FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2026

FAIR VALUE MEASUREMENTS

Fair value on a recurring basis

June 30, 2026		Total				Level 1				Level 2				Level 3
Securities available for sale:
U.S. Treasury securities		$	14,221			$	-			$	14,221			$	-
U.S. Government agencies			40,662				-				40,662				-
Municipal securities			21,078				-				21,078				-
Mortgage-backed securities			237,608				-				237,608				-
Corporate debt securities			23,899				-				4,669				19,230
Total securities available for sale		$	337,468			$	-			$	318,238			$	19,230
Other assets:
Loans held for sale		$	2,647			$	-			$	2,647			$	-
Interest rate lock commitments (“IRLC”)			30				-				30				-
Forward sales commitments			9				-				9				-
Total other assets		$	2,686			$	-			$	2,686			$	-
Assets at Fair Value		$	340,154			$	-			$	320,924			$	19,230

December 31, 2025		Total				Level 1				Level 2				Level 3
Securities available for sale:
U.S. Treasury securities		$	14,334			$	-			$	14,334			$	-
U.S. Government agencies			55,152				-				55,152				-
Municipal securities			25,958				-				25,958				-
Mortgage-backed securities			226,311				-				226,311				-
Corporate debt securities			23,584				-				4,549				19,035
Total securities available for sale		$	345,339			$	-			$	326,304			$	19,035
Other assets:
Loans held for sale		$	3,191			$	-			$	3,191			$	-
IRLC			37				-				37				-
Forward sales commitments			20				-				20				-
Total other assets			3,248				-			$	3,248			$	-
Assets at Fair Value		$	348,587			$	-			$	329,552			$	19,035

Financial assets measured at fair value on nonrecurring basis

		June 30, 2026
						Fair Value Measurements Using:
		Balance				Level 1				Level 2				Level 3
Collateral-dependent loans, net of reserve		$	1,348			$	-			$	-			$	1,348

		December 31, 2025
						Fair Value Measurements Using:
		Balance				Level 1				Level 2				Level 3
Collateral-dependent loans, net of reserve		$	3,578			$	-			$	-			$	3,578

Summary of fair value on corporate debt securities

Fair Value at

June 30, 2026

Valuation Technique

Significant Unobservable Inputs

Discount

Collateral Dependent Loans, net of reserve

$

1,348

Discounted appraised value

Discount for selling costs and marketability

11.13-100%

Fair Value at

December 31, 2025

Valuation Technique

Significant Unobservable Inputs

Discount

Collateral Dependent Loans, net of reserve

$

3,578

Discounted appraised value

Discount for selling costs and marketability

36.17-100%

Carrying value and estimated fair value for financial instruments

		June 30, 2026
						Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total Fair Value
		Carrying Value				Level 1				Level 2				Level 3				Balance
Financial Assets
Cash and cash equivalents		$	60,754			$	60,754			$	-			$	-			$	60,754
Securities			337,468				-				318,238				19,230				337,468
Other investments			2,364				-				-				2,364				2,364
Loans held for sale			2,647				-				2,647				-				2,647
Loans held for investment, net			917,182				-				-				914,110				914,110
Interest receivable			5,497				-				5,497				-				5,497
Bank owned life insurance			24,810				-				24,810				-				24,810
IRLC			30				-				30				-				30
Forward sales commitments			9				-				9				-				9
Financial Liabilities
Noninterest-bearing demand deposits		$	294,083			$	294,083			$	-			$	-			$	294,083
Interest checking deposits			148,807				-				148,807				-				148,807
Savings deposits			619,901				-				619,901				-				619,901
Time deposits			194,659				-				193,723				-				193,723
Long-term debt			9,926				-				-				10,364				10,364
Interest payable			1,010				-				1,010				-				1,010

		December 31, 2025
						Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs				Total Fair Value
		Carrying Value				Level 1				Level 2				Level 3				Balance
Financial Assets
Cash and cash equivalents		$	68,853			$	68,853			$	-			$	-			$	68,853
Securities			345,339				-				326,304				19,035				345,339
Other investments			2,254				-				-				2,254				2,254
Loans held for sale			3,191				-				3,191				-				3,191
Loans held for investment, net			878,435				-				-				871,151				871,151
Interest receivable			5,118				-				5,118				-				5,118
Bank owned life insurance			24,395				-				24,395				-				24,395
IRLC			37				-				37				-				37
Forward sales commitments			20				-				20				-				20
Financial Liabilities
Noninterest-bearing demand deposits		$	279,398			$	279,398			$	-			$	-			$	279,398
Interest checking deposits			148,624				-				148,624				-				148,624
Savings deposits			591,777				-				591,777				-				591,777
Time deposits			225,413				-				225,156				-				225,156
Long-term debt			9,917				-				-				10,085				10,085
Interest payable			1,361				-				1,361				-				1,361