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Disclosures About Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Disclosures About Fair Value of Financial Instruments

Schedule of fair value measurements of assets recognized in the accompanying statements of financial condition measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements


					Fair Value Measurements Using
					Quoted Prices
					in Active
					Markets			Other			Significant
					for Identical			Observable			Unobservable
					Assets			Inputs			Inputs
		Fair Value			(Level 1)			(Level 2)			(Level 3)

		(In Thousands)

December 31, 2024
Available-for-sale securities
Agency mortgage-backed securities		$	305,907		$	—		$	305,907		$	—
Agency collateralized mortgage obligations			113,624			—			113,624			—
States and political subdivisions securities			55,948			—			55,948			—
Small Business Administration securities			57,894			—			57,894			—
Interest rate derivative asset			8,065			—			8,065			—
Interest rate derivative liability			(25,000)			—			(25,000)			—

December 31, 2023
Available-for-sale securities
Agency mortgage-backed securities		$	280,231		$	—		$	280,231		$	—
Agency collateralized mortgage obligations			75,946			—			75,946			—
States and political subdivisions securities			58,137			—			58,137			—
Small Business Administration securities			63,893			—			63,893			—
Interest rate derivative asset			8,205			—			8,205			—
Interest rate derivative liability			(25,336)			—			(25,336)			—

Schedule of fair value measurements of assets measured at fair value on a nonrecurring basis


		Fair Value Measurements Using
					Quoted
					Prices
					in Active
					Markets			Other			Significant
					for Identical			Observable			Unobservable
					Assets			Inputs			Inputs
		Fair Value			(Level 1)			(Level 2)			(Level 3)

		(In Thousands)
December 31, 2024
Collateral-dependent loans		$	701		$	—		$	—		$	701

December 31, 2023
Collateral-dependent loans		$	7,372		$	—		$	—		$	7,372

Schedule of estimated fair values of the Company's financial instruments not recorded at fair value on the statements of financial condition


		December 31, 2024								December 31, 2023
		Carrying			Fair			Hierarchy		Carrying			Fair			Hierarchy
		Amount			Value			Level		Amount			Value			Level

		(Dollars in Thousands)

Financial assets
Cash and cash equivalents		$	195,756		$	195,756		1		$	211,333		$	211,333		1
Held-to-maturity securities			187,433			162,765		2			195,023			171,193		2
Mortgage loans held for sale			6,937			6,937		2			5,849			5,849		2
Loans, net of allowance for credit losses			4,690,393			4,529,729		3			4,589,620			4,402,314		3
Interest receivable			20,430			20,430		3			21,206			21,206		3
Investment in FHLB stock and other assets			28,392			28,392		3			26,313			26,313		3

Financial liabilities
Deposits			4,605,549			4,602,312		3			4,721,708			4,714,624		3
Short-term borrowings			578,691			578,691		3			323,453			323,453		3
Subordinated debentures			25,774			25,774		3			25,774			25,774		3
Subordinated notes			74,876			74,438		2			74,579			71,625		2
Interest payable			12,761			12,761		3			6,225			6,225		3

Unrecognized financial instruments (net of contractual value)
Commitments to originate loans			—			—		3			—			—		3
Letters of credit			72			72		3			78			78		3
Lines of credit			—			—		3			—			—		3