Investment Securities (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Value of Debt Securities Available-for-Sale

The amortized cost and fair value of debt securities classified as available-for-sale at March 31, 2025 and December 31, 2024 were as follows:

			Gross Unrealized
(dollars in thousands)	Total Amortized Cost		Gains		Losses		Fair Value
March 31, 2025
U.S. Treasury	$	4,940	$	65	$	—	$	5,005
U.S. government and federal agency obligations	382		—		(4)		378
U.S. government-sponsored enterprises	13,015		34		(188)		12,861
Obligations of states and political subdivisions	122,059		—		(24,577)		97,482
Mortgage-backed securities
Residential	68,942		335		(3,048)		66,229
Commercial	16,095		16		(2,291)		13,820
Other debt securities (a)	23,148		131		(671)		22,608
Bank issued trust preferred securities (a)	1,486		—		(222)		1,264
Total available-for-sale securities	$	250,067	$	581	$	(31,001)	$	219,647
December 31, 2024
U.S. Treasury	$	4,937	$	—	$	(22)	$	4,915
U.S. government and federal agency obligations	408		—		(7)		401
U.S. government-sponsored enterprises	13,020		11		(227)		12,804
Obligations of states and political subdivisions	125,559		7		(23,080)		102,486
Mortgage-backed securities
Residential	68,346		59		(4,034)		64,371
Commercial	16,383		—		(2,644)		13,739
Other debt securities (a)	19,419		49		(781)		18,687
Bank issued trust preferred securities (a)	1,486		—		(237)		1,249
Total available-for-sale securities	$	249,558	$	126	$	(31,032)	$	218,652

(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.

Schedule of Amortized Cost and Fair Value of Debt Securities Classified as Available-for-Sale by Contractual Maturity

Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties.

(dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	3,297	$	3,300
Due after one year through five years	22,112		21,710
Due after five years through ten years	40,679		37,694
Due after ten years	98,942		76,894
Total	$	165,030	$	139,598
Mortgage-backed securities	85,037		80,049
Total available-for-sale securities	$	250,067	$	219,647

Schedule of Other Securities

Investments in FHLB stock, and Midwest Independent BankersBank ("MIB") stock, that do not have readily determinable fair values, are required for membership in those organizations.

(dollars in thousands)	March 31, 2025		December 31, 2024
Other securities:
FHLB stock	$	6,711	$	4,924
MIB stock	151		151
Equity securities with readily determinable fair values	72		74
Total other investment securities	$	6,934	$	5,149

Schedule of Gross Unrealized Losses on Debt Securities and Fair Value of Related Securities Aggregated by Investment Category and Length of Time that Individual Securities have been in a Continuous Unrealized Loss Position

Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2025 and December 31, 2024 were as follows:

	Less than 12 months				12 months or more
(dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Total Fair Value		Total Unrealized Losses
March 31, 2025
U.S. government and federal agency obligations	$	—	$	—	$	378	$	(4)	$	378	$	(4)
U.S. government-sponsored enterprises	—		—		1,812		(188)		1,812		(188)
Obligations of states and political subdivisions	2,967		(203)		94,515		(24,374)		97,482		(24,577)
Mortgage-backed securities
Residential	6,356		(32)		23,014		(3,016)		29,370		(3,048)
Commercial	2,258		(14)		10,191		(2,277)		12,449		(2,291)
Other debt securities	7,361		(117)		9,271		(554)		16,632		(671)
Bank issued trust preferred securities	—		—		1,264		(222)		1,264		(222)
Total	$	18,942	$	(366)	$	140,445	$	(30,635)	$	159,387	$	(31,001)
(dollars in thousands)
December 31, 2024
U.S. Treasury	$	4,915	$	(22)	$	—	$	—	$	4,915	$	(22)
U.S. government and federal agency obligations	—		—		401		(7)		401		(7)
U.S. government-sponsored enterprises	996		(5)		1,778		(222)		2,774		(227)
Obligations of states and political subdivisions	2,791		(163)		98,442		(22,917)		101,233		(23,080)
Mortgage-backed securities
Residential	34,179		(435)		23,453		(3,599)		57,632		(4,034)
Commercial	3,580		(128)		10,159		(2,516)		13,739		(2,644)
Other debt securities	4,900		(58)		9,101		(723)		14,001		(781)
Bank issued trust preferred securities	—		—		1,249		(237)		1,249		(237)
Total	$	51,361	$	(811)	$	144,583	$	(30,221)	$	195,944	$	(31,032)