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Disclosures About Fair Value of Assets and Liabilities (Tables)

3 Months Ended

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

X

- 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

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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

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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

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