Fair Value (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Non-financial Instruments Measured at Fair Value on Non-recurring Basis

The following tables present the balances of non-financial instruments measured at fair value on a non-recurring basis:

	June 30, 2024				Quoted Prices in Active Markets for Identical		Significant Other Observable		Significant Unobservable
	Carrying		Estimated		Assets		Inputs		Inputs
	Amount		Fair Value		Level 1		Level 2		Level 3
Foreclosed assets, net	$	2,455	$	2,455	$	–	$	–	$	2,455
Impaired loans, net		4,650		4,650		–		–		4,650
Total	$	7,105	$	7,105	$	–	$	–	$	7,105

	December 31, 2023				Quoted Prices in Active Markets for Identical		Significant Other Observable		Significant Unobservable
	Carrying		Estimated		Assets		Inputs		Inputs
	Amount		Fair Value		Level 1		Level 2		Level 3
Foreclosed assets, net	$	130	$	130	$	–	$	–	$	130
Impaired loans, net		82		82		–		–		82
Other impaired loans, net		5,393		5,393		–		–		5,393
Total	$	5,605	$	5,605	$	–	$	–	$	5,605

Schedule of Fair Value Estimates for Financial Instruments

The table below is a summary of fair value estimates for financial instruments:

	June 30, 2024				December 31, 2023
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value
Financial Assets
Cash and cash equivalents	$	2,502	$	2,502	$	3,522	$	3,522
Loan receivable, net		50,639		50,639		58,130		58,130
Accrued interest on loans receivables, net		929		929		1,171		1,171
Financial Liabilities
Customer interest escrow		297		297		292		292
Notes payable secured, net		24,725		24,725		21,519		21,519
Notes payable unsecured, net		33,885		33,885		31,786		31,786
Accrued interest payable		4,165		4,165		3,861		3,861