v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of estimated fair value of financial instruments

Carrying

Fair

Fair value measurements

  ​ ​ ​

amount

  ​ ​ ​

value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

June 30, 2026

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Financial assets:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

177,382

$

177,382

$

177,382

$

$

Investment securities AFS

 

182,710

 

182,710

 

 

182,710

 

Equity securities

11,707

11,707

11,707

Investment in FHLB and FRB Stock

 

19,779

 

19,779

 

 

19,779

 

Loans, net

 

2,052,279

 

2,028,309

 

 

 

2,028,309

Accrued interest receivable

 

8,318

 

8,318

 

 

8,318

 

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

 

2,169,918

 

2,175,464

 

 

2,175,464

 

Other borrowings

 

25,000

 

25,000

 

 

25,000

 

Junior subordinated deferrable interest debentures, net

5,888

6,100

6,100

Accrued interest payable

 

2,141

 

2,141

 

 

2,141

 

Off-balance sheet liabilities:

 

 

  ​

 

  ​

 

  ​

 

  ​

Undisbursed loan commitments, lines of credit, standby letters of credit

 

72,882

 

72,502

 

 

 

72,502

Carrying

Fair

Fair value measurements

  ​ ​ ​

amount

  ​ ​ ​

value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Financial assets:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

206,514

$

206,514

$

206,514

$

$

Investment securities AFS

 

179,708

 

179,708

 

 

179,708

 

Equity securities

 

12,554

12,554

12,554

Investment in FHLB and FRB Stock

19,246

 

19,246

 

 

19,246

 

Loans held for sale

 

1,316

 

1,316

 

 

1,316

 

Loans, net

 

2,045,126

 

2,020,591

 

 

 

2,020,591

Accrued interest receivable

 

8,344

 

8,344

 

 

8,344

 

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

 

2,213,640

 

2,221,521

 

 

2,221,521

 

Junior subordinated deferrable interest debentures, net

 

8,726

8,579

8,579

Accrued interest payable

 

1,831

 

1,831

 

 

1,831

 

Off-balance sheet liabilities:

 

 

  ​

 

  ​

 

  ​

 

  ​

Undisbursed loan commitments, lines of credit, standby letters of credit

 

67,537

 

67,127

 

 

 

67,127