XML 49 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of fair value measurements by level within the fair value hierarchy and the basis of measurement used | The following tables present assets measured at fair value and the basis of measurement used at the periods presented:
| September 30, 2025
(In thousands) | Basis |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |
Equity securities with readily determinable fair values | Recurring |  | $ | 945 |  |  | $ | — |  |  | $ | — |  |  | $ | 945 |
AFS Investment Securities: |  |  |  |  |  |  |  |  |
U.S. Government and agencies |  |  | — |  |  | 137,773 |  |  | — |  |  | 137,773 |
Collateralized mortgage obligations |  |  | — |  |  | 52,475 |  |  | — |  |  | 52,475 |
Residential mortgage-backed securities |  |  | — |  |  | 149,808 |  |  | — |  |  | 149,808 |
Commercial mortgage-backed securities |  |  | — |  |  | 90,232 |  |  | — |  |  | 90,232 |
State and municipal |  |  | — |  |  | 4,038 |  |  | — |  |  | 4,038 |
Corporate bonds |  |  | — |  |  | 27,891 |  |  | — |  |  | 27,891 |
Total AFS Investment Securities | Recurring |  | $ | — |  |  | $ | 462,217 |  |  | $ | — |  |  | $ | 462,217 |
Loans held for sale | Recurring |  | — |  |  | 16,850 |  |  | — |  |  | 16,850 |
Derivative financial instruments - assets | Recurring |  | — |  |  | 5,206 |  |  | — |  |  | 5,206 |
Individually evaluated loans | Non-recurring |  | — |  |  | — |  |  | 1,520 |  |  | 1,520 |
Foreclosed assets held for resale | Non-recurring |  | — |  |  | — |  |  | 32 |  |  | 32 |
Liabilities |  |  |  |  |  |  |  |  |
Derivative financial instruments - liabilities | Recurring |  | $ | — |  |  | $ | 3,751 |  |  | $ | — |  |  | $ | 3,751 |
| December 31, 2024
(In thousands) | Basis |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities with readily determinable fair values | Recurring |  | $ | 919 |  |  | $ | — |  |  | $ | — |  |  | $ | 919 |
AFS Investment Securities: |  |  |  |  |  |  |  |  |
U.S. Government and agencies |  |  | — |  |  | 143,193 |  |  | — |  |  | 143,193 |
Collateralized mortgage obligations |  |  | — |  |  | 35,654 |  |  | — |  |  | 35,654 |
Residential mortgage-backed securities |  |  | — |  |  | 138,540 |  |  | — |  |  | 138,540 |
Commercial mortgage-backed securities |  |  | — |  |  | 60,785 |  |  | — |  |  | 60,785 |
Corporate bonds |  |  | — |  |  | 15,803 |  |  | — |  |  | 15,803 |
Total AFS Investment Securities | Recurring |  | $ | — |  |  | $ | 393,975 |  |  | $ | — |  |  | $ | 393,975 |
Loans held for sale | Recurring |  | — |  |  | 426 |  |  | — |  |  | 426 |
Individually evaluated loans | Non-recurring |  | — |  |  | — |  |  | 1,690 |  |  | 1,690 |
Foreclosed assets held for resale | Non-recurring |  | $ | — |  |  | $ | — |  |  | $ | 438 |  |  | $ | 438 |
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis | The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis for which the Corporation has utilized Level 3 inputs to determine fair value:
(Dollars in thousands) | Fair Value Estimate |  | Valuation Technique 1 |  | Unobservable Input 2 |  | Range |  | Weighted Average
September 30, 2025 |  |  |  |  |  |  |  |  |
Individually evaluated loans | $ | 1,520 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 16% – 100% |  | 45%
Foreclosed assets held for resale | 32 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 17% |  | 17%
December 31, 2024 |  |  |  |  |  |  |  |  |
Individually evaluated loans | $ | 1,690 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 16% – 100% |  | 47%
Foreclosed assets held for resale | 438 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 17% – 53% |  | 50%
_______________________________________ 1 Fair value is generally determined through management’s estimate or independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. 2 Appraisals may be adjusted downward 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 percentage of the appraisal. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received, and/or age of the appraisal.
Schedule of carrying amount, exit pricing concept fair value and placement in the fair value hierarchy | The following tables present the carrying amount and the estimated fair value of the Corporation’s financial instruments:
| September 30, 2025
| Carrying Amount |  | Estimated Fair Value
(In thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 30,500 |  |  | $ | 30,500 |  |  | $ | 30,500 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits with banks | 71,639 |  |  | 71,639 |  |  | 71,639 |  |  | — |  |  | — |
Equity securities with readily determinable fair values | 945 |  |  | 945 |  |  | 945 |  |  | — |  |  | — |
Investment securities AFS | 462,217 |  |  | 462,217 |  |  | — |  |  | 462,217 |  |  | — |
Investment securities HTM | 63,408 |  |  | 56,932 |  |  | — |  |  | 56,932 |  |  | — |
Loans held for sale | 16,850 |  |  | 16,850 |  |  | — |  |  | 16,850 |  |  | — |
Loans, net | 2,312,945 |  |  | 2,324,921 |  |  | — |  |  | — |  |  | 2,324,921 |
Accrued interest receivable | 10,754 |  |  | 10,754 |  |  | — |  |  | 10,754 |  |  | — |
Restricted investment in bank stocks | 14,462 |  |  | N/A |  | — |  |  | N/A |  | — |
Derivative assets | 5,206 |  |  | 5,206 |  |  | — |  |  | 5,206 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |
Demand deposits, savings, and money markets | $ | 2,019,457 |  |  | $ | 2,019,457 |  |  | $ | — |  |  | $ | 2,019,457 |  |  | $ | — |
Time deposits | 446,439 |  |  | 440,508 |  |  | — |  |  | 440,508 |  |  | — |
Securities sold under repurchase agreements | 27,127 |  |  | 27,127 |  |  | — |  |  | 27,127 |  |  | — |
Federal funds purchased | 3,341 |  |  | 3,341 |  |  | — |  |  | 3,341 |  |  | — |
FHLB Advances | 285,000 |  |  | 287,674 |  |  | — |  |  | 287,674 |  |  | — |
Trust preferred and subordinated debt | 20,365 |  |  | 19,277 |  |  | — |  |  | 19,277 |  |  | — |
Accrued interest payable | 2,303 |  |  | 2,303 |  |  | — |  |  | 2,303 |  |  | — |
Derivative liabilities | 3,751 |  |  | 3,751 |  |  | — |  |  | 3,751 |  |  | — |
| December 31, 2024
| Carrying Amount |  | Estimated Fair Value
(In thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Financial assets: |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 16,352 |  |  | $ | 16,352 |  |  | $ | 16,352 |  |  | $ | — |  |  | $ | — |
Interest-bearing deposits with banks | 30,910 |  |  | 30,910 |  |  | 30,910 |  |  | — |  |  | — |
Equity securities with readily determinable fair values | 919 |  |  | 919 |  |  | 919 |  |  | — |  |  | — |
Investment securities AFS | 393,975 |  |  | 393,975 |  |  | — |  |  | 393,975 |  |  | — |
Investment securities HTM | 64,578 |  |  | 56,924 |  |  | — |  |  | 56,924 |  |  | — |
Loans held for sale | 426 |  |  | 426 |  |  | — |  |  | 426 |  |  | — |
Loans, net | 1,665,630 |  |  | 1,635,351 |  |  | — |  |  | — |  |  | 1,635,351 |
Accrued interest receivable | 8,189 |  |  | 8,189 |  |  | — |  |  | 8,189 |  |  | — |
Restricted investment in bank stocks | 10,853 |  |  | N/A |  | — |  |  | N/A |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |
Demand deposits, savings, and money markets | $ | 1,519,473 |  |  | $ | 1,269,889 |  |  | $ | — |  |  | $ | 1,269,889 |  |  | $ | — |
Time deposits | 273,028 |  |  | 267,336 |  |  | — |  |  | 267,336 |  |  | — |
Securities sold under repurchase agreements | 15,826 |  |  | 16,435 |  |  | — |  |  | 16,435 |  |  | — |
FHLB Advances | 235,000 |  |  | 235,290 |  |  | — |  |  | 235,290 |  |  | — |
Trust preferred and subordinated debt | 20,333 |  |  | 18,420 |  |  | — |  |  | 18,420 |  |  | — |
Accrued interest payable | 1,551 |  |  | 1,551 |  |  | — |  |  | 1,551 |  |  | — |

X
- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + 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 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration