Fair Value Measurements

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

(6) Fair Value Measurements.

Debt securities available for sale measured at fair value on a recurring basis are summarized below (in thousands):

			Fair Value Measurements Using
			Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
At September 30, 2024:
SBA Pool Securities	$	598	$	—	$	598		—
Collateralized mortgage obligations		117		—		117		—
Taxable municipal securities		12,785		—		12,785		—
Mortgage-backed securities		10,995		—		10,995		—
Total	$	24,495		—	$	24,495		—
At December 31, 2023:
SBA Pool Securities	$	690	$	—	$	690		—
Collateralized mortgage obligations		123		—		123		—
Taxable municipal securities		12,210		—		12,210		—
Mortgage-backed securities		11,332		—		11,332		—
Total	$	24,355		—	$	24,355		—

(continued)

OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY

Notes to Condensed Consolidated Financial Statements (Unaudited)