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Fair Value Measurement
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value Measurement
The following is a description of the valuation methodologies used for the Company’s assets that are measured on a recurring basis at estimated fair value:
Investment securities AFS: Certain U.S. Treasury notes have been valued using unadjusted quoted prices from active markets and therefore have been classified as Level 1. However, the majority of the Company’s AFS investment securities have been valued utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include market maker bids, quotes and pricing models. Inputs to the pricing models include recent trades, benchmark interest rates, spreads and actual and projected cash flows.
Mutual funds: Mutual funds have been valued using unadjusted quoted prices from active markets and therefore have been classified as Level 1.

Assets measured at fair value on a recurring basis at December 31, 2024 and 2023, segregated by fair value hierarchy level, are summarized below:
 Fair Value Measurement
 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:(Dollars in thousands)
Investment securities available-for-sale    
Debt securities:
U.S. Government-sponsored enterprises$26,215 $2,702 $23,513 $— 
Agency MBS173,275 — 173,275 — 
State and political subdivisions48,550 — 48,550 — 
Corporate2,464 — 2,464 — 
Total debt securities$250,504 $2,702 $247,802 $— 
Other investments:
Mutual funds$1,754 $1,754 $— $— 
 Fair Value Measurement
 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, 2023:(Dollars in thousands)
Investment securities available-for-sale
Debt securities:
U.S. Government-sponsored enterprises$39,351 $2,645 $36,706 $— 
Agency MBS152,384 — 152,384 — 
State and political subdivisions66,439 — 66,439 — 
Corporate6,209 — 6,209 — 
Total debt securities$264,383 $2,645 $261,738 $— 
Other investments:
Mutual funds$1,500 $1,500 $— $— 

There were no transfers in or out of Levels 1 and 2 during the years ended December 31, 2024 and 2023, nor were there any Level 3 assets at any time during those periods. Certain other assets and liabilities are measured at fair value on a nonrecurring basis, that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). Assets and liabilities measured at fair value on a nonrecurring basis in periods after initial recognition, such as collateral dependent individually evaluated loans and MSRs, were not considered material at December 31, 2024 or 2023. The Company has not elected to apply the fair value method to any financial assets or liabilities other than those situations where other accounting pronouncements require fair value measurements.
FASB ASC Topic 825, Financial Instruments, requires disclosure of the estimated fair value of financial instruments. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Management’s estimates and assumptions are inherently subjective and involve uncertainties and matters of significant judgment. Changes in assumptions could dramatically affect the estimated fair values.
Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Certain financial instruments and all nonfinancial instruments may be excluded from disclosure requirements. Thus, the aggregate fair value amounts presented may not necessarily represent the actual underlying fair value of such instruments of the Company.
As of the balance sheet dates, the estimated fair values and related carrying amounts of the Company's significant financial instruments were as follows:
December 31, 2024
Fair Value Measurement
Carrying
Amount		Estimated Fair
Value		Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
(Dollars in thousands)
Financial assets
Cash and cash equivalents$15,838 $15,838 $15,838 $— $— 
Interest bearing deposits in banks9,462 9,449 — 9,449 — 
Investment securities252,258 252,258 4,456 247,802 — 
Loans held for sale5,204 5,303 — 5,303 — 
Loans, net
Residential real estate464,691 441,373 — — 441,373 
Construction real estate105,633 87,402 — — 87,402 
Commercial real estate432,173 395,713 — — 395,713 
Commercial34,863 33,096 — — 33,096 
Consumer2,522 2,477 — — 2,477 
Municipal110,336 108,163 — — 108,163 
Accrued interest receivable6,470 6,470 — 1,226 5,244 
Nonmarketable equity securities11,352 N/AN/AN/AN/A
Financial liabilities
Deposits
Noninterest bearing226,048 226,048 226,048 — — 
Interest bearing714,862 714,862 714,862 — — 
Time227,984 226,890 — 226,890 — 
Borrowed funds
Short-term29,000 28,946 — 28,946 — 
Long-term230,696 229,613 — 229,613 — 
Subordinated notes16,273 16,128 — 16,128 — 
Accrued interest payable3,319 3,319 — 3,319 — 
December 31, 2023
Fair Value Measurement
Carrying
Amount		Estimated Fair
Value		Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
(Dollars in thousands)
Financial assets
Cash and cash equivalents$77,666 $77,666 $77,666 $— $— 
Interest bearing deposits in banks14,690 14,690 — 14,690 — 
Investment securities265,883 265,883 4,145 261,738 — 
Loans held for sale3,070 3,110 — 3,110 — 
Loans, net
Residential real estate414,500 373,594 — — 373,594 
Construction real estate87,588 85,678 — — 85,678 
Commercial real estate401,753 373,279 — — 373,279 
Commercial40,165 37,136 — — 37,136 
Consumer2,589 2,536 — — 2,536 
Municipal76,861 74,812 — — 74,812 
Accrued interest receivable5,409 5,409 — 1,395 4,014 
Nonmarketable equity securities3,199 N/AN/AN/AN/A
Financial liabilities
Deposits
Noninterest bearing250,992 250,992 250,992 — — 
Interest bearing765,689 765,689 765,689 — — 
Time288,922 286,637 — 286,637 — 
Borrowed funds
Short-term10,000 9,990 — 9,990 — 
Long-term55,696 55,914 — 55,914 — 
Subordinated notes16,239 15,302 — 15,302 — 
Accrued interest payable1,666 1,666 — 1,666 — 
The carrying amounts in the preceding tables are included in the consolidated balance sheets under the applicable captions. Accrued interest receivable and nonmarketable equity securities are included in Other assets in the consolidated balance sheets.