| Summary Of Generally Accepted Accounting Principles |
The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and 2024.
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June 30, 2025 |
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(In thousands) |
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Carrying
Value |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Cash and cash equivalents |
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$ |
24,665 |
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$ |
24,665 |
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$ |
- |
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$ |
- |
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$ |
24,665 |
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Securities available for sale |
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91 |
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- |
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91 |
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- |
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91 |
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Securities held to maturity |
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145,752 |
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- |
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136,435 |
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- |
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136,435 |
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Federal Home Loan Bank of Boston stock |
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704 |
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- |
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- |
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704 |
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704 |
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Loans, net |
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177,214 |
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- |
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- |
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161,693 |
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161,693 |
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Accrued interest receivable |
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1,451 |
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- |
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- |
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1,451 |
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1,451 |
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Liabilities: |
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Deposits |
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274,175 |
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- |
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- |
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257,621 |
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257,621 |
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Long-term borrowings |
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10,350 |
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- |
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- |
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10,367 |
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10,367 |
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June 30, 2024 |
|
(In thousands) |
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Carrying
Value |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Assets: |
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Cash and cash equivalents |
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$ |
26,959 |
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$ |
26,959 |
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$ |
- |
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$ |
- |
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$ |
26,959 |
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Securities available for sale |
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113 |
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- |
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113 |
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- |
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113 |
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Securities held to maturity |
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146,994 |
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- |
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133,420 |
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- |
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133,420 |
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Federal Home Loan Bank of Boston stock |
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704 |
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- |
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- |
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704 |
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704 |
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Loans, net |
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170,438 |
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- |
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- |
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152,164 |
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152,164 |
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Accrued interest receivable |
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1,398 |
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- |
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- |
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1,398 |
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1,398 |
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Liabilities: |
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Deposits |
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270,841 |
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- |
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- |
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251,463 |
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251,463 |
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Long-term borrowings |
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10,350 |
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- |
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- |
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10,282 |
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10,282 |
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