Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Assets Measured at Fair Value

The following table presents the Company’s approximate fair value hierarchy for assets measured at fair value as of June 30:


2026
						Fair Value Measurements at
						Reporting Date Using
		Total				(Level 1)				(Level 2)				(Level 3)
Assets and liabilities measured at fair value on a recurring basis:
Assets:
Debt securities available for sale		$	147,611			$	12,553			$	135,058				-
Mortgage loans held for sale		$	15,184				-			$	15,184				-
Derivative assets		$	492				-			$	492				-
Liabilities:							-								-
Forward contracts		$	43				-			$	43				-

Assets measured at fair value on a non-recurring basis:
Assets:
Collateral-dependent loans, net of specific reserves		$	5,532				-				-			$	5,532
Foreclosed assets		$	101				-				-			$	101

TRI-COUNTY FINANCIAL GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

(000s omitted except share data)

(15)	Fair Value Measurements (continued):

The following table presents the Company’s approximate fair value hierarchy for assets measured at fair value as of December 31:


		2025
						Fair Value Measurements at
						Reporting Date Using
		Total				(Level 1)				(Level 2)				(Level 3)
Assets measured at fair
value on a recurring basis:
Assets:
Debt securities available for sale		$	154,207			$	17,485			$	136,722				-
Mortgage loans held for sale		$	12,688				-			$	12,688				-
Derivative assets		$	352				-			$	352				-
Liabilities:							-								-
Forward contracts		$	60				-			$	60				-

Assets measured at fair value on a non-recurring basis:
Assets:
Collateral-dependent loans, net of specific reserves		$	6,153				-				-			$	6,153
Foreclosed assets		$	101				-				-			$	101

Schedule of Carrying Amounts and Estimated Fair Values

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments as of June 30:


2026
						Fair Value Measurements at
						Reporting Date Using
		Carrying Amount				(Level 1)				(Level 2)				(Level 3)				Total
Financial assets:
Cash and cash equivalents		$	60,903			$	60,903											$	60,903
Securities available for sale			147,611				12,553				135,058								147,611
Federal Home Loan Bank stock			3,459												3,459				3,459
Mortgage loans held for sale			15,184								15,184								15,184
Loans, net			1,258,100												1,251,905				1,251,905
Accrued interest receivable			8,781				8,781												8,781
Mortgage servicing rights			531								4,593								4,593
Derivative assets			492								492								492

Financial liabilities:
Deposits		$	1,296,806			$	908,724							$	388,335			$	1,297,059
FHLB advances and other borrowings			45,917												45,917				45,917
Securities sold under agreements to repurchase			21,404				21,404												21,404
Accrued interest payable			2,663				2,663												2,663
Forward commitments			43								43								43

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments as of December 31:


2025
						Fair Value Measurements at
						Reporting Date Using
		Carrying Amount				(Level 1)				(Level 2)				(Level 3)				Total
Financial assets:
Cash and cash equivalents		$	49,639			$	49,639											$	49,639
Securities available for sale			154,207				17,485				136,722								154,207
Federal Home Loan Bank stock			3,572												3,572				3,572
Mortgage loans held for sale			12,688								12,688								12,688
Loans, net			1,300,302												1,283,910				1,283,910
Accrued interest receivable			8,222				8,222												8,222
Mortgage servicing rights			585								4,593								4,593
Derivative assets			352								352								352

Financial liabilities:
Deposits		$	1,303,923			$	891,827							$	412,629			$	1,304,456
FHLB advances and other borrowings			77,917												77,917				77,917
Securities sold under agreements to repurchase			23,105				23,105												23,105
Accrued interest payable			2,648				2,648												2,648
Forward commitments			61								61								61