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Disclosures About Fair Value of Assets and Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2025
Disclosures about Fair Value of Assets and Liabilities [Abstract] |
Assets Measured at Fair Value on Nonrecurring Basis | The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2025 and December 31, 2024 (dollars in thousands):
|  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | 402 |  |  | $ | - |  |  | $ | - |  |  | $ | 402 |
Asset retirement obligations |  |  | 296 |  |  |  | - |  |  |  | - |  |  |  | 296 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | 3,209 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,209 |
Asset retirement obligations |  |  | 292 |  |  |  | - |  |  |  | - |  |  |  | 292 |
Quantitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements | The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements(dollars in thousands):
|  |  |  | Valuation |  | Unobservable
|  | Fair Value |  | Technique |  | Inputs
March 31, 2025 |  |  |  |  |  |
Collateral-dependent loans |  | $ | 402 |  | Estimated cash to be received pending liquidation of collateral |  | Estimated cost to sell
Asset retirement obligations |  |  | 296 |  | Expected present value |  | Plugging and abandonment expense
December 31, 2024 |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | 3,209 |  | Estimated cash to be received pending liquidation of collateral |  | Estimated cost to sell
Asset retirement obligations |  |  | 292 |  | Expected present value |  | Plugging and abandonment expense
Estimated Fair Value of Financial Instruments Not Recorded at Fair Value | The following table presents estimated fair values of the Company’s financial instruments not recorded at fair value at March 31, 2025 and December 31, 2024 (dollars in thousands):
|  | Carrying |  |  | Fair Value Measurements |
|  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 240,570 |  |  | $ | 240,570 |  |  | $ | - |  |  | $ | - |  |  | $ | 240,570 |
Interest-bearing time deposits in other banks |  |  | 12,947 |  |  |  | - |  |  |  | 12,947 |  |  |  | - |  |  |  | 12,947 |
Loans, net |  |  | 1,405,649 |  |  |  | - |  |  |  | 1,421,371 |  |  |  | 402 |  |  |  | 1,421,773 |
Loans held for sale |  |  | 2,068 |  |  |  | - |  |  |  | 2,068 |  |  |  | - |  |  |  | 2,068 |
Nonmarketable equity securities |  |  | 1,318 |  |  |  | - |  |  |  | 1,318 |  |  |  | - |  |  |  | 1,318 |
Interest receivable and other assets |  |  | 30,531 |  |  |  | - |  |  |  | 19,481 |  |  |  | 11,050 |  |  |  | 30,531 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,551,290 |  |  | $ | - |  |  | $ | 1,550,781 |  |  | $ | - |  |  | $ | 1,550,781 |
Interest payable and other liabilities |  |  | 8,959 |  |  |  | - |  |  |  | 8,244 |  |  |  | 715 |  |  |  | 8,959 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 234,196 |  |  | $ | 234,196 |  |  | $ | - |  |  | $ | - |  |  | $ | 234,196 |
Interest-bearing time deposits in other banks |  |  | 6,719 |  |  |  | - |  |  |  | 6,719 |  |  |  | - |  |  |  | 6,719 |
Loans, net |  |  | 1,379,465 |  |  |  | - |  |  |  | 1,392,299 |  |  |  | 3,209 |  |  |  | 1,395,508 |
Nonmarketable equity securities |  |  | 1,283 |  |  |  | - |  |  |  | 1,283 |  |  |  | - |  |  |  | 1,283 |
Interest receivable and other assets |  |  | 30,731 |  |  |  | - |  |  |  | 18,585 |  |  |  | 12,146 |  |  |  | 30,731 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,515,471 |  |  | $ | - |  |  | $ | 1,515,023 |  |  | $ | - |  |  | $ | 1,515,023 |
Interest payable and other liabilities |  |  | 11,047 |  |  |  | - |  |  |  | 10,145 |  |  |  | 902 |  |  |  | 11,047 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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