| Schedule of Carrying Values and Fair Values of the Company's Financial Instruments |
The carrying values, fair values and placement in the fair value hierarchy of the Company's financial instruments at March 31, 2026 and December 31, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Carrying Value | | Fair Value | | Level 1 | | Level 2 | | Level 3 | | (In thousands) | | Financial Assets: | | | | | | | | | | | Cash and due from banks | $ | 208,904 | | | $ | 208,904 | | | $ | 208,904 | | | $ | — | | | $ | — | | | Federal funds sold | 8,997 | | | 8,997 | | | 8,997 | | | — | | | — | | | Marketable equity securities | 2,254 | | | 2,254 | | | 2,254 | | | — | | | — | | | Available for sale securities | 155,934 | | | 155,934 | | | 74,493 | | | 81,441 | | | — | | | Held to maturity securities | 29,386 | | | 30,223 | | | — | | | — | | | 30,223 | | | Loans receivable, net | 2,832,678 | | | 2,835,828 | | | — | | | — | | | 2,835,828 | | | | | | | | | | | | | Accrued interest receivable | 16,029 | | | 16,029 | | | — | | | 16,029 | | | — | | | FHLB stock | 4,207 | | | 4,207 | | | — | | | 4,207 | | | — | | | Servicing asset, net of valuation allowance | 1,348 | | | 1,348 | | | — | | | — | | | 1,348 | | | Derivative asset | 5,052 | | | 5,052 | | | — | | | 5,052 | | | — | | | Other real estate owned | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | Noninterest bearing deposits | $ | 428,384 | | | $ | 428,384 | | | $ | — | | | $ | 428,384 | | | $ | — | | | NOW and money market | 1,200,587 | | | 1,200,587 | | | — | | | 1,200,587 | | | — | | | Savings | 99,008 | | | 99,008 | | | — | | | 99,008 | | | — | | | Time deposits | 1,157,270 | | | 1,157,151 | | | — | | | — | | | 1,157,151 | | | Accrued interest payable | 9,089 | | | 9,089 | | | — | | | 9,089 | | | — | | | Advances from the FHLB | 60,000 | | | 59,989 | | | — | | | — | | | 59,989 | | | Subordinated debentures | 69,759 | | | 68,599 | | | — | | | — | | | 68,599 | | | Servicing liability | — | | | — | | | — | | | — | | | — | | | Derivative liability | 3,070 | | | 3,070 | | | — | | | 3,070 | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Carrying Value | | Fair Value | | Level 1 | | Level 2 | | Level 3 | | (In thousands) | | Financial Assets: | | | | | | | | | | | Cash and due from banks | $ | 214,567 | | | $ | 214,567 | | | $ | 214,567 | | | $ | — | | | $ | — | | | Federal funds sold | 10,354 | | | 10,354 | | | 10,354 | | | — | | | — | | | Marketable equity securities | 2,248 | | | 2,248 | | | 2,248 | | | — | | | — | | | Available for sale securities | 160,409 | | | 160,409 | | | 74,668 | | | 85,741 | | | — | | | Held to maturity securities | 29,465 | | | 31,045 | | | — | | | — | | | 31,045 | | | Loans receivable, net | 2,804,441 | | | 2,811,784 | | | — | | | — | | | 2,811,784 | | | Accrued interest receivable | 16,143 | | | 16,143 | | | — | | | 16,143 | | | — | | | FHLB stock | 6,207 | | | 6,207 | | | — | | | 6,207 | | | — | | | Servicing asset, net of valuation allowance | 1,035 | | | 1,035 | | | — | | | — | | | 1,035 | | | Derivative asset | 4,970 | | | 4,970 | | | — | | | 4,970 | | | — | | | Other real estate owned | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | Noninterest bearing deposits | $ | 403,652 | | | $ | 403,652 | | | $ | — | | | $ | 403,652 | | | $ | — | | | NOW and money market | 1,098,049 | | | 1,098,049 | | | — | | | 1,098,049 | | | — | | | Savings | 97,418 | | | 97,418 | | | — | | | 97,418 | | | — | | | Time deposits | 1,230,362 | | | 1,232,581 | | | — | | | — | | | 1,232,581 | | | Accrued interest payable | 9,019 | | | 9,019 | | | — | | | 9,019 | | | — | | | Advances from the FHLB | 110,000 | | | 110,008 | | | — | | | — | | | 110,008 | | | Subordinated debentures | 69,697 | | | 70,075 | | | — | | | — | | | 70,075 | | | Servicing liability | — | | | — | | | — | | | — | | | — | | | Derivative liability | 3,201 | | | 3,201 | | | — | | | 3,201 | | | — | |
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