| Schedule of Collateral Dependent Loans Remeasured and Reported at Fair Value |
The table below presents certain collateral dependent loans that were remeasured and reported at fair value through the ACL based upon the fair value of the underlying collateral as of the dates indicated:
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|
|
|
|
|
|
|
(Dollars in thousands) |
|
June 30,
2026 |
|
|
December 31,
2025 |
|
Carrying value of collateral dependent loans before allowance |
|
$ |
5,973 |
|
|
$ |
9,297 |
|
Specific allowance |
|
|
(1,002 |
) |
|
|
(1,789 |
) |
Fair value of collateral dependent loans |
|
$ |
4,971 |
|
|
$ |
7,508 |
|
|
| Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instrument |
The carrying amounts and estimated fair values of financial instrument as of June 30, 2026 and December 31, 2025, were as follows:
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|
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|
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|
|
|
|
|
Carrying |
|
|
Fair |
|
|
|
|
|
|
|
|
|
|
|
|
Amount |
|
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
June 30, 2026 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
$ |
5,932 |
|
|
$ |
5,932 |
|
|
$ |
5,932 |
|
|
$ |
— |
|
|
$ |
— |
|
Interest-bearing cash equivalents |
|
$ |
39,277 |
|
|
$ |
39,277 |
|
|
$ |
39,277 |
|
|
$ |
— |
|
|
$ |
— |
|
Securities available for sale |
|
$ |
338,035 |
|
|
$ |
338,035 |
|
|
$ |
— |
|
|
$ |
338,035 |
|
|
$ |
— |
|
Loans held for sale(1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Loans held for investment, net |
|
$ |
738,709 |
|
|
$ |
723,799 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
723,799 |
|
Derivative assets(1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Mortgage servicing rights |
|
$ |
898 |
|
|
$ |
2,013 |
|
|
$ |
— |
|
|
$ |
2,013 |
|
|
$ |
— |
|
Accrued interest receivable |
|
$ |
5,667 |
|
|
$ |
5,667 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5,667 |
|
Financial Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
810,975 |
|
|
$ |
775,373 |
|
|
$ |
— |
|
|
$ |
775,373 |
|
|
$ |
— |
|
Advances by borrowers for taxes and insurance |
|
$ |
6,587 |
|
|
$ |
6,587 |
|
|
$ |
6,587 |
|
|
$ |
— |
|
|
$ |
— |
|
Escrows payable(1) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Other borrowings |
|
$ |
111,186 |
|
|
$ |
111,164 |
|
|
$ |
— |
|
|
$ |
111,164 |
|
|
$ |
— |
|
Accrued interest payable |
|
$ |
511 |
|
|
$ |
511 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
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|
|
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|
|
|
|
|
|
|
|
|
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from banks |
|
$ |
9,872 |
|
|
$ |
9,872 |
|
|
$ |
9,872 |
|
|
$ |
— |
|
|
$ |
— |
|
Interest-bearing cash equivalents |
|
$ |
50,397 |
|
|
$ |
50,397 |
|
|
$ |
50,397 |
|
|
$ |
— |
|
|
$ |
— |
|
Securities available for sale |
|
$ |
326,346 |
|
|
$ |
326,346 |
|
|
$ |
— |
|
|
$ |
326,346 |
|
|
$ |
— |
|
Loans held for sale(1) |
|
$ |
28,504 |
|
|
$ |
28,504 |
|
|
$ |
— |
|
|
$ |
28,504 |
|
|
$ |
— |
|
Loans held for investment, net |
|
$ |
737,667 |
|
|
$ |
717,513 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
717,513 |
|
Derivative assets(1) |
|
$ |
450 |
|
|
$ |
450 |
|
|
$ |
— |
|
|
$ |
450 |
|
|
$ |
— |
|
Mortgage servicing rights |
|
$ |
904 |
|
|
$ |
1,703 |
|
|
$ |
— |
|
|
$ |
1,703 |
|
|
$ |
— |
|
Accrued interest receivable |
|
$ |
5,688 |
|
|
$ |
5,688 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5,688 |
|
Financial Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits |
|
$ |
841,403 |
|
|
$ |
794,568 |
|
|
$ |
— |
|
|
$ |
794,568 |
|
|
$ |
— |
|
Advances by borrowers for taxes and insurance |
|
$ |
6,298 |
|
|
$ |
6,298 |
|
|
$ |
6,298 |
|
|
$ |
— |
|
|
$ |
— |
|
Escrows payable(1) |
|
$ |
366 |
|
|
$ |
366 |
|
|
$ |
366 |
|
|
$ |
— |
|
|
$ |
— |
|
Other borrowings |
|
$ |
78,257 |
|
|
$ |
78,960 |
|
|
$ |
— |
|
|
$ |
78,960 |
|
|
$ |
— |
|
Accrued interest payable |
|
$ |
392 |
|
|
$ |
392 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
392 |
|
(1) Represent financial assets and liabilities classified as discontinued operations.
|