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Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, by Balance Sheet Grouping

The carrying amount and estimated fair value by classification level of the Company’s financial instruments as of September 30, 2025 and December 31, 2024 are as follows: 

Schedule of Fair Value, by Balance Sheet Grouping

		September 30, 2025
		Carrying				Fair Value
(Dollars in thousands)		Amount				Total				Level 1				Level 2				Level 3
Financial Assets:
Cash, interest-bearing deposits in other banks, and fed funds sold		$	193,593			$	193,593			$	193,593			$	—			$	—
Available-for-sale securities			299,529				299,529				—				299,529				—
Held-to-maturity securities, net of allowance for credit losses			198,805				191,270				—				191,270				—
Other investments, at cost			2,942				2,942				—				—				2,942
Loans held for sale			8,970				8,970				—				8,970				—
Derivative financial instruments			144				144				—				144				—
Net loans receivable			1,265,832				1,238,094				—				—				1,238,094
Accrued interest receivable			6,233				6,233				6,233				—				—
Financial liabilities:
Non-interest bearing demand		$	483,260			$	483,260			$	—			$	483,260			$	—
Interest bearing demand deposits and money market accounts			845,254				845,254				—				845,254				—
Savings			105,434				105,434				—				105,434				—
Time deposits			337,217				333,335				—				333,335				—
Total deposits			1,771,164				1,767,283				—				1,767,283				—
Securities sold under agreements to repurchase			99,614				99,614				—				99,614				—
Derivative financial instruments			131				131				—				131				—
Junior subordinated debentures			14,964				12,917				—				12,917				—
Accrued interest payable			4,160				4,160				4,160				—				—

		December 31, 2024
		Carrying				Fair Value
(Dollars in thousands)		Amount				Total				Level 1				Level 2				Level 3
Financial Assets:
Cash, interest-bearing deposits in other banks, and fed funds sold		$	149,828			$	149,828			$	149,828			$	—			$	—
Available-for-sale securities			279,582				279,582				—				279,582				—
Held-to-maturity securities			209,413				196,040				—				196,040				—
Other investments, at cost			2,679				2,679				—				—				2,679
Loans held for sale			9,662				9,662				—				9,662				—
Derivative financial instruments			896				896				—				896				—
Net loans receivable			1,207,407				1,160,013				—				—				1,160,013
Accrued interest receivable			6,084				6,084				6,084				—				—
Financial liabilities:
Non-interest bearing demand		$	462,717			$	462,717			$	—			$	462,717			$	—
Interest bearing demand deposits and money market accounts			770,595				770,595				—				770,595				—
Savings			113,928				113,928				—				113,928				—
Time deposits			328,661				321,258				—				321,258				—
Total deposits			1,675,901				1,668,498				—				1,668,498				—
Securities sold under agreements to repurchase			103,110				103,110				—				103,110				—
Junior subordinated debentures			14,964				13,042				—				13,042				—
Accrued interest payable			4,666				4,666				4,666				—				—

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2025 and December 31, 2024 that are measured on a recurring basis.

Schedule of Fair Value, Assets Measured on Recurring Basis

(Dollars in thousands)		September 30, 2025
Description		Total				Level 1				Level 2				Level 3
Available- for-sale securities
US Treasury securities		$	23,873			$	—			$	23,873			$	—
Government Sponsored Enterprises			2,240				—				2,240				—
Mortgage-backed securities			257,306				—				257,306				—
Small Business Administration pools			9,279				—				9,279				—
Corporate and other securities			6,831				—				6,831				—
Total Available-for-sale securities			299,529				—				299,529				—
Derivative financial instruments			144				—				144				—
Loans held for sale			8,970				—				8,970				—
Total		$	308,643			$	—			$	308,643			$	—
(Dollars in thousands)		December 31, 2024
Description		Total				Level 1				Level 2				Level 3
Available- for-sale securities
US Treasury securities		$	13,240			$	—			$	13,240			$	—
Government Sponsored Enterprises			2,110				—				2,110				—
Mortgage-backed securities			244,204				—				244,204				—
Small Business Administration pools			12,079				—				12,079				—
Corporate and other securities			7,949				—				7,949				—
Total Available-for-sale securities			279,582				—				279,582				—
Derivative financial instruments			896				—				896				—
Loans held for sale			9,662				—				9,662				—
Total		$	290,140			$	—			$	290,140			$	—

Schedule of Fair Value, Liabilities Measured on Recurring Basis

The following table summarizes quantitative disclosures about the fair value for each category of liabilities carried at fair value as of September 30, 2025 that are measured on a recurring basis. There were no liabilities carried at fair value as of December 31, 2024 that are measured on a recurring basis.

Schedule of Fair Value, Liabilities Measured on Recurring Basis

(Dollars in thousands)		September 30, 2025
Description		Total				Level 1				Level 2				Level 3
Derivative financial instruments		$	131			$	—			$	131			$	—

Schedule of Fair Value, Assets Measured on Non-Recurring Basis

The following tables summarize quantitative disclosures about the fair value for each category of assets carried at fair value as of September 30, 2025 and December 31, 2024 that are measured on a non-recurring basis. There were no Level 3 financial instruments as of September 30, 2025 and December 31, 2024 measured on a recurring basis.

Schedule of Fair Value, Assets Measured on Non-Recurring Basis

(Dollars in thousands)		September 30, 2025
Description		Total				Level 1				Level 2				Level 3
Other real estate owned:		$	194				—				—			$	194
(Dollars in thousands)		December 31, 2024
Description		Total				Level 1				Level 2				Level 3
Other real estate owned:		$	543				—				—			$	543

Schedule of Fair Value Measurement Inputs and Valuation Techniques

For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of September 30, 2025 and December 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows:

Schedule of Fair Value Measurement Inputs and Valuation Techniques

(Dollars in thousands)		Fair Value as of September 30, 2025				Valuation Technique		Significant Observable Inputs		Significant Unobservable Inputs
OREO		$	194			Appraisal Value/Comparison Sales/Other estimates		Appraisals and/or sales of comparable properties		Appraisals discounted 6% to 16% for sales commissions and other holding cost
(Dollars in thousands)		Fair Value as of December 31, 2024				Valuation Technique		Significant Observable Inputs		Significant Unobservable Inputs
OREO		$	543			Appraisal Value/Comparison Sales/Other estimates		Appraisals and/or sales of comparable properties		Appraisals discounted 6% to 16% for sales commissions and other holding cost

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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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).

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Tabular disclosure of liabilities, 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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