Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value of Assets and Liabilities

Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis


		June 30, 2026
		Fair Value Measurements Classified as									Assets/Liabilities at
(Dollars in thousands)		Level 1			Level 2			Level 3			Fair Value
Assets:
Securities available for sale
U.S. Treasury securities		$	—		$	4,934		$	—		$	4,934
U.S. government agencies and corporations			—			23,858			—			23,858
Mortgage-backed securities			—			243,730			—			243,730
Obligations of states and political subdivisions			—			153,218			—			153,218
Corporate and other debt securities			—			32,512			—			32,512
Total securities available for sale			—			458,252			—			458,252
Loans held for sale			—			44,066			—			44,066
Other investments			—			59			—			59
Rabbi trust assets			18,783			—			—			18,783
Derivatives
IRLC			—			1,050			—			1,050
Interest rate swaps on loans			—			2,404			—			2,404
Cash flow hedges			—			627			—			627
Total assets		$	18,783		$	506,458		$	—		$	525,242

Liabilities:
Derivatives
Interest rate swaps on loans		$	—		$	2,404		$	—		$	2,404
Cash flow hedges			—			25			—			25
Total liabilities		$	—		$	2,429		$	—		$	2,429


		December 31, 2025
		Fair Value Measurements Classified as									Assets/Liabilities at
(Dollars in thousands)		Level 1			Level 2			Level 3			Fair Value
Assets:
Securities available for sale
U.S. Treasury securities		$	—		$	4,887		$	—		$	4,887
U.S. government agencies and corporations			—			55,710			—			55,710
Mortgage-backed securities			—			205,832			—			205,832
Obligations of states and political subdivisions			—			157,091			—			157,091
Corporate and other debt securities			—			34,591			—			34,591
Total securities available for sale			—			458,111			—			458,111
Loans held for sale			—			40,911			—			40,911
Other investments			—			4,428			—			4,428
Rabbi trust assets			17,510			—			—			17,510
Derivatives
IRLC			—			574			—			574
Interest rate swaps on loans			—			2,503			—			2,503
Cash flow hedges			—			598			—			598
Total assets		$	17,510		$	507,125		$	—		$	524,635

Liabilities:
Derivatives
Interest rate swaps on loans		$	—		$	2,503		$	—		$	2,503
Cash flow hedges			—			208			—			208
Total liabilities		$	—		$	2,711		$	—		$	2,711

Schedule of assets measured at fair value on a nonrecurring basis


		December 31, 2025
		Fair Value Measurements Classified as									Assets at Fair
(Dollars in thousands)		Level 1			Level 2			Level 3			Value
Other real estate owned, net		$	—		$	—		$	1,316		$	1,316
Total		$	—		$	—		$	1,316		$	1,316

Schedule of carrying amounts and estimated fair values of financial instruments

Carrying

 Fair Value Measurements at June 30, 2026 Classified as

Total Fair

(Dollars in thousands)

 Value

Level 1

Level 2

Level 3

 Value

Financial assets:

Cash and short-term investments

$

63,887

$

62,110

$

1,777

$

—

$

63,887

Securities available for sale

458,252

—

458,252

—

458,252

Loans, net

2,073,114

—

—

2,070,956

2,070,956

Loans held for sale

44,066

—

44,066

—

44,066

Other investments

59

—

59

—

59

Rabbi trust assets

18,783

18,783

—

—

18,783

Derivatives

IRLC

1,050

—

1,050

—

1,050

Interest rate swaps on loans

2,404

—

2,404

—

2,404

Cash flow hedges

627

—

627

—

627

Bank-owned life insurance

22,032

—

22,032

—

22,032

Accrued interest receivable

11,769

11,769

—

—

11,769

Financial liabilities:

Demand and savings deposits

1,445,744

1,445,744

—

—

1,445,744

Time deposits

919,614

—

917,181

—

917,181

Borrowings

110,510

—

107,034

—

107,034

Derivatives

Interest rate swaps on loans

2,404

—

2,404

—

2,404

Cash flow hedges

25

—

25

—

25

Accrued interest payable

3,948

3,948

—

—

3,948


		Carrying			Fair Value Measurements at December 31, 2025 Classified as									Total Fair
(Dollars in thousands)		Value			Level 1			Level 2			Level 3			Value
Financial assets:
Cash and short-term investments		$	79,916		$	79,132		$	784		$	—		$	79,916
Securities available for sale			458,111			—			458,111			—			458,111
Loans, net			2,014,899			—			—			2,008,199			2,008,199
Loans held for sale			40,911			—			40,911			—			40,911
Other investments			4,428			—			4,428			—			4,428
Rabbi trust assets			17,510			17,510			—			—			17,510
Derivatives
IRLC			574			—			574			—			574
Interest rate swaps on loans			2,503			—			2,503			—			2,503
Cash flow hedges			598			—			598			—			598
Bank-owned life insurance			21,808			—			21,808			—			21,808
Accrued interest receivable			11,726			11,726			—			—			11,726
Financial liabilities:
Demand and savings deposits			1,449,356			1,449,356			—			—			1,449,356
Time deposits			896,367			—			895,898			—			895,898
Borrowings			105,493			—			102,881			—			102,881
Derivatives
Interest rate swaps on loans			2,503			—			2,503			—			2,503
Forward sales of TBA securities			208			—			208			—			208
Accrued interest payable			3,745			3,745			—			—			3,745