| Financial Instruments |
(8)
Financial Instruments. The estimated fair values and fair value measurement method with respect to the Company’s financial
instruments were as follows (dollars in thousands):
Schedule of Estimated Fair Value of Financial Instruments
| | |
At June 30, 2026 | | |
At December 31, 2025 | |
| | |
Carrying Amount | | |
Fair Value | | |
Level | | |
Carrying Amount | | |
Fair Value | | |
Level | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Financial assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 146,238 | | |
$ | 146,238 | | |
| 1 | | |
$ | 114,559 | | |
$ | 114,559 | | |
| 1 | |
| Debt securities available for sale | |
| 26,646 | | |
| 26,646 | | |
| 2 | | |
| 25,184 | | |
| 25,184 | | |
| 2 | |
| Debt securities held-to-maturity | |
| 208 | | |
| 183 | | |
| 2 | | |
| 214 | | |
| 190 | | |
| 2 | |
| Loans | |
| 1,204,381 | | |
| 1,200,258 | | |
| 3 | | |
| 947,294 | | |
| 975,648 | | |
| 3 | |
| Federal Home Loan Bank stock | |
| 1,966 | | |
| 1,966 | | |
| 3 | | |
| 3,028 | | |
| 3,028 | | |
| 3 | |
| Accrued interest receivable | |
| 4,862 | | |
| 4,862 | | |
| 3 | | |
| 3,621 | | |
| 3,621 | | |
| 3 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Financial liabilities: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Deposit liabilities | |
| 1,214,045 | | |
| 1,196,094 | | |
| 3 | | |
| 931,750 | | |
| 919,187 | | |
| 3 | |
| Federal Home Loan Bank advances | |
| 25,000 | | |
| 25,012 | | |
| 3 | | |
| 50,000 | | |
| 50,029 | | |
| 3 | |
(continued)
OPTIMUMBANK
HOLDINGS, INC. AND SUBSIDIARIES
Notes
to Condensed Consolidated Financial Statements (Unaudited)
|