Disclosures About Fair Value of Assets (Tables)

3 Months Ended

Mar. 31, 2025

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)
March 31, 2025:
Available-for Sale debt securities:
U.S. Government and federal agencies	$	7,607	$	1,096	$	6,511	$	—
Mortgage-backed: GSE - residential		41,475		—		41,475		—
State and political Subdivision		19,685		—		19,685		—
Total Available-For-sale debt securities	$	68,767	$	1,096	$	67,671	$	—
Equity securities:
FHLMC stock	$	262	$	262	$	—	$	—
Community Development Corp. Stock		62		—		62		—
Mortgage servicing rights		254		—		254		—
Total	$	69,345	$	1,358	$	67,987	$	—
December 31, 2024:
Available-for Sale debt securities:
U.S. Government and federal agency	$	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	$	—

Schedule of carrying value and estimated fair value of financial instruments

March 31, 2025
	Carrying Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	18,795	$	18,795	$	—	$	—
Available-for-sale debt securities		68,767		1,096		67,671		—
Held-to-maturity debt securities		7,922		—		7,895		—
Equity securities		324		262		62		—
Loans		99,576		—		—		94,385
Interest receivable		712		712		—		—
Federal Home Loan Bank Stock		347		—		—		347
Cash surrender value of bank-owned life insurance		4,005		—		—		4,005
Financial liabilities:
Deposits		166,104		—		—		149,967
Interest payable		11		11		—		—

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		—		—

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)
March 31, 2025:
Individually analyzed loans (collateral dependent)	$	—	$	—	$	—	$	—
December 31, 2024:
Individually analyzed loans (collateral dependent)	$	—	$	—	$	—	$	—