Schedule of estimated fair value and recorded carrying value |
| | | | | | | | | | | | | | | | | | AT 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 |
| | | | | | | | | | | | | | | | | | AT DECEMBER 31, 2022 | | | Carrying | | | | | | | | | | | | | | | Value | | | Fair Value | | | (Level 1) | | | (Level 2) | | | (Level 3) | | | | | (IN THOUSANDS) | FINANCIAL ASSETS: | | | | | | | | | | | | | | | | Investment securities – HTM | | $ | 61,878 | | $ | 55,192 | | $ | — | | $ | 52,323 | | $ | 2,869 | Loans held for sale | | | 59 | | | 57 | | | 57 | | | — | | | — | Loans, net of allowance for credit losses and unearned income | | | 980,023 | | | 938,188 | | | — | | | — | | | 938,188 | FINANCIAL LIABILITIES: | | | | | | | | | | | | | | | | Deposits with stated maturities | | | 286,004 | | | 281,297 | | | — | | | — | | | 281,297 | All other borrowings (1) | | | 46,409 | | | 44,759 | | | — | | | — | | | 44,759 |
(1) | All other borrowings include advances from Federal Home Loan Bank and subordinated debt. |
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