v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements  
Summary of financial assets and financial liabilities measured at fair value on a recurring basis

March 31, 2026

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Inputs

Inputs

Inputs

Fair Value

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

Available for sale securities

 

  ​

 

  ​

 

  ​

 

  ​

Residential mortgage-backed

$

$

6,001

$

$

6,001

Collateralized mortgage obligations

35,807

35,807

State and municipal

 

 

8,617

 

 

8,617

Corporate bonds

9,645

9,645

Total financial assets

$

$

60,070

$

$

60,070

December 31, 2025

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Inputs

Inputs

Inputs

Fair Value

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

Available for sale securities

 

  ​

 

  ​

 

  ​

 

  ​

Residential mortgage-backed

$

$

5,796

$

$

5,796

Collateralized mortgage obligations

35,742

35,742

State and municipal

 

 

8,743

 

 

8,743

Corporate bonds

9,612

9,612

Total financial assets

$

$

59,893

$

$

59,893

Summary of financial assets and financial liabilities measured at fair value on a nonrecurring basis

  ​ ​ ​

March 31, 2026

Level 1

Level 2

Level 3

Total Fair

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Value

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

Collateral-dependent loans

$

$

$

606

$

606

$

$

$

606

$

606

  ​ ​ ​

December 31, 2025

Level 1

Level 2

Level 3

Total Fair

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Value

Financial assets

Collateral-dependent loans

$

$

$

654

$

654

Nonfinancial assets

Other real estate owned

9,271

9,271

$

$

$

9,925

$

9,925

Schedule of quantitative information about significant unobservable inputs

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Significant

  ​ ​ ​

Range of

 

Fair Value at

Principal Valuation

Unobservable

Significant Input

 

Instrument

March 31, 2026

Technique

Inputs

Values

 

Collateral-dependent loans

$

606

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

 

 

Other real estate owned

$

9,104

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Significant

  ​ ​ ​

Range of

 

Fair Value at

Principal Valuation

Unobservable

Significant Input

 

Instrument

December 31, 2025

Technique

Inputs

Values

 

Collateral-dependent loans

$

654

Appraisal of collateral (1)

Appraisal adjustment

5-25

%

Other real estate owned

$

9,271

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

(1)Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.
Summary of estimated fair values, and related carrying amounts, of the Company's financial instruments

March 31, 2026

Level 1

Level 2

Level 3

Total

Total

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

Carrying Value

Financial assets

Cash and cash equivalents

$

6,454

$

$

$

6,454

$

6,454

Interest bearing deposits in banks

 

10,083

 

 

 

10,083

 

10,083

Securities held to maturity

 

 

15,859

 

 

15,859

 

17,521

Loans, net

 

 

 

288,125

 

288,125

 

297,463

Net investment in direct financing leases

 

 

1,006

 

1,006

 

1,038

Accrued interest receivable

 

1,683

 

 

 

1,683

 

1,683

Restricted investments carried at cost

 

2,805

 

 

2,805

 

2,805

Mortgage servicing rights

205

205

205

Financial liabilities

 

  ​

 

  ​

 

 

 

  ​

Deposits

 

 

 

301,030

 

301,030

 

331,957

FHLB advances

 

 

 

42,049

 

42,049

 

41,567

Accrued interest payable

 

639

 

 

 

639

 

639

December 31, 2025

Level 1

Level 2

Level 3

Total

Total

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

Carrying Value

Financial assets

Cash and cash equivalents

$

6,450

$

$

$

6,450

$

6,450

Interest bearing deposits in banks

 

5,509

 

 

 

5,509

 

5,509

Securities held to maturity

 

 

16,744

 

 

16,744

 

18,283

Loans, net

 

 

 

293,446

 

293,446

 

301,986

Net investment in direct financing leases

 

 

 

1,185

 

1,185

 

1,219

Accrued interest receivable

 

1,888

 

 

 

1,888

 

1,888

Restricted investments carried at cost

 

 

2,773

 

 

2,773

 

2,773

Mortgage servicing rights

 

 

 

210

 

210

 

210

Financial liabilities

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

 

 

 

297,856

 

297,856

 

327,904

FHLB advances

 

 

 

46,478

 

46,478

 

45,669

Accrued interest payable

 

683

 

 

 

683

 

683