Disclosures About Fair Value of Assets (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| Disclosures About Fair Value of Assets |
|
| Schedule of fair value measurements of assets recognized |
| | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | | | Quoted Prices | | | | | | | | | | | | in | | | | | | | | | | | | Active | | Significant | | | | | | | | | Markets for | | Other | | Significant | | | | | | Identical | | Observable | | Unobservable | | | | | | Assets | | Inputs | | Inputs | | | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | June 30, 2025: | | | | | | | | | | | | | Available-for Sale debt securities: | | | | | | | | | | | | | U.S. Government and federal agencies | | $ | 7,685 | | $ | 1,107 | | $ | 6,578 | | $ | — | Mortgage-backed: GSE - residential | | | 43,756 | | | — | | | 43,756 | | | — | State and political Subdivision | | | 19,682 | | | — | | | 19,682 | | | — | Total Available-For-sale debt securities | | $ | 71,123 | | $ | 1,107 | | $ | 70,016 | | $ | — | | | | | | | | | | | | | | Equity securities: | | | | | | | | | | | | | FHLMC stock | | $ | 289 | | $ | 289 | | $ | — | | $ | — | Community Development Corp. Stock | | | 62 | | | — | | | 62 | | | — | Mortgage servicing rights | | | 254 | | | — | | | 254 | | | — | Total | | $ | 71,728 | | $ | 1,396 | | $ | 70,332 | | $ | — | | | | | | | | | | | | | | December 31, 2024: | | | | | | | | | | | | | Available-for Sale debt securities: | | | | | | | | | | | | | U.S. Government and federal agency | | $ | 7,967 | | $ | 1,626 | | $ | 6,341 | | $ | — | Mortgage-backed: GSE - residential | | | 38,858 | | | — | | | 38,858 | | | — | State and political subdivision | | | 19,833 | | | — | | | 19,833 | | | — | Total Available-for-sale debt securities | | $ | 66,658 | | $ | 1,626 | | $ | 65,032 | | $ | — | | | | | | | | | | | | | | Equity securities: | | | | | | | | | | | | | FHLMC Stock | | $ | 263 | | $ | 263 | | $ | — | | $ | — | Community Development Corp. Stock | | | 62 | | | | | | 62 | | | | Mortgage servicing rights | | | 254 | | | — | | | 254 | | | — | Total | | $ | 67,237 | | $ | 1,889 | | $ | 65,348 | | $ | — |
|
| Schedule of carrying value and estimated fair value of financial instruments |
| | | | | | | | | | | | | June 30, 2025 | | | Carrying Value | | Level 1 | | Level 2 | | Level 3 | Financial assets: | | | | | | | | | | | | | Cash and cash equivalents | | $ | 14,489 | | $ | 14,489 | | $ | — | | $ | — | Available-for-sale debt securities | | | 71,123 | | | 1,107 | | | 70,016 | | | — | Held-to-maturity debt securities | | | 6,892 | | | — | | | 6,845 | | | — | Equity securities | | | 351 | | | 289 | | | 62 | | | — | Loans | | | 105,532 | | | — | | | — | | | 100,740 | Interest receivable | | | 778 | | | 778 | | | — | | | — | Federal Home Loan Bank Stock | | | 354 | | | — | | | — | | | 354 | Cash surrender value of bank-owned life insurance | | | 4,031 | | | — | | | — | | | 4,031 | Financial liabilities: | | | | | | | | | | | | | Deposits | | | 168,737 | | | — | | | — | | | 152,188 | Interest payable | | | 1 | | | 1 | | | — | | | — |
| | | | | | | | | | | | | December 31, 2024 | | | Carrying Value | | Level 1 | | Level 2 | | Level 3 | Financial assets: | | | | | | | | | | | | | Cash and cash equivalents | | $ | 16,256 | | $ | 16,256 | | $ | — | | $ | — | Available-for-sale debt securities | | | 66,658 | | | 1,626 | | | 65,032 | | | — | Held-to-maturity debt securities | | | 8,168 | | | — | | | 8,140 | | | — | Equity securities | | | 325 | | | 263 | | | 62 | | | — | Loans | | | 96,274 | | | — | | | — | | | 90,996 | Interest receivable | | | 733 | | | 733 | | | — | | | — | Federal Home Loan Bank Stock | | | 347 | | | — | | | — | | | 347 | Cash surrender value of bank-owned life insurance | | | 3,979 | | | — | | | — | | | 3,979 | Financial liabilities: | | | | | | | | | | | | | Deposits | | | 159,587 | | | — | | | — | | | 143,604 | Interest payable | | | 7 | | | 7 | | | — | | | — |
|
| Schedule of fair value measurement of assets measured at fair value on a nonrecurring basis |
| | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | | | Quoted | | | | | | | | | | | | Prices | | | | | | | | | | | | in Active | | Significant | | | | | | | | | Markets for | | Other | | Significant | | | | | | Identical | | Observable | | Unobservable | | | | | | Assets | | Inputs | | Inputs | | | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | June 30, 2025: | | | | | | | | | | | | | Individually analyzed loans (collateral dependent) | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | December 31, 2024: | | | | | | | | | | | | | Individually analyzed loans (collateral dependent) | | $ | — | | $ | — | | $ | — | | $ | — |
|