Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

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 recognized or recorded at fair value or not as of the dates indicated (in thousands):

	March 31, 2025				Fair Value Measurements Using:
	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
FINANCIAL ASSETS:
Cash and cash equivalents	$	131,494	$	131,494	$	131,494	$	—	$	—
Available-for-sale securities	7,689		7,689		—		7,689		—
Held-to-maturity securities	2,121		1,711		—		1,711		—
Loans held-for-sale	2,267		2,267		—		2,267		—
Loans held-for-portfolio, net	877,833		840,425		—		—		840,425
Mortgage servicing rights	4,688		4,688		—		—		4,688
FINANCIAL LIABILITIES:
Time deposits	289,474		290,245		—		290,245		—
Borrowings	25,000		25,000		—		25,000		—
Subordinated notes	11,770		12,310		—		12,310		—

	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	$	—	$	—
Available-for-sale securities	7,790		7,790		—		7,790		—
Held-to-maturity 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
Mortgage servicing rights	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		—

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 as of the dates indicated (in thousands):

	Fair Value at March 31, 2025
Description	Total		Level 1		Level 2		Level 3
Municipal bonds	$	5,341	$	—	$	5,341	$	—
Agency mortgage-backed securities	2,348		—		2,348		—
Mortgage servicing rights	4,688		—		—		4,688

	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		—
Mortgage servicing rights	4,769		—		—		4,769

Schedule of Valuation Technique, Unobservable Input, and Qualitative Information

The following tables provide 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 as of the dates indicated:

March 31, 2025
Financial Instrument	Valuation Technique	Unobservable Input(s)	Range (Weighted-Average)
Mortgage Servicing Rights	Discounted cash flow	Prepayment speed assumption		125%-364% (125%)
		Discount rate		10.0%-10.3% (10%)

December 31, 2024
Financial Instrument	Valuation Technique	Unobservable Input(s)	Range (Weighted-Average)
Mortgage Servicing Rights	Discounted cash flow	Prepayment speed assumption		125%-556% (125%)
		Discount rate		(10%)

Schedule of Fair value of Assets Measured on Nonrecurring Basis

The following tables present the balance of assets measured at fair value on a nonrecurring basis at the dates indicated (in thousands):

	Fair Value at March 31, 2025
	Total		Level 1		Level 2		Level 3
OREO and repossessed assets	$	41	$	—	$	—	$	41
Collateral dependent loans	9,789		—		—		9,789

	Fair Value at December 31, 2024
	Total	Level 1	Level 2	Level 3
Collateral dependent loans	7,627	—	—	7,627