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Fair Value Measurements and Disclosure (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Instruments | The table below is a summary of fair value estimates for financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized at the periods indicated:
|  | December 31, 2024
(In thousands) |  | Carrying Amount |  | Estimated Fair Value |  | Quoted Prices In Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |
Investment securities |  | $ | 157,382 |  |  | $ | 157,382 |  |  | $ | — |  |  | $ | 157,382 |  |  | $ | — |
Marketable equity securities |  | 3,326 |  |  | 3,326 |  |  | 3,326 |  |  | — |  |  | — |
Loans, net |  | 912,416 |  |  | 874,105 |  |  | — |  |  | — |  |  | 874,105 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | 78,356 |  |  | 77,981 |  |  | — |  |  | — |  |  | 77,981 |
Junior subordinated debentures |  | 11,572 |  |  | 11,572 |  |  | — |  |  | — |  |  | 11,572 |
|  | December 31, 2023
(In thousands) |  | Carrying Amount |  | Estimated Fair Value |  | Quoted Prices In Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |
Investment securities |  | $ | 181,266 |  |  | $ | 181,266 |  |  | $ | 12,438 |  |  | $ | 168,828 |  |  | $ | — |
Marketable equity securities |  | 3,354 |  |  | 3,354 |  |  | 3,354 |  |  | — |  |  | — |
Loans, net |  | 904,384 |  |  | 871,681 |  |  | — |  |  | — |  |  | 871,681 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | 71,848 |  |  | 71,414 |  |  | — |  |  | — |  |  | 71,414 |
Short-term borrowings |  | 62,000 |  |  | 62,000 |  |  | 62,000 |  |  | — |  |  | — |
Junior subordinated debentures |  | 11,213 |  |  | 11,213 |  |  | — |  |  | — |  |  | 11,213 |
Schedule of Description of the Valuation Technique, Unobservable Input, and Qualitative Information about the Unobservable Inputs for the Company's Assets and Liabilities Classified as Level 3 and Measured at Fair Value on a Recurring Basis | The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s liabilities classified as Level 3 and measured at fair value on a recurring basis at December 31, 2024, and 2023:
December 31, 2024 |  | December 31, 2023
Financial Instrument |  | Valuation Technique |  | Unobservable Input |  | Weighted Average |  | Financial Instrument |  | Valuation Technique |  | Unobservable Input |  | Weighted Average
Junior Subordinated Debentures |  | Discounted cash flow |  | Market credit risk adjusted spreads |  | 6.40% |  | Junior Subordinated Debentures |  | Discounted cash flow |  | Market credit risk adjusted spreads |  | 6.14%
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring as of December 31, 2024:
(In thousands) |  | December 31, 2024 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 2,644 |  |  | $ | — |  |  | $ | 2,644 |  |  | $ | — |
U.S. Government collateralized mortgage obligations |  | 78,881 |  |  | — |  |  | 78,881 |  |  | — |
Municipal bonds |  | 42,367 |  |  | — |  |  | 42,367 |  |  | — |
Corporate bonds |  | 33,490 |  |  | — |  |  | 33,490 |  |  | — |
Total AFS securities |  | 157,382 |  |  | — |  |  | 157,382 |  |  | — |
Marketable equity securities |  | 3,326 |  |  | 3,326 |  |  | — |  |  | — |
Total assets |  | $ | 160,708 |  |  | $ | 3,326 |  |  | $ | 157,382 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 11,572 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,572 |
Total liabilities |  | $ | 11,572 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,572 |
There were no non-recurring fair value adjustments at December 31, 2024. The following tables summarize the Company’s assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2023:
(In thousands) |  | December 31, 2023 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |  |
U.S. Government agencies |  | $ | 6,156 |  |  | $ | — |  |  | $ | 6,156 |  |  | $ | — |
U.S. Government collateralized mortgage obligations |  | 88,184 |  |  | — |  |  | 88,184 |  |  | — |
Municipal bonds |  | 42,365 |  |  | — |  |  | 42,365 |  |  | — |
U.S. Treasury securities |  | 12,438 |  |  | — |  |  | 12,438 |  |  | — |
Corporate bonds |  | 32,122 |  |  | — |  |  | 32,122 |  |  | — |
Total AFS securities |  | 181,265 |  |  | — |  |  | 181,265 |  |  | — |
Marketable equity securities |  | 3,354 |  |  | 3,354 |  |  | — |  |  | — |
Total assets |  | $ | 184,619 |  |  | $ | 3,354 |  |  | $ | 181,265 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Junior subordinated debentures |  | $ | 11,213 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,213 |
Total liabilities |  | $ | 11,213 |  |  | $ | — |  |  | $ | — |  |  | $ | 11,213 |
Schedule of Significant Unobservable Inputs (Level 3) on a Recurring Basis | The following tables provide a reconciliation of liabilities at fair value using significant unobservable inputs (Level 3) on a recurring basis during the years ended:
Junior Subordinated Debentures (in thousands) |  | December 31, 2024 |  | December 31, 2023 |  |
Beginning balance |  | $ | 11,213 |  |  | $ | 10,883 |  |  |
Total (gains) losses included in earnings |  | 614 |  |  | (274) |  |  |
Total gains (losses) included in other comprehensive income |  | (245) |  |  | 544 |  |  |
Capitalized interest |  | (10) |  |  | 60 |  |  |
Ending balance |  | $ | 11,572 |  |  | $ | 11,213 |  |  |
The amount of total losses (gains) for the period included in earnings attributable to the change in unrealized gains or losses relating to liabilities still held at the reporting date |  | $ | 614 |  |  | $ | (274) |  |  |

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