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FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on Recurring Basis

The following table summarizes assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024:

			Level 1						Level 2						Level 3						Total Fair Value Measurements
June 30, 2025
Financial Assets
Investment securities:
U.S. Treasury securities			$	18,641					$	—					$	—					$	18,641
U.S. Government Agencies			—						2,451						—						2,451
States and political subdivisions			—						190,301						5,650						195,951
GSE residential MBSs			—						194,608						—						194,608
GSE commercial MBSs			—						7,489						—						7,489
GSE residential CMOs			—						340,749						—						340,749
Non-agency CMOs			—						30,806						10,490						41,296
Asset-backed			—						81,996						—						81,996
Corporate debt			—						1,977						—						1,977
Other			215						—						—						215
Loans held for sale			—						5,206						—						5,206
Derivatives			—						14,781						55						14,836
Totals			$	18,856					$	870,364					$	16,195					$	905,415
Financial Liabilities
Derivatives			$	—					$	15,440					$	—					$	15,440
December 31, 2024
Financial Assets
Investment securities:
U.S. Treasury securities			$	18,063					$	—					$	—					$	18,063
U.S. Government Agencies			—						3,053						—						3,053
States and political subdivisions			—						193,756						6,272						200,028
GSE residential MBSs			—						151,548						—						151,548
GSE commercial MBSs			—						8,792						—						8,792
GSE residential CMOs			—						324,692						—						324,692
Non-agency CMOs			—						22,636						10,648						33,284
Asset-backed			—						88,103						—						88,103
Corporate debt			—						1,954						—						1,954
Other			194						—						—						194
Loans held for sale			—						6,614						—						6,614
Derivatives			—						13,431						20						13,451
Totals			$	18,257					$	814,579					$	16,940					$	849,776
Financial Liabilities
Derivatives			$	—					$	12,575					$	—					$	12,575

Level 3 Fair Value Measurement Activity

The following provides details of the Level 3 fair value measurement activity for the periods ended June 30, 2025 and 2024:

Investment securities:

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Balance, beginning of period			$	16,265					$	17,734					$	16,920					$	27,853
Unrealized (losses) gains included in OCI			(13)						(14)						(552)						82
Net discount accretion			19						16						32						33
Principal payments and other			(131)						(169)						(260)						(294)
Calls			—						—						—						(10,107)
Balance, end of period			$	16,140					$	17,567					$	16,140					$	17,567

Interest rate lock commitments on residential mortgages:

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Balance, beginning of period			$	113					$	56					$	20					$	55
Total (losses) gains included in earnings			(58)						15						35						16
Balance, end of period			$	55					$	71					$	55					$	71

Summary of Assets Measured at Fair Value on Nonrecurring Basis

The following table summarizes assets measured at fair value on a nonrecurring basis at June 30, 2025 and December 31, 2024:

			Level 1						Level 2						Level 3						Total Fair Value Measurements
June 30, 2025
Individually Evaluated Loans
Commercial real estate:
Owner occupied			$	—					$	—					$	1,052					$	1,052
Non-owner occupied residential			—						—						36						36
Acquisition and development:
Commercial and land development			—						—						832						832
Commercial and industrial			—						—						666						666
Residential mortgage:
First lien			—						—						221						221
Home equity - lines of credit			—						—						17						17
Installment and other loans			—						—						7						7
Total individually evaluated loans			$	—					$	—					$	2,831					$	2,831
December 31, 2024
Individually Evaluated Loans
Commercial real estate:
Owner occupied			$	—					$	—					$	997					$	997
Non-owner occupied residential			—						—						43						43
Acquisition and development:
Commercial and land development			—						—						932						932
Commercial and industrial			—						—						3,995						3,995
Residential mortgage:
First lien			—						—						213						213
Home equity - term			—						—						44						44
Home equity - lines of credit			—						—						25						25
Installment and other loans			—						—						3						3
Total individually evaluated loans			$	—					$	—					$	6,252					$	6,252

Summary of Additional Qualitative Information

The following table presents additional qualitative information about assets measured on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value:

Fair Value Estimate

Valuation Techniques

Unobservable Input (1)

Range

June 30, 2025

Individually evaluated loans

$

2,831

Appraisal of collateral

Management adjustments on appraisals for property type and recent activity

10.00% - 90.00% discount

- Management adjustments for liquidation expenses

8.28% - 65.04% discount

December 31, 2024

Individually evaluated loans

$

6,252

Appraisal of collateral

Management adjustments on appraisals for property type and recent activity

10.00% - 84.00% discount

- Management adjustments for liquidation expenses

5.81% - 16.07% discount

(1) Discount rates can vary due to factors such as costs that may be assumed by the Bank to liquidate the property in addition to adjustments to the appraised value of the collateral securing the loan. Adjustments may be applied to valuations deemed deficient to ensure the fair value is reasonable.

Carrying Amounts and Estimated Fair Values of Financial Instruments

The following table presents carrying amounts and estimated fair values of the financial assets and liabilities at June 30, 2025 and December 31, 2024:

			Carrying Amount						Fair Value						Level 1						Level 2						Level 3
June 30, 2025
Financial Assets
Cash and due from banks			$	54,335					$	54,335					$	54,335					$	—					$	—
Interest-bearing deposits with banks			95,042						95,042						95,042						—						—
Restricted investments in bank stock			21,204						n/a						n/a						n/a						n/a
Investment securities			885,373						885,373						18,856						850,377						16,140
Loans held for sale			5,206						5,206						—						5,206						—
Loans, net of allowance for credit losses			3,883,481						3,833,522						—						—						3,833,522
Derivatives			14,836						14,836						—						14,781						55
Accrued interest receivable			19,958						19,958						—						5,129						14,829
Financial Liabilities
Deposits			4,516,625						4,514,733						—						4,514,733						—
Securities sold under agreements to repurchase and federal funds purchased			30,047						30,047						—						30,047						—
FHLB advances and other borrowings			136,334						136,146						—						136,146						—
Subordinated notes and trust preferred debt			69,021						68,983						—						68,983						—
Derivatives			15,440						15,440						—						15,440						—
Accrued interest payable			2,358						2,358						—						2,358						—
Off-balance sheet instruments			—						—						—						—						—
December 31, 2024
Financial Assets
Cash and due from banks			$	51,026					$	51,026					$	51,026					$	—					$	—
Interest-bearing deposits with banks			197,848						197,848						197,848						—						—
Restricted investments in bank stock			20,232						n/a						n/a						n/a						n/a
Investment securities			829,711						829,711						18,257						794,534						16,920
Loans held for sale			6,614						6,614						—						6,614						—
Loans, net of allowance for loan losses			3,882,525						3,783,097						—						—						3,783,097
Derivatives			13,451						13,451						—						13,431						20
Accrued interest receivable			21,058						21,058						—						5,361						15,697
Financial Liabilities
Deposits			4,623,096						4,621,081						—						4,621,081						—
Securities sold under agreements to repurchase			25,863						25,863						—						25,863						—
FHLB advances and other borrowings			115,364						114,851						—						114,851						—
Subordinated notes and trust preferred debt			68,680						67,597						—						67,597						—
Derivatives			12,575						12,575						—						12,575						—
Accrued interest payable			2,924						2,924						—						2,924						—
Off-balance sheet instruments			—						—						—						—						—

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- Definition

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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).

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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).

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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.

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