XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.26.1

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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 December 31, 2025: |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |
U.S. government and federal agencies | $ | 438,323 |  |  | $ | 437,339 |  |  | $ | 984 |  |  | $ | — |
Mortgage-backed securities | 5,327 |  |  | — |  |  | 5,327 |  |  | — |
Corporate bonds | 62,908 |  |  | 489 |  |  | 62,419 |  |  | — |
State and municipal securities | 102,246 |  |  | — |  |  | 102,246 |  |  | — |
Total available for sale securities | $ | 608,804 |  |  | $ | 437,828 |  |  | $ | 170,976 |  |  | $ | — |
Equity securities | 547 |  |  | 547 |  |  | — |  |  | — |
Total | $ | 609,351 |  |  | $ | 438,375 |  |  | $ | 170,976 |  |  | $ | — |
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 December 31, 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 December 31, 2025: |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 586,630 |  |  | $ | 586,630 |  |  | $ | — |  |  | $ | — |  |  | $ | 586,630 |
Securities available for sale | 608,804 |  |  | 437,828 |  |  | 170,976 |  |  | — |  |  | 608,804 |
Securities held to maturity, net | 256,510 |  |  | 85,681 |  |  | 159,595 |  |  | — |  |  | 245,276 |
Equity securities | 547 |  |  | 547 |  |  | — |  |  | — |  |  | 547 |
Restricted securities | 3,383 |  |  | — |  |  | 3,383 |  |  | — |  |  | 3,383 |
Loans, net | 270,663 |  |  | — |  |  | — |  |  | 265,971 |  |  | 265,971 |
Accrued interest receivable | 7,108 |  |  | — |  |  | 7,108 |  |  | — |  |  | 7,108 |
Financial liabilities: |  |  |  |  |  |  |  |  |
Time deposits | 9,233 |  |  | — |  |  | — |  |  | 9,204 |  |  | 9,204 |
Accrued interest payable | 32 |  |  | — |  |  | 32 |  |  | — |  |  | 32 |
| 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 |

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