Fair Value Presentation (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Presentation [Abstract]

Schedule of Assets and Liabilities Measured on a Recurring Basis

The following table provides the fair value for assets and liabilities required to be measured and reported at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, and level within the fair value hierarchy (in thousands):

		Level 1				Level 2				Level 3				Total
		$				$				$				$
June 30, 2026:
Assets
U.S. Treasuries			14,137				—				—				14,137
U.S. government agencies			—				15,961				—				15,961
U.S. agency mortgage-backed securities			—				31,681				—				31,681
U.S. agency collateralized mortgage obligations			—				99,476				—				99,476
Non-agency MBS/CMO			—				133,965				—				133,965
Asset-backed securities			—				47,638				—				47,638
Corporate bonds			—				43,240				—				43,240
Obligations of states & political subdivisions			—				172,579				—				172,579
Marketable equity securities			9,528				—				—				9,528

Total securities			23,665				544,540				—				568,205
Derivatives and hedging activities			—				2,549				—				2,549

Liabilities
Derivatives and hedging activities			—				13				—				13

		Level 1				Level 2				Level 3				Total
		$				$				$				$

December 31, 2025:
Assets
U.S. Treasuries			14,163				—				—				14,163
U.S. government agencies			—				15,822				—				15,822
U.S. agency mortgage-backed securities			—				31,613				—				31,613
U. S. agency collateralized mortgage obligations			—				106,392				—				106,392
Non-agency MBS/CMO			—				143,511				—				143,511
Asset-backed securities			—				50,962				—				50,962
Corporate bonds			—				45,135				—				45,135
Obligations of states and political subdivisions			—				171,870				—				171,870
Marketable equity securities			9,481				—				—				9,481
Total securities			23,644				565,305				—				588,949
Derivatives and hedging activities			—				811				—				811

Liabilities
Derivatives and hedging activities			—				1,058				—				1,058

The following table provides the fair value for each class of assets to be measured and reported at fair value on a nonrecurring basis at June 30, 2026 and December 31, 2025, by level within the fair value hierarchy (in thousands):

		Level 1				Level 2				Level 3				Total
		$				$				$				$
June 30, 2026
Assets:
Individually analyzed loans			—				—				8,828				8,828
Total			—				—				8,828				8,828

December 31, 2025
Assets:
Individually analyzed loans			—				—				9,148				9,148
Total			—				—				9,148				9,148

Schedule of Quantitative Information About Level 3 Fair Value Measurements

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized level 3 inputs to determine fair value:

	Fair Value	Valuation	Unobservable	Range
	Estimate	Techniques	Input	(Weighted Avg)

June 30, 2026
Individually analyzed loans	8,828	Appraisal of collateral (1)	Appraisal adjustments (2)	0% to -20%
			Liquidation expenses (2)	0% to -10%


December 31, 2025
Individually analyzed loans	9,148	Appraisal of collateral (1)	Appraisal adjustments (2)	0% to -20%
			Liquidation expenses (2)	0% to -10%

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Schedule of Financial Instruments not Required to be Measured or Reported at Fair Value

The following tables provide the carrying amount for each class of assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 (in thousands):

										Quoted Prices in
										Active Markets				Significant Other				Significant
										for Identical				Observable				Unobservable
		Carrying								Assets				Inputs				Inputs
		Amount				Fair Value				(Level 1)				(Level 2)				(Level 3)
		$				$				$				$				$


Cash and cash equivalents			37,145				37,145				37,145				—				—
Regulatory stock			11,559				11,559				11,559				—				—
Loans held for sale			2,038				2,038				2,038				—				—
Loans, net of allowance			1,653,016				1,633,610				—				—				1,633,610
Accrued interest receivable			9,157				9,157				50				3,189				5,918


Demand deposits			706,839				706,839				706,839				—				—
Interest-bearing demand deposits			396,076				396,076				396,076				—				—
Money market deposit accounts			177,819				177,819				177,819				—				—
Savings accounts			311,547				311,547				311,547				—				—
Time deposits			424,688				417,723				—				—				417,723
Total deposits			2,016,969				2,010,004				1,592,281				—				417,723
Short-term debt			76,000				76,000				76,000				—				—
Long-term debt			53,007				53,003				—				—				53,003
Subordinated debt			61,535				60,489				—				—				60,489
Accrued interest payable			2,406				2,406				349				30				2,027

December 31, 2025
Financial Assets:
Cash and cash equivalents			60,573				60,573				60,573				—				—
Regulatory stock			10,870				10,870				10,870				—				—
Loans held for sale			2,588				2,588				2,588				—				—
Loans, net of allowance			1,498,859				1,493,899				—				—				1,493,899
Accrued interest receivable			8,424				8,424				59				3,306				5,059

Financial Liabilities:
Demand deposits			649,090				649,090				649,090				—				—
Interest-bearing demand deposits			375,938				375,938				375,938				—				—
Money market deposit accounts			162,715				162,715				162,715				—				—
Savings accounts			283,207				283,207				283,207				—				—
Time deposits			402,411				401,917				—				—				401,917
Total deposits			1,873,361				1,872,867				1,470,950				—				401,917
Short-term debt			60,000				60,000				60,000				—				—
Long-term debt			67,838				68,507				—				—				68,507
Subordinated debt			81,413				80,311				—				—				80,311
Accrued interest payable			2,595				2,595				444				6				2,145