v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
SCHEDULE OF COMPANY’S ASSETS MEASURED AT FAIR VALUE

The following table presents information about the Company’s assets that are measured at fair value as of March 31, 2026 and December 31, 2025 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

   Level   March 31, 2026   December 31, 2025 
Marketable securities held in Trust Account   1   $178,582,550   $177,124,457 

The following table presents information about the Company’s assets that are measured at fair value as of December 31, 2025 and 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

 

   Level   December 31, 2025   December 31, 2024 
Marketable securities held in Trust Account   1   $177,124,457   $— 
Old Glory Holding Co [Member]    
SCHEDULE OF ASSETS AND LIABILITIES RECURRING BASIS

Below is a table that presents information about certain assets and liabilities measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025:

 

   Level 1   Level 2   Level 3   Total 
   March 31, 2026 
   Level 1   Level 2   Level 3   Total 
Financial assets:                    
                     
US Treasury notes  $201   $-   $   -   $201 
Agency mortgage-backed securities   -    105,863    -    105,863 
Municipal   -    156    -    156 
Agency guaranteed student loan bonds   -    96,696    -    96,696 
                     
Total  $201   $202,715   $-   $202,916 

 

   Level 1   Level 2   Level 3   Total 
   December 31, 2025 
   Level 1   Level 2   Level 3   Total 
Financial assets:                    
                     
US Treasury notes  $4,203   $-   $    -   $4,203 
Agency mortgage-backed securities   -    99,425    -    99,425 
Municipal   -    156    -    156 
Agency note   -    2,003    -    2,003 
Agency guaranteed student loan bonds   -    56,919    -    56,919 
                     
Total  $4,203   $158,503   $-   $162,706 

Below is a table that presents information about certain assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and 2024:

 

   Level 1   Level 2   Level 3   Total 
   2025 
   Level 1   Level 2   Level 3   Total 
Financial assets:                    
                     
US Treasury notes  $4,203   $-   $-   $4,203 
Agency mortgage-backed securities   -    99,425    -    99,425 
Municipal   -    156    -    156 
Agency note   -    2,003    -    2,003 
Agency guaranteed student loan bonds   -    56,919    -    56,919 
                     
Total  $4,203   $158,503   $-   $162,706 

 

   Level 1   Level 2   Level 3   Total 
   2024 
   Level 1   Level 2   Level 3   Total 
Financial assets:                    
                     
US Treasury notes  $198   $-   $-   $198 
Municipal   -    225    -    225 
                     
Total  $198   $225   $-   $423 
SCHEDULE OF ASSETS AND LIABILITIES NON RECURRING BASIS

The following table presents assets measured at fair value on a non-recurring basis as of March 31, 2026 and December 31, 2025:

 

   Level 1   Level 2   Level 3 
   March 31, 2026 
   Level 1   Level 2   Level 3 
             
Financial assets:                        
                
Individually evaluated loans  $-   $-    76 
                
Total  $-   $-   $198 

 

   Level 1   Level 2   Level 3 
   December 31, 2025 
   Level 1   Level 2   Level 3 
             
Financial assets:                       
                
Individually evaluated loans  $-   $-   $92 
                
Total  $-   $-   $92 

The following table presents assets measured at fair value on a non-recurring basis as of December 31, 2025 and 2024:

 

   Level 1   Level 2   Level 3    
               Range Of
               Level 3
               Appraisal
   2025   Adjustments
   Level 1   Level 2   Level 3    
                
Financial assets:                  
                   
Individually evaluated loans  $-   $-   $92   0% - 10%
                   
Total  $-   $-   $92    

 

   Level 1   Level 2   Level 3    
      Range Of
        Level 3
       Appraisal
   2024   Adjustments
   Level 1   Level 2   Level 3    
                
Financial assets:                  
                   
Individually evaluated loans  $-   $-    -   0% - 10%
                   
Total  $-   $-   $-    
SCHEDULE OF ASSETS AND LIABILITIES

The following table summarizes the carrying amount and fair value of all financial assets and liabilities as of March 31, 2026 and December 31, 2025:

 

   Amount   Total   Level 1   Level 2   Level 3 
       2026 
       Fair Value Measurements 
   Carrying                 
   Amount   Total   Level 1   Level 2   Level 3 
Financial Assets:                         
                          
Cash and cash equivalents   45,971    45,971    45,971    -    - 
Available for sale securities   202,916    202,916    201    202,715    - 
Mortgage loans held for sale   3,326    3,393    -    3,393    - 
Loans receivable, net   22,262    22,336    -    -    22,336 
Accrued interest receivable   521    521    -    396    125 
                          
Financial Liabilities:                         
                          
Time deposits   12,212    12,212    -    12,212    - 
Accrued interest payable   -    -    -    -    - 

 

   Amount   Total   Level 1   Level 2   Level 3 
       2025 
       Fair Value Measurements 
   Carrying                 
   Amount   Total   Level 1   Level 2   Level 3 
Financial Assets:                         
                          
Cash and cash equivalents   72,399    72,399    72,399    -    - 
Available for sale securities   162,706    162,706    4,203    158,503    - 
Mortgage loans held for sale   600    612    -    612    - 
Loans receivable, net   17,475    17,482    -    -    17,482 
Accrued interest receivable   356    356    -    253    103 
                          
Financial Liabilities:                         
                          
Time deposits   9,148    9,148    -    9,148    - 
Accrued interest payable   1    1    -    1    - 

The following table summarizes the carrying amount and fair value of all financial assets and liabilities as of December 31, 2025 and 2024:

 

   Amount   Total   Level 1   Level 2   Level 3 
       2025 
   Carrying   Fair Value Measurements 
   Amount   Total   Level 1   Level 2   Level 3 
Financial Assets:                         
                          
Cash and cash equivalents   72,399    72,399    72,399    -    - 
Available for sale securities   162,706    162,706    4,203    158,503    - 
Mortgage loans held for sale   600    612    -    612    - 
Loans receivable, net   17,475    17,482    -    -    17,482 
Accrued interest receivable   356    356    -    253    103 
                          
Financial Liabilities:                         
                          
Time deposits   9,148    9,148    -    9,148    - 
Accrued interest payable   1    1    -    1    - 

 

 

OLD GLORY HOLDING COMPANY AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(dollars in thousands, except share data)

 

December 31, 2025 and 2024

 

 

   Amount   Total   Level 1   Level 2   Level 3 
       2024 
   Carrying   Fair Value Measurements 
   Amount   Total   Level 1   Level 2   Level 3 
Financial Assets:                         
                          
Cash and cash equivalents   174,605    174,605    174,605    -    - 
Available for sale securities   423    423    198    225    - 
Mortgage loans held for sale   739    754    -    754    - 
Loans receivable, net   3,742    3,635    -    -    3,635 
Accrued interest receivable   27    27    -    3    24 
                          
Financial Liabilities:                         
                          
Time deposits   3,740    3,740    -    3,740    - 
Accrued interest payable   1    1    -    1    -