v3.26.1
Fair Value of Financial Instruments
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments

Note 9: Fair Value of Financial Instruments

Financial instruments are classified within the fair value hierarchy using the methodologies described in Note 8 – Fair Value Measurements. The following disclosures include financial instruments that are not carried at fair value on the Consolidated Balance Sheets. The calculation of estimated fair values is based on market conditions at a specific point in time and may not reflect current or future fair values.

Certain financial instruments generally expose the Company to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market. The carrying value of these financial instruments assumes to approximate the fair value of these instruments. These instruments include cash and cash equivalents, non-interest-bearing deposit accounts, time deposits with other financial institutions, FHLB stock, escrow deposits, FHLB advances and accrued interest receivable and payable. The fair market values of loans and interest-bearing deposits are calculated using the discounted cash flow (present value) method.

The carrying amounts and estimated fair values by fair value hierarchy of certain financial instruments as of March 31, 2026 and December 31, 2025, follows:

  ​ ​ ​

Carrying

Estimated

Amount

Fair Value

  ​ ​ ​

March 31, 2026

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

  ​ ​ ​

March 31, 2026

Financial assets:

  ​

  ​

  ​

  ​

  ​

HTM debt securities:

  ​

  ​

  ​

  ​

  ​

U.S. government sponsored agencies

$

27,332,368

$

$

27,367,652

$

$

27,367,652

U.S. Treasury securities

$

6,613,280

$

6,620,985

$

$

$

6,620,985

Loans, net

$

184,964,182

$

$

$

176,740,000

$

176,740,000

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Interest-bearing deposits

$

211,404,438

$

$

200,417,000

$

$

200,417,000

Fixed rate, fixed term FHLB advances

$

28,562,820

$

$

28,520,288

$

$

28,520,288

  ​ ​ ​

Carrying

Estimated

Amount

Fair Value

  ​ ​ ​

December 31, 2025

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

  ​ ​ ​

December 31, 2025

Financial assets:

  ​

  ​

  ​

  ​

  ​

HTM debt securities:

  ​

  ​

  ​

  ​

  ​

U.S. government sponsored agencies

$

27,632,778

$

$

27,920,369

$

$

27,920,369

U.S. Treasury securities

$

8,798,979

$

8,829,443

$

$

$

8,829,443

Loans, net

$

189,415,521

$

$

$

184,275,000

$

184,275,000

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Interest-bearing deposits

$

209,554,301

$

$

198,751,000

$

$

198,751,000

Fixed rate, fixed term FHLB advances

$

37,062,820

$

$

37,175,221

$

$

37,175,221