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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Sep. 30, 2025
FAIR VALUE MEASUREMENTS |
Schedule of fair values of assets and liabilities measured on a recurring and nonrecurring basis | Fair values of assets and liabilities measured on a recurring basis at September 30, 2025 and December 31, 2024 follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at Reporting Date Using
(Dollars in thousands) |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2025 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Securities available-for-sale: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities | ​ | $ | 43,302 | ​ | $ | - | ​ | $ | 43,302 | ​ | $ | -
Municipal obligations | ​ | ​ | 1,551 | ​ | ​ | - | ​ | ​ | 1,551 | ​ | ​ | -
Total | ​ | $ | 44,853 | ​ | $ | - | ​ | $ | 44,853 | ​ | $ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Securities available-for-sale: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities | ​ | $ | 27,202 | ​ | $ | - | ​ | $ | 27,202 | ​ | $ | -
Municipal obligations | ​ | ​ | 1,510 | ​ | ​ | - | ​ | ​ | 1,510 | ​ | ​ | -
Total | ​ | $ | 28,712 | ​ | $ | - | ​ | $ | 28,712 | ​ | $ | -
​ ​ Fair values of assets and liabilities measured on a nonrecurring basis at September 30, 2025 and December 31, 2024 follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at Reporting Date Using
(Dollars in thousands) |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2025 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Loans individually evaluated for credit losses | ​ | $ | 160 | ​ | $ | - | ​ | $ | - | ​ | $ | 160
Foreclosed assets | ​ | ​ | 76 | ​ |  | - | ​ |  | - | ​ |  | 76
Total | ​ | $ | 236 | ​ | $ | - | ​ | $ | - | ​ | $ | 236
December 31, 2024 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans individually evaluated for credit losses | ​ | $ | 314 | ​ | $ | - | ​ | $ | - | ​ | $ | 314
Foreclosed assets | ​ | ​ | 194 | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 194
Total | ​ | $ | 508 | ​ | $ | - | ​ | $ | - | ​ | $ | 508
Schedule of significant unobservable inputs and valuation technique | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | Fair Value | ​ | Valuation Technique | ​ | Unobservable Inputs | ​ | Range of Discounts | ​ | Weighted Average Discount
September 30, 2025 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​
Loans individually evaluated for credit losses | ​ | $ | 160 | ​ | Third party appraisals | ​ | Market discounts and estimated costs to sell | ​ | 6% | - | 30% | ​ | 24%
Foreclosed assets | ​ | ​ | 76 | ​ | Third party appraisals and sales contracts | ​ | Market discounts and estimated costs to sell | ​ | 6% | - | 100% | ​ | 49%
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​
Loans individually evaluated for credit losses | ​ | $ | 314 | ​ | Third party appraisals | ​ | Market discounts and estimated costs to sell | ​ | 0% | - | 30% | ​ | 18%
Foreclosed assets | ​ | ​ | 194 | ​ | Third party appraisals and sales contracts | ​ | Market discounts and estimated costs to sell | ​ | 6% | - | 54% | ​ | 22%
​
Schedule of estimated fair values of the financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025
(Dollars in thousands) |  | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​ |
Cash and cash equivalents | ​ | $ | 37,271 | ​ | $ | 37,271 | ​ | $ | 37,271 |  | $ | - |  | $ | -
Investment securities: | ​ |  |  | ​ |  |  | ​ |  |  |  |  |  |  |  |
Available-for-sale | ​ |  | 44,853 | ​ |  | 44,853 | ​ |  | - |  |  | 44,853 |  |  | -
Held-to-maturity | ​ |  | 14,945 | ​ |  | 13,464 | ​ |  | - |  |  | 13,464 |  |  | -
Loans receivable, net | ​ |  | 162,370 | ​ |  | 157,811 | ​ |  | - |  |  | - |  |  | 157,811
Bank-owned life insurance | ​ | ​ | 14,849 | ​ | ​ | 14,849 | ​ | ​ | - | ​ | ​ | 14,849 | ​ | ​ | -
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  |  |  |  |  |  |
Deposits | ​ |  | 186,372 | ​ |  | 186,012 | ​ |  | 127,300 |  |  | 58,712 |  |  | -
Borrowed funds | ​ |  | 14,693 | ​ |  | 14,466 | ​ |  | - |  |  | 14,466 |  |  | -
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
(Dollars in thousands) |  | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  |  |  |  |  |
Cash and cash equivalents | ​ | $ | 44,295 | ​ | $ | 44,295 | ​ | $ | 44,295 |  | $ | - |  | $ | -
Investment securities: | ​ |  |  | ​ |  |  | ​ |  |  |  |  |  |  |  |
Available-for-sale | ​ |  | 28,712 | ​ |  | 28,712 | ​ |  | - |  |  | 28,712 |  |  | -
Held-to-maturity | ​ |  | 13,447 | ​ |  | 11,284 | ​ |  | - |  |  | 11,284 |  |  | -
Loans receivable, net | ​ |  | 164,554 | ​ |  | 161,412 | ​ |  | - |  |  | - |  |  | 161,412
Bank-owned life insurance | ​ | ​ | 14,489 | ​ | ​ | 14,489 | ​ | ​ | - | ​ | ​ | 14,489 | ​ | ​ | -
Financial Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  |  |  |  |  |  |
Deposits | ​ |  | 185,674 | ​ |  | 185,087 | ​ |  | 124,983 |  |  | 60,104 |  |  | -
Borrowed funds | ​ |  | 9,558 | ​ |  | 9,069 | ​ |  | - |  |  | 9,069 |  |  | -

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