Fair Value Measurements (Tables) |
6 Months Ended |
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Jun. 30, 2024 | |
Fair Value Measurements [Abstract] | |
Schedule of Assets Measured at Fair Value on Recurring Basis | June 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Investment securities available for sale: U.S. Government Agency $ - $ 10,856 $ - $ 10,856 $ - $ 8,173 $ - $ 8,173 Collateralized mortgage obligations - 82,992 - 82,992 - 80,606 - 80,606 Mortgage-backed securities - residential - 49,778 - 49,778 - 52,187 - 52,187 Mortgage-backed securities - commercial - 50,926 - 50,926 - 42,764 - 42,764 Municipal securities - 19,410 - 19,410 - 19,338 - 19,338 Bank subordinated debt securities - 22,482 - 22,482 - 26,261 - 26,261 Total - 236,444 - 236,444 - 229,329 - 229,329 Derivative assets - 6,465 - 6,465 - 4,892 - 4,892 Total assets at fair value $ - $ 242,909 $ - $ 242,909 $ - $ 234,221 $ - $ 234,221 Derivative liabilities $ - $ 5,976 $ - $ 5,976 $ - $ 7,988 $ - $ 7,988 Total liabilities at fair value $ - $ 5,976 $ - $ 5,976 $ - $ 7,988 $ - $ 7,988 |
Carrying Amounts and Estimated Fair Values of Financial Instruments not Carried at Fair Value | Fair Value Hierarchy Carrying Amount Level 1 Level 2 Level 3 Fair Value Amount June 30, 2024: Financial Assets: Cash and due from banks $ 5,179 $ 5,179 $ - $ - $ 5,179 Interest-bearing deposits in banks $ 72,082 $ 72,082 $ - $ - $ 72,082 Investment securities held to maturity, net $ 169,606 $ - $ 149,573 $ - $ 149,573 Loans held for investment, net $ 1,847,019 $ - $ - $ 1,821,431 $ 1,821,431 Accrued interest receivable $ 11,538 $ - $ 1,454 $ 10,084 $ 11,538 Financial Liabilities: Demand deposits $ 579,243 $ 579,243 $ - $ - $ 579,243 Money market and savings accounts $ 1,097,468 $ 1,097,468 $ - $ - $ 1,097,468 Interest-bearing checking accounts $ 65,844 $ 65,844 $ - $ - $ 65,844 Time deposits $ 314,147 $ - $ - $ 312,428 $ 312,428 FHLB advances and other borrowings $ 162,000 $ - $ 160,087 $ - $ 160,087 Accrued interest payable $ 3,869 $ - $ 2,256 $ 1,613 $ 3,869 December 31, 2023: Financial Assets: Cash and due from banks $ 8,019 $ 8,019 $ - $ - $ 8,019 Interest-bearing deposits in banks $ 33,043 $ 33,043 $ - $ - $ 33,043 Investment securities held to maturity $ 174,974 $ - $ 155,510 $ - $ 155,510 Loans held for investment, net $ 1,759,743 $ - $ - $ 1,723,210 $ 1,723,210 Accrued interest receivable $ 10,688 $ - $ 1,448 $ 9,240 $ 10,688 Financial Liabilities: Demand deposits $ 552,762 $ 552,762 $ - $ - $ 552,762 Money market and savings accounts $ 1,048,272 $ 1,048,272 $ - $ - $ 1,048,272 Interest-bearing checking accounts $ 47,702 $ 47,702 $ - $ - $ 47,702 Time deposits $ 288,403 $ - $ - $ 287,104 $ 287,104 FHLB advances $ 183,000 $ - $ 182,282 $ - $ 182,282 Accrued interest payable $ 1,372 $ - $ 551 $ 821 $ 1,372 |