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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

			September 30, 2025
			Total						Level 1						Level 2						Level 3
Debt securities available for sale
MBS, residential			$	139,245					$	—					$	139,245					$	—
Municipal bonds			1,888						—						1,888						—
Corporate bonds			4,549						—						4,549						—
Total debt securities available for sale			$	145,682					$	—					$	145,682					$	—
Loans held for sale			$	7,907					$	—					$	7,907					$	—

			December 31, 2024
			Total						Level 1						Level 2						Level 3
Debt securities available for sale
MBS, residential			$	144,147					$	—					$	144,147					$	—
Municipal bonds			3,396						—						3,396						—
Corporate bonds			4,468						—						4,468						—
Total debt securities available for sale			$	152,011					$	—					$	152,011					$	—
Loans held for sale			$	4,144					$	—					$	4,144					$	—

Fair Value Measurements, Nonrecurring

The following tables present financial assets measured at fair value on a non-recurring basis at the dates indicated:

			September 30, 2025
			Total						Level 1						Level 2						Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – non-owner occupied			$	963					$	—					$	—					$	963
Commercial loans
Commercial and industrial			969						—						—						969
Equipment finance			1,932						—						—						1,932
Total			$	3,864					$	—					$	—					$	3,864

			December 31, 2024
			Total						Level 1						Level 2						Level 3
Collateral dependent loans
Commercial real estate loans
Commercial real estate – owner occupied			$	505					$	—					$	—					$	505
Commercial real estate – non-owner occupied			546						—						—						546
Commercial loans
Commercial and industrial			296						—						—						296
Equipment finance			346						—						—						346
Total			$	1,693					$	—					$	—					$	1,693

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of September 30, 2025 and December 31, 2024 are summarized below:

			September 30, 2025
			Carrying Value						Fair Value						Level 1						Level 2						Level 3
Assets
Cash and cash equivalents			$	315,830					$	315,830					$	315,830					$	—					$	—
Certificates of deposit in other banks			20,833						20,833						—						20,833						—
Debt securities available for sale, at fair value			145,682						145,682						—						145,682						—
Loans held for sale, at fair value			7,907						7,907						7,907						—						—
Loans held for sale, at the lower of cost or fair value			189,047						191,712						—						—						191,712
Loans, net			3,600,533						3,535,777						—						—						3,535,777
Accrued interest receivable			17,077						17,077						214						579						16,284
Liabilities
Noninterest-bearing and NOW deposits			1,227,306						1,227,306						—						1,227,306						—
Money market accounts			1,343,008						1,343,008						—						1,343,008						—
Savings accounts			172,883						172,883						—						172,883						—
Certificates of deposit			955,030						954,221						—						954,221						—
Junior subordinated debt			10,195						9,929						—						9,929						—
Borrowings			230,000						230,050						—						230,050						—
Accrued interest payable			4,415						4,415						—						4,415						—

			December 31, 2024
			Carrying Value						Fair Value						Level 1						Level 2						Level 3
Assets
Cash and cash equivalents			$	279,219					$	279,219					$	279,219					$	—					$	—
Certificates of deposit in other banks			28,538						28,538						—						28,538						—
Debt securities available for sale, at fair value			152,011						152,011						—						152,011						—
Loans held for sale, at fair value			4,144						4,144						4,144						—						—
Loans held for sale, at the lower of cost or fair value			202,018						204,122						—						—						204,122
Loans, net			3,603,014						3,498,929						—						—						3,498,929
Accrued interest receivable			18,336						18,336						65						701						17,570
Liabilities
Noninterest-bearing and NOW deposits			1,256,164						1,256,164						—						1,256,164						—
Money market accounts			1,341,995						1,341,995						—						1,341,995						—
Savings accounts			181,317						181,317						—						181,317						—
Certificates of deposit			999,727						998,856						—						998,856						—
Junior subordinated debt			10,120						9,914						—						9,914						—
Borrowings			188,000						188,000						—						188,000						—
Accrued interest payable			9,578						9,578						—						9,578						—

X

- 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://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
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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

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-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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