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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Financial Assets Measured at Fair Value on Recurring Basis | The following tables present the balances of financial assets measured at fair value on a recurring basis as of the dates stated.
|  | September 30, 2025 |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities |  | $ | 192,494 |  |  | $ | — |  |  | $ | 192,494 |  |  | $ | — |
U.S. Treasury and agencies |  |  | 72,039 |  |  |  | — |  |  |  | 72,039 |  |  |  | — |
State and municipals |  |  | 44,293 |  |  |  | — |  |  |  | 44,293 |  |  |  | — |
Corporate bonds |  |  | 32,528 |  |  |  | — |  |  |  | 32,028 |  |  |  | 500 |
Total securities available for sale |  | $ | 341,354 |  |  | $ | — |  |  | $ | 340,854 |  |  | $ | 500 |
Other assets |  |  |  |  |  |  |  |  |  |  |  |
MSRs |  | $ | 201 |  |  | $ | — |  |  | $ | — |  |  | $ | 201 |
Rabbi trust assets |  |  | 676 |  |  |  | 676 |  |  |  | — |  |  |  | — |
Interest rate swap asset |  |  | 450 |  |  |  | — |  |  |  | 450 |  |  |  | — |
Other liabilities |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap liability |  |  | 480 |  |  |  | — |  |  |  | 480 |  |  |  | — |
|  | December 31, 2024 |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Securities available for sale |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities |  | $ | 164,438 |  |  | $ | — |  |  | $ | 164,438 |  |  | $ | — |
U.S. Treasury and agencies |  |  | 69,455 |  |  |  | — |  |  |  | 69,455 |  |  |  | — |
State and municipals |  |  | 42,937 |  |  |  | — |  |  |  | 42,937 |  |  |  | — |
Corporate bonds |  |  | 35,205 |  |  |  | — |  |  |  | 34,455 |  |  |  | 750 |
Total securities available for sale |  | $ | 312,035 |  |  | $ | — |  |  | $ | 311,285 |  |  | $ | 750 |
Other assets |  |  |  |  |  |  |  |  |  |  |  |
MSRs |  | $ | 386 |  |  | $ | — |  |  | $ | — |  |  | $ | 386 |
Rabbi trust assets |  |  | 600 |  |  |  | 600 |  |  |  | — |  |  |  | — |
Mortgage derivative asset |  |  | 140 |  |  |  | — |  |  |  | 140 |  |  |  | — |
Interest rate swap asset |  |  | 95 |  |  |  | — |  |  |  | 95 |  |  |  | — |
Other liabilities |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap liability |  | $ | 95 |  |  | $ | — |  |  | $ | 95 |  |  | $ | — |
Summary of Change in Corporate Bonds and MSRs Using Level 3 Inputs | The following table presents the change in corporate bonds and MSRs using Level 3 inputs for the periods stated.
(Dollars in thousands) |  | Corporate Bonds |  |  | MSRs |
Balance as of December 31, 2024 |  | $ | 750 |  |  | $ | 386 |
Called security available for sale |  |  | (250 | ) |  |  | — |
Fair value adjustments |  |  | — |  |  |  | (185 | )
Balance as of September 30, 2025 |  | $ | 500 |  |  | $ | 201 |
Summary of Assets Measured at Fair Value | The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated.
|  | September 30, 2025 |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Other equity investments |  | $ | 4,853 |  |  | $ | — |  |  | $ | 1,847 |  |  | $ | 3,006 |
Collateral-dependent loans |  |  | 3,053 |  |  |  | — |  |  |  | — |  |  |  | 3,053 |
Loans held for sale |  |  | 12,819 |  |  |  | — |  |  |  | 12,819 |  |  |  | — |
Other non-real estate owned (1) |  |  | 222 |  |  |  | — |  |  |  | — |  |  |  | 222 |
(1) Included in other assets on the consolidated balance sheets. |
|  | December 31, 2024 |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Other equity investments |  | $ | 4,834 |  |  | $ | — |  |  | $ | 1,828 |  |  | $ | 3,006 |
Collateral-dependent loans |  |  | 6,954 |  |  |  | — |  |  |  | — |  |  |  | 6,954 |
Loans held for sale |  |  | 30,976 |  |  |  | — |  |  |  | 30,976 |  |  |  | — |
Other real estate owned ("OREO") (1) |  |  | 279 |  |  |  | — |  |  |  | — |  |  |  | 279 |
(1) Included in other assets on the consolidated balance sheets. |
Summary of Quantitative Information about Level 3 Fair Value Measurements of Assets Measured on a Nonrecurring Basis | The following tables present quantitative information about Level 3 fair value measurements of assets measured on a nonrecurring basis as of the dates stated.
(Dollars in thousands) |  | Balance as of September 30, 2025 |  |  | Unobservable Input |  | Range |
Other equity investments |  |  |  |  |  |  |  |
Probability weighted expected return technique |  | $ | 3,006 |  |  | Discount Rate |  |  | 20 | %
Collateral-dependent loans |  |  |  |  |  |  |  |
Discounted appraised value technique |  |  | 3,053 |  |  | Selling Costs |  |  | 5 | %
Other non-real estate owned (1) |  |  |  |  |  |  |  |
Discounted cash flows technique |  |  | 222 |  |  | Discount Rate |  |  | 20 | %
(1) Included in other assets on the consolidated balance sheets. |
(Dollars in thousands) |  | Balance as of December 31, 2024 |  |  | Unobservable Input |  | Range |
Other equity investments |  |  |  |  |  |  |  |
Probability weighted expected return technique |  | $ | 3,006 |  |  | Discount Rate |  |  | 20 | %
Collateral-dependent loans |  |  |  |  |  |  |  |
Discounted appraised value technique |  |  | 6,954 |  |  | Selling Costs |  | 7% - 15% |
OREO (1) |  |  |  |  |  |  |  |
Discounted sales price technique |  |  | 279 |  |  | Selling Costs |  |  | 7 | %
(1) Included in other assets on the consolidated balance sheets. |
Summary of Estimated Fair Values and Related Carrying Amounts and Valuation Level of Financial Instruments | The following tables present the estimated fair values, related carrying amounts, and valuation level of the financial instruments as of the dates stated.
|  | September 30, 2025 |
|  |  |  |  |  |  |  | Fair Value Measurements |
(Dollars in thousands) |  | Carrying Value |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 121,032 |  |  | $ | 121,032 |  |  | $ | 121,032 |  |  | $ | — |  |  | $ | — |
Federal funds sold |  |  | 7,773 |  |  |  | 7,773 |  |  |  | 7,773 |  |  |  | — |  |  |  | — |
Securities available for sale |  |  | 341,354 |  |  |  | 341,354 |  |  |  | — |  |  |  | 340,854 |  |  |  | 500 |
Restricted equity investments |  |  | 18,988 |  |  |  | 18,988 |  |  |  | — |  |  |  | 18,988 |  |  |  | — |
Other equity investments |  |  | 4,853 |  |  |  | 4,853 |  |  |  | — |  |  |  | 1,847 |  |  |  | 3,006 |
Other investments |  |  | 20,804 |  |  |  | 20,804 |  |  |  | — |  |  |  | — |  |  |  | 20,804 |
Loans held for sale |  |  | 12,819 |  |  |  | 12,819 |  |  |  | — |  |  |  | 12,819 |  |  |  | — |
Loans held for investment, net |  |  | 1,892,223 |  |  |  | 1,826,790 |  |  |  | — |  |  |  | — |  |  |  | 1,826,790 |
Accrued interest receivable |  |  | 11,012 |  |  |  | 11,012 |  |  |  | — |  |  |  | 11,012 |  |  |  | — |
Bank owned life insurance |  |  | 896 |  |  |  | 896 |  |  |  | — |  |  |  | 896 |  |  |  | — |
MSRs |  |  | 201 |  |  |  | 201 |  |  |  | — |  |  |  | — |  |  |  | 201 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand |  | $ | 411,100 |  |  | $ | 411,100 |  |  | $ | 411,100 |  |  | $ | — |  |  | $ | — |
Interest-bearing demand and money market |  |  | 621,268 |  |  |  | 621,268 |  |  |  | — |  |  |  | 621,268 |  |  |  | — |
Savings |  |  | 100,300 |  |  |  | 100,300 |  |  |  | — |  |  |  | 100,300 |  |  |  | — |
Time |  |  | 818,411 |  |  |  | 821,302 |  |  |  | — |  |  |  | — |  |  |  | 821,302 |
FHLB borrowings |  |  | 150,000 |  |  |  | 150,424 |  |  |  | — |  |  |  | 150,424 |  |  |  | — |
Subordinated notes, net |  |  | 14,731 |  |  |  | 13,888 |  |  |  | — |  |  |  | — |  |  |  | 13,888 |
|  | December 31, 2024 |
|  |  |  |  |  |  |  | Fair Value Measurements |
(Dollars in thousands) |  | Carrying Value |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 173,533 |  |  | $ | 173,533 |  |  | $ | 173,533 |  |  | $ | — |  |  | $ | — |
Restricted cash |  |  | 2,459 |  |  |  | 2,459 |  |  |  | 2,459 |  |  |  | — |  |  |  | — |
Federal funds sold |  |  | 838 |  |  |  | 838 |  |  |  | 838 |  |  |  | — |  |  |  | — |
Securities available for sale |  |  | 312,035 |  |  |  | 312,035 |  |  |  | — |  |  |  | 311,285 |  |  |  | 750 |
Restricted equity investments |  |  | 19,275 |  |  |  | 19,275 |  |  |  | — |  |  |  | 19,275 |  |  |  | — |
Other equity investments |  |  | 4,834 |  |  |  | 4,834 |  |  |  | — |  |  |  | 1,828 |  |  |  | 3,006 |
Other investments |  |  | 19,405 |  |  |  | 19,405 |  |  |  | — |  |  |  | — |  |  |  | 19,405 |
Loans held for sale |  |  | 30,976 |  |  |  | 30,976 |  |  |  | — |  |  |  | 30,976 |  |  |  | — |
Loans held for investment, net |  |  | 2,088,774 |  |  |  | 1,998,668 |  |  |  | — |  |  |  | — |  |  |  | 1,998,668 |
Accrued interest receivable |  |  | 12,537 |  |  |  | 12,537 |  |  |  | — |  |  |  | 12,537 |  |  |  | — |
Bank owned life insurance |  |  | 1,083 |  |  |  | 1,083 |  |  |  | — |  |  |  | 1,083 |  |  |  | — |
MSRs |  |  | 386 |  |  |  | 386 |  |  |  | — |  |  |  | — |  |  |  | 386 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand |  | $ | 452,690 |  |  | $ | 452,690 |  |  | $ | 452,690 |  |  | $ | — |  |  | $ | — |
Interest-bearing demand and money market |  |  | 598,875 |  |  |  | 598,875 |  |  |  | — |  |  |  | 598,875 |  |  |  | — |
Savings |  |  | 100,857 |  |  |  | 100,857 |  |  |  | — |  |  |  | 100,857 |  |  |  | — |
Time |  |  | 1,027,020 |  |  |  | 1,029,199 |  |  |  | — |  |  |  | — |  |  |  | 1,029,199 |
FHLB borrowings |  |  | 150,000 |  |  |  | 152,782 |  |  |  | — |  |  |  | 152,782 |  |  |  | — |
Subordinated notes, net |  |  | 39,789 |  |  |  | 38,765 |  |  |  | — |  |  |  | — |  |  |  | 38,765 |

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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 assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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/2003/role/disclosureRef -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 assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -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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