| Summary Of Financial Assets Measured At Fair Value On Recurring Basis |
For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2026 were as follows:
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|
Description |
|
(Level 1) Quoted
Price in Active
Markets for
Identical
Assets |
|
|
(Level 2)
Significant Other
Observable
Inputs |
|
|
(Level 3)
Significant
Unobservable
Inputs |
|
|
Total Fair Value
March 31,
2026 |
|
|
|
(In thousands) |
|
Mortgage-backed securities -U.S. government sponsored
enterprise (GSEs) |
|
$ |
— |
|
|
$ |
112,115 |
|
|
$ |
— |
|
|
$ |
112,115 |
|
U.S. government agency securities |
|
|
— |
|
|
|
10,435 |
|
|
|
— |
|
|
|
10,435 |
|
Obligations of state and political subdivisions |
|
|
— |
|
|
|
38,974 |
|
|
|
— |
|
|
|
38,974 |
|
Small Business Association (SBA) securities |
|
|
— |
|
|
|
1,069 |
|
|
|
— |
|
|
|
1,069 |
|
U.S. treasury securities |
|
|
1,964 |
|
|
|
— |
|
|
|
— |
|
|
|
1,964 |
|
Mortgage servicing rights |
|
|
— |
|
|
|
587 |
|
|
|
— |
|
|
|
587 |
|
Note 7 – Fair Value Measurements and Disclosures (continued) For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy, used at December 31, 2025 were as follows:
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|
|
Description |
|
(Level 1)
Quoted Price
in Active
Markets for
Identical
Assets |
|
|
(Level 2)
Significant
Other
Observable
Inputs |
|
|
(Level 3)
Significant
Unobservable
Inputs |
|
|
Total Fair Value
December 31,
2025 |
|
|
|
(In thousands) |
|
Mortgage-backed securities -U.S. government sponsored
enterprise (GSEs) |
|
$ |
— |
|
|
$ |
127,647 |
|
|
$ |
— |
|
|
$ |
127,647 |
|
U.S. government agency securities |
|
|
— |
|
|
|
10,512 |
|
|
|
— |
|
|
|
10,512 |
|
Obligations of state and political subdivisions |
|
|
— |
|
|
|
40,198 |
|
|
|
— |
|
|
|
40,198 |
|
Small Business Association (SBA) securities |
|
|
— |
|
|
|
1,259 |
|
|
|
— |
|
|
|
1,259 |
|
U.S. treasury securities |
|
|
2,953 |
|
|
|
— |
|
|
|
— |
|
|
|
2,953 |
|
Mortgage servicing rights |
|
|
— |
|
|
|
622 |
|
|
|
— |
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|
|
622 |
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| Summary Of Carrying Amounts And Estimated Fair Value Of Financial Instruments |
The carrying amounts and estimated fair value of financial instruments at March 31, 2026 are as follows:
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|
March 31, 2026 |
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|
Carrying
Amount |
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|
Estimated Fair
Value |
|
|
Level 1 |
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|
Level 2 |
|
|
Level 3 |
|
|
|
(In thousands) |
|
Financial Assets: |
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|
|
|
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|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
119,794 |
|
|
$ |
119,794 |
|
|
$ |
119,794 |
|
|
$ |
— |
|
|
$ |
— |
|
Securities available-for-sale at fair value |
|
|
164,557 |
|
|
|
164,557 |
|
|
|
1,964 |
|
|
|
162,593 |
|
|
|
— |
|
Securities held-to-maturity |
|
|
151 |
|
|
|
152 |
|
|
|
— |
|
|
|
152 |
|
|
|
— |
|
Loans receivable, net |
|
|
1,799,100 |
|
|
|
1,877,988 |
|
|
|
— |
|
|
|
— |
|
|
|
1,877,988 |
|
Restricted investments in bank stock |
|
|
2,366 |
|
|
|
2,366 |
|
|
|
— |
|
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|
2,366 |
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|
|
— |
|
Accrued interest receivable |
|
|
7,323 |
|
|
|
7,323 |
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|
|
— |
|
|
|
7,323 |
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|
|
— |
|
Equity method investments |
|
|
12,214 |
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|
|
12,214 |
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|
|
— |
|
|
|
7,520 |
|
|
|
4,694 |
|
Mortgage servicing rights |
|
|
587 |
|
|
|
587 |
|
|
|
— |
|
|
|
587 |
|
|
|
— |
|
Financial Liabilities: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
1,942,659 |
|
|
|
1,816,424 |
|
|
$ |
— |
|
|
$ |
1,816,424 |
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|
$ |
— |
|
Accrued interest payable |
|
|
8,081 |
|
|
|
8,081 |
|
|
|
— |
|
|
|
8,081 |
|
|
|
— |
|
The carrying amounts and estimated fair value of financial instruments at December 31, 2025 are as follows:
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December 31, 2025 |
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|
Carrying
Amount |
|
|
Estimated Fair
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
(In thousands) |
|
Financial Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Cash and cash equivalents |
|
$ |
135,686 |
|
|
$ |
135,686 |
|
|
$ |
135,686 |
|
|
$ |
— |
|
|
$ |
— |
|
Securities available-for-sale at fair value |
|
|
182,569 |
|
|
|
182,569 |
|
|
|
2,953 |
|
|
|
179,616 |
|
|
|
— |
|
Securities held-to-maturity |
|
|
153 |
|
|
|
154 |
|
|
|
— |
|
|
|
154 |
|
|
|
— |
|
Loans receivable, net |
|
|
1,796,091 |
|
|
|
1,844,992 |
|
|
|
— |
|
|
|
— |
|
|
|
1,844,992 |
|
Restricted investments in bank stock |
|
|
2,366 |
|
|
|
2,366 |
|
|
|
— |
|
|
|
2,366 |
|
|
|
— |
|
Accrued interest receivable |
|
|
7,797 |
|
|
|
7,797 |
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|
|
— |
|
|
|
7,797 |
|
|
|
— |
|
Equity method investments |
|
|
11,832 |
|
|
|
11,832 |
|
|
|
— |
|
|
|
7,520 |
|
|
|
4,312 |
|
Mortgage servicing rights |
|
|
622 |
|
|
|
622 |
|
|
|
— |
|
|
|
622 |
|
|
|
— |
|
Financial Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
1,976,193 |
|
|
|
1,904,904 |
|
|
$ |
— |
|
|
$ |
1,904,904 |
|
|
$ |
— |
|
Accrued interest payable |
|
|
8,529 |
|
|
|
8,529 |
|
|
|
— |
|
|
|
8,529 |
|
|
|
— |
|
|