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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Estimated Fair Value of Financial Instruments | The estimated carrying and fair values of the Company’s financial instruments not carried at fair value are as follows (in thousands):
|  | September 30, 2025
|  | Carrying Amount |  | Fair Value
|  |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 39,823 |  |  | $ | 39,823 |  |  | $ | — |  |  | $ | — |  |  | $ | 39,823 |
Interest-earning deposits in other banks |  | 81,735 |  |  | 81,735 |  |  | — |  |  | — |  |  | 81,735 |
Held-to-maturity investment securities |  | 287,082 |  |  | — |  |  | 266,706 |  |  | — |  |  | 266,706 |
Loans, net |  | 2,421,552 |  |  | — |  |  | — |  |  | 2,399,601 |  |  | 2,399,601 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | 489,487 |  |  | — |  |  | 487,913 |  |  | — |  |  | 487,913 |
Borrowings |  | 20,000 |  |  | — |  |  | 20,000 |  |  | — |  |  | 20,000 |
Senior debt and subordinated debentures |  | 69,998 |  |  | — |  |  | — |  |  | 70,312 |  |  | 70,312 |
|  | December 31, 2024
|  | Carrying Amount |  | Fair Value
|  |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 28,029 |  |  | $ | 28,029 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,029 |
Interest-earning deposits in other banks |  | 92,369 |  |  | 92,369 |  |  | — |  |  | — |  |  | 92,369 |
Held-to-maturity investment securities |  | 301,359 |  |  | — |  |  | 274,568 |  |  | — |  |  | 274,568 |
Loans, net |  | 2,308,418 |  |  | — |  |  | — |  |  | 2,252,462 |  |  | 2,252,462 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | 443,284 |  |  | — |  |  | 440,046 |  |  | — |  |  | 440,046 |
Borrowings |  | 133,442 |  |  | — |  |  | 133,743 |  |  | — |  |  | 133,743 |
Senior debt and subordinated debentures |  | 69,889 |  |  | — |  |  | — |  |  | 62,535 |  |  | 62,535 |
Fair Value of Assets on a Recurring Basis | The Company is required or permitted to record the following assets at fair value on a recurring basis. The following tables present information about the Company’s assets measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024 (in thousands):
|  | Fair Value Measurements Using
September 30, 2025 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Available-for-sale debt securities: |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 9,439 |  |  | $ | 9,439 |  |  | $ | — |  |  | $ | — |
U.S. Government agencies |  | 65 |  |  | — |  |  | 65 |  |  | — |
Obligations of states and political subdivisions |  | 164,403 |  |  | — |  |  | 164,403 |  |  | — |
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations |  | 66,662 |  |  | — |  |  | 66,662 |  |  | — |
Private label mortgage and asset backed securities |  | 232,012 |  |  | — |  |  | 232,012 |  |  | — |
Corporate debt securities |  | 494 |  |  | — |  |  | 494 |  |  | — |
Equity securities |  | 6,769 |  |  | 6,769 |  |  | — |  |  | — |
Total assets measured at fair value on a recurring basis |  | $ | 479,844 |  |  | $ | 16,208 |  |  | $ | 463,636 |  |  | $ | — |
|  | Fair Value Measurements Using
December 31, 2024 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Available-for-sale debt securities: |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 9,058 |  |  | $ | 9,058 |  |  | $ | — |  |  | $ | — |
U.S. Government agencies |  | 65 |  |  | — |  |  | 65 |  |  | — |
Obligations of states and political subdivisions |  | 164,640 |  |  | — |  |  | 164,640 |  |  | — |
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations |  | 72,302 |  |  | — |  |  | 72,302 |  |  | — |
Private label mortgage and asset backed securities |  | 230,555 |  |  | — |  |  | 230,555 |  |  | — |
Equity securities |  | 6,586 |  |  | 6,586 |  |  | — |  |  | — |
Total assets measured at fair value on a recurring basis |  | $ | 483,206 |  |  | $ | 15,644 |  |  | $ | 467,562 |  |  | $ | — |
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | The table below presents the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the date indicated (in thousands):
|  | Fair Value Measurements Using
September 30, 2025 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Collateral dependent loans |  |  |  |  |  |  |  |
Commercial and industrial |  | $ | 1,000 |  |  | — |  |  | — |  |  | $ | 1,000 |
Total collateral dependent loans |  | $ | 1,000 |  |  | — |  |  | — |  |  | $ | 1,000 |
Quantitative Information About Level 3 Measurements | The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2025 (in thousands):
|  | Fair Value Measurements Using
September 30, 2025 |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range, Weighted Average
Collateral dependent loans |  | $1,000 |  | Fair value of property |  | Cost to sell |  | Not meaningful N/A

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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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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 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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