Disclosures About Fair Value of Assets (Tables)

12 Months Ended

Dec. 31, 2024

Disclosures About Fair Value of Assets

Schedule of fair value measurements of assets recognized

			Fair Value Measurements Using
			Quoted Prices
			in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2024:
Available-for Sale debt securities:
U.S. Government and federal agencies	$	7,967	$	1,626	$	6,341	$	—
Mortgage-backed: GSE - residential		38,858		—		38,858		—
State and political Subdivision		19,833		—		19,833		—
Total Available-For-sale debt securities	$	66,658	$	1,626	$	65,032	$	—
Equity securities:
FHLMC stock	$	263	$	263	$	—	$	—
Community Development Corp. Stock		62		—		62		—
Mortgage servicing rights		254		—		254		—
Total	$	67,237	$	1,889	$	65,348	$	—
December 31, 2023:
Available-for Sale debt securities:
U.S. Government and federal agency	$	7,819	$	1,562	$	6,257	$	—
Mortgage-backed: GSE - residential		34,518		—		34,518		—
State and political subdivision		21,176		—		21,176		—
Total Available-for-sale debt securities	$	63,513	$	1,562	$	61,951	$	—
Equity securities:
FHLMC Stock	$	65	$	65	$	—	$	—
Community Development Corp. Stock		50				50
Mortgage servicing rights		300		—		300		—
Total	$	63,928	$	1,627	$	62,301	$	—

Schedule of carrying value and estimated fair value of financial instruments

December 31, 2024
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	16,256	$	16,256	$	—	$	—
Available-for-sale debt securities		66,658		1,626		65,032		—
Held-to-maturity debt securities		8,168		—		8,140		—
Equity securities		325		263		62		—
Loans		96,274		—		—		90,996
Interest receivable		733		733		—		—
Federal Home Loan Bank Stock		347		—		—		347
Cash surrender value of bank-owned life insurance		3,979		—		—		3,979
Financial liabilities:
Deposits		159,587		—		—		143,604
Interest payable		7		7		—		—

December 31, 2023
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	20,202	$	20,202	$	—	$	—
Available-for-sale debt securities		63,513		1,562		61,951		—
Held-to-maturity debt securities		8,947		—		8,856		—
Equity securities		115		65		50		—
Loans		90,715		—		—		83,792
Interest receivable		689		689		—		—
Federal Home Loan Bank Stock		347		—		—		347
Cash surrender value of bank-owned life insurance		3,877		—		—		3,877
Financial liabilities:
Deposits		156,161		—		—		148,263
Interest payable		2		2		—		—

Schedule of fair value measurement of assets measured at fair value on a nonrecurring basis

			Fair Value Measurements Using
			Quoted
			Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2024:
Individually analyzed loans (collateral dependent)	$	—	$	—	$	—	$	—
December 31, 2023:
Individually analyzed loans (collateral dependent)	$	—	$	—	$	—	$	—