v3.26.1
Disclosures About Fair Value of Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2026
Disclosures about Fair Value of Assets and Liabilities [Abstract]  
Assets Measured at Fair Value on Nonrecurring Basis
The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2026 and December 31, 2025 (dollars in thousands):

   
Fair Value
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
March 31, 2026
                       
Collateral-dependent loans
 
$
956
   
$
-
   
$
-
   
$
956
 
                                 
December 31, 2025
                               
Collateral-dependent loans
 
$
369
   
$
-
   
$
-
   
$
369
 
Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements
The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements at March 31, 2026 and December 31, 2025 (dollars in thousands):

       
 Valuation
 
 Unobservable
   
Fair Value
 
Technique
 
Inputs
March 31, 2026
     
 
 
     
Collateral-dependent loans
  $ 956  
Estimated cash to be received pending liquidation of collateral
 
Estimated cost to sell
         
 
 
        
December 31, 2025
       
 
 
      
Collateral-dependent loans
  $ 369  
Estimated cash to be received pending liquidation of collateral
 
Estimated cost to sell
Estimated Fair Value of Financial Instruments Not Recorded at Fair Value
The following table presents estimated fair values of the Company’s financial instruments not recorded at fair value at March 31, 2026 and December 31, 2025 (dollars in thousands):

   
Carrying
   
Fair Value Measurements
 
   
Amount
   
Level 1
   
Level 2
   
Level 3
   
Total
 
March 31, 2026
                             
                               
Financial Assets
                             
Cash and due from banks
 
$
246,701
   
$
246,701
   
$
-
   
$
-
   
$
246,701
 
Interest-bearing time deposits in other banks
   
3,735
     
-
     
3,735
     
-
     
3,735
 
Loans, net
   
1,574,376
     
-
     
1,592,653
     
956
     
1,593,609
 
Loans held for sale
   
3,865
     
-
     
3,865
     
-
     
3,865
 
Nonmarketable equity securities
   
1,158
     
-
     
1,158
     
-
     
1,158
 
Interest receivable
   
8,576
     
-
     
8,576
     
-
     
8,576
 
                                         
Financial Liabilities
                                       
Deposits
 
$
1,671,381
   
$
-
   
$
1,670,512
   
$
-
   
$
1,670,512
 
Interest payable
   
1,157
     
-
     
1,157
     
-
     
1,157
 
                                         
December 31, 2025
                                       
                                         
Financial Assets
                                       
Cash and due from banks
 
$
244,635
   
$
244,635
   
$
-
   
$
-
   
$
244,635
 
Interest-bearing time deposits in other banks
   
10,457
     
-
     
10,457
     
-
     
10,457
 
Loans, net
   
1,587,024
     
-
     
1,605,518
     
369
     
1,605,887
 
Loans held for sale
   
2,078
     
-
     
2,078
     
-
     
2,078
 
Nonmarketable equity securities
   
1,165
     
-
     
1,165
     
-
     
1,165
 
Interest receivable
   
8,822
     
-
     
8,822
     
-
     
8,822
 
                                         
Financial Liabilities
                                       
Deposits
 
$
1,700,833
   
$
-
   
$
1,700,646
   
$
-
   
$
1,700,646
 
Interest payable
   
1,122
     
-
     
1,122
     
-
     
1,122