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Disclosures about Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following:

			December 31, 2024
			Carrying Amount						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Available for sale securities
U.S. Treasury and federal agencies			$	1,801					$	—					$	1,801					$	—
State and municipal			201,834						—						201,834						—
U.S. government agency mortgage-backed securities			14,543						—						14,543						—
Corporate notes			15,499						—						15,499						—
Total available for sale securities			233,677						—						233,677						—
Equity securities			595						595						—						—
Interest rate swap agreements asset			28,817						—						28,817						—
Commitments to originate mortgage loans			202						—						202						—
Mortgage loan contracts			27						—						27						—
Liabilities:
Interest rate swap agreements liability			(28,817)						—						(28,817)						—

			December 31, 2023
			Carrying Amount						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Available for sale securities
U.S. Treasury and federal agencies			$	64,377					$	—					$	64,377					$	—
State and municipal			304,030						—						304,030						—
U.S. government agency mortgage-backed securities			140,877						—						140,877						—
Corporate notes			37,967						—						37,967						—
Total available for sale securities			547,251						—						547,251						—
Equity securities (1)			628						628						—						—
Interest rate swap agreements asset			26,556						—						26,556						—
Commitments to originate mortgage loans			125						—						125						—
Mortgage loan contracts			33						—						33						—
Liabilities:
Interest rate swap agreements liability			(24,024)						—						(24,024)						—
(1) Prior period equity securities were included in available-for-sale. Updated to align with comparable period.

Schedule of Other Assets Measured at Fair Value on Nonrecurring Basis

Certain other assets are measured at fair value on a non-recurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment):

			Carrying Amount						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2024
Collateral dependent loans			$	3,797					$	—					$	—					$	3,797
December 31, 2023
Collateral dependent loans			$	2,918					$	—					$	—					$	2,918

Schedule of Qualitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements, Other than Goodwill

The following table presents qualitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at December 31, 2024 and 2023.

December 31, 2024

Carrying Amount

Valuation Technique

Unobservable Inputs

Range (Weighted Average)

Collateral dependent loans

$

3,797

Collateral based measurement

Discount to reflect current market conditions and ultimate collectability

16.1%–40.1% (36.6%)

December 31, 2023

Carrying Amount

Valuation Technique

Unobservable Inputs

Range (Weighted Average)

Collateral dependent loans

$

2,918

Collateral based measurement

Discount to reflect current market conditions and ultimate collectability

16.9%–34.2% (21.5%)

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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