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FAIR VALUE (Tables)

9 Months Ended

Sep. 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 September 30, 2025 and December 31, 2024:

			Level 1						Level 2						Level 3						Total Fair Value Measurements
September 30, 2025
Financial Assets
Investment securities:
U.S. Treasury securities			$	18,803					$	—					$	—					$	18,803
U.S. Government Agencies			—						2,021						—						2,021
States and political subdivisions			—						194,444						5,669						200,113
GSE residential MBSs			—						175,128						—						175,128
GSE commercial MBSs			—						6,599						—						6,599
GSE residential CMOs			—						358,186						—						358,186
Non-agency CMOs			—						36,793						10,332						47,125
Asset-backed			—						80,167						—						80,167
Corporate debt			—						1,994						—						1,994
Other			221						—						—						221
Loans held for sale			—						6,026						—						6,026
Derivatives			—						15,236						89						15,325
Totals			$	19,024					$	876,594					$	16,090					$	911,708
Financial Liabilities
Derivatives			$	—					$	15,952					$	—					$	15,952
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

Summary of Level 3 Fair Value Measurement Activity

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

Investment securities:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Balance, beginning of period			$	16,140					$	17,567					$	16,920					$	27,853
Unrealized gains (losses) included in OCI			60						649						(492)						731
Net discount accretion			17						17						49						50
Principal payments and other			(216)						(134)						(476)						(428)
Calls			—						—						—						(10,107)
Balance, end of period			$	16,001					$	18,099					$	16,001					$	18,099

Interest rate lock commitments on residential mortgages:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Balance, beginning of period			$	55					$	71					$	20					$	55
Total gains included in earnings			34						47						69						63
Balance, end of period			$	89					$	118					$	89					$	118

Summary of Assets Measured at Fair Value on Nonrecurring Basis

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

			Level 1						Level 2						Level 3						Total Fair Value Measurements
September 30, 2025
Individually Evaluated Loans
Commercial real estate:
Owner occupied			$	—					$	—					$	1,732					$	1,732
Non-owner occupied residential			—						—						34						34
Acquisition and development:
Commercial and land development			—						—						832						832
Commercial and industrial			—						—						648						648
Residential mortgage:
First lien			—						—						920						920
Home equity - lines of credit			—						—						52						52
Installment and other loans			—						—						—						—
Total individually evaluated loans			$	—					$	—					$	4,218					$	4,218
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

September 30, 2025

Individually evaluated loans

$

4,218

Appraisal of collateral

Management adjustments on appraisals for property type and recent activity

10.00% - 84.00% discount

- Management adjustments for liquidation expenses

8.28% - 65.13% 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.

Summary of 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 September 30, 2025 and December 31, 2024:

			Carrying Amount						Fair Value						Level 1						Level 2						Level 3
September 30, 2025
Financial Assets
Cash and due from banks			$	60,970					$	60,970					$	60,970					$	—					$	—
Interest-bearing deposits with banks			123,176						123,176						123,176						—						—
Restricted investments in bank stock			24,111						n/a						n/a						n/a						n/a
Investment securities			890,357						890,357						19,024						855,332						16,001
Loans held for sale			6,026						6,026						—						6,026						—
Loans, net of allowance for credit losses			3,931,631						3,891,032						—						—						3,891,032
Derivatives			15,325						15,325						—						15,236						89
Accrued interest receivable			20,443						20,443						—						4,672						15,771
Financial Liabilities
Deposits			4,533,560						4,531,986						—						4,531,986						—
Securities sold under agreements to repurchase and federal funds purchased			32,501						32,501						—						32,501						—
FHLB advances and other borrowings			209,218						209,092						—						209,092						—
Subordinated notes and trust preferred debt			36,970						38,313						—						38,313						—
Derivatives			15,952						15,952						—						15,952						—
Accrued interest payable			3,055						3,055						—						3,055						—
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

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.

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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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