Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value of Assets and Liabilities

Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis

March 31, 2026

Fair Value Measurements Classified as

Assets/Liabilities at

(Dollars in thousands)

Level 1

 

Level 2

 

Level 3

 

Fair Value

Assets:

Securities available for sale

U.S. Treasury securities

$

—

$

4,908

$

—

$

4,908

U.S. government agencies and corporations

—

53,650

—

53,650

Mortgage-backed securities

—

220,423

—

220,423

Obligations of states and political subdivisions

—

157,874

—

157,874

Corporate and other debt securities

—

33,764

—

33,764

Total securities available for sale

—

470,619

—

470,619

Loans held for sale

—

56,120

—

56,120

Other investments

—

4,414

—

4,414

Rabbi trust assets

17,109

—

—

17,109

Derivatives

IRLC

—

1,284

—

1,284

Interest rate swaps on loans

—

2,485

—

2,485

Cash flow hedges

—

602

—

602

Total assets

$

17,109

$

535,524

$

—

$

552,632

Liabilities:

Derivatives

Interest rate swaps on loans

$

—

$

2,485

$

—

$

2,485

Cash flow hedges

—

129

—

129

Total liabilities

$

—

$

2,614

$

—

$

2,614


		December 31, 2025
		Fair Value Measurements Classified as									Assets/Liabilities at
(Dollars in thousands)		Level 1			Level 2			Level 3			Fair Value
Assets:
Securities available for sale
U.S. Treasury securities		$	—		$	4,887		$	—		$	4,887
U.S. government agencies and corporations			—			55,710			—			55,710
Mortgage-backed securities			—			205,832			—			205,832
Obligations of states and political subdivisions			—			157,091			—			157,091
Corporate and other debt securities			—			34,591			—			34,591
Total securities available for sale			—			458,111			—			458,111
Loans held for sale			—			40,911			—			40,911
Other investments			—			4,428			—			4,428
Rabbi trust assets			17,510			—			—			17,510
Derivatives
IRLC			—			574			—			574
Interest rate swaps on loans			—			2,503			—			2,503
Cash flow hedges			—			598			—			598
Total assets		$	17,510		$	507,125		$	—		$	524,635

Liabilities:
Derivatives
Interest rate swaps on loans		$	—		$	2,503		$	—		$	2,503
Cash flow hedges			—			208			—			208
Total liabilities		$	—		$	2,711		$	—		$	2,711

Schedule of assets measured at fair value on a nonrecurring basis


		December 31, 2025
		Fair Value Measurements Classified as									Assets at Fair
(Dollars in thousands)		Level 1			Level 2			Level 3			Value
Other real estate owned, net		$	—		$	—		$	1,316		$	1,316
Total		$	—		$	—		$	1,316		$	1,316

Schedule of carrying amounts and estimated fair values of financial instruments

Carrying

 Fair Value Measurements at March 31, 2026 Classified as

Total Fair

(Dollars in thousands)

 Value

Level 1

Level 2

Level 3

 Value

Financial assets:

Cash and short-term investments

$

79,202

$

77,427

$

1,775

$

—

$

79,202

Securities available for sale

470,619

—

470,619

—

470,619

Loans, net

2,035,387

—

—

2,035,695

2,035,695

Loans held for sale

56,120

—

56,120

—

56,120

Other investments

4,414

—

4,414

—

4,414

Rabbi trust assets

17,109

17,109

—

—

17,109

Derivatives

IRLC

1,284

—

1,284

—

1,284

Interest rate swaps on loans

2,485

—

2,485

—

2,485

Cash flow hedges

602

—

602

—

602

Bank-owned life insurance

21,911

—

21,911

—

21,911

Accrued interest receivable

11,752

11,752

—

—

11,752

Financial liabilities:

Demand and savings deposits

1,476,152

1,476,152

—

—

1,476,152

Time deposits

923,304

—

922,137

—

922,137

Borrowings

95,501

—

91,933

—

91,933

Derivatives

Interest rate swaps on loans

2,485

—

2,485

—

2,485

Cash flow hedges

129

—

129

—

129

Accrued interest payable

4,642

4,642

—

—

4,642


		Carrying			Fair Value Measurements at December 31, 2025 Classified as									Total Fair
(Dollars in thousands)		Value			Level 1			Level 2			Level 3			Value
Financial assets:
Cash and short-term investments		$	79,916		$	79,132		$	784		$	—		$	79,916
Securities available for sale			458,111			—			458,111			—			458,111
Loans, net			2,014,899			—			—			2,008,199			2,008,199
Loans held for sale			40,911			—			40,911			—			40,911
Other investments			4,428			—			4,428			—			4,428
Rabbi trust assets			17,510			17,510			—			—			17,510
Derivatives
IRLC			574			—			574			—			574
Interest rate swaps on loans			2,503			—			2,503			—			2,503
Cash flow hedges			598			—			598			—			598
Bank-owned life insurance			21,808			—			21,808			—			21,808
Accrued interest receivable			11,726			11,726			—			—			11,726
Financial liabilities:
Demand and savings deposits			1,449,356			1,449,356			—			—			1,449,356
Time deposits			896,367			—			895,898			—			895,898
Borrowings			105,493			—			102,881			—			102,881
Derivatives
Interest rate swaps on loans			2,503			—			2,503			—			2,503
Forward sales of TBA securities			208			—			208			—			208
Accrued interest payable			3,745			3,745			—			—			3,745