| Schedule of Assets and Liabilities Measured at Fair Value |
Disclosures concerning assets and liabilities measured at fair value are as follows: Assets and Liabilities Measured at Fair Value on a Recurring Basis
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Quoted Prices |
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In Active |
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Significant |
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Markets for |
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Other |
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Significant |
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Identical |
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Observable |
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Unobservable |
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Balance |
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(Dollars in thousands) |
Assets |
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Inputs |
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Inputs |
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at Date |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Indicated |
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Equity Securities Held at Fair Value - June 30, 2025 |
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Equity securities |
$ |
5,613 |
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$ |
- |
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$ |
3,969 |
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$ |
9,582 |
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Investment Securities, Available for Sale - June 30, 2025 |
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U.S. Treasury notes and bonds |
$ |
87,749 |
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$ |
- |
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$ |
- |
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$ |
87,749 |
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State and municipal |
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- |
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216,845 |
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- |
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216,845 |
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Mortgage-backed |
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- |
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165,657 |
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- |
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165,657 |
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Corporate |
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- |
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212 |
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- |
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212 |
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Asset-backed securities |
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- |
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8,963 |
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- |
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8,963 |
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Total |
$ |
87,749 |
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$ |
391,677 |
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$ |
- |
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$ |
479,426 |
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Derivative Instruments - June 30, 2025 |
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Interest rate derivative contracts - assets |
$ |
- |
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$ |
7,932 |
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$ |
- |
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$ |
7,932 |
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Interest rate derivative contracts - liabilities |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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Loan Swaps - June 30, 2025 |
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Loan swaps - assets |
$ |
- |
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$ |
1,750 |
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$ |
- |
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$ |
1,750 |
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Loan swaps - liabilities |
$ |
- |
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$ |
1,765 |
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$ |
- |
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$ |
1,765 |
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Equity Securities Held at Fair Value - December 31, 2024 |
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Equity securities |
$ |
4,838 |
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$ |
- |
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$ |
2,944 |
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$ |
7,782 |
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Investment Securities, Available for Sale - December 31, 2024 |
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U. S. Treasury notes and bonds |
$ |
80,502 |
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$ |
- |
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$ |
- |
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$ |
80,502 |
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State and municipal |
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- |
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228,236 |
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- |
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228,236 |
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Mortgage-backed |
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- |
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160,970 |
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- |
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160,970 |
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Corporate |
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- |
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212 |
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- |
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212 |
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Asset-backed securities |
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- |
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9,197 |
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- |
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9,197 |
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Total |
$ |
80,502 |
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$ |
398,615 |
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$ |
- |
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$ |
479,117 |
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Derivative Instruments - December 31, 2024 |
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Interest rate derivative contracts - assets |
$ |
- |
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$ |
23,649 |
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$ |
- |
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$ |
23,649 |
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Interest rate derivative contracts - liabilities |
$ |
- |
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$ |
- |
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$ |
- |
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$ |
- |
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Loan Swaps - December 31, 2024 |
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Interest rate swaps - assets |
$ |
- |
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$ |
686 |
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$ |
- |
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$ |
686 |
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Interest rate swaps - liabilities |
$ |
- |
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$ |
686 |
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$ |
- |
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$ |
686 |
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| Schedule of Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis |
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
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Six Months Ended |
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(Dollars in thousands) |
June 30, |
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2025 |
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2024 |
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Equity Securities Held at Fair Value |
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Balance, January 1 |
$ |
2,944 |
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$ |
2,756 |
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Total realized and unrealized (losses) gains included in noninterest income |
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255 |
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52 |
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Net purchases, sales, calls, and maturities |
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770 |
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33 |
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Net transfers into Level 3 |
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- |
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- |
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Balance, June 30, |
$ |
3,969 |
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$ |
2,841 |
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Amount of total losses for the period included in earnings attributable to the change in
unrealized gains (losses) relating to assets and liabilities still held at June 30, |
$ |
10 |
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$ |
12 |
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| Schedule of Assets Measured at Fair Value on a Non-recurring Basis |
Assets Measured at Fair Value on a Non-recurring Basis
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Quoted Prices |
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In Active |
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Significant |
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Markets for |
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Other |
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Significant |
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Balances at |
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Identical |
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Observable |
|
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Unobservable |
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(Dollars in thousands) |
Dates |
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Assets |
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Inputs |
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Inputs |
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Indicated |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Collateral Dependent Loans |
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June 30, 2025 |
$ |
420 |
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$ |
- |
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$ |
- |
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$ |
420 |
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December 31, 2024 |
$ |
1,887 |
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$ |
- |
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$ |
- |
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$ |
1,887 |
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Other Real Estate |
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June 30, 2025 |
$ |
2,442 |
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$ |
- |
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$ |
- |
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$ |
2,442 |
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December 31, 2024 |
$ |
473 |
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$ |
- |
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$ |
- |
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$ |
473 |
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