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Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value of Assets and Liabilities

Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis

September 30, 2025

Fair Value Measurements Classified as

Assets/Liabilities at

(Dollars in thousands)

Level 1

Level 2

Level 3

Fair Value

Assets:

Securities available for sale

U.S. Treasury securities

$

—

$

4,851

$

—

$

4,851

U.S. government agencies and corporations

—

59,571

—

59,571

Mortgage-backed securities

—

204,460

—

204,460

Obligations of states and political subdivisions

—

148,568

—

148,568

Corporate and other debt securities

—

21,584

—

21,584

Total securities available for sale

—

439,034

—

439,034

Loans held for sale

—

33,478

—

33,478

Other investments

—

4,245

—

4,245

Rabbi trust assets

17,274

—

—

17,274

Derivatives

IRLC

—

805

—

805

Interest rate swaps on loans

—

2,735

—

2,735

Cash flow hedges

—

664

—

664

Total assets

$

17,274

$

480,961

$

—

$

498,235

Liabilities:

Derivatives

Interest rate swaps on loans

$

—

$

2,735

$

—

$

2,735

Cash flow hedges

—

225

—

225

Total liabilities

$

—

$

2,960

$

—

$

2,960


		December 31, 2024
		Fair Value Measurements Classified as									Assets/Liabilities at
(Dollars in thousands)		Level 1			Level 2			Level 3			Fair Value
Assets:
Securities available for sale
U.S. Treasury securities		$	—		$	10,700		$	—		$	10,700
U.S. government agencies and corporations			—			60,659			—			60,659
Mortgage-backed securities			—			182,436			—			182,436
Obligations of states and political subdivisions			—			143,610			—			143,610
Corporate and other debt securities			—			21,220			—			21,220
Total securities available for sale			—			418,625			—			418,625
Loans held for sale			—			20,112			—			20,112
Other investments			—			4,167			—			4,167
Rabbi trust assets			15,574			—			—			15,574
Derivatives
IRLC			—			585			—			585
Interest rate swaps on loans			—			4,636			—			4,636
Cash flow hedges			—			1,169			—			1,169
Total assets		$	15,574		$	449,294		$	—		$	464,868

Liabilities:
Derivatives
Interest rate swaps on loans		$	—		$	4,636		$	—		$	4,636
Total liabilities		$	—		$	4,636		$	—		$	4,636

Schedule of assets measured at fair value on a nonrecurring basis

September 30, 2025

Fair Value Measurements Classified as

Assets at Fair

(Dollars in thousands)

Level 1

Level 2

Level 3

Value

Other real estate owned, net

$

—

$

—

$

1,316

$

1,316

Total

$

—

$

—

$

1,316

$

1,316


		December 31, 2024
		Fair Value Measurements Classified as									Assets at Fair
(Dollars in thousands)		Level 1			Level 2			Level 3			Value
Other real estate owned, net		$	—		$	—		$	1,316		$	1,316
Total		$	—		$	—		$	1,316		$	1,316

Schedule of carrying amounts and estimated fair values of financial instruments

Carrying

Fair Value Measurements at September 30, 2025 Classified as

Total Fair

(Dollars in thousands)

Value

Level 1

Level 2

Level 3

Value

Financial assets:

Cash and short-term investments

$

97,368

$

96,091

$

1,277

$

—

$

97,368

Securities available for sale

439,034

—

439,034

—

439,034

Loans, net

1,968,777

—

—

1,954,039

1,954,039

Loans held for sale

33,478

—

33,478

—

33,478

Other investments

4,245

—

4,245

—

4,245

Rabbi trust assets

17,274

17,274

—

—

17,274

Derivatives

IRLC

805

—

805

—

805

Interest rate swaps on loans

2,735

—

2,735

—

2,735

Cash flow hedges

664

—

664

—

664

Bank-owned life insurance

21,547

—

21,547

—

21,547

Accrued interest receivable

10,965

10,965

—

—

10,965

Financial liabilities:

Demand and savings deposits

1,428,280

1,428,280

—

—

1,428,280

Time deposits

869,755

—

870,380

—

870,380

Borrowings

105,484

—

101,744

—

101,744

Derivatives

Interest rate swaps on loans

2,735

—

2,735

—

2,735

Cash flow hedges

225

—

225

—

225

Accrued interest payable

4,814

4,814

—

—

4,814


		Carrying			Fair Value Measurements at December 31, 2024 Classified as									Total Fair
(Dollars in thousands)		Value			Level 1			Level 2			Level 3			Value
Financial assets:
Cash and short-term investments		$	66,853		$	65,586		$	1,265		$	—		$	66,851
Securities available for sale			418,625			—			418,625			—			418,625
Loans, net			1,880,311			—			—			1,838,887			1,838,887
Loans held for sale			20,112			—			20,112			—			20,112
Other investments			4,167			—			4,167			—			4,167
Rabbi trust assets			15,574			15,574			—			—			15,574
Derivatives
IRLC			585			—			585			—			585
Interest rate swaps on loans			4,636			—			4,636			—			4,636
Cash flow hedges			1,169			—			1,169			—			1,169
Bank-owned life insurance			21,191			—			21,191			—			21,191
Accrued interest receivable			10,592			10,592			—			—			10,592
Financial liabilities:
Demand and savings deposits			1,352,531			1,352,531			—			—			1,352,531
Time deposits			818,329			—			819,276			—			819,276
Borrowings			114,440			—			105,533			—			105,533
Derivatives
Interest rate swaps on loans			4,636			—			4,636			—			4,636
Accrued interest payable			4,403			4,403			—			—			4,403