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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying Value

(In thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Assets Measured on a Recurring Basis

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Securities available for sale:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Agency mortgage-backed securities

​

$

—

​

$

114,389

​

$

—

​

$

114,389

Agency CMO

​

 

—

​

 

108,253

​

 

—

​

 

108,253

Agency notes and bonds

​

 

—

​

 

37,762

​

 

—

​

 

37,762

Treasury notes and bonds

​

 

2,465

​

 

—

​

 

—

​

 

2,465

Municipal obligations

​

 

—

​

 

144,048

​

 

—

​

 

144,048

Total securities available for sale

​

$

2,465

​

$

404,452

​

$

—

​

$

406,917

​

​

​

​

​

​

​

​

​

​

​

​

​

Equity securities

​

$

1,305

​

$

—

​

$

—

​

 

1,305

​

​

​

​

​

​

​

​

​

​

​

​

​

Assets Measured on a Nonrecurring Basis

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Collateral dependent loans:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Commercial Real Estate

​

$

—

​

$

—

​

$

440

​

$

440

Commercial Business

​

​

—

​

​

—

​

​

227

​

​

227

1-4 Family Residential Construction

​

 

—

​

 

—

​

 

37

​

 

37

Total collateral dependent loans

​

$

—

​

$

—

​

$

704

​

$

704

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying Value

(In thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

December 31, 2025

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Assets Measured on a Recurring Basis

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Securities available for sale:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Agency mortgage-backed securities

​

$

—

​

$

91,930

​

$

—

​

$

91,930

Agency CMO

​

 

—

​

 

100,746

​

 

—

​

 

100,746

Agency notes and bonds

​

 

—

​

 

74,391

​

 

—

​

 

74,391

Treasury notes and bonds

​

 

2,461

​

 

—

​

 

—

​

 

2,461

Municipal obligations

​

 

—

​

 

147,662

​

 

—

​

 

147,662

Total securities available for sale

​

$

2,461

​

$

414,729

​

$

—

​

$

417,190

​

​

​

​

​

​

​

​

​

​

​

​

​

Equity securities

​

$

1,035

​

$

—

​

$

—

​

 

1,035

​

​

​

​

​

​

​

​

​

​

​

​

​

Assets Measured on a Nonrecurring Basis

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Collateral dependent loans:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Commercial Business

​

$

—

​

$

—

​

$

412

​

$

412

1-4 Family Residential Construction

​

 

—

​

 

—

​

 

37

​

 

37

Total collateral dependent loans

​

$

—

​

$

—

​

$

449

​

$

449

Schedule of estimated fair values of the company's financial instruments

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​

Carrying

​

Fair

​

Fair Value Measurements Using

(In thousands)

  ​ ​ ​

Value

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Financial assets:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Cash and cash equivalents

​

$

149,812

​

$

149,812

​

$

149,812

​

$

—

 

$

—

Interest-bearing time deposits

​

 

1,225

​

 

1,224

​

 

—

​

 

1,224

 

 

—

Securities available for sale

​

 

406,917

​

 

406,917

​

 

2,465

​

 

404,452

 

 

—

Securities held to maturity

​

 

7,000

​

 

5,542

​

 

—

​

 

5,542

 

 

—

Loans held for sale

​

 

1,326

​

 

1,350

​

 

—

​

 

1,350

 

 

—

Loans, net

​

 

668,124

​

 

652,886

​

 

—

​

 

—

 

 

652,886

FHLB and other restricted stock

​

 

1,836

​

 

N/A

​

 

N/A

​

​

N/A

 

 

N/A

Accrued interest receivable

​

 

5,057

​

 

5,057

​

 

—

​

 

5,057

 

 

—

Equity securities (included in other assets)

​

 

1,305

​

​

1,305

​

​

1,305

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

 

​

​

 

​

​

 

​

​

 

​

 

 

​

Deposits

​

 

1,136,731

​

 

1,136,500

​

 

896,981

​

 

—

 

 

239,519

Accrued interest payable

​

 

1,942

​

​

1,942

​

​

—

​

​

1,942

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025:

​

 

​

​

 

​

​

 

​

​

 

​

 

 

​

Financial assets:

​

 

​

​

 

​

​

 

​

​

 

​

 

 

​

Cash and cash equivalents

​

$

137,288

​

$

137,288

​

$

137,288

​

$

—

 

$

—

Interest-bearing time deposits

​

 

1,470

​

 

1,480

​

 

—

​

 

1,480

 

 

—

Securities available for sale

​

 

417,190

​

 

417,190

​

 

2,461

​

 

414,729

 

 

—

Securities held to maturity

​

 

7,000

​

 

5,243

​

 

—

​

 

5,243

 

 

—

Loans held for sale

​

 

1,464

​

 

1,489

​

 

—

​

 

1,489

 

 

—

Loans, net

​

 

654,100

​

 

625,927

​

 

—

​

 

—

 

 

625,927

FHLB and other restricted stock

​

 

1,836

​

 

N/A

​

 

N/A

​

 

N/A

 

 

N/A

Accrued interest receivable

​

 

5,100

​

 

5,100

​

 

—

​

 

5,100

 

 

—

Equity securities (included in other assets)

​

 

1,035

​

 

1,035

​

 

1,035

​

 

—

 

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

 

​

​

 

​

​

 

​

​

 

​

 

 

​

Deposits

​

 

1,122,990

​

​

1,123,123

​

​

885,622

​

​

—

​

​

237,501

Accrued interest payable

​

 

2,195

​

 

2,195

​

 

—

​

 

2,195

 

 

—