Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value of Financial Assets Measured on Recurring Basis


		(Level 1)		(Level 2)
		Quoted		Significant		(Level 3)
		Prices in Active		Other		Significant
		Markets for		Observable		Unobservable
Description	Identical Assets		Inputs		Inputs		Total

		(In Thousands)
U.S. Treasury securities	$	-	$	68,125	$	-	$	68,125
U.S. Government agency obligations		-		22,864		-		22,864
Municipal bonds		-		61,137		-		61,137
U.S. Government Sponsored Enterprise (GSE) -
Mortgage-backed securities - residential		-		195,762		-		195,762
June 30, 2026 Securities available for sale	$	-	$	347,888	$	-	$	347,888

U.S. Treasury securities	$	-	$	76,197	$	-	$	76,197
U.S. Government agency obligations		-		16,721		-		16,721
Municipal bonds		-		61,026		-		61,026
U.S. Government Sponsored Enterprise (GSE) -
Mortgage-backed securities - residential		-		187,986		-		187,986
December 31, 2025 Securities available for sale	$	-	$	341,930	$	-	$	341,930

Fair Value of Financial Assets Measured on Nonrecurring Basis


		(Level 1)		(Level 2)
		Quoted		Significant		(Level 3)
		Prices in Active		Other		Significant
		Markets for		Observable		Unobservable
Description	Identical Assets		Inputs		Inputs		Total
		(In Thousands)
June 30, 2026 Loans individually evaluated for credit losses	$	-	$	-	$	452	$	452
December 31, 2025 Loans individually evaluated for credit losses	$	-	$	-	$	462	$	462

Quantitative Information about Level 3 Fair Value Measurements



	Quantitative Information about Level 3 Fair Value Measurements
Description	Fair Value ‎Estimate		Valuation Techniques	Unobservable Input	Range ‎(Weighted Average)

		(Dollars In Thousands)
June 30, 2026:
Loans individually evaluated for credit losses	$	452	Appraisal of real estate collateral	Appraisal adjustments (1)	0% to -25% (-20.6%)
			and pending agreement of sale	Liquidation expenses (2)	0% to -10.0% (-7.9%)
December 31, 2025:
Loans individually evaluated for credit losses	$	462	Appraisal of real estate collateral	Appraisal adjustments (1)	0% to -25% (-20.6%)
			and pending agreement of sale	Liquidation expenses (2)	0% to -10.0% (-7.9%)

1.Appraisals may be adjusted by management for qualitative factors including economic conditions and the age of the appraisal. The range and weighted average of appraisal adjustments are presented as a percent of the appraisal.

2.Appraisals and pending agreements of sale are adjusted by management for liquidation expenses. The range and weighted average of liquidation expense adjustments are presented as a percent of the appraisal or pending agreement of sale.

Estimated Fair Value of Financial Instruments



						(Level 1)
						Quoted
						Prices in		(Level 2)
						Active		Significant		(Level 3)
						Markets for		Other		Significant
		Carrying		Fair Value		Identical		Observable		Unobservable
		Amount		Estimate		Assets		Inputs		Inputs

	(In Thousands)
June 30, 2026:
Financial assets:
Cash and cash equivalents	$	132,941	$	132,941	$	132,941	$	-	$	-
Securities available-for-sale		347,888		347,888		-		347,888		-
Loans receivable, net of allowance		1,307,876		1,213,951		-		-		1,213,951
Restricted investments in bank stock		1,126		1,126		-		1,126		-
Accrued interest receivable		4,453		4,453		-		4,453		-
Financial liabilities:
Deposits		1,693,691		1,689,722		-		1,689,722		-
Securities sold under agreements to
repurchase and federal funds purchased		7,747		7,747		-		7,747		-
Accrued interest payable		7,389		7,389		-		7,389		-
Off-balance sheet financial instruments:
Commitments to grant loans		-		-		-		-		-
Unfunded commitments under lines of credit		-		-		-		-		-
Standby letters of credit		-		-		-		-		-

December 31, 2025:
Financial assets:
Cash and cash equivalents	$	112,859	$	112,859	$	112,859	$	-	$	-
Securities available-for-sale		341,930		341,930		-		341,930		-
Loans receivable, net of allowance		1,279,201		1,194,392		-		-		1,194,392
Restricted investments in bank stock		1,051		1,051		-		1,051		-
Accrued interest receivable		4,276		4,276		-		4,276		-
Financial liabilities:
Deposits		1,640,252		1,638,830		-		1,638,830		-
Securities sold under agreements to
repurchase and federal funds purchased		9,880		9,880		-		9,880		-
Accrued interest payable		7,198		7,198		-		7,198		-
Off-balance sheet financial instruments:
Commitments to grant loans		-		-		-		-		-
Unfunded commitments under lines of credit		-		-		-		-		-
Standby letters of credit		-		-		-		-		-