| Schedule of Available for Sale Securities Measured at Fair Value on a Recurring Basis |
The following tables present the balances measured at fair value on a recurring basis at the dates indicated (dollars in thousands):
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|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at June 30, 2026 Using: |
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|
|
|
|
|
Quoted Prices
in Active
Markets for
Identical Assets |
|
|
Significant
Other
Observable
Inputs |
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|
Significant
Unobservable
Inputs |
|
Description |
|
Balance |
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(Level 1) |
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|
(Level 2) |
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(Level 3) |
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Assets: |
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|
|
|
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|
|
|
|
U.S. Government agencies |
|
$ |
30,857 |
|
|
$ |
- |
|
|
$ |
30,857 |
|
|
$ |
- |
|
Mortgage-backed/CMOs |
|
|
113,732 |
|
|
|
- |
|
|
|
113,732 |
|
|
|
- |
|
Corporate bonds |
|
|
5,958 |
|
|
|
- |
|
|
|
5,958 |
|
|
|
- |
|
Municipal bonds |
|
|
84,223 |
|
|
|
- |
|
|
|
84,223 |
|
|
|
- |
|
Total securities AFS |
|
$ |
234,770 |
|
|
$ |
- |
|
|
$ |
234,770 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements at December 31, 2025 Using: |
|
|
|
|
|
|
Quoted Prices
in Active
Markets for
Identical Assets |
|
|
Significant
Other
Observable
Inputs |
|
|
Significant
Unobservable
Inputs |
|
Description |
|
Balance |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
Assets: |
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|
|
|
|
|
|
|
|
|
|
U.S. Government agencies |
|
$ |
31,263 |
|
|
$ |
- |
|
|
$ |
31,263 |
|
|
$ |
- |
|
Mortgage-backed/CMOs |
|
|
123,505 |
|
|
|
- |
|
|
|
123,505 |
|
|
|
- |
|
Corporate bonds |
|
|
7,899 |
|
|
|
- |
|
|
|
7,899 |
|
|
|
- |
|
Municipal bonds |
|
|
85,325 |
|
|
|
- |
|
|
|
85,325 |
|
|
|
- |
|
Total securities AFS |
|
$ |
247,992 |
|
|
$ |
- |
|
|
$ |
247,992 |
|
|
$ |
- |
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|
| Schedule of the Carrying Values and Estimated Fair Values of the Bank's Financial Instruments |
The carrying values and estimated fair values of the Company's financial instruments at the dates indicated are as follows (dollars in thousands):
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|
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|
|
|
|
|
|
|
|
Fair Value Measurements at June 30, 2026 Using: |
|
|
|
|
|
|
Quoted Prices in Active Markets for Identical Assets |
|
|
Significant Other Observable Inputs |
|
|
Significant Unobservable Inputs |
|
|
|
|
|
|
Carrying value |
|
|
Level 1 |
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|
Level 2 |
|
|
Level 3 |
|
|
Fair Value |
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalent |
|
$ |
77,347 |
|
|
$ |
77,347 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
77,347 |
|
Available for sale securities |
|
|
234,770 |
|
|
|
- |
|
|
|
234,770 |
|
|
|
- |
|
|
|
234,770 |
|
Restricted securities |
|
|
6,195 |
|
|
|
- |
|
|
|
6,195 |
|
|
|
- |
|
|
|
6,195 |
|
Loans, net |
|
|
1,225,856 |
|
|
|
- |
|
|
|
- |
|
|
|
1,200,251 |
|
|
|
1,200,251 |
|
Bank owned life insurance |
|
|
41,953 |
|
|
|
- |
|
|
|
41,953 |
|
|
|
- |
|
|
|
41,953 |
|
Accrued interest receivable |
|
|
5,870 |
|
|
|
- |
|
|
|
1,313 |
|
|
|
4,557 |
|
|
|
5,870 |
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|
|
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|
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Liabilities |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand deposits and interest-bearing transaction and money market accounts |
|
$ |
1,128,374 |
|
|
$ |
- |
|
|
$ |
1,128,374 |
|
|
$ |
- |
|
|
$ |
1,128,374 |
|
Certificates of deposit |
|
|
280,822 |
|
|
|
- |
|
|
|
280,494 |
|
|
|
- |
|
|
|
280,494 |
|
Borrowings |
|
|
20,000 |
|
|
|
- |
|
|
|
20,111 |
|
|
|
- |
|
|
|
20,111 |
|
Junior subordinated debt, net |
|
|
3,578 |
|
|
|
- |
|
|
|
3,578 |
|
|
|
- |
|
|
|
3,578 |
|
Accrued interest payable |
|
|
1,457 |
|
|
|
- |
|
|
|
1,457 |
|
|
|
- |
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|
|
1,457 |
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|
|
Fair Value Measurements at December 31, 2025 Using: |
|
|
|
|
|
|
Quoted Prices in Active Markets for Identical Assets |
|
|
Significant Other Observable Inputs |
|
|
Significant Unobservable Inputs |
|
|
|
|
|
|
Carrying value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Fair Value |
|
Assets |
|
|
|
|
|
|
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|
|
|
|
|
|
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|
Cash and cash equivalent |
|
$ |
70,614 |
|
|
$ |
70,614 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
70,614 |
|
Available for sale securities |
|
|
247,992 |
|
|
|
- |
|
|
|
247,992 |
|
|
|
- |
|
|
|
247,992 |
|
Restricted securities |
|
|
6,172 |
|
|
|
- |
|
|
|
6,172 |
|
|
|
- |
|
|
|
6,172 |
|
Loans, net |
|
|
1,229,307 |
|
|
|
- |
|
|
|
- |
|
|
|
1,202,216 |
|
|
|
1,202,216 |
|
Bank owned life insurance |
|
|
41,302 |
|
|
|
- |
|
|
|
41,302 |
|
|
|
- |
|
|
|
41,302 |
|
Accrued interest receivable |
|
|
6,213 |
|
|
|
- |
|
|
|
1,371 |
|
|
|
4,842 |
|
|
|
6,213 |
|
|
|
|
|
|
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|
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|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand deposits and interest-bearing transaction and money market accounts |
|
$ |
1,140,432 |
|
|
$ |
- |
|
|
$ |
1,140,432 |
|
|
$ |
- |
|
|
$ |
1,140,432 |
|
Certificates of deposit |
|
|
291,299 |
|
|
|
- |
|
|
|
291,499 |
|
|
|
- |
|
|
|
291,499 |
|
Borrowings |
|
|
20,000 |
|
|
|
- |
|
|
|
19,954 |
|
|
|
- |
|
|
|
19,954 |
|
Junior subordinated debt, net |
|
|
3,554 |
|
|
|
- |
|
|
|
3,554 |
|
|
|
- |
|
|
|
3,554 |
|
Accrued interest payable |
|
|
1,431 |
|
|
|
- |
|
|
|
1,431 |
|
|
|
- |
|
|
|
1,431 |
|
|