Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value of Financial Instruments

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis

			Fair Value Measurements at March 31, 2026 Using
			Quoted
			Prices in		Significant
	Assets		Active Markets		Other		Significant
	Measured at		for Identical		Observable		Unobservable
	Fair Value		Assets		Inputs		Inputs
(in thousands)	3/31/2026		(Level 1)		(Level 2)		(Level 3)
Recurring:
Investment securities available-for-sale:
U.S. government agencies	$	1,360			$	1,360
Residential mortgage-backed agencies		22,248				22,248
Commercial mortgage-backed agencies		33,259				33,259
Collateralized mortgage obligations		26,526				26,526
Obligations of states and political subdivisions		8,466				8,466
Corporate bonds		916				916
Collateralized debt obligations		16,229					$	16,229
Equity investments not held for trading with readily determinable fair values		1,035	$	1,035

			Fair Value Measurements at December 31, 2025 Using
			Quoted
			Prices in		Significant
	Assets/(liabilities)		Active Markets		Other		Significant
	Measured at		for Identical		Observable		Unobservable
	Fair Value		Assets		Inputs		Inputs
(in thousands)	12/31/25		(Level 1)		(Level 2)		(Level 3)
Recurring:
Investment securities available-for-sale:
U.S. government agencies	$	1,404			$	1,404
Residential mortgage-backed agencies		22,855				22,855
Commercial mortgage-backed agencies		30,068				30,068
Collateralized mortgage obligations		27,390				27,390
Obligations of states and political subdivisions		8,525				8,525
Corporate bonds		907				907
Collateralized debt obligations		15,995					$	15,995
Equity investments not held for trading with readily determinable fair values		1,029	$	1,029
Financial derivatives		76				76
Non-recurring:
Collateral dependent loans		266						266
Other real estate owned		853						853

Schedule of Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

(in thousands)	Fair Value at March 31, 2026		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Recurring:
Investment securities – available for sale -CDO	$	16,229	Discounted Cash Flow	Discount Margin	Range of upper 200s to mid 400s

(in thousands)	Fair Value at December 31, 2025		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Recurring:
Investment securities – available for sale -CDO	$	15,995	Discounted Cash Flow	Discount Margin	Range of upper 200s to upper 400s
Non-recurring:
Collateral dependent loans	$	266	Market Comparable Properties	Marketability Discount	N/A
Other real estate owned (1)	$	853	Market Comparable Properties	Marketability Discount	15.0%

(1) Range would include discounts taken since appraisal and estimated values

Schedule of Reconciliation of Fair Valued Assets Measured on a Recurring Basis

	Fair Value Measurements
	Using Significant Unobservable Inputs
	(Level 3)
	Investment Securities
(in thousands)	Available for Sale
Beginning balance January 1, 2026	$	15,995
Total gains realized/unrealized:
Included in other comprehensive income		234
Ending balance March 31, 2026	$	16,229

	Fair Value Measurements
	Using Significant Unobservable Inputs
	(Level 3)
	Investment Securities
(in thousands)	Available for Sale
Beginning balance January 1, 2025	$	14,718
Total gains realized/unrealized:
Included in other comprehensive income		(21)
Ending balance March 31, 2025	$	14,697

Schedule of Fair Value by Balance Sheet Grouping

	March 31, 2026				Fair Value Measurements
					Quoted
					Prices in		Significant
					Active Markets		Other		Significant
					for Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
(in thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash and due from banks	$	89,220	$	89,220	$	89,220
Interest bearing deposits in banks		627		627		627
Investment securities - AFS		109,004		109,004			$	92,775	$	16,229
Investment securities - HTM		172,672		148,942				147,318		1,624
Equity securities not held for trading with readily determinable fair values		1,035		1,035		1,035
Restricted bank stock		1,621		N/A
Loans, net		1,505,003		1,473,348						1,473,348
Accrued interest receivable		7,289		7,289				1,579		5,710
Financial Liabilities:
Deposits - non-maturity		1,575,505		1,575,505				1,575,505
Deposits - time deposits		175,198		173,741				173,741
Short-term borrowed funds		19,588		19,588				19,588
Long-term borrowed funds		30,929		30,647				30,647
Accrued interest payable		531		531				531

	December 31, 2025				Fair Value Measurements
					Quoted
					Prices in		Significant
					Active Markets		Other		Significant
					for Identical		Observable		Unobservable
	Carrying		Fair		Assets		Inputs		Inputs
(in thousands)	Amount		Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets:
Cash and due from banks	$	129,830	$	129,830	$	129,830
Interest bearing deposits in banks		1,782		1,782		1,782
Investment securities - AFS		107,144		107,144			$	91,149	$	15,995
Investment securities - HTM		171,361		148,889				147,144		1,745
Equity investments not held for trading with readily determinable fair values		1,029		1,029		1,029
Restricted bank stock		4,630		N/A
Loans, net		1,501,758		1,469,463						1,469,463
Financial derivative		76		76				76
Accrued interest receivable		7,904		7,904				895		7,009
Financial Liabilities:
Deposits - non-maturity		1,534,191		1,534,191				1,534,191
Deposits - time deposits		200,958		199,967				199,967
Short-term borrowed funds		17,661		17,661				17,661
Long-term borrowed funds		95,929		95,775				95,775
Accrued interest payable		953		953				953