SUBORDINATED DEBT	6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]
SUBORDINATED DEBT	9. SUBORDINATED DEBT On April 20, 2021, the Company issued and sold $20.0 million in aggregate principal amount of its 4.875% Fixed-to-Floating Rate Subordinated Notes (the “Notes”) to certain qualified institutional buyers in a private placement transaction. The Notes mature on May 1, 2031 (“Maturity Date”) and were designed to qualify as Tier 2 capital under the Federal Reserve’s capital adequacy regulations. During the last five years of the Notes, the amount eligible for Tier 2 capital must be reduced by 20% of the original amount annually (net of redemptions), and no amount of the Notes is eligible for inclusion in Tier 2 capital when the remaining maturity of the Notes is less than one year. At June 30, 2026, $19.8 million aggregate principal amount of the Notes was outstanding. From the issuance date through April 30, 2026, the Notes bore interest at a fixed interest rate of 4.875% per annum. Beginning on May 1, 2026, the Notes bear interest at a floating rate equal to the 90-day average Secured Overnight Financing Rate (“SOFR”), plus 412 basis points, payable quarterly in arrears. These Notes are presented in the consolidated balance sheets under the caption ‘‘Subordinated debt’’ and the balance of $19.8 million at both June 30, 2026 and December 31, 2025, respectively, are net of remaining unamortized deferred issuance costs of approximately $190,000 and $210,000, respectively that are being amortized through the Maturity Date into interest expense on subordinated debt in the Company’s consolidated statements of net income. Amortization of issuance costs into interest expense was $20,000 for the six months ended June 30, 2026 and the six months ended June 30, 2025, respectively. The Company has the ability to call the Notes, in whole, or in part, at a redemption price equal to 100% of the principal amount at certain times on or after May 1, 2026, and at any time upon the occurrence of certain events, subject in each case to the approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve”). As of June 30, 2026, the Company has not redeemed any portion of the Notes.

SUBORDINATED DEBT

6 Months Ended

Jun. 30, 2026

9. SUBORDINATED DEBT

On April 20, 2021, the Company issued and sold $20.0 million in aggregate principal amount of its 4.875% Fixed-to-Floating Rate Subordinated Notes (the “Notes”) to certain qualified institutional buyers in a private placement transaction. The Notes mature on May 1, 2031 (“Maturity Date”) and were designed to qualify as Tier 2 capital under the Federal Reserve’s capital adequacy regulations. During the last five years of the Notes, the amount eligible for Tier 2 capital must be reduced by 20% of the original amount annually (net of redemptions), and no amount of the Notes is eligible for inclusion in Tier 2 capital when the remaining maturity of the Notes is less than one year. At June 30, 2026, $19.8 million aggregate principal amount of the Notes was outstanding.

From the issuance date through April 30, 2026, the Notes bore interest at a fixed interest rate of 4.875% per annum. Beginning on May 1, 2026, the Notes bear interest at a floating rate equal to the 90-day average Secured Overnight Financing Rate (“SOFR”), plus 412 basis points, payable quarterly in arrears.

These Notes are presented in the consolidated balance sheets under the caption ‘‘Subordinated debt’’ and the balance of $19.8 million at both June 30, 2026 and December 31, 2025, respectively, are net of remaining unamortized deferred issuance costs of approximately $190,000 and $210,000, respectively that are being amortized through the Maturity Date into interest expense on subordinated debt in the Company’s consolidated statements of net income. Amortization of issuance costs into interest expense was $20,000 for the six months ended June 30, 2026 and the six months ended June 30, 2025, respectively.

The Company has the ability to call the Notes, in whole, or in part, at a redemption price equal to 100% of the principal amount at certain times on or after May 1, 2026, and at any time upon the occurrence of certain events, subject in each case to the approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve”). As of June 30, 2026, the Company has not redeemed any portion of the Notes.