FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Information related to the Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024 is as follows:

	Fair Value Measurements At Reporting Date Using:
	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2025
U.S. Treasury securities	$	6,950	$	6,950	$	—	$	—
U.S. Government Sponsored Enterprises (GSEs)	1,723		—		1,723		—
State and municipal securities	40,881		—		40,881		—
Corporate debt securities	14,262		—		14,262		—
Asset based securities	13,800		—		13,800		—
Mortgage-backed GSE residential/multifamily and non-GSE	121,322		—		121,322		—
Other equity securities	2,754		2,754		—		—
Interest Rate Products - asset	5,666		—		5,666		—
Interest Rate Products - liabilities	(5,680)		—		(5,680)		—
December 31, 2024
U.S. Treasury securities	$	8,809	$	8,809	$	—	$	—
U.S. Government Sponsored Enterprises (GSEs)	1,830		—		1,830		—
State and municipal securities	41,763		—		41,763		—
Corporate debt securities	14,127		—		14,127		—
Asset based securities	14,492		—		14,492		—
Mortgage-backed GSE residential/multifamily and non-GSE	115,849		—		115,849		—
Other equity securities	3,697		3,697		—		—
Interest Rate Products - asset	6,444		—		6,444		—
Interest Rate Products - liabilities	(6,454)		—		(6,454)		—

The carrying amount and estimated fair value of the Company’s financial instruments were as follows:

	March 31, 2025
			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	229,375	$	229,375	$	—	$	—
Securities available for sale	198,938		6,950		191,988		—
Other equity securities	2,754		2,754		—		—
Loans held for sale	1,236		—		1,236		—
Trading assets	5,666		—		5,666		—
Loans, net	2,231,160		—		2,211,438		2,857
Bank owned life insurance	39,698		—		39,698		—
Annuities	16,794		—		16,794		—
Accrued interest receivable	10,432		—		10,432		—
Restricted equity securities	4,408		—		—		4,408
Financial liabilities:
Deposits	$	2,425,631	$	—	$	2,425,421	$	—
Trading liabilities	5,680		—		5,680		—
FHLB advances	20,000		—		20,027		—
Other borrowings	—		—		—		—
Subordinated notes	91,382		—		91,382		—
Accrued interest payable	1,585		—		1,585		—

Fair Value of Financial Instruments (Continued)

	December 31, 2024
			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	260,234	$	260,234	$	—	$	—
Securities available for sale	196,870		8,809		188,061		—
Other equity securities	3,697		3,697		—		—
Loans held for sale	404		—		404		—
Trading assets	6,444		—		6,444		—
Loans, net	2,198,231		—		2,167,286		2,957
Bank owned life insurance	39,431		—		39,431		—
Annuities	16,772		—		16,772		—
Accrued interest receivable	10,111		—		10,111		—
Restricted equity securities	4,441		—		—		4,441
Financial liabilities:
Deposits	$	2,411,297	$	—	$	2,411,192	$	—
Trading liabilities	6,454		—		6,454		—
FHLB advances	22,000		—		22,036		—
Other borrowings	17,979		—		17,979		—
Subordinated notes	91,245		—		91,245		—
Accrued interest payable	2,172		—		2,172		—

Schedule of Fair Value Measurements, Nonrecurring

Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2025 and December 31, 2024:

	Fair Value Measurements At Reporting Date Using:
	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2025:
Individually analyzed loans	$	2,857	$	—	$	—	$	2,857
Foreclosed assets	—		—		—		—
Totals	$	2,857	$	—	$	—	$	2,857

Assets Measured at Fair Value on a Nonrecurring Basis (Continued)

	Fair Value Measurements At Reporting Date Using:
	Fair Value		Quoted Prices In Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2024:
Individually analyzed loans	$	2,957	$	—	$	—	$	2,957
Foreclosed assets	—		—		—		—
Totals	$	2,957	$	—	$	—	$	2,957

Schedule of Fair Value Measurement Inputs and Valuation Techniques

For Level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2025, the significant unobservable inputs used in the fair value measurements are presented below.

	Carrying Amount		Valuation Technique	Significant Unobservable Input	Weighted Average of Input
Nonrecurring:
Individually analyzed loans	$	2,857	Appraisal	Appraisal discounts (%)	15-20%
Foreclosed assets	$	—	Appraisal	Appraisal discounts (%)	10-15%

For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2024, the significant unobservable inputs used in the fair value measurements are presented below.

	Carrying Amount		Valuation Technique	Significant Unobservable Input	Weighted Average of Input
Nonrecurring:
Individually analyzed loans	$	2,957	Appraisal	Appraisal discounts (%)	15-20%
Foreclosed assets	$	—	Appraisal	Appraisal discounts (%)	10-15%