XML 48 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value Measurements And Fair Values Of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract]  
Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis

(Dollars in thousands)

Fair Value at June 30, 2025

Assets

Basis

Level 1

Level 2

Level 3

Total

Available for sale:

U.S. Treasury

32,862 

32,862 

Municipal

134,102 

134,102 

Corporate

23,503 

23,503 

Agency MBS & CMO

134,976 

134,976 

Non-Agency MBS & CMO

126,895 

126,895 

Asset-backed

28,921 

28,921 

Total available for sale

Recurring

$

32,862 

$

448,397 

$

$

481,259 

Liabilities

Derivatives

Recurring

223 

223 

(Dollars in thousands)

Fair Value at December 31, 2024

Assets

Basis

Level 1

Level 2

Level 3

Total

Equity securities, at fair value

Recurring

$

166 

$

$

$

166 

Available for sale:

U.S. Treasury

31,797 

31,797 

Municipal

133,592 

133,592 

Corporate

24,224 

24,224 

Agency MBS & CMO

138,742 

138,742 

Non-Agency MBS & CMO

149,170 

149,170 

Asset-backed

31,079 

31,079 

Total available for sale

Recurring

$

31,963 

$

476,807 

$

$

508,770 

Collateral dependent loans (1)

Nonrecurring

380 

380 

Derivatives

Recurring

2,275 

2,275 

(1)Collateral dependent loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based on customized discounting criteria.

Fair Value Inputs, Assets, Quantitative Information

Range

December 31, 2024

Fair Value

Valuation Technique

Unobservable Input

(Weighted Average)

Collateral Dependent

$

380

Appraisal

Appraisal Adjustment on:

Real estate assets

100% (100%)

Cost to sell

10%

Fair Value, By Balance Sheet Grouping

June 30, 2025

Carrying

Fair

(Dollars in thousands)

Amount

Value

Level 1

Level 2

Level 3

Financial assets, carried at cost:

Cash and cash equivalents

$

207,790

$

207,790

$

207,790

$

$

Long-term interest-earning deposits in other banks

999

999

999

Loans held for sale

1,486

1,499

1,499

Net loans

1,500,035

1,483,175

1,483,175

Accrued interest receivable

7,682

7,682

7,682

Financial liabilities:

Deposits

$

1,893,471

$

1,894,843

$

$

1,894,843

$

FHLB advances

200,000

201,712

201,712

Subordinate notes

19,719

18,032

18,032

Accrued interest payable

4,439

4,439

4,439

December 31, 2024

Carrying

Fair

(Dollars in thousands)

Amount

Value

Level 1

Level 2

Level 3

Financial assets, carried at cost:

Cash and cash equivalents

$

203,613

$

203,613

$

203,613

$

$

Long-term interest-earning deposits in other banks

1,499

1,499

1,499

Loans held for sale

2,470

2,470

2,470

Net loans

1,380,424

1,351,450

1,351,450

Accrued interest receivable

7,348

7,348

7,348

Financial liabilities:

Deposits

$

1,815,647

$

1,814,479

$

$

1,814,479

$

FHLB Advances

200,000

200,883

200,883

Subordinate notes

19,699

18,032

18,032

Accrued interest payable

4,689

4,689

4,689