v3.26.3
Fair Value (Tables)
9 Months Ended
Sep. 30, 2026
Fair Value  
Summary of financial instruments measured on recurring basis

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

September 30, 2026

 

 

 

Fair Value Measurements

 

 

Level 1 Valuation

 

 

Level 2 Valuation

 

 

Level 3 Valuation

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

$7,605

 

 

 

-

 

 

 

7,605

 

 

 

-

 

U.S. Government sponsored enterprises

 

 

4,441

 

 

 

-

 

 

 

4,441

 

 

 

-

 

GSE - Mortgage-backed securities

 

 

199,568

 

 

 

-

 

 

 

199,568

 

 

 

-

 

Private label mortgage-backed securities

 

 

25,825

 

 

 

-

 

 

 

25,825

 

 

 

-

 

State and political subdivisions

 

 

104,119

 

 

 

-

 

 

 

104,119

 

 

 

-

 

Total available for sale securities

 

$341,558

 

 

 

-

 

 

 

341,558

 

 

 

-

 

Mutual funds held in deferred compensation trust

 

$3,279

 

 

 

3,279

 

 

 

-

 

 

 

-

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

 

 

Fair Value Measurements

 

 

Level 1 Valuation

 

 

Level 2 Valuation

 

 

Level 3 Valuation

 

Available for sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

$7,609

 

 

 

-

 

 

 

7,609

 

 

 

-

 

U.S. Government sponsored enterprises

 

 

5,202

 

 

 

-

 

 

 

5,202

 

 

 

-

 

GSE - Mortgage-backed securities

 

 

211,916

 

 

 

-

 

 

 

211,916

 

 

 

-

 

Private label mortgage-backed securities

 

 

42,062

 

 

 

-

 

 

 

42,062

 

 

 

-

 

State and political subdivisions

 

 

110,574

 

 

 

-

 

 

 

110,574

 

 

 

-

 

Total available for sale securities

 

$377,363

 

 

 

-

 

 

 

377,363

 

 

 

-

 

Mutual funds held in deferred compensation trust

 

$2,855

 

 

 

2,855

 

 

 

-

 

 

 

-

 

Summary of all fair value measurements for individually evaluated loans and other real estate

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Fair Value September 30, 2026

 

 

Fair Value December 31, 2025

 

 

Valuation Technique

 

Significant Unobservable Inputs

 

General Range of Significant Unobservable Input Values

 

Individually evaluated loans

 

$-

 

 

$375

 

 

Appraised value

 

Discounts to reflect current market conditions and ultimate collectability

 

0-50

 %
Schedule of carrying amount and estimated fair value of the Company's financial instruments

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at September 30, 2026

 

 

 

Carrying Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$57,150

 

 

 

57,150

 

 

 

-

 

 

 

-

 

 

 

57,150

 

Investment securities available for sale

 

 

341,558

 

 

 

-

 

 

 

341,558

 

 

 

-

 

 

 

341,558

 

Other investments

 

 

2,551

 

 

 

-

 

 

 

-

 

 

 

2,551

 

 

 

2,551

 

Mortgage loans held for sale

 

 

733

 

 

 

-

 

 

 

733

 

 

 

-

 

 

 

733

 

Loans, net

 

 

1,292,240

 

 

 

-

 

 

 

-

 

 

 

1,298,222

 

 

 

1,298,222

 

Mutual funds held in deferred compensation trust

 

 

3,279

 

 

 

3,279

 

 

 

-

 

 

 

-

 

 

 

3,279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$1,567,815

 

 

 

-

 

 

 

1,569,463

 

 

 

-

 

 

 

1,569,463

 

Junior subordinated debentures

 

 

15,464

 

 

 

-

 

 

 

15,464

 

 

 

-

 

 

 

15,464

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2025

 

 

 

Carrying Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$58,105

 

 

 

58,105

 

 

 

-

 

 

 

-

 

 

 

58,105

 

Investment securities available for sale

 

 

377,363

 

 

 

-

 

 

 

377,363

 

 

 

-

 

 

 

377,363

 

Other investments

 

 

2,595

 

 

 

-

 

 

 

-

 

 

 

2,595

 

 

 

2,595

 

Mortgage loans held for sale

 

 

1,136

 

 

 

-

 

 

 

1,136

 

 

 

-

 

 

 

1,136

 

Loans, net

 

 

1,194,262

 

 

 

-

 

 

 

-

 

 

 

1,197,371

 

 

 

1,197,371

 

Mutual funds held in deferred compensation trust

 

 

2,855

 

 

 

2,855

 

 

 

-

 

 

 

-

 

 

 

2,855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$1,509,225

 

 

 

-

 

 

 

1,511,596

 

 

 

-

 

 

 

1,511,596

 

Junior subordinated debentures

 

 

15,464

 

 

 

-

 

 

 

15,464

 

 

 

-

 

 

 

15,464