v3.26.1
Fair Value Accounting (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
                
             
           June 30, 2026 
(dollars in thousands)  Level 1   Level 2   Level 3   Total 
Assets                    
Securities available for sale                    
Corporate bonds   $-    1,583    -    1,583 
US government agencies   -    11,633    -    11,633 
State and political subdivisions   -    17,711    -    17,711 
Asset-backed securities   -    12,150    -    12,150 
Mortgage-backed securities   -    101,311    -    101,311 
Mortgage loans held for sale   -    8,594    -    8,594 
Mortgage loan interest rate lock commitments   -    135    -    135 
Total assets measured at fair value on a recurring basis  $-    153,117    -    153,117 
Liabilities                    
MBS forward sales commitments  $-    30    -    30 
Total liabilities measured at fair value on a recurring basis  $-    30    -    30 

 

                 
   December 31, 2025 
(dollars in thousands)  Level 1   Level 2   Level 3   Total 
Assets                    
Securities available for sale:                    
Corporate bonds  $-    1,600    -    1,600 
US government agencies   -    12,278    -    12,278 
State and political subdivisions   -    17,870    -    17,870 
Asset-backed securities   -    16,419    -    16,419 
Mortgage-backed securities   -    79,563    -    79,563 
Mortgage loans held for sale    -    11,569    -    11,569 
Mortgage loan interest rate lock commitments    -    335    -    335 
Total assets measured at fair value on a recurring basis  $-    139,634    -    139,634 
Liabilities                    
MBS forward sales commitments  $-    51    -    51 
Total liabilities measured at fair value on a recurring basis  $-    51    -    51 
Schedule of assets and liabilities measured at fair value on a nonrecurring basis
                    
                 
           As of June 30, 2026 
(dollars in thousands)  Level 1   Level 2   Level 3   Total 
Assets                    
Individually evaluated loans, net of reserves  $-    9,842    -    9,842 
Other real estate owned   -    1,375    -    1,375 
Total assets measured at fair value on a nonrecurring basis  $-    11,217    -    11,217 

 

           As of December 31, 2025 
(dollars in thousands)  Level 1   Level 2   Level 3   Total 
Assets                    
Individually evaluated loans, net of reserves  $-    12,557    1,038    13,595 
Other real estate owned   -    275    -    275 
Total assets measured at fair value on a nonrecurring basis  $-    12,832    1,038    13,870 
Schedule of unobservable inputs used in the fair value measurements
     
  Valuation Technique Significant Unobservable Inputs Range of Inputs
Individually evaluated loans Appraised Value/ Discounted Cash Flows Discounts to appraisals or cash flows for estimated holding and/or selling costs or age of appraisal. Estimated future cash flows, risk-adjusted discount rates, borrower performance and recovery assumptions, and expected cash-collection timing. 0-25%
Schedule of estimated fair values of the company’s financial instruments
                         
             
       June 30, 2026 
(dollars in thousands)  Carrying
Amount		   Fair
Value		   Level 1   Level 2   Level 3 
Financial Assets:                         
Other investments, at cost  $20,484    20,484    -    -    20,484 
Loans1   3,973,543    3,793,893    -    -    3,793,893 
Financial Liabilities:                         
Deposits   3,935,452    3,605,776    -    3,605,776    - 
FHLB and other borrowings   240,000    236,211    -    236,211    - 
Subordinated debentures   13,403    15,143    -    15,143    - 

 

           December 31, 2025 
(dollars in thousands)  Carrying
Amount		   Fair
Value		   Level 1   Level 2   Level 3 
Financial Assets:                         
Other investments, at cost  $20,063    20,063    -    -    20,063 
Loans1   3,787,729    3,592,123    -    -    3,592,123 
Financial Liabilities:                         
Deposits   3,716,803    3,461,284    -    3,461,284    - 
FHLB and other borrowings   240,000    240,798    -    240,798    - 
Subordinated debentures   24,903    26,658    -    26,658    - 
1Carrying amount is net of the allowance for credit losses and individually evaluated loans.