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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Recorded at Fair Value on a Recurring Basis
Fair Value Measurements
(dollars in thousands)Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
March 31, 2025
Assets:
U.S. Treasury$5,005 $5,005 $— $— 
U.S. government and federal agency obligations378 — 378 — 
U.S. government-sponsored enterprises12,86112,861
Obligations of states and political subdivisions97,48297,482
Mortgage-backed securities
Residential66,22966,229
Commercial13,82013,820
Other debt securities22,60822,608
Bank-issued trust preferred securities1,2641,264
Equity securities7272
Derivative instruments, interest rate swaps222 222 
Loans held for sale224224
Total$220,165 $5,077 $215,088 $— 
Liabilities:
Derivative instruments, interest rate swaps$268 $— $268 $— 
Total$268 $— $268 $— 
December 31, 2024
Assets:
U.S. Treasury$4,915 $4,915 $— $— 
U.S. government and federal agency obligations401401
U.S. government-sponsored enterprises12,80412,804
Obligations of states and political subdivisions102,486102,486
Mortgage-backed securities
Residential64,37164,371
Commercial13,739 — 13,739 
Other debt securities18,68718,687
Bank-issued trust preferred securities1,2491,249
Equity securities7474
Derivative instruments, interest rate swaps66 — 66 — 
Total$218,792 $4,989 $213,803 $— 
Liabilities:
Derivative instruments, interest rate swaps$89 $— $89 $— 
Total$89 $— $89 $— 
Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis
The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Mortgage Servicing RightsInterest Rate Lock Commitments
Three Months Ended March 31,
(dollars in thousands)2025202420252024
Balance at beginning of period$$1,738$$41
Total gains or (losses) (realized/unrealized):
Included in earnings(59)— (9)
Included in other comprehensive income
Purchases
Sales (1)
(1,552)(41)
Issues— 045
Balance at end of period$$127$$36
(1) The Company sold its servicing portfolio on January 31, 2024.
Schedule of Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis
Fair Value Measurements Using
(dollars in thousands)Total Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Three Months Ended March 31, Total Gains (Losses)*
March 31, 2025
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural$641 $641 $— 
Real estate construction − residential260260— 
Real estate mortgage - commercial65 — — 65 — 
Total$966 $— $— $966 $— 
Other real estate and repossessed assets$— $— $— $— $— 
March 31, 2024
Assets:
Collateral dependent impaired loans:
Commercial, financial, & agricultural$343 $— $— $343 $— 
Real estate construction − residential260 — — 260 — 
Real estate mortgage - residential21 — — 21 — 
Real estate mortgage - commercial3,163 — — 3,163 (23)
Total$3,787 $— $— $3,787 $(23)
Other real estate and repossessed assets$1,937 $— $— $1,937 $34 
*Total gains (losses) reported for other real estate and foreclosed assets include charge-offs, valuation write downs, and net losses taken during the periods reported.