Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Assets Measured On Recurring Basis


		Carrying Value at June 30, 2026
		Quoted Prices	Significant
		in Active	Other	Significant
	Balance as of	Markets for	Observable	Unobservable
(dollars in thousands)	June 30,	Identical Assets	Inputs	Inputs
Description	2026	(Level 1)	(Level 2)	(Level 3)
US agency obligations	$ 80,746	$ -	$ 80,746	$ -
Mortgage-backed securities	85,871	-	85,871	-
Municipals	55,128	-	55,128	-
Corporates	15,087	-	15,087	-

Total available-for-sale securities	$ 236,832	$ -	$ 236,832	$ -
IRLCs - asset	111	-	-	111
Total assets at fair value	$ 236,943	$ -	$ 236,832	$ 111

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Note 5 – Fair Value Measurements (continued)


		Carrying Value at December 31, 2025
		Quoted Prices	Significant
		in Active	Other	Significant
	Balance as of	Markets for	Observable	Unobservable
(dollars in thousands)	Dec 31,	Identical Assets	Inputs	Inputs
Description	2025	(Level 1)	(Level 2)	(Level 3)
US agency obligations	$ 85,363	$ -	$ 85,363	$ -
Mortgage-backed securities	61,040	-	61,040	-
Municipals	55,163	-	55,163	-
Corporates	12,562	-	12,562	-

Total available-for-sale securities	$ 214,128	$ -	$ 214,128	$ -
IRLCs - asset	99	-	-	99
Total assets at fair value	$ 214,227	$ -	$ 214,128	$ 99

Quantitative Information About Assets Measured At Fair Value Level


Quantitative information about Level 3 Fair Value Measurements at June 30, 2026
	Fair Value	Valuation Technique(s)	Unobservable Input	Range (Weighted Average) (1)
IRLCs- asset	$ 111	Market Approach	Range of pull through rate	70% - 100% (85%)

(1)Weighted based on the relative value of the instruments


Quantitative information about Level 3 Fair Value Measurements at December 31, 2025
	Fair Value	Valuation Technique(s)	Unobservable Input	Range (Weighted Average) (1)
IRLCs- asset	$ 99	Market Approach	Range of pull through rate	70% - 100% (85%)

(1) Weighted based on the relative value of the instruments

Quantitative Information Of Assets Measured At Fair Value On Non-Recurring Basis


	Quantitative information about Level 3 Fair Value Measurements for
	June 30, 2026
	(dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Loans individually evaluated*	$	136	Discounted appraised value	Selling cost	0% - 10% (8%)
				Discount for lack of marketability and age of appraisal	0% - 20% (6%)

*Includes loans charged down to the net realizable value of the collateral.


	Quantitative information about Level 3 Fair Value Measurements for
	December 31, 2025
	(dollars in thousands)
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Loans individually evaluated*	$	136	Discounted appraised value	Selling cost	0% - 10% (8%)
				Discount for lack of marketability and age of appraisal	0% - 20% (6%)

*Includes loans charged down to the net realizable value of the collateral.

Fair Value Carrying And Notional Amounts

The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments and their placement in the fair value hierarchy at June 30, 2026, and December 31, 2025, were as follows (dollars in thousands):


		Fair Value Measurements at June 30, 2026 using
		Quoted Prices	Significant
		in Active	Other	Significant
		Markets for	Observable	Unobservable
	Carrying	Identical Assets	Inputs	Inputs
Assets	Amounts	(Level 1)	(Level 2)	(Level 3)	Balance
Cash and due from banks	$ 24,675	$ 24,675	$ -	$ -	$ 24,675
Federal funds sold	10,870	10,870	-	-	10,870
Securities
Available-for-sale	236,832	-	236,832	-	236,832
Held-to-maturity, net	3,581	-	3,267	-	3,267
Restricted stock	1,872	-	1,872	-	1,872
Loans, net (1)	686,084	-	-	677,775	677,775
Loans held for sale	5,651	-	5,651	-	5,651
Interest receivable	3,392	-	3,392	-	3,392
Cash value - bank owned life insurance	24,101	-	24,101	-	24,101
Derivatives - IRLCs	111	-	-	111	111

Liabilities
Deposits	$ 935,184	$ -	$ 934,317	$ -	$ 934,317
Other borrowings	8,671	-	8,462	-	8,462
Interest payable	1,121	-	1,121	-	1,121

(1) Carrying amount is net of unearned income and the ACL.

‎

Note 5 – Fair Value Measurements (continued)



		Fair Value Measurements at December 31, 2025 using
		Quoted Prices	Significant
		in Active	Other	Significant
		Markets for	Observable	Unobservable
	Carrying	Identical Assets	Inputs	Inputs
Assets	Amounts	(Level 1)	(Level 2)	(Level 3)	Balance
Cash and due from banks	$ 28,538	$ 28,538	$ -	$ -	$ 28,538
Federal funds sold	55,937	55,937	-	-	55,937
Securities					-
Available-for-sale	214,128	-	214,128	-	214,128
Held-to-maturity	3,590	-	3,315	-	3,315
Restricted stock	1,828	-	1,828	-	1,828
Loans, net (1)	661,357	-	-	652,335	652,335
Loans held for sale	3,472	-	3,472	-	3,472
Interest receivable	3,380	-	3,380	-	3,380
Cash value - bank owned life insurance	23,676	-	23,676	-	23,676
Derivatives - IRLCs	99	-	-	99	99

Liabilities
Deposits	$ 937,129	$ -	$ 936,880	$ -	$ 936,880
Other borrowings	8,796	-	8,511	-	8,511
Interest payable	1,167	-	1,167	-	1,167

(1) Carrying amount is net of unearned income and the ACL.