v3.26.1
ESOP (Tables)
6 Months Ended
Jun. 30, 2026
ESOP  
Schedule of ESOP information

A partial annual contribution to the ESOP was made during the year ended December 31, 2025, as loan payments are made annually on December 31st of each year. Compensation expense is recognized over the service period based on the average fair value of the shares and totaled approximately $103,000 and $196,000 for the three and six months ended June 30, 2026, respectively. The following table presents share information held by the ESOP:

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

(Dollars in thousands, except share data)

Number of shares allocated to participants

2,568

Number of shares committed to be released

 

12,545

 

2,159

Number of unallocated shares

 

632,642

 

645,596

Total shares

 

647,755

 

647,755

Fair value of unallocated ESOP shares

$

10,600

$

9,400