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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 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 - September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

Equity securities

$

5,713

 

 

$

-

 

 

$

3,792

 

 

$

9,505

 

 

 

 

 

 

 

 

 

 

 

 

Investment Securities, Available for Sale - September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury notes and bonds

$

88,386

 

 

$

-

 

 

$

-

 

 

$

88,386

 

State and municipal

 

-

 

 

 

224,157

 

 

 

-

 

 

 

224,157

 

Mortgage-backed

 

-

 

 

 

222,461

 

 

 

-

 

 

 

222,461

 

Corporate

 

-

 

 

 

217

 

 

 

-

 

 

 

217

 

Asset-backed securities

 

-

 

 

 

8,802

 

 

 

-

 

 

 

8,802

 

Total

$

88,386

 

 

$

455,637

 

 

$

-

 

 

$

544,023

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Instruments - September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivative contracts - assets

$

-

 

 

$

6,756

 

 

$

-

 

 

$

6,756

 

Interest rate derivative contracts - liabilities

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps - September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps - assets

$

-

 

 

$

1,770

 

 

$

-

 

 

$

1,770

 

Interest rate swaps - liabilities

$

-

 

 

$

1,783

 

 

$

-

 

 

$

1,783

 

 

 

 

 

 

 

 

 

 

 

 

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

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate 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

 

 

Nine Months Ended

 

(Dollars in thousands)

September 30,

 

 

2025

 

 

2024

 

Equity Securities Held at Fair Value

 

 

 

 

 

Balance, January 1

$

2,944

 

 

$

2,756

 

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

 

289

 

 

 

71

 

Net purchases, sales, calls, and maturities

 

559

 

 

 

70

 

Net transfers into Level 3

 

-

 

 

 

-

 

Balance, September 30,

$

3,792

 

 

$

2,897

 

 

 

 

 

 

Amount of total losses for the period included in earnings attributable to the change in
   unrealized gains (losses) relating to assets and liabilities still held at September 30,

$

11

 

 

$

36

 
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

 

 

 

 

 

 

 

 

 

 

 

September 30, 2025

$

1,007

 

 

$

-

 

 

$

-

 

 

$

1,007

 

December 31, 2024

$

1,887

 

 

$

-

 

 

$

-

 

 

$

1,887

 

 

 

 

 

 

 

 

 

 

 

 

Other Real Estate

 

 

 

 

 

 

 

 

 

 

 

September 30, 2025

$

2,575

 

 

$

-

 

 

$

-

 

 

$

2,575

 

December 31, 2024

$

473

 

 

$

-

 

 

$

-

 

 

$

473