Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Measurements

Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring 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)
	(In thousands)
September 30, 2025
U.S. government agencies	$	12,433	$	—	$	12,433	$	—
Subordinated Notes		23,595		—		23,595		—
State and municipal obligations		217,698		—		217,698		—
December 31, 2024
U.S. government agencies	$	12,254	$	—	$	12,254	$	—
Subordinated Notes		24,118		—		24,118		—
State and municipal obligations		204,259		—		204,259		—

Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a non-recurring basis

			Fair Value Measurements Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
September 30, 2025
Collateral dependent loans	$	134	$	—	$	134	$	—
Foreclosed assets held for sale		—		—		—		—
December 31, 2024
Collateral dependent loans	$	—	$	—	$	—	$	—
Foreclosed assets held for sale		120		—		—		120

Schedule of quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements

	Fair Value at		Valuation	Unobservable
	9/30/25		Technique	Inputs	Range
	(In thousands)
Collateral-dependent loans	$	—	Market comparable properties	Comparability adjustments	5% –10%
Foreclosed assets held for sale		—	Market comparable properties	Marketability discount	10% – 35%

	Fair Value at		Valuation	Unobservable
	12/31/24		Technique	Inputs	Range
	(In thousands)
Collateral-dependent loans	$	—	Market comparable properties	Comparability adjustments	5% – 10%
Foreclosed assets held for sale		120	Market comparable properties	Marketability discount	10% – 35%

Schedule of estimated fair values of company's financial instruments

			Fair Value Measurements Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
September 30, 2025:
Financial assets
Cash and cash equivalents	$	45,652	$	45,652	$	—	$	—
Loans, net of allowance		492,234		—		—		479,128
Federal Home Loan Bank		4,030		—		4,030		—
Accrued interest receivable		3,631		—		3,631		—
Financial liabilities
Deposits		645,193		—		644,095		—
Securities sold under repurchase agreements		45,514		—		45,514		—
Subordinated debentures		23,893		—		23,092		—
Advance Federal Home Loan Bank		75,000		—		75,464		—
Accrued interest payable		607		—		607		—

			Fair Value Measurements Using
			Quoted Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
	Amount		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
December 31, 2024:
Financial assets
Cash and cash equivalents	$	19,608	$	19,608	$	—	$	—
Loans, net of allowance		486,945		—		—		466,951
Federal Home Loan Bank stock		4,026		—		4,026		—
Accrued interest receivable		4,322		—		4,322		—
Financial liabilities
Deposits		613,494		—		614,869		—
Securities sold under repurchase agreements		30,494		—		30,494		—
Subordinated debentures		23,847		—		24,386		—
Advance Federal Home Loan Bank		75,000		—		74,728		—
Accrued interest payable		831		—		831		—