| Schedule of Carrying Amounts and Fair Values of Financial Instruments |
A summary of the carrying amounts and fair values of the Company’s financial instruments at June 30, 2026 and December 31, 2025 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | | | Fair Value Measurements | | June 30, 2026 | | Quoted Prices in Active Markets for Identical Assets | | Other Observable Inputs | | Net Significant Unobservable Inputs | | (dollars in thousands) | Carrying amount | | Fair value | | (Level 1) | | (Level 2) | | (Level 3) | | Assets: | | | | | | | | | | | Cash and due from banks | $ | 22,900 | | | $ | 22,900 | | | $ | 22,900 | | | $ | — | | | $ | — | | | Federal funds sold and overnight interest bearing deposits | 9,835 | | 9,835 | | 9,835 | | — | | — | | Certificates of deposit in other banks | 1,000 | | 1,000 | | 1,000 | | — | | — | | | | | | | | | | | | Other investment securities | 2,624 | | 2,624 | | — | | 2,624 | | — | | Loans, net | 1,395,630 | | 1,380,655 | | — | | — | | 1,380,655 | | Loans held for sale | 152 | | 152 | | — | | 152 | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrued interest receivable | 7,738 | | 7,738 | | 7,738 | | — | | — | | Total assets | $ | 1,439,879 | | | $ | 1,424,904 | | | $ | 41,473 | | | $ | 2,776 | | | $ | 1,380,655 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Deposits: | | | | | | | | | | | Non-interest bearing demand | $ | 416,389 | | | $ | 416,389 | | | $ | 416,389 | | | $ | — | | | $ | — | | | Savings, interest checking and money market | 775,792 | | 775,792 | | 775,792 | | — | | — | | Time deposits | 296,008 | | 294,112 | | — | | — | | 294,112 | | | | | | | | | | | FHLB advances and other borrowings | 29,362 | | 28,161 | | — | | 28,161 | | — | | Subordinated notes | 49,486 | | 44,076 | | — | | 44,076 | | — | | | | | | | | | | | | | | | | | | | | | | Accrued interest payable | 1,539 | | 1,539 | | 1,539 | | — | | — | | Total liabilities | $ | 1,568,576 | | | $ | 1,560,069 | | | $ | 1,193,720 | | | $ | 72,237 | | | $ | 294,112 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | Fair Value Measurements | | December 31, 2025 | | Quoted Prices in Active Markets for Identical Assets | | Other Observable Inputs | | Net Significant Unobservable Inputs | | (dollars in thousands) | Carrying amount | | Fair value | | (Level 1) | | (Level 2) | | (Level 3) | | Assets: | | | | | | | | | | | Cash and due from banks | $ | 16,632 | | | $ | 16,632 | | | $ | 16,632 | | | $ | — | | | $ | — | | | Federal funds sold and overnight interest-bearing deposits | 87,680 | | | 87,680 | | | 87,680 | | | — | | | — | | | Certificates of deposit in other banks | 1,000 | | | 1,000 | | | 1,000 | | | — | | | — | | | | | | | | | | | | | Other investment securities | 5,910 | | | 5,910 | | | — | | | 5,910 | | | — | | | Loans, net | 1,465,681 | | | 1,445,226 | | | — | | | — | | | 1,445,226 | | | Loans held for sale | 616 | | | 616 | | | — | | | 616 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accrued interest receivable | 8,447 | | | 8,447 | | | 8,447 | | | — | | | — | | | Total assets | $ | 1,585,966 | | | $ | 1,565,511 | | | $ | 113,759 | | | $ | 6,526 | | | $ | 1,445,226 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Deposits: | | | | | | | | | | | Non-interest bearing demand | $ | 423,568 | | | $ | 423,568 | | | $ | 423,568 | | | $ | — | | | $ | — | | | Savings, interest checking and money market | 827,069 | | | 827,069 | | | 827,069 | | | — | | | — | | | Time deposits | 303,512 | | | 302,189 | | | — | | | — | | | 302,189 | | | | | | | | | | | | FHLB advances and other borrowings | 102,086 | | | 102,114 | | | 86 | | | 102,028 | | | — | | | Subordinated notes | 49,486 | | | 43,829 | | | — | | | 43,829 | | | — | | | | | | | | | | | | | | | | | | | | | | | Accrued interest payable | 1,625 | | | 1,625 | | | 1,625 | | | — | | | — | | | Total liabilities | $ | 1,707,346 | | | $ | 1,700,394 | | | $ | 1,252,348 | | | $ | 145,857 | | | $ | 302,189 | |
|