FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2025

FAIR VALUE

Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (dollars in thousands):

			Fair Value Measurements at
			December 31, 2025 Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets:
Available for sale securities:
U.S. Treasury	$	54,752	$	54,752	$	—	$	—
Mortgage-backed securities:
U.S. Government agency securities		36,704		—		36,704		—
Government-sponsored enterprises		39,783		—		39,783		—
Collateralized mortgage obligations:
U.S. Government agency securities		21,383		—		21,383		—
Government-sponsored enterprises		48,290		—		48,290		—
Municipal obligations		19,519		—		19,519		—
Total available for sale securities		220,431		54,752		165,679		—
Derivative assets (1)		7,919		—		7,919		—
Total	$	228,350	$	54,752	$	173,598	$	—
Liabilities:
Derivative liabilities (1)	$	7,919	$	—	$	7,919	$	—
Total	$	7,919	$	—	$	7,919	$	—

			Fair Value Measurements at
			December 31, 2024 Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets:
Available for sale securities:
U.S. Treasury	$	216,706	$	216,706	$	—	$	—
Mortgage-backed securities:
U.S. Government agency securities		19,328		—		19,328		—
Government-sponsored enterprises		16,889		—		16,889		—
Collateralized mortgage obligations:
U.S. Government agency securities		17,548		—		17,548		—
Government-sponsored enterprises		33,241		—		33,241		—
Municipal obligations		17,825		—		17,825		—
Total available for sale securities		321,537		216,706		104,831		—
Derivative assets (1)		13,735		—		13,735		—
Total	$	335,272	$	216,706	$	118,566	$	—
Liabilities:
Derivative liabilities (1)	$	13,735	$	—	$	13,735	$	—
Total	$	13,735	$	—	$	13,735	$	—

(1) Additional information regarding the impact of offsetting cash collateral can be found in Note 6 – Derivatives.

Schedule of assets and liabilities measured at fair value on a non-recurring basis

Assets and liabilities measured at fair value on a non-recurring basis are summarized below (dollars in thousands):

			Fair Value Measurements Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2025
Individually evaluated loans:
Commercial loans	$	721	$	—	$	—	$	721

Schedule of measurement inputs and valuation technique

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value (dollars in thousands):

					Significant		Significant Unobservable
			Valuation		Unobservable		Input Range
	Fair Value		Technique		Inputs		(Weighted Average)
December 31, 2025
Individually evaluated loans:
Commercial loans	$	721		Appraisal of collateral (1)		Liquidation expense (2)		11.0%

(1) Fair value is generally determined through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable.

(2) Estimated selling costs.

Schedule of carrying and estimated fair values of financial assets and liabilities

The carrying and estimated fair values of financial assets and liabilities as of the dates indicated were as follows (dollars in thousands):

	December 31, 2025
						Fair Value Measurements Using
								Significant
					Quoted Prices in			Other			Significant
					Active Markets for			Observable			Unobservable
	Carrying		Estimated		Identical Assets			Inputs			Inputs
	Amount		Fair Value		(Level 1)		…	(Level 2)		…	(Level 3)
Financial assets
Cash and cash equivalents	$	133,675	$	133,675	$	133,675		$	—		$	—
Securities available for sale		220,431		220,431		54,752			165,679			—
Securities held to maturity		41,521		40,175		—			40,175			—
FHLBNY and FRBNY stock		6,090		6,090		—			6,090			—
Net loans receivable		1,646,255		1,622,637		—			—			1,622,637
Accrued interest receivable		8,889		8,889		—			8,889			—
Derivative assets (1)		7,919		7,919		—			7,919			—
Financial liabilities
Deposits
Savings, money market, and demand accounts	$	1,469,717	$	1,469,717	$	—		$	1,469,717		$	—
Time deposits		269,461		268,924		—			268,924			—
Mortgagors’ escrow deposits		9,129		9,129		—			9,129			—
FHLB advances		50,000		49,995		—			49,995			—
Derivative liabilities (1)		7,919		7,919		—			7,919			—

	December 31, 2024
						Fair Value Measurements Using
								Significant
					Quoted Prices in			Other			Significant
					Active Markets for			Observable			Unobservable
	Carrying		Estimated		Identical Assets			Inputs			Inputs
	Amount		Fair Value		(Level 1)		…	(Level 2)		…	(Level 3)
Financial assets
Cash and cash equivalents	$	96,521	$	96,521	$	96,521		$	—		$	—
Securities available for sale		321,537		321,537		216,706			104,831			—
Securities held to maturity		25,400		22,457		—			22,457			—
FHLBNY and FRBNY stock		5,283		5,283		—			5,283			—
Net loans receivable		1,434,575		1,373,719		—			—			1,373,719
Accrued interest receivable		7,937		7,937		—			7,937			—
Derivative assets (1)		13,735		13,735		—			13,735			—
Financial liabilities
Deposits
Savings, money market, and demand accounts	$	1,411,385	$	1,411,385	$	—		$	1,411,385		$	—
Time deposits		174,798		173,881		—			173,881			—
Mortgagors’ escrow deposits		8,097		8,097		—			8,097			—
FHLB advances		40,000		39,995		—			39,995			—
Derivative liabilities (1)		13,735		13,735		—			13,735			—

(1) Additional information regarding the impact of offsetting cash collateral can be found in Note 6 – Derivatives.