v3.25.4
Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured on Recurring Basis Measured at Fair Value
The following tables present the balances of assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2025 and 2024.
At December 31, 2025
Level 1Level 2Level 3Total
Securities available for sale
U.S. Government-sponsored agencies$— $18,072,000 $— $18,072,000 
Mortgage-backed securities— 210,434,000 — 210,434,000 
State and political subdivisions— 33,990,000 — 33,990,000 
Asset-backed securities— 1,984,000 — 1,984,000 
Total securities available for sale— 264,480,000 — 264,480,000 
  Interest rate cap agreements— 154,000 — 154,000 
  Customer loan interest swap agreements— 4,308,000 — 4,308,000 
Total interest rate agreements— 4,462,000 — 4,462,000 
Total assets$— $268,942,000 $— $268,942,000 

At December 31, 2025
Level 1Level 2Level 3Total
Interest rate swap agreements$— $910,000 $— $910,000 
Customer loan interest swap agreements— 4,308,000 — 4,308,000 
Total liabilities$— $5,218,000 $— $5,218,000 

At December 31, 2024
Level 1Level 2Level 3Total
Securities available for sale
U.S. Government-sponsored agencies$— $19,796,000 $— $19,796,000 
Mortgage-backed securities— 219,382,000 — 219,382,000 
State and political subdivisions— 33,252,000 — 33,252,000 
Asset-backed securities— 2,250,000 — 2,250,000 
Total securities available for sale— 274,680,000 — 274,680,000 
  Interest rate swap agreements— 198,000 — 198,000 
  Customer loan interest swap agreements— 4,859,000 — 4,859,000 
Total interest rate swap agreements— 5,057,000 — 5,057,000 
Total assets$— $279,737,000 $— $279,737,000 

At December 31, 2024
Level 1Level 2Level 3Total
Interest rate swap agreements$— $758,000 $— $758,000 
Customer loan interest swap agreements— 4,859,000 — 4,859,000 
Total liabilities$— $5,617,000 $— $5,617,000 
Schedule of Assets Measured on Nonrecurring Basis Measured at Fair Value
The following tables present assets measured at fair value on a nonrecurring basis that have had a fair value adjustment since their initial recognition. Mortgage servicing rights are presented at fair value with no impairment reserve at at December 31, 2025 and 2024. There was no OREO or related allowance at December 31, 2025. OREO is presented net of an allowance of $35,000 at December 31, 2024. Only collateral-dependent IAL with a related specific ACL or a partial charge off are included in IAL for purposes of fair value disclosures. IAL below are presented net of specific allowances of $2,740,000 and $821,000 at December 31, 2025 and 2024, respectively.
At December 31, 2025
Level 1Level 2Level 3Total
Mortgage servicing rights$— $2,685,000 $— $2,685,000 
Individually analyzed loans— 6,781,000 — 6,781,000 
Total assets$— $9,466,000 $— $9,466,000 

At December 31, 2024
Level 1Level 2Level 3Total
Mortgage servicing rights$— $3,054,000 $— $3,054,000 
Other real estate owned— 173,000 — 173,000 
Individually analyzed loans— 538,000 — 538,000 
Total assets$— $3,765,000 $— $3,765,000 
Schedule of Estimated Fair Value of Financial Instruments
The carrying amounts and estimated fair values for financial instruments as of December 31, 2025 were as follows:
 CarryingEstimated
As of December 31, 2025valuefair valueLevel 1Level 2Level 3
Financial assets
Securities to be held to maturity (net of allowance for credit losses)$355,928,000 $315,482,000 $— $315,482,000 $— 
Loans (net of allowance for credit losses)
Commercial
Real estate776,276,000 760,452,000 — — 760,452,000 
Construction34,775,000 34,066,000 — — 34,066,000 
Other577,594,000 575,640,000 — 6,781,000 568,859,000 
Municipal51,881,000 48,805,000 — — 48,805,000 
Residential
Term733,239,000 688,100,000 — — 688,100,000 
Construction35,033,000 34,800,000 — — 34,800,000 
Home equity line of credit141,261,000 139,205,000 — — 139,205,000 
Consumer18,685,000 16,387,000 — — 16,387,000 
Total loans2,368,744,000 2,297,455,000 — 6,781,000 2,290,674,000 
Mortgage servicing rights1,655,000 2,685,000 — 2,685,000 — 
Financial liabilities
Local certificates of deposit$373,671,000 $347,571,000 $— $347,571,000 $— 
National certificates of deposit603,592,000 630,910,000 — 630,910,000 — 
Total certificates of deposit 977,263,000 978,481,000 — 978,481,000 — 
Repurchase agreements50,321,000 50,241,000 — 50,241,000 — 
Other borrowed funds137,500,000 137,942,000 — 137,942,000 — 
Total borrowed funds187,821,000 188,183,000 — 188,183,000 — 
The carrying amounts and estimated fair values for financial instruments as of December 31, 2024 were as follows:
 CarryingEstimated
As of December 31, 2024valuefair valueLevel 1Level 2Level 3
Financial assets
Securities to be held to maturity (net of allowance for credit losses)$369,704,000 $314,993,000 $— $314,993,000 $— 
Loans held for sale— — — — — 
Loans (net of allowance for credit losses)
Commercial
Real estate752,613,000 720,898,000 — — 720,898,000 
Construction98,773,000 94,611,000 — — 94,611,000 
Other519,560,000 513,417,000 — 538,000 512,879,000 
Municipal61,565,000 57,657,000 — — 57,657,000 
Residential
Term705,566,000 643,402,000 — — 643,402,000 
Construction35,007,000 34,631,000 — — 34,631,000 
Home equity line of credit122,377,000 119,930,000 — — 119,930,000 
Consumer20,608,000 18,274,000 — — 18,274,000 
Total loans2,316,069,000 2,202,820,000 — 538,000 2,202,282,000 
Mortgage servicing rights1,894,000 3,054,000 — 3,054,000 — 
Financial liabilities
Local certificates of deposit$385,897,000 $365,937,000 $— $365,937,000 $— 
National certificates of deposit728,914,000 747,681,000 — 747,681,000 — 
Total certificates of deposit1,114,811,000 1,113,618,000 — 1,113,618,000 — 
Repurchase agreements51,278,000 51,181,000 — 51,181,000 — 
Other borrowed funds95,000,000 95,066,000 — 95,066,000 — 
Total borrowed funds146,278,000 146,247,000 — 146,247,000 —