| Fair Value, by Balance Sheet Grouping |
The Company’s estimated fair values of financial instruments are presented in the following table.
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June 30, 2026 |
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December 31, 2025 |
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Fair value |
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Carrying |
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Fair |
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Carrying |
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Fair |
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(dollars in thousands) |
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hierarchy |
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amount |
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value |
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amount |
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value |
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Financial assets |
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Cash and cash equivalents |
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Level 1 |
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$ |
68,902 |
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$ |
68,902 |
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$ |
55,705 |
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$ |
55,705 |
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Equity investment |
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Level 1 |
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405 |
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405 |
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404 |
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404 |
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Securities held to maturity |
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Level 2 |
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5,647 |
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5,083 |
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5,736 |
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5,102 |
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Securities available for sale |
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Level 2 |
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32,218 |
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32,218 |
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33,226 |
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33,226 |
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Federal Home Loan Bank of Atlanta stock |
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Level 2 |
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661 |
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661 |
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2,324 |
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2,324 |
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Loans receivable |
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Level 3 |
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704,411 |
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699,143 |
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748,484 |
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747,337 |
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Accrued interest receivable |
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Level 2 |
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3,020 |
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3,020 |
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3,149 |
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3,149 |
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Financial liabilities |
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Deposits with maturities |
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Level 3 |
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$ |
209,347 |
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$ |
208,159 |
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$ |
204,152 |
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$ |
204,873 |
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FHLB Borrowings |
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Level 2 |
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— |
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— |
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35,000 |
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35,000 |
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Accrued interest payable |
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Level 2 |
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|
641 |
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|
641 |
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|
432 |
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|
432 |
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