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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis
Assets measured at fair value on a recurring basis at March 31, 2025 and December 31, 2024, segregated by fair value hierarchy level, are summarized below:
 Fair Value Measurements
 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:(Dollars in thousands)
Debt securities AFS:
U.S. Government-sponsored enterprises$26,063 $2,754 $23,309 $— 
Agency mortgage-backed172,473 — 172,473 — 
State and political subdivisions46,883 — 46,883 — 
Corporate2,473 — 2,473 — 
Total debt securities$247,892 $2,754 $245,138 $— 
Other investments:
Mutual funds$1,739 $1,739 $— $— 
December 31, 2024:    
Debt securities AFS:    
U.S. Government-sponsored enterprises$26,215 $2,702 $23,513 $— 
Agency mortgage-backed173,275 — 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 $— $— 
Schedule of Fair Values and Carrying Amounts, Significant Financial Instruments
As of the balance sheet dates, the estimated fair values and related carrying amounts of the Company's significant financial instruments were as follows:
March 31, 2025
Fair Value Measurements
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$13,712 $13,712 $13,712 $— $— 
Interest bearing deposits in banks7,959 7,959 — 7,959 — 
Investment securities249,631 249,631 4,493 245,138 — 
Loans held for sale4,055 4,110 — 4,110 — 
Loans, net
Residential real estate461,123 429,540 — — 429,540 
Construction real estate106,656 105,719 — — 105,719 
Commercial real estate438,144 417,539 — — 417,539 
Commercial33,946 32,753 — — 32,753 
Consumer2,823 2,769 — — 2,769 
Municipal112,519 109,937 — — 109,937 
Accrued interest receivable7,213 7,213 — 885 6,328 
Nonmarketable equity securities10,889 N/AN/AN/AN/A
Financial liabilities
Deposits
Noninterest bearing$232,550 $232,550 $232,550 $— $— 
Interest bearing682,886 682,886 682,886 — — 
Time265,940 265,200 — 265,200 — 
Borrowed funds
Long-term240,696 242,195 — 242,195 — 
Subordinated notes16,281 16,831 — 16,831 — 
Accrued interest payable3,056 3,056 — 3,056 — 
 December 31, 2024
 Fair Value Measurements
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 estate464,691 425,103 — — 425,103 
Construction real estate105,633 103,672 — — 103,672 
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 bearing$226,048 $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 —