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FAIR VALUE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of carrying amount and estimated fair value of financial instruments

															Fair Value Measurement Using
(Dollars in thousands)			Carrying Amount						Estimated Fair Value						Quoted Prices in Active  Markets for  Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2024
Financial assets:
Cash and due from financial institutions			$	77,774					$	77,774					$	77,774					$	—					$	—
Interest-bearing deposits in other financial institutions			303,167						303,167						303,167						—						—
Investment securities			1,334,588						1,244,339						59,498						1,177,994						6,847
Loans held for sale			5,662						5,662						—						5,662						—
Loans			5,332,852						4,916,765						—						—						4,916,765
Accrued interest receivable			23,378						23,378						462						4,607						18,309
Financial liabilities:
Deposits:
Noninterest-bearing deposits			1,888,937						1,888,937						1,888,937						—						—
Interest-bearing demand and savings deposits			3,667,889						3,667,889						3,667,889						—						—
Time deposits			1,087,185						1,079,275						—						—						1,079,275
Long-term debt			156,345						153,760						—						—						153,760
Accrued interest payable			10,051						10,051						113						—						9,938

																					Fair Value Measurement Using
(Dollars in thousands)			Notional Amount						Carrying Amount						Estimated Fair Value						Quoted Prices in Active  Markets for  Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2024
Off-balance sheet financial instruments:
Commitments to extend credit			$	1,219,537					$	—					$	1,167					$	—					$	1,167					$	—
Standby letters of credit and financial guarantees written			2,702						—						41						—						41						—
Derivatives:
Back-to-back swap agreements:
Assets			50,202						3,840						3,840						—						—						3,840
Liabilities			(50,202)						(3,840)						(3,840)						—						—						(3,840)
Interest rate lock commitments			469						(4)						(4)						—						(4)						—
Forward sale commitments			4,909						46						46						—						46						—
Risk participation agreements			35,183						—						—						—						—						—
Interest rate swap agreements			115,545						8,382						8,382						—						8,382						—

															Fair Value Measurement Using
(Dollars in thousands)			Carrying Amount						Estimated Fair Value						Quoted Prices in Active  Markets for  Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2023
Financial assets:
Cash and due from financial institutions			$	116,181					$	116,181					$	116,181					$	—					$	—
Interest-bearing deposits in other financial institutions			406,256						406,256						406,256						—						—
Investment securities			1,279,548						1,212,388						—						1,205,238						7,150
Loans held for sale			1,778						1,778						—						1,778						—
Loans			5,438,982						5,089,292						—						—						5,089,292
Accrued interest receivable			21,511						21,511						342						4,043						17,126
Financial liabilities:
Deposits:
Noninterest-bearing deposits			1,913,379						1,913,379						1,913,379						—						—
Interest-bearing demand and savings deposits			3,538,922						3,538,922						3,538,922						—						—
Time deposits			1,395,291						1,385,473						—						—						1,385,473
Long-term debt			156,102						153,073						—						—						153,073
Accrued interest payable			18,948						18,948						85						—						18,863

																					Fair Value Measurement Using
(Dollars in thousands)			Notional Amount						Carrying Amount						Estimated Fair Value						Quoted Prices in Active  Markets for  Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2023
Off-balance sheet financial instruments:
Commitments to extend credit			$	1,275,331					$	—					$	1,210					$	—					$	1,210					$	—
Standby letters of credit and financial guarantees written			3,301						—						50						—						50						—
Derivatives:
Back-to-back swap agreements:
Assets			51,059						3,547						3,547						—						—						3,547
Liabilities			(51,059)						(3,547)						(3,547)						—						—						(3,547)
Interest rate lock commitments			1,807						(34)						(34)						—						(34)						—
Risk participation agreements			36,022						—						—						—						—						—
Interest rate swap agreements			115,545						6,440						6,440						—						—						6,440

Schedule of balances of assets and liabilities measured at fair value on a recurring basis

The following tables below present the fair value of assets and liabilities measured on a recurring basis:

									Fair Value at Reporting Date Using
(Dollars in thousands)			Fair Value						Quoted Prices in Active  Markets for  Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2024
Available-for-sale investment securities:
Debt securities:
States and political subdivisions			$	116,833					$	—					$	110,668					$	6,165
Corporate securities			—						—						—						—
U.S. Treasury obligations and direct obligations of U.S Government agencies			81,200						59,498						21,702						—
Collateralized loan obligations			31,140												31,140						—
Mortgage-backed securities:
Residential - U.S. Government-sponsored enterprises			414,471						—						414,471						—
Residential - Non-government agencies			16,926						—						16,244						682
Commercial - U.S. Government-sponsored enterprises			67,161						—						67,161						—
Commercial - Non-government agencies			9,927						—						9,927						—
Total investment securities			737,658						59,498						671,313						6,847
Derivatives:
Interest rate lock commitments			(4)						—						(4)						—
Forward sale commitments			46						—						46						—
Interest rate swap agreements			8,382						—						8,382						—
Total derivatives			8,424						—						8,424						—
Total			$	746,082					$	59,498					$	679,737					$	6,847

									Fair Value at Reporting Date Using
(Dollars in thousands)			Fair Value						Quoted Prices in Active  Markets for  Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
December 31, 2023
Available-for-sale investment securities:
Debt securities:
States and political subdivisions			$	126,635					$	—					$	120,199					$	6,436
Corporate securities			31,414						—						31,414						—
U.S. Treasury obligations and direct obligations of U.S Government agencies			26,197						—						26,197						—
Mortgage-backed securities:
Residential - U.S. Government-sponsored enterprises			378,386						—						378,386						—
Residential - Non-government agencies			18,708						—						17,994						714
Commercial - U.S. Government-sponsored enterprises			50,914						—						50,914						—
Commercial - Non-government agencies			14,956						—						14,956						—
Total investment securities			647,210						—						640,060						7,150
Derivatives:
Interest rate lock commitments			(34)						—						(34)						—
Interest rate swap agreements			6,440						—						—						6,440
Total derivatives			6,406						—						(34)						6,440
Total			$	653,616					$	—					$	640,026					$	13,590

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

The following table presents changes in Level 3 financial assets and liabilities measured at fair value on a recurring basis for the

periods presented:

			Available-For-Sale Debt Securities:
(Dollars in thousands)			States and Political Subdivisions						Residential - Non-Government Agencies												Total
Balance as of December 31, 2022			$	6,584					$	684											$	7,268
Principal payments received			(232)						(23)												(255)
Unrealized net gain included in other comprehensive income			84						53												137
Balance as of December 31, 2023			6,436						714												7,150
Principal payments received			(241)						(24)												(265)
Unrealized net (loss) gain included in other comprehensive income			(30)						(8)												(38)
Balance as of December 31, 2024			$	6,165					$	682											$	6,847

X

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) whether recognized or not in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition and the measurements of those instruments, assets and liabilities. Such disclosures about the financial instruments, assets and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

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

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

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 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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