| Fair Value Information for Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following tables provide fair value information for assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
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|
|
(dollars in thousands) |
|
|
|
Total |
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|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Securities available for sale: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury |
|
$ |
23,776 |
|
|
$ |
23,776 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. government agencies |
|
|
48,679 |
|
|
|
— |
|
|
|
48,679 |
|
|
|
— |
|
GSE - Mortgage-backed securities and CMOs |
|
|
165,124 |
|
|
|
— |
|
|
|
165,124 |
|
|
|
— |
|
Asset-backed securities |
|
|
19,545 |
|
|
|
— |
|
|
|
19,545 |
|
|
|
— |
|
State and political subdivisions |
|
|
98,697 |
|
|
|
— |
|
|
|
98,697 |
|
|
|
— |
|
Corporate bonds |
|
|
3,950 |
|
|
|
— |
|
|
|
3,950 |
|
|
|
— |
|
Equity securities |
|
|
878 |
|
|
|
878 |
|
|
|
— |
|
|
|
— |
|
Mortgage banking derivatives |
|
|
883 |
|
|
|
— |
|
|
|
108 |
|
|
|
775 |
|
Total assets at fair value on a recurring basis |
|
$ |
361,532 |
|
|
$ |
24,654 |
|
|
$ |
336,103 |
|
|
$ |
775 |
|
Mortgage banking derivatives |
|
$ |
26 |
|
|
$ |
— |
|
|
$ |
26 |
|
|
$ |
— |
|
Total liabilities at fair value on a recurring basis |
|
$ |
26 |
|
|
$ |
— |
|
|
$ |
26 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
(dollars in thousands) |
|
|
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Securities available for sale: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury |
|
$ |
23,997 |
|
|
$ |
23,997 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. government agencies |
|
|
45,228 |
|
|
|
— |
|
|
|
45,228 |
|
|
|
— |
|
GSE - Mortgage-backed securities and CMOs |
|
|
174,754 |
|
|
|
— |
|
|
|
174,754 |
|
|
|
— |
|
Asset-backed securities |
|
|
20,965 |
|
|
|
— |
|
|
|
20,965 |
|
|
|
— |
|
State and political subdivisions |
|
|
88,886 |
|
|
|
— |
|
|
|
88,886 |
|
|
|
— |
|
Corporate bonds |
|
|
3,910 |
|
|
|
— |
|
|
|
3,910 |
|
|
|
— |
|
Equity securities |
|
|
303 |
|
|
|
303 |
|
|
|
— |
|
|
|
— |
|
Mortgage banking derivatives |
|
|
883 |
|
|
|
— |
|
|
|
38 |
|
|
|
845 |
|
Total assets at fair value on a recurring basis |
|
$ |
358,926 |
|
|
$ |
24,300 |
|
|
$ |
333,781 |
|
|
$ |
845 |
|
Mortgage banking derivatives |
|
$ |
58 |
|
|
$ |
— |
|
|
$ |
58 |
|
|
$ |
— |
|
Total liabilities at fair value on a recurring basis |
|
$ |
58 |
|
|
$ |
— |
|
|
$ |
58 |
|
|
$ |
— |
|
|
| Schedule of Reconciliation for Recurring Level 3 Fair Value Measurements |
The following table provides a rollforward for recurring Level 3 fair value measurements:
|
|
|
|
|
June 30, 2026 |
|
|
Mortgage banking derivatives:
Interest rate lock commitments |
|
|
(dollars in thousands) |
|
Balance at December 31, 2025 |
$ |
845 |
|
Change in fair value: |
|
|
Included in income from mortgage banking |
|
(70 |
) |
Change in observability of significant inputs: |
|
|
Included in income from mortgage banking |
|
— |
|
Balance at June 30, 2026 |
$ |
775 |
|
|