XML 52 R42.htm IDEA: XBRL DOCUMENT

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2025

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of estimated fair value of financial instruments


		Carrying			Fair			Fair value measurements
		amount			value			Level 1			Level 2			Level 3
September 30, 2025
Financial assets:
Cash and cash equivalents		$	228,446		$	228,446		$	228,446		$	—		$	—
Investment securities AFS			187,774			187,774			—			187,774			—
Equity securities			13,307			13,307			13,307			—			—
Investment in FHLB and FRB Stock			21,181			21,181			—			21,181			—
Loans held for sale			421			421			—			421			—
Loans, net			2,021,537			1,985,088			—			—			1,985,088
Accrued interest receivable			8,735			8,735			—			8,735			—
Financial liabilities:
Deposits			2,228,052			2,236,544			—			2,236,544			—
Junior subordinated deferrable interest debentures, net			8,706			8,452			—			—			8,452
Accrued interest payable			2,386			2,386			—			2,386			—
Off-balance sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit			76,811			76,241			—			—			76,241


		Carrying			Fair			Fair value measurements
		amount			value			Level 1			Level 2			Level 3
December 31, 2024
Financial assets:
Cash and cash equivalents		$	364,032		$	364,032		$	364,032		$	—		$	—
Time deposits in banks			249			249			249			—			—
Investment securities AFS			193,328			193,328			—			193,328			—
Equity securities			13,120			13,120			13,120			—			—
Investment in FHLB and FRB Stock			20,958			20,958			—			20,958			—
Loans held for sale			2,216			2,216			—			2,216			—
Loans, net			1,934,996			1,884,134			—			—			1,884,134
Accrued interest receivable			8,507			8,507			—			8,507			—
Financial liabilities:
Deposits			2,234,009			2,236,256			—			2,236,256			—
Junior subordinated deferrable interest debentures, net			8,645			8,527			—			—			8,527
Subordinated debt, net			63,736			63,736			—			63,736			—
Accrued interest payable			3,118			3,118			—			3,118			—
Off-balance sheet liabilities:
Undisbursed loan commitments, lines of credit, standby letters of credit			73,414			72,814			—			—			72,814