| Schedule of assets and liabilities measured at fair value on a recurring basis |
| | | | | | | | | | | | Fair Value Measurements Using | | | Quoted Prices
In Active
Markets For
Identical Assets | | Significant
Other
Observable
Inputs | | Significant
Unobservable
Inputs | | | (Level 1) | | (Level 2) | | (Level 3) | | | | (In thousands) | March 31, 2025 | | | | | | | | | | Assets | | | | | | | | | | Securities available-for-sale | | | | | | | | | | Mortgage-backed securities – agency | | $ | — | | $ | 85,738 | | $ | — | CMOs – agency | | | — | | | 151,181 | | | — | Total available-for-sale | | $ | — | | $ | 236,919 | | $ | — | | | | | | | | | | | December 31, 2024 | | | | | | | | | | Assets | | | | | | | | | | Securities available-for-sale | | | | | | | | | | Mortgage-backed securities – agency | | $ | — | | $ | 85,952 | | $ | — | CMOs – agency | | | — | | | 155,794 | | | — | Total available-for-sale | | $ | — | | $ | 241,746 | | $ | — |
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| Schedule of carrying amounts and fair values (exit prices) of financial instruments not carried at fair value |
| | | | | | | | | | | | | | | | | | Fair Value Measurement at March 31, 2025, Using: | | | Carrying | | | | | | | | | | | | | | | Value | | (Level 1) | | (Level 2) | | (Level 3) | | Total | | | | (In thousands) | Financial Assets: | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 173,041 | | $ | 173,041 | | $ | — | | $ | — | | $ | 173,041 | Securities, held-to-maturity | | | 66,736 | | | — | | | 60,304 | | | — | | | 60,304 | Securities, restricted, at cost | | | 3,034 | | | N/A | | | N/A | | | N/A | | | N/A | Loans held for investment, net | | | 1,396,397 | | | — | | | — | | | 1,373,295 | | | 1,373,295 | Accrued interest receivable | | | 10,792 | | | — | | | 1,240 | | | 9,552 | | | 10,792 | | | | | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | | | | | | Time deposits | | | 5,931 | | | — | | | 5,910 | | | — | | | 5,910 | Demand and other deposits | | | 1,682,189 | | | 1,682,189 | | | — | | | — | | | 1,682,189 | Secured borrowings | | | 42 | | | — | | | — | | | 42 | | | 42 | Accrued interest payable | | | 1 | | | — | | | 1 | | | — | | | 1 |
| | | | | | | | | | | | | | | | | | Fair Value Measurement at December 31, 2024, Using: | | | Carrying | | | | | | | | Value | | (Level 1) | | (Level 2) | | (Level 3) | | Total | | | | (In thousands) | Financial Assets: | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 126,329 | | $ | 126,329 | | $ | — | | $ | — | | $ | 126,329 | Securities, held-to-maturity | | | 68,660 | | | — | | | 60,931 | | | — | | | 60,931 | Securities, restricted, at cost | | | 3,034 | | | N/A | | | N/A | | | N/A | | | N/A | Loans held for investment, net | | | 1,376,042 | | | — | | | — | | | 1,351,736 | | | 1,351,736 | Accrued interest receivable | | | 10,124 | | | — | | | 1,139 | | | 8,985 | | | 10,124 | | | | | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | | | | | | Time deposits | | | 14,104 | | | — | | | 14,083 | | | — | | | 14,083 | Demand and other deposits | | | 1,628,132 | | | 1,628,132 | | | — | | | — | | | 1,628,132 | Secured borrowings | | | 42 | | | — | | | — | | | 42 | | | 42 | Accrued interest payable | | | 25 | | | — | | | 25 | | | — | | | 25 |
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