v3.26.1
Disclosures About Fair Value of Assets (Tables)
6 Months Ended
Jun. 30, 2026
Disclosures About Fair Value of Assets  
Schedule of fair value measurements of assets recognized

Fair Value Measurements Using

Quoted Prices

in

Active

Significant

Markets for

Other

Significant

Identical 

Observable 

Unobservable

Assets

Inputs

Inputs

Fair Value

(Level 1)

(Level 2)

(Level 3)

June 30, 2026:

  ​ ​ ​

  ​

  ​ ​ ​

  ​

  ​ ​ ​

  ​

  ​ ​ ​

  ​

Available-for Sale debt securities:

  ​

  ​

  ​

  ​

U.S. Government and federal agencies

$

7,247

$

$

7,247

$

Mortgage-backed: GSE - residential

 

37,733

 

 

37,733

 

State and political Subdivision

 

18,180

 

 

18,180

 

Total Available-For-sale debt securities

$

63,160

$

$

63,160

$

Equity securities:

 

  ​

 

  ​

 

  ​

 

  ​

FHLMC stock

$

215

$

215

$

$

Community Development Corp. Stock

62

62

Mortgage servicing rights **

 

208

 

 

208

 

Total

$

63,645

$

215

$

63,430

$

December 31, 2025:

 

  ​

 

  ​

 

  ​

 

  ​

Available-for Sale debt securities:

 

  ​

 

  ​

 

  ​

 

  ​

U.S. Government and federal agency

$

7,281

$

574

$

6,707

$

Mortgage-backed: GSE - residential

40,926

 

 

40,926

 

State and political subdivision

18,723

 

 

18,723

 

Total Available-for-sale debt securities

$

66,930

$

574

$

66,356

$

Equity securities:

 

  ​

 

  ​

 

  ​

 

  ​

FHLMC Stock

$

346

$

346

$

$

Community Development Corp. Stock

62

62

Mortgage servicing rights

 

208

 

 

208

 

Total

$

67,546

$

920

$

66,626

$

** - Management did not utilize a valuation model to calculated the fair value of mortgage servicing rights at June 30. 2026 but Management determined that the change in fair value was not significant to the consolidated financial statements as of June 30, 2026.

Schedule of carrying value and estimated fair value of financial instruments

June 30, 2026

  ​ ​ ​

Carrying Value  

  ​ ​ ​

Level 1  

  ​ ​ ​

Level 2  

  ​ ​ ​

Level 3  

Financial assets:

Cash and cash equivalents

$

19,473

$

19,473

$

$

Available-for-sale debt securities

 

63,160

 

 

63,160

 

Held-to-maturity debt securities

 

4,207

 

 

4,127

 

Equity securities

 

277

 

215

 

62

 

Loans

 

111,560

 

 

 

108,276

Interest receivable

 

724

 

724

 

 

Federal Home Loan Bank Stock

 

375

 

 

 

375

Cash surrender value of bank-owned life insurance

 

4,142

 

 

 

4,142

Financial liabilities:

 

 

  ​

 

  ​

 

  ​

Deposits

 

167,501

 

 

149,738

Interest payable

 

 

 

 

December 31, 2025

  ​ ​ ​

Carrying Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets:

 

  ​

 

  ​

 

  ​

  ​

Cash and cash equivalents

$

15,494

$

15,494

$

$

Available-for-sale debt securities

 

66,930

 

574

 

66,356

 

Held-to-maturity debt securities

 

6,205

 

 

6,184

 

Equity securities

 

408

 

346

 

62

 

Loans

 

108,869

 

 

 

105,717

Interest receivable

 

757

 

757

 

 

Federal Home Loan Bank Stock

 

354

 

 

 

354

Cash surrender value of bank-owned life insurance

 

4,086

 

 

 

4,086

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

 

166,478

 

 

 

152,948

Interest payable

 

1

 

1

 

 

Schedule of fair value measurement of assets measured at fair value on a nonrecurring basis

Fair Value Measurements Using

Quoted

Prices

in Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

Assets

Inputs

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

(Level 3)

June 30, 2026:

  ​

  ​

  ​

  ​

Individually analyzed loans (collateral dependent)

$

$

$

$

December 31, 2025:

 

  ​

 

  ​

 

  ​

 

  ​

Individually analyzed loans (collateral dependent)

$

$

$

$