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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value |
Summary of financial instruments measured on recurring basis |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2025 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U.S. Treasuries |  | $ | 7,543 |  |  |  | - |  |  |  | 7,543 |  |  |  | - |
U.S. Government sponsored enterprises |  |  | 5,268 |  |  |  | - |  |  |  | 5,268 |  |  |  | - |
GSE - Mortgage-backed securities |  |  | 215,083 |  |  |  | - |  |  |  | 215,083 |  |  |  | - |
Private label mortgage-backed securities |  |  | 39,702 |  |  |  | - |  |  |  | 39,702 |  |  |  | - |
State and political subdivisions |  |  | 109,272 |  |  |  | - |  |  |  | 109,272 |  |  |  | - |
Mutual funds held in deferred compensation trust |  |  | 2,754 |  |  |  | 2,754 |  |  |  | - |  |  |  | - |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2024 |
|  | Fair Value Measurements |  |  | Level 1 Valuation |  |  | Level 2 Valuation |  |  | Level 3 Valuation |
U.S. Treasuries |  | $ | 7,257 |  |  |  | - |  |  |  | 7,257 |  |  |  | - |
U.S. Government sponsored enterprises |  |  | 8,732 |  |  |  | - |  |  |  | 8,732 |  |  |  | - |
GSE - Mortgage-backed securities |  |  | 225,792 |  |  |  | - |  |  |  | 225,792 |  |  |  | - |
Private label mortgage-backed securities |  |  | 41,767 |  |  |  | - |  |  |  | 41,767 |  |  |  | - |
State and political subdivisions |  |  | 104,455 |  |  |  | - |  |  |  | 104,455 |  |  |  | - |
Mutual funds held in deferred compensation trust |  |  | 2,726 |  |  |  | 2,726 |  |  |  | - |  |  |  | - |
Summary of all fair value measurements for individually evaluated loans and other real estate |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
|  | Fair Value September 30, 2025 |  |  | Fair Value December 31, 2024 |  |  | Valuation Technique |  | Significant Unobservable Inputs |  | General Range of Significant Unobservable Input Values |
Individually evaluated loans |  | $ | 1,387 |  |  | $ | 1,646 |  |  | Appraised value |  | Discounts to reflect current market conditions and ultimate collectability |  | 0 - 50% |
Other real estate |  | $ | - |  |  | $ | 369 |  |  | Appraised value |  | Discounts to reflect current market conditions and estimated costs to sell |  | 0 - 25% |
Schedule of carrying amount and estimated fair value of the Company's financial instruments |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at September 30, 2025 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 117,016 |  |  |  | 117,016 |  |  |  | - |  |  |  | - |  |  |  | 117,016 |
Investment securities available for sale |  |  | 376,868 |  |  |  | - |  |  |  | 376,868 |  |  |  | - |  |  |  | 376,868 |
Other investments |  |  | 2,621 |  |  |  | - |  |  |  | - |  |  |  | 2,621 |  |  |  | 2,621 |
Mortgage loans held for sale |  |  | 1,390 |  |  |  | - |  |  |  | 1,390 |  |  |  | - |  |  |  | 1,390 |
Loans, net |  |  | 1,173,236 |  |  |  | - |  |  |  | - |  |  |  | 1,174,840 |  |  |  | 1,174,840 |
Mutual funds held in deferred compensation trust |  |  | 2,754 |  |  |  | 2,754 |  |  |  | - |  |  |  | - |  |  |  | 2,754 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,552,890 |  |  |  | - |  |  |  | 1,555,106 |  |  |  | - |  |  |  | 1,555,106 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Fair Value Measurements at December 31, 2024 |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 59,266 |  |  |  | 59,266 |  |  |  | - |  |  |  | - |  |  |  | 59,266 |
Investment securities available for sale |  |  | 388,003 |  |  |  | - |  |  |  | 388,003 |  |  |  | - |  |  |  | 388,003 |
Other investments |  |  | 2,728 |  |  |  | - |  |  |  | - |  |  |  | 2,728 |  |  |  | 2,728 |
Mortgage loans held for sale |  |  | 1,367 |  |  |  | - |  |  |  | 1,367 |  |  |  | - |  |  |  | 1,367 |
Loans, net |  |  | 1,128,409 |  |  |  | - |  |  |  | - |  |  |  | 1,123,864 |  |  |  | 1,123,864 |
Mutual funds held in deferred compensation trust |  |  | 2,726 |  |  |  | 2,726 |  |  |  | - |  |  |  | - |  |  |  | 2,726 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,484,731 |  |  |  | - |  |  |  | 1,487,475 |  |  |  | - |  |  |  | 1,487,475 |
Junior subordinated debentures |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |  |  |  | - |  |  |  | 15,464 |

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