Assets and liabilities measured at fair value on a non-recurring basis are summarized below (dollars in thousands):


			Fair Value Measurements Using
					Significant
			Quoted Prices in		Other		Significant
			Active Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
December 31, 2023
Individually evaluated loans:
Commercial loans	$	539	$	—	$	—	$	539
OREO		51		—		—		51

June 30, 2023
Impaired loans:
Commercial loans	$	539	$	—	$	—	$	539

The carrying and estimated fair values of financial assets and liabilities were as follows (dollars in thousands):


	December 31, 2023
						Fair Value Measurements Using
							Significant
					Active Markets		Other		Significant
					for Identical		Observable		Unobservable
	Carrying		Estimated		Assets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial assets
Cash and cash equivalents	$	139,634	$	139,634	$	139,634	$	—	$	—
Securities available for sale		320,397		320,397		295,790		24,129		—
Securities held to maturity		23,554		22,272		—		22,272		—
Equity securities		2,763		2,763		2,763		—		—
FHLBNY stock		1,246		1,246		—		1,246		—
Net loans receivable		1,263,787		1,231,051		—		—		1,231,051
Accrued interest receivable		7,678		7,678		—		7,678		—
Derivative assets		167		167		—		167		—

Financial liabilities
Deposits
Savings, money market, and demand accounts	$	1,372,077	$	1,372,077	$	—	$	1,372,077	$	—
Time deposits		150,018		148,374		—		148,374		—
Mortgagors’ escrow deposits		7,270		7,270		—		7,270		—
Accrued interest payable		164		164		—		164		—
Derivative liabilities		14,501		14,501		—		14,501		—


	June 30, 2023
						Fair Value Measurements Using
							Significant
					Active Markets		Other		Significant
					for Identical		Observable		Unobservable
	Carrying		Estimated		Assets		Inputs		Inputs
	Amount		Fair Value		(Level 1)		(Level 2)		(Level 3)
Financial assets
Cash and cash equivalents	$	150,478	$	150,478	$	150,478	$	—	$	—
Securities available for sale		431,667		431,667		377,729		53,938		—
Securities held to maturity		23,949		21,744		—		21,744		—
Equity securities		2,413		2,413		2,413		—		—
FHLBNY stock		1,196		1,196		—		1,196		—
Net loans receivable		1,144,169		1,095,366		—		—		1,095,366
Accrued interest receivable		7,194		7,194		—		7,194		—
Derivative assets		684		684		—		684		—

Financial liabilities
Deposits
Savings, money market, and demand accounts	$	1,424,874	$	1,424,874	$	—	$	1,424,874	$	—
Time deposits		116,977		114,596		—		114,596		—
Mortgagors’ escrow deposits		7,888		7,888		—		7,888		—
Accrued interest payable		84		84		—		84		—
Derivative liabilities		18,828		18,828		—		18,828		—