Fair Value Measurements (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Fair Value Measurements |
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| Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis |
| | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | | | Quoted Prices | | | | | | | | | | | | in Active | | Significant | | | | | | | | | Markets for | | Other | | Significant | | | | | | Identical | | Observable | | Unobservable | | | | | | Assets | | Inputs | | Inputs | | | Fair Value | | (Level 1) | | (Level 2) | | (Level 3) | | | | (In thousands) | June 30, 2026 | | | | | | | | | | | | | U.S. government agencies | | $ | 2,421 | | $ | — | | $ | 2,421 | | $ | — | Subordinated Notes | | | 21,357 | | | — | | | 21,357 | | | — | State and municipal obligations | | | 217,268 | | | — | | | 217,268 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | U.S. government agencies | | $ | 2,454 | | $ | — | | $ | 2,454 | | $ | — | Subordinated Notes | | | 20,909 | | | — | | | 20,909 | | | — | State and municipal obligations | | | 210,841 | | | — | | | 210,841 | | | — |
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| Schedule of loans by purpose, the amortized costs basis of collateral-dependent nonaccrual loans |
| | | | | | | | | | | | Real Estate | | Other | | Total | (In Thousands) | | | | | | | | | | Commercial and Industrial | | $ | — | | $ | 273 | | $ | 273 | Commercial real estate | | | 5,790 | | | — | | | 5,790 | Residential | | | 344 | | | — | | | 344 | Installment | | | — | | | — | | | — | Total | | $ | 6,134 | | $ | 273 | | $ | 6,407 |
| | | | | | | | | | | | Real Estate | | Other | | Total | (In Thousands) | | | | | | | | | | Commercial and Industrial | | $ | — | | $ | 312 | | $ | 312 | Commercial real estate | | | 1,385 | | | — | | | 1,385 | Residential | | | 453 | | | — | | | 453 | Installment | | | — | | | — | | | — | Total | | $ | 1,838 | | $ | 312 | | $ | 2,150 |
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| Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a non-recurring basis |
| | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | | | Quoted Prices | | | | | | | | | | | | in Active | | Significant | | | | | | | | | Markets for | | Other | | Significant | | | | | | Identical | | Observable | | Unobservable | | | Fair | | Assets | | Inputs | | Inputs | | | Value | | (Level 1) | | (Level 2) | | (Level 3) | | | | (In thousands) | June 30, 2026 | | | | | | | | | | | | | Collateral dependent loans | | $ | 620 | | $ | — | | $ | — | | $ | 620 | Foreclosed assets held for sale | | | 2,261 | | | — | | | — | | | 2,261 | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | Collateral dependent loans | | $ | 821 | | $ | — | | $ | — | | $ | 821 | Foreclosed assets held for sale | | | 2,540 | | | — | | | — | | | 2,540 |
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| Schedule of information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements |
| | | | | | | | | | | | | Fair Value at | | Valuation | | Unobservable | | | | | | 6/30/26 | | Technique | | Inputs | | Range | | | | | (In thousands) | | Collateral-dependent loans | | $ | 620 | | Market comparable properties | | Comparability adjustments | | 5% –10% | | Foreclosed assets held for sale | | | 2,261 | | Market comparable properties | | Marketability discount | | 10% – 35% | |
| | | | | | | | | | | | Fair Value at | | Valuation | | Unobservable | | | | | 12/31/25 | | Technique | | Inputs | | Range | | | | (In thousands) | Collateral-dependent loans | | $ | 821 | | Market comparable properties | | Comparability adjustments | | 5% – 10% | Foreclosed assets held for sale | | | 2,540 | | Market comparable properties | | Marketability discount | | 10% – 35% |
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| Schedule of estimated fair values of company's financial instruments |
| | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | | | Quoted Prices | | | | | | | | | | | | in Active | | Significant | | | | | | | | | Markets for | | Other | | Significant | | | | | | Identical | | Observable | | Unobservable | | | Carrying | | Assets | | Inputs | | Inputs | | | Amount | | (Level 1) | | (Level 2) | | (Level 3) | | | | (In thousands) | June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | Financial assets | | | | | | | | | | | | | Cash and cash equivalents | | $ | 45,984 | | $ | 45,984 | | $ | — | | $ | — | Loans, net of allowance | | | 491,378 | | | — | | | — | | | 478,587 | Federal Home Loan Bank | | | 3,287 | | | — | | | 3,287 | | | — | Accrued interest receivable | | | 4,233 | | | — | | | 4,233 | | | — | | | | | | | | | | | | | | Financial liabilities | | | | | | | | | | | | | Deposits | | | 686,945 | | | — | | | 688,016 | | | — | Securities sold under repurchase agreements | | | 29,388 | | | — | | | 29,388 | | | — | Subordinated debentures | | | 23,939 | | | — | | | 23,590 | | | — | Advance Federal Home Loan Bank | | | 55,000 | | | — | | | 54,967 | | | — | Accrued interest payable | | | 560 | | | — | | | 560 | | | — |
| | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | | | Quoted Prices | | | | | | | | | | in Active | | Significant | | | | | | | | Markets for | | Other | | Significant | | | | | | Identical | | Observable | | Unobservable | | | Carrying | | Assets | | Inputs | | Inputs | | | Amount | | (Level 1) | | (Level 2) | | (Level 3) | | | | (In thousands) | December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | Financial assets | | | | | | | | | | | | | Cash and cash equivalents | | $ | 46,528 | | $ | 46,528 | | $ | — | | $ | — | Loans, net of allowance | | | 487,298 | | | — | | | — | | | 473,747 | Federal Home Loan Bank stock | | | 4,030 | | | — | | | 4,030 | | | — | Accrued interest receivable | | | 3,982 | | | — | | | 3,982 | | | — | | | | | | | | | | | | | | Financial liabilities | | | | | | | | | | | | | Deposits | | | 641,366 | | $ | — | | $ | 642,416 | | $ | — | Short term borrowings | | | 29,403 | | | — | | | 29,403 | | | — | Subordinated debentures | | | 75,000 | | | — | | | 75,464 | | | — | Advance Federal Home Loan Bank | | | 23,909 | | | — | | | 23,393 | | | — | Accrued interest payable | | | 612 | | | — | | | 612 | | | — |
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