v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Assets Measured at Fair Value on Recurring Basis

The tables below present the recorded amount of assets as of March 31, 2026 and December 31, 2025 measured at fair value on a recurring basis.

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

Quoted prices

 

 

Significant

 

 

Significant

 

 

 

 

 

in active

 

 

other

 

 

other

 

 

 

 

 

markets for

 

 

observable

 

 

unobservable

 

As of March 31, 2026

 

Total

 

 

identical assets

 

 

inputs

 

 

inputs

 

 

(dollars in thousands)

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

Agencies

 

$

349

 

 

$

 

 

$

349

 

 

$

 

Corporate securities

 

 

1,365

 

 

 

 

 

 

1,365

 

 

 

 

Mortgage-backed securities

 

 

22,275

 

 

 

 

 

 

22,275

 

 

 

 

Treasuries

 

 

8,901

 

 

 

 

 

 

8,901

 

 

 

 

 

$

32,890

 

 

$

 

 

$

32,890

 

 

$

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

Quoted prices

 

 

Significant

 

 

Significant

 

 

 

 

 

in active

 

 

other

 

 

other

 

 

 

 

 

markets for

 

 

observable

 

 

unobservable

 

As of December 31, 2025

 

Total

 

 

identical assets

 

 

inputs

 

 

inputs

 

 

(dollars in thousands)

 

Securities available for sale

 

 

 

 

 

 

 

 

 

 

 

 

Agencies

 

$

404

 

 

$

 

 

$

404

 

 

$

 

Corporate securities

 

 

1,361

 

 

 

 

 

 

1,361

 

 

 

 

Mortgage-backed securities

 

 

19,116

 

 

 

 

 

 

19,116

 

 

 

 

Treasuries

 

 

12,345

 

 

 

 

 

 

12,345

 

 

 

 

 

$

33,226

 

 

$

 

 

$

33,226

 

 

$

 

Summary of Assets Measured at Fair Value on Non Recurring Basis Assets measured at fair value on a non-recurring basis as of March 31, 2026 and December 31, 2025 were included in the tables below.

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

Quoted prices

 

 

Significant

 

 

Significant

 

 

 

 

 

in active

 

 

other

 

 

other

 

 

 

 

 

markets for

 

 

observable

 

 

unobservable

 

As of March 31, 2026

 

Total

 

 

identical assets

 

 

inputs

 

 

inputs

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated loans

 

$

2,625

 

 

$

 

 

$

 

 

$

2,625

 

Foreclosed real estate and repossessed assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,625

 

 

$

 

 

$

 

 

$

2,625

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

Quoted prices

 

 

Significant

 

 

Significant

 

 

 

 

 

in active

 

 

other

 

 

other

 

 

 

 

 

markets for

 

 

observable

 

 

unobservable

 

As of December 31, 2025

 

Total

 

 

identical assets

 

 

inputs

 

 

inputs

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated loans

 

$

2,261

 

 

$

 

 

$

 

 

$

2,261

 

Foreclosed real estate and repossessed assets

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,261

 

 

$

 

 

$

 

 

$

2,261