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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables present the fair value measurements of assets recognized in the Condensed Consolidated Balance Sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2025 and December 31, 2024:
Fair Value Measurements Using
Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
September 30, 2025
Available for sale securities
U.S. Treasury securities$794 $794 $— $— 
SBA Pools3,199 — 3,199 — 
Federal agencies13,935 — 13,935 — 
State and municipal obligations128,697 — 127,372 1,325 
Mortgage-backed securities - GSE residential94,180 — 94,180 — 
Corporate obligations9,644 — 9,644 — 
$250,449 $794 $248,330 $1,325 

Fair Value Measurements Using
Fair
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
December 31, 2024
Available for sale securities
U.S. Treasury securities$3,161 $3,161 $— $— 
SBA Pools3,700 — 3,700 — 
Federal agencies13,334 — 13,334 — 
State and municipal obligations130,359 — 130,359 — 
Mortgage-backed securities - GSE residential98,313 — 98,313 — 
Corporate obligations9,325 — 9,325 — 
$258,192 $3,161 $255,031 $— 
Schedule of Fair Value of Financial Instruments
The following tables present estimated fair values of the Company’s financial instruments at September 30, 2025 and December 31, 2024:
Fair Value Measurements Using
Carrying
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
September 30, 2025
Financial assets
Cash and cash equivalents$34,265 $34,265 $— $— 
Available for sale securities250,449 794 248,330 1,325 
Held to maturity securities2,772 — 2,724 — 
Loans held for sale1,441 — — 1,441 
Loans and leases receivable, net1,178,232 — — 1,145,219 
FHLB stock13,907 — 13,907 — 
Interest receivable5,832 — 5,832 — 
Financial liabilities
Deposits1,118,258 — 1,120,561 — 
FHLB advances254,000 — 254,734 — 
Interest payable2,914 — 2,914 — 
Fair Value Measurements Using
Carrying
Value
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
December 31, 2024
Financial assets
Cash and cash equivalents$21,757 $21,757 $— $— 
Interest-earning time deposits300300
Available for sale securities258,192 3,161 255,031 — 
Held to maturity securities3,498 — 3,421 — 
Loans held for sale1,093 — — 1,093 
Loans and leases receivable, net1,158,879 — — 1,099,274 
FHLB stock13,907 — 13,907 — 
Interest receivable6,030 — 6,030 — 
Financial liabilities
Deposits1,093,940 — 1,095,961 — 
FHLB advances265,000 — 264,162 — 
Interest payable4,832 — 4,832 —