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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Estimated Fair Value of Financial Instruments that are not Required to be Measured or Reported at Fair Value | The estimated fair values of the Company’s financial instruments that are not required to be measured or reported at fair value are as follows:
|  | At June 30, 2025 |  |  | At December 31, 2024 |
(In Thousands) |  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents (Level 1) |  | $ | 155,083 |  |  | $ | 155,083 |  |  | $ | 166,100 |  |  | $ | 166,100 |
Securities held to maturity, net of allowance for credit losses (Level 2) |  |  | 26,809 |  |  |  | 26,104 |  |  |  | 31,508 |  |  |  | 30,284 |
Loans, net of allowance for credit losses (Level 3) |  |  | 2,331,958 |  |  |  | 2,344,768 |  |  |  | 2,229,314 |  |  |  | 2,231,057 |
Accrued interest receivable (Level 1) |  |  | 9,821 |  |  |  | 9,821 |  |  |  | 9,870 |  |  |  | 9,870 |
Restricted investments in bank stock (Level 1) |  |  | 4,821 |  |  |  | 4,821 |  |  |  | 5,209 |  |  |  | 5,209 |
Cash surrender value of life insurance (Level 1) |  |  | 52,943 |  |  |  | 52,943 |  |  |  | 52,079 |  |  |  | 52,079 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Non-maturity deposits (Level 1) |  |  | 1,802,847 |  |  |  | 1,802,847 |  |  |  | 1,723,849 |  |  |  | 1,723,849 |
Time Deposits (Level 3) |  |  | 653,562 |  |  |  | 652,317 |  |  |  | 636,733 |  |  |  | 634,875 |
Long-term borrowings (Level 3) |  |  | 40,000 |  |  |  | 40,165 |  |  |  | 40,000 |  |  |  | 40,256 |
Short-term borrowings (Level 1) |  |  | — |  |  |  | — |  |  |  | 10,000 |  |  |  | 10,000 |
Note payable (Level 3) |  |  | — |  |  |  | — |  |  |  | 565 |  |  |  | 565 |
Subordinated Notes (Level 3) |  |  | 62,279 |  |  |  | 61,374 |  |  |  | 61,984 |  |  |  | 60,251 |
Accrued interest payable (Level 1) |  |  | 1,665 |  |  |  | 1,665 |  |  |  | 1,865 |  |  |  | 1,865 |
Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis |
|  | June 30, 2025 |
(In Thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
US Government Agency securities |  | $ | — |  |  | $ | 13,345 |  |  | $ | — |  |  | $ | 13,345 |
Obligations of state and political subdivisions |  |  | — |  |  |  | 46,319 |  |  |  | — |  |  |  | 46,319 |
Mortgage backed securities in government-sponsored entities |  |  | — |  |  |  | 109,554 |  |  |  | — |  |  |  | 109,554 |
Other securities |  |  | — |  |  |  | 351 |  |  |  | — |  |  |  | 351 |
Total |  | $ | — |  |  | $ | 169,569 |  |  | $ | — |  |  | $ | 169,569 |
Derivative |  | $ | — |  |  | $ | — |  |  | $ | 144 |  |  | $ | 144 |
|  | December 31, 2024 |
(In Thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
US Government Agency Securities |  | $ | — |  |  | $ | 13,073 |  |  | $ | — |  |  | $ | 13,073 |
Obligations of state and political subdivisions |  |  | — |  |  |  | 47,201 |  |  |  | — |  |  |  | 47,201 |
Mortgage backed securities in government-sponsored entities |  |  | — |  |  |  | 84,783 |  |  |  | — |  |  |  | 84,783 |
Other securities |  |  | — |  |  |  | 533 |  |  |  | — |  |  |  | 533 |
Total |  | $ | — |  |  | $ | 145,590 |  |  | $ | — |  |  | $ | 145,590 |
Derivative |  | $ | — |  |  | $ | — |  |  | $ | 1,654 |  |  | $ | 1,654 |
Summary of Financial Assets Measured at Fair Value on a Nonrecurring Basis | For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used as of June 30, 2025 and December 31, 2024 are presented in the table below.
|  | June 30, 2025 |
(In Thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Loans individually evaluated |  | $ | — |  |  | $ | — |  |  | $ | 23,650 |  |  | $ | 23,650 |
|  | December 31, 2024 |
(In Thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Loans individually evaluated |  | $ | — |  |  | $ | — |  |  | $ | 21,519 |  |  | $ | 21,519 |
Summary of Information about Valuation Processes Used to Determine Nonrecurring Fair Value Measurements | The following tables provide information describing the valuation processes used to determine nonrecurring fair value measurements categorized within Level III of the fair value hierarchy:
|  | June 30, 2025 |
|  | Quantitative Information About Level III Fair Value Measurements |
(In Thousands) |  | Fair Value |  |  | Valuation Techniques |  |  |  |  | Unobservable Input |  | Range (Weighted Average) |
Loans individually evaluated |  | $ | 23,650 |  |  | Appraisal of collateral |  |  | (1 | ) |  | Liquidation expenses |  |  | 10 | %
|  | December 31, 2024 |
|  | Quantitative Information About Level III Fair Value Measurements |
(In Thousands) |  | Fair Value |  |  | Valuation Techniques |  |  |  |  | Unobservable Input |  | Range (Weighted Average) |
Loans individually evaluated |  | $ | 21,519 |  |  | Appraisal of collateral |  |  | (1 | ) |  | Liquidation expenses |  |  | 10 | %
(1) Fair value is generally determined through independent appraisals of the underlying collateral, which include various Level III inputs that are not identifiable.

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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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