v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Financial Instruments
The estimated carrying and fair values of the Company’s financial instruments are as follows (in thousands):
 December 31, 2025
Carrying
Amount		Fair Value
Level 1Level 2Level 3Total
Financial assets:    
Cash and due from banks$27,627 $27,627 $— $— $27,627 
Interest-earning deposits in other banks91,357 91,357 — — 91,357 
Held-to-maturity investment securities287,117 — 267,649 — 267,649 
Loans, net2,510,786 — — 2,506,681 2,506,681 
Financial liabilities:    
Time deposits503,451 — 503,423 — 503,423 
Borrowings73,000 — 73,000 — 73,000 
Senior debt and subordinated debentures69,526 — — 66,181 66,181 
 December 31, 2024
Carrying
Amount		Fair Value
Level 1Level 2Level 3Total
Financial assets:  
Cash and due from banks$28,029 $28,029 $— $— $28,029 
Interest-earning deposits in other banks92,369 92,369 — — 92,369 
Held-to-maturity investment securities301,359 — 274,568 — 274,568 
Loans, net2,308,418 — — 2,252,462 2,252,462 
Financial liabilities:  
Time deposits443,284 — 440,046 — 440,046 
Short-term borrowings133,442 — 133,743 — 133,743 
Senior debt and subordinated debentures69,889 — — 62,535 62,535 
Fair Value of Assets on a Recurring Basis
The Company is required or permitted to record the following assets at fair value on a recurring basis. The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring and non-recurring basis as of December 31, 2025 and 2024 (in thousands):
Fair Value Measurements Using
Fair ValueLevel 1Level 2Level 3
December 31, 2025
Available-for-sale debt securities:    
U.S. Treasury securities$9,509  $9,509   $—  $— 
U.S. Government agencies
63 — 63 — 
Obligations of states and political subdivisions165,961 — 165,961 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
64,697 — 64,697 — 
Private label mortgage and asset backed securities228,669 — 228,669 — 
Corporate debt securities511 — 511 — 
Equity Securities6,797 6,797 —— 
Total assets measured at fair value on a recurring basis$476,207 $16,306 $459,901 $— 
 
Fair Value Measurements Using
Fair ValueLevel 1Level 2Level 3
December 31, 2024
Available-for-sale debt securities:
U.S. Treasury securities$9,058  $9,058 $— $— 
U.S. Government agencies65 — 65 — 
Obligations of states and political subdivisions164,640 — 164,640 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations
72,302 — 72,302 — 
Private label residential mortgage and asset backed securities
230,555 — 230,555 — 
Equity Securities6,586 6,586 — — 
Total assets measured at fair value on a recurring basis$483,206 $15,644 $467,562 $— 
Fair Value Measurements, Nonrecurring
The table below presents the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the date indicated (in thousands):
Fair Value Measurements Using
December 31, 2025Fair ValueLevel 1Level 2Level 3
Individually evaluated loans
Commercial real estate$11,937 — — $11,937 
Commercial and industrial1,000 — — 1,000 
Other installment loans54 — — 54 
Total collateral dependent loans$12,991 — — $12,991 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2025 (in thousands):

Fair Value Measurements Using
December 31, 2025Fair ValueValuation TechniqueUnobservable InputsRange, Weighted Average
Collateral dependent loans$12,991Fair value of underlying collateralCost to sellNot meaningful N/A