Schedule of fair value of assets measured on a non-recurring basis

Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows:


			Quoted Prices
			In Active		Significant
	Assets		Markets		Other		Significant
	Measured		for Identical		Observable		Unobservable
	At Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
March 31, 2024
OREO	$	2,674	$	—	$	—	$	2,674
Loans individually evaluated, net of reserve		9,482		—		—		9,482
	$	12,156	$	—	$	—	$	12,156

December 31, 2023
OREO	$	2,573	$	—	$	—	$	2,573
Loans individually evaluated, net of reserve		9,242		—		—		9,242
	$	11,815	$	—	$	—	$	11,815

Schedule of carrying value and estimated fair value of financial instruments

The carrying value and estimated fair value of financial instruments not measured and reported at fair value on a recurring or non-recurring basis at March 31, 2024 and December 31, 2023 are as follows:


	Carrying
March 31, 2024	amount		Level 1		Level 2		Level 3		Total

Financial assets:
Cash and cash equivalents	$	83,374	$	83,374	$	—	$	—	$	83,374
Securities held to maturity		111,732		107,006		3,861		—		110,867
Loans held for sale		1,293		—		—		1,293		1,293
Loans, net		3,339,017		—		—		3,190,622		3,190,622
Other investments		21,290		—		—		21,290		21,290
Mortgage servicing rights		13,356		—		13,356		—		13,356
Financial liabilities:
Deposits	$	3,416,039	$	—	$	—	$	3,138,967	$	3,138,967
Notes payable		35,295		—		35,295		—		35,295
Subordinated notes		12,000		—		12,000		—		12,000


	Carrying
December 31, 2023	amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	247,468	$	247,468	$	—	$	—	$	247,468
Securities held to maturity		103,324		99,475		4,151		—		103,626
Loans held for sale		3,012		—		—		3,012		3,012
Loans, net		3,299,365		—		—		3,168,749		3,168,749
Other investments		21,366		—		—		21,366		21,366
Mortgage servicing rights		13,668		—		13,668		—		13,668
Financial liabilities:
Deposits	$	3,432,920		—		—		3,153,512		3,153,512
Securities sold under repurchase agreements		75,747		—		75,747		—		75,747
Notes payable		35,270		—		35,270		—		35,270
Subordinated notes		12,000		—		12,000		—		12,000
Junior subordinated debentures		4,124		—		4,124		—		4,124