Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Measurements

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


					Fair Value Measurements at March 31, 2026 Using
					Quoted Prices in						Significant
					Active Markets for			Significant Other			Unobservable
		Balance as of			Identical Assets			Observable Inputs			Inputs
(Dollars in thousands)		March 31, 2026			(Level 1)			(Level 2)			(Level 3)
Assets:
Securities available-for-sale:
U.S. Treasuries		$	8,957		$	—		$	8,957		$	—
U.S. government and federal agencies			4,814			—			4,814			—
Corporate bonds			2,823			—			2,823			—
U.S. agency collateralized mortgage obligations			24,772			—			24,772			—
Tax-exempt municipal			1,203			—			1,203			—
U.S. agency mortgage-backed			83,597			—			83,597			—
Equity securities, at fair value			2,886			2,886			—			—
Interest rate swap agreements			152			—			152			—
Total assets at fair value		$	129,204		$	2,886		$	126,318		$	—

Liabilities:
Interest rate swap agreements		$	152		$	—		$	152		$	—
Total liabilities at fair value		$	152		$	—		$	152		$	—


					Fair Value Measurements at December 31, 2025 Using
					Quoted Prices in						Significant
					Active Markets for			Significant Other			Unobservable
		Balance as of			Identical Assets			Observable Inputs			Inputs
(Dollars in thousands)		December 31, 2025			(Level 1)			(Level 2)			(Level 3)
Assets:
Securities available-for-sale:
U.S. Treasuries		$	13,132		$	—		$	13,132		$	—
U.S. government and federal agencies			6,820			—			6,820			—
Corporate bonds			2,820			—			2,820			—
Collateralized mortgage obligations			25,693			—			25,693			—
Tax-exempt municipal			1,236			—			1,236			—
Mortgage-backed			74,151			—			74,151			—
Equity securities, at fair value			2,843			2,843			—			—
Interest rate swap agreements			175			—			175			—
Total assets at fair value		$	126,870		$	2,843		$	124,027		$	—

Liabilities:
Interest rate swap agreements		$	175		$	—		$	175		$	—
Total liabilities at fair value		$	175		$	—		$	175		$	—

Summary of carrying value and estimated fair value of financial instruments


					Fair Value Measurements at March 31, 2026 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)		March 31, 2026			(Level 1)			(Level 2)			(Level 3)			March 31, 2026
Assets:
Cash and cash equivalents		$	150,193		$	150,193		$	—		$	—		$	150,193
Securities:
Available-for-sale			126,166			—			126,166			—			126,166
Held-to-maturity			87,598			—			76,669			—			76,669
Equity securities, at fair value			2,886			2,886			—			—			2,886
Restricted securities, at cost			7,717			—			7,717			—			7,717
Loans, net of allowance			1,953,760			—			—			1,898,126			1,898,126
Interest rate swap agreements			152			—			152			—			152
Accrued interest receivable			6,071			—			6,071			—			6,071
Liabilities:
Time deposits		$	761,842		$	—		$	762,755		$	—		$	762,755
Other deposits			1,225,886			1,225,886			—			—			1,225,886
Federal Home Loan Bank advances			56,000			—			56,138			—			56,138
Subordinated debt			24,896			—			—			22,972			22,972
Interest rate swap agreements			152			—			152			—			152
Accrued interest payable			1,988			—			1,988			—			1,988


					Fair Value Measurements at December 31, 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)		December 31, 2025			(Level 1)			(Level 2)			(Level 3)			December 31, 2025
Assets:
Cash and cash equivalents		$	129,974		$	129,974		$	—		$	—		$	129,974
Securities:
Available-for-sale			123,852			—			123,852			—			123,852
Held-to-maturity			88,421			—			77,575			—			77,575
Equity securities, at fair value			2,843			2,843			—			—			2,843
Restricted securities, at cost			7,644			—			7,644			—			7,644
Loans, net of allowance			1,955,555			—			—			1,889,187			1,889,187
Interest rate swap agreements			175			—			175			—			175
Accrued interest receivable			5,890			—			5,890			—			5,890
Liabilities:
Time deposits		$	759,546		$	—		$	762,056		$	—		$	762,056
Other deposits			1,212,739			1,212,739			—			—			1,212,739
Federal Home Loan Bank advances			56,000			—			55,922			—			55,922
Subordinated debt			24,875			—			—			23,142			23,142
Interest rate swap agreements			175			—			175			—			175
Accrued interest payable			2,124			—			2,124			—			2,124