v3.25.2
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 are summarized below:
Fair Value Measure on a Recurring Basis
($ in thousands)Total
Fair Value		Quoted
Prices in
Active Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
June 30, 2025
AFS debt securities:
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$34,806 $— $34,806 $— 
Residential collateralized mortgage obligations134,873 — 134,873 — 
Municipal securities - tax exempt5,321 — 5,321 — 
Other investments:
Mutual fund - CRA qualified3,651 3,651 — — 
Derivative assets:
Interest rate products6 — 6 — 
Derivative liabilities:
Interest rate products945 — 945 — 
December 31, 2024
AFS debt securities:
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities$37,076 $— $37,076 $— 
Residential collateralized mortgage obligations143,041 — 143,041 — 
Municipal securities - tax exempt5,792 — 5,792 — 
Other investments:
Mutual fund - CRA qualified3,532 3,532 — — 
Derivative assets:
Interest rate products368 — 368 — 
Derivative liabilities:
Interest rate products579 — 579 — 
Schedule of Fair Value Hierarchy and Fair Value of Assets that Were Still Held and Had Fair Value Adjustments Measured On a Nonrecurring Basis
The following table presents the fair value hierarchy and fair value of assets that were still held and had fair value adjustments measured on a nonrecurring basis as of June 30, 2025 and December 31, 2024:
Fair Value Measure on a Nonrecurring Basis
($ in thousands)Total
Fair Value		Quoted
Prices in
Active Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
June 30, 2025
Collateral-dependent loans:
SBA—real estate1,437 — — 1,437 
Total$1,437 $— $— $1,437 
December 31, 2024
Collateral-dependent loans:
CRE$173 $— $— $173 
SBA—real estate952 — — 952 
OREO1,237 — — 1,237 
Total$2,362 $— $— $2,362 
Total
Schedule of Increase (Decrease) In Value of Certain Assets Held at End of Respective Reporting Periods Presented for Which a Nonrecurring Fair Value Adjustment
The following table presents the increase (decrease) in the fair value of certain assets held at the end of the reporting periods presented for which a nonrecurring fair value adjustment was recognized during the respective periods:
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2025202420252024
Collateral-dependent loans:
SBA—real estate(160)— 113 — 
Total$(160)$— $113 $— 
Schedule of Information about Significant Unobservable Inputs Utilized in Company's Nonrecurring Level 3 Fair Value Measurements
The following table presents information about significant unobservable inputs utilized in the Company’s nonrecurring Level 3 fair value measurements as of June 30, 2025 and December 31, 2024:
($ in thousands)Fair Value
Measurements
(Level 3)		Valuation
Techniques		Unobservable
Inputs		Range of
Inputs
Weighted-
Average of
Inputs(1)
June 30, 2025
Collateral-dependent loans:
SBA—real estate1,126 
Income approach - income capitalization
Capitalization rate
5.5% to 11.0%
8.2%
SBA—real estate311 Sales comparison approachMarket data comparison
0.0% to 35.0%
4.5%
December 31, 2024
Collateral-dependent loans:
CRE$173 Income approach - income capitalizationCapitalization rate
5.5% to 7.3%
6.0%
SBA—real estate539 Income approach - income capitalizationCapitalization rate
5.5% to 7.3%
10.4%
SBA—real estate413 Sales comparison approachMarket data / purchase pricen/an/a
OREO$1,237 Sales comparison approachMarket data comparison
(3.7)% to 2.2%
(0.5)%
(1)Weighted-average of inputs is based on the relative fair value of the respective assets as of June 30, 2025 and December 31, 2024.
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value
Financial Instruments

The carrying amounts and estimated fair values of financial instruments that are not carried at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 are as follows. These financial assets and liabilities are measured at amortized cost basis on the Company’s Consolidated Balance Sheets:
June 30, 2025
($ in thousands)Carrying
Amount		Level 1Level 2Level 3Fair Value
Financial assets:
Cash and cash equivalents$205,388 $205,388 $— $— $205,388 
Loans held for sale20,016 — 21,541 — 21,541 
Net loans2,045,294 — — 2,122,054 2,122,054 
Accrued interest receivable, net9,991 527 854 8,610 9,991 
Other investments:
FHLB and PCBB stock13,345 N/AN/AN/AN/A
Time deposits placed105 — 105 — 105 
Financial liabilities:
Deposits2,254,728 — 2,255,465 — 2,255,465 
FHLB advances50,000 — 50,281 — 50,281 
Accrued interest payable15,720 — 15,720 — 15,720 
December 31, 2024
($ in thousands)Carrying
Amount		Level 1Level 2Level 3Fair Value
Financial assets:
Cash and cash equivalents$134,943 $134,943 $— $— $134,943 
Loans held for sale4,581 — 4,946 — 4,946 
Net loans1,932,056 — — 1,986,813 1,986,813 
Accrued interest receivable, net9,188 181 888 8,119 9,188 
Other investments:
FHLB and PCBB stock12,805 N/AN/AN/AN/A
Time deposits placed100 — 100 — 100 
Financial liabilities:
Deposits2,027,285 — 2,026,092 — 2,026,092 
FHLB advances95,000 — 94,986 — 94,986 
Accrued interest payable16,067 — 16,067 — 16,067