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Fair Value (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis, Including Financial Assets And Liabilities

Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:

		Fair Value Measurements at June 30, 2025 using Significant Other Observable Inputs
		(Level 2)
		(unaudited)
Financial Assets:
Securities available for sale:
Corporate debt		$		8,000
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury				996
Total securities available for sale		$		8,996
Loans held for sale		$		1,613
Derivative assets		$		3,585
Financial Liabilities:
Derivative liabilities		$		3,585

		Fair Value Measurements at December 31, 2024 using Significant Other Observable Inputs
		(Level 2)
Financial Assets:
Securities available for sale:
Corporate debt		$		7,700
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury				983
Total securities available for sale		$		8,683
Loans held for sale		$		2,623
Derivative assets		$		3,730
Financial Liabilities:
Derivative liabilities		$		3,730

Assets Measured At Fair Value On A Non-Recurring Basis

Assets and liabilities measured at fair value on a non-recurring basis at June 30, 2025 are summarized below:

Fair Value Measurements at June 30, 2025 Using
Significant Unobservable Inputs (Level 3)
(unaudited)
Collateral dependent impaired loans:
Commercial	$	1,131
Total collateral dependent impaired loans	$	1,131

There were no assets or liabilities measured at fair value on a non-recurring basis at December 31, 2024.

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

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring bases at June 30, 2025:

			Fair Value		Valuation Technique(s)		Unobservable Inputs		Weighted Average
Collateral dependent impaired loans:
Commercial:		$	1,131		Comparable sales approach		Adjustment for differences between the stated value and net realizable value		10.00%

Aggregate Fair Value, Contractual Balance And Gain Or Loss

As of June 30, 2025 and December 31, 2024, the aggregate fair value, contractual balance and gain or loss on loans held for sale were as follows:

		June 30, 2025					December 31, 2024
		(unaudited)
Aggregate fair value		$		1,613			$		2,623
Contractual balance				1,613					2,623
Gain (loss)		$		—			$		—

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

The total amount of gains and losses from changes in fair value included in earnings for the three and six months ended June 30, 2025 and 2024 for loans held for sale were:

		Three months ended June 30,										Six months ended June 30,
		2025					2024					2025					2024
		(unaudited)										(unaudited)
Interest income		$		42			$		31			$		77			$		59
Interest expense				—					—					—					—
Change in fair value				—					—					—					—
Total change in fair value		$		42			$		31			$		77			$		59

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The carrying amounts and estimated fair values of financial instruments at June 30, 2025 were as follows:

		Fair Value Measurements at June 30, 2025 Using:
		Carrying
(unaudited)		Value					Level 1					Level 2					Level 3					Total
Financial Assets
Cash and cash equivalents		$		275,684			$		275,684			$		—			$		—			$		275,684
Interest-bearing deposits in other financial    institutions				100					100					—					—					100
Securities available for sale				8,996					—					8,996					—					8,996
Loans held for sale				1,613					—					1,613					—					1,613
Loans and leases, net				1,754,808					—					—					1,740,694					1,740,694
FHLB and FRB stock				8,031				n/a					n/a					n/a					n/a
Accrued interest receivable				8,470					154					70					8,246					8,470
Derivative assets				3,585					—					3,585					—					3,585
Financial Liabilities
Deposits		$		(1,809,848	)		$		(1,073,833	)		$		(736,339	)		$		—			$		(1,810,172	)
FHLB advances and other borrowings				(100,947	)				—					(103,524	)				—					(103,524	)
Advances by borrowers for taxes and    insurance				(374	)				—					—					(374	)				(374	)
Subordinated debentures				(15,019	)				—					(16,875	)				—					(16,875	)
Accrued interest payable				(2,229	)				—					(2,229	)				—					(2,229	)
Derivative liabilities				(3,585	)				—					(3,585	)				—					(3,585	)

The carrying amounts and estimated fair values of financial instruments at December 31, 2024 were as follows:

		Fair Value Measurements at December 31, 2024 Using:
		Carrying
		Value					Level 1					Level 2					Level 3					Total
Financial Assets
Cash and cash equivalents		$		235,272			$		235,272			$		—			$		—			$		235,272
Interest-bearing deposits in other financial    institutions				100					100					—					—					100
Securities available for sale				8,683					—					8,683					—					8,683
Equity securities				5,000					—					5,000					—					5,000
Loans held for sale				2,623					—					2,623					—					2,623
Loans and leases, net				1,722,019					—					—					1,691,030					1,691,030
FHLB and FRB stock				8,918				n/a					n/a					n/a					n/a
Accrued interest receivable				8,395					182					151					8,062					8,395
Derivative assets				3,730					—					3,730					—					3,730
Financial Liabilities
Deposits		$		(1,755,795	)		$		(1,065,780	)		$		(689,282	)		$		—			$		(1,755,062	)
FHLB advances and other borrowings				(92,680	)				—					(94,414	)				—					(94,414	)
Advances by borrowers for taxes and    insurance				(2,238	)				—					—					(2,238	)				(2,238	)
Subordinated debentures				(15,000	)				—					(17,021	)				—					(17,021	)
Accrued interest payable				(2,259	)				—					(2,259	)				—					(2,259	)
Derivative liabilities				(3,730	)				—					(3,730	)				—					(3,730	)

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- Definition

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 the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

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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 the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of information about asset and liability measured at fair value under fair value option.

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