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

Carrying Value

(In thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

June 30, 2026

 

  ​

 

  ​

 

  ​

 

  ​

Assets Measured on a Recurring Basis

 

  ​

 

  ​

 

  ​

 

  ​

Securities available for sale:

 

  ​

 

  ​

 

  ​

 

  ​

Agency mortgage-backed securities

$

$

114,389

$

$

114,389

Agency CMO

 

 

108,253

 

 

108,253

Agency notes and bonds

 

 

37,762

 

 

37,762

Treasury notes and bonds

 

2,465

 

 

 

2,465

Municipal obligations

 

 

144,048

 

 

144,048

Total securities available for sale

$

2,465

$

404,452

$

$

406,917

Equity securities

$

1,305

$

$

 

1,305

Assets Measured on a Nonrecurring Basis

 

  ​

 

  ​

 

  ​

 

  ​

Collateral dependent loans:

 

  ​

 

  ​

 

  ​

 

  ​

Commercial Real Estate

$

$

$

440

$

440

Commercial Business

227

227

1-4 Family Residential Construction

 

 

 

37

 

37

Total collateral dependent loans

$

$

$

704

$

704

Carrying Value

(In thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

Assets Measured on a Recurring Basis

 

  ​

 

  ​

 

  ​

 

  ​

Securities available for sale:

 

  ​

 

  ​

 

  ​

 

  ​

Agency mortgage-backed securities

$

$

91,930

$

$

91,930

Agency CMO

 

 

100,746

 

 

100,746

Agency notes and bonds

 

 

74,391

 

 

74,391

Treasury notes and bonds

 

2,461

 

 

 

2,461

Municipal obligations

 

 

147,662

 

 

147,662

Total securities available for sale

$

2,461

$

414,729

$

$

417,190

Equity securities

$

1,035

$

$

 

1,035

Assets Measured on a Nonrecurring Basis

 

  ​

 

  ​

 

  ​

 

  ​

Collateral dependent loans:

 

  ​

 

  ​

 

  ​

 

  ​

Commercial Business

$

$

$

412

$

412

1-4 Family Residential Construction

 

 

 

37

 

37

Total collateral dependent loans

$

$

$

449

$

449

Schedule of estimated fair values of the company's financial instruments

Carrying

Fair

Fair Value Measurements Using

(In thousands)

  ​ ​ ​

Value

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

June 30, 2026:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Financial assets:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

149,812

$

149,812

$

149,812

$

 

$

Interest-bearing time deposits

 

1,225

 

1,224

 

 

1,224

 

 

Securities available for sale

 

406,917

 

406,917

 

2,465

 

404,452

 

 

Securities held to maturity

 

7,000

 

5,542

 

 

5,542

 

 

Loans held for sale

 

1,326

 

1,350

 

 

1,350

 

 

Loans, net

 

668,124

 

652,886

 

 

 

 

652,886

FHLB and other restricted stock

 

1,836

 

N/A

 

N/A

N/A

 

 

N/A

Accrued interest receivable

 

5,057

 

5,057

 

 

5,057

 

 

Equity securities (included in other assets)

 

1,305

1,305

1,305

Financial liabilities:

 

 

 

 

 

 

Deposits

 

1,136,731

 

1,136,500

 

896,981

 

 

 

239,519

Accrued interest payable

 

1,942

1,942

1,942

December 31, 2025:

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

Cash and cash equivalents

$

137,288

$

137,288

$

137,288

$

 

$

Interest-bearing time deposits

 

1,470

 

1,480

 

 

1,480

 

 

Securities available for sale

 

417,190

 

417,190

 

2,461

 

414,729

 

 

Securities held to maturity

 

7,000

 

5,243

 

 

5,243

 

 

Loans held for sale

 

1,464

 

1,489

 

 

1,489

 

 

Loans, net

 

654,100

 

625,927

 

 

 

 

625,927

FHLB and other restricted stock

 

1,836

 

N/A

 

N/A

 

N/A

 

 

N/A

Accrued interest receivable

 

5,100

 

5,100

 

 

5,100

 

 

Equity securities (included in other assets)

 

1,035

 

1,035

 

1,035

 

 

 

Financial liabilities:

 

 

 

 

 

 

Deposits

 

1,122,990

1,123,123

885,622

237,501

Accrued interest payable

 

2,195

 

2,195

 

 

2,195