Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Measurements

Schedule of assets and liabilities measured at fair value on a recurring basis

September 30, 2025

Total

Fair Value Measurements

Estimated

(in thousands)

Level 1

Level 2

Level 3

Fair Value

Investment Securities Available-for-Sale

U.S. Government Agencies

—

994

—

994

Mortgage-Backed Securities

—

85,631

—

85,631

Collateralized Mortgage Obligations

—

2,064

—

2,064

Corporate Bonds

—

12,000

—

12,000

Total

—

100,689

—

100,689


	December 31, 2024
							Total
	Fair Value Measurements						Estimated
(in thousands)	Level 1		Level 2		Level 3		Fair Value
Investment Securities Available-for-Sale
U.S. Government Agencies	$	—	$	996	$	—	$	996
Mortgage-Backed Securities		—		85,419		—		85,419
Collateralized Mortgage Obligations				2,322		—		2,322
Corporate Bonds		—		4,250		—		4,250

Total	$	—	$	92,987	$	—	$	92,987

Schedule of assets and liabilities measured at fair value on a non-recurring basis


	September 30, 2025
							Total
	Fair Value Measurements						Estimated
(in thousands)	Level 1		Level 2		Level 3		Fair Value
Assets
Collateral Dependent Loans	$	—	$	—	$	1,308	$	1,308
Real Estate Owned		—		—		42		42

Total	$	—	$	—	$	1,350	$	1,350


	December 31, 2024
							Total
	Fair Value Measurements						Estimated
(in thousands)	Level 1		Level 2		Level 3		Fair Value
Assets
Collateral Dependent Loans	$	—	$	—	$	1,075	$	1,075
Real Estate Owned		—		—		42		42

Total	$	—	$	—	$	1,117	$	1,117

Schedule of significant unobservable inputs used in the fair value measurement of Level 3 assets


	Valuation	Unobservable	Range of	Weighted Average
September 30, 2025	Technique	Inputs	Discount	Discount
Collateral Dependent Loans	Third-party appraisals and discounted cash flows	Collateral discounts and estimated costs to sell	6% - 10%	6%
Real Estate Owned	Third-party appraisals, sales contracts or brokered price options	Collateral discounts and estimated costs to sell	6% - 10%	6%


	Valuation	Unobservable	Range of	Weighted Average
December 31, 2024	Technique	Inputs	Discount	Discount
Collateral Dependent Loans	Third-party appraisals and discounted cash flows	Collateral discounts and estimated costs to sell	6% - 10%	6%
Real Estate Owned	Third-party appraisals, sales contracts or brokered price options	Collateral discounts and estimated costs to sell	6% - 10%	6%

Schedule of carrying amount and estimated fair value of financial instruments

September 30, 2025

Carrying

Fair Value Measurements

(in thousands)

Value

Level 1

Level 2

Level 3

Financial Assets

Cash and Cash Equivalents

34,380

—

Investment Securities Available-for-Sale

100,689

—

100,689

—

Restricted Stock

929

—

929

Loans Receivable, Net

379,290

—

329,489

Financial Liabilities

Deposits

396,174

—

358,206


	December 31, 2024
	Carrying		Fair Value Measurements
(in thousands)	Value		Level 1		Level 2		Level 3
Financial Assets
Cash and Cash Equivalents	$	37,916	$	37,916	$	—	$	—
Investment Securities Available-for-Sale		92,987		—		92,987		—
Restricted Stock		910		—		—		910
Loans Receivable, Net		367,333		—		—		308,645

Financial Liabilities
Deposits		391,476		—		—		351,041

Fifth District Bancorp, Inc. 10-Q