XML 39 R33.htm IDEA: XBRL DOCUMENT v3.25.3

Fair Value (Tables)

9 Months Ended

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	)

X

- 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

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarningsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration