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v3.24.3

Fair Value (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instrument | The carrying amounts and estimated fair values of financial instrument as of June 30, 2024 and December 31, 2023, were as follows:
|  | Carrying |  |  | Fair |  |  |  |  |  |  |  |  |  |
|  | Amount |  |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 8,565 |  |  | $ | 8,565 |  |  | $ | 8,565 |  |  | $ | — |  |  | $ | — |
Interest-bearing cash equivalents |  | $ | 50,850 |  |  | $ | 50,850 |  |  | $ | 50,850 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  | $ | 249,196 |  |  | $ | 249,196 |  |  | $ | — |  |  | $ | 249,196 |  |  | $ | — |
Loans held for sale |  | $ | 34,891 |  |  | $ | 34,891 |  |  | $ | — |  |  | $ | 34,891 |  |  | $ | — |
Loans held for investment, net |  | $ | 717,094 |  |  | $ | 683,839 |  |  | $ | — |  |  | $ | — |  |  | $ | 683,839 |
Derivative assets |  | $ | 541 |  |  | $ | 541 |  |  | $ | — |  |  | $ | 541 |  |  | $ | — |
Mortgage servicing rights |  | $ | 1,032 |  |  | $ | 1,942 |  |  | $ | — |  |  | $ | 1,942 |  |  | $ | — |
Accrued interest receivable |  | $ | 5,820 |  |  | $ | 5,820 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,820 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 770,623 |  |  | $ | 678,018 |  |  | $ | — |  |  | $ | 678,018 |  |  | $ | — |
Escrows |  | $ | 9,479 |  |  | $ | 9,479 |  |  | $ | 9,479 |  |  | $ | — |  |  | $ | — |
Other borrowings |  | $ | 218,500 |  |  | $ | 217,826 |  |  | $ | — |  |  | $ | 217,826 |  |  | $ | — |
Accrued interest payable |  | $ | 3,327 |  |  | $ | 3,327 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,327 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 5,795 |  |  | $ | 5,795 |  |  | $ | 5,795 |  |  | $ | — |  |  | $ | — |
Interest-bearing cash equivalents |  | $ | 81,313 |  |  | $ | 81,313 |  |  | $ | 81,313 |  |  | $ | — |  |  | $ | — |
Securities available for sale |  | $ | 249,898 |  |  | $ | 249,898 |  |  | $ | — |  |  | $ | 249,898 |  |  | $ | — |
Loans held for sale |  | $ | 22,576 |  |  | $ | 22,576 |  |  | $ | — |  |  | $ | 22,576 |  |  | $ | — |
Loans held for investment, net |  | $ | 659,481 |  |  | $ | 661,600 |  |  | $ | — |  |  | $ | — |  |  | $ | 661,600 |
Derivative assets |  | $ | 184 |  |  | $ | 184 |  |  | $ | — |  |  | $ | 184 |  |  | $ | — |
Mortgage servicing rights |  | $ | 2,231 |  |  | $ | 6,934 |  |  | $ | — |  |  | $ | 6,934 |  |  | $ | — |
Accrued interest receivable |  | $ | 5,506 |  |  | $ | 5,506 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,506 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 769,288 |  |  | $ | 706,000 |  |  | $ | — |  |  | $ | 706,000 |  |  | $ | — |
Escrows |  | $ | 11,774 |  |  | $ | 11,774 |  |  | $ | 11,774 |  |  | $ | — |  |  | $ | — |
Other borrowings |  | $ | 172,200 |  |  | $ | 171,160 |  |  | $ | — |  |  | $ | 171,160 |  |  | $ | — |
Accrued interest payable |  | $ | 524 |  |  | $ | 524 |  |  | $ | — |  |  | $ | — |  |  | $ | 524 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- References No definition available. + Details
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