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

Fair Value Measurements Using

Quoted Prices
In Active
Markets For
Identical Assets

Significant
Other
Observable
Inputs

Significant
Unobservable
Inputs

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

(In thousands)

March 31, 2026

Assets

Securities available-for-sale

Mortgage-backed securities – agency

$

$

83,358

$

CMOs – agency

174,636

Total available-for-sale

$

$

257,994

$

December 31, 2025

Assets

Securities available-for-sale

Mortgage-backed securities – agency

$

$

85,695

$

CMOs – agency

160,810

Total available-for-sale

$

$

246,505

$

Schedule of carrying amounts and fair values (exit prices) of financial instruments not carried at fair value

Fair Value Measurement at March 31, 2026, Using:

Carrying

  ​ ​ ​

Value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

  ​ ​ ​

Total

(In thousands)

Financial Assets:

Cash and cash equivalents

$

222,221

$

222,221

$

$

$

222,221

Securities, held-to-maturity

58,312

53,247

53,247

Securities, restricted, at cost

3,173

N/A

N/A

N/A

N/A

Loans held for investment, net

1,791,550

1,764,120

1,764,120

Accrued interest receivable

13,305

1,226

12,079

13,305

Financial Liabilities:

Time deposits

14,384

14,354

14,354

Demand and other deposits

2,088,184

2,088,184

2,088,184

Secured borrowings

39

39

39

Accrued interest payable

16

16

16

Fair Value Measurement at December 31, 2025, Using:

Carrying

  ​ ​ ​

Value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

  ​ ​ ​(Level 3)    

  ​ ​ ​

Total

(In thousands)

Financial Assets:

Cash and cash equivalents

$

235,887

$

235,887

$

$

$

235,887

Securities, held-to-maturity

60,193

55,500

55,500

Securities, restricted, at cost

3,173

N/A

N/A

N/A

N/A

Loans held for investment, net

1,734,405

1,710,581

1,710,581

Accrued interest receivable

12,640

1,147

11,493

12,640

Financial Liabilities:

Time deposits

6,172

6,146

6,146

Demand and other deposits

2,056,835

2,056,835

2,056,835

Secured borrowings

40

40

40

Accrued interest payable

1

1

1