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Financial Instruments
 9 Months Ended
Sep. 30, 2025
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]  
Financial Instruments Note 5 – 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)

 

September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

98,978

 

 

$

98,978

 

 

$

98,978

 

 

$

-

 

 

$

-

 

Equity securities at fair value

 

9,505

 

 

 

9,505

 

 

 

5,713

 

 

 

-

 

 

 

3,792

 

Securities available for sale

 

544,023

 

 

 

544,023

 

 

 

88,386

 

 

 

455,637

 

 

 

-

 

Securities held to maturity

 

388,517

 

 

 

347,997

 

 

 

-

 

 

 

331,565

 

 

 

16,432

 

Federal Home Loan Bank and Federal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserve Bank stock

 

31,116

 

 

 

31,116

 

 

 

-

 

 

 

31,116

 

 

 

-

 

Loans held for sale

 

6,323

 

 

 

6,513

 

 

 

-

 

 

 

6,513

 

 

 

-

 

Loans, net

 

2,875,174

 

 

 

2,829,132

 

 

 

-

 

 

 

-

 

 

 

2,829,132

 

Accrued interest receivable

 

16,219

 

 

 

16,219

 

 

 

-

 

 

 

16,219

 

 

 

-

 

Interest rate lock commitments

 

247

 

 

 

247

 

 

 

-

 

 

 

247

 

 

 

-

 

Interest rate derivative contracts

 

6,756

 

 

 

6,756

 

 

 

-

 

 

 

6,756

 

 

 

-

 

Interest rate swaps

 

1,770

 

 

 

1,770

 

 

 

-

 

 

 

1,770

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing deposits

 

903,925

 

 

 

903,925

 

 

 

903,925

 

 

 

-

 

 

 

-

 

Total interest-bearing deposits

 

2,590,434

 

 

 

2,589,395

 

 

 

-

 

 

 

2,589,395

 

 

 

-

 

Brokered deposits

 

72,672

 

 

 

72,827

 

 

 

-

 

 

 

72,827

 

 

 

-

 

Borrowings

 

197,752

 

 

 

198,068

 

 

 

-

 

 

 

198,068

 

 

 

-

 

Subordinated debentures

 

48,368

 

 

 

46,486

 

 

 

-

 

 

 

46,486

 

 

 

-

 

Accrued interest payable

 

1,982

 

 

 

1,982

 

 

 

-

 

 

 

1,982

 

 

 

-

 

Interest rate derivative contracts

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Interest rate swaps

 

1,783

 

 

 

1,783

 

 

 

-

 

 

 

1,783

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

-

 

 

 

-

 

Total 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

 

 

 

-