v3.26.1
Fair Value Disclosure (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statements of Financial Condition as of the dates indicated, by level within the fair value hierarchy:
Fair Value
Hierarchy
March 31, 2026December 31, 2025
(Dollars in Thousands)
ASSETS
Available-for-Sale Debt Securities
U.S. Government Agencies
Level 2
$1,967 $— 
Obligations of States and Political Subdivisions
Level 2
35,753 36,224 
Mortgage-Backed Securities - Government-Sponsored Enterprises
Level 2
47,734 41,089 
Collateralized Mortgage Obligations - Government Sponsored Enterprises
Level 2
80,480 67,575 
Collateralized Mortgage Obligations - Non-AgencyLevel 29,920 10,547 
Collateralized Loan ObligationsLevel 296,190 101,218 
Corporate DebtLevel 222,491 22,333 
Total Available-for-Sale Debt Securities294,535 278,986 
Equity Securities
Mutual Funds
Level 1
917 909 
Total Equity Securities917 909 
Total Securities295,452 279,895 
Derivative Financial Assets
Interest Rate Swaps - Commercial LoansLevel 2$37 $103 
Total Assets$295,489 $279,998 
LIABILITIES
Derivative Financial Liabilities
Interest Rate SwapsLevel 2$401 $704 
Interest Rate Swaps - Commercial LoansLevel 237 103 
Risk Participation AgreementsLevel 260 66 
Total Liabilities$498 $873 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following table presents the financial assets on the Consolidated Statements of Financial Condition measured at fair value on a nonrecurring basis as of the dates indicated by level within the fair value hierarchy for only those nonrecurring assets that had a fair value below the carrying amount. The table also presents the significant unobservable inputs used in the fair value measurements.
Financial AssetFair Value HierarchyMarch 31,
2026		Valuation
Techniques		Significant Unobservable InputsRangeWeighted Average
(Dollars in Thousands)
Collateral-Dependent Loans Individually AssessedLevel 3$1,523 
Appraisal of Collateral (1)
Appraisal Adjustments (2)
31%to86%59.9%
Financial AssetFair Value HierarchyDecember 31,
2025		Valuation
Techniques		Significant Unobservable InputsRangeWeighted Average
(Dollars in Thousands)
Collateral-Dependent Loans Individually AssessedLevel 3$805 
Appraisal of Collateral (1)
Appraisal Adjustments (2)
31%to85%
69.9%
(1)Fair value is generally determined through independent appraisals of the underlying collateral, which may include various Level 3 inputs, which are not identifiable.
(2)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of appraisal adjustments and liquidation expense are presented as a percent of the appraisal.
Schedule of Fair Value, by Balance Sheet Grouping
The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated.
March 31, 2026December 31, 2025
Fair Value
Hierarchy
Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
(Dollars in Thousands)
Financial Assets:
Cash and Due From Banks:
Interest-Earning
Level 1
$42,849 $42,849 $18,374 $18,374 
Noninterest-Earning
Level 1
12,700 12,700 13,319 13,319 
Securities
See Above
295,452 295,452 279,895 279,895 
Loans, Net
Level 3
1,147,534 1,113,261 1,152,144 1,119,213 
Restricted Stock
Level 2
3,587 3,587 2,985 2,985 
Mortgage Servicing RightsLevel 3403 696 415 700 
Derivative AssetsLevel 237 37 103 103 
Accrued Interest Receivable
Level 2
6,451 6,451 6,374 6,374 
Financial Liabilities:
Deposits
Level 2
1,375,437 1,374,804 1,339,805 1,339,286 
Other Borrowed Funds
FHLB BorrowingsLevel 220,000 20,035 20,000 20,109 
Subordinated DebtLevel 214,768 14,322 14,758 14,452 
Derivative LiabilitiesLevel 2498 498 873 873 
Accrued Interest Payable
Level 2
1,920 1,920 2,021 2,021