v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value measurements by level within the fair value hierarchy and the basis of measurement used
The following tables present assets and liabilities carried at fair value and the basis of measurement used at the periods presented:
June 30, 2026
(In thousands)BasisLevel 1Level 2Level 3Total
Assets
Equity securities with readily determinable fair valuesRecurring$938 $— $— $938 
AFS Investment Securities:
U.S. Government and agencies— 53,099 — 53,099 
Collateralized mortgage obligations— 92,019 — 92,019 
Residential mortgage-backed securities— 165,859 — 165,859 
Commercial mortgage-backed securities— 116,748 — 116,748 
State and municipal— 10,522 — 10,522 
Corporate bonds— 27,969 — 27,969 
Total AFS Investment SecuritiesRecurring$— $466,216 $— $466,216 
Loans held for saleRecurring— 33,528 — 33,528 
Derivative financial instruments - assetsRecurring— 5,977 — 5,977 
Individually evaluated loansNon-recurring— — 243 243 
Foreclosed assets held for resaleNon-recurring— — 569 569 
Liabilities
Derivative financial instruments - liabilitiesRecurring$— $4,079 $— $4,079 
December 31, 2025
(In thousands)BasisLevel 1Level 2Level 3Total
Assets
Equity securities with readily determinable fair valuesRecurring$949 $— $— $949 
AFS Investment Securities:
U.S. Government and agencies— 59,352 — 59,352 
Collateralized mortgage obligations— 74,030 — 74,030 
Residential mortgage-backed securities— 173,688 — 173,688 
Commercial mortgage-backed securities— 122,209 — 122,209 
State and municipal— 8,450 — 8,450 
Corporate bonds— 29,165 — 29,165 
Total AFS Investment SecuritiesRecurring$— $466,894 $— $466,894 
Loans held for saleRecurring— 28,170 — 28,170 
Derivative financial instruments - assetsRecurring— 5,159 — 5,159 
Individually evaluated loansNon-recurring— — 550 550 
Foreclosed assets held for resaleNon-recurring— — 19 19 
Liabilities
Derivative financial instruments - liabilitiesRecurring$— $3,816 $— $3,816 
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized Level 3 inputs to determine fair value:
(Dollars in thousands)Fair Value Estimate
Valuation Technique 1
Unobservable Input 2
RangeWeighted Average
June 30, 2026
Individually evaluated loans$243 Appraisal of collateral Appraisal adjustments
26% – 100%
84%
Foreclosed assets held for resale569 Appraisal of collateralAppraisal adjustments
27%
27%
December 31, 2025
Individually evaluated loans$550 Appraisal of collateralAppraisal adjustments
16% – 100%
43%
Foreclosed assets held for resale19 Appraisal of collateralAppraisal adjustments
3%
3%
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1Fair value is generally determined through management’s estimate or independent third-party appraisals of the underlying collateral, which generally
includes various Level 3 inputs which are not observable.
2Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received and/or age of the appraisal.
Schedule of carrying amount, exit pricing concept fair value and placement in the fair value hierarchy
The following tables present the carrying amount and the estimated fair value of the Corporation’s financial instruments:
June 30, 2026
Carrying AmountEstimated Fair Value
(In thousands)TotalLevel 1Level 2Level 3
Financial assets:
Cash and due from banks$27,995 $27,995 $27,995 $— $— 
Interest-bearing deposits with banks53,840 53,840 53,840 — — 
Equity securities with readily determinable fair values938 938 938 — — 
Investment securities AFS466,216 466,216 — 466,216 — 
Investment securities HTM62,620 56,576 — 56,576 — 
Loans held for sale33,528 33,528 — 33,528 — 
Loans, net2,374,098 2,375,817 — — 2,375,817 
Accrued interest receivable10,920 10,920 — 10,920 — 
Derivative assets5,977 5,977 — 5,977 — 
Financial liabilities:
Demand deposits, savings and money markets$2,054,781 $2,054,781 $— $2,054,781 $— 
Time deposits480,895 474,689 — 474,689 — 
Securities sold under repurchase agreements13,888 13,888 — 13,888 — 
Federal funds purchased4,371 4,371 — 4,371 — 
FHLB Advances285,000 285,700 — 285,700 — 
Trust preferred and subordinated debt19,884 20,301 — 20,301 — 
Accrued interest payable1,996 1,996 — 1,996 — 
Derivative liabilities4,079 4,079 — 4,079 — 
December 31, 2025
Carrying AmountEstimated Fair Value
(In thousands)TotalLevel 1Level 2Level 3
Financial assets:
Cash and due from banks$20,611 $20,611 $20,611 $— $— 
Interest-bearing deposits with banks45,037 45,037 45,037 — — 
Equity securities with readily determinable fair values949 949 949 — — 
Investment securities AFS466,894 466,894 — 466,894 — 
Investment securities HTM63,288 57,537 — 57,537 — 
Loans held for sale28,170 28,170 — 28,170 — 
Loans, net2,306,842 2,294,388 — — 2,294,388 
Accrued interest receivable10,950 10,950 — 10,950 — 
Derivative assets5,159 5,159 — 5,159 — 
Financial liabilities:
Demand deposits, savings and money markets$1,997,256 $1,997,256 $— $1,997,256 $— 
Time deposits452,929 448,051 — 448,051 — 
Securities sold under repurchase agreements16,129 16,129 — 16,129 — 
Federal funds purchased3,611 3,611 — 3,611 — 
FHLB Advances280,000 282,910 — 282,910 — 
Trust preferred and subordinated debt20,376 19,626 — 19,626 — 
Accrued interest payable2,186 2,186 — 2,186 — 
Derivative liabilities3,816 3,816 — 3,816 —