XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.26.1

FAIR VALUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
FAIR VALUE |
Schedule of assets measured at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Significant | ​ |  | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Observable | ​ | Unobservable
​ | ​ | Total at | ​ | Identical Assets | ​ | Inputs | ​ | Inputs
(dollars in thousands) | ​ ​ ​ | March 31, 2026 | ​ ​ ​ | (Level 1) | ​ ​ ​ | (Level 2) | ​ ​ ​ | (Level 3)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential government-sponsored mortgage-backed securities | ​ | $ | 71,915 | ​ | $ | — | ​ | $ | 71,915 | ​ | $ | —
Obligations of states and political subdivisions | ​ |  | 5,227 | ​ |  | — | ​ |  | 5,227 | ​ |  | —
Corporate securities | ​ |  | 6,770 | ​ |  | — | ​ |  | 6,770 | ​ |  | —
Residential government-sponsored collateralized mortgage obligations | ​ |  | 65,628 | ​ |  | — | ​ |  | 65,628 | ​ |  | —
Agency commercial mortgage-backed securities | ​ |  | 16,074 | ​ |  | — | ​ |  | 16,074 | ​ |  | —
SBA pool securities | ​ |  | 6,263 | ​ |  | — | ​ |  | 6,263 | ​ |  | —
​ |  | ​ | 171,877 |  | ​ | — |  | ​ | 171,877 |  | ​ | —
Loans held for investment | ​ | ​ | 150,074 | ​ | ​ | — | ​ | ​ | 150,074 | ​ | ​ | —
Loans held for sale, at fair value | ​ | ​ | 181,715 | ​ |  | — | ​ |  | 181,715 | ​ |  | —
Mortgage banking financial assets | ​ | ​ | 461 | ​ |  | — | ​ |  | — | ​ |  | 461
Mortgage banking derivative assets | ​ | ​ | 2,977 | ​ |  | — | ​ |  | — | ​ | ​ | 2,977
Investment in Panacea Financial Holdings, Inc. common stock | ​ | ​ | 6,899 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,899
Total assets | ​ | $ | 514,003 | ​ | $ | — | ​ | $ | 503,666 | ​ | $ | 10,337
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps, net | ​ | $ | 115 | ​ | $ | — | ​ | $ | 115 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Significant | ​ |  | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Observable | ​ | Unobservable
​ | ​ | Total at | ​ | Identical Assets | ​ | Inputs | ​ | Inputs
(dollars in thousands) | ​ ​ ​ | December 31, 2025 | ​ ​ ​ | (Level 1) | ​ ​ ​ | (Level 2) | ​ ​ ​ | (Level 3)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available-for-sale securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential government-sponsored mortgage-backed securities | ​ | $ | 71,806 | ​ | $ | — | ​ | $ | 71,806 | ​ | $ | —
Obligations of states and political subdivisions | ​ |  | 5,778 | ​ |  | — | ​ |  | 5,778 | ​ |  | —
Corporate securities | ​ |  | 6,579 | ​ |  | — | ​ |  | 6,579 | ​ |  | —
Residential government-sponsored collateralized mortgage obligations | ​ |  | 63,807 | ​ |  | — | ​ |  | 63,807 | ​ |  | —
Government-sponsored agency securities | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Agency commercial mortgage-backed securities | ​ |  | 16,965 | ​ |  | — | ​ |  | 16,965 | ​ |  | —
SBA pool securities | ​ |  | 6,442 | ​ |  | — | ​ |  | 6,442 | ​ |  | —
​ |  | ​ | 171,377 |  | ​ | — |  | ​ | 171,377 |  | ​ | —
Loans held for investment | ​ | ​ | 150,178 | ​ | ​ | — | ​ | ​ | 150,178 | ​ | ​ | —
Loans held for sale, at fair value | ​ | ​ | 166,066 | ​ |  | — | ​ |  | 166,066 | ​ |  | —
Consumer Program derivative | ​ | ​ | 159 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 159
Mortgage banking financial assets | ​ | ​ | 169 | ​ |  | — | ​ |  | — | ​ |  | 169
Mortgage banking derivative assets | ​ | ​ | 1,389 | ​ |  | — | ​ |  | — | ​ | ​ | 1,389
Investment in Panacea Financial Holdings, Inc. common stock | ​ | ​ | 6,899 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,899
Total assets | ​ | $ | 496,237 | ​ | $ | — | ​ | $ | 487,621 | ​ | $ | 8,616
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps, net | ​ | $ | 214 | ​ | $ | — | ​ | $ | 214 | ​ | $ | —
Mortgage banking derivative liabilities | ​ | ​ | 121 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121
Total liabilities | ​ | $ | 335 | ​ | $ | — | ​ | $ | 214 | ​ | $ | 121
Schedule of assets measured at fair value on non recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Significant | ​ | ​ |
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Observable | ​ | Unobservable
​ | ​ | Total at | ​ | Identical Assets | ​ | Inputs | ​ | Inputs
(dollars in thousands) | ​ ​ ​ | March 31, 2026 | ​ ​ ​ | (Level 1) | ​ ​ ​ | (Level 2) | ​ ​ ​ | (Level 3)
Collateral dependent loans | ​ | $ | 76,875 | ​ | $ | — | ​ | $ | — |  | $ | 76,875
Loans held for sale, at lower of cost or market | ​ | ​ | 41,465 | ​ | ​ | 41,465 | ​ | ​ | — | ​ | ​ | —
Assets held for sale | ​ | ​ | 776 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 776
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Observable | ​ | Unobservable
​ | ​ | Total at | ​ | Identical Assets | ​ | Inputs | ​ | Inputs
(dollars in thousands) | ​ ​ ​ | December 31, 2025 | ​ ​ ​ | (Level 1) | ​ ​ ​ | (Level 2) | ​ ​ ​ | (Level 3)
Collateral dependent loans | ​ | $ | 66,879 | ​ | $ | — | ​ | $ | — |  | $ | 66,879
Assets held for sale | ​ | ​ | 776 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 776
Schedule of estimated fair values and fair value hierarchy levels of financial instruments | The carrying amount, estimated fair values and fair value hierarchy levels of financial instruments were as follows for the periods indicated ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | March 31, 2026 | ​ | December 31, 2025
​ | ​ ​ ​ | Fair Value | ​ ​ ​ | Carrying | ​ ​ ​ | Fair | ​ ​ ​ | Carrying | ​ ​ ​ | Fair
​ | ​ | Hierarchy Level | ​ | Amount | ​ | Value | ​ | Amount | ​ | Value
Financial assets: |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Cash and cash equivalents |  | Level 1 | ​ | $ | 159,881 | ​ | $ | 159,881 | ​ | $ | 143,607 | ​ | $ | 143,607
Securities available-for-sale |  | Level 2 | ​ |  | 171,877 | ​ |  | 171,877 | ​ |  | 171,377 | ​ |  | 171,377
Securities held-to-maturity |  | Level 2 | ​ |  | 6,792 | ​ |  | 6,343 | ​ |  | 6,981 | ​ |  | 6,560
Stock in Federal Reserve Bank and Federal Home Loan Bank |  | Level 2 | ​ |  | 24,162 | ​ |  | 24,162 | ​ |  | 14,185 | ​ |  | 14,185
Preferred investment in mortgage company |  | Level 2 | ​ |  | 3,005 | ​ | ​ | 3,005 | ​ |  | 3,005 | ​ | ​ | 3,005
Net loans |  | Level 2 and 3 | ​ |  | 3,349,985 | ​ |  | 3,295,401 | ​ |  | 3,237,800 | ​ |  | 3,182,264
Loans held for sale, at fair value |  | Level 2 | ​ |  | 181,715 | ​ | ​ | 181,715 | ​ |  | 166,066 | ​ | ​ | 166,066
Loans held for sale, at lower of cost or market | ​ | Level 1 | ​ | ​ | 41,465 | ​ | ​ | 42,605 | ​ | ​ | — | ​ | ​ | —
Mortgage banking financial assets | ​ | Level 3 | ​ | ​ | 461 | ​ | ​ | 461 | ​ | ​ | 169 | ​ | ​ | 169
Mortgage banking derivative assets |  | Level 3 | ​ |  | 2,977 | ​ |  | 2,977 | ​ |  | 1,389 | ​ |  | 1,389
Investment in Panacea Financial Holdings, Inc. common stock | ​ | Level 3 | ​ | ​ | 6,899 | ​ | ​ | 6,899 | ​ | ​ | 6,899 | ​ | ​ | 6,899
Financial liabilities: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Demand deposits and NOW accounts |  | Level 2 | ​ | $ | 1,385,696 | ​ | $ | 1,385,696 | ​ | $ | 1,417,177 | ​ | $ | 1,417,177
Money market and savings accounts |  | Level 2 | ​ |  | 1,721,213 | ​ |  | 1,721,213 | ​ |  | 1,663,223 | ​ |  | 1,663,223
Time deposits |  | Level 3 | ​ |  | 316,156 | ​ |  | 314,198 | ​ |  | 315,185 | ​ |  | 313,792
Securities sold under agreements to repurchase |  | Level 1 | ​ |  | 3,525 | ​ |  | 3,525 | ​ |  | 3,552 | ​ |  | 3,552
Interest rate swaps, net | ​ | Level 2 | ​ | ​ | 115 | ​ | ​ | 115 | ​ | ​ | 214 | ​ | ​ | 214
FHLB advances |  | Level 1 | ​ |  | 230,000 | ​ |  | 230,000 | ​ |  | 25,000 | ​ |  | 25,000
Junior subordinated debt |  | Level 2 | ​ |  | 9,941 | ​ |  | 11,957 | ​ |  | 9,929 | ​ |  | 12,151
Senior subordinated notes |  | Level 2 | ​ |  | 59,370 | ​ |  | 62,025 | ​ |  | 86,233 | ​ |  | 90,813
Secured borrowings | ​ | Level 3 | ​ | ​ | 14,450 | ​ | ​ | 14,450 | ​ | ​ | 14,773 | ​ | ​ | 14,773
Mortgage banking derivative liabilities | ​ | Level 3 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121 | ​ | ​ | 121
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

X
- 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
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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://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
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration