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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present the balances of certain assets measured at fair value on a recurring basis as of the dates indicated:

         
Fair Value Measurements at March 31, 2025 Using
  
(dollars in thousands)
  
Balance
    
Level 1
    
Level 2
    
Level 3
  
Assets:                        
Available-for-sale securities
                        
U.S. Treasury securities
  
$
3,940
    
$
-
    
$
3,940
    
$
-
  
Obligations of  U.S. Government agencies
    
40,714
      
-
      
40,714
      
-
  
Obligations of state and political subdivisions
    
48,203
      
-
      
48,203
      
-
  
Mortgage-backed securities
    
98,620
      
-
      
98,620
      
-
  
Corporate bonds and other securities
    
29,441
      
-
      
29,441
      
-
  
Total available-for-sale securities
    
220,918
      
-
      
220,918
      
-
  
Derivatives
                               
Interest rate swap on loans
    1,236       -       1,236       -  
Total assets
  $ 222,154     $ -     $ 222,154     $ -  
                                 
Liabilities:
                               
Derivatives
                               
Interest rate swap on loans
   
 1,236    
-      
 1,236    
-  
Total liabilities
  $ 1,236     $ -     $ 1,236     $ -  

         
Fair Value Measurements at December 31, 2024 Using
  
(dollars in thousands)
  
Balance
    
Level 1
    
Level 2
    
Level 3
  
Available-for-sale securities
                        
U.S. Treasury securities
  
$
3,917
    
$
-
    
$
3,917
    
$
-
  
Obligations of  U.S. Government agencies
    
41,291
      
-
      
41,291
      
-
  
Obligations of state and political subdivisions
    
49,635
      
-
      
49,635
      
-
  
Mortgage-backed securities
    
94,838
      
-
      
94,838
      
-
  
Corporate bonds and other securities
    
28,402
      
-
      
28,402
      
-
  
Total available-for-sale securities
  
$
218,083
    
$
-
    
$
218,083
    
$
-
  
Derivatives
                               
Interest rate swap on loans
    1,603       -       1,603       -  
Total assets
  $ 219,686     $ -     $ 219,686     $ -  
                                 
Liabilities:
                               
Derivatives
                               
Interest rate swap on loans
 
1,603    
-    
1,603    
-  
Total liabilities
  $ 1,603     $ -     $ 1,603     $ -  
Repossessed Assets Measured at Fair Value on a Nonrecurring Basis

The following tables summarize the Company’s repossessed assets measured at fair value on a nonrecurring basis as of the dates indicated:


         
Carrying Value at March 31, 2025
  
(dollars in thousands)
  
Fair Value
    
Level 1
    
Level 2
    
Level 3
  
Repossessed assets
  
$
2,183
    
$
-
    
$
-
    
$
2,183
  

          
Carrying Value at December 31, 2024
  
(dollars in thousands)
  
Fair Value
    
Level 1
    
Level 2
    
Level 3
  
Repossessed assets
   $ 1,972    
$
-
    
$
-
    
$
1,972
  
Fair Value Inputs, Assets, Quantitative Information
The following tables display quantitative information about Level 3 Fair Value Measurements as of the dates indicated:

     
Quantitative Information About Level 3 Fair Value Measurements
  
(dollars in thousands)
Fair Value at
March 31, 2025
  
Valuation Techniques
Unobservable Input
Range (Weighted Average)
  
Repossessed assets
            
Repossessed assets
  
$
2,183
  
Market comparables
Selling costs
    
10.00% - 20.00% (15.00
%)

        Quantitative Information About Level 3 Fair Value Measurements  
(dollars in thousands)
Fair Value at
December 31,
2024
  
Valuation Techniques
Unobservable Input
Range (Weighted Average)
  
Repossessed assets                    
Repossessed assets
   $ 1,972  
Market comparables
Selling costs
    
10.00% - 20.00% (15.00
%)
Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments
The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of March 31, 2025 and December 31, 2024. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between origination of the instrument and its expected realization. For non-marketable equity securities such as FHLB and FRB stock, the carrying amount is a reasonable estimate of fair value as these securities can only be redeemed or sold at their par value and only to the respective issuing government-supported institution or to another member institution. For financial liabilities such as interest-bearing demand and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity.
         
Fair Value Measurements at March 31, 2025 Using
  
(dollars in thousands)
  
Carrying Value
    
Level 1
    
Level 2
    
Level 3
  
Assets
                        
Cash and cash equivalents
  
$
135,895
    
$
135,895
    
$
-
    
$
-
  
Securities available-for-sale
    
220,918
      
-
      
220,918
      
-
  
Restricted securities
    
3,922
      
-
      
3,922
      
-
  
Loans, net
    
1,012,830
      
-
      
-
      
972,803
  
Interest rate swap on loans
    1,236       -       1,236       -  
Bank owned life insurance
    
36,464
      
-
      
36,464
      
-
  
Accrued interest receivable
    
4,755
      
-
      
4,755
      
-
  
                                 
Liabilities
                                
Deposits
  
$
1,257,478
    
$
-
    
$
1,257,715
    
$
-
  
Short-term borrowings
    
3,328
      
-
      
3,328
      
-
  
Federal Home Loan Bank advances
    40,000       -       39,449       -  
Subordinated notes, net
     26,081       -       23,560       -  
Interest rate swap on loans
    1,236       -       1,236       -  
Accrued interest payable
    
1,423
    
-
      
1,423
      
-
  

         
Fair Value Measurements at December 31, 2024 Using
  
(dollars in thousands)
  
Carrying Value
    
Level 1
    
Level 2
    
Level 3
  
Assets
                        
Cash and cash equivalents
  
$
140,044
    
$
140,044
    
$
-
    
$
-
  
Securities available-for-sale
    
218,083
      
-
      
218,083
      
-
  
Restricted securities
    
3,918
      
-
      
3,918
      
-
  
Loans, net
   
1,010,160
      
-
      
-
      
968,452
  
Interest rate swap on loans
    1,603       -       1,603       -  
Bank owned life insurance
    
36,182
      
-
      
36,182
      
-
  
Accrued interest receivable
    
4,670
      
-
      
4,670
      
-
  
                                 
Liabilities
                                
Deposits
  
$
1,254,914
    
$
-
    
$
1,253,926
    
$
-
  
Short-term borrowings
    
3,967
      
-
      
3,967
      
-
  
Federal Home Loan Bank advances
    
40,000
      
-
      
39,418
      
-
  
Subordinated notes, net
     29,799       -       26,622       -  
Interest rate swap on loans
    1,603       -       1,603       -  
Accrued interest payable
    
2,085
      
-
      
2,085
      
-