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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table presents the balances of financial assets measured at fair value on a recurring basis (dollars in thousands):

									Fair Value Measurements Using
Financial Assets			Balances						Level 1						Level 2						Level 3
As of September 30, 2025:
Available for sale securities:
U.S. government and federal agencies			$	384,022					$	382,543					$	1,479					$	—
Mortgage backed securities			5,979						—						5,979						—
Corporate bonds			56,852						494						56,358						—
State and municipal securities			100,916						—						100,916						—
Total available for sale securities			$	547,769					$	383,037					$	164,732					$	—
Equity securities			542						542						—						—
Total			$	548,311					$	383,579					$	164,732					$	—
As of December 31, 2024:
Available for sale securities:
U.S. government and federal agencies			$	206,403					$	204,452					$	1,951					$	—
Mortgage backed securities			7,395						—						7,395						—
Corporate bonds			43,974						480						43,494						—
State and municipal securities			100,557						—						100,557						—
Total available for sale securities			$	358,329					$	204,932					$	153,397					$	—
Equity securities			515						515						—						—
Total			$	358,844					$	205,447					$	153,397					$	—

Schedule of Fair Value, by Balance Sheet Grouping

The following tables present the carrying value and estimated fair value including the level within the fair value hierarchy of the Company’s financial instruments as of September 30, 2025 and December 31, 2024 (dollars in thousands):

			Carrying Amount						Fair Value Measurements Using																		Total Fair Value
									Level 1						Level 2						Level 3
As of September 30, 2025:
Financial assets:
Cash and due from banks			$	395,683					$	395,683					$	—					$	—					$	395,683
Securities available for sale			547,769						383,037						164,732						—						547,769
Securities held to maturity, net			283,780						104,072						167,067						—						271,139
Equity securities			542						542						—						—						542
Restricted securities			3,383						—						3,383						—						3,383
Loans, net			279,974						—						—						273,619						273,619
Accrued interest receivable			7,082						—						7,082						—						7,082
Financial liabilities:
Time deposits			9,422						—						—						9,376						9,376
Accrued interest payable			26						—						26						—						26

			Carrying Amount						Fair Value Measurements Using																		Total Fair Value
									Level 1						Level 2						Level 3
As of December 31, 2024:
Financial assets:
Cash and due from banks			$	410,739					$	410,739					$	—					$	—					$	410,739
Securities available for sale			358,329						204,932						153,397						—						358,329
Securities held to maturity, net			300,451						107,593						171,358						—						278,951
Equity securities			515						515						—						—						515
Restricted securities			2,886						—						2,886						—						2,886
Loans held for sale			316						—						316						—						316
Loans, net			308,773						—						—						294,316						294,316
Accrued interest receivable			4,231						—						4,231						—						4,231
Financial liabilities:
Time deposits			11,711						—						—						11,650						11,650
Accrued interest payable			46						—						46						—						46

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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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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

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