v3.26.1
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Non-financial Instruments Measured at Fair Value on Non-recurring Basis

The following tables present the balances of non-financial instruments measured at fair value on a non-recurring basis as of December 31, 2025 and 2024:

 

   Carrying Amount [Member]   Estimated Fair Value [Member]   Assets   Inputs   Inputs 
          

Quoted Prices

in Active

Markets for

   Significant Other   Significant 
   December 31, 2025   Identical   Observable   Unobservable 
   Carrying   Estimated   Assets   Inputs   Inputs 
   Amount   Fair Value   Level 1   Level 2   Level 3 
                     
Foreclosed assets, net  $499   $499   $          –   $          –   $499 
Individually evaluated loans, net   6,192    6,192    –    –    6,192 
Total  $6,691   $6,691   $–   $–   $6,691 

 

   Carrying Amount [Member]   Estimated Fair Value [Member]   Assets   Inputs   Inputs 
          

Quoted Prices

in Active

Markets for

   Significant Other   Significant 
   December 31, 2024   Identical   Observable   Unobservable 
   Carrying   Estimated   Assets   Inputs   Inputs 
   Amount   Fair Value   Level 1   Level 2   Level 3 
                     
Foreclosed assets, net  $1,356   $1,356   $          –   $          –   $1,356 
Individually evaluated loans, net   4,313    4,313    –    –    4,313 
Total  $5,669   $5,669   $–   $–   $5,669 
Schedule of Estimating the Fair Value of Assets and Liabilities Valued on a Nonrecurring basis

The following methods and assumptions were used by the Company in estimating the fair value of assets and liabilities valued on a nonrecurring basis:

 

   Estimated Fair Value   Valuation Technique  Unobservable Inputs  Range of Discounts  Weighted Average Discount(1) 
December 31, 2025              
Individually evaluated loans, net  $6,192   Underlying collateral value, third party appraisals  Collateral discounts and estimated costs to sell  0%-26%   12%
Foreclosed assets, net  $499   Underlying collateral value, third party appraisals  Collateral discounts  7%   7%

 

(1) The loan to value ratio is calculated by taking the commitment amount and dividing by the appraised value.

 

   Estimated Fair Value   Valuation Technique  Unobservable Inputs  Range of Discounts  Weighted Average Discount(1) 
December 31, 2024              
Individually evaluated loans, net  $4,313   Underlying collateral value, third party appraisals  Collateral discounts and estimated costs to sell  0%-18%   14%
Foreclosed assets, net  $1,356   Underlying collateral value, third party appraisals  Collateral discounts  7%-18%   17%

 

 

 

 

(1) The loan to value ratio is calculated by taking the commitment amount and dividing by the appraised value.
Schedule of Fair Value Estimates for Financial Instruments

The table below is a summary of fair value estimates for financial instruments:

           Carrying Amount [Member]   Estimated Fair Value [Member]   Carrying Amount [Member]   Estimated Fair Value [Member] 
           December 31, 2025   December 31, 2024 
     Fair Value     Carrying   Estimated   Carrying   Estimated 
     Level     Amount   Fair Value   Amount   Fair Value 
Financial Assets                            
Cash and cash equivalents including restricted cash    1     $3,740   $3,740   $3,347   $3,347 
Certificates of deposit    2      2,275    2,275    –    – 
Loans receivable, net    3      59,223    59,223    49,254    49,254 
Accrued interest on loans    2      1,111    1,111    844    844 
Financial Liabilities                          
Refundable prepaid interest    2      965    965    353    353 
Loan deposits    2      838    838    867    867 
Notes payable secured, net    2      18,445    18,445    21,102    21,102 
Notes payable unsecured, net    2      35,774    35,774    35,213    35,213 
Accrued interest payable    2      3,595    3,595    3,280    3,280