v3.26.1
Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Investments, All Other Investments [Abstract]  
Schedule of Estimated Fair Values of Recognized Financial Instruments Carried at Amortized Cost

The estimated fair values of recognized financial instruments carried at amortized cost as of March 31, 2026 and December 31, 2025 are as follows:

(Dollars in thousands)

 

Carrying
Value

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Fair Value

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

$

179,155

 

 

$

 

 

$

156,463

 

 

$

 

 

$

156,463

 

Loans held for sale

 

 

546

 

 

 

555

 

 

 

 

 

 

 

 

 

555

 

Net loans

 

 

839,771

 

 

 

 

 

 

 

 

 

808,403

 

 

 

808,403

 

Mortgage servicing rights

 

 

624

 

 

 

 

 

 

 

 

 

624

 

 

 

624

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

1,101,821

 

 

$

831,935

 

 

$

 

 

$

271,652

 

 

$

1,103,587

 

Other borrowings

 

 

892

 

 

 

 

 

 

 

 

 

810

 

 

 

810

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities held-to-maturity

 

$

183,145

 

 

$

 

 

$

161,052

 

 

$

 

 

$

161,052

 

Loans held for sale

 

 

213

 

 

 

217

 

 

 

 

 

 

 

 

 

217

 

Net loans

 

 

817,308

 

 

 

 

 

 

 

 

 

784,544

 

 

 

784,544

 

Mortgage servicing rights

 

 

625

 

 

 

 

 

 

 

 

 

625

 

 

 

625

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

1,127,915

 

 

$

865,010

 

 

$

 

 

$

264,502

 

 

$

1,129,512

 

Other borrowings

 

 

917

 

 

 

 

 

 

 

 

 

835

 

 

 

835