v3.26.1
Fair Value (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets Measured on Recurring Basis
The table below presents the recorded amount of assets measured at fair value on a recurring basis:
(in thousands)Fair ValueLevel 1Level 2Level 3
June 30, 2026
Loans HFS$2,512 $— $2,512 $— 
Securities AFS:
Mortgage-backed securities$391,807 $— $391,807 $— 
Municipal bonds$166,297 $— $166,297 $— 
U.S. agency securities$58,912 $— $58,912 $— 
Equity securities$3,000 $3,000 $— $— 
December 31, 2025
Loans HFS$3,148 $— $3,148 $— 
Securities AFS:
Mortgage-backed securities$410,029 $— $410,029 $— 
Municipal bonds$171,300 $— $171,300 $— 
U.S. agency securities$65,981 $— $65,981 $— 
Equity securities$3,031 $3,031 $— $— 
Schedule of Fair Value of Assets Measured on Nonrecurring Basis
The table below presents certain collateral dependent loans that were remeasured and reported at fair value through the ACL based upon the fair value of the underlying collateral as of the dates indicated:
(in thousands)June 30, 2026December 31, 2025
Carrying value of collateral dependent loans before allowance$737 $9,797 
Specific allowance(102)(845)
Fair value of collateral dependent loans$635 $8,952 
The following table presents foreclosed assets that were remeasured and reported at fair value as of the dates indicated:
(in thousands)June 30, 2026December 31, 2025
Foreclosed assets remeasured at initial recognition:
Carrying value of foreclosed assets prior to remeasurement$217 $40 
Charge-offs(48)(4)
Fair value of foreclosed assets$169 $36 
Schedule of Inputs Used for the Level 3 Fair Value Measurement
The unobservable inputs used for the Level 3 fair value measurements on a nonrecurring basis were as follows:
(dollars in thousands)Fair ValueValuation TechniqueUnobservable InputDiscount RangesWeighted Average Discount
June 30, 2026
Collateral dependent loans$12,618 Discounted appraisalsCollateral discounts and costs to sell
0% - 100%
5.45%
Foreclosed assets$205 Discounted appraisalsCollateral discounts and costs to sell
0% - 39%
23.15%
December 31, 2025
Collateral dependent loans$14,409 Discounted appraisalsCollateral discounts and costs to sell
0% - 100%
6.04%
Foreclosed assets$36 Discounted appraisalsCollateral discounts and costs to sell
0% - 12%
11.11%
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments as of June 30, 2026 and December 31, 2025, were as follows:
(in thousands)Carrying
Amount		Fair ValueLevel 1Level 2Level 3
June 30, 2026
Financial assets:
Cash and due from banks$33,327 $33,327 $33,327 $— $— 
Interest-bearing deposits in other banks$162,069 $162,069 $162,069 $— $— 
Securities AFS$617,016 $617,016 $— $617,016 $— 
Securities HTM$118,356 $99,157 $— $99,157 $— 
Equity securities$3,000 $3,000 $3,000 $— $— 
Nonmarketable equity securities$2,442 $2,442 $— $2,442 $— 
Loans HFS$2,512 $2,512 $— $2,512 $— 
Loans HFI, net of allowance$2,239,209 $2,182,444 $— $— $2,182,444 
Accrued interest receivable$10,317 $10,317 $— $— $10,317 
Financial liabilities:
Deposits$2,905,067 $2,902,352 $— $2,902,352 $— 
Accrued interest payable$6,349 $6,349 $— $6,349 $— 
December 31, 2025
Financial assets:
Cash and due from banks$25,685 $25,685 $25,685 $— $— 
Interest-bearing deposits in other banks$187,707 $187,707 $187,707 $— $— 
Securities AFS$647,310 $647,310 $— $647,310 $— 
Securities HTM$122,619 $104,371 $— $104,371 $— 
Equity securities$3,031 $3,031 $3,031 $— $— 
Nonmarketable equity securities$2,407 $2,407 $— $2,407 $— 
Loans HFS$3,148 $3,148 $— $3,148 $— 
Loans HFI, net of allowance$2,225,270 $2,151,923 $— $— $2,151,923 
Accrued interest receivable$11,131 $11,131 $— $— $11,131 
Financial liabilities:
Deposits$2,963,412 $2,961,310 $— $2,961,310 $— 
Accrued interest payable$6,128 $6,128 $— $6,128 $—