v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements  
Summary of financial assets and financial liabilities measured at fair value on a recurring basis

June 30, 2026

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Inputs

Inputs

Inputs

Fair Value

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

Available for sale securities

 

  ​

 

  ​

 

  ​

 

  ​

Residential mortgage-backed

$

$

5,768

$

$

5,768

Collateralized mortgage obligations

34,936

34,936

State and municipal

 

 

8,691

 

 

8,691

Corporate bonds

9,742

9,742

Total financial assets

$

$

59,137

$

$

59,137

December 31, 2025

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Inputs

Inputs

Inputs

Fair Value

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

Available for sale securities

 

  ​

 

  ​

 

  ​

 

  ​

Residential mortgage-backed

$

$

5,796

$

$

5,796

Collateralized mortgage obligations

35,742

35,742

State and municipal

 

 

8,743

 

 

8,743

Corporate bonds

9,612

9,612

Total financial assets

$

$

59,893

$

$

59,893

Summary of financial assets and financial liabilities measured at fair value on a nonrecurring basis

  ​ ​ ​

June 30, 2026

Level 1

Level 2

Level 3

Total Fair

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Value

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

Collateral-dependent loans

$

$

$

17

$

17

$

$

$

17

$

17

  ​ ​ ​

December 31, 2025

Level 1

Level 2

Level 3

Total Fair

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Value

Financial assets

Collateral-dependent loans

$

$

$

654

$

654

Nonfinancial assets

Other real estate owned

9,271

9,271

$

$

$

9,925

$

9,925

Schedule of quantitative information about significant unobservable inputs

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Significant

  ​ ​ ​

Range of

 

Fair Value at

Principal Valuation

Unobservable

Significant Input

 

Instrument

June 30, 2026

Technique

Inputs

Values

 

Collateral-dependent loans

$

17

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

 

 

Other real estate owned

$

9,104

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Significant

  ​ ​ ​

Range of

 

Fair Value at

Principal Valuation

Unobservable

Significant Input

 

Instrument

December 31, 2025

Technique

Inputs

Values

 

Collateral-dependent loans

$

654

Appraisal of collateral (1)

Appraisal adjustment

5-25

%

Other real estate owned

$

9,271

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

(1)Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.
Summary of estimated fair values, and related carrying amounts, of the Company's financial instruments

June 30, 2026

Level 1

Level 2

Level 3

Total

Total

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

Carrying Value

Financial assets

Cash and cash equivalents

$

7,227

$

$

$

7,227

$

7,227

Interest bearing deposits in banks

 

8,322

 

 

 

8,322

 

8,322

Securities held to maturity

 

 

15,122

 

 

15,122

 

16,708

Loans, net

 

 

 

303,758

 

303,758

 

313,078

Net investment in direct financing leases

 

 

968

 

968

 

998

Accrued interest receivable

 

1,992

 

 

 

1,992

 

1,992

Restricted investments carried at cost

 

2,833

 

 

2,833

 

2,833

Mortgage servicing rights

199

199

199

Financial liabilities

 

  ​

 

  ​

 

 

 

  ​

Deposits

 

 

 

309,495

 

309,495

 

339,629

FHLB advances

 

 

 

46,666

 

46,666

 

46,464

Accrued interest payable

 

619

 

 

 

619

 

619

December 31, 2025

Level 1

Level 2

Level 3

Total

Total

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

Carrying Value

Financial assets

Cash and cash equivalents

$

6,450

$

$

$

6,450

$

6,450

Interest bearing deposits in banks

 

5,509

 

 

 

5,509

 

5,509

Securities held to maturity

 

 

16,744

 

 

16,744

 

18,283

Loans, net

 

 

 

293,446

 

293,446

 

301,986

Net investment in direct financing leases

 

 

 

1,185

 

1,185

 

1,219

Accrued interest receivable

 

1,888

 

 

 

1,888

 

1,888

Restricted investments carried at cost

 

 

2,773

 

 

2,773

 

2,773

Mortgage servicing rights

 

 

 

210

 

210

 

210

Financial liabilities

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

 

 

 

297,856

 

297,856

 

327,904

FHLB advances

 

 

 

46,478

 

46,478

 

45,669

Accrued interest payable

 

683

 

 

 

683

 

683