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DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2024
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of estimated fair value and recorded carrying value

DECEMBER 31, 2024

    

CARRYING 

    

    

    

    

VALUE

FAIR VALUE

LEVEL 1

LEVEL 2

LEVEL 3

(IN THOUSANDS)

FINANCIAL ASSETS:

 

  

 

  

 

  

 

  

 

  

Investment securities – HTM

$

63,837

$

58,471

$

$

57,535

$

936

Loans held for sale

 

460

470

470

 

 

Loans, net of allowance for credit losses and unearned income

 

1,054,037

990,745

 

 

990,745

FINANCIAL LIABILITIES:

 

  

 

  

 

  

 

  

 

  

Deposits with stated maturities

336,312

336,167

336,167

All other borrowings (1)

 

82,784

 

81,476

 

 

 

81,476

DECEMBER 31, 2023

    

CARRYING 

VALUE

    

FAIR VALUE

    

LEVEL 1

    

LEVEL 2

    

LEVEL 3

(IN THOUSANDS)

FINANCIAL ASSETS:

Investment securities – HTM

$

63,979

$

58,621

$

$

56,769

$

1,852

Loans held for sale

 

130

132

132

 

 

Loans, net of allowance for credit losses and unearned income

 

1,023,218

950,402

 

 

950,402

FINANCIAL LIABILITIES:

 

  

 

  

 

  

 

  

 

  

Deposits with stated maturities

322,477

321,660

321,660

All other borrowings (1)

 

71,247

 

70,061

 

 

 

70,061

(1)All other borrowings include advances from Federal Home Loan Bank and subordinated debt.