XML 43 R33.htm IDEA: XBRL DOCUMENT

Fair value estimates (Tables)

9 Months Ended

Sep. 30, 2025

Fair value estimates

Schedule of assets and liabilities measured at fair value on a recurring basis


		At September 30, 2025
		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
(Dollars in thousands)		Amount			(Level 1)			(Level 2)			(Level 3)
U.S. Treasury securities		$	128,507		$	128,507		$			$
State and municipals:
Taxable			61,198						61,198
Tax-exempt			83,786						83,786
Residential mortgage-backed securities:
U.S. government agencies			10,104						10,104
U.S. government-sponsored enterprises			159,696						159,696
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			1,888						1,888
Private collateralized mortgage obligations			45,425						45,425
Asset backed securities			19,283						19,283
Corporate debt securities			23,907						21,935			1,972
Negotiable certificates of deposit			727						727
Common equity securities			2,473			2,473
Total investment securities		$	536,994		$	130,980		$	404,042		$	1,972
Interest rate swap-other assets		$	15,708					$	15,708
Interest rate swap-other liabilities		$	(15,470)					$	(15,470)


		At December 31, 2024
		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
(Dollars in thousands)		Amount			(Level 1)			(Level 2)			(Level 3)
U.S. Treasury securities		$	167,551		$	167,551		$			$
State and municipals:
Taxable			68,899						68,899
Tax-exempt			66,117						66,117
Residential mortgage-backed securities:
U.S. government agencies			1,376						1,376
U.S. government-sponsored enterprises			126,376						126,376
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			1,856						1,856
Private collateralized mortgage obligations			38,572						38,572
Asset backed securities			23,252						23,252
Corporate debt securities			31,621						26,999			4,622
Negotiable certificates of deposit			709						709
Common equity securities			2,430			2,430
Total investment securities		$	528,759		$	169,981		$	354,156		$	4,622
Interest rate swap-other assets		$	20,537					$	20,537
Interest rate swap-other liabilities		$	(20,151)					$	(20,151)

Schedule of assets and liabilities measured at fair value on a nonrecurring basis


		September 30, 2025
		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
(Dollars in thousands)		Amount			(Level 1)			(Level 2)			(Level 3)
Loans individually evaluated for credit loss		$	14,236		$			$			$	14,236
Other real estate owned		$	2,685		$			$			$	2,685


		December 31, 2024
		Fair Value Measurement Using
					Quoted Prices in			Significant Other			Significant
					Active Markets for			Observable			Unobservable
					Identical Assets			Inputs			Inputs
(Dollars in thousands)		Amount			(Level 1)			(Level 2)			(Level 3)
Loans individually evaluated for credit loss		$	22,164		$			$			$	22,164
Other real estate owned		$	738		$			$			$	738

Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis


		September 30, 2025
		Quantitative Information about Level 3 Fair Value Measurements
		Fair Value							Range
(Dollars in thousands, except percents)		Estimate			Valuation Techniques		Unobservable Input		(Weighted Average)
Loans individually evaluated for credit loss		$	14,236		Appraisal of collateral		Appraisal adjustments		5.0% to 94.0% (57.5)%
							Liquidation expenses		3.0% to 6.0% (5.5)%
Other real estate owned		$	2,685		Appraisal of collateral		Appraisal adjustments		0.0% to 10.0% (2.9)%
							Liquidation expenses		0.0% to 6.0% (0.0)%


		December 31, 2024
		Quantitative Information about Level 3 Fair Value Measurements
		Fair Value							Range
(Dollars in thousands, except percents)		Estimate			Valuation Techniques		Unobservable Input		(Weighted Average)
Loans individually evaluated for credit loss		$	22,164		Appraisal of collateral		Appraisal adjustments		3.0% to 111.9% (59.6)%
							Liquidation expenses		0.0% to 6.0% (5.6)%
Other real estate owned		$	738		Appraisal of collateral		Appraisal adjustments		0.0% to 10.0% (9.7)%
							Liquidation expenses		3.0% to 6.0% (5.0)%

Schedule of carrying and fair values of financial instruments


								September 30, 2025
								Fair Value Hierarchy
								Quoted
								Prices in
								Active			Significant
								Markets for			Other			Significant
								Identical			Observable			Unobservable
		Carrying			Fair			Assets			Inputs			Inputs
(Dollars in thousands)		Value			Value			(Level 1)			(Level 2)			(Level 3)
Financial assets:
Cash and due from banks		$	179,923		$	179,923		$	179,923		$			$
Investment securities:
Available for sale			534,521			534,521			128,507			404,042			1,972
Held to maturity			73,286			63,545						63,545
Common equity securities			2,473			2,473			2,473
Loans held for sale			816			816						816
Net loans			3,976,524			3,909,350									3,909,350
Accrued interest receivable			16,995			16,995						16,995
Mortgage servicing rights			1,219			2,163						2,163
Restricted equity securities (FHLB and other)			13,517			13,517						13,517
Other assets - interest rate swaps			15,708			15,708						15,708
Total		$	4,814,982		$	4,739,011
Financial liabilities:
Deposits		$	4,289,731		$	4,287,471		$			$	4,287,471		$
Short-term borrowings			76,310			76,173						76,173
Long-term debt			137,029			137,803						137,803
Subordinated debt			83,111			85,761						85,761
Junior subordinated debt			8,114			7,342						7,342
Accrued interest payable			7,976			7,976						7,976
Other liabilities - interest rate swaps			15,470			15,470						15,470
Total		$	4,617,741		$	4,617,996


								December 31, 2024
								Fair Value Hierarchy
								Quoted
								Prices in
								Active			Significant
								Markets for			Other			Significant
								Identical			Observable			Unobservable
		Carrying			Fair			Assets			Inputs			Inputs
(Dollars in thousands)		Value			Value			(Level 1)			(Level 2)			(Level 3)
Financial assets:
Cash and due from banks		$	135,851		$	135,851		$	135,851		$			$
Investment securities:
Available for sale			526,329			526,329			167,551			354,156			4,622
Held to maturity			78,184			65,152						65,152
Common equity securities			2,430			2,430			2,430
Loans held for sale
Net loans			3,951,729			3,830,062									3,830,062
Accrued interest receivable			15,632			15,632						15,632
Mortgage servicing rights			1,304			2,314						2,314
Restricted equity securities (FHLB and other)			10,220			10,220						10,220
Other assets - interest rate swaps			20,537			20,537						20,537
Total		$	4,742,216		$	4,608,527
Financial liabilities:
Deposits		$	4,407,552		$	4,404,117		$			$	4,404,117		$
Short-term borrowings			15,900			15,900						15,900
Long-term debt			98,637			98,875						98,875
Subordinated debt			33,000			32,506						32,506
Junior subordinated debt			8,039			8,167						8,167
Accrued interest payable			5,503			5,503						5,503
Other liabilities - interest rate swaps			20,151			20,151						20,151
Total		$	4,588,782		$	4,585,219