XML 61 R51.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] |
Summary of Financial Instruments | Financial instruments as of the dates indicated were as follows:
|  |  |  |  |  |  |  | Quoted Prices |  |  |  |  |  |  |
|  |  |  |  |  |  |  | In Active |  |  | Significant |  |  |  |
|  |  |  |  |  |  |  | Markets for |  |  | Other |  |  | Significant |
|  |  |  |  |  |  |  | Identical |  |  | Observable |  |  | Unobservable |
(Dollars in thousands) |  | Carrying |  |  | Estimated |  |  | Assets |  |  | Inputs |  |  | Inputs |
|  | Amount |  |  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 96,751 |  |  | $ | 96,751 |  |  | $ | 96,751 |  |  | $ | - |  |  | $ | - |
Equity securities at fair value |  |  | 7,782 |  |  |  | 7,782 |  |  |  | 4,838 |  |  |  | - |  |  |  | 2,944 |
Securities available for sale |  |  | 479,117 |  |  |  | 479,117 |  |  |  | 80,502 |  |  |  | 398,615 |  |  |  | - |
Securities held to maturity |  |  | 394,534 |  |  |  | 339,048 |  |  |  | - |  |  |  | 324,591 |  |  |  | 14,457 |
Federal Home Loan Bank and Federal Reserve Bank stock |  |  | 14,690 |  |  |  | 14,690 |  |  |  | - |  |  |  | 14,690 |  |  |  | - |
Loans held for sale |  |  | 7,288 |  |  |  | 7,507 |  |  |  | - |  |  |  | 7,507 |  |  |  | - |
Loans, net |  |  | 1,529,088 |  |  |  | 1,496,704 |  |  |  | - |  |  |  | - |  |  |  | 1,496,704 |
Accrued interest receivable |  |  | 10,376 |  |  |  | 10,376 |  |  |  | - |  |  |  | 10,376 |  |  |  | - |
Interest rate lock commitments |  |  | 95 |  |  |  | 95 |  |  |  | - |  |  |  | 95 |  |  |  | - |
Interest rate derivative contracts |  |  | 23,649 |  |  |  | 23,649 |  |  |  | - |  |  |  | 23,649 |  |  |  | - |
Loan swaps |  |  | 686 |  |  |  | 686 |  |  |  | - |  |  |  | 686 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 524,945 |  |  |  | 524,945 |  |  |  | 524,945 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  |  | 1,652,647 |  |  |  | 1,652,169 |  |  |  | - |  |  |  | 1,652,169 |  |  |  | - |
Brokered deposits |  |  | 36,511 |  |  |  | 36,508 |  |  |  | - |  |  |  | 36,508 |  |  |  | - |
Borrowings |  |  | 175,000 |  |  |  | 175,139 |  |  |  | - |  |  |  | 175,139 |  |  |  | - |
Subordinated debentures |  |  | 35,752 |  |  |  | 32,895 |  |  |  | - |  |  |  | 32,895 |  |  |  | - |
Accrued interest payable |  |  | 1,694 |  |  |  | 1,694 |  |  |  | - |  |  |  | 1,694 |  |  |  | - |
Loan swaps |  |  | 686 |  |  |  | 686 |  |  |  | - |  |  |  | 686 |  |  |  | - |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 55,433 |  |  | $ | 55,433 |  |  | $ | 55,433 |  |  | $ | - |  |  | $ | - |
Equity securities at fair value |  |  | 7,505 |  |  |  | 7,505 |  |  |  | 4,749 |  |  |  | - |  |  |  | 2,756 |
Securities available for sale |  |  | 514,598 |  |  |  | 514,598 |  |  |  | 80,194 |  |  |  | 434,404 |  |  |  | - |
Securities held to maturity |  |  | 407,959 |  |  |  | 348,791 |  |  |  | - |  |  |  | 335,493 |  |  |  | 13,298 |
Federal Home Loan Bank and Federal Reserve Bank stock |  |  | 9,514 |  |  |  | 9,514 |  |  |  | - |  |  |  | 9,514 |  |  |  | - |
Loans held for sale |  |  | 4,710 |  |  |  | 4,851 |  |  |  | - |  |  |  | 4,851 |  |  |  | - |
Loans, net |  |  | 1,394,968 |  |  |  | 1,362,920 |  |  |  | - |  |  |  | - |  |  |  | 1,362,920 |
Accrued interest receivable |  |  | 10,066 |  |  |  | 10,066 |  |  |  | - |  |  |  | 10,066 |  |  |  | - |
Interest rate lock commitments |  |  | 64 |  |  |  | 64 |  |  |  | - |  |  |  | 64 |  |  |  | - |
Interest rate derivative contracts |  |  | 8,880 |  |  |  | 8,880 |  |  |  | - |  |  |  | 8,880 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 547,625 |  |  |  | 547,625 |  |  |  | 547,625 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  |  | 1,550,985 |  |  |  | 1,549,386 |  |  |  | - |  |  |  | 1,549,386 |  |  |  | - |
Brokered deposits |  |  | 23,445 |  |  |  | 23,435 |  |  |  | - |  |  |  | 23,435 |  |  |  | - |
Borrowings |  |  | 200,000 |  |  |  | 199,743 |  |  |  | - |  |  |  | 199,743 |  |  |  | - |
Subordinated debentures |  |  | 35,507 |  |  |  | 31,748 |  |  |  | - |  |  |  | 31,748 |  |  |  | - |
Accrued interest payable |  |  | 6,223 |  |  |  | 6,223 |  |  |  | - |  |  |  | 6,223 |  |  |  | - |

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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -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_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration