Schedule of Quantitative Information About Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about nonrecurring Level 3 fair value measurements as of March 31, 2024. There were no nonrecurring level 3 fair value measurements requiring quantitative information as of December 31, 2023.

        March 31, 2024

        Fair Value

        Valuation
Technique(s)

        Unobservable Input(s)

        Range
(Weighted
Average)

Other real estate owned

$

14,900

Appraisal value of collateral

Selling costs or other normal adjustments

16

%

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments

The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2024 and December 31, 2023, are as follows:


	Fair value measurements as of March 31, 2024 using:
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$	73,093	$	73,093	$	—	$	—	$	73,093
Marketable securities held to maturity		363,963		—		331,480		—		331,480
Loans, net		2,234,012		—		—		2,148,577		2,148,577
Accrued interest receivable		11,747		—		11,747		—		11,747
Nonmarketable equity securities		20,870		—		20,870		—		20,870
Financial liabilities:
Deposits	$	2,627,844	$	1,931,728	$	697,604	$	—	$	2,629,332
Securities sold under repurchase agreements		39,058		—		39,058		—		39,058
Accrued interest payable		5,588		—		5,588		—		5,588
Federal Home Loan Bank advances		75,000		—		74,981		—		74,981
Subordinated debt		45,819		—		46,304		—		46,304


	Fair value measurements as of December 31, 2023 using:
	Carrying Amount		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$	89,524	$	89,524	$	—	$	—	$	89,524
Marketable securities held to maturity		404,208		—		374,523		—		374,523
Loans, net		2,290,881		—		—		2,187,669		2,187,669
Accrued interest receivable		13,143		—		13,143		—		13,143
Nonmarketable equity securities		24,128		—		24,128		—		24,128
Financial liabilities:
Deposits	$	2,633,246	$	1,928,063	$	706,074	$	—	$	2,634,137
Securities sold under repurchase agreements		25,172		—		25,172		—		25,172
Accrued interest payable		5,272		—		5,272		—		5,272
Federal Home Loan Bank advances		140,000		—		139,963		—		139,963
Subordinated debt		45,785		—		46,433		—		46,433