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

Available-for-sale securities are recorded at market value and held-to-maturity securities are carried at amortized cost. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, and U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter market funds. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and state, county and municipal bonds. Securities classified as Level 3 include asset-backed securities in less liquid markets (table in thousands).

  ​ ​ ​

Assets Measured at Fair Value on a Recurring Basis

At June 30, 2026

  ​ ​ ​

Quoted Prices

  ​ ​ ​

Significant

  ​ ​ ​

  ​ ​ ​

in Active

Other

Significant

Markets for

Observable

Unobservable

Balance

Identical Assets

Inputs

Inputs

at June 30, 

(Level 1)

(Level 2)

(Level 3)

2026

Available-for-sale debt securities:

  ​

 

  ​

 

  ​

 

  ​

Mortgage-backed

$

$

61,906

$

$

61,906

Agencies

 

 

38,263

 

 

38,263

Municipal bonds

 

 

687

 

 

687

Total available-for-sale debt securities

$

$

100,856

$

$

100,856

  ​ ​ ​

Assets Measured at Fair Value on a Recurring Basis

At December 31, 2025

  ​ ​ ​

Quoted Prices

  ​ ​ ​

Significant

  ​ ​ ​

  ​ ​ ​

in Active

Other

Significant

Markets for

Observable

Unobservable

Balance

Identical Assets

Inputs

Inputs

at December 31, 

(Level 1)

(Level 2)

(Level 3)

2025

Available-for-sale debt securities:

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage-backed

$

$

67,465

$

$

67,465

Agencies

 

 

38,499

 

 

38,499

Municipal Bonds

 

 

690

 

 

690

Total available-for-sale debt securities

$

$

106,654

$

$

106,654