v3.25.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of assets reported on the balance sheet at their fair value on a recurring basis
The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a recurring basis as of March 31, 2025 and December 31, 2024, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
 March 31, 2025
(In Thousands)Level ILevel IILevel IIITotal
Assets measured on a recurring basis:    
Investment securities, available for sale:    
U.S. Government and agency securities$— $1,981 $— $1,981 
Mortgage-backed securities— 37,734 — 37,734 
State and political securities— 98,043 — 98,043 
Other debt securities— 37,963 — 37,963 
Investment equity securities:
  Equity securities1,128 — — 1,128 

 December 31, 2024
(In Thousands)Level ILevel IILevel IIITotal
Assets measured on a recurring basis:    
Investment securities, available for sale:    
U.S. Government and agency securities$— $1,960 $— $1,960 
Mortgage-backed securities— 38,357 — 38,357 
State and political securities— 100,624 — 100,624 
Other debt securities— 43,601 — 43,601 
Investment equity securities:
  Equity securities1,111 — — 1,111 
Schedule of assets reported on the consolidated balance sheet at their fair value on a non-recurring basis
The following table presents the assets reported on the Consolidated Balance Sheet at their fair value on a non-recurring basis as of March 31, 2025 and December 31, 2024, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 
 March 31, 2025
(In Thousands)Level ILevel IILevel IIITotal
Assets measured on a non-recurring basis:    
Collateral dependent loans$— $— $5,074 $5,074 
Other real estate owned— — 83 83 
 December 31, 2024
(In Thousands)Level ILevel IILevel IIITotal
Assets measured on a non-recurring basis:    
Collateral dependent loans$— $— $4,925 $4,925 
Other real estate owned— — 178 178 
Schedule of listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques
The following tables present a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques as of March 31, 2025 and December 31, 2024: 
 March 31, 2025
 Quantitative Information About Level III Fair Value Measurements
(In Thousands)Fair ValueValuation Technique(s)Unobservable InputsRangeWeighted Average
Collateral dependent loans$5,074 
Appraisal of collateral (1)
Appraisal of collateral (1)
(5)% to (24)%
(15)%
Other real estate owned$83 
Appraisal of collateral (1)
Appraisal of collateral (1)
(20)%(20)%
(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.
 December 31, 2024
 Quantitative Information About Level III Fair Value Measurements
(In Thousands)Fair ValueValuation Technique(s)Unobservable InputsRangeWeighted Average
Collateral dependent loans$4,925 
Appraisal of collateral (1)
Appraisal of collateral (1)
(5)% to (24)%
(11)%
Other real estate owned$178 
Appraisal of collateral (1)
Appraisal of collateral (1)
(20)%(20)%
(1) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.