Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Fair Value at June 30, 2025 | Assets | Basis | | Level 1 | | Level 2 | | Level 3 | | Total | Available for sale: | | | | | | | | | | | | | | | U.S. Treasury | | | | | 32,862 | | | — | | | — | | | 32,862 | Municipal | | | | | — | | | 134,102 | | | — | | | 134,102 | Corporate | | | | | — | | | 23,503 | | | — | | | 23,503 | Agency MBS & CMO | | | | | — | | | 134,976 | | | — | | | 134,976 | Non-Agency MBS & CMO | | | | | — | | | 126,895 | | | — | | | 126,895 | Asset-backed | | | | | — | | | 28,921 | | | — | | | 28,921 | Total available for sale | | Recurring | | $ | 32,862 | | $ | 448,397 | | $ | — | | $ | 481,259 | | | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | | | Derivatives | | Recurring | | | — | | | 223 | | | — | | | 223 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Fair Value at December 31, 2024 | Assets | Basis | | Level 1 | | Level 2 | | Level 3 | | Total | Equity securities, at fair value | | Recurring | | $ | 166 | | $ | — | | $ | — | | $ | 166 | Available for sale: | | | | | | | | | | | | | | | U.S. Treasury | | | | | 31,797 | | | — | | | — | | | 31,797 | Municipal | | | | | — | | | 133,592 | | | — | | | 133,592 | Corporate | | | | | — | | | 24,224 | | | — | | | 24,224 | Agency MBS & CMO | | | | | — | | | 138,742 | | | — | | | 138,742 | Non-Agency MBS & CMO | | | | | — | | | 149,170 | | | — | | | 149,170 | Asset-backed | | | | | | | | 31,079 | | | | | | 31,079 | Total available for sale | | Recurring | | $ | 31,963 | | $ | 476,807 | | $ | — | | $ | 508,770 | Collateral dependent loans (1) | | Nonrecurring | | | — | | | — | | | 380 | | | 380 | Derivatives | | Recurring | | | — | | | 2,275 | | | — | | | 2,275 |
(1)Collateral dependent loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based on customized discounting criteria.
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Fair Value, By Balance Sheet Grouping |
| | | | | | | | | | | | | | | | June 30, 2025 | | Carrying | | Fair | | | | | | | | (Dollars in thousands) | Amount | | Value | | Level 1 | | Level 2 | | Level 3 | Financial assets, carried at cost: | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 207,790 | | $ | 207,790 | | $ | 207,790 | | $ | — | | $ | — | Long-term interest-earning deposits in other banks | | 999 | | | 999 | | | 999 | | | — | | | — | Loans held for sale | | 1,486 | | | 1,499 | | | — | | | 1,499 | | | — | Net loans | | 1,500,035 | | | 1,483,175 | | | — | | | — | | | 1,483,175 | Accrued interest receivable | | 7,682 | | | 7,682 | | | — | | | — | | | 7,682 | | | | | | | | | | | | | | | | Financial liabilities: | | | | | | | | | | | | | | | Deposits | $ | 1,893,471 | | $ | 1,894,843 | | $ | — | | $ | 1,894,843 | | $ | — | FHLB advances | | 200,000 | | | 201,712 | | | — | | | 201,712 | | | — | Subordinate notes | | 19,719 | | | 18,032 | | | — | | | 18,032 | | | — | Accrued interest payable | | 4,439 | | | 4,439 | | | — | | | 4,439 | | | — | | | | | | | | | | | | | | | | | December 31, 2024 | | Carrying | | Fair | | | | | | | | | | (Dollars in thousands) | Amount | | Value | | Level 1 | | Level 2 | | Level 3 | Financial assets, carried at cost: | | | | | | | | | | | | | | | Cash and cash equivalents | $ | 203,613 | | $ | 203,613 | | $ | 203,613 | | $ | — | | $ | — | Long-term interest-earning deposits in other banks | | 1,499 | | | 1,499 | | | 1,499 | | | | | | | Loans held for sale | | 2,470 | | | 2,470 | | | — | | | 2,470 | | | — | Net loans | | 1,380,424 | | | 1,351,450 | | | — | | | — | | | 1,351,450 | Accrued interest receivable | | 7,348 | | | 7,348 | | | — | | | — | | | 7,348 | | | | | | | | | | | | | | | | Financial liabilities: | | | | | | | | | | | | | | | Deposits | $ | 1,815,647 | | $ | 1,814,479 | | $ | — | | $ | 1,814,479 | | $ | — | FHLB Advances | | 200,000 | | | 200,883 | | | | | | 200,883 | | | | Subordinate notes | | 19,699 | | | 18,032 | | | — | | | 18,032 | | | — | Accrued interest payable | | 4,689 | | | 4,689 | | | — | | | 4,689 | | | — |
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