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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Fair Value Assets and Liabilities Measured on Nonrecurring Basis Valuation Techniques |
($ in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
September 30, 2025 |  |  |  |  |  |  |  |
IRLCs – net asset |  | $ | 215 |  |  | Market Approach |  | Range of pull through rate |  | 79% - 100%
|  |  |  |  |  | Average pull through rate |  | 89%
($ in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range
December 31, 2024 |  |  |  |  |  |  |  |
IRLCs – net asset |  | $ | 113 |  |  | Market Approach |  | Range of pull through rate |  | 78% - 100%
|  |  |  |  |  | Average pull through rate |  | 89%
Summary of Derivative Asset at Fair Value | The following table presents activity in the IRLCs – net asset for the three and nine months ended September 30, 2025.
($ in thousands) |  | Three Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2025
Beginning balance |  | $ | 426 |  |  | $ | 113 |
Valuation adjustment |  | (211) |  |  | 102 |
Ending balance |  | $ | 215 |  |  | $ | 215 |
Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis | The following tables present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2025 and December 31, 2024. No assets were transferred from one hierarchy level to another during the nine months ended September 30, 2025 or 2024.
($ in thousands) |  | Fair Value |  | Quoted Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
September 30, 2025 |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |
U.S. government agency securities |  | $ | 20,565 |  |  | $ | — |  |  | $ | 20,565 |  |  | $ | — |
Mortgage-backed securities |  | 156,442 |  |  | — |  |  | 156,442 |  |  | — |
Other debt securities |  | 4,713 |  |  | — |  |  | 4,713 |  |  | — |
Total available for sale securities |  | 181,720 |  |  | — |  |  | 181,720 |  |  | — |
Equity securities |  | 6,113 |  |  | — |  |  | 6,113 |  |  | — |
TBA forward trades |  | 38 |  |  | — |  |  | 38 |  |  | — |
Loans held for sale |  | 21,500 |  |  | — |  |  | 21,500 |  |  | — |
IRLCs |  | 216 |  |  | — |  |  | — |  |  | 216 |
Total assets at fair value |  | $ | 209,587 |  |  | $ | — |  |  | $ | 209,371 |  |  | $ | 216 |
Liabilities: |  |  |  |  |  |  |  |
IRLCs |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
TBA forward trades |  | 47 |  |  | — |  |  | 47 |  |  | — |
Total liabilities at fair value |  | $ | 48 |  |  | $ | — |  |  | $ | 47 |  |  | $ | 1 |
($ in thousands) |  | Fair Value |  | Quoted Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
December 31, 2024 |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |
U.S. government agency securities |  | $ | 20,202 |  |  | $ | — |  |  | $ | 20,202 |  |  | $ | — |
Mortgage-backed securities |  | 122,384 |  |  | — |  |  | 122,384 |  |  | — |
Other debt securities |  | 6,626 |  |  | — |  |  | 6,626 |  |  | — |
Total available for sale securities |  | 149,212 |  |  | — |  |  | 149,212 |  |  | — |
Equity securities |  | 5,814 |  |  | — |  |  | 5,814 |  |  | — |
TBA forward trades |  | 164 |  |  | — |  |  | 164 |  |  | — |
Loans held for sale |  | 19,606 |  |  | — |  |  | 19,606 |  |  | — |
IRLCs |  | 113 |  |  | — |  |  | — |  |  | 113 |
Total assets at fair value |  | $ | 174,909 |  |  | $ | — |  |  | $ | 174,796 |  |  | $ | 113 |
Liabilities: |  |  |  |  |  |  |  |
TBA forward trades |  | $ | 23 |  |  | $ | — |  |  | $ | 23 |  |  | $ | — |
Total liabilities at fair value |  | $ | 23 |  |  | $ | — |  |  | $ | 23 |  |  | $ | — |
Summary of Fair Value of Assets Measured on Nonrecurring Basis | The following tables set forth the Company’s assets subject to fair value adjustments (impairment) on a nonrecurring basis at September 30, 2025 and December 31, 2024 that are valued at lower of cost or market. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
|  | Quantitative Information about Level 3 Fair Value Measurements
($ in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted-Average
September 30, 2025 |  |  |  |  |  |  |  |  |  |
Nonrecurring measurements: |  |  |  |  |  |  |  |  |  |
Individually evaluated collateral dependent loan |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 6,781 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) Liquidation expense(2) |  | 1% - 61% 10% |  | 26% 10%
Residential real estate |  | 456 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) Liquidation expense(2) |  | 54% 10% |  | 3% 10%
Commercial |  | 112 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) Liquidation expense(2) |  | 100% 10% |  | 2% 10%
Other real estate owned |  | 120 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) |  | N/A |  | 0%
Repossessed assets |  | 3,432 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) |  | N/A |  | 56%
|  | Quantitative Information about Level 3 Fair Value Measurements
($ in thousands) |  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted-Average
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Nonrecurring measurements: |  |  |  |  |  |  |  |  |  |
Individually evaluated collateral dependent loan |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 2,220 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) Liquidation expense(2) |  | 62% 10% |  | 38% 10%
Residential real estate |  | 817 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) Liquidation expense(2) |  | 55% - 100% 10% |  | 17% 10%
Consumer |  | 624 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) Liquidation expense(2) |  | 80% - 86% 10% |  | 15% 10%
Other real estate owned |  | 179 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) |  | N/A |  | 0%
Repossessed assets |  | 3,315 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) |  | N/A |  | 39%
Assets held for sale |  | 900 |  |  | Appraisal of collateral(1) |  | Appraisal adjustment(2) |  | N/A |  | 0%
_________________________________ (1)Unobservable inputs were weighted by the relative fair value of the instruments. No range is presented only when one instrument was available. (2)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

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- 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 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- 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 + Details
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