FAIR VALUE (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Fair Value Disclosures [Abstract] |
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| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Assets measured at fair value on a recurring basis at December 31, 2025 are summarized below. There were no liabilities carried at fair value on a recurring basis at December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Quoted Prices in
Active Markets
for Identical Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | Financial assets | | | | | | | | Investment securities available for sale | $ | — | | | $ | 29,363 | | | $ | — | | | $ | 29,363 | | | | | | | | | | Government guaranteed loans HFI, at fair value | — | | | — | | | 54,076 | | | 54,076 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Assets measured at fair value on a recurring basis at December 31, 2024 are summarized below. There were no liabilities carried at fair value on a recurring basis at December 31, 2024. | | | | | | | | | | | | | | | | | | | | | | | | | Quoted Prices in
Active Markets
for Identical Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | Financial assets | | | | | | | | Investment securities available for sale | $ | — | | | $ | 36,291 | | | $ | — | | | $ | 36,291 | | | | | | | | | | Government guaranteed loans HFI, at fair value | — | | | — | | | 60,833 | | | 60,833 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Schedule of Fair Value for Loans |
The following tables provide more information about the fair value carrying amount and the unpaid principal outstanding of HFI government guaranteed loans measured at fair value at December 31, 2025 and December 31, 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Total Loans | | Nonaccrual(1) | | 90 Days or More Past Due(1) | | Fair Value Carrying Amount | | Unpaid Principal Balance | | Fair Value Gain (Loss) | | Fair Value Carrying Amount | | Unpaid Principal Balance | | Fair Value Gain (Loss) | | Fair Value Carrying Amount | | Unpaid Principal Balance | | Fair Value Gain (Loss) | Real estate - commercial | $ | 10,348 | | | $ | 10,420 | | | $ | (72) | | | $ | 420 | | | $ | 447 | | | $ | (27) | | | $ | — | | | $ | — | | | $ | — | | Commercial and industrial | 43,728 | | | 50,165 | | | (6,437) | | | 1,116 | | | 7,382 | | | (6,266) | | | — | | | — | | | — | | | Total loans HFI, at fair value | $ | 54,076 | | | $ | 60,585 | | | $ | (6,509) | | | $ | 1,536 | | | $ | 7,829 | | | $ | (6,293) | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Total Loans | | Nonaccrual(1) | | 90 Days or More Past Due(1) | | Fair Value Carrying Amount | | Unpaid Principal Balance | | Fair Value Gain (Loss) | | Fair Value Carrying Amount | | Unpaid Principal Balance | | Fair Value Gain (Loss) | | Fair Value Carrying Amount | | Unpaid Principal Balance | | Fair Value Gain (Loss) | Real estate - commercial | $ | 15,136 | | | $ | 15,075 | | | $ | 61 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | Commercial and industrial | 45,697 | | | 46,981 | | | (1,284) | | | 1,491 | | | 2,630 | | | (1,139) | | | — | | | — | | | — | | | Total loans HFI, at fair value | $ | 60,833 | | | $ | 62,056 | | | $ | (1,223) | | | $ | 1,491 | | | $ | 2,630 | | | $ | (1,139) | | | $ | — | | | $ | — | | | $ | — | |
(1) The nonaccrual and 90 days or more past due loan balances do not include the portion of government guaranteed loan balances. The total amount of net gains and losses from changes in fair value and interest income included in earnings for the year ended December 31, 2025 and December 31, 2024 for government guaranteed loans HFI, at fair value, were as follows: | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | Interest income | $ | 8,063 | | | $ | 9,530 | | | Change in fair value | (1,075) | | | 9,843 | | Total gain, net | $ | 6,988 | | | $ | 19,373 | |
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| Schedule of Valuation Technique and Unobservable Inputs Used in the Valuation of Government Guaranteed Loans HFI, at Fair Value |
The table below presents a reconciliation of government guaranteed loans HFI, at fair value, which were valued on a recurring basis and used significant unobservable inputs (Level 3) for the year ended December 31, 2025 and December 31, 2024: | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | Balance of government guaranteed loans HFI at fair value, beginning of period | $ | 60,833 | | | $ | 91,508 | | | New government guaranteed originations at fair value | 51,287 | | | 105,754 | | | Loans sold | (35,049) | | | (141,080) | | Principal payments | (9,944) | | | (5,192) | | Transfer to HFS | (11,976) | | | — | | | | | | Total fair value gains (losses) during the period | (1,075) | | | 9,843 | | Balance of government guaranteed loans HFI at fair value, end of period | $ | 54,076 | | | $ | 60,833 | |
The following table provides information about the valuation techniques and unobservable inputs used in the valuation of government guaranteed loans HFI that fall within Level 3 of the fair value hierarchy at December 31, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value | | Valuation
Technique | | Unobservable Inputs | | Range (Weighted Average) | | December 31, 2025 | | | | | | | | Government guaranteed loans HFI, at fair value | $ | 54,076 | | | Discounted | | Discount rate | | 5.27%-8.77% (7.75%) | | | | cash flow | | Conditional prepayment rate | | 8.61%-18.58% (11.16%) | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | Government guaranteed loans HFI, at fair value | $ | 60,833 | | | Discounted | | Discount rate | | 6.07%-9.57% (8.69%) | | | | cash flow | | Conditional prepayment rate | | 0.00%-18.13% (11.61%) | | | | | | | | |
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| Schedule of Assets Measured at Fair Value on a Nonrecurring Basis |
Assets measured at fair value on a nonrecurring basis at December 31, 2025 are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value | | Valuation Technique(s) | | Significant
Unobservable
Input(s) | | Discount % Amount | | Valuation Level | | | | | | | | | | | Individually evaluated loans | $ | 2,628 | | | Discounted appraisals, estimated net realizable value of collateral | | Collateral discounts | | 10% | | 3 | Other real estate owned | $ | 400 | | | Discounted appraisals, estimated net realizable value of collateral | | Collateral discounts | | 10% | | 3 | Repossessed assets | $ | 263 | | | Discounted appraisals, estimated net realizable value of collateral | | Collateral discounts | | 10% | | 3 |
Assets measured at fair value on a nonrecurring basis at December 31, 2024 are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value | | Valuation Technique(s) | | Significant
Unobservable
Input(s) | | Discount % Amount | | Valuation level | Individually evaluated loans | $ | 2,709 | | | Discounted appraisals, estimated net realizable value of collateral | | Collateral discounts | | 10% | | 3 | | Other real estate owned | $ | 132 | | | Discounted appraisals, estimated net realizable value of collateral | | Collateral discounts | | 10% | | 3 | | Repossessed assets | $ | 36 | | | Discounted appraisals, estimated net realizable value of collateral | | Collateral discounts | | 10% | | 3 |
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| Schedule of the Carrying Values and Estimated Values of Financial Instruments Not Carried at Fair Value |
The carrying values and estimated fair values of financial instruments not carried at fair value, at December 31, 2025 and December 31, 2024 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Level | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | Assets: | | | | | | | | | | Cash and cash equivalents | 1 | | $ | 206,982 | | | $ | 206,982 | | | $ | 77,788 | | | $ | 77,788 | | Time deposits in banks | 2 | | — | | | — | | | 2,270 | | | 2,212 | | Investment securities held to maturity | 2 | | 2,493 | | | 2,384 | | | 2,488 | | | 2,346 | | Nonmarketable equity securities, at cost | 2 | | 4,656 | | | 4,656 | | | 4,526 | | | 4,526 | | | | | | | | | | | | Loans HFI, at amortized cost | 3 | | 887,822 | | | 900,200 | | | 990,214 | | | 986,406 | | Accrued interest receivable | 2 | | 8,421 | | | 8,421 | | | 9,155 | | | 9,155 | | Government guaranteed loan servicing rights | 3 | | 12,580 | | | 16,041 | | | 16,534 | | | 19,473 | | | | | | | | | | | | Liabilities: | | | | | | | | | | Noninterest-bearing deposit accounts | 2 | | $ | 95,731 | | | $ | 95,731 | | | $ | 101,743 | | | $ | 101,743 | | Interest-bearing transaction accounts | 2 | | 231,227 | | | 231,227 | | | 256,793 | | | 256,793 | | Savings and money market deposit accounts | 2 | | 454,639 | | | 454,639 | | | 474,425 | | | 474,425 | | Time deposits | 2 | | 402,341 | | | 403,394 | | | 310,268 | | | 307,925 | | | | | | | | | | | | Subordinated notes | 2 | | 5,962 | | | 5,877 | | | 5,956 | | | 5,511 | | Notes payable | 2 | | 1,593 | | | 1,590 | | | 1,934 | | | 1,919 | | Accrued interest payable | 2 | | 1,133 | | | 1,133 | | | 1,036 | | | 1,036 | |
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