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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

—