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Fair Value (Tables) | 9 Months Ended
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Sep. 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 September 30, 2025 using Significant Other Observable Inputs |
|  | (Level 2) |
|  | (unaudited) |
Financial Assets: |  |  |  |
Securities available for sale: |  |  |  |
Corporate debt |  | $ |  | 8,200 |
Issued by U.S. government-sponsored entities and agencies: |  |  |  |
U.S. Treasury |  |  |  | 999 |
Total securities available for sale |  | $ |  | 9,199 |
Loans held for sale |  | $ |  | 2,484 |
Derivative assets |  | $ |  | 3,977 |
Financial Liabilities: |  |  |  |
Derivative liabilities |  | $ |  | 3,977 |
|  | 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 September 30, 2025 are summarized below:
Fair Value Measurements at September 30, 2025 Using
Significant Unobservable Inputs (Level 3)
(unaudited)
Collateral dependent impaired loans: |  |
Commercial | $ | 766
Real Estate: |  |
Commercial: |  |
Owner occupied |  | 388
Total collateral dependent impaired loans | $ | 1,154
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 basis at September 30, 2025:
|  |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Inputs |  | Weighted Average
Collateral dependent impaired loans: |  |  |  |  |  |  |  |  |
Commercial |  | $ | 766 |  | Comparable sales approach |  | Adjustment for differences between the stated value and net realizable value |  | 8.00%
Real estate: |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |
Owner occupied |  |  | 388 |  | Comparable sales approach |  | Adjustment for differences between the comparable market transactions |  | 4.00%
Aggregate Fair Value, Contractual Balance And Gain Or Loss | As of September 30, 2025 and December 31, 2024, the aggregate fair value, contractual balance and gain or loss on loans held for sale were as follows:
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | (unaudited) |  |  |  |  |
Aggregate fair value |  | $ |  | 2,484 |  |  | $ |  | 2,623 |
Contractual balance |  |  |  | 2,484 |  |  |  |  | 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 nine months ended September 30, 2025 and 2024 for loans held for sale were:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (unaudited) |  |  | (unaudited) |
Interest income |  | $ |  | 40 |  |  | $ |  | 59 |  |  | $ |  | 117 |  |  | $ |  | 118 |
Interest expense |  |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |
Change in fair value |  |  |  | — |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |
Total change in fair value |  | $ |  | 40 |  |  | $ |  | 59 |  |  | $ |  | 117 |  |  | $ |  | 118 |
Carrying Amounts And Estimated Fair Values Of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at September 30, 2025 were as follows:
|  | Fair Value Measurements at September 30, 2025 Using: |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(unaudited) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ |  | 272,361 |  |  | $ |  | 272,361 |  |  | $ |  | — |  |  | $ |  | — |  |  | $ |  | 272,361 |
Interest-bearing deposits in other financial institutions |  |  |  | 100 |  |  |  |  | 100 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 100 |
Securities available for sale |  |  |  | 9,199 |  |  |  |  | — |  |  |  |  | 9,199 |  |  |  |  | — |  |  |  |  | 9,199 |
Loans held for sale |  |  |  | 2,484 |  |  |  |  | — |  |  |  |  | 2,484 |  |  |  |  | — |  |  |  |  | 2,484 |
Loans and leases, net |  |  |  | 1,728,284 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,715,734 |  |  |  |  | 1,715,734 |
FHLB and FRB stock |  |  |  | 8,343 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Accrued interest receivable |  |  |  | 9,455 |  |  |  |  | 349 |  |  |  |  | 154 |  |  |  |  | 8,952 |  |  |  |  | 9,455 |
Derivative assets |  |  |  | 3,977 |  |  |  |  | — |  |  |  |  | 3,977 |  |  |  |  | — |  |  |  |  | 3,977 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ |  | (1,778,606 | ) |  | $ |  | (1,081,799 | ) |  | $ |  | (697,471 | ) |  | $ |  | — |  |  | $ |  | (1,779,270 | )
FHLB advances and other borrowings |  |  |  | (100,956 | ) |  |  |  | — |  |  |  |  | (103,692 | ) |  |  |  | — |  |  |  |  | (103,692 | )
Advances by borrowers for taxes and insurance |  |  |  | (1,479 | ) |  |  |  | — |  |  |  |  | — |  |  |  |  | (1,479 | ) |  |  |  | (1,479 | )
Subordinated debentures |  |  |  | (15,029 | ) |  |  |  | — |  |  |  |  | (16,790 | ) |  |  |  | — |  |  |  |  | (16,790 | )
Accrued interest payable |  |  |  | (2,564 | ) |  |  |  | — |  |  |  |  | (2,564 | ) |  |  |  | — |  |  |  |  | (2,564 | )
Derivative liabilities |  |  |  | (3,977 | ) |  |  |  | — |  |  |  |  | (3,977 | ) |  |  |  | — |  |  |  |  | (3,977 | )
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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 102 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-102 + Details
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- Definition 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). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of information about asset and liability measured at fair value under fair value option. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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