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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract] |
Assets and Liabilities Measured on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below:
|  | Fair Value Measurements at June 30, 2025 Using |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 104,804 |  |  | $ | — |  |  | $ | — |
U.S. Government sponsored entity securities |  |  | — |  |  |  | 6,041 |  |  |  | — |
Agency mortgage-backed securities, residential |  |  | — |  |  |  | 154,497 |  |  |  | — |
Interest rate swap derivatives |  |  | — |  |  |  | 822 |  |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap derivatives |  |  | — |  |  |  | (822 | ) |  |  | — |
|  | Fair Value Measurements at December 31, 2024 Using |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 168,030 |  |  | $ | — |  |  | $ | — |
U.S. Government sponsored entity securities |  |  | — |  |  |  | 5,888 |  |  |  | — |
Agency mortgage-backed securities, residential |  |  | — |  |  |  | 94,202 |  |  |  | — |
Interest rate swap derivatives |  |  | — |  |  |  | 657 |  |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap derivatives |  |  | — |  |  |  | (657 | ) |  |  | — |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques | The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2025:
June 30, 2025 |  | Fair Value |  |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  |  | Weighted Average |
Individually evaluated collateral dependent loans: |  |  |  |  |  | 1 |  |  |  |  | 1 |  |  |  |
Residential real estate loans |  | $ | 382 |  |  |  |  |  |  | 1.6% to 10.7% |  |  |  | 4.6 | %
Assets and Liabilities Measured on Nonrecurring Basis | There were no assets or liabilities measured at fair value on a nonrecurring basis at December 31, 2024. Assets or liabilities measured at fair value on a nonrecurring basis at June 30, 2025 are summarized below:
| Fair Value Measurements at June 30, 2025 Using |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |
Individually evaluated collateral dependent loans: |  |  |  |  |  |
Residential real estate |  | $ | — |  |  | $ | — |  |  | $ | 382 |
Carrying Amounts and Estimated Fair Values of Financial Instruments | The carrying amounts and estimated fair values of financial instruments at June 30, 2025 and December 31, 2024 are as follows:
|  | Carrying |  |  | Fair Value Measurements at June 30, 2025 Using |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 54,627 |  |  | $ | 54,627 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,627 |
Securities available for sale |  |  | 265,342 |  |  |  | 104,804 |  |  |  | 160,538 |  |  |  | — |  |  |  | 265,342 |
Securities held to maturity |  |  | 6,493 |  |  |  | — |  |  |  | 3,724 |  |  |  | 2,221 |  |  |  | 5,945 |
Loans, net |  |  | 1,090,411 |  |  |  | — |  |  |  | — |  |  |  | 1,075,632 |  |  |  | 1,075,632 |
Interest rate swap derivatives |  |  | 822 |  |  |  | — |  |  |  | 822 |  |  |  | — |  |  |  | 822 |
Accrued interest receivable |  |  | 4,941 |  |  |  | — |  |  |  | 1,238 |  |  |  | 3,703 |  |  |  | 4,941 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,276,762 |  |  |  | 891,556 |  |  |  | 386,936 |  |  |  | — |  |  |  | 1,278,492 |
Other borrowed funds |  |  | 37,177 |  |  |  | — |  |  |  | 36,488 |  |  |  | — |  |  |  | 36,488 |
Subordinated debentures |  |  | 8,500 |  |  |  | — |  |  |  | 8,500 |  |  |  | — |  |  |  | 8,500 |
Interest rate swap derivatives |  |  | 822 |  |  |  | — |  |  |  | 822 |  |  |  | — |  |  |  | 822 |
Accrued interest payable |  |  | 5,686 |  |  |  | — |  |  |  | 5,686 |  |  |  | — |  |  |  | 5,686 |
|  | Carrying |  |  | Fair Value Measurements at December 31, 2024 Using |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 83,107 |  |  | $ | 83,107 |  |  | $ | — |  |  | $ | — |  |  | $ | 83,107 |
Securities available for sale |  |  | 268,120 |  |  |  | 168,030 |  |  |  | 100,090 |  |  |  | — |  |  |  | 268,120 |
Securities held to maturity |  |  | 7,049 |  |  |  | — |  |  |  | 3,651 |  |  |  | 2,769 |  |  |  | 6,420 |
Loans, net |  |  | 1,051,737 |  |  |  | — |  |  |  | — |  |  |  | 1,037,349 |  |  |  | 1,037,349 |
Interest rate swap derivatives |  |  | 657 |  |  |  | — |  |  |  | 657 |  |  |  | — |  |  |  | 657 |
Accrued interest receivable |  |  | 4,805 |  |  |  | — |  |  |  | 1,540 |  |  |  | 3,265 |  |  |  | 4,805 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 1,275,178 |  |  |  | 881,290 |  |  |  | 394,470 |  |  |  | — |  |  |  | 1,275,760 |
Other borrowed funds |  |  | 39,740 |  |  |  | — |  |  |  | 38,815 |  |  |  | — |  |  |  | 38,815 |
Subordinated debentures |  |  | 8,500 |  |  |  | — |  |  |  | 8,500 |  |  |  | — |  |  |  | 8,500 |
Interest rate swap derivatives |  |  | 657 |  |  |  | — |  |  |  | 657 |  |  |  | — |  |  |  | 657 |
Accrued interest payable |  |  | 5,234 |  |  |  | 1 |  |  |  | 5,233 |  |  |  | — |  |  |  | 5,234 |

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- Definition 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) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring 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) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition 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 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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