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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2025
Investments, All Other Investments [Abstract] |
Fair Value, by Balance Sheet Grouping | The Company’s estimated fair values of financial instruments are presented in the following table.
|  |  |  | June 30, 2025 |  |  | December 31, 2024 |
|  | Fair value |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
(dollars in thousands) |  | hierarchy |  | amount |  |  | value |  |  | amount |  |  | value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | Level 1 |  | $ | 56,323 |  |  | $ | 56,323 |  |  | $ | 70,500 |  |  | $ | 70,500 |
Equity investment |  | Level 1 |  |  | 406 |  |  |  | 406 |  |  |  | 391 |  |  |  | 391 |
Securities held to maturity |  | Level 2 |  |  | 5,832 |  |  |  | 5,128 |  |  |  | 5,979 |  |  |  | 5,171 |
Securities held to available for sale |  | Level 2 |  |  | 35,359 |  |  |  | 35,359 |  |  |  | 37,259 |  |  |  | 37,259 |
Federal Home Loan Bank of Atlanta stock |  | Level 2 |  |  | 656 |  |  |  | 656 |  |  |  | 1,366 |  |  |  | 1,366 |
Loans receivable |  | Level 3 |  |  | 742,414 |  |  |  | 743,944 |  |  |  | 729,238 |  |  |  | 722,005 |
Accrued interest receivable |  | Level 2 |  |  | 3,243 |  |  |  | 3,243 |  |  |  | 3,161 |  |  |  | 3,161 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | Level 3 |  | $ | 658,891 |  |  | $ | 585,332 |  |  | $ | 651,491 |  |  | $ | 574,273 |
FHLB Borrowings |  | Level 2 |  |  | — |  |  |  | — |  |  |  | 15,000 |  |  |  | 15,000 |
Subordinated Debentures |  | Level 3 |  |  | 34,961 |  |  |  | 32,977 |  |  |  | 34,883 |  |  |  | 31,117 |
Accrued interest payable |  | Level 2 |  |  | 645 |  |  |  | 645 |  |  |  | 346 |  |  |  | 346 |

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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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