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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of estimated fair value of financial instruments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying

​

Fair

​

Fair value measurements

​

amount

value

Level 1

Level 2

Level 3

June 30, 2024

​

​

​

​

​

Financial assets:

​

​

​

​

​

Cash and cash equivalents

​

$

391,208

​

$

391,208

​

$

391,208

​

$

—

​

$

—

Time deposits in banks

​

747

​

747

​

747

​

—

​

—

Investment securities AFS

​

183,633

​

183,633

​

—

​

183,633

​

—

Equity securities

​

​

12,837

​

​

12,837

​

​

12,837

​

​

—

​

​

—

Investment in FHLB and FRB Stock

​

20,948

​

20,948

​

—

​

20,948

​

—

Loans held for sale

​

—

​

—

​

—

​

—

​

—

Loans, net

​

1,845,172

​

1,759,753

​

—

​

—

​

1,759,753

Accrued interest receivable

​

7,794

​

7,794

​

—

​

7,794

​

—

Financial liabilities:

​

​

​

​

​

Deposits

​

2,175,010

​

2,177,879

​

—

​

2,177,879

​

—

Junior subordinated deferrable interest debentures, net

​

​

8,605

​

​

8,713

​

​

—

​

​

—

​

​

8,713

Subordinated debt, net

​

​

63,651

​

63,651

​

—

​

​

63,651

​

​

—

Accrued interest payable

​

3,651

​

3,651

​

—

​

3,651

​

—

Off-balance sheet liabilities:

​

​

​

​

​

​

Undisbursed loan commitments, lines of credit, standby letters of credit

​

68,506

​

68,306

​

—

​

—

​

68,306

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying

​

Fair

​

Fair value measurements

​

amount

value

Level 1

Level 2

Level 3

December 31, 2023

​

​

​

​

​

Financial assets:

​

​

​

​

​

Cash and cash equivalents

​

$

307,539

​

$

307,539

​

$

307,539

​

$

—

​

$

—

Time deposits in banks

​

1,245

​

1,245

​

1,245

​

—

​

—

Investment securities AFS

​

163,152

​

163,152

​

—

​

163,152

​

—

Equity securities

​

​

12,585

​

​

12,585

​

​

12,585

​

​

—

​

​

—

Investment in FHLB and FRB Stock

​

20,939

​

20,939

​

—

​

20,939

​

—

Loans held for sale

​

—

​

—

​

—

​

—

​

—

Loans, net

​

1,905,829

​

1,810,426

​

—

​

—

​

1,810,426

Accrued interest receivable

​

8,423

​

8,423

​

—

​

8,423

​

—

Financial liabilities:

​

​

​

​

​

Deposits

​

2,132,750

​

2,135,923

​

—

​

2,135,923

​

—

Junior subordinated deferrable interest debentures, net

​

8,565

​

8,631

​

—

​

—

​

8,631

Subordinated debt, net

​

63,881

​

63,881

​

—

​

63,881

​

—

Accrued interest payable

​

3,054

​

3,054

​

—

​

3,054

​

—

Off-balance sheet liabilities:

​

​

​

​

​

​

​

​

​

​

​

Undisbursed loan commitments, lines of credit, standby letters of credit

​

77,377

​

77,152

​

—

​

—

​

77,152

​

X

- 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 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: 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

+ Details

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
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