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Fair Value (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value under ASC 820 on a recurring basis are summarized below:

There were no transfers between Level 1 and Level 2 in 2025 and 2024.

   
Fair Value Measurements at
 
   
December 31, 2025 Using:
 
               
Significant
       
         
Quoted Prices in
   
Other
   
Significant
 
         
Active Markets for
   
Observable
   
Unobservable
 
   
Carrying
   
Identical Assets
   
Inputs
   
Inputs
 
(dollars in thousands)
 
Value
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
                         
                         
                         
Securities available for sale:
                       
U.S. government sponsored enterprises
 
$
31,772
   
$
-
   
$
31,772
   
$
-
 
State and political subdivisions
   
9
     
-
     
9
     
-
 
Mortgage backed securities and collateralized mortgage obligations - residential
   
206,290
     
-
     
206,290
     
-
 
Corporate bonds
   
59,932
     
-
     
59,932
     
-
 
Small Business Administration - guaranteed participation securities
   
11,710
     
-
     
11,710
     
-
 
Other
   
705
     
-
     
705
     
-
 

                               
Total securities available for sale
 
$
310,418
   
$
-
   
$
310,418
   
$
-
 

   
Fair Value Measurements at
 
   
December 31, 2024 Using:
 
               
Significant
       
         
Quoted Prices in
   
Other
   
Significant
 
         
Active Markets for
   
Observable
   
Unobservable
 
   
Carrying
   
Identical Assets
   
Inputs
   
Inputs
 
(dollars in thousands)
 
Value
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
                         
                         
Securities available for sale:
                       
U.S. government sponsored enterprises
 
$
85,617
   
$
-
   
$
85,617
   
$
-
 
State and political subdivisions
   
18
     
-
     
18
     
-
 
Mortgage backed securities and collateralized mortgage obligations - residential
   
213,128
     
-
     
213,128
     
-
 
Corporate bonds
   
44,581
     
-
     
44,581
     
-
 
Small Business Administration - guaranteed participation securities
   
14,141
     
-
     
14,141
     
-
 
Other
   
700
     
-
     
700
     
-
 
                                 
Total securities available for sale
 
$
358,185
   
$
-
   
$
358,185
   
$
-
 
Assets Measured at Fair Value on Non-Recurring Basis
Assets measured at fair value on a non-recurring basis are summarized below:

   
Fair Value Measurements at
             
   
December 31, 2025 Using:
             
               
Significant
                   
         
Quoted Prices in
   
Other
   
Significant
             
         
Active Markets for
   
Observable
   
Unobservable
             
   
Carrying
   
Identical Assets
   
Inputs
   
Inputs
             
(dollars in thousands)
 
Value
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Valuation technique
 
Unobservable inputs
 
Range (Weighted Average)
 
                                     
Other real estate owned
 
$
1,394
   
$
-
   
$
-
   
$
1,394
 
Sales comparison
approach
 
Adjustments for
differences between
comparable sales
   
0% - 58% (29
%)
Individually evaluated loans:
                                             
Real estate mortgage - 1 to 4 family
   
86
     
-
     
-
     
86
 
Sales comparison
approach
 
Adjustments for
differences between
comparable sales
   
0% - 52% (26
%)

   
Fair Value Measurements at
             
   
December 31, 2024 Using:
             
               
Significant
                   
         
Quoted Prices in
   
Other
   
Significant
             
         
Active Markets for
   
Observable
   
Unobservable
             
   
Carrying
   
Identical Assets
   
Inputs
   
Inputs
             
(dollars in thousands)
 
Value
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Valuation technique
 
Unobservable inputs
 
Range (Weighted Average)
 
                                     
Other real estate owned
 
$
2,174
   
$
-
   
$
-
   
$
2,174
 
Sales comparison
approach
 
Adjustments for
differences between
comparable sales
   
0% - 44% (18
%)
                                 

 

       
                                          

       
Individually evaluated loans:
                                             
Real estate mortgage - 1 to 4 family
   
-
     
-
     
-
     
-
 
Sales comparison
approach
 
Adjustments for
differences between
comparable sales
   
N/A
 
Carrying Amounts and Estimated Fair Values of Financial Instruments
In accordance with ASC 825, the carrying amounts and estimated fair values (exit price) of financial instruments at December 31, 2025 and 2024 are as follows:

         
Fair Value Measurements at
 
(dollars in thousands)
 
Carrying
   
December 31, 2025 Using:
 
   
Value
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Financial assets:
                             
Cash and cash equivalents
 
$
730,427
     
730,427
     
-
     
-
     
730,427
 
Securities available for sale
   
310,418
     
-
     
310,418
     
-
     
310,418
 
Held to maturity securities
   
4,339
     
-
     
4,389
     
-
     
4,389
 
Federal Reserve Bank and
                                       
Federal Home Loan Bank stock
   
6,601
     
N/A
     
N/A
     
N/A
     
N/A
 
Net loans
   
5,200,255
     
-
     
-
     
4,803,366
     
4,803,366
 
Accrued interest receivable
   
13,828
     
325
     
1,266
     
12,237
     
13,828
 
Financial liabilities:
                                       
Demand deposits
   
814,908
     
814,908
     
-
     
-
     
814,908
 
Interest bearing deposits
   
4,742,509
     
2,604,094
     
2,132,833
     
-
     
4,736,927
 
Short-term borrowings
   
120,054
     
-
     
120,054
     
-
     
120,054
 
Accrued interest payable
   
3,646
     
159
     
3,487
     
-
     
3,646
 

         
Fair Value Measurements at
 
(dollars in thousands)
 
Carrying
   
December 31, 2024 Using:
 
   
Value
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Financial assets:
                             
Cash and cash equivalents
 
$
641,812
     
641,812
     
-
     
-
     
641,812
 
Securities available for sale
   
358,185
     
-
     
358,185
     
-
     
358,185
 
Held to maturity securities
   
5,365
     
-
     
5,306
     
-
     
5,306
 
Federal Reserve Bank and
                                       
Federal Home Loan Bank stock
   
6,507
     
N/A
     
N/A
     
N/A
     
N/A
 
Net loans
   
5,047,810
     
-
     
-
     
4,589,822
     
4,589,822
 
Accrued interest receivable
   
13,194
     
271
     
1,317
     
11,606
     
13,194
 
Financial liabilities:
                                       
Demand deposits
   
762,101
     
762,101
     
-
     
-
     
762,101
 
Interest bearing deposits
   
4,628,882
     
2,579,123
     
2,038,200
     
-
     
4,617,323
 
Short-term borrowings
   
84,781
     
-
     
84,781
     
-
     
84,781
 
Accrued interest payable
   
3,817
     
216
     
3,601
     
-
     
3,817