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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value

Disclosures concerning assets and liabilities measured at fair value are as follows:

Assets and Liabilities Measured at Fair Value on a Recurring Basis

 

 

Quoted Prices

 

 

 

 

 

 

 

 

 

 

 

In Active

 

 

Significant

 

 

 

 

 

 

 

 

Markets for

 

 

Other

 

 

Significant

 

 

 

 

 

Identical

 

 

Observable

 

 

Unobservable

 

 

Balance

 

(Dollars in thousands)

Assets

 

 

Inputs

 

 

Inputs

 

 

at Date

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Indicated

 

Equity Securities Held at Fair Value - March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Equity securities

$

5,571

 

 

$

-

 

 

$

3,757

 

 

$

9,328

 

 

 

 

 

 

 

 

 

 

 

 

Investment Securities, Available for Sale - March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

U. S. Government and federal agency

$

-

 

 

$

993

 

 

$

-

 

 

$

993

 

U.S. Treasury notes and bonds

 

86,753

 

 

 

-

 

 

 

-

 

 

 

86,753

 

State and municipal

 

-

 

 

 

224,240

 

 

 

-

 

 

 

224,240

 

Mortgage-backed

 

-

 

 

 

159,340

 

 

 

-

 

 

 

159,340

 

Corporate

 

-

 

 

 

212

 

 

 

-

 

 

 

212

 

Asset-backed securities

 

-

 

 

 

9,112

 

 

 

-

 

 

 

9,112

 

Total

$

86,753

 

 

$

393,897

 

 

$

-

 

 

$

480,650

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Instruments - March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivative contracts - assets

$

-

 

 

$

11,712

 

 

$

-

 

 

$

11,712

 

Interest rate derivative contracts - liabilities

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Swaps - March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Loan swaps - assets

$

-

 

 

$

1,271

 

 

$

-

 

 

$

1,271

 

Loan swaps - liabilities

$

-

 

 

$

1,283

 

 

$

-

 

 

$

1,283

 

 

 

 

 

 

 

 

 

 

 

 

Equity Securities Held at Fair Value - December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

Equity securities

$

4,838

 

 

$

-

 

 

$

2,944

 

 

$

7,782

 

 

 

 

 

 

 

 

 

 

 

 

Investment Securities, Available for Sale - December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

U. S. Treasury notes and bonds

$

80,502

 

 

$

-

 

 

$

-

 

 

$

80,502

 

State and municipal

 

-

 

 

 

228,236

 

 

 

-

 

 

 

228,236

 

Mortgage-backed

 

-

 

 

 

160,970

 

 

 

-

 

 

 

160,970

 

Corporate

 

-

 

 

 

212

 

 

 

-

 

 

 

212

 

Asset-backed securities

 

-

 

 

 

9,197

 

 

 

-

 

 

 

9,197

 

Total

$

80,502

 

 

$

398,615

 

 

$

-

 

 

$

479,117

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Instruments - December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivative contracts - assets

$

-

 

 

$

23,649

 

 

$

-

 

 

$

23,649

 

Interest rate derivative contracts - liabilities

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Swaps - December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps - assets

$

-

 

 

$

686

 

 

$

-

 

 

$

686

 

Interest rate swaps - liabilities

$

-

 

 

$

686

 

 

$

-

 

 

$

686

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis

 

 

Three Months Ended

 

(Dollars in thousands)

March 31,

 

 

2025

 

 

2024

 

Equity Securities Held at Fair Value

 

 

 

 

 

Balance, January 1

$

2,944

 

 

$

2,756

 

Total realized and unrealized (losses) gains included in noninterest income

 

58

 

 

 

79

 

Net purchases, sales, calls, and maturities

 

755

 

 

 

20

 

Net transfers into Level 3

 

-

 

 

 

-

 

Balance, March 31,

$

3,757

 

 

$

2,855

 

 

 

 

 

 

Amount of total losses for the period included in earning attributable to the change in
   unrealized gains (losses) relating to assets and liabilities still held at March 31,

$

9

 

 

$

1

 
Schedule of Assets Measured at Fair Value on a Non-recurring Basis

Assets Measured at Fair Value on a Non-recurring Basis

 

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

 

 

 

 

In Active

 

 

Significant

 

 

 

 

 

 

 

 

Markets for

 

 

Other

 

 

Significant

 

 

Balances at

 

 

Identical

 

 

Observable

 

 

Unobservable

 

(Dollars in thousands)

Dates

 

 

Assets

 

 

Inputs

 

 

Inputs

 

 

Indicated

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Collateral Dependent Loans

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

$

1,155

 

 

$

-

 

 

$

-

 

 

$

1,155

 

December 31, 2024

$

1,887

 

 

$

-

 

 

$

-

 

 

$

1,887

 

 

 

 

 

 

 

 

 

 

 

 

Other Real Estate

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

$

2,365

 

 

$

-

 

 

$

-

 

 

$

2,365

 

December 31, 2024

$

473

 

 

$

-

 

 

$

-

 

 

$

473