Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis


		Year Ended December 31, 2024
	Securities available-for-sale
			States and		Mortgage
	Asset-backed		Political		Servicing
	Securities		Subdivisions		Rights
Beginning balance January 1, 2024	$	2,270	$	13,059	$	10,344
Transfers out of Level 3		-		-		-
Total gains or losses
Included in earnings		-		(125)		(160)
Included in other comprehensive income		(69)		(444)		-
Purchases, issuances, sales, and settlements
Purchases		1,209		-		-
Issuances		-		-		753
Settlements		(156)		(594)		(563)
Ending balance December 31, 2024	$	3,254	$	11,896	$	10,374


		Year Ended December 31, 2023
		Securities available-for-sale
			Collateralized		States and		Mortgage
	Asset-backed		Mortgage		Political		Servicing
	Securities		Obligations		Subdivisions		Rights
Beginning balance January 1, 2023	$	16,740	$	6,770	$	12,501	$	11,189
Transfers into Level 3		-		-		-		-
Transfers out of Level 3		(14,885)		(6,764)		-		-
Total gains or losses
Included in earnings		(11)		-		(135)		(924)
Included in other comprehensive income		239		(6)		998		-
Purchases, issuances, sales, and settlements
Purchases		782		-		-		-
Issuances		-		-		-		580
Settlements		(595)		-		(305)		(501)
Ending balance December 31, 2023	$	2,270	$	-	$	13,059	$	10,344

Schedule of assets measured at fair value on a nonrecurring basis


	December 31, 2024
	Level 1		Level 2		Level 3		Total
Individually evaluated loans¹	$	-	$	-	$	19,058	$	19,058
Other real estate owned, net²		-		-		21,617		21,617
Total	$	-	$	-	$	40,675	$	40,675

1

Represents carrying value and related write-downs of loans for which adjustments are substantially based on the appraised value of collateral for collateral-dependent loans and to a lesser extent the discounted cash flow, had a carrying amount of $26.2 million and a valuation allowance of $7.2 million, resulting in a decrease of specific allocations within the provision for credit losses of $3.9 million for the year ending December 31, 2024.

2	OREO is measured at the lower of carrying or fair value less costs to sell, and had a net carrying amount of $21.6 million, which is made up of the outstanding balance of $23.5 million, net of a valuation allowance of $1.9 million, at December 31, 2024.


	December 31, 2023
	Level 1		Level 2		Level 3		Total
Individually evaluated loans¹	$	-	$	-	$	66,180	$	66,180
Other real estate owned, net²		-		-		5,123		5,123
Total	$	-	$	-	$	71,303	$	71,303

1

Represents carrying value and related write-downs of loans for which adjustments are substantially based on the appraised value of collateral for collateral-dependent loans and to a lesser extent the discounted cash flow, had a carrying amount of $77.3 million and a valuation allowance of $11.1 million, resulting in an increase of specific allocations within the provision for credit losses of $6.5 million for the year ending December 31, 2023.

2	OREO is measured at the lower of carrying or fair value less costs to sell, and had a net carrying amount of $5.1 million, which is made up of the outstanding balance of $5.2 million, net of a valuation allowance of $118,000 at December 31, 2023.