| Financial Instruments. |
(8)
Financial Instruments. The estimated fair values and fair value measurement method with respect to the Company’s financial
instruments were as follows (dollars in thousands):
Schedule of Estimated Fair Value of Financial Instruments
| | |
At
March 31, 2026 | | |
At
December 31, 2025 | |
| | |
Carrying
Amount | | |
Fair
Value | | |
Level | | |
Carrying
Amount | | |
Fair
Value | | |
Level | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Financial assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 140,016 | | |
$ | 140,016 | | |
| 1 | | |
$ | 114,559 | | |
$ | 114,559 | | |
| 1 | |
| Debt securities available for sale | |
| 27,044 | | |
| 27,044 | | |
| 2 | | |
| 25,184 | | |
| 25,184 | | |
| 2 | |
| Debt securities held-to-maturity | |
| 212 | | |
| 188 | | |
| 2 | | |
| 214 | | |
| 190 | | |
| 2 | |
| Loans | |
| 1,078,533 | | |
| 1,092,756
| | |
| 3 | | |
| 947,294 | | |
| 975,648 | | |
| 3 | |
| Federal Home Loan Bank stock | |
| 2,678 | | |
| 2,678 | | |
| 3 | | |
| 3,028 | | |
| 3,028 | | |
| 3 | |
| Accrued interest receivable | |
| 3,994 | | |
| 3,994 | | |
| 3 | | |
| 3,621 | | |
| 3,621 | | |
| 3 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Financial liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Deposit liabilities | |
| 1,092,883 | | |
| 1,077,390
| | |
| 3 | | |
| 931,750 | | |
| 919,187 | | |
| 3 | |
| Federal Home Loan Bank advances | |
| 40,000 | | |
| 40,010 | | |
| 3 | | |
| 50,000 | | |
| 50,029 | | |
| 3 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARIES
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|