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

6 Months Ended

Jun. 30, 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:
June 30, 2026:
U.S. Treasury securities	$	5,960	$	—	$	5,960	$	—
U.S. Government Agency securities		893		—		893		—
Municipal securities		13,288		—		13,288		—
Mortgage-backed securities and collateralized mortgage obligations		9,273		—		9,273		—
Corporate securities		5,702		—		5,702		—
	$	35,116	$	—	$	35,116	$	—
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		—		451
Change in fair value		(148)
Balance of recurring Level 3 assets at June 30	$	—	$	451

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
June 30, 2026:
Financial assets:
Cash and cash equivalents	$	8,150	$	8,150	$	—	$	—	$	8,150
Securities available-for-sale, net of allowance for credit losses of $666		35,116		—		35,116		—		35,116
Federal Home Loan Bank of New York stock, at cost		3,354		—		3,354		—		3,354
Federal Reserve Bank stock, at cost		270		—		270		—		270
Loans, net of allowance for credit losses of $1,847		236,710		—		—		234,535		234,535
Accrued interest receivable		1,512		1,512		—		—		1,512
Financial liabilities:
Deposits		234,985		84,781		149,232		—		234,013
Federal Home Loan Bank advances		34,629		—		36,049		—		36,049
Accrued interest payable		95		95		—		—		95
Advances from borrowers for taxes and insurance		3,220		3,220		—		—		3,220
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
June 30, 2026:
Collateral-dependent loans	$	4,902	$	—	$	—	$	4,902
	$	4,902	$	—	$	—	$	4,902
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%-56%	(13%) 2026
	of collateral or	adjustments	10%-55%	(26%) 2025
	asking price less
	selling costs
		Selling costs	7%-19%	(11%) 2026
			7%-14%	(10%) 2025