Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Measurements

Summary of fair value of assets measured at fair value on a recurring basis


					Fair Value Measurements at June 30, 2025 Using
					Quoted Prices in						Significant
					Active Markets for			Significant Other			Unobservable
		Balance as of			Identical Assets			Observable Inputs			Inputs
(Dollars in thousands)		June 30, 2025			(Level 1)			(Level 2)			(Level 3)
Assets:
Securities available-for-sale:
U.S. Treasuries		$	19,814		$	—		$	19,814		$	—
U.S. government and federal agencies			6,751			—			6,751			—
Corporate bonds			2,777			—			2,777			—
U.S. agency collateralized mortgage obligations			29,560			—			29,560			—
Tax-exempt municipal			1,175			—			1,175			—
Taxable municipal			268			—			268			—
U.S. agency mortgage-backed			65,153			—			65,153			—
Equity securities, at fair value			3,096			3,096			—			—
Interest rate swap agreements			287			—			287			—
Total assets at fair value		$	128,881		$	3,096		$	125,785		$	—

Liabilities:
Interest rate swap agreements		$	287		$	—		$	287		$	—
Total liabilities at fair value		$	287		$	—		$	287		$	—


					Fair Value Measurements at December 31, 2024 Using
					Quoted Prices in						Significant
					Active Markets for			Significant Other			Unobservable
		Balance as of			Identical Assets			Observable Inputs			Inputs
(Dollars in thousands)		December 31, 2024			(Level 1)			(Level 2)			(Level 3)
Assets:
Securities available-for-sale:
U.S. Treasuries		$	27,137		$	—		$	27,137		$	—
U.S. government and federal agencies			10,581			—			10,581			—
Corporate bonds			2,739			—			2,739			—
Collateralized mortgage obligations			29,611			—			29,611			—
Tax-exempt municipal			1,171			—			1,171			—
Taxable municipal			263			—			263			—
Mortgage-backed			58,755			—			58,755			—
Equity securities, at fair value			2,832			2,832			—			—
Interest rate swap agreements			549			—			549			—
Total assets at fair value		$	133,638		$	2,832		$	130,806		$	—

Liabilities:
Interest rate swap agreements		$	549		$	—		$	549		$	—
Total liabilities at fair value		$	549		$	—		$	549		$	—

Summary of carrying value and estimated fair value of financial instruments


					Fair Value Measurements at June 30, 2025 Using
					Quoted Prices in
					Active Markets						Significant
					for Identical			Significant Other			Unobservable
		Carrying Value as of			Assets			Observable Inputs			Inputs			Fair Value as of
(Dollars in thousands)		June 30, 2025			(Level 1)			(Level 2)			(Level 3)			June 30, 2025
Assets:
Cash and cash equivalents		$	116,926		$	116,926		$	—		$	—		$	116,926
Securities:
Available-for-sale			125,498			—			125,498			—			125,498
Held-to-maturity			90,264			—			77,448			—			77,448
Equity securities, at fair value			3,096			3,096			—			—			3,096
Restricted securities, at cost			7,637			—			7,637			—			7,637
Loans, net of allowance			1,897,617			—			—			1,805,372			1,805,372
Interest rate swap agreements			287			—			287			—			287
Accrued interest receivable			5,844			—			5,844			—			5,844
Liabilities:
Time deposits		$	734,069		$	—		$	734,885		$	—		$	734,885
Other deposits			1,162,824			1,162,824			—			—			1,162,824
Federal funds purchased			16,500			—			16,500			—			16,500
Federal Home Loan Bank advances			56,000			—			56,025			—			56,025
Subordinated debt			24,833			—			—			22,452			22,452
Interest rate swap agreements			287			—			287			—			287
Accrued interest payable			2,280			—			2,280			—			2,280


					Fair Value Measurements at December 31, 2024 Using
					Quoted Prices in
					Active Markets						Significant
					for Identical			Significant Other			Unobservable
		Carrying Value as of			Assets			Observable Inputs			Inputs			Fair Value as of
(Dollars in thousands)		December 31, 2024			(Level 1)			(Level 2)			(Level 3)			December 31, 2024
Assets:
Cash and cash equivalents		$	122,469		$	122,469		$	—		$	—		$	122,469
Securities:
Available-for-sale			130,257			—			130,257			—			130,257
Held-to-maturity			92,009			—			76,270			—			76,270
Equity securities, at fair value			2,832			2,832			—			—			2,832
Restricted securities, at cost			7,634			—			7,634			—			7,634
Loans, net of allowance			1,853,458			—			—			1,749,721			1,749,721
Interest rate swap agreements			549			—			549			—			549
Accrued interest receivable			5,996			—			5,996			—			5,996
Liabilities:
Time deposits		$	709,663		$	—		$	712,366		$	—		$	712,366
Other deposits			1,182,752			1,182,752			—			—			1,182,752
Federal Home Loan Bank advances			56,000			—			56,000			—			56,000
Subordinated debt			24,791			—			—			22,126			22,126
Interest rate swap agreements			549			—			549			—			549
Accrued interest payable			2,394			—			2,394			—			2,394