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v3.25.1

Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
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) |
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 139,421 |  |  | $ | 139,421 |  |  | $ | 139,421 |  |  | $ | - |  |  | $ | - |
Equity securities at fair value |  | 9,328 |  |  |  | 9,328 |  |  |  | 5,571 |  |  |  | - |  |  |  | 3,757 |
Securities available for sale |  | 480,650 |  |  |  | 480,650 |  |  |  | 86,753 |  |  |  | 393,897 |  |  |  | - |
Securities held to maturity |  | 394,434 |  |  |  | 344,223 |  |  |  | - |  |  |  | 327,133 |  |  |  | 17,090 |
Federal Home Loan Bank and Federal |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reserve Bank stock |  | 30,919 |  |  |  | 30,919 |  |  |  | - |  |  |  | 30,919 |  |  |  | - |
Loans held for sale |  | 3,941 |  |  |  | 4,059 |  |  |  | - |  |  |  | 4,059 |  |  |  | - |
Loans, net |  | 2,890,388 |  |  |  | 2,820,588 |  |  |  | - |  |  |  | - |  |  |  | 2,820,588 |
Accrued interest receivable |  | 17,070 |  |  |  | 17,070 |  |  |  | - |  |  |  | 17,070 |  |  |  | - |
Interest rate lock commitments |  | 95 |  |  |  | 95 |  |  |  | - |  |  |  | 95 |  |  |  | - |
Interest rate derivative contracts |  | 11,712 |  |  |  | 11,712 |  |  |  | - |  |  |  | 11,712 |  |  |  | - |
Loan swaps |  | 1,271 |  |  |  | 1,271 |  |  |  | - |  |  |  | 1,271 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  | 912,033 |  |  |  | 912,033 |  |  |  | 912,033 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  | 2,672,401 |  |  |  | 2,671,235 |  |  |  | - |  |  |  | 2,671,235 |  |  |  | - |
Brokered deposits |  | 67,295 |  |  |  | 67,534 |  |  |  | - |  |  |  | 67,534 |  |  |  | - |
Borrowings |  | 137,330 |  |  |  | 137,517 |  |  |  | - |  |  |  | 137,517 |  |  |  | - |
Subordinated debentures |  | 48,186 |  |  |  | 43,265 |  |  |  | - |  |  |  | 43,265 |  |  |  | - |
Accrued interest payable |  | 3,769 |  |  |  | 3,769 |  |  |  | - |  |  |  | 3,769 |  |  |  | - |
Interest rate derivative contracts |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Interest rate swaps |  | 1,283 |  |  |  | 1,283 |  |  |  | - |  |  |  | 1,283 |  |  |  | - |
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 |  |  |  | - |
Interest rate 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 |  |  |  | - |
Interest rate swaps |  | 686 |  |  |  | 686 |  |  |  | - |  |  |  | 686 |  |  |  | - |

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- 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
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- References No definition available. + Details
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