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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Measurements

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]


		Carrying Value
(In thousands)		Level 1			Level 2			Level 3			Total

June 30, 2025
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	—		$	69,525		$	—		$	69,525
Agency CMO			—			72,204			—			72,204
Agency notes and bonds			—			107,014			—			107,014
Treasury notes and bonds			8,784			—			—			8,784
Municipal obligations			—			138,062			—			138,062
Total securities available for sale		$	8,784		$	386,805		$	—		$	395,589

Equity securities		$	864		$	—		$	—			864

Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
Commercial Business		$	—		$	—		$	573		$	573
1-4 Family Residential Construction			—			—			37			37
Total collateral dependent loans		$	—		$	—		$	610		$	610


		Carrying Value
(In thousands)		Level 1			Level 2			Level 3			Total
December 31, 2024
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	—		$	67,941		$	—		$	67,941
Agency CMO			—			47,518			—			47,518
Agency notes and bonds			—			118,080			—			118,080
Treasury notes and bonds			21,549			—			—			21,549
Municipal obligations			—			134,155			—			134,155
Total securities available for sale		$	21,549		$	367,694		$	—		$	389,243

Equity securities		$	886		$	—		$	—			886

Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
Commercial Business		$	—		$	—		$	693		$	693
1-4 Family Residential Construction			—			—			36			36
Total collateral dependent loans		$	—		$	—		$	729		$	729

Fair Value, by Balance Sheet Grouping [Table Text Block]


		Carrying			Fair			Fair Value Measurements Using
(In thousands)		Value			Value			Level 1			Level 2			Level 3

June 30, 2025:
Financial assets:
Cash and cash equivalents		$	134,595		$	134,595		$	134,595		$	—		$	—
Interest-bearing time deposits			2,205			2,236			—			2,236			—
Securities available for sale			395,589			395,589			8,784			386,805			—
Securities held to maturity			7,000			5,243			—			5,243			—
Loans held for sale			1,593			1,635			—			1,635			—
Loans, net			649,174			620,561			—			—			620,561
FHLB and other restricted stock			1,836			N/A			N/A			N/A			N/A
Accrued interest receivable			4,642			4,642			—			4,642			—
Equity securities (included in other assets)			864			864			864			—			—

Financial liabilities:
Deposits			1,110,627			1,110,756			890,569			—			220,187
Accrued interest payable			2,211			2,211			—			2,211			—

December 31, 2024:
Financial assets:
Cash and cash equivalents		$	105,917		$	105,917		$	105,917		$	—		$	—
Interest-bearing time deposits			2,695			2,725			—			2,725			—
Securities available for sale			389,243			389,243			21,549			367,694			—
Securities held to maturity			7,000			4,591			—			4,591			—
Loans held for sale			472			477			—			477			—
Loans, net			631,199			628,057			—			—			628,057
FHLB and other restricted stock			1,836			N/A			N/A			N/A			N/A
Accrued interest receivable			4,575			4,575			—			4,575			—
Equity securities (included in other assets)			886			886			886			—			—

Financial liabilities:
Deposits			1,066,439			1,065,687			866,559			—			199,128
Accrued interest payable			1,922			1,922			—			1,922			—