FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets (Liabilities) Measured at Fair Value

The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value:

June 30, 2024	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	197,596	$	—	$	197,596	$	—
Collateralized mortgage obligations		15,287		—		15,287		—
Municipal securities		2,410		—		2,410		—
Corporate bonds		27,369		—		27,369		—
Loans held for sale		871		—		—		871
Cash surrender value of life insurance		42,369		—		42,369		—
SBA servicing assets		574		—		—		574
Assets at fair value on a nonrecurring basis:
Other real estate owned		15,184		—		—		15,184

December 31, 2023	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets at fair value on a recurring basis:
Available for sale securities:
Mortgage-backed securities	$	149,812	$	—	$	149,812	$	—
Collateralized mortgage obligations		17,074		—		17,074		—
Municipal securities		2,504		—		2,504		—
Corporate bonds		26,805		—		26,805		—
Loans held for sale		976		—		—		976
Cash surrender value of life insurance		42,348		—		42,348		—
SBA servicing assets		691		—		—		691
Assets at fair value on a nonrecurring basis:
Individually evaluated collateral dependent loans		14,527		—		—		14,527

Schedule of Foreclosed Assets Measured and Recorded at Fair Value

The following table presents foreclosed assets that were remeasured and recorded at fair value as of June 30, 2024. There were no foreclosed assets that were remeasured and recorded at fair value as of June 30, 2023, or December 31, 2023.

	June 30, 2024
Other real estate owned remeasured at initial recognition:
Carrying value of other real estate owned prior to remeasurement	$	—
Charge-offs recognized in the allowance for credit losses		—
Fair value of other real estate owned remeasured at initial recognition	$	—
Other real estate owned remeasured subsequent to initial recognition:
Carrying value of other real estate owned prior to remeasurement	$	14,900
Write-downs included in collection and other real estate owned expense		(900	)
Fair value of other real estate owned remeasured subsequent to initial recognition	$	14,000

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 June 30, 2024. There were no nonrecurring level 3 fair value measurements requiring quantitative information as of December 31, 2023.

June 30, 2024	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range (Weighted Average)
Other real estate owned	$	15,184	Income approach; Market approach	Capitalization rate; Appraised value less selling costs	6.50%; 26.00%

Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value

There were no individually evaluated collateral dependent loans included in the ACL model as of June 30, 2024.

	Fair Value Measurements Using
December 31, 2023	Level 1		Level 2		Level 3		Total Fair Value
Real estate:
Commercial real estate	$	—	$	—	$	14,527	$	14,527
Total	$	—	$	—	$	14,527	$	14,527

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 June 30, 2024 and December 31, 2023, are as follows:

	Fair value measurements as of June 30, 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	$	90,212	$	90,212	$	—	$	—	$	90,212
Marketable securities held to maturity		347,992		—		316,323		—		316,323
Loans, net		2,185,247		—		—		2,099,172		2,099,172
Accrued interest receivable		12,397		—		12,397		—		12,397
Nonmarketable equity securities		21,105		—		21,105		—		21,105
Financial liabilities:
Deposits	$	2,626,162	$	1,898,737	$	728,789	$	—	$	2,627,526
Securities sold under repurchase agreements		25,173		—		25,173		—		25,173
Accrued interest payable		5,646		—		5,646		—		5,646
Federal Home Loan Bank advances		45,000		—		44,972		—		44,972
Subordinated debt		43,852		—		44,490		—		44,490

	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