Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2025

Disclosures about Fair Value of Assets and Liabilities [Abstract]

Assets Measured at Fair Value on Nonrecurring Basis

The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2024 (dollars in thousands):

	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2024
Collateral-dependent loans	$	3,209	$	-	$	-	$	3,209

Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements at December 31, 2024 (dollars in thousands):

	Fair Value		Valuation Technique		Unobservable Inputs
December 31, 2024
Collateral-dependent loans	$	3,209		Estimated cash to be received pending liquidation of collateral	Estimated cost to sell

Estimated Fair Value of Financial Instruments Not Recorded at Fair Value

The following table presents estimated fair values of the Company’s financial instruments not recorded at fair value at June 30, 2025 and December 31, 2024 (dollars in thousands):

	Carrying Amount		Fair Value Measurements
			Level 1		Level 2		Level 3		Total
June 30, 2025
Financial Assets
Cash and due from banks	$	218,839	$	218,839	$	-	$	-	$	218,839
Interest-bearing time deposits in other banks		14,188		-		14,188		-		14,188
Loans, net		1,479,134		-		1,496,864		-		1,496,864
Loans held for sale		2,541		-		2,541		-		2,541
Nonmarketable equity securities		1,182		-		1,182		-		1,182
Interest receivable		8,995		-		8,995		-		8,995
Financial Liabilities
Deposits	$	1,594,138	$	-	$	1,593,727	$	-	$	1,593,727
Interest payable		1,028		-		1,028		-		1,028
December 31, 2024
Financial Assets
Cash and due from banks	$	234,196	$	234,196	$	-	$	-	$	234,196
Interest-bearing time deposits in other banks		6,719		-		6,719		-		6,719
Loans, net		1,379,465		-		1,392,299		3,209		1,395,508
Nonmarketable equity securities		1,283		-		1,283		-		1,283
Interest receivable		8,841		-		8,841		-		8,841
Financial Liabilities
Deposits	$	1,515,471	$	-	$	1,515,023	$	-	$	1,515,023
Interest payable		1,182		-		1,182		-		1,182