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Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Fair Values of Financial Instruments [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

		Fair Value Measurement Reporting Date using
Description		Total			Level 1			Level 2			Level 3
December 31, 2024
ASSETS
U.S. Treasury securities		$	19,598		$	19,598		$	—		$	—
U.S. Government agencies			11,364			—			11,364			—
States and political subdivisions			87,274			—			87,274			—
Mortgage-backed securities-government
sponsored entities			279,609			—			279,609			—
Interest rate derivatives			1,193			—			1,193			—
LIABILITIES
Interest rate derivatives			1,193			—			1,193			—
December 31, 2023
ASSETS
U.S. Treasury securities		$	53,600		$	—		$	53,600		$	—
U.S. Government agencies			15,996			—			15,996			—
States and political subdivisions			129,479			—			129,479			—
Mortgage-backed securities-government
sponsored entities			207,184			—			207,184			—
Interest rate derivatives			1,225			—			1,225			—
LIABILITIES
Interest rate derivatives			1,225			—			1,225			—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

		Fair Value Measurement Reporting Date using
Description		Total			Level 1			Level 2			Level 3
December 31, 2024
Individually analyzed loans held for investment		$	9,363		$	—		$	—		$	9,363
Foreclosed real estate			—			—			—			—
December 31, 2023
Individually analyzed loans held for investment		$	7,487		$	—		$	—		$	7,487
Foreclosed real estate			97			—			—			97

Additional Qualitative Information about Level 3 Assets

	Quantitative Information about Level 3 Fair Value Measurements
(dollars in thousands)	Fair Value Estimate			Valuation Techniques		Unobservable Input		Range (Weighted Average)
December 31, 2024
Individually analyzed loans held for investment	$	9,363		Appraisal of collateral(1)		Appraisal adjustments(2)		0%-50.0% (8.01%)
Foreclosed real estate owned	$	—		Appraisal of collateral(1)		Liquidation Expenses(2)		0%

	Quantitative Information about Level 3 Fair Value Measurements
(dollars in thousands)	Fair Value Estimate			Valuation Techniques		Unobservable Input		Range (Weighted Average)
December 31, 2023
Individually analyzed loans held for investment	$	7,487		Appraisal of collateral(1)		Appraisal adjustments(2)		0%-10.0% (2.68%)
Foreclosed real estate owned	$	97		Appraisal of collateral(1)		Liquidation Expenses(2)		16.67%-37.20% (28.07%)

(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less any associated allowance.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Fair Value, by Balance Sheet Grouping

	Fair Value Measurements at December 31, 2024
	Carrying			Fair
	Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and cash equivalents (1)	$	72,339		$	72,339		$	72,339		$	—		$	—
Loans receivable, net		1,693,795			1,687,128			—			—			1,687,128
Mortgage servicing rights		199			575			—			—			575
Regulatory stock (1)		13,366			13,366			13,366			—			—
Bank owned life insurance (1)		46,657			46,657			46,657			—			—
Accrued interest receivable (1)		8,466			8,466			8,466			—			—
Financial liabilities:
Deposits		1,859,163			1,788,123			1,023,619			—			764,504
Short-term borrowings (1)		113,069			113,069			113,069			—			—
Other borrowings		101,793			102,220			—			—			102,220
Accrued interest payable (1)		12,615			12,615			12,615			—			—
Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		—			—			—			—			—

	Fair Value Measurements at December 31, 2023
	Carrying			Fair
	Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and cash equivalents (1)	$	66,120		$	66,120		$	66,120		$	—		$	—
Loans receivable, net		1,584,650			1,521,667			—			—			1,521,667
Mortgage servicing rights		188			506			—			—			506
Regulatory stock (1)		7,318			7,318			7,318			—			—
Bank owned life insurance (1)		46,439			46,439			46,439			—			—
Accrued interest receivable (1)		8,123			8,123			8,123			—			—
Financial liabilities:
Deposits		1,795,159			1,800,104			1,086,050			—			714,054
Short-term borrowings (1)		74,076			74,076			74,076			—			—
Other borrowings		124,236			124,058			—			—			124,058
Accrued interest payable (1)		10,510			10,510			10,510			—			—
Off-balance sheet financial instruments:
Commitments to extend credit and outstanding letters of credit		—			—			—			—			—

(1) This financial instrument is carried at cost, which approximates the fair value of the instrument.

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

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X

- 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

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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

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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://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

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