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Fair Value (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities

Fair Value Measurements at
‎ June 30, 2024 using Significant
‎Other Observable Inputs

(Level 2)

(unaudited)

Financial Assets:

Securities available for sale:

Corporate debt

$

7,150

Issued by U.S. government-sponsored entities and agencies:

U.S. Treasury

1,173

Total securities available for sale

$

8,323

Loans held for sale

$

3,187

Derivative assets

$

3,983

Financial Liabilities:

Derivative liabilities

$

3,983

Fair Value Measurements at
‎ December 31, 2023 using Significant
‎Other Observable Inputs

(Level 2)

Financial Assets:

Securities available for sale:

Corporate debt

$

7,100

Issued by U.S. government-sponsored entities and agencies:

U.S. Treasury

988

Mortgage-backed securities - residential

4

Total securities available for sale

$

8,092

Loans held for sale

$

1,849

Derivative assets

$

4,710

Financial Liabilities:

Derivative liabilities

$

4,710
Assets Measured At Fair Value On A Non-Recurring Basis

Fair Value Measurements at June 30, 2024 Using

Significant Unobservable Inputs (Level 3)

(unaudited)

Collateral dependent impaired loans:

Commercial

$

124

Total collateral dependent impaired loans

$

124

Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2023 are summarized below:

Fair Value Measurements at December 31, 2023 Using

Significant Unobservable Inputs (Level 3)

Collateral dependent impaired loans:

Commercial

$

403

Total collateral dependent impaired loans

$

403
Financial Instruments Measured At Fair Value On A Non-Recurring Basis

Fair Value

Valuation Technique(s)

Unobservable Inputs

Weighted Average

Collateral dependent impaired loans:

Commercial

$

124 

Comparable sales approach

Adjustment for differences between the stated value and net realizable value

10.00%

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2023:

Fair Value

Valuation Technique(s)

Unobservable Inputs

Weighted Average

Collateral dependent impaired loans:

Commercial

$

403 

Comparable sales approach

Adjustment for differences between the stated value and net realizable value

10.43%
Aggregate Fair Value, Contractual Balance And Gain Or Loss

June 30, 2024

December 31, 2023

(unaudited)

Aggregate fair value

$

3,187

$

1,849

Contractual balance

3,187

1,849

Gain (loss)

$

-  

$

-  
Total Amount Of Gains And Losses From Changes In Fair Value Included In Earnings

Three months ended June 30,

Six months ended June 30,

2024

2023

2024

2023

(unaudited)

(unaudited)

Interest income

$

31

$

10

$

59

$

13

Interest expense

-  

-  

-  

-  

Change in fair value

-  

-  

-  

-  

Total change in fair value

$

31

$

10

$

59

$

13
Carrying Amounts And Estimated Fair Values Of Financial Instruments The carrying amounts and estimated fair values of financial instruments at June 30, 2024 were as follows:

Fair Value Measurements at June 30, 2024 Using:

Carrying

(unaudited)

Value

Level 1

Level 2

Level 3

Total

Financial Assets

Cash and cash equivalents

$

241,775

$

241,775

$

-  

$

-  

$

241,775

Interest-bearing deposits in other financial institutions

100

100

-  

-  

100

Securities available for sale

8,323

-  

8,323

-  

8,323

Equity securities

5,000

-  

5,000

-  

5,000

Loans held for sale

3,187

-  

3,187

-  

3,187

Loans and leases, net

1,687,695

-  

-  

1,651,370

1,651,370

FHLB and FRB stock

9,830

n/a

n/a

n/a

n/a

Accrued interest receivable

9,559

140

137

9,282

9,559

Derivative assets

3,983

-  

3,983

-  

3,983

Financial Liabilities

Deposits

$

(1,696,476)

$

(1,018,376)

$

(675,034)

$

-  

$

(1,693,410)

FHLB advances and other borrowings

(137,163)

-  

(135,389)

-  

(135,389)

Advances by borrowers for taxes and insurance

(154)

-  

-  

(154)

(154)

Subordinated debentures

(14,980)

-  

(17,165)

-  

(17,165)

Accrued interest payable

(3,058)

-  

(3,058)

-  

(3,058)

Derivative liabilities

(3,983)

-  

(3,983)

-  

(3,983)

The carrying amounts and estimated fair values of financial instruments at December 31, 2023 were as follows:

Fair Value Measurements at December 31, 2023 Using:

Carrying

Value

Level 1

Level 2

Level 3

Total

Financial Assets

Cash and cash equivalents

$

261,595

$

261,595

$

-  

$

-  

$

261,595

Interest-bearing deposits in other financial institutions

100

100

-  

-  

100

Securities available for sale

8,092

-  

8,092

-  

8,092

Equity securities

5,000

-  

5,000

-  

5,000

Loans held for sale

1,849

-  

1,849

-  

1,849

Loans and leases, net

1,694,133

-  

-  

1,670,885

1,670,885

FHLB and FRB stock

8,482

n/a

n/a

n/a

n/a

Accrued interest receivable

9,210

171

125

8,914

9,210

Derivative assets

4,710

-  

4,710

-  

4,710

Financial Liabilities

Deposits

$

(1,744,057)

$

(1,080,605)

$

(659,492)

$

-  

$

(1,740,097)

FHLB advances and other borrowings

(109,995)

-  

(108,294)

-  

(108,294)

Advances by borrowers for taxes and insurance

(2,179)

-  

-  

(2,179)

(2,179)

Subordinated debentures

(14,961)

-  

(17,345)

-  

(17,345)

Accrued interest payable

(2,680)

-  

(2,680)

-  

(2,680)

Derivative liabilities

(4,710)

-  

(4,710)

-  

(4,710)