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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on Recurring Basis

The tables below present the recorded amount of assets as of June 30, 2025 and December 31, 2024 measured at fair value on a recurring basis.

						Level 1				Level 2				Level 3
						Quoted prices				Significant				Significant
						in active				other				other
						markets for				observable				unobservable
As of June 30, 2025		Total				identical assets				inputs				inputs
		(dollars in thousands)
Securities available for sale
Agencies		$	465			$	—			$	465			$	—
Corporate securities			1,583				—				1,583				—
Mortgage-backed securities			17,066				—				17,066				—
Treasuries			16,245				—				16,245				—
		$	35,359			$	—			$	35,359			$	—

						Level 1				Level 2				Level 3
						Quoted prices				Significant				Significant
						in active				other				other
						markets for				observable				unobservable
As of December 31, 2024		Total				identical assets				inputs				inputs
		(dollars in thousands)
Securities available for sale
Agencies		$	522			$	—			$	522			$	—
Corporate securities			1,535				—				1,535				—
Mortgage-backed securities			20,894				—				20,894				—
Treasuries			14,308				—				14,308				—
		$	37,259			$	—			$	37,259			$	—

Summary of Assets Measured at Fair Value on Non Recurring Basis

Assets measured at fair value on a non-recurring basis as of June 30, 2025 and December 31, 2024 were included in the tables below.

						Level 1				Level 2				Level 3
						Quoted prices				Significant				Significant
						in active				other				other
						markets for				observable				unobservable
As of June 30, 2025		Total				identical assets				inputs				inputs
(dollars in thousands)
Individually evaluated loans		$	4,391			$	—			$	—			$	4,391
Foreclosed real estate and repossessed assets			157				—				—				157
		$	4,548			$	—			$	—			$	4,548
						Level 1				Level 2				Level 3
						Quoted prices				Significant				Significant
						in active				other				other
						markets for				observable				unobservable
As of December 31, 2024		Total				identical assets				inputs				inputs
(dollars in thousands)
Individually evaluated loans		$	4,010			$	—			$	—			$	4,010
Foreclosed real estate and repossessed assets			159				—				—				159
		$	4,169			$	—			$	—			$	4,169

X

- 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

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X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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

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- References

No definition available.

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