Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Estimated Fair Value of Financial Instruments

The estimated carrying and fair values of the Company’s financial instruments not carried at fair value are as follows (in thousands):

	June 30, 2026
	Carrying Amount		Fair Value
			Level 1		Level 2		Level 3		Total
Financial assets:
Cash and due from banks	$	73,334	$	73,334	$	—	$	—	$	73,334
Interest-earning deposits in other banks	133,503		133,503		—		—		133,503
Held-to-maturity investment securities	276,061		—		256,072		—		256,072
Loans, net	3,494,361		—		—		3,380,313		3,380,313
Financial liabilities:
Time deposits	541,119		—		541,011		—		541,011
Borrowings	175,000		—		175,000		—		175,000
Senior debt and subordinated debentures	75,291		—		—		72,393		72,393

	December 31, 2025
	Carrying Amount		Fair Value
			Level 1		Level 2		Level 3		Total
Financial assets:
Cash and due from banks	$	27,627	$	27,627	$	—	$	—	$	27,627
Interest-earning deposits in other banks	91,357		91,357		—		—		91,357
Held-to-maturity investment securities	287,117		—		267,649		—		267,649
Loans, net	2,510,786		—		—		2,506,681		2,506,681
Financial liabilities:
Time deposits	503,451		—		503,423		—		503,423
Borrowings	73,000		—		73,000		—		73,000
Senior debt and subordinated debentures	69,526		—		—		66,181		66,181

Fair Value of Assets on a Recurring Basis

The Company is required or permitted to record the following assets at fair value on a recurring basis. The following tables present information about the Company’s assets measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 (in thousands):

	Fair Value Measurements Using
June 30, 2026	Fair Value		Level 1		Level 2		Level 3
Available-for-sale debt securities:
U.S. Treasury securities	$	9,494	$	9,494	$	—	$	—
U.S. Government agencies	2,487		—		2,487		—
Obligations of states and political subdivisions	170,773		—		170,773		—
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	221,307		—		221,307		—
Private label mortgage and asset backed securities	149,699		—		149,699		—
Corporate debt securities	16,328		—		16,328		—
Equity securities	10,119		10,119		—		—
Total assets measured at fair value on a recurring basis	$	580,207	$	19,613	$	560,594	$	—

	Fair Value Measurements Using
December 31, 2025	Fair Value		Level 1		Level 2		Level 3
Available-for-sale debt securities:
U.S. Treasury securities	$	9,509	$	9,509	$	—	$	—
U.S. Government agencies	63		—		63		—
Obligations of states and political subdivisions	165,961		—		165,961		—
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	64,697		—		64,697		—
Private label mortgage and asset backed securities	228,669		—		228,669		—
Corporate debt securities	511		—		511		—
Equity securities	6,797		6,797		—		—
Total assets measured at fair value on a recurring basis	$	476,207	$	16,306	$	459,901	$	—

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

The table below presents the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated (in thousands):

	Fair Value Measurements Using
June 30, 2026	Fair Value		Level 1	Level 2	Level 3
Individually evaluated loans
Commercial real estate	$	11,151	—	—	$	11,151
Commercial and industrial	136		—	—	136
Farmland	1,519		—	—	1,519
Other installment loans	—		—	—	—
Total collateral dependent loans	$	12,806	—	—	$	12,806

	Fair Value Measurements Using
December 31, 2025	Fair Value		Level 1	Level 2	Level 3
Individually evaluated loans
Commercial real estate	$	11,937	—	—	$	11,937
Commercial and industrial	1,000		—	—	1,000
Farmland	—		—	—	—
Other installment loans	54		—	—	54
Total collateral dependent loans	$	12,991	—	—	$	12,991

Quantitative Information About Level 3 Measurements

The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2026 and December 31, 2025 (in thousands):

	Fair Value Measurements Using
June 30, 2026	Fair Value	Valuation Technique	Unobservable Inputs	Range, Weighted Average
Collateral dependent loans	$12,806	Fair value of property	Cost to sell	Not meaningful N/A

	Fair Value Measurements Using
December 31, 2025	Fair Value	Valuation Technique	Unobservable Inputs	Range, Weighted Average
Collateral dependent loans	$12,991	Fair value of property	Cost to sell	Not meaningful N/A