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FAIR VALUE ACCOUNTING (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured on Recurring Basis

The following tables present the financial instruments measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024:

			Fair Value						Quoted Prices in Active Markets for Identical Instruments (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
March 31, 2025
Investment securities:
U.S. government agency obligations			$	12,986					$	—					$	12,986					$	—
Mortgage-backed securities			68,704						—						68,704						—
Corporate debt securities			39,591						—						39,591						—
Asset-backed securities			18,361						—						18,361						—
Total investment securities			139,642						—						139,642						—
Equity Investments:
Farmer Mac equity securities			539						539						—						—
Preferred equity			1,362						—						—						1,362
Equity investments measured at NAV(1)			3,561						—						—						—
Total equity investments			5,462						539						—						1,362
Total			$	145,104					$	539					$	139,642					$	1,362
December 31, 2024
Investment securities:
U.S. government agency obligations			$	13,753					$	—					$	13,753					$	—
Mortgage-backed securities			68,386						—						68,386						—
Corporate debt securities			41,716						—						41,716						—
Corporate asset backed securities			18,996						—						18,996						—
Total investment securities			142,851						—						142,851						—
Equity Investments:
Farmer Mac equity securities			569						569						—						—
Preferred equity			1,362						—						—						1,362
Equity investments measured at NAV(1)			2,771						—						—						—
Total equity investments			4,702						569						—						1,362
Total			$	147,553					$	569					$	142,851					$	1,362

(1) Investments valued at NAV are excluded from being reported under the fair value hierarchy but are presented to permit reconciliation with the balance sheet in accordance with ASC 820-10-35-54B.

Schedule of Assets Measured on Nonrecurring Basis

The following tables present the financial instruments measured at fair value on a nonrecurring basis as of March 31, 2025 and December 31, 2024:

			Carrying Value						Quoted Prices in Active Markets for Identical Instruments (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
March 31, 2025
Foreclosed and repossessed assets, net			$	876					$	—					$	—					$	876
Collateral dependent loans			3,710						—						—						3,710
Total			$	4,586					$	—					$	—					$	4,586
December 31, 2024
Foreclosed and repossessed assets, net			$	915					$	—					$	—					$	915
Collateral dependent loans			3,107						—						—						3,107
Total			$	4,022					$	—					$	—					$	4,022

Schedule of Fair Value of Assets

The following table represents additional quantitative information about assets measured at fair value on a

recurring and nonrecurring basis and for which we have utilized Level 3 inputs to determine their fair value at

March 31, 2025 and December 31, 2024.

			Fair Value						Valuation Techniques (1)						Significant Unobservable Inputs (2)						Range
March 31, 2025
Foreclosed and repossessed assets, net			$	876					Appraisal value						Estimated costs to sell						10% - 15%
Collateral dependent loans			$	3,710					Appraisal value / Internal Collateral valuations						Estimated costs to sell						10% - 15%
December 31, 2024
Foreclosed and repossessed assets, net			$	915					Appraisal value						Estimated costs to sell						10% - 15%
Collateral dependent loans			$	3,107					Appraisal value / Internal Collateral valuations						Estimated costs to sell						10% - 15%

(1)     Fair value is generally determined through independent third-party appraisals of the underlying

collateral, which generally includes various level 3 inputs which are not observable.

(2)     The fair value basis of collateral depended loans, and real estate owned may be adjusted to reflect management                                                                                             estimates of disposal costs including, but not limited to, real estate brokerage commissions, legal fees, and delinquent property taxes.

Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments

The carrying amount and estimated fair value of the Company’s financial instruments as of the dates indicated below were as follows:

									March 31, 2025												December 31, 2024
			Valuation Method Used						Carrying Amount						Estimated Fair Value						Carrying Amount						Estimated Fair Value
Financial assets:
Cash and cash equivalents			(Level I)						$	100,199					$	100,199					$	50,172					$	50,172
Securities available for sale “AFS”			(Level II)						139,642						139,642						142,851						142,851
Securities held to maturity “HTM”			(Level II)						84,301						66,141						85,504						65,622
Farmer Mac equity securities			(Level I)						539						539						569						569
Preferred equity			(Level III)						1,362						1,362						1,362						1,362
Equity investments valued at NAV(1)			N/A						3,561						N/A						2,771						N/A
Other investments			(Level II)						12,496						12,496						12,500						12,500
Loans receivable, net			(Level III)						1,332,523						1,292,183						1,348,432						1,315,657
Loans held for sale - Residential mortgage			(Level I)						328						328						441						441
Loans held for sale - SBA /FSA			(Level II)						2,968						2,968						888						888
Mortgage servicing rights			(Level III)						3,583						5,090						3,663						5,227
Accrued interest receivable			(Level I)						5,926						5,926						5,653						5,653
Financial liabilities:
Deposits			(Level III)						$	1,523,654					$	1,523,290					$	1,488,148					$	1,487,492
FHLB advances			(Level II)						—						—						5,000						4,979
Other borrowings			(Level II)						61,664						59,139						61,606						58,625
Accrued interest payable			(Level I)						6,369						6,369						5,842						5,842

(1) Investments valued at NAV are excluded from being reported under the fair value hierarchy but are presented to permit reconciliation with the balance sheet in accordance with ASC 820-10-35-54B.

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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

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Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-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/2003/role/disclosureRef
-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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- 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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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://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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