v3.26.1
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis
Assets measured at fair value on a recurring basis at June 30, 2026 and December 31, 2025, segregated by fair value hierarchy level, are summarized below:
Fair Value Measurements
Fair
Value
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
June 30, 2026:(Dollars in thousands)
Debt securities AFS:
U.S. Government-sponsored enterprises$24,863 $2,856 $22,007 $— 
Agency mortgage-backed221,460 — 221,460 — 
State and political subdivisions48,885 — 48,885 — 
Corporate10,560 — 10,560 — 
Total debt securities$305,768 $2,856 $302,912 $— 
Other investments:
Mutual funds$2,214 $2,214 $— $— 
December 31, 2025:
Debt securities AFS:
U.S. Government-sponsored enterprises$26,094 $2,843 $23,251 $— 
Agency mortgage-backed240,564 — 240,564 — 
State and political subdivisions48,220 — 48,220 — 
Corporate11,377 — 11,377 — 
Total debt securities$326,255 $2,843 $323,412 $— 
Other investments:
Mutual funds$2,038 $2,038 $— $— 
Schedule of Fair Values and Carrying Amounts, Significant Financial Instruments
As of the balance sheet dates, the estimated fair values and related carrying amounts of the Company's significant financial instruments were as follows:
June 30, 2026
Fair Value Measurements
Carrying
Amount
Estimated Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(Dollars in thousands)
Financial assets
Cash and cash equivalents$30,983 $30,983 $30,983 $— $— 
Interest bearing deposits in banks7,958 7,980 — 7,980 — 
Investment securities307,982 307,982 5,070 302,912 — 
Loans held for sale5,073 5,143 — 5,143 — 
Loans, net
Residential real estate485,411 463,545 — — 463,545 
Construction real estate98,514 97,881 — — 97,881 
Commercial real estate461,857 452,600 — — 452,600 
Commercial30,307 29,689 — — 29,689 
Consumer2,383 2,357 — — 2,357 
Municipal32,100 31,815 — — 31,815 
Accrued interest receivable5,657 5,657 — 1,463 4,194 
Nonmarketable equity securities13,720 N/AN/AN/AN/A
Financial liabilities
Deposits
Noninterest bearing$216,852 $216,852 $216,852 $— $— 
Interest bearing585,321 585,321 585,321 — — 
Time291,890 290,973 — 290,973 — 
Borrowed funds
Short-term21,000 20,999 — 20,999 — 
Long-term316,075 316,212 — 316,212 — 
Subordinated notes16,324 17,486 — 17,486 — 
Accrued interest payable2,637 2,637 — 2,637 — 
December 31, 2025
Fair Value Measurements
Carrying
Amount
Estimated Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(Dollars in thousands)
Financial assets
Cash and cash equivalents$12,300 $12,300 $12,300 $— $— 
Interest bearing deposits in banks8,955 8,955 — 8,955 — 
Investment securities328,293 328,293 4,881 323,412 — 
Loans held for sale4,172 4,232 — 4,232 — 
Loans, net
Residential real estate471,932 451,963 — — 451,963 
Construction real estate103,168 102,183 — — 102,183 
Commercial real estate441,958 430,962 — — 430,962 
Commercial30,922 30,119 — — 30,119 
Consumer2,413 2,379 — — 2,379 
Municipal118,000 115,749 — — 115,749 
Accrued interest receivable6,987 6,987 — 1,488 5,499 
Nonmarketable equity securities12,283 N/AN/AN/AN/A
Financial liabilities
Deposits
Noninterest bearing$226,939 $226,939 $226,939 $— $— 
Interest bearing725,996 725,996 725,996 — — 
Time262,047 261,693 — 261,693 — 
Borrowed funds
Short-term15,500 15,364 — 15,364 — 
Long-term270,981 273,014 — 273,014 — 
Subordinated notes16,307 16,799 — 16,799 — 
Accrued interest payable2,981 2,981 — 2,981 —