| Schedule of assets measured at fair value on a recurring basis |
The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of June 30, 2026 and December 31, 2025, were as follows (in thousands): | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | Total | | Level 1 | | Level 2 | | Level 3 | June 30, 2026: | | | | | | | | | | | | | U.S. Treasuries | | $ | 159,732 | | $ | — | | $ | 159,732 | | $ | — | Mortgage-backed securities | | | 38,143 | | | — | | | 38,143 | | | — | Collateralized mortgage obligations | | | 50,610 | | | — | | | 50,610 | | | — | States and political subdivisions | | | 83,940 | | | — | | | 83,940 | | | — | Total | | $ | 332,425 | | $ | — | | $ | 332,425 | | $ | — | | | | | | | | | | | | | | December 31, 2025: | | | | | | | | | | | | | U.S. Treasuries | | $ | 115,530 | | $ | — | | $ | 115,530 | | $ | — | Mortgage-backed securities | | | 39,832 | | | — | | | 39,832 | | | — | Collateralized mortgage obligations | | | 57,829 | | | — | | | 57,829 | | | — | States and political subdivisions | | | 84,925 | | | — | | | 84,925 | | | — | Total | | $ | 298,116 | | $ | — | | $ | 298,116 | | $ | — |
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| Collateral dependent loans, measured at fair value on a non-recurring basis |
Collateral dependent loans, which are measured at fair value on a non-recurring basis, by level within the fair value hierarchy as of June 30, 2026 and December 31, 2025 were as follows (in thousands): | | | | | | | | | | | | | | | | | | Fair Value Measurements Using | | | | Total | | Level 1 | | Level 2 | | Level 3 | | June 30, 2026 | | $ | — | | $ | — | | $ | — | | $ | — | | December 31, 2025 | | $ | — | | $ | — | | $ | — | | $ | — | |
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| Schedule of carrying value and estimated fair value of financial instruments |
The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at June 30, 2026 and December 31, 2025 are as follows (in thousands): | | | | | | | | | | | | | | | | | | Carrying | | Fair Value Measurements Using | | | | | Amount | | Level 1 | | Level 2 | | Level 3 | | Total | June 30, 2026: | | | | | | | | | | | | | | | | Financial Assets: | | | | | | | | | | | | | | | | Cash and due from banks | | $ | 24,054 | | $ | 24,054 | | $ | — | | $ | — | | $ | 24,054 | Available for sale securities | | | 332,425 | | | — | | | 332,425 | | | — | | | 332,425 | Held to maturity securities, net | | | 81,982 | | | — | | | 73,470 | | | — | | | 73,470 | Loans, net | | | 274,062 | | | — | | | — | | | 272,855 | | | 272,855 | Financial Liabilities: | | | | | | | | | | | | | | | | Deposits: | | | | | | | | | | | | | | | | Non-interest bearing | | | 177,059 | | | 177,059 | | | — | | | — | | | 177,059 | Interest bearing | | | 396,373 | | | — | | | — | | | 359,173 | | | 359,173 | Time deposits | | | 36,345 | | | — | | | — | | | 35,829 | | | 35,829 | Borrowings Federal Home Loan Bank | | | 38,500 | | | — | | | 38,500 | | | — | | | 38,500 |
| | | | | | | | | | | | | | | | | | Carrying | | Fair Value Measurements Using | | | | | Amount | | Level 1 | | Level 2 | | Level 3 | | Total | December 31, 2025: | | | | | | | | | | | | | | | | Financial Assets: | | | | | | | | | | | | | | | | Cash and due from banks | | $ | 19,581 | | $ | 19,581 | | $ | — | | $ | — | | $ | 19,581 | Available for sale securities | | | 298,116 | | | — | | | 298,116 | | | — | | | 298,116 | Held to maturity securities, net | | | 91,052 | | | — | | | 82,435 | | | — | | | 82,435 | Loans, net | | | 260,767 | | | — | | | — | | | 259,500 | | | 259,500 | Financial Liabilities: | | | | | | | | | | | | | | | | Deposits: | | | | | | | | | | | | | | | | Non-interest bearing | | | 172,909 | | | 172,909 | | | — | | | — | | | 172,909 | Interest bearing | | | 393,934 | | | — | | | — | | | 358,151 | | | 358,151 | Time deposits | | | 37,586 | | | — | | | — | | | 37,128 | | | 37,128 | Borrowings from Federal Home Loan Bank | | | 800 | | | — | | | 800 | | | — | | | 800 |
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