Financial Instruments

3 Months Ended

Mar. 31, 2025

Investments, All Other Investments [Abstract]

Financial Instruments

(7) Financial Instruments. The estimated fair values and fair value measurement method with respect to the Company’s financial instruments were as follows (Dollars in thousands):

	At March 31, 2025						At December 31, 2024
	Carrying Amount		Fair Value		Level		Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	143,456	$	143,456		1	$	93,630	$	93,630		1
Debt securities available for sale		23,043		23,043		2		22,773		22,773		2
Debt securities held-to-maturity		269		241		2		281		247		2
Loans		791,232		777,392		3		794,985		766,871		3
Federal Home Loan Bank stock		1,128		1,128		3		2,929		2,929		3
Accrued interest receivable		3,287		3,287		3		3,348		3,348		3
Financial liabilities:
Deposit liabilities		852,934		839,469		3		772,195		769,561		3
Federal Home Loan Bank advances		10,000		10,000		3		50,000		49,815		3

(continued)

OPTIMUMBANK HOLDINGS, INC. AND SUBSIDIARY

Notes to Condensed Consolidated Financial Statements (Unaudited)