v3.26.1
Fair Value (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Quoted Prices in
Significant
Active Markets
Other
Significant
for
Observable
Unobservable
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
March 31, 2026:
Securities available-for-sale:
Agency obligations
$
52,641
52,641
Agency MBS
156,742
156,742
State and political subdivisions
17,402
17,402
Total securities available
-for-sale
226,785
226,785
Other assets - interest rate swaps
21
21
Total
assets at fair value
$
226,806
226,806
December 31, 2025:
Securities available-for-sale:
Agency obligations
$
53,784
53,784
Agency MBS
161,927
161,927
State and political subdivisions
17,548
17,548
Total securities available
-for-sale
233,259
233,259
Total
assets at fair value
$
233,259
233,259
Other liabilities - interest rate swap
22
22
Total
liabilities at fair value
$
22
22
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]
Quoted Prices in
Active Markets
Other
Significant
for
Observable
Unobservable
Carrying
Identical Assets
Inputs
Inputs
(Dollars in thousands)
Amount
(Level 1)
(Level 2)
(Level 3)
March 31, 2026:
Other assets
(2)
$
753
753
Total assets at fair value
$
753
753
December 31, 2025:
Loans, net
(1)
$
378
378
Other assets
(2)
771
771
Total assets at fair value
$
1,149
1,149
(1)
Loans considered collateral dependent under ASC 326
Financial Instruments - Credit Losses
.
(2)
Represents MSRs, net, carried at lower of cost or estimated
fair value.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
Range of
Weighted
Carrying
Significant
Unobservable
Average
(Dollars in thousands)
Amount
Valuation Technique
Unobservable Input
Inputs
of Input
March 31, 2026:
Mortgage servicing rights, net
$
753
Discounted cash flow
Prepayment speed or CPR
7.0
-
7.4
%
7.0
%
Discount rate
9.5
-
11.5
9.5
December 31, 2025:
Collateral dependent loans
$
378
Appraisal
Appraisal discounts
10.0
-
10.0
%
10.0
%
Mortgage servicing rights, net
771
Discounted cash flow
Prepayment speed or CPR
6.8
-
8.4
8.2
Discount rate
9.5
-
11.5
9.5
Financial Instruments [Table Text Block]
Fair Value Hierarchy
Carrying
Estimated
Level 1
Level 2
Level 3
(Dollars in thousands)
amount
fair value
inputs
inputs
Inputs
March 31, 2026:
Financial Assets:
Loans, net (1)
$
575,264
$
561,030
$
561,030
Financial Liabilities:
Time Deposits
$
180,957
$
180,076
180,076
$
December 31, 2025:
Financial Assets:
Loans, net (1)
$
558,178
$
542,382
$
542,382
Loans held for sale
172
179
179
Financial Liabilities:
Time Deposits
$
176,801
$
176,137
176,137
$
(
1) Represents loans, net of allowance for credit losses.
The fair value of loans was measured using an
exit price notion.