v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements  
Summary of financial assets and financial liabilities measured at fair value on a recurring basis

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

​

​

Inputs

​

Inputs

​

Inputs

​

Fair Value

Financial assets

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Available for sale securities

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Residential mortgage-backed

​

$

—

​

$

5,768

​

$

—

​

$

5,768

Collateralized mortgage obligations

​

​

—

​

​

34,936

​

​

—

​

​

34,936

State and municipal

​

 

—

​

 

8,691

​

 

—

​

 

8,691

Corporate bonds

​

​

—

​

​

9,742

​

​

—

​

​

9,742

Total financial assets

​

$

—

​

$

59,137

​

$

—

​

$

59,137

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

​

​

Inputs

​

Inputs

​

Inputs

​

Fair Value

Financial assets

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Available for sale securities

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Residential mortgage-backed

​

$

—

​

$

5,796

​

$

—

​

$

5,796

Collateralized mortgage obligations

​

​

—

​

​

35,742

​

​

—

​

​

35,742

State and municipal

​

 

—

​

 

8,743

​

 

—

​

 

8,743

Corporate bonds

​

​

—

​

​

9,612

​

​

—

​

​

9,612

Total financial assets

​

$

—

​

$

59,893

​

$

—

​

$

59,893

Summary of financial assets and financial liabilities measured at fair value on a nonrecurring basis

​

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​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

June 30, 2026

​

​

Level 1

​

Level 2

​

Level 3

​

Total Fair

​

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Value

Financial assets

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Collateral-dependent loans

​

$

—

​

$

—

​

$

17

​

$

17

​

​

$

—

​

$

—

​

$

17

​

$

17

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31, 2025

​

​

Level 1

​

Level 2

​

Level 3

​

Total Fair

​

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Value

Financial assets

​

​

​

​

​

​

​

​

​

​

​

​

Collateral-dependent loans

​

$

—

​

$

—

​

$

654

​

$

654

Nonfinancial assets

​

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned

​

​

—

​

​

—

​

​

9,271

​

​

9,271

​

​

$

—

​

$

—

​

$

9,925

​

$

9,925

Schedule of quantitative information about significant unobservable inputs

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​

​

​

​

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​

  ​ ​ ​

​

​

  ​ ​ ​

​

  ​ ​ ​

Significant

  ​ ​ ​

Range of

 

​

​

Fair Value at

​

Principal Valuation

​

Unobservable

​

Significant Input

 

Instrument

​

June 30, 2026

​

Technique

​

Inputs

​

Values

 

Collateral-dependent loans

​

$

17

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

​

​

​

​

 

​

 

​

​

​

​

Other real estate owned

​

$

9,104

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

  ​ ​ ​

​

  ​ ​ ​

Significant

  ​ ​ ​

Range of

 

​

​

Fair Value at

​

Principal Valuation

​

Unobservable

​

Significant Input

 

Instrument

​

December 31, 2025

​

Technique

​

Inputs

​

Values

 

Collateral-dependent loans

​

$

654

​

Appraisal of collateral (1)

​

Appraisal adjustment

​

5-25

%

​

​

​

​

​

​

​

​

​

​

​

Other real estate owned

​

$

9,271

 

Appraisal of collateral (1)

 

Appraisal adjustment

 

5-25

%

​

​

​

​

​

​

​

​

​

​

​

​

(1)Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable.
Summary of estimated fair values, and related carrying amounts, of the Company's financial instruments

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​

June 30, 2026

​

​

Level 1

​

Level 2

​

Level 3

​

Total

​

Total

​

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

Carrying Value

Financial assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

7,227

​

$

—

​

$

—

​

$

7,227

​

$

7,227

Interest bearing deposits in banks

​

 

8,322

​

 

—

​

 

—

​

 

8,322

​

 

8,322

Securities held to maturity

​

 

—

​

 

15,122

​

 

—

​

 

15,122

​

 

16,708

Loans, net

​

 

—

​

 

—

​

 

303,758

​

 

303,758

​

 

313,078

Net investment in direct financing leases

​

 

—

​

 

—

​

​

968

​

 

968

​

 

998

Accrued interest receivable

​

 

1,992

​

 

—

​

 

—

​

 

1,992

​

 

1,992

Restricted investments carried at cost

​

 

—

​

​

2,833

​

 

—

​

 

2,833

​

 

2,833

Mortgage servicing rights

​

​

—

​

​

—

​

​

199

​

​

199

​

​

199

Financial liabilities

​

 

  ​

​

 

  ​

​

 

​

​

 

​

​

 

  ​

Deposits

​

 

—

​

 

—

​

 

309,495

​

 

309,495

​

 

339,629

FHLB advances

​

 

—

​

 

—

​

 

46,666

​

 

46,666

​

 

46,464

Accrued interest payable

​

 

619

​

 

—

​

 

—

​

 

619

​

 

619

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

Level 1

​

Level 2

​

Level 3

​

Total

​

Total

​

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Inputs

  ​ ​ ​

Fair Value

  ​ ​ ​

Carrying Value

Financial assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

6,450

​

$

—

​

$

—

​

$

6,450

​

$

6,450

Interest bearing deposits in banks

​

 

5,509

​

 

—

​

 

—

​

 

5,509

​

 

5,509

Securities held to maturity

​

 

—

​

 

16,744

​

 

—

​

 

16,744

​

 

18,283

Loans, net

​

 

—

​

 

—

​

 

293,446

​

 

293,446

​

 

301,986

Net investment in direct financing leases

​

 

—

​

 

—

​

 

1,185

​

 

1,185

​

 

1,219

Accrued interest receivable

​

 

1,888

​

 

—

​

 

—

​

 

1,888

​

 

1,888

Restricted investments carried at cost

​

 

—

​

 

2,773

​

 

—

​

 

2,773

​

 

2,773

Mortgage servicing rights

​

 

—

​

 

—

​

 

210

​

 

210

​

 

210

Financial liabilities

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Deposits

​

 

—

​

 

—

​

 

297,856

​

 

297,856

​

 

327,904

FHLB advances

​

 

—

​

 

—

​

 

46,478

​

 

46,478

​

 

45,669

Accrued interest payable

​

 

683

​

 

—

​

 

—

​

 

683

​

 

683