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Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Assets measured at fair value on a recurring basis are summarized below:
|  |  | Fair Value Measurements at September 30, 2025 Using
(Dollars in thousands) | Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Interest rate swap contracts | $ | 4,086 |  |  | $ | - |  |  | $ | 4,086 |  |  | $ | - |
Interest rate lock commitments | 49 |  |  | - |  |  | 49 |  |  | - |
Available-for-sale debt securities: |  |  |  |  |  |  |
U.S. government sponsored entities | 8,386 |  |  | - |  |  | 8,386 |  |  | - |
Collateralized mortgage obligations and residential mortgage-backed securities | 106,293 |  |  | - |  |  | 106,293 |  |  | - |
Municipal securities | 218,855 |  |  | - |  |  | 218,855 |  |  | - |
Collateralized debt obligations | 1,616 |  |  | - |  |  | - |  |  | 1,616 |
Total securities available-for-sale | $ | 335,150 |  |  | $ | - |  |  | $ | 333,534 |  |  | $ | 1,616 |
Liabilities: |  |  |  |  |  |  |
Interest rate swap contracts | $ | 4,086 |  |  | $ | - |  |  | $ | 4,086 |  |  | $ | - |
|  |  | Fair Value Measurements at December 31, 2024 Using
(Dollars in thousands) | Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Interest rate swap contracts | $ | 5,486 |  |  | $ | - |  |  | $ | 5,486 |  |  | $ | - |
Interest rate lock commitments | 82 |  |  | - |  |  | 82 |  |  | - |
Available-for-sale debt securities: |  |  |  |  |  |  |
U.S. government sponsored entities | 8,061 |  |  | - |  |  | 8,061 |  |  | - |
Collateralized mortgage obligations and residential mortgage-backed securities | 109,325 |  |  | - |  |  | 109,325 |  |  | - |
Municipal securities | 214,749 |  |  | - |  |  | 214,749 |  |  | - |
Collateralized debt obligations | 1,419 |  |  | - |  |  | - |  |  | 1,419 |
Total securities available-for-sale | $ | 333,554 |  |  | $ | - |  |  | $ | 332,135 |  |  | $ | 1,419 |
Liabilities: |  |  |  |  |  |  |
Interest rate swap contracts | $ | 5,486 |  |  | $ | - |  |  | $ | 5,486 |  |  | $ | - |
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | A reconciliation of available-for-sale securities, which require significant adjustment based on unobservable data, are presented in the following table:
| (Dollars in thousands)
| Estimated Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
| Available-for- sale securities
Beginning balance, January 1, 2025 | $ | 1,419 |
Principal payments | (11) |
Total unrealized gains, included in other comprehensive income (loss) | 208 |
Ending balance, September 30, 2025 | $ | 1,616 |
Beginning balance, January 1, 2024 | $ | 1,357 |
Principal payments | (11) |
Total unrealized gains, included in other comprehensive income (loss) | 94 |
Ending balance, September 30, 2024 | $ | 1,440 |
Schedule of Fair Value Measurements, Nonrecurring | Assets measured at fair value on a non-recurring basis are summarized below:
|  | Fair Value Measurements at September 30, 2025 Using
(Dollars in thousands) | Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3)
Collateral dependent loans | $ | - |  | $ | - |  | $ | - |  | $ | - |
|  | Fair Value Measurements at December 31, 2024 Using
(Dollars in thousands) | Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3)
Collateral dependent loans | $ | 1,496 |  | $ | - |  | $ | - |  | $ | 1,496 |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.
(Dollars in thousands) | Fair Value at September 30, 2025 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range |  | Weighted-Average Range
Collateral dependent loans | $ | - |  |  | Fair Value of Collateral |  | Discount for type of property and current market conditions |  | —% - —% |  | — | %
(Dollars in thousands) | Fair Value at December 31, 2024 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range |  | Weighted-Average Range
Collateral dependent loans | $ | 1,496 |  |  | Fair Value of Collateral |  | Discount for type of property and current market conditions |  | 0% - 80% |  | 8 | %
Schedule of Fair Value, by Balance Sheet Grouping | The following table shows carrying values and related estimated fair values of financial instruments not carried at fair value in the condensed consolidated balance sheets as of the dates indicated. Estimated fair values are further categorized by the inputs used to measure fair value. Items that are not financial instruments are not included.
| September 30, 2025 |  | Estimated Fair Value Measurements at September 30, 2025 Using
(Dollars in thousands) | Carrying Value |  | Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Financial assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 104,178 |  |  | $ | 104,178 |  |  | $ | 104,178 |  |  | $ | - |  |  | $ | - |
Loans held-for-sale | 2,641 |  |  | 2,781 |  |  | - |  |  | 2,781 |  |  | - |
Loans receivable, net | 1,455,797 |  |  | 1,416,903 |  |  | - |  |  | - |  |  | 1,416,903 |
Federal Home Loan Bank stock | 6,547 |  |  | 6,547 |  |  | - |  |  | 6,547 |  |  | - |
Accrued interest receivable | 7,585 |  |  | 7,585 |  |  | - |  |  | 7,585 |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |
Non-interest bearing deposits | 280,296 |  |  | 280,296 |  |  | 280,296 |  |  | - |  |  | - |
Interest bearing deposits | 1,470,350 |  |  | 1,468,712 |  |  | 933,677 |  |  | 535,035 |  |  | - |
Repurchase agreements | 48,426 |  |  | 48,415 |  |  | 40,680 |  |  | 7,735 |  |  | - |
Borrowed funds | 55,000 |  |  | 54,347 |  |  | - |  |  | 54,347 |  |  | - |
Accrued interest payable | 1,162 |  |  | 1,162 |  |  | - |  |  | 1,162 |  |  | - |
| December 31, 2024 |  | Estimated Fair Value Measurements at December 31, 2024 Using
(Dollars in thousands) | Carrying Value |  | Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Financial assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 70,584 |  |  | $ | 70,584 |  |  | $ | 70,584 |  |  | $ | - |  |  | $ | - |
Loans held-for-sale | 1,253 |  |  | 1,277 |  |  | - |  |  | 1,277 |  |  | - |
Loans receivable, net | 1,492,065 |  |  | 1,435,148 |  |  | - |  |  | - |  |  | 1,435,148 |
Federal Home Loan Bank stock | 6,547 |  |  | 6,547 |  |  | - |  |  | 6,547 |  |  | - |
Accrued interest receivable | 7,721 |  |  | 7,721 |  |  | - |  |  | 7,721 |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |
Non-interest bearing deposits | 263,324 |  |  | 263,324 |  |  | 263,324 |  |  | - |  |  | - |
Interest bearing deposits | 1,497,242 |  |  | 1,496,638 |  |  | 936,989 |  |  | 559,649 |  |  | - |
Repurchase agreements | 40,116 |  |  | 39,960 |  |  | 32,364 |  |  | 7,596 |  |  | - |
Borrowed funds | 65,000 |  |  | 63,432 |  |  | - |  |  | 63,432 |  |  | - |
Accrued interest payable | 620 |  |  | 620 |  |  | - |  |  | 620 |  |  | - |

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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 measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -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 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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