v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies  
Schedule of unfunded commitments The table below shows the outstanding financial instruments whose contract amounts represent credit risk (dollars in thousands):

Contract Amount at:

    

June 30, 2025

    

December 31, 2024

Undisbursed loans

$

262

$

292

Schedule of credit losses on off-balance sheet The following table details activity in the allowance for credit losses on off-balance sheet commitments (dollars in thousands):

Six months ended

Year ended

    

June 30, 2025

    

December 31, 2024

Balance, beginning of period

$

2

$

2

Provision for losses on unfunded commitments

(1)

Balance, end of period

$

1

$

2

Schedule of information about existing operating leases

The table below presents information regarding our existing operating leases (dollars in thousands):

For the

Three months ended

Six months ended

Year ended

June 30,

June 30,

December 31,

    

2025

    

2024

    

2025

2024

2024

Lease cost

Operating lease cost

$

25

$

18

$

53

$

63

$

119

Other information

Cash paid for operating leases

23

15

38

28

537

Right-of-use assets obtained in exchange for operating lease liabilities

82

82

387

387

Lease liabilities recorded

82

82

387

387

Weighted average remaining lease term (in years)

3.88

4.55

3.88

4.55

4.46

Weighted-average discount rate

5.16

%

4.60

%

5.16

%

4.60

%

4.53

%

Schedule of future minimum lease payments and lease costs

Future minimum lease payments and lease costs for the twelve months ending June 30, are as follows (dollars in thousands):

    

Lease Payments

    

Lease Costs

2026

$

113

$

112

2027

118

112

2028

121

112

2029

95

84

2030

8

7

Total

$

455

$

427