v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of Fair Value of Plan's Assets

The fair value of the Plan’s assets at December 31, 2025 and 2024, by level within the fair value hierarchy, is presented as follows:

 

 

Quoted
Prices
in Active
Markets
for
Identical
Assets or Liabilities
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

67,688

 

 

$

—

 

 

$

—

 

 

$

67,688

 

Mutual funds

 

73,726,645

 

 

 

—

 

 

 

—

 

 

 

73,726,645

 

Financial Institutions, Inc. common stock

 

2,156,841

 

 

 

—

 

 

 

—

 

 

 

2,156,841

 

 

$

75,951,174

 

 

$

—

 

 

$

—

 

 

$

75,951,174

 

Common/collective trust funds (a)

 

 

 

 

 

 

 

 

 

 

3,939,328

 

Total investments

 

 

 

 

 

 

 

 

 

$

79,890,502

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

63,401

 

 

$

—

 

 

$

—

 

 

$

63,401

 

Mutual funds

 

64,259,296

 

 

 

—

 

 

 

—

 

 

 

64,259,296

 

Financial Institutions, Inc. common stock

 

2,013,631

 

 

 

—

 

 

 

—

 

 

 

2,013,631

 

 

$

66,336,328

 

 

$

—

 

 

$

—

 

 

$

66,336,328

 

Common/collective trust funds (a)

 

 

 

 

 

 

 

 

 

 

3,868,164

 

Total investments

 

 

 

 

 

 

 

 

 

$

70,204,492

 

(a) In accordance with ASC Subtopic 820-10, certain investments that were measured at net asset value (“NAV”) per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits.