FAIR VALUE MEASUREMENTS (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Fair Value Measurements [Abstract] | |
| Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis |
Level 1
Level 2
Level 3
Total
(Dollars in Thousands)
Inputs
Inputs
Inputs
Value
March 31, 2025
ASSETS:
Securities Available for
U.S. Government Treasury
$
158,560
$
-
$
-
$
158,560
U.S. Government Agency
-
149,109
-
149,109
States and Political Subdivisions
-
38,731
-
38,731
Mortgage-Backed Securities
-
54,949
-
54,949
Corporate Debt Securities
-
51,778
-
51,778
Equity Securities
-
-
2,315
2,315
Loans Held for Sale
-
21,441
-
21,441
Residential Mortgage Loan Commitments ("IRLCs")
-
-
743
743
Interest Rate Swap Derivative
-
4,616
-
4,616
LIABILITIES:
Fair Value
-
135
-
135
Forward Sales Contracts
-
79
-
79
December 31, 2024
ASSETS:
Securities Available for
U.S. Government Treasury
$
105,801
$
-
$
-
$
105,801
U.S. Government Agency
-
143,127
-
143,127
States and Political Subdivisions
-
39,382
-
39,382
Mortgage-Backed Securities
-
55,477
-
55,477
Corporate Debt Securities
-
51,462
-
51,462
Equity Securities
-
-
2,399
2,399
Loans Held for Sale
-
28,672
-
28,672
Interest Rate Swap Derivative
-
5,319
-
5,319
Forward Sales Contracts
-
96
-
96
Residential Mortgage Loan Commitments ("IRLCs")
-
-
248
248
|
| Schedule of Financial Instruments with Estimated Fair Values |
March 31, 2025
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
78,521
$
78,521
$
-
$
-
Fed Funds Sold and Interest Bearing Deposits
446,042
446,042
-
-
Investment Securities, Held to Maturity
517,176
302,174
198,027
-
Other Equity Securities
(1)
2,315
-
2,315
-
Mortgage Servicing Rights
908
-
-
1,554
Loans, Net of Allowance for Credit Losses
2,631,036
-
-
2,480,374
LIABILITIES:
Deposits
$
3,783,890
$
-
$
3,154,125
$
-
Short-Term
37,200
-
37,200
-
Subordinated Notes Payable
52,887
-
42,166
-
Long-Term Borrowings
794
-
794
-
December 31, 2024
Carrying
Level 1
Level 2
Level 3
(Dollars in Thousands)
Value
Inputs
Inputs
Inputs
ASSETS:
Cash
$
70,543
$
70,543
$
-
$
-
Fed Funds Sold and Interest Bearing Deposits
321,311
321,311
-
-
Investment Securities, Held to Maturity
567,155
361,529
182,931
-
Other Equity Securities
(1)
2,848
-
2,848
-
Mortgage Servicing Rights
933
-
-
1,616
Loans, Net of Allowance for Credit Losses
2,622,299
-
-
2,457,883
LIABILITIES:
Deposits
$
3,671,977
$
-
$
3,046,926
$
-
Short-Term
28,304
-
28,304
-
Subordinated Notes Payable
52,887
-
42,530
-
Long-Term Borrowings
794
-
794
-
(1)
Accounted for under the equity method – not readily
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