XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Fair Value Measurements |
Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ |  | ​ | ​ |  | Quoted Prices |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | ​ | ​ | ​ | Assets | ​ | Inputs | ​ | Inputs
​ | ​ | Fair Value | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ | ​ | (In thousands)
March 31, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. government agencies | ​ | $ | 12,340 | ​ | $ | — | ​ | $ | 12,340 | ​ | $ | —
Subordinated Notes | ​ | ​ | 24,428 | ​ | ​ | — | ​ | ​ | 24,428 | ​ | ​ | —
State and municipal obligations | ​ | ​ | 193,075 | ​ | ​ | — | ​ | ​ | 193,075 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
U.S. government agencies | ​ | $ | 12,254 | ​ | $ | — | ​ | $ | 12,254 | ​ | $ | —
Subordinated Notes | ​ | ​ | 24,118 | ​ | ​ | — | ​ | ​ | 24,118 | ​ | ​ | —
State and municipal obligations | ​ | ​ | 204,259 | ​ | ​ | — | ​ | ​ | 204,259 | ​ | ​ | —
Schedule of fair value measurements of assets recognized in the accompanying consolidated balance sheets measured at fair value on a non-recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ |  | ​ | ​ |  | Quoted Prices |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Fair | ​ | Assets | ​ | Inputs | ​ | Inputs
​ | ​ | Value | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ | ​ | (In thousands)
March 31, 2025 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Collateral dependent loans | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Foreclosed assets held for sale | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  |
December 31, 2024 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Collateral dependent loans | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Foreclosed assets held for sale | ​ |  | 120 | ​ |  | — | ​ |  | — | ​ |  | 120
Schedule of quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value at |  | Valuation |  | Unobservable |  | ​ |
​ |  | 3/31/25 |  | Technique |  | Inputs |  | Range |
​ | ​ | (In thousands) |
Collateral-dependent loans | ​ | $ | — |  | Market comparable properties |  | Comparability adjustments |  | 5% – 10% | ​
Foreclosed assets held for sale | ​ |  | — |  | Market comparable properties |  | Marketability discount |  | 10% – 35% | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value at |  | Valuation |  | Unobservable |  | ​
​ | ​ | 12/31/24 | ​ | Technique | ​ | Inputs | ​ | Range
​ | ​ | (In thousands)
Collateral-dependent loans | ​ | $ | — |  | Market comparable properties |  | Comparability adjustments |  | 5% – 10%
Foreclosed assets held for sale | ​ | ​ | 120 |  | Market comparable properties |  | Marketability discount |  | 10% – 35%
Schedule of estimated fair values of company's financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ |  | ​ | ​ |  | Quoted Prices |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | Assets | ​ | Inputs | ​ | Inputs
​ | ​ | Amount | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ | ​ | (In thousands)
March 31, 2025: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 36,403 | ​ | $ | 36,403 | ​ | $ | — | ​ | $ | —
Loans, net of allowance | ​ |  | 492,771 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 475,232
Federal Home Loan Bank | ​ |  | 4,026 | ​ | ​ | — | ​ | ​ | 4,026 | ​ | ​ | —
Accrued interest receivable | ​ |  | 3,499 | ​ | ​ | — | ​ | ​ | 3,499 | ​ | ​ | —
​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | ​ | 624,081 | ​ | ​ | — | ​ | ​ | 622,690 | ​ | ​ | —
Securities sold under repurchase agreements | ​ | ​ | 37,565 | ​ | ​ | — | ​ | ​ | 37,805 | ​ | ​ | —
Subordinated debentures | ​ | ​ | 23,863 | ​ | ​ | — | ​ | ​ | 24,279 | ​ | ​ | —
Advance Federal Home Loan Bank | ​ | ​ | 75,000 | ​ | ​ | — | ​ | ​ | 75,205 | ​ | ​ | —
Interest payable | ​ |  | 612 | ​ | ​ | — | ​ | ​ | 612 | ​ | ​ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements Using
​ |  | ​ | ​ |  | Quoted Prices |  | ​ |  | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | Assets | ​ | Inputs | ​ | Inputs
​ | ​ | Amount | ​ | (Level 1) | ​ | (Level 2) | ​ | (Level 3)
​ | ​ | (In thousands)
December 31, 2024: |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |
​ |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |
Financial assets |  | ​ | ​ |  | ​ |  |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 19,608 | ​ | $ | 19,608 | ​ | $ | — | ​ | $ | —
Loans, net of allowance | ​ |  | 486,945 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 466,951
Federal Home Loan Bank stock | ​ |  | 4,026 | ​ | ​ | — | ​ | ​ | 4,026 | ​ | ​ | —
Accrued interest receivable | ​ |  | 4,322 | ​ | ​ | — | ​ | ​ | 4,322 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial liabilities | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ | ​ | 613,494 | ​ | ​ | — | ​ | ​ | 614,869 | ​ | ​ | —
Short term borrowings | ​ |  | 30,494 | ​ | ​ | — | ​ | ​ | 30,494 | ​ | ​ | —
Subordinated debentures | ​ |  | 23,847 | ​ | ​ | — | ​ | ​ | 24,386 | ​ | ​ | —
Advance Federal Home Loan Bank | ​ | ​ | 75,000 | ​ | ​ | — | ​ | ​ | 74,728 | ​ | ​ | —
Interest payable | ​ |  | 831 | ​ | ​ | — | ​ | ​ | 831 | ​ | ​ | —

X
- 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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://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 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration