v3.25.4
FAIR VALUES OF FINANCIAL INSTRUMENTS
 12 Months Ended
Dec. 31, 2025
Fair Values Of Financial Instruments [Abstract]  
FAIR VALUES OF FINANCIAL INSTRUMENTS FAIR VALUES OF FINANCIAL INSTRUMENTS
Most of our assets and liabilities are considered financial instruments. Many of these financial instruments lack an available trading market and it is our general practice and intent to hold the majority of our financial instruments to maturity. Significant estimates and assumptions were used to determine the fair value of financial instruments. These estimates are subjective in nature, involving uncertainties and matters of judgment, and therefore, fair values may not be a precise estimate. Changes in assumptions could significantly affect the estimates.
Estimated fair values have been determined using available data and methodologies that are considered suitable for each category of financial instrument. For instruments with adjustable interest rates which reprice frequently and without significant credit risk, it is presumed that estimated fair values approximate the recorded book balances.
The estimated recorded book balances and fair values at December 31 follow:
Fair Value Using
Recorded
Book
Balance		Fair ValueQuoted
 Prices
in Active
Markets
for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Un-
observable
Inputs
(Level 3)
(In thousands)
2025
Assets
Cash and due from banks$52,235 $52,235 $52,235 $— $— 
Interest bearing deposits86,152 86,152 86,152 — — 
Securities available for sale495,909 495,909 — 495,909 — 
Securities held to maturity309,523 282,830 — 282,830 — 
Federal Home Loan Bank and Federal Reserve Bank Stock18,102 NANANANA
Net loans and loans held for sale4,221,871 4,062,200 — 9,031 4,053,169 
Accrued interest receivable19,030 19,030 35 5,043 13,952 
Derivative financial instruments29,584 29,584 — 29,584 — 
Liabilities
Deposits with no stated maturity (1)$3,967,941 $3,967,941 $3,967,941 $— $— 
Deposits with stated maturity (1)793,741 791,598 — 791,598 — 
Other borrowings77,003 76,680 — 76,680 — 
Subordinated debentures39,864 39,761 — 39,761 — 
Accrued interest payable1,892 1,892 316 1,576 — 
Derivative financial instruments19,551 19,551 — 19,551 — 
2024
Assets
Cash and due from banks$56,984 $56,984 $56,984 $— $— 
Interest bearing deposits62,898 62,898 62,898 — — 
Securities available for sale559,182 559,182 — 559,182 — 
Securities held to maturity339,436 301,860 — 301,860 — 
Federal Home Loan Bank and Federal Reserve Bank Stock16,099 NANANANA
Net loans and loans held for sale3,987,089 3,772,862 — 7,643 3,765,219 
Accrued interest receivable19,113 19,113 46 5,606 13,461 
Derivative financial instruments37,059 37,059 — 37,059 — 
Liabilities
Deposits with no stated maturity (1)$3,806,185 $3,806,185 $3,806,185 $— $— 
Deposits with stated maturity (1)847,903 845,534 — 845,534 — 
Other borrowings45,009 44,996 — 44,996 — 
Subordinated debt39,586 40,412 — 40,412 — 
Subordinated debentures39,796 40,235 — 40,235 — 
Accrued interest payable3,109 3,109 374 2,735 — 
Derivative financial instruments18,623 18,623 — 18,623 — 
NA – Not applicable
(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $862.697 million and $797.224 million at December 31, 2025 and 2024, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $112.224 million and $109.807 million at December 31, 2025 and 2024, respectively.
The fair values for commitments to extend credit and standby letters of credit are estimated to approximate their aggregate book balance, which is nominal, and therefore are not disclosed.
Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale the entire holdings of a particular financial instrument.
Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business, the value of future earnings attributable to off-balance sheet activities and the value of assets and liabilities that are not considered financial instruments.
Fair value estimates for deposit accounts do not include the value of the core deposit intangible asset resulting from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market.