FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2026

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS

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

(In thousands)	Total		Level 1		Level 2		Level 3
Available-for-sale Securities:
March 31, 2026:
U.S. Treasury securities	$	11,740	$	—	$	11,740	$	—
U.S. Government Agency securities		893		—		893		—
Municipal securities		13,366		—		13,218		148
Mortgage-backed securities and collateralized mortgage obligations		10,001		—		10,001		—
Corporate securities		7,031		—		7,031		—
	$	43,031	$	—	$	42,883	$	148
December 31, 2025:
U.S. Treasury securities	$	14,795	$	—	$	14,795	$	—
U.S. Government Agency securities		900		—		900		—
Municipal securities		13,527		—		13,379		148
Mortgage-backed securities and collateralized mortgage obligations		10,915		—		10,915		—
Corporate securities		8,498		—		8,498		—
	$	48,635	$	—	$	48,487	$	148

Schedule of reconciliation of assets measured at fair value on a recurring basis

	Municipal Securities
(In thousands)	2026		2025
Balance of recurring Level 3 assets at January 1	$	148	$	—
Transfers into Level 3		—		—
Balance of recurring Level 3 assets at March 31	$	148	$	—

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

	Carrying								Fair
(In thousands)	Amount		Level 1		Level 2		Level 3		Value
March 31, 2026:
Financial assets:
Cash and cash equivalents	$	7,206	$	7,206	$	—	$	—	$	7,206
Securities available-for-sale, net of allowance for credit losses of $518		43,031		—		42,883		148		43,031
Federal Home Loan Bank of New York stock, at cost		3,254		—		3,254		—		3,254
Federal Reserve Bank stock, at cost		270		—		270		—		270
Loans, net of allowance for credit losses of $2,001		233,334		—		—		222,957		222,957
Accrued interest receivable		1,603		1,603		—		—		1,603
Financial liabilities:
Deposits		240,853		86,246		144,293		—		230,539
Federal Home Loan Bank advances		34,567		—		35,987		—		35,987
Accrued interest payable		115		115		—		—		115
Advances from borrowers for taxes and insurance		1,938		1,938		—		—		1,938
December 31, 2025:
Financial assets:
Cash and cash equivalents	$	5,328	$	5,328	$	—	$	—	$	5,328
Securities available-for-sale, net of allowance for credit losses of $518		48,635		—		48,487		148		48,635
Federal Home Loan Bank of New York stock, at cost		3,272		—		3,272		—		3,272
Federal Reserve Bank stock, at cost		131		—		131		—		131
Loans, net of allowance for credit losses of $1,915		226,030		—		—		213,685		213,685
Accrued interest receivable		1,479		1,479		—		—		1,479
Financial liabilities:
Deposits		234,426		85,684		140,079		—		225,763
Federal Home Loan Bank advances		35,567		—		36,987		—		36,987
Accrued interest payable		120		120		—		—		120
Advances from borrowers for taxes and insurance		2,389		2,389		—		—		2,389

Schedule of assets measured at fair value on a nonrecurring basis

(In thousands)	Total		Level 1		Level 2		Level 3
March 31, 2026:
Collateral-dependent loans	$	2,413	$	—	$	—	$	2,413
	$	2,413	$	—	$	—	$	2,413
December 31, 2025:
Collateral-dependent loans	$	2,259	$	—	$	—	$	2,259
	$	2,259	$	—	$	—	$	2,259

Schedule of quantitative information about assets measured at fair value on a nonrecurring basis

	Quantitative Information about Level 3 Fair Value Measurements
			Adjustment
	Valuation	Unobservable		(Weighted-
	Techniques	Input	Range	average)
Collateral-dependent loans	Lower of appraisal	Appraisal	10%-50%	(26%) 2026
	of collateral or	adjustments	10%-55%	(26%) 2025
	asking price less
	selling costs
		Selling costs	7%-15%	(10%) 2026
			7%-14%	(10%) 2025