Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2026

Fair Value Assets Measured On Recurring Basis



		Carrying Value at September 30, 2026
		Quoted Prices	Significant
		in Active	Other	Significant
	Balance as of	Markets for	Observable	Unobservable
(dollars in thousands)	September 30,	Identical Assets	Inputs	Inputs
Description	2026	(Level 1)	(Level 2)	(Level 3)
US agency obligations	$ 78,251	$ -	$ 78,251	$ -
Mortgage-backed securities	80,022	-	80,022	-
Municipals	55,244	-	55,244	-
Corporates	11,973	-	11,973	-

Total available-for-sale securities	$ 225,490	$ -	$ 225,490	$ -
IRLCs - asset	34	-	-	34
Total assets at fair value	$ 225,524	$ -	$ 225,490	$ 34
IRLCs - liability	$ 144	-	-	$ 144
Total liabilities at fair value	$ 144	-	-	$ 144

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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 September 30, 2026
	Fair Value	Valuation Technique(s)	Unobservable Input	Range (Weighted Average) (1)
IRLCs- net liability	$ (110)	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
	September 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%)
Other real estate owned	$	191	Third-party purchase offer, net of estimated selling costs	Non-binding offer price; selling costs	N/A (single property)

*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 September 30, 2026, and December 31, 2025, were as follows (dollars in thousands):


		Fair Value Measurements at September 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	$ 20,706	$ 20,706	$ -	$ -	$ 20,706
Federal funds sold	41,049	41,049	-	-	41,049
Securities
Available-for-sale	225,490	-	225,490	-	225,490
Held-to-maturity, net	3,577	-	3,114	-	3,114
Restricted stock	1,872	-	1,872	-	1,872
Loans, net (1)	694,033	-	-	671,386	671,386
Loans held for sale	2,674	-	2,674	-	2,674
Interest receivable	3,286	-	3,286	-	3,286
Cash value - bank owned life insurance	24,319	-	24,319	-	24,319
Derivatives - IRLCs	34	-	-	34	34

Liabilities
Deposits	$ 963,595	$ -	$ 956,925	$ -	$ 956,925
Other borrowings	8,606	-	8,257	-	8,257
Interest payable	1,193	-	1,193	-	1,193
Derivatives - IRLCs	144	-	-	144	144

(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.