v3.26.1
Fair Value Measurements and Fair Values of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements and Fair Values of Financial Instruments [Abstract]  
Schedule of Fair Value of Assets and Liabilities on a Recurring Basis

The following table presents the assets reported on the Consolidated Balance Sheets at their fair value on a recurring basis as of June 30, 2026 and December 31, 2025, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

    June 30, 2026  
(In Thousands)   Level I     Level II     Level  III     Total  
Obligations of U.S. Government agencies or corporations   $ —     $ 60,958     $ —     $ 60,958  
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or corporations:                                
Residential mortgage-backed securities     —       178,040       —       178,040  
Residential collateralized mortgage obligations     —       5,676       —       5,676  
Obligations of states and political subdivisions     —       83,267       —       83,267  
Other debt securities     —       284       —       284  
Total available-for-sale debt securities   $ —     $ 328,225     $ —     $ 328,225  
                                 
Marketable equity securities   $ 1,616     $ —     $ —     $ 1,616  
                                 
Real estate loans held for sale   $ —     $ 1,354     $ —     $ 1,354  

 

    December 31, 2025  
(In Thousands)   Level I     Level II     Level  III     Total  
Obligations of U.S. Government agencies or corporations   $ —     $ 53,603     $ —     $ 53,603  
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or corporations:                                
Residential mortgage-backed securities     —       182,347       —       182,347  
Residential collateralized mortgage obligations     —       6,217       —       6,217  
Obligations of states and political subdivisions     —       84,890       —       84,890  
Other debt securities     —       188       —       188  
Total available-for-sale debt securities   $ —     $ 327,245     $ —     $ 327,245  
                                 
Marketable equity securities   $ 1,411     $ —     $ —     $ 1,411  
                                 
Real estate loans held for sale   $ —     $ 847     $ —     $ 847  
Schedule of Fair Value of Assets and Liabilities on a Nonrecurring Basis

The following table presents the assets measured on a nonrecurring basis on the Consolidated Balance Sheets at their fair value as of June 30, 2026 and December 31, 2025, by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

    June 30, 2026  
(In Thousands)   Level I     Level II     Level  III     Total  
Assets Measured on a Non-recurring Basis:                                
Loans individually evaluated for credit loss   $ —     $ —     $ 8,942     $ 8,942  

 

    December 31, 2025  
(In Thousands)   Level I     Level II     Level  III     Total  
Assets Measured on a Non-recurring Basis:                                
Loans individually evaluated for credit loss   $ —     $ —     $ 7,654     $ 7,654  
Foreclosed assets held for sale     —       —       320       320  
Total nonrecurring fair value measurements   $ —     $ —     $ 7,974     $ 7,974  
Schedule of Fair Value Measurement Process on Nonrecurring Basis The following table provides a listing of significant unobservable inputs used in the fair value measurement process for items valued utilizing level III techniques on a nonrecurring basis as of June 30, 2026 and December 31, 2025:
    June 30, 2026  
    Quantitative Information about Level III Fair Value Measurements  
(In Thousands)   Fair Value
Estimate		     Valuation Technique   Unobservable Input   Range   Weighted
Average		  
Loans individually evaluated for credit loss:                            
Commercial Real Estate   $ 6,718     Discounted cash flows   Charge-off rates   0-100%     18.40%  
Commercial Real Estate     1,116     Sales comparison   Discount to appraised value   18-33%     27.65%  
Residential Real Estate     1,108     Sales comparison   Discount to appraised value   10-43%     24.03%  
Total loans individually evaluated for credit loss   $ 8,942                      

 

    December 31, 2025  
    Quantitative Information about Level III Fair Value Measurements  
(In Thousands)   Fair Value
Estimate		     Valuation Technique   Unobservable Input   Range   Weighted
Average		  
Loans individually evaluated for credit loss:                            
Commercial Real Estate   $ 6,377     Discounted cash flows   Charge-off rates   0-100%     18.32%  
Commercial Real Estate     537     Sales comparison   Discount to appraised value   28-33%     30.71%  
Residential Real Estate     740     Sales comparison   Discount to appraised value   10-57%     30.03%  
Total loans individually evaluated for credit loss   $ 7,654                      
                             
Foreclosed assets held for sale:                            
Residential Real Estate   $ 320     Sales comparison   Discount to appraised value   33-66%     52.94%  
Schedule of Fair Values of Financial Instruments

At June 30, 2026 and December 31, 2025, the carrying values and fair values of financial instruments that are not recorded at fair value on the Consolidated Balance Sheets are presented in the table below:

 

    June 30, 2026  
    Carrying                          
(In Thousands)   Amount     Fair Value     Level I     Level II     Level III  
Financial assets:                                        
Cash and cash equivalents   $ 20,144     $ 20,144     $ 20,144     $ —     $ —  
Restricted investment in bank stocks, at cost     4,690       4,690       —       4,690       —  
Loans, net     1,195,923       1,164,853       —       —       1,164,853  
Accrued interest receivable     5,567       5,567       —       5,567          
Mortgage servicing rights     1,372       2,031       —       —       2,031  
                                         
Financial liabilities:                                        
Interest-bearing deposits   $ 1,156,203     $ 1,154,604     $ —     $ 765,756     $ 388,848  
Noninterest-bearing deposits     277,392       277,392       —       277,392       —  
Short-term borrowings     24,296       24,296       —       24,296       —  
Accrued interest payable     1,539       1,539       —       1,539       —  

 

    December 31, 2025  
    Carrying                          
(In Thousands)   Amount     Fair Value     Level I     Level II     Level III  
Financial assets:                                        
Cash and cash equivalents   $ 48,540     $ 48,540     $ 48,540     $ —     $ —  
Restricted investment in bank stocks, at cost     5,412       5,412       —       5,412       —  
Loans, net     1,167,622       1,110,730       —       —       1,110,730  
Accrued interest receivable     5,063       5,063       —       5,063          
Mortgage servicing rights     1,490       2,074       —       —       2,074  
                                         
Financial liabilities:                                        
Interest-bearing deposits   $ 1,135,740     $ 1,134,312     $ —     $ 758,406     $ 375,906  
Noninterest-bearing deposits     277,012       277,012       —       277,012       —  
Short-term borrowings     12,455       12,455       —       12,455       —  
Long-term borrowings     40,584       40,536       —       —       40,536  
Accrued interest payable     1,644       1,644       —       1,644       —