v3.26.1
Fair Value (Tables)
 3 Months Ended
Mar. 31, 2026
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 March 31, 2026, December 31, 2025 and March 31, 2025:
At March 31, 2026
Level 1Level 2Level 3Total
Securities available for sale
   U.S. Treasury & Agency securities$— $17,958,000 $— $17,958,000 
   Mortgage-backed securities— 206,314,000 — 206,314,000 
   State and political subdivisions— 30,600,000 — 30,600,000 
   Asset-backed securities— 1,916,000 — 1,916,000 
Total securities available for sale— 256,788,000 — 256,788,000 
   Interest rate cap agreements— 1,312,000 — 1,312,000 
   Customer loan interest swap agreements— 4,040,000 — 4,040,000 
Total interest rate agreements— 5,352,000 — 5,352,000 
Total assets$— $262,140,000 $— $262,140,000 

At March 31, 2026
Level 1Level 2Level 3Total
Interest rate swap agreements $— $502,000 $— $502,000 
Customer loan interest swap agreements — 4,040,000 — 4,040,000 
Total liabilities$— $4,542,000 $— $4,542,000 
At December 31, 2025
Level 1Level 2Level 3Total
Securities available for sale
   U.S. Treasury & Agency securities$— $18,072,000 $— $18,072,000 
   Mortgage-backed securities— 210,434,000 — 210,434,000 
   State and political subdivisions— 33,990,000 — 33,990,000 
   Asset-backed securities— 1,984,000 — 1,984,000 
Total securities available for sale— 264,480,000 — 264,480,000 
   Interest rate cap agreements— 154,000 — 154,000 
   Customer loan interest swap agreements— 4,308,000 — 4,308,000 
Total interest rate swap agreements— 4,462,000 — 4,462,000 
Total assets$— $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 March 31, 2025
Level 1Level 2Level 3Total
Securities available for sale
   U.S. Treasury & Agency securities$— $18,950,000 $— $18,950,000 
   Mortgage-backed securities— 226,877,000 — 226,877,000 
   State and political subdivisions— 32,762,000 — 32,762,000 
   Asset-backed securities— 2,175,000 — 2,175,000 
Total securities available for sale— 280,764,000 — 280,764,000 
   Interest rate swap agreements— 104,000 — 104,000 
   Customer loan interest swap agreements— 4,504,000 — 4,504,000 
Total interest swap agreements— 4,608,000 — 4,608,000 
Total assets$— $285,372,000 $— $285,372,000 

At March 31, 2025
Level 1Level 2Level 3Total
Interest rate swap agreements$— $1,120,000 $— $1,120,000 
Customer loan interest swap agreements— 4,504,000 — 4,504,000 
Total liabilities$— $5,624,000 $— $5,624,000 
Schedule of Assets Measured on Nonrecurring Basis Measured at Fair Value
The following tables include 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 for each of the periods presented. There was no OREO or related allowance at March 31, 2026, December 31, 2025 and March 31, 2025. 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 $2,737,000, $2,740,000 and $1,029,000 at March 31, 2026 December 31, 2025 and March 31, 2025, respectively:
At March 31, 2026
Level 1Level 2Level 3Total
Mortgage servicing rights$— $2,652,000 $— $2,652,000 
Individually analyzed loans— 9,429,000 — 9,429,000 
Total assets$— $12,081,000 $— $12,081,000 

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 March 31, 2025
Level 1Level 2Level 3Total
Mortgage servicing rights$— $2,973,000 $— $2,973,000 
Individually analyzed loans— 318,000 — 318,000 
Total assets$— 3,291,000 $— $3,291,000 
Schedule of Estimated Fair Value of Financial Instruments The carrying amount and estimated fair values for financial instruments as of March 31, 2026 were as follows:
Carrying valueEstimated fair valueLevel 1Level 2Level 3
Financial assets
Securities to be held to maturity (net of allowance for credit losses)$354,057,000 $308,676,000 $— $308,676,000 $— 
Loans (net of allowance for credit losses)
Commercial
   Real estate775,903,000 763,432,000 — — 763,432,000 
   Construction30,031,000 29,548,000 — — 29,548,000 
   Other585,137,000 584,308,000 — 9,429,000 574,879,000 
Municipal51,975,000 49,916,000 — — 49,916,000 
Residential
   Term733,501,000 693,504,000 — — 693,504,000 
   Construction38,796,000 38,521,000 — — 38,521,000 
Home equity line of credit146,178,000 146,466,000 — — 146,466,000 
Consumer18,419,000 16,205,000 — — 16,205,000 
Total loans2,379,940,000 2,321,900,000 — 9,429,000 2,312,471,000 
Mortgage servicing rights1,601,000 2,652,000 — 2,652,000 — 
Financial liabilities
Local certificates of deposit$379,485,000 $351,909,000 $— $351,909,000 $— 
National certificates of deposit656,253,000 683,268,000 — 683,268,000 — 
Total certificates of deposit1,035,738,000 1,035,177,000 — 1,035,177,000 — 
Repurchase agreements51,751,000 51,668,000 — 51,668,000 — 
Federal Home Loan Bank advances144,045,000 144,469,000 — 144,469,000 — 
Total borrowed funds195,796,000 196,137,000 — 196,137,000 — 
The carrying amounts and estimated fair values for financial instruments as of December 31, 2025 were as follows:
Carrying valueEstimated fair 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 deposit977,263,000 978,481,000 — 978,481,000 — 
Repurchase agreements50,321,000 50,241,000 — 50,241,000 — 
Federal Home Loan Bank advances137,500,000 137,942,000 — 137,942,000 — 
Total borrowed funds187,821,000 188,183,000 — 188,183,000 — 
The carrying amount and estimated fair values for financial instruments as of March 31, 2025 were as follows:
Carrying valueEstimated fair valueLevel 1Level 2Level 3
Financial assets
Securities to be held to maturity (net of allowance for credit losses)$368,571,000 $312,788,000 $— $312,788,000 $— 
Loans (net of allowance for credit losses)
Commercial
   Real estate773,936,000 750,258,000 — — 750,258,000 
   Construction75,783,000 73,464,000 — — 73,464,000 
   Other551,967,000 548,918,000 — 318,000 548,600,000 
Municipal54,868,000 50,617,000 — — 50,617,000 
Residential
   Term714,088,000 655,427,000 — — 655,427,000 
   Construction34,962,000 34,653,000 — — 34,653,000 
Home equity line of credit130,771,000 130,190,000 — — 130,190,000 
Consumer21,661,000 19,353,000 — — 19,353,000 
Total loans2,358,036,000 2,262,880,000 — 318,000 2,262,562,000 
Mortgage servicing rights1,835,000 2,973,000 — 2,973,000 — 
Financial liabilities
Local certificates of deposit$380,408,000 $359,404,000 $— $359,404,000 $— 
National certificates of deposit789,108,000 809,997,000 — 809,997,000 — 
Total certificates of deposit1,169,516,000 1,169,401,000 — 1,169,401,000 — 
Repurchase agreements55,539,000 55,435,000 — 55,435,000 — 
Federal Home Loan Bank advances129,905,000 130,213,000 — 130,213,000 — 
Total borrowed funds185,444,000 185,648,000 — 185,648,000 —