| Schedule of fair values of assets and liabilities measured on a recurring and nonrecurring basis |
Fair values of assets and liabilities measured on a recurring basis at June 30, 2026 and December 31, 2025 follows: | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | (Dollars in thousands) | | Fair Value | | Level 1 | | Level 2 | | Level 3 | June 30, 2026 | | | | | | | | | | | | | Securities available-for-sale: | | | | | | | | | | | | | Mortgage-backed securities | | $ | 44,654 | | $ | - | | $ | 44,654 | | $ | - | Municipal obligations | | | 1,564 | | | - | | | 1,564 | | | - | Total | | $ | 46,218 | | $ | - | | $ | 46,218 | | $ | - | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | Securities available-for-sale: | | | | | | | | | | | | | Mortgage-backed securities | | $ | 48,888 | | $ | - | | $ | 48,888 | | $ | - | Municipal obligations | | | 1,579 | | | - | | | 1,579 | | | - | Total | | $ | 50,467 | | $ | - | | $ | 50,467 | | $ | - |
Fair values of assets and liabilities measured on a nonrecurring basis at June 30, 2026 and December 31, 2025 follows: | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | (Dollars in thousands) | | Fair Value | | Level 1 | | Level 2 | | Level 3 | June 30, 2026 | | | | | | | | | | | | | Loans individually evaluated for credit losses | | $ | 100 | | $ | - | | $ | - | | $ | 100 | Foreclosed assets | | | 5 | | | - | | | - | | | 5 | Total | | $ | 105 | | $ | - | | $ | - | | $ | 105 | December 31, 2025 | | | | | | | | | | | | | Loans individually evaluated for credit losses | | $ | 100 | | $ | - | | $ | - | | $ | 100 | Foreclosed assets | | | 34 | | | - | | | - | | | 34 | Total | | $ | 134 | | $ | - | | $ | - | | $ | 134 |
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| Schedule of estimated fair values of the financial instruments |
| | | | | | | | | | | | | | | | | | June 30, 2026 | (Dollars in thousands) | | Carrying Amount | | Fair Value | | Level 1 | | Level 2 | | Level 3 | Financial Assets: | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 36,982 | | $ | 36,982 | | $ | 36,982 | | $ | - | | $ | - | Investment securities: | | | | | | | | | | | | | | | | Available-for-sale | | | 46,218 | | | 46,218 | | | - | | | 46,218 | | | - | Held-to-maturity | | | 20,844 | | | 19,318 | | | - | | | 19,318 | | | - | Loans receivable, net | | | 160,600 | | | 158,360 | | | - | | | - | | | 158,360 | Bank-owned life insurance | | | 15,252 | | | 15,252 | | | - | | | 15,252 | | | - | Financial Liabilities: | | | | | | | | | | | | | | | | Deposits | | | 196,389 | | | 195,883 | | | 141,647 | | | 54,236 | | | - | Borrowings | | | 9,786 | | | 9,563 | | | - | | | 9,563 | | | - |
| | | | | | | | | | | | | | | | | | December 31, 2025 | (Dollars in thousands) | | Carrying Amount | | Fair Value | | Level 1 | | Level 2 | | Level 3 | Financial Assets: | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 25,205 | | $ | 25,205 | | $ | 25,205 | | $ | - | | $ | - | Investment securities: | | | | | | | | | | | | | | | | Available-for-sale | | | 50,467 | | | 50,467 | | | - | | | 50,467 | | | - | Held-to-maturity | | | 14,917 | | | 13,567 | | | - | | | 13,567 | | | - | Loans receivable, net | | | 167,843 | | | 168,189 | | | - | | | - | | | 168,189 | Bank-owned life insurance | | | 14,983 | | | 14,983 | | | - | | | 14,983 | | | - | Financial Liabilities: | | | | | | | | | | | | | | | | Deposits | | | 185,274 | | | 184,972 | | | 126,908 | | | 58,064 | | | - | Borrowings | | | 14,732 | | | 14,566 | | | - | | | 14,566 | | | - |
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