Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy for Financial Instruments

The following tables present information about the level in the fair value hierarchy for the Company’s financial assets and liabilities, whether or not recognized or recorded at fair value, as of December 31, 2024 and 2023 (in thousands):

	December 31, 2024				Fair Value Measurements Using:
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
FINANCIAL ASSETS:
Cash and cash equivalents	$	43,641	$	43,641	$	43,641	$	—	$	—
AFS securities	7,790		7,790		—		7,790		—
HTM securities	2,130		1,712		—		1,712		—
Loans held-for-sale	487		487		—		487		—
Loans held-for-portfolio, net	891,672		850,813		—		—		850,813
MSRs	4,769		4,769		—		—		4,769
FINANCIAL LIABILITIES:
Time deposits	295,822		296,575		—		296,575		—
Borrowings	25,000		25,000		—		25,000		—
Subordinated notes	11,759		12,653		—		12,653		—

	December 31, 2023				Fair Value Measurements Using:
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
FINANCIAL ASSETS:
Cash and cash equivalents	$	49,690	$	49,690	$	49,690	$	—	$	—
AFS securities	8,287		8,287		—		8,287		—
HTM securities	2,166		1,787		—		1,787		—
Loans held-for-sale	603		603		—		603		—
Loans held-for-portfolio, net	885,718		837,579		—		—		837,579
MSRs	4,632		4,632		—		—		4,632
FINANCIAL LIABILITIES:
Time deposits	307,962		308,604		—		308,604		—
Borrowings	40,000		40,000		—		40,000		—
Subordinated notes	11,717		9,996		—		9,996		—

Schedule of Fair value of Assets Measured on Recurring Basis

The following tables present the balance of assets measured at fair value on a recurring basis at December 31, 2024 and 2023 (in thousands):

	Fair Value at December 31, 2024
Description	Total		Level 1		Level 2		Level 3
Municipal bonds	$	5,374	$	—	$	5,374	$	—
Agency mortgage-backed securities	2,416		—		2,416		—
MSRs	4,769		—		—		4,769

	Fair Value at December 31, 2023
Description	Total		Level 1		Level 2		Level 3
Municipal bonds	$	5,528	$	—	$	5,528	$	—
Agency mortgage-backed securities	2,759		—		2,759		—
MSRs	4,632		—		—		4,632

Schedule of Quantitative Information

The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company's assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at December 31, 2024:

Financial Instrument	Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
MSRs	Discounted cash flow	Prepayment speed assumption	125%-556% (125%)
		Discount rate	10.0%

The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company's assets and liabilities classified as Level 3 and measured at fair value on a recurring basis at December 31, 2023:

Financial Instrument	Valuation Technique	Unobservable Input(s)	Range (Weighted Average)
MSRs	Discounted cash flow	Prepayment speed assumption	109%-208% (129%)
		Discount rate	10.5%-14.5% (12.5%)

Schedule of Fair Value of Assets Measured on Nonrecurring Basis

The following table presents the balance of assets measured at fair value on a nonrecurring basis (in thousands):

	Fair Value at December 31, 2024
Description	Total		Level 1		Level 2		Level 3
OREO and repossessed assets	$	—	$	—	$	—	$	—
Collateral-dependent loans	7,627		—		—		7,627

	Fair Value at December 31, 2023
Description	Total		Level 1		Level 2		Level 3
OREO and repossessed assets	$	575	$	—	$	—	$	575
Impaired loans	3,656		—		—		3,656