Carrying Value at June 30, 2025

Quoted Prices

Significant

in Active

Other

Significant

Balance as of

Markets for

Observable

Unobservable

(dollars in thousands)

June 30,

Identical Assets

Inputs

Inputs

Description

2025

(Level 1)

(Level 2)

(Level 3)

U.S. agency obligations

$ 79,180

$ -

$ 79,180

$ -

Mortgage-backed securities

57,148

-

57,148

-

Municipals

45,492

-

45,492

-

Corporates

14,765

-

14,765

-

Total available-for-sale securities

$ 196,585

$ -

$ 196,585

$ -

IRLCs - asset

239

-

-

239

Total assets at fair value

$ 196,824

$ -

$ 196,585

$ 239

Carrying Value at December 31, 2024

Quoted Prices

Significant

in Active

Other

Significant

Balance as of

Markets for

Observable

Unobservable

(dollars in thousands)

Dec 31,

Identical Assets

Inputs

Inputs

Description

2024

(Level 1)

(Level 2)

(Level 3)

U.S. agency obligations

$ 73,060

$ -

$ 73,060

$ -

Mortgage-backed securities

58,973

-

58,973

-

Municipals

41,561

-

41,561

-

Corporates

14,322

-

14,322

-

Total available-for-sale securities

$ 187,916

$ -

$ 187,916

$ -

IRLCs - asset

42

-

-

42

Total assets at fair value

$ 187,958

$ -

$ 187,916

$ 42

Fair Value Measurements at June 30, 2025 using

Carrying

Assets

Amounts

(Level 1)

(Level 2)

(Level 3)

Balance

Cash and due from banks

$             22,587

$             22,587

$                      -

$                      -

$             22,587

Federal funds sold

55,320

55,320

-

-

55,320

Securities

Available-for-sale

196,585

-

196,585

-

196,585

Held-to-maturity, net

3,598

-

3,251

-

3,251

Restricted stock

1,828

-

1,828

-

1,828

Loans, net (1)

649,089

-

-

635,045

635,045

Loans held for sale

4,226

-

4,226

-

4,226

Interest receivable

3,148

-

3,148

-

3,148

BOLI

23,285

-

23,285

-

23,285

Derivatives - IRLCs

239

-

-

239

239

Liabilities

Checking , money market, savings and NOW

$           681,358

$                      -

$           681,358

$                      -

$           681,358

Time deposits

229,171

228,378

228,378

Other borrowings

8,992

-

8,739

-

8,739

Interest payable

856

-

856

-

856

Fair Value Measurements at December 31, 2024 using

Carrying

Assets

Amounts

(Level 1)

(Level 2)

(Level 3)

Balance

Cash and due from banks

$             23,287

$             23,827

$                      -

$                      -

$             23,827

Federal funds sold

50,022

50,022

-

-

50,022

Securities

-

Available-for-sale

187,916

-

187,916

-

187,916

Held-to-maturity

3,606

-

3,170

-

3,170

Restricted stock

1,821

-

1,821

-

1,821

Loans, net (1)

636,552

-

—

613,984

613,984

Loans held for sale

3,616

-

3,616

-

3,616

Interest receivable

3,065

-

3,065

-

3,065

Cash value - bank owned life insurance

22,907

-

22,907

-

22,907

Derivatives - IRLCs

42

-

—

42

42

Liabilities

Checking , money market, savings and NOW

$           651,895

$                      -

$           651,895

$                      -

$           651,895

Time deposits

230,509

230,027

$           230,027

Capital notes

10,048

-

9,836

-

9,836

Other borrowings

9,300

-

8,929

-

8,929

Interest payable

722

-

722

-

722