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Fair Value Measurements and Disclosure (Tables)
 12 Months Ended
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 AmountEstimated Fair ValueQuoted Prices In Active Markets for Identical Assets Level 1Significant Other Observable Inputs Level 2Significant Unobservable Inputs Level 3
Financial Assets:     
Investment securities$157,382 $157,382 $— $157,382 $— 
Marketable equity securities3,326 3,326 3,326 — — 
Loans, net912,416 874,105 — — 874,105 
Financial Liabilities:     
Time deposits78,356 77,981 — — 77,981 
Junior subordinated debentures11,572 11,572 — — 11,572 
 
December 31, 2023
(In thousands)Carrying AmountEstimated Fair ValueQuoted Prices In Active Markets for Identical Assets Level 1Significant Other Observable Inputs Level 2Significant Unobservable Inputs Level 3
Financial Assets:     
Investment securities$181,266 $181,266 $12,438 $168,828 $— 
Marketable equity securities3,354 3,354 3,354 — — 
Loans, net904,384 871,681 — — 871,681 
Financial Liabilities:     
Time deposits71,848 71,414 — — 71,414 
Short-term borrowings62,000 62,000 62,000 — — 
Junior subordinated debentures11,213 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, 2024December 31, 2023
Financial InstrumentValuation TechniqueUnobservable InputWeighted AverageFinancial InstrumentValuation TechniqueUnobservable InputWeighted Average
Junior Subordinated DebenturesDiscounted cash flowMarket credit risk adjusted spreads6.40%Junior Subordinated DebenturesDiscounted cash flowMarket credit risk adjusted spreads6.14%
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, 2024Quoted 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 obligations78,881 — 78,881 — 
Municipal bonds42,367 — 42,367 — 
Corporate bonds33,490 — 33,490 — 
Total AFS securities157,382 — 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, 2023Quoted 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 obligations88,184 — 88,184 — 
Municipal bonds42,365 — 42,365 — 
U.S. Treasury securities12,438 — 12,438 — 
Corporate bonds32,122 — 32,122 — 
Total AFS securities181,265 — 181,265 — 
Marketable equity securities3,354 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, 2024December 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)