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Fair Value Measurements and Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Measurements and Fair Values of Financial Instruments [Abstract]

Fair Value Measurements, Recurring

					(Level 1)			(Level 2)
					Quoted Prices in			Significant			(Level 3)
					Active Markets			Other			Significant
					for Identical			Observable			Unobservable
Description		Total			Assets			Inputs			Inputs
		(In Thousands)
As of December 31, 2025:
Securities Available-for-Sale
Debt Securities Available-for-Sale		$	126,395		$	-		$	126,395		$	-
Marketable Equities			9,172			9,172			-			-
Total Securities Available-for-Sale		$	135,567		$	9,172		$	126,395		$	-
As of December 31, 2024:
Securities Available for Sale
Debt Securities Available-for-Sale		$	101,717		$	-		$	101,717		$	-
Marketable Equities			9,472			9,472			-			-
Total Securities Available-for-Sale		$	111,189		$	9,472		$	101,717		$	-

Fair Value Measurements, Nonrecurring

					(Level 1)			(Level 2)
					Quoted Prices in			Significant			(Level 3)
					Active Markets			Other			Significant
					for Identical			Observable			Unobservable
Description		Total			Assets			Inputs			Inputs
		(In Thousands)
As of December 31, 2025:
Individually Evaluated Loans		$	20,206		$	-		$	-		$	20,206
Other real estate owned		$	5,000		$	-		$	-		$	5,000
As of December 31, 2024:
Individually Evaluated Loans		$	19,391		$	-		$	-		$	19,391

Quantitative Information About Level 3 Fair Value Measurements

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value, (Dollars in thousands):

Quantitative Information about Level 3 Fair Value Measurements
		Fair Value	Valuation	Unobservable	Range
		Estimate	Techniques	Input
December 31, 2025:
Individually Evaluated Loans	$	20,206	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%
Other Real Estate Owned	$	5,000	Appraisal of collateral (1)	Appraisal adjustments (2)	5%

Quantitative Information about Level 3 Fair Value Measurements
		Fair Value	Valuation	Unobservable	Range
		Estimate	Techniques	Input
December 31, 2024:
Individually Evaluated Loans	$	19,391	Appraisal of collateral (1)	Appraisal adjustments (2)	0%-10%

(1)Fair value is generally determined through independent appraisals or broker opinion of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2)Appraisals or broker opinion may be adjusted by management for qualitative factors such as age of appraisal, expected condition of property, economic conditions, and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Carrying Values and Estimated Fair Values of Financial Instruments

			As of December 31, 2025
								Quoted Prices in Active			Significant			Significant
		Carrying						Markets for Identical Assets			Other Observable Inputs			Unobservable Inputs
		Value			Fair Value			(Level 1)			(Level 2)			(Level 3)
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	276,584		$	276,584		$	276,584		$	-		$	-
Interest-earning time deposits			735			735			-			735			-
Debt securities available-for-sale			126,395			126,395			-			126,395			-
Equity investments			9,172			9,172			9,172			-			-
Loans receivable, net			2,691,091			2,643,200			-			-			2,643,200
FHLB of New York stock, at cost			14,176			14,176			-			14,176			-
Accrued interest receivable			13,834			13,834			-			13,834			-
Financial liabilities:
Deposits			2,673,573			2,674,494			1,702,109			972,385			-
Debt			235,000			236,514			-			236,514			-
Subordinated debentures			43,210			40,034			-			40,034			-
Accrued interest payable			4,056			4,056			-			4,056			-

			As of December 31, 2024
								Quoted Prices in Active			Significant			Significant
		Carrying						Markets for Identical Assets			Other Observable Inputs			Unobservable Inputs
		Value			Fair Value			(Level 1)			(Level 2)			(Level 3)
		(In Thousands)
Financial assets:
Cash and cash equivalents		$	317,282		$	317,282		$	317,282		$	-		$	-
Interest-earning time deposits			735			735			-			735			-
Debt securities available-for-sale			101,717			101,717			-			101,717			-
Equity investments			9,472			9,472			9,472			-			-
Loans held for sale			-			-			-			-			-
Loans receivable, net			2,996,259			2,900,892			-			-			2,900,892
FHLB of New York stock, at cost			24,272			24,272			-			24,272			-
Accrued interest receivable			15,176			15,176			-			15,176			-
Financial liabilities:
Deposits			2,750,858			2,751,625			1,721,602			1,030,023			-
Debt			455,361			456,290			-			456,290			-
Subordinated debentures			42,961			41,594			-			41,594			-
Accrued interest payable			5,195			5,195			-			5,195			-

+

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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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

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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.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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).

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