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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of the dates indicated:

						Fair Value Measurement Level
($ in thousands)						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
December 31, 2025
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Mortgage-backed securities						$	—					$	129,822					$	—					$	129,822
Collateralized mortgage obligations						—						18,762						—						18,762
SBA loan pool securities						—						4,193						—						4,193
Municipal bonds						—						2,484						—						2,484
Corporate bonds						—						4,748						—						4,748
Total securities available-for-sale						—						160,009						—						160,009
Total assets measured at fair value on a recurring basis						$	—					$	160,009					$	—					$	160,009
Total liabilities measured at fair value on a recurring basis						$	—					$	—					$	—					$	—
December 31, 2024
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Mortgage-backed securities						$	—					$	112,439					$	—					$	112,439
Collateralized mortgage obligations						—						21,237						—						21,237
SBA loan pool securities						—						6,008						—						6,008
Municipal bonds						—						2,420						—						2,420
Corporate bonds						—						4,245						—						4,245
Total securities available-for-sale						—						146,349						—						146,349
Total assets measured at fair value on a recurring basis						$	—					$	146,349					$	—					$	146,349
Total liabilities measured at fair value on a recurring basis						$	—					$	—					$	—					$	—

Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis as of the dates indicated:

						Fair Value Measurement Level
($ in thousands)						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
December 31, 2025
Loans individually evaluated:
Business property						—						—						507						507
Total loans individually evaluated						—						—						507						507
Total assets measured at fair value on a non-recurring basis						$	—					$	—					$	507					$	507
Total liabilities measured at fair value on a non-recurring basis						$	—					$	—					$	—					$	—
December 31, 2024
Loans individually evaluated:
Business property						$	—					$	—					$	994					$	994
Total loans individually evaluated						—						—						994						994
Total assets measured at fair value on a non-recurring basis						$	—					$	—					$	994					$	994
Total liabilities measured at fair value on a non-recurring basis						$	—					$	—					$	—					$	—

For assets measured at fair value, the following table presents the total net gains (losses), which include charge-offs, recoveries, individual reserves, impairment on servicing assets, gain (loss) on sale of OREO, and OREO valuation write-downs recorded for the periods indicated:

						Year Ended December 31,
($ in thousands)						2025						2024						2023
Loans individually evaluated:
Business property						$	(135)					$	200					$	(264)
Multifamily						—						(20)						—
Commercial and industrial						(37)						(47)						1,074
Net gains (losses) recognized						$	(172)					$	133					$	810

Schedule of Quantitative Information About Level 3 Fair Value Measurements

The following table presents quantitative information about level 3 fair value measurements for assets measured at fair value on a non-recurring basis as of the dates indicated:

($ in thousands)

Fair Value

Valuation Technique(s)

Unobservable Input(s)

Range (Weighted-Average)

December 31, 2025

Loans individually evaluated:

Business property

$

507

Fair value of collateral

Selling cost

6%

December 31, 2024

Loans individually evaluated:

Business property

$

994

Fair value of collateral

Selling cost

6%

The following table presents the estimated purchase price based on the formula set forth in the Option Agreement as if the Company met all Threshold Conditions as of December 31, 2025:

						Dividend Rate at the Reset Date Immediately Preceding the Purchase Date
($ in thousands)						0.50%						1.25%						2.00%
Purchase price						$	4,742					$	11,855					$	18,969
Discount						64,399						57,286						50,172

Schedule of Carrying Value and Estimated Fair Values of Financial Assets and Liabilities

The following table presents the carrying value and estimated fair values of financial assets and liabilities as of the dates indicated:

						Carrying Value						Fair Value						Fair Value Measurements
($ in thousands)																		Level 1						Level 2						Level 3
December 31, 2025
Financial assets:
Interest-bearing deposits in other financial institutions						$	181,823					$	181,823					$	181,823					$	—					$	—
Securities available-for-sale						160,009						160,009						—						160,009						—
Loans held-for-sale						12,077						12,815						—						12,815						—
Net loans held-for-investment						2,787,019						2,783,879						—						—						2,783,879
FHLB and other restricted stock						14,978						N/A						N/A						N/A						N/A
Accrued interest receivable						10,669						10,669						126						599						9,944
Financial liabilities:
Deposits						$	2,795,412					$	2,805,598					$	—					$	—					$	2,805,598
FHLB advances						34,000						34,000						—						34,000						—
Accrued interest payable						25,228						25,228						—						4						25,224
December 31, 2024
Financial assets:
Interest-bearing deposits in other financial institutions						$	171,692					$	171,692					$	171,692					$	—					$	—
Securities available-for-sale						146,349						146,349						—						146,349						—
Loans held-for-sale						6,292						6,783						—						6,783						—
Net loans held-for-investment						2,598,759						2,593,839						—						—						2,593,839
FHLB and other restricted stock						14,042						N/A						N/A						N/A						N/A
Accrued interest receivable						10,466						10,466						139						548						9,779
Financial liabilities:
Deposits						$	2,615,791					$	2,620,750					$	—					$	—					$	2,620,750
Other short-term borrowings						15,000						15,000						—						15,000						—
Accrued interest payable						24,407						24,407						—						2						24,405

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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