair Value Measured on a Recurring Basis [Member] | Asset-backed securities [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Asset-backed securities [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 57,268 65,305
Fair Value Measured on a Recurring Basis [Member] | Asset-backed securities [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Corporate bonds [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 53,072 55,004
Fair Value Measured on a Recurring Basis [Member] | Corporate bonds [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Corporate bonds [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 53,072 55,004
Fair Value Measured on a Recurring Basis [Member] | Corporate bonds [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Obligations of states & political subdivisions [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 178,475 187,383
Fair Value Measured on a Recurring Basis [Member] | Obligations of states & political subdivisions [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Obligations of states & political subdivisions [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 178,475 187,383
Fair Value Measured on a Recurring Basis [Member] | Obligations of states & political subdivisions [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Marketable equity securities [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 9,710 9,451
Fair Value Measured on a Recurring Basis [Member] | Marketable equity securities [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 9,710 9,451
Fair Value Measured on a Recurring Basis [Member] | Marketable equity securities [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Marketable equity securities [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)
Fair Value Measured on a Recurring Basis [Member] | Derivatives and hedging activities [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 3,929  
Fair Value Measured on a Recurring Basis [Member] | Derivatives and hedging activities [Member] | Level I [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)  
Fair Value Measured on a Recurring Basis [Member] | Derivatives and hedging activities [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value) 3,929  
Fair Value Measured on a Recurring Basis [Member] | Derivatives and hedging activities [Member] | Level III [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)  
Fair Value Measured on a Recurring Basis [Member] | Derivatives and hedging activities [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)  
Fair Value Measured on a Recurring Basis [Member] | Derivatives and hedging activities [Member] | Level II [Member]    
Schedule of Assets Measured on a Recurring Basis [Line Items]    
Securities available for sale (at fair value)  
v3.25.1
Fair Value Measurements - Schedule of Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Assets Measured on a Nonrecurring Basis [Line Items]    
Individually analyzed loans $ 13,203 $ 3,144
Total 13,203 3,144
Level I [Member]    
Schedule of Assets Measured on a Nonrecurring Basis [Line Items]    
Individually analyzed loans
Total
Level II [Member]    
Schedule of Assets Measured on a Nonrecurring Basis [Line Items]    
Individually analyzed loans
Total
Level III [Member]    
Schedule of Assets Measured on a Nonrecurring Basis [Line Items]    
Individually analyzed loans 13,203 3,144
Total $ 13,203 $ 3,144
v3.25.1
Fair Value Measurements - Schedule of Level III Fair Value Measurements (Details) - Individually Analyzed Loans [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Level III Fair Value Measurements [Line Items]    
Fair Value Estimate (in Dollars) $ 13,203 $ 3,144
Valuation Techniques [1] Appraisal of collateral (1) Appraisal of collateral (1)
Unobservable inputs - Appraisal adjustments [2] Appraisal adjustments (2) Appraisal adjustments (2)
Range (Weighted Avg)- Individually analyzed loans 20.00% 20.00%
Unobservable inputs - Liquidation expenses [2] Liquidation expenses (2) Liquidation expenses (2)
Range (Weighted Avg)- Impaired loans 10.00% 10.00%
Minimum [Member]    
Schedule of Level III Fair Value Measurements [Line Items]    
Range (Weighted Avg)- Individually analyzed loans 0.00% 0.00%
Range (Weighted Avg)- Impaired loans 0.00% 0.00%
Maximum [Member]    
Schedule of Level III Fair Value Measurements [Line Items]    
Range (Weighted Avg)- Individually analyzed loans 20.00% 20.00%
Range (Weighted Avg)- Impaired loans 10.00% 10.00%
[1] Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various level III inputs which are not identifiable.
[2] Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.  The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
v3.25.1
Disclosures About Fair Value of Financial Instruments - Schedule of Carrying Amount and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Financial Assets:    
Cash and cash equivalents $ 68,909 $ 88,996
Regulatory stock 10,789 8,540
Bank owned life insurance 36,014 35,632
Financial Liabilities:    
Demand deposits 631,711 611,968
Interest-bearing demand deposits 384,236 313,771
Money market deposit accounts 162,514 158,446
Savings accounts 280,526 308,913
Time deposits 431,456  
Total deposits 1,890,443 1,726,798
Short-term debt 60,000
Subordinated debt 39,716 39,556
Quoted Prices in Active Markets for Identical Assets (Level I) [Member]    
Financial Assets:    
Cash and cash equivalents 68,909 88,996
Regulatory stock 10,789 8,540
Loans held for sale 3,996 352
Loans, net of allowance
Mortgage servicing assets
Accrued interest receivable 8,624 7,015
Bank owned life insurance 36,014 35,632
Financial Liabilities:    
Demand deposits 631,711 611,968
Interest-bearing demand deposits 384,236 214,033
NOW accounts   99,738
Money market deposit accounts 162,514 158,446
Savings accounts 280,526 308,913
Time deposits
Total deposits 1,458,987 1,393,098
Short-term debt 60,000  
Long-term debt
Subordinated debt
Accrued interest payable 3,169 2,203
Significant Other Observable Inputs (Level II) [Member]    
Financial Assets:    
Cash and cash equivalents
Regulatory stock
Loans held for sale
Loans, net of allowance
Mortgage servicing assets
Accrued interest receivable
Bank owned life insurance
Financial Liabilities:    
Demand deposits
Interest-bearing demand deposits
NOW accounts  
Money market deposit accounts
Savings accounts
Time deposits
Total deposits
Short-term debt  
Long-term debt
Subordinated debt
Accrued interest payable
Significant Unobservable Inputs (Level III) [Member]    
Financial Assets:    
Cash and cash equivalents
Regulatory stock
Loans held for sale
Loans, net of allowance 1,374,663 1,300,300
Mortgage servicing assets 3,179 2,904
Accrued interest receivable
Bank owned life insurance
Financial Liabilities:    
Demand deposits
Interest-bearing demand deposits
NOW accounts  
Money market deposit accounts
Savings accounts
Time deposits 432,958 331,680
Total deposits 432,958 331,680
Short-term debt  
Long-term debt 83,841 101,509
Subordinated debt 35,593 33,976
Accrued interest payable
Carrying Amount [Member]    
Financial Assets:    
Cash and cash equivalents 68,909 88,996
Regulatory stock 10,789 8,540
Loans held for sale 3,996 352
Loans, net of allowance 1,411,147 1,344,902
Mortgage servicing assets 2,364 2,151
Accrued interest receivable 8,624 7,015
Bank owned life insurance 36,014 35,632
Financial Liabilities:    
Demand deposits 631,711 611,968
Interest-bearing demand deposits 384,236 214,033
NOW accounts   99,738
Money market deposit accounts 162,514 158,446
Savings accounts 280,526 308,913
Time deposits 431,456 333,700
Total deposits 1,890,443 1,726,798
Short-term debt 60,000  
Long-term debt 83,822 101,228
Subordinated debt 39,716 39,556
Accrued interest payable 3,169 2,203
Fair Value [Member]    
Financial Assets:    
Cash and cash equivalents 68,909 88,996
Regulatory stock 10,789 8,540
Loans held for sale 3,996 352
Loans, net of allowance 1,374,663 1,300,300
Mortgage servicing assets 3,179 2,904
Accrued interest receivable 8,624 7,015
Bank owned life insurance 36,014 35,632
Financial Liabilities:    
Demand deposits 631,711 611,968
Interest-bearing demand deposits 384,236 214,033
NOW accounts   99,738
Money market deposit accounts 162,514 158,446
Savings accounts 280,526 308,913
Time deposits 432,958 331,680
Total deposits 1,891,945 1,724,778
Short-term debt 60,000  
Long-term debt 83,841 101,509
Subordinated debt 35,593 33,976
Accrued interest payable $ 3,169 $ 2,203
v3.25.1
Accumulated Other Comprehensive Income (Loss) (Details)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Abstract]    
Federal income tax rate, percentage 21.00% 21.00%
v3.25.1
Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Unrealized Gains (Losses) on Securities Available-for-Sale [Member]    
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]    
Balance Beginning [1],[2] $ (34,355) $ (48,292)
Other comprehensive income (loss) before reclassifications [1],[2] (26) 12,854
Amount reclassified from accumulated other comprehensive income (loss) [1],[2] 77 1,083
Period change [1],[2] 51 13,937
Balance Ending [1],[2] (34,304) (34,355)
Derivatives [Member]    
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]    
Balance Beginning [1],[2]
Other comprehensive income (loss) before reclassifications [1],[2] 161
Amount reclassified from accumulated other comprehensive income (loss) [1],[2]
Period change [1],[2] 161
Balance Ending [1],[2] 161
AOCI Attributable to Parent [Member]    
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]    
Balance Beginning [1],[2] (34,355) (48,292)
Other comprehensive income (loss) before reclassifications [1],[2] 135 12,854
Amount reclassified from accumulated other comprehensive income (loss) [1],[2] 77 1,083
Period change [1],[2] 212 13,937
Balance Ending [1],[2] $ (34,143) $ (34,355)
[1] All amounts are net of tax.  Related income tax expense or benefit is calculated using a Federal income tax rate of 21%.
[2] Amounts in parentheses indicate debits.
v3.25.1
Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) Components (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Accumulated Other Comprehensive Income (Loss) Components [Line Items]    
Related income tax benefit (expense) $ 3,036 $ 2,268
Net Effect on accumulated other comprehensive loss for the period [1] (77) (1,083)
Total reclassifications for the period [1] (77) (1,083)
Securities Available for Sale [Member]    
Schedule of Accumulated Other Comprehensive Income (Loss) Components [Line Items]    
Net securities losses reclassified into earnings [1] $ (97) (1,371)
Net securities losses reclassified into earnings [1] Losses on sale of debt securities, net  
Related income tax benefit (expense) [1] $ 20 288
Related income tax benefit (expense) [1] Provision for federal income taxes  
Net Effect on accumulated other comprehensive loss for the period [1] $ (77) (1,083)
Total reclassifications for the period [1] $ (77) $ (1,083)
[1] Amounts in parentheses indicate debits.
v3.25.1
Derivatives and Hedging Activities (Details)
 12 Months Ended
Dec. 31, 2024
USD ($)
Derivatives and Hedging Activities [Abstract]  
Fair value of closed portfolios $ 187,400,000
Amount of hedged assets 193,900,000
Notional amount 60,000,000
Gain on reduction in interest expense $ 73,000
v3.25.1
Derivatives and Hedging Activities - Schedule of Cumulative Basis Adjustment for the Fair Value Hedges (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Schedule of Cumulative Basis Adjustment for the Fair Value Hedges [Abstract]    
Carrying Amount of the Hedged Assets, Investment Securities, Available-for-Sale [1] $ 195,904
Cumulative Amount of Fair Value Hedging Adjustment, Investment Securities, Available-for-Sale [1] $ (3,758)
[1] Carrying value represents amortized cost
v3.25.1
Derivatives and Hedging Activities - Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
MBS Bonds [Member]    
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet [Line Items]    
Notional Amount $ 193,800
Balance Sheet Location Other Assets
Fair Value $ 3,929
FHLB Advances [Member]    
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet [Line Items]    
Notional Amount $ 60,000
Balance Sheet Location Other Assets
Fair Value
Hedging Instruments [Member]    
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet [Line Items]    
Notional Amount 253,800
Balance Sheet Location  
Fair Value 3,929
Notional [Member] | MBS Bonds [Member]    
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet [Line Items]    
Notional Amount 195,904  
Notional [Member] | FHLB Advances [Member]    
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet [Line Items]    
Notional Amount 60,000  
Notional [Member] | Hedging Instruments [Member]    
Schedule of Fair Values of Derivative Instruments on the Consolidated Balance Sheet [Line Items]    
Notional Amount $ 255,904  
v3.25.1
Derivatives and Hedging Activities - Schedule of the Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Amount of (Loss) Gain Recognized in OCI on Derivative [Member]    
Derivatives in Cash Flow Hedging Relationships    
Interest Rate Products $ 204
Amount of Gain Reclassified from Accumulated OCI into Income [Member]    
Derivatives in Cash Flow Hedging Relationships    
Interest Rate Products $ (73)
v3.25.1
Condensed Parent Only Data - Condensed Balance Sheets (Details) - Parent Company [Member] - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash $ 1,218 $ 2,969
Equity securities 1,193 1,717
Equity in bank subsidiary 166,696 153,434
Other assets 1,616 1,100
Total assets 170,723 159,220
Liabilities    
Subordinated debt 39,716 39,556
Other Liabilities 23 10
Total Liabilities 39,739 39,566
Stockholders' Equity    
Common stock 574 574
Capital surplus 3,957 4,072
Retained earnings 162,006 150,596
Accumulated other loss, net of tax (34,143) (34,355)
Treasury stock (1,410) (1,233)
Total stockholders' equity 130,984 119,654
Total liabilities and stockholders' equity $ 170,723 $ 159,220
v3.25.1
Condensed Parent Only Data - Condensed Statements of Comprehensive Income (Details) - Parent Company [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income    
Dividend income - investment securities $ 74 $ 71
Losses on equity securities, net 256 (126)
Dividend income 3,906 3,837
Undistributed earnings of bank subsidiary 12,989 10,438
Total income 17,225 14,220
Expense    
Subordinated debt interest expense 1,950 1,950
Shareholder expenses 178 176
Other expenses 209 234
Total expense 2,337 2,360
Benefit for income taxes (429) (515)
Net Income 15,317 12,375
Comprehensive Income $ 15,529 $ 26,312
v3.25.1
Condensed Parent Only Data - Condensed Statements of Cash Flows (Details) - Parent [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net Income $ 15,317 $ 12,375
Equity in undistributed earnings of subsidiaries (12,989) (10,438)
(Gains) losses on equity securities, net (256) 125
Net amortization of subordinated debt fees 160 160
Net decrease (increase) in other assets 945 (332)
Net decrease in other liabilities (1,449) (16)
Net cash provided by operating activities 1,728 1,874
Cash Flows from Investing Activities:    
Proceeds from sales of equity securities 781
Purchases of equity securities (70)
Net cash provided by (used for) investing activities 781 (70)
Cash Flows from Financing Activities:    
Proceeds from sale of treasury stock 965 973
Treasury stock purchased (1,318) (572)
Dividends paid (3,907) (3,837)
Net cash used for financing activities (4,260) (3,436)
Cash and Cash Equivalents:    
Net change in cash and cash equivalents (1,751) (1,632)
Cash and cash equivalents at beginning of period 2,969 4,601
Cash and cash equivalents at end of period $ 1,218 $ 2,969