v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
June 30, 2026
December 31, 2025
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Investment securities available for sale:
U.S. Government Agency
$
-
$
10,855
$
-
$
10,855
$
-
$
14,144
$
-
$
14,144
Collateralized mortgage obligations
-
67,099
-
67,099
-
75,828
-
75,828
Mortgage-backed securities - residential
-
28,991
-
28,991
-
29,917
-
29,917
Mortgage-backed securities - commercial
-
206,999
-
206,999
-
168,108
-
168,108
Municipal securities
-
4,225
-
4,225
-
4,263
-
4,263
Bank subordinated debt securities
-
14,690
-
14,690
-
15,230
-
15,230
Total
-
332,859
-
332,859
-
307,490
-
307,490
Derivative assets
-
6,707
-
6,707
-
9,767
-
9,767
Total assets at fair value
$
-
$
339,566
$
-
$
339,566
$
-
$
317,257
$
-
$
317,257
Derivative liabilities
$
-
$
6,615
$
-
$
6,615
$
-
$
9,786
$
-
$
9,786
Total liabilities at fair value
$
-
$
6,615
$
-
$
6,615
$
-
$
9,786
$
-
$
9,786
Quantified Information about Level 3 Fair Value Measurements for Assets Measured at Fair Value on a Non-recurring Basis
June 30, 2026
Range
Weighted
Financial Instrument
Fair Value
Valuation Technique(s)
Unobservable Input(s)
Minimum
Maximum
average
Collateral dependent loans -
residential loans
$
-
Sales comparison approach
Third-party appraisals and
estimated valuation
adjustments for disposition
costs, senior liens, and SBA
participation interests.
10.0%
100.0%
100%
December 31, 2025
Range
Weighted
Financial Instrument
Fair Value
Valuation Technique(s)
Unobservable Input(s)
Minimum
Maximum
average
Collateral dependent loans -
residential loans
$
2,583
Sales comparison approach
Third party appraisals
0%
0%
0%
Carrying Amounts and Estimated Fair Values of Financial Instruments not Carried at Fair Value
Fair Value Hierarchy
Carrying
Amount
Level 1
Level 2
Level 3
Fair Value
Amount
June 30, 2026:
Financial Assets:
Cash and due from banks
$
7,892
$
7,892
$
-
$
-
$
7,892
Interest-bearing deposits in banks
$
110,262
$
110,262
$
-
$
-
$
110,262
Investment securities held to maturity, net
$
136,127
$
-
$
124,177
$
-
$
124,177
Loans held for investment, net
$
2,295,684
$
-
$
-
$
2,335,350
$
2,335,350
Accrued interest receivable
$
11,670
$
-
$
1,512
$
10,158
$
11,670
Financial Liabilities:
Non-interest bearing demand deposits
$
618,062
$
618,062
$
-
$
-
$
618,062
Savings and money market deposits
$
1,251,598
$
1,251,598
$
-
$
-
$
1,251,598
Interest-bearing demand deposits
$
49,721
$
49,721
$
-
$
-
$
49,721
Time deposits
$
532,890
$
-
$
531,300
$
-
$
531,300
FHLB advances
$
240,900
$
-
$
240,622
$
-
$
240,622
Subordinated notes, net
$
39,376
$
-
$
35,785
$
-
$
35,785
Accrued interest payable
$
3,334
$
-
$
3,334
$
-
$
3,334
December 31, 2025:
Financial Assets:
Cash and due from banks
$
6,027
$
6,027
$
-
$
-
$
6,027
Interest-bearing deposits in banks
$
32,450
$
32,450
$
-
$
-
$
32,450
Investment securities held to maturity, net
$
153,941
$
-
$
142,508
$
-
$
142,508
Loans held for investment, net
$
2,163,757
$
-
$
-
$
2,210,781
$
2,210,781
Accrued interest receivable
$
11,661
$
-
$
1,443
$
10,218
$
11,661
Financial Liabilities:
Non-interest bearing demand deposits
$
583,860
$
583,860
$
-
$
-
$
583,860
Savings and money market deposits
$
1,186,422
$
1,186,422
$
-
$
-
$
1,186,422
Interest-bearing demand deposits
$
46,989
$
46,989
$
-
$
-
$
46,989
Time deposits
$
527,809
$
-
$
527,575
$
-
$
527,575
FHLB advances
$
158,250
$
-
$
158,342
$
-
$
158,342
Subordinated notes, net
$
39,300
$
-
$
40,131
$
-
$
40,131
Accrued interest payable
$
3,984
$
-
$
3,984
$
-
$
3,984