Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|---|---|---|---|
| Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest | $ 12,381 | $ 11,460 | $ 10,896 |
| Common Stock, No Par Value (in dollars per share) | $ 0 | $ 0 | |
| Common Stock, Shares Authorized (in shares) | 50,000,000 | 50,000,000 | |
| Common Stock, Shares, Issued (in shares) | 8,388,221 | 8,357,211 | |
| Common Stock, Shares, Outstanding (in shares) | 8,388,221 | 8,357,211 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Net income | $ 23,913 | $ 24,948 |
| Other comprehensive income (loss): | ||
| Unrealized holding gain arising during the period | 7,135 | (6,337) |
| Less: reclassification for net losses (gains) included in net income | 4 | (114) |
| Other comprehensive income (loss), before tax | 7,139 | (6,451) |
| Tax (expense) benefit related to items of other comprehensive income | (2,111) | 1,907 |
| Total other comprehensive income (loss) | 5,028 | (4,544) |
| Comprehensive income | $ 28,941 | $ 20,404 |
Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.6 | $ 0.45 |
Award Timing Disclosure |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Statement [Table] | |
| Award Timing MNPI Disclosure [Text Block] |
The information required by this Item is incorporated by reference to the Section entitled “Executive Compensation Discussion and Analysis” in our Proxy Statement to be filed prior to the 2026 Annual Meeting of Shareholders. |
| Award Timing MNPI Considered [Flag] | false |
Insider Trading Arrangements |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Trading Arrangements, by Individual [Table] | |
| Material Terms of Trading Arrangement [Text Block] |
Insider Adoption or Termination of Trading Arrangements
During the quarter ended December 31, 2025, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company informed us of the adoption or termination of any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (in each case, as defined in Item 408 of Regulation S-K). |
| Rule 10b5-1 Arrangement Adopted [Flag] | false |
| Rule 10b5-1 Arrangement Terminated [Flag] | false |
| Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
| Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Insider Trading Policies and Procedures |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Insider Trading Policies and Procedures [Line Items] | |
| Insider Trading Policies and Procedures Adopted [Flag] | true |
Cybersecurity Risk Management and Strategy Disclosure |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Cybersecurity Risk Management, Strategy, and Governance [Line Items] | |
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] |
Cybersecurity risk management and strategy
The BOD and IT Steering committee are primarily responsible for monitoring management’s implementation of operations and technology risk controls, including those relating to cyber security and information security. The Company maintains a data protection and information security program designed to ensure adequate governance and oversight is in place while evolving to meet changes in applicable laws and regulations, and best practices. The Company’s information security controls and programs are designed to align with the National Institute of Standards and Technology (“NIST”) standards for cybersecurity and the Federal Financial Institutions Examination Council (“FFIEC”) examination guidelines, along with applicable privacy laws.
Information Security is the responsibility of the officers, employees, and agents of the Company with oversight by the Board of Directors (“BOD”). Our investment in people is critical to maintaining an effective cyber defense, which begins by developing and maintaining a robust Information Security function within the First Line. The Company’s Chief Information Officer (“CIO") has over 25 years of network architecture, information technology and cybersecurity experience. Collectively, the Company’s senior leadership in this area have nearly 80 years of experience. Each Company employee is responsible for an effective cybersecurity defense which is enforced with mandatory interactive cyber awareness training, periodic newsletters, executive security briefs and updates. Additionally, the BOD is informed about cybersecurity and the relevant risks posed to the Company via regular updates from the Company’s CIO. The BOD is regularly informed and actively oversees the data security and privacy program and its policies. The BOD also receives regular education on innovative technology, cybersecurity, information systems/data management, fintech and privacy.
Cybersecurity assessments
The Company engages external third parties to perform assessments on our adherence to the FFIEC’s recommendations on cyber preparedness and NIST Cybersecurity Framework, as well as to review for best practices for the use of cloud services and FedLine requirements. To validate the effectiveness of the Company’s overall information security controls, external third parties also perform full-scope external and internal penetration testing designed to mimic the tactics used by individual hackers or criminal hacking organizations. The Company also engages external third parties to perform ongoing adversarial simulation.
The Company conducts regular internal cybersecurity assessments intended to measure inherent risk and drive the adjustment of our security posture according to the latest threats. These assessments include alignment with the FFIEC’s recommendations on cyber preparedness and GLBA Safeguards Rule to protect user data. The Company performs continuous internal and external vulnerability scanning to measure and react to new vulnerabilities and seeks conformance to industry best practices for both cloud-based and on-premises technology. The Company reviews vendor and partner security practices to ensure they maintain proper information security safeguards.
Cybersecurity operational measures
Led by our CIO, the Company's data protection, information, cyber and technology services team collaborates with subject-matter experts throughout the business to identify, monitor and mitigate material risks, as well as to monitor compliance with the Company’s security polices, applicable laws and regulations. The Company’s security monitoring team manages the security of our systems through the ingestion of multiple external threat feeds and systems logs. Through the collection and integration of security-related IT infrastructure information, external threat intelligence and the expertise of trained security analysts, the Company works to identify and address potential indicators of compromise. Potential security events are identified and addressed through defined IT incident response activities and with support of the Company’s Incident Response Plan. The Incident Response Plan is in place and updated regularly with the intent to reduce impacts to clients and the Company caused by a declared cyber incident, such as an event involving malicious code, unauthorized disclosure, loss of information or unauthorized use of information or systems. The Incident Response Plan organizes resources to manage and resolve events that harm or threaten the security of information assets. The Incident Response Plan includes involvement of the Company’s Executive Leadership Team and BOD based on the severity of a cyber event, including the analysis of reporting requirements. The Incident Response Plan is tested annually and includes technical and executive management in simulated crisis management cybersecurity tabletop exercises.
|
| Cybersecurity Risk Management Processes Integrated [Flag] | true |
| Cybersecurity Risk Management Processes Integrated [Text Block] | Cybersecurity and risks associated with information security are operational risks included in the Company’s Enterprise Risk Management (“ERM”) Framework. Under the ERM Framework, the Company’s Information Technology department and all employees are the first line of defense (“First Line”). Those in the First Line are each responsible for identifying and managing the information security risk associated with their activities. The Company’s IT Steering Committee is part of the independent risk oversight of information security risk along with the Company’s Compliance and ERM Committees, both of which are management risk oversight committees. |
| Cybersecurity Risk Management Third Party Engaged [Flag] | true |
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] | As of the date of this report, other than the risks discussed in “Risk Factors,” the Company knows of no risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect the Company, including its business strategy, results of operations, or financial condition. |
| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | The BOD and IT Steering committee are primarily responsible for monitoring management’s implementation of operations and technology risk controls, including those relating to cyber security and information security. The Company maintains a data protection and information security program designed to ensure adequate governance and oversight is in place while evolving to meet changes in applicable laws and regulations, and best practices. The Company’s information security controls and programs are designed to align with the National Institute of Standards and Technology (“NIST”) standards for cybersecurity and the Federal Financial Institutions Examination Council (“FFIEC”) examination guidelines, along with applicable privacy laws. |
| Cybersecurity Risk Role of Management [Text Block] | Information Security is the responsibility of the officers, employees, and agents of the Company with oversight by the Board of Directors (“BOD”). Our investment in people is critical to maintaining an effective cyber defense, which begins by developing and maintaining a robust Information Security function within the First Line. The Company’s Chief Information Officer (“CIO") has over 25 years of network architecture, information technology and cybersecurity experience. Collectively, the Company’s senior leadership in this area have nearly 80 years of experience. Each Company employee is responsible for an effective cybersecurity defense which is enforced with mandatory interactive cyber awareness training, periodic newsletters, executive security briefs and updates. Additionally, the BOD is informed about cybersecurity and the relevant risks posed to the Company via regular updates from the Company’s CIO. The BOD is regularly informed and actively oversees the data security and privacy program and its policies. The BOD also receives regular education on innovative technology, cybersecurity, information systems/data management, fintech and privacy. |
| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true |
| Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | Information Security is the responsibility of the officers, employees, and agents of the Company with oversight by the Board of Directors (“BOD”). Our investment in people is critical to maintaining an effective cyber defense, which begins by developing and maintaining a robust Information Security function within the First Line. The Company’s Chief Information Officer (“CIO") has over 25 years of network architecture, information technology and cybersecurity experience. Collectively, the Company’s senior leadership in this area have nearly 80 years of experience. Each Company employee is responsible for an effective cybersecurity defense which is enforced with mandatory interactive cyber awareness training, periodic newsletters, executive security briefs and updates. Additionally, the BOD is informed about cybersecurity and the relevant risks posed to the Company via regular updates from the Company’s CIO. The BOD is regularly informed and actively oversees the data security and privacy program and its policies. The BOD also receives regular education on innovative technology, cybersecurity, information systems/data management, fintech and privacy. |
| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | Information Security is the responsibility of the officers, employees, and agents of the Company with oversight by the Board of Directors (“BOD”). Our investment in people is critical to maintaining an effective cyber defense, which begins by developing and maintaining a robust Information Security function within the First Line. The Company’s Chief Information Officer (“CIO") has over 25 years of network architecture, information technology and cybersecurity experience. Collectively, the Company’s senior leadership in this area have nearly 80 years of experience. Each Company employee is responsible for an effective cybersecurity defense which is enforced with mandatory interactive cyber awareness training, periodic newsletters, executive security briefs and updates. Additionally, the BOD is informed about cybersecurity and the relevant risks posed to the Company via regular updates from the Company’s CIO. The BOD is regularly informed and actively oversees the data security and privacy program and its policies. The BOD also receives regular education on innovative technology, cybersecurity, information systems/data management, fintech and privacy. |
| Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true |
Note 1 - Summary of Accounting Policies |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Significant Accounting Policies [Text Block] |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 1 — SUMMARY OF ACCOUNTING POLICIES
Nature of Operations
Oak Valley Bancorp (“the Company”, “us”, “our”) is the parent holding company for Oak Valley Community Bank (the “Bank”), a California state-chartered bank. The consolidated financial statements include the accounts of the parent company and its wholly-owned bank subsidiary. Unless otherwise stated, the “Company” refers to the consolidated entity, Oak Valley Bancorp, while the “Bank” refers to Oak Valley Community Bank. All material intercompany transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. There was no effect on net income or shareholders’ equity as previously reported as a result of reclassifications. In the opinion of Management, the consolidated financial statements contain all adjustments necessary to present fairly the financial position, results of operations, changes in shareholders’ equity and cash flows. All adjustments are of a normal, recurring nature.
The Company was incorporated under the laws of the State of California on May 31, 1990 and began operations in Oakdale on May 28, 1991. The Company operates branches in Oakdale, Sonora, Bridgeport, Bishop, Mammoth Lakes, Modesto, Manteca, Patterson, Turlock, Ripon, Stockton, Escalon, Sacramento, Roseville, and Lodi California. The Bridgeport, Mammoth Lakes, and Bishop branches operate as a separate division, Eastern Sierra Community Bank. The Company’s primary source of revenue is providing loans to customers who are predominantly middle-market businesses.
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates reflected in the Company’s consolidated financial statements include the allowance for credit losses, accounting for income taxes, fair value measurements and goodwill impairment. Actual results could differ from these estimates.
A summary of the significant accounting policies applied in the preparation of the accompanying consolidated financial statements follows.
Subsequent events — The Company has evaluated events and transactions subsequent to December 31, 2025 through the date of the filing for potential recognition or disclosure.
Cash and cash equivalents — The Company has defined cash and cash equivalents to include cash, due from banks, certificates of deposit with original maturities of three months or less, and federal funds sold. Generally, federal funds are sold for one-day periods. At times throughout the year, balances can exceed FDIC insurance limits.
Securities available for sale — Available-for-sale securities consist of bonds, notes, and debentures not classified as trading securities or held-to-maturity securities. Available-for-sale securities with unrealized holding gains and losses are reported as an amount in accumulated other comprehensive income, net of tax. Gains and losses on the sale or call of available-for-sale securities are determined using the specific identification method. The amortization of premiums and accretion of discounts are recognized as adjustments to interest income over the period to maturity, except for premiums on securities with call dates which are amortized to the earliest call date.
Consistent with ASC Topic 825-10, equity securities consist of those securities with readily determinable fair value and are carried at fair value with the changes in fair value recognized in the consolidated statements of income.
For available-for-sale debt securities in an unrealized loss position, management evaluates whether the decline in fair value is a reflection of credit deterioration or other factors. In performing this evaluation, management considers the extent which fair value has fallen below amortized cost, changes in ratings by rating agencies, and other information indicating a deterioration in repayment capacity of either the underlying issuer or the borrowers providing repayment capacity in a securitization. If management’s evaluation indicates that a credit loss exists then a present value of the expected cash flows is calculated and compared to the amortized cost basis of the security in question and to the degree that the amortized cost basis exceeds the present value an allowance for credit loss (“ACL”) is established, with the caveat that the maximum amount of the reserve on any individual security is the difference between the fair value and amortized cost balance of the security in question. Any unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income.
The unrealized losses are due primarily to rising market yields and not due to credit deterioration. As such, ACL on available-for-sale securities has been established as of December 31, 2025 and 2024. The Company does not intend to sell the securities and it is not likely that the Company will be required to sell the securities before the earlier of the forecasted recovery or the maturity of the underlying investment security.
Loans originated — Loans are reported at the principal amount outstanding, net of unearned income, deferred loan fees, and the allowance for credit losses. Unearned discounts on installment loans are recognized as income over the terms of the loans. Interest on other loans is calculated by using the simple interest method on the daily balance of the principal amount outstanding.
Loan fees net of certain direct costs of origination are deferred and amortized, as an adjustment to interest yield, over the estimated life of the loan.
Loans on which the accrual of interest has been discontinued are designated as non-accrual loans. Accrual of interest on loans is discontinued either when reasonable doubt exists as to the full and timely collection of interest or principal or when a loan becomes contractually past due by ninety days or more with respect to interest or principal. When a loan is placed on non-accrual status, all interest previously accrued, but not collected, is reversed against current period interest income. Income on such loans is then recognized only to the extent that cash is received and where the future collection of principal is probable. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest.
Allowance for credit losses (“ACL”) — Under ASC topic 326, the allowance for credit losses is deducted from the amortized cost basis to present the net amount expected to be collected on the loans. The measurement of expected credit losses is based on relevant information, which includes experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount over the remaining contractual life. The Company’s ACL is calculated monthly, with any difference in the calculated ACL and the recorded ACL trued-up through an entry to the provision for credit losses. Management calculates the quantitative portion of collectively evaluated reserves for all loan categories, using a discounted cash flow (“DCF”) methodology. For purposes of estimating the Company’s ACL, management generally evaluates collectively evaluated loans by federal call code in order to group loans with similar risk characteristics together, however management has grouped loans in selected call codes together in determining portfolio segments, due to similar risk characteristics and reserve methodologies used for certain call code classifications.
The DCF quantitative reserve methodology incorporates the consideration of probability of default (“PD”) and loss given default (“LGD”) estimates to calculate expected lifetime losses. The PD estimates are derived using reasonable and supportable economic forecasts and historical loss rate data from both the bank and a selected peer group. The historical loss rate data is compared to identified benchmark economic indicators to create a regression model that is updated annually. Reasonable and supportable forecasts for the identified economic indicators are then incorporated to arrive at expected default rates for the various loan categories. The reasonable and supportable forecasts are based on the National Unemployment Rate and Real Gross Domestic Product. The expected default rates are then applied to expected monthly loan balances estimated through the consideration of contractual terms and expected prepayments. The Company utilizes a four-quarter forecast period, after which the expected default rates revert to the historical average, over a four-quarter reversion period, on a straight-line basis. The prepayment assumptions are estimated based on historical experience of the bank. The prepayment assumptions are updated quarterly and may be subject to additional updates by Management in the event that changing conditions impact Management’s estimate. LGD utilized in the DCF is derived from the application of models that correlate LGD and PD based on historical peer data.
Management recognizes that there are additional factors impacting risk of loss in the loan portfolio beyond what is captured in the quantitative portion of collectively evaluated reserves. As current and expected conditions, may vary compared with conditions over historical periods, which are utilized in the calculation of quantitative reserves, management considers whether additional or reduced reserve levels on collectively evaluated loans may be warranted given the consideration of a variety of qualitative factors. Several of the following qualitative factors (“Q-factors”) considered by management reflect regulatory guidance on Q-factors, whereas several others represent factors unique to the Company or unique to the current time period.
The qualitative portion of the Company’s reserves on collectively evaluated loans are calculated using a combination of numeric frameworks, matrices defining reserve rate based on specified metrics, and management judgement, to determine risk categorizations in each of the Q-factors presented above. The amount of qualitative reserves is also contingent upon the relative weighting of Q-factors according to management’s judgement.
Loans identified as losses by management and internal loan review are charged-off. Furthermore, consumer loan accounts are charged-off automatically based on regulatory requirements.
Accrued interest receivable for loans is included in the “Interest receivable and other assets” line item on the Company’s Consolidated Balance Sheet. The Company elected not to measure an allowance for accrued interest receivable and instead elected to reverse accrued interest income on loans that are placed on nonaccrual status. The Company believes this policy results in the timely reversal of uncollectible interest.
The method for calculating the allowance for unfunded loan commitments is based on applying an estimated funding rate to the unfunded loan commitment balance to determine a projected cashflow schedule. Then the quantitative loan loss rate from each loan pool as calculated in the DCF model described above is used to calculate the allowance for unfunded loan commitments which is included in interest payable and other liabilities on the consolidated balance sheet.
Premises and equipment — Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are provided for in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives using the straight-line basis. The estimated lives used in determining depreciation and amortization are:
Leasehold improvements are amortized over the lesser of the useful life of the asset or the remaining term of the lease. The straight-line method of depreciation is followed for all assets for financial reporting purposes, but accelerated methods are used for tax purposes. Deferred income taxes have been provided for the resulting temporary differences.
Income taxes — Deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled using the liability method. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.
The Company files income tax returns in the U.S. federal jurisdiction, and the State of California. With few exceptions, the Company is no longer subject to U.S. federal tax examinations by tax authorities for years before or to state/local income tax examinations by tax authorities for years before .
Low Income Housing Tax Credits (“LIHTC”) — The Company has invested in certain tax-advantaged projects promoting affordable housing, new markets, and historic rehabilitation. These investments are designed to generate returns primarily though the realization of federal and state income tax credits and other tax benefits, such as tax deductions from operating losses of the investments, over specified time periods. These investments involve significant management judgments, including a determination of which entities have the power to direct activities, and whether these entities are variable interest entities. The Company is required to evaluate whether to consolidate a variable interest entity at both inception and on an ongoing basis. The Company is not required to consolidate variable interest entities in which it has concluded it does not have a controlling financial interest and is not the primary beneficiary. The Company’s maximum exposure to loss related to its investments in these unconsolidated variable interest entities is limited to the carrying amount of the investment, net of any unfunded capital commitments and previously recorded tax credits which remain subject to recapture by taxing authorities based on compliance features required to be met at the project level. The Company believes potential losses from these investments are remote.
The Company has elected to apply the proportional amortization method in accounting for investments in LIHTCs. Income tax credits and other tax benefits, net of investment amortization, were included as a component of the Company’s estimated annual effective tax rate used for the calculation of income taxes presented on the Consolidated Statements of Income.
For additional information regarding these investments, see “Note 20 – Variable Interest Entities.”
Transfers of financial assets — Transfers of an entire financial asset, a group of financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that contain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Advertising costs — The Company expenses advertising costs as they are incurred. Advertising expense was $1,047,000 and $922,000 for the years ended December 31, 2025 and 2024, respectively.
Comprehensive income — Comprehensive income is comprised of net income and other comprehensive income (loss). Other comprehensive income (loss) includes items previously recorded directly to shareholders’ equity, such as unrealized gains and losses on securities available for sale. Comprehensive income is presented in the statements of comprehensive income and as a component of shareholders’ equity. For the years ended December 31, 2025 and 2024, a loss of $4,000 and a gain of $80,000, net of tax, respectively, was reclassified from comprehensive income into net income related to called and sold available for sale securities.
Federal Reserve Bank Stock — Federal Reserve Bank stock represents the Company’s investment in the stock of the Federal Reserve Bank (“FRB”) and is carried at par value, which reasonably approximates its fair value. While technically these are considered equity securities, there is no market for the FRB stock. Therefore, the shares are considered as restricted equity securities. Management periodically evaluates FRB stock for other-than-temporary impairment. Management’s determination of whether these investments are impaired is based on its assessment of the ultimate recoverability of cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of cost is influenced by criteria such as (1) the significance of any decline in net assets of the FRB as compared to the capital stock amount for the FRB and the length of time this situation has persisted, (2) commitments by the FRB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FRB, (3) the impact of legislative and regulatory changes on institutions and, accordingly, the customer base of the FRB, and (4) the liquidity position of the FRB. This investment is reflected as a component of interest receivable and other assets on the consolidated balance sheets.
Federal Home Loan Bank Stock — Federal Home Loan Bank stock represents the Company’s investment in the stock of the Federal Home Loan Bank of San Francisco (“FHLB”) and is carried at par value, which reasonably approximates its fair value. While technically these are considered equity securities, there is no market for the FHLB stock. Therefore, the shares are considered as restricted equity securities. Management periodically evaluates FHLB stock for other-than-temporary impairment. Management’s determination of whether these investments are impaired is based on its assessment of the ultimate recoverability of cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of cost is influenced by criteria such as (1) the significance of any decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB, (3) the impact of legislative and regulatory changes on institutions and, accordingly, the customer base of the FHLB, and (4) the liquidity position of the FHLB. This investment is reflected as a component of interest receivable and other assets on the consolidated balance sheets.
Earnings per common share (“EPS”) — EPS is based upon the weighted average number of common shares outstanding during each year. The table in footnote 11 shows: (1) weighted average basic shares, (2) effect of dilutive securities related to stock options and non-vested restricted stock, and (3) weighted average diluted shares. Basic EPS are calculated by dividing net income by the weighted average number of common shares outstanding during each period, excluding dilutive stock options and unvested restricted stock awards. Diluted EPS are calculated using the weighted average diluted shares. The total dilutive shares included in annual diluted EPS is a year-to-date weighted average of the total dilutive shares included in each quarterly diluted EPS computation under the treasury stock method. We have forms of outstanding common stock: common stock and unvested restricted stock awards. Holders of restricted stock awards receive non-forfeitable dividends at the same rate as common stockholders and they both share equally in undistributed earnings. Therefore, under the two-class method, the difference in EPS is not significant for these participating securities.
Stock based compensation — The Company recognizes in the consolidated statements of income the grant-date fair value of restricted stock, stock options and other equity-based forms of compensation issued to employees over the employees’ requisite service period (generally the vesting period). The Company uses the straight-line recognition of expenses for awards with graded vesting. The fair value of each restricted stock grant is based on the closing market price of the Company’s stock on the date of grant. The Company issued restricted stock grants totaling 48,883 and 72,269 shares in 2025 and 2024, respectively.
Fair values of financial instruments — The consolidated financial statements include various estimated fair value information as of December 31, 2025 and 2024. Such information, which pertains to the Company’s financial instruments, does not purport to represent the aggregate net fair value of the Company. Further, the fair value estimates are based on various assumptions, methodologies, and subjective considerations, which vary widely among different financial institutions and which are subject to change.
Fair value measurements — The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The Company bases the fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record certain assets at fair value on a non-recurring basis, such as certain impaired loans held for investment and securities held to maturity that are other-than-temporarily impaired. These non-recurring fair value adjustments typically involve write-downs of individual assets due to application of lower-of-cost or market accounting.
The Company has established and documented a process for determining fair value. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when developing fair value measurements. Whenever there is no readily available market data, Management uses its best estimate and assumptions in determining fair value, but these estimates involve inherent uncertainties and the application of Management's judgment. As a result, if other assumptions had been used, our recorded earnings or disclosures could have been materially different from those reflected in these financial consolidated statements.
Revenue recognition — Revenue from deposit account-related fees, including general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer or overdraft activities, is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. Investment advisory service fees are received from a third-party broker-dealer as part of a revenue sharing agreement for fees earned from customers that the Company refers to the third party for services that include custody of assets, investment management, trust services, and other fiduciary activities. Revenue is recognized when the performance obligation is completed, which is generally monthly.
Goodwill and other intangible assets — As of December 31, 2025 intangible assets are comprised of goodwill of $3,313,000, which was acquired through a business combination, as compared to goodwill of $3,313,000 and core deposit intangible of $77,000 as of December 31, 2024. Intangible assets with definite useful lives are amortized over their respective estimated useful lives. If an event occurs that indicates the carrying amount of an intangible asset may not be recoverable, management reviews the asset for impairment. Any goodwill and any intangible asset acquired in a purchase business combination determined to have an indefinite useful life is not amortized, but is evaluated for impairment, at a minimum, on an annual basis.
The core deposit intangible represents the estimated future benefits of acquired deposits and is booked separately from the related deposits. The value of the core deposit intangible asset was determined using a discounted cash flow approach to arrive at the cost differential between the core deposits (non-maturity deposits such as transaction, savings and money market accounts) and alternative funding sources. The core deposit intangible is amortized on an accelerated basis over an estimated -year life, and it is evaluated periodically for impairment. At December 31, 2025, the core deposit intangibles was fully amortized and there is no future amortization expense.
The Company applies a qualitative analysis of conditions in order to determine if it is more likely than not that the carrying value is impaired. In the event that the qualitative analysis suggests that the carrying value of goodwill may be impaired, the Company uses several quantitative valuation methodologies in evaluating goodwill for impairment that includes assumptions made concerning the future earnings potential of the organization, and a market-based approach that looks at values for organizations of comparable size, structure and business model. The current year's review of qualitative factors did not indicate that impairment has occurred, as such no quantitative analysis was performed at December 31, 2025 and 2024.
Recently Issued Accounting Standards —
In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). The update requires enhanced disclosures about significant segment expenses, enhanced interim disclosure requirements, clarification for when multiple segment measures of profit or loss can be disclosed and other requirements intended to improve overall reportable segment disclosures in annual and interim periods. ASU 2023-07 became effective in the annual period beginning on January 1, 2024 and became effective for interim periods beginning on January 1, 2025 with retrospective application to all prior periods presented. ASU 2023-07 did not have a material impact on disclosures, as the Company operates as a single segment and reporting unit.
In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires additional annual disclosures including further disaggregation of information in the rate reconciliation, additional information for reconciling items meeting a quantitative threshold, further disaggregation of income taxes paid and other required disclosures. ASU 2023-09 became effective for the Company in the annual period beginning on January 1, 2025 with retrospective application to all prior periods presented. ASU 2023-09 did not have a material impact on the Company’s income tax disclosures or financial statements.
In November 2024, the FASB issued ASU No. 2024-03, Income Statement–Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, to provide investors with more decision-useful information about a public business entity’s expense by improving disclosures on income statement expenses. The amendments in the ASU are effective for public business entities only for annual reporting periods beginning after December 15, 2026, and for interim reporting periods beginning after December 15, 2027. The Company does not anticipate this ASU will have a material impact on its financial statements.
In September 2025, the FASB issued ASU No. 2025-06, Intangibles–Goodwill and Other–Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06). ASU 2025-06 removes all references to project stages and requires entities to capitalize costs associated with internal-use software based on a new methodology, which focuses on management’s authorization and commitment to funding the project and the probability that the software will be completed and used to perform the function intended. ASU 2025-06 is effective for annual reporting periods beginning after December 15, 2027, and for interim reporting periods within those annual reporting periods, with early adoption permitted as of the beginning of an annual reporting period. The guidance can be applied prospectively, retrospectively, or by a modified transition approach. The Company is currently evaluating the impact this ASU will have on its financial statements. |
Note 2 - Cash and Due From Banks |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Cash and Cash Equivalents Disclosure [Text Block] |
NOTE 2 — CASH AND DUE FROM BANKS
Cash and due from banks includes balances with the Federal Reserve Bank and other correspondent banks. Prior to March 2020, the Federal Reserve Bank required the Company to maintain a minimum reserve balance based on a percentage of the Company’s deposit liabilities. Effective March 26, 2020, the Federal Reserve Bank reduced the reserve requirement ratios to zero percent, which eliminated the reserve requirements for all depository institutions. As of December 31, 2025 and 2024, the Company had Federal Reserve Bank balances of $175,988,000 and $102,484,000, respectively. In addition, the Company maintains other cash equivalent balances, of which insured balances totaled $27,559,000 and uninsured balances totaled $28,632,000 as of December 31, 2025. |
Note 3 - Securities |
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| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] |
NOTE 3 — SECURITIES
Equity Securities
The Company held equity securities with fair values of $3,424,000 and $3,169,000 at December 31, 2025 and December 31, 2024, respectively. There were sales of equity securities during the year ended December 31, 2025 or 2024. Consistent with ASC Topic 326, these securities are carried at fair value with the changes in fair value recognized in the consolidated statements of income. Accordingly, the Company recognized an unrealized gain of $133,000 and an unrealized loss of $74,000 during the years ended December 31, 2025 and 2024, respectively.
Debt Securities
Debt securities have been classified in the financial statements as available for sale. The amortized cost and estimated fair values of debt securities as of December 31, 2025 are as follows:
The following tables detail the gross unrealized losses and fair values aggregated of debt securities by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2025.
For available-for-sale debt securities in an unrealized loss position, management evaluates whether the decline in fair value is a reflection of credit deterioration or other factors. In performing this evaluation, management considers the extent which fair value has fallen below amortized cost, changes in ratings by rating agencies, and other information indicating a deterioration in repayment capacity of either the underlying issuer or the borrowers providing repayment capacity in a securitization. If management’s evaluation indicates that a credit loss exists then a present value of the expected cash flows is calculated and compared to the amortized cost basis of the security in question and to the degree that the amortized cost basis exceeds the present value an allowance for credit loss (“ACL”) is established, with the caveat that the maximum amount of the reserve on any individual security is the difference between the fair value and amortized cost balance of the security in question. Any unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income.
The unrealized losses are due primarily to rising market yields and not due to credit deterioration. As such, ACL on available-for-sale securities has been established as of December 31, 2025 and 2024. The Company does not intend to sell the securities and it is not likely that the Company will be required to sell the securities before the earlier of the forecasted recovery or the maturity of the underlying investment security.
The amortized cost and estimated fair value of debt securities at December 31, 2025, by contractual maturity or call date, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Debt securities have been classified in the financial statements as available for sale. The amortized cost and estimated fair values of debt securities as of December 31, 2024 are as follows:
The following tables detail the gross unrealized losses and fair values aggregated of debt securities by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024.
The Company recognized gross realized losses of $4,000 and gains of $8,000 during 2025 and 2024, respectively, on certain available-for-sale securities that were called. The Company did sell any available-for-sale securities in 2025, as compared to available-for-sale securities sold in 2024 for a gain on sale of $106,000.
Securities carried at a fair value of $349,507,000 and $305,513,000 at December 31, 2025 and 2024, respectively, were pledged to secure deposits of public funds. |
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Note 4 - Loans |
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| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
NOTE 4 — LOANS
The Company’s customers are primarily located in Stanislaus, San Joaquin, Tuolumne, Sacramento, Placer, Inyo, and Mono Counties. As of December 31, 2025, approximately 88% of the Company’s loans are commercial real estate loans which includes construction loans. Approximately 6% of the Company’s loans are for general commercial uses including professional, retail, and small business. Additionally, 3% of the Company’s loans are for residential real estate and other consumer loans. The remaining 3% are agriculture loans.
Loan totals were as follows:
Loan Origination/Risk Management. The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions.
Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. Once it is determined that the borrower’s management possesses sound ethics and solid business acumen, the Company’s management examines current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial and industrial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial and industrial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.
Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type and geographic location. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single market or industry. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. As a general rule, the Company avoids financing single-purpose projects unless other underwriting factors are present to help mitigate risk. The Company also utilizes third-party experts to provide insight and guidance about economic conditions and trends affecting market areas it serves. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. At December 31, 2025 and 2024, approximately 22% and 24%, respectively, of the outstanding principal balance of the Company’s commercial real estate loans were secured by owner-occupied properties.
With respect to loans to developers and builders that are secured by non-owner occupied properties that the Company may originate from time to time, the Company generally requires the borrower to have had an existing relationship with the Company and have a proven record of success. Construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analysis of absorption and lease rates and financial analysis of the developers and property owners. Construction loans are generally based upon estimates of costs and value associated with the complete project. These estimates may be inaccurate. Significant events can affect the construction industry, including: the inherent volatility of real estate markets and vulnerability to delays due to weather, change orders, inability to obtain construction permits, labor or material shortages, and price changes. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing.
The Company originates consumer loans utilizing a computer-based credit scoring analysis to supplement the underwriting process. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by line and staff personnel. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, trend and outlook reports are reviewed by management on a regular basis. Underwriting standards for home equity loans follow bank policy, which include, but are not limited to, a maximum loan-to-value percentage of 80%, a maximum housing and total debt ratio of 36% and 42%, respectively and other specified credit and documentation requirements.
Agricultural loans are secured by crop production and livestock are especially vulnerable to two risk factors that are largely outside the control of Company and borrowers: commodity prices and weather conditions. Other environmental factors such as drought and availability of water also effect the production of crops.
The Company maintains an independent loan review function that validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures.
Non-Accrual and Past Due Loans. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. Loans may be placed on non-accrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Year-end non-accrual loans, segregated by class of loans were as follows:
The following table analyzes past due loans, segregated by class of loans, as of December 31, 2025 (in thousands):
The following table analyzes past due loans, segregated by class of loans, as of December 31, 2024 (in thousands):
Collateral Dependent Loans. Management’s evaluation as to the ultimate collectability of loans includes estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers. Prior to January 1, 2023, before CECL was adopted, collateral dependent loans are loans in which repayment is expected to be provided solely by the underlying collateral and there are no other available and reliable sources of repayment. Under CECL, loans can be determined to be collateral dependent if foreclosure of the loan’s underlying collateral is probable or as a practical expedient if the borrower is experiencing financial difficulties and the repayment is expected to be provided substantially through the operation or sale of the collateral. Loans are written down to the lower of cost or fair value of underlying collateral, less estimated costs to sell. The Company had collateral dependent loan with a balance of $4,587,000 that was secured by a non-owner occupied commercial real estate property as of December 31, 2025. There were collateral dependent loans as of December 31, 2024.
Loan Modification Disclosures Pursuant to ASU 2022-02 - The Company may agree to different types of concessions when modifying a loan. There were no loan modifications to borrowers experiencing financial difficulty, including principal forgiveness, rate reductions, payment deferral or term extension, during the years ended December 31, 2025 and 2024.
Loan Risk Grades– Quality ratings (Risk Grades) are assigned to all commitments and stand-alone notes. Risk grades define the basic characteristics of commitments or stand-alone note in relation to their risk. All loans are graded using a system that maximizes the loan quality information contained in loan review grades, while ensuring that the system is compatible with the grades used by bank examiners.
The Company grades loans using the following letter system:
1 Exceptional Loan 2 Quality Loan 3A Better Than Acceptable Loan 3B Acceptable Loan 3C Marginally Acceptable Loan 4 (W) Watch Acceptable Loan 5 Special Mention Loan 6 Substandard Loan 7 Doubtful Loan 8 Loss
1. Exceptional Loan - Loans with A+ credits that contain very little, if any, risk. Grade 1 loans are considered Pass. To qualify for this rating, the following characteristics must be present:
2. Quality Loan - Loans with excellent sources of repayment that conform in all respects to bank policy and regulatory requirements. These are also loans for which little repayment risk has been identified. No credit or collateral exceptions. Grade 2 loans are considered Pass. Other factors include:
3A. Better than Acceptable Loan - In the interest of better delineating the loan portfolio’s true credit risk for reserve allocation, further granularity has been sought by splitting the grade 3 category into three classifications. The distinction between the three are bank-defined guidelines and represent a further refinement of the regulatory definition of a pass, or grade 3 loan. Grade 3A is characterized by:
3B. Acceptable Loan - 3B loans are simply defined as all loans that are less qualified than 3A loans and are stronger than 3C loans. These loans are characterized by acceptable sources of repayment that conform to bank policy and regulatory requirements. Repayment risks are acceptable for these loans. Credit or collateral exceptions are minimal, are in the process of correction, and do not represent repayment risk. These loans:
3C. Marginally Acceptable Loan - 3C loans have similar characteristics as that of 3Bs with the following additional characteristics:
4(W). Watch Acceptable Loan - Watch grade will be assigned to any credit that is adequately secured and performing but monitored for a number of indicators. These characteristics may include:
5. Special Mention Loan - A special mention extension of credit is defined as having potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date result in the deterioration of the repayment prospects for the credit or the institution’s credit position. Extensions of credit that might be detailed in this category include the following:
6. Substandard Loan - A “substandard” extension of credit is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Extensions of credit so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard credits, does not have to exist in individual extensions of credit classified as substandard.
7. Doubtful Loan - An extension of credit classified as “doubtful” has all the weaknesses inherent in one classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high but because of certain important and reasonably specific pending factors that may work to the advantage of and strengthen the credit, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceedings, capital injection, perfecting liens on additional collateral or refinancing plans. The entire loan need not be classified as doubtful when collection of a specific portion appears highly probable. An example of proper use of the doubtful category is the case of a company being liquidated, with the trustee-in-bankruptcy indicating a minimum disbursement of 40 percent and a maximum of 65 percent to unsecured creditors, including the Bank. In this situation, estimates are based on liquidation value appraisals with actual values yet to be realized. By definition, the only portion of the credit that is doubtful is the 25 percent difference between 40 and 65 percent.
A proper classification of such a credit would show 40 percent substandard, 25 percent doubtful, and 35 percent loss. A credit classified as doubtful should be resolved within a ‘reasonable’ period of time. Reasonable is generally defined as the period between examinations. In other words, a credit classified as doubtful at an examination should be cleared up before the next exam. However, there may be situations that warrant continuation of the doubtful classification a while longer.
8. Loss - Extensions of credit classified as “loss” are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the credit has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off, even though partial recovery may be affected in the future. It should not be the Company’s practice to attempt long-term recoveries while the credit remains on the books. Losses should be taken in the period in which they surface as uncollectible.
As of December 31, 2025 and 2024, there are loans that are classified with risk grades of 8- Loss. The risk grades are reviewed every month, at a minimum and on an as-needed basis depending on the specific circumstances of the loan.
The following table summarizes loan risk grade totals by class and year of origination as of December 31, 2025. Risk grades 1 through 4(W) have been aggregated in the “Pass” line.
The following table summarizes loan risk grade totals by class and year of origination as of December 31, 2024. Risk grades 1 through 4(W) have been aggregated in the “Pass” line.
The following table details activity in the ACL by portfolio segment for the years ended December 31, 2025 and 2024. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
The following table details the allowance for credit losses and ending gross loan balances as of December 31, 2025 and 2024, summarized by collective and individual evaluation methods of impairment.
The following table presents gross charge-offs for the year ended December 31, 2025 by portfolio class and origination year (dollars in thousands):
The following table presents gross charge-offs for the year ended December 31, 2024 by portfolio class and origination year (dollars in thousands):
Changes in the allowance for undisbursed loan commitments were as follows:
The method for calculating the allowance for unfunded loan commitments is based on applying an estimated funding rate to the unfunded loan commitment balance to determine a projected cashflow schedule. Then the quantitative loan loss rate from each loan pool, as calculated in the DCF model described above, is used to calculate the allowance for unfunded loan commitments which is recorded included in interest payable and other liabilities on the consolidated balance sheet.
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Note 5 - Premises and Equipment |
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| Property, Plant and Equipment Disclosure [Text Block] |
NOTE 5 — PREMISES AND EQUIPMENT
Major classifications of premises and equipment are summarized as follows:
Depreciation expense was $1,380,000 and $1,325,000 for the years ended December 31, 2025 and 2024, respectively. |
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Note 6 - Interest Receivable and Other Assets |
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| Interest Receivable and Other Assets [Text Block] |
NOTE 6 — INTEREST RECEIVABLE AND OTHER ASSETS
Interest receivable and other assets are summarized as follows:
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Note 7 - Deposits |
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| Deposit Liabilities Disclosures [Text Block] |
NOTE 7 — DEPOSITS
Deposit totals were as follows:
Time deposits issued and their remaining maturities at December 31, 2025, are as follows (in thousands):
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Note 8 - FHLB Advances |
12 Months Ended |
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| Notes to Financial Statements | |
| Debt Disclosure [Text Block] |
NOTE 8 — FHLB ADVANCES
At December 31, 2025, the Company had outstanding advances from the Federal Home Loan Bank (“FHLB”). Unused and available advances totaled $401,673,000 at December 31, 2025. Loans carried at $1,143,930,000 as of December 31, 2025, were pledged as collateral on advances from the Federal Home Loan Bank.
At December 31, 2024, the Company had outstanding advances from the Federal Home Loan Bank (“FHLB”). Unused and available advances totaled $364,379,000 at December 31, 2024. Loans carried at $1,106,535,000 as of December 31, 2024, were pledged as collateral on advances from the Federal Home Loan Bank. |
Note 9 - Income Taxes |
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| Income Tax Disclosure [Text Block] |
NOTE 9 — INCOME TAXES
The provision for income taxes consists of the following:
The components of the Company’s deferred tax assets and liabilities (included in accrued interest and other assets on the consolidated balance sheets), is shown below:
Management has assessed the realizability of deferred tax assets and believes it is more likely than not that all deferred tax assets will be realized in the normal course of operations. Accordingly, these assets have not been reduced by a valuation allowance.
The Company periodically reviews its income tax positions based on tax laws and regulations and financial reporting considerations, and records adjustments as appropriate. This review takes into consideration the status of current taxing authorities’ examinations of the Company’s tax returns, recent positions taken by the taxing authorities on similar transactions.
The Company had liabilities for unrecognized tax benefits as of December 31, 2025 and 2024.
The income tax provision effective tax rate for 2025 and 2024 differs from the current Federal statutory income tax as follows:
Oak Valley Bancorp files a consolidated return in the U.S. Federal tax jurisdiction and a combined report in the State of California tax jurisdiction. None of the entities are subject to examination by taxing authorities for years before for U.S. federal or for years before for California. Total income taxes paid during the year ended December 31, 2025 totaled $2,275,000 and $2,805,000 for U.S. Federal tax and California state tax, respectively, as compared to $3,100,000 and $3,285,000 for the year ended December 31, 2024. |
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Note 10 - Stock Option Plan |
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| Share-Based Payment Arrangement [Text Block] |
NOTE 10 — STOCK OPTION PLAN
The Company currently has equity based incentive plan, the Oak Valley Bancorp 2018 Stock Plan. The 2018 Stock Plan provides for awards in the form of incentive stocks, non-statutory stock options, stock appreciation rights and restrictive stocks. Under the 2018 Plan, the Company is authorized to issue 607,500 shares of its common stock to key employees and directors as incentive and non-qualified stock options, respectively, at a price equal to the fair value on the date of grant. The Plan provides that the options are exercisable in equal increments over a -year period from the date of grant or over any other schedule approved by the Board of Directors. All incentive stock options expire no later than years from the date of grant. As of December 31, 2025, 351,497 shares were available to be issued under the 2018 Stock Plan pursuant to new grants.
A summary of the status of the Company’s restricted stock and changes during the years ended December 31, 2025 and 2024 are presented below.
The Company issued 48,883 shares of restricted stock in 2025 with a weighted average fair value of $27.51 per share. For the year ended December 31, 2025, total compensation expense recorded in the consolidated statements of income related to restricted stock awards was $904,000, with an offsetting tax benefit of $267,000, as this expense is deductible for income tax purposes. The Company recorded an additional tax benefit of $52,000 to income tax expense to adjust for the full tax deduction of the vested restricted stock, which is equal to the fair value on the vesting date, as the restricted stock expense is based on the grant date fair value. As of December 31, 2025, there was $2,775,000 of total unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted-average period of 3.37 years. During 2025, shares of restricted stock awards totaling 35,125 with a fair value of $960,000, based on the vested date of each award, were vested and became unrestricted.
The Company issued 72,269 shares of restricted stock in 2024 with a weighted average fair value of $24.31 per share. For the year ended December 31, 2024, total compensation expense recorded in the consolidated statements of income related to restricted stock awards was $844,000, with an offsetting tax benefit of $249,000, as this expense is deductible for income tax purposes. The Company recorded a tax benefit of $45,000 to income tax expense to adjust for the full tax deduction of the vested restricted stock, which is equal to the fair value on the vesting date, as the tax benefit from the restricted stock expense is based on the grant date fair value. As of December 31, 2024, there was $2,516,000 of total unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted-average period of 3.60 years. During 2024, shares of restricted stock awards totaling 30,603 with a fair value of $782,000, based on the vested date of each award, were vested and became unrestricted. |
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Note 11 - Earnings Per Share |
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| Earnings Per Share [Text Block] |
NOTE 11 — EARNINGS PER SHARE
EPS are based upon the weighted average number of common shares outstanding during each year. The following table shows: (1) weighted average basic shares, (2) effect of dilutive securities related to stock options and non-vested restricted stock, and (3) weighted average diluted shares. Basic EPS are calculated by dividing net income by the weighted average number of common shares outstanding during each period, excluding dilutive stock options and unvested restricted stock awards. Diluted EPS are calculated using the weighted average diluted shares. The total dilutive shares included in annual diluted EPS is a year-to-date weighted average of the total dilutive shares included in each quarterly diluted EPS computation under the treasury stock method. We have forms of outstanding common stock: common stock and unvested restricted stock awards. Holders of restricted stock awards receive non-forfeitable dividends at the same rate as common stockholders and they both share equally in undistributed earnings. Therefore, under the two-class method the difference in EPS is not significant for these participating securities.
The Company’s calculation of EPS including basic EPS, which does not consider the effect of common stock equivalents and diluted EPS, which considers all dilutive common stock equivalents is as follows:
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Note 12 - Commitments and Contingent Liabilities |
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| Commitments and Contingencies Disclosure [Text Block] |
NOTE 12 — COMMITMENTS AND CONTINGENT LIABILITIES
The Company is obligated for rental payments under certain operating lease agreements, some of which contain renewal options and escalation clauses that provide for increased rentals. Total rental expense for the years ended December 31, 2025 and 2024, was $1,608,000 and $1,542,000, respectively.
We have historically entered into a number of lease arrangements under which we are the lessee. Most of our office leases include one or more optional renewal periods. The Company has not elected the hindsight practical expedient and therefore potential payments related to future lease renewal options are not reflected in the ROU asset and lease liability. Generally, all of the lease contracts have annual rent payment increases, some of which are based on the Consumer Price Index and others are fixed increases that are set forth within the contracts. The majority of our lease contracts are gross leases, in which a single monthly payment includes the lessor’s property and casualty insurance costs, property taxes, and common area maintenance associated with the property.
The Company determined the operating lease liability for new lease agreements and renewal options in 2025 and 2024 by calculating the present value of future cash payments, excluding any future renewal options as it was not reasonably certain that they will be exercised. A discount rate was applied to the cash obligation schedule to calculate the present value of the operating lease liability. The discount rate was based on our incremental borrowing rate through our line of credit with the FHLB, for the borrowing term that was equal to the term of each lease. As of December 31, 2025, the weighted average remaining term of the lease contracts was 5.7 years, and the weighted average discount rate used to calculate the present value of the operating lease liability was 3.15%. As of December 31, 2024, the weighted average remaining term of the lease contracts was 6.6 years, and the weighted average discount rate used to calculate the present value of the operating lease liability was 3.24%. The totaled $7,619,000 and $7,013,000 as of December 31, 2025 and 2024, respectively, and is included in interest payable and other liabilities in the consolidated balance sheet. The totaled $7,239,000 and $6,663,000 as of December 31, 2025 and 2024, respectively, is recorded in interest receivable and other assets on the consolidated balance sheet.
At December 31, 2025, the future minimum commitments under these operating leases are as follows (in thousands):
The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of loans or through standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the balance sheet. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.
The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments.
Financial instruments at December 31, 2025 whose contract amounts represent credit risk:
Commitments to extend credit, including undisbursed loan commitments and equity lines, are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include accounts receivable, inventory, property, plant, equipment and income-producing commercial properties.
Checking reserves are lines of credit associated consumer deposit accounts that meet qualification standards for extension of credit if the deposit account were to become overdraft.
Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. |
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Note 13 - Financial Instruments and Fair Value Measurements |
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| Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] |
NOTE 13 — FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
Fair values of financial instruments — The consolidated financial statements include various estimated fair value information as of December 31, 2025 and 2024. Such information, which pertains to the Company’s financial instruments, does not purport to represent the aggregate net fair value of the Company. Further, the fair value estimates are based on various assumptions, methodologies, and subjective considerations, which vary widely among different financial institutions and which are subject to change.
We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value:
Level 1: Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstance that caused the transfer, which generally corresponds with the Company’s quarterly valuation process. There were no transfers between levels during the years ended December 31, 2025 and 2024.
Following is a description of valuation methodologies used for assets and liabilities in the tables below:
Restricted Equity Securities- The carrying amounts of the stock the Company owns in Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) approximate their fair value and are considered a level 2 valuation.
Deposit liabilities — The fair values estimated for demand deposits (interest and non-interest checking, savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e. their carrying amounts). The carrying amounts for variable-rate, fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of the aggregate expected monthly maturities on time deposits. The fair value of deposits is determined by the Company’s internal assets and liabilities modeling system that accounts for various inputs such as decay rates, rate floors, FHLB yield curve, maturities and current rates offered on new accounts. Fair value on deposits is considered a level 3 valuation.
Off-balance-sheet instruments — Fair values for the Bank’s off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the credit standing of the counterparties. The Company considers the Bank’s Off-balance sheet instruments to be a level 3 valuation.
The estimated fair values of the Company’s financial instruments not measured at fair value as of December 31, 2025 were as follows:
The estimated fair values of the Company’s financial instruments not measured at fair value as of December 31, 2024 were as follows:
The following table presents the carrying value of recurring and nonrecurring financial instruments that were measured at fair value and that were still held in the consolidated balance sheets at each respective period end, by level within the fair value hierarchy as of December 31, 2025 and 2024.
Available-for-sale and equity securities - Investment securities are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, if available. If quoted market prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions, and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets where significant inputs are unobservable.
Loans Evaluated Individually - The Company records certain loans at fair value on a non-recurring basis. Individually evaluated loans for which an allowance is established, or a write-down has occurred during the period, based on the fair value of collateral require classification in the fair value hierarchy. The fair value of the loan’s collateral is determined by appraisals, independent valuation and other techniques. When the fair value of the loan’s collateral is based on an observable market price the Company classifies the fair value of the individually evaluated loans within Level 2 of the valuation hierarchy. For loans in which the valuation has unobservable inputs, the Company classifies these within the Level 3 of the valuation hierarchy. As of December 31, 2025, collateral values were estimated using a combination of observable inputs, including recent appraisals, and unobservable inputs, including internally determined adjustments to the loan value for rent payments receivable, and customized discounts of approximately 3.4% of the appraisal value related to selling costs. Due to the significance of unobservable inputs, fair values of individually evaluated loans have been classified as Level 3.
There have been no significant changes in the valuation techniques during the year ended December 31, 2025. |
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Note 14 - Related Party Transactions |
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| Related Party Transactions Disclosure [Text Block] |
NOTE 14 — RELATED PARTY TRANSACTIONS
The Company, in the normal course of business, makes loans and receives deposits from its directors, officers, principal shareholders, and their associates. In management’s opinion, these transactions are on substantially the same terms as comparable transactions with other customers of the Company. Loans to directors, officers, shareholders, and affiliates are summarized below:
Related party deposits totaled $7,185,000 and $15,200,000 at December 31, 2025 and 2024, respectively.
From time to time, some of the Company’s Directors, directly or through affiliates, may perform services for the Bank. These activities are performed in the ordinary course of the Bank’s business and are subject to strict compliance with the policies outlined below. In 2024, the Company made payments totaling $236,000 to Crown Painting and Design Studio 120, companies affiliated with a Director’s daughter, for renovation and design work performed in connection with various projects and maintenance on the Bank’s branches. In 2025, the payment amount made to this same related party decreased compared to 2024, and did not meet the disclosure requirement threshold. Except for such payments, no other material services or activities were performed for purposes of Item 404(a) of Regulation S-K under the Exchange Act. |
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Note 15 - Profit Sharing Plan |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Profit Sharing Plan [Text Block] |
NOTE 15 — PROFIT SHARING PLAN
The profit sharing plan to which both the Company and eligible employees contribute was established in 1995. To be eligible, employees must complete months of service and be 21 years of age or older. Bank contributions are voluntary and at the discretion of the Board of Directors. Contributions were approximately $1,295,000 and $1,228,000 for the years ended December 31, 2025 and 2024, respectively.
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Note 16 - Restrictions on Dividends |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Dividend Payment Restrictions [Text Block] |
NOTE 16 — RESTRICTIONS ON DIVIDENDS
Under current California State banking laws, the Bank may not pay cash dividends in an amount that exceeds the lesser of retained earnings of the Bank or the Bank’s net earnings for its last three fiscal years (less the amount of any distributions to shareholders made during that period). If the above requirements are not met, cash dividends may only be paid with the prior approval of the Commissioner of the Department of Financial Protection and Innovation, in an amount not exceeding the Bank’s net earnings for its last fiscal year or the amount of its net earnings for its current fiscal year. Accordingly, the future payment of cash dividends will depend on the Bank’s earnings and its ability to meet its capital requirements. |
Note 17 - Other Post-retirement Benefit Plans |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Retirement Benefits [Text Block] |
NOTE 17 — OTHER POST-RETIREMENT BENEFIT PLANS
Certain officers have entered into salary continuation agreements with the Company (the “Salary Continuation Agreements”). Under the Salary Continuation Agreements, the participants will be provided with a fixed annual retirement benefit for to years after retirement. The Company is also responsible for certain pre-retirement death benefits under the Salary Continuation Agreements. In connection with the implementation of the Salary Continuation Agreements, the Company purchased single premium life insurance policies on the life of each of the officers covered under the Salary Continuation Agreements. The Company is the owner and partial beneficiary of these life insurance policies. The assets of the Salary Continuation Agreements, under Internal Revenue Service regulations, are owned by the Company and are available to satisfy the Company’s general creditors. In connection with the purchase of the life insurance policies, the Company entered into split-dollar life insurance agreements with each of the insured officers, which pays the officers’ beneficiaries a pre-determined death benefit amount as set forth in the agreement, with the remainder of the death benefit paid to the Company.
During December 2001, the Company adopted a director retirement plan (“DRP”). Under the DRP, the participants will be provided with a fixed annual retirement benefit for years after retirement. The Company is also responsible for certain pre-retirement death benefits under the DRP. In connection with the implementation of the DRP, the Company purchased single premium life insurance policies on the life of each director covered under the DRP. The Company is the owner and partial beneficiary of these life insurance policies. The assets of the DRP, under Internal Revenue Service regulations, are the property of the Company and are available to satisfy the Company’s general creditors.
Future compensation under both types of arrangements is earned for services rendered through retirement. The Company accrues for the salary continuation liability based on anticipated years of service and vesting schedules provided under the arrangements. The Company’s current benefit liability is determined based on vesting and the present value of the benefits at a corresponding discount rate. The discount rate used is an equivalent rate for investment-grade bonds with lives matching those of the service periods remaining for the salary continuation contracts, which average approximately years. At December 31, 2025 and 2024, $6,445,000 and $6,275,000, respectively, has been accrued to date, and is included in other liabilities on the consolidated balance sheets.
The combined cash surrender value of all Bank-owned life insurance policies was $36,899,000 and $37,558,000 at December 31, 2025 and 2024, respectively. |
Note 18 - Regulatory Matters |
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| Regulatory Capital Requirements under Banking Regulations [Text Block] |
NOTE 18 — REGULATORY MATTERS
The Company is regulated by the FRB and is subject to the securities registration and public reporting regulations of the Securities and Exchange Commission. As a California state-chartered bank, the Company’s banking subsidiary is subject to primary supervision, examination and regulation by the California Department of Financial Protection and Innovation (DFPI) and the Federal Reserve Board. The Federal Reserve Board is the primary federal regulator of state member banks. The Bank is also subject to regulation by the FDIC, which insures the Bank’s deposits as permitted by law. Management is not aware of any recommendations of regulatory authorities or otherwise which, if they were to be implemented, would have a material effect on the Company’s or Bank’s liquidity, capital resources, or operations.
The U.S. Basel III rules contain capital standards regarding the composition of capital, minimum capital ratios and counter-party credit risk capital requirements. The Basel III rules also include a definition of common equity Tier 1 capital and require that certain levels of such common equity Tier 1 capital be maintained. The rules also include a capital conservation buffer, which imposes a common equity requirement above the new minimum that can be depleted under stress and could result in restrictions on capital distributions and discretionary bonuses under certain circumstances, as well as a new standardized approach for calculating risk-weighted assets. Under the Basel III rules, we must maintain a ratio of common equity Tier 1 capital to risk-weighted assets of at least 4.5%, a ratio of Tier 1 capital to risk-weighted assets of at least 6%, a ratio of total capital to risk-weighted assets of at least 8% and a minimum Tier 1 leverage ratio of 4.0%. In addition to the preceding requirements, all financial institutions subject to the Rules, including the Bank, are required to establish a "conservation buffer," consisting of common equity Tier 1 capital, which is at least 2.5% above each of the preceding common equity Tier 1 capital ratio, the Tier 1 risk-based ratio and the total risk-based ratio. An institution that does not meet the conservation buffer will be subject to restrictions on certain activities including payment of dividends, stock repurchases and discretionary bonuses to executive officers. The conservation buffer became fully effective on January 1, 2019.
Failure to meet minimum capital requirements can trigger regulatory actions that could have a material adverse effect on the Company’s financial statements and operations. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that rely on quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
The U.S. Basel III minimum capital ratios do not apply to the Company because we have less than $3 billion in total assets and therefore qualify as a small bank holding company. The minimum capital ratios apply only to the Bank.
The Bank’s actual capital amounts and ratios at December 31, 2025 and 2024, are presented in the following table.
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Note 19 - Segment Reporting |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Segment Reporting Disclosure [Text Block] |
NOTE 19 – SEGMENT REPORTING
The Company operates as a reportable segment, providing a broad range of banking and financial services to individuals, businesses, and institutional clients. These services include commercial and consumer lending, deposit products, wealth management, and treasury management solutions. The Chief Executive Officer and the President/Chief Operating Officer are the Company’s Chief Operating Decision Makers ("CODM"). The CODM regularly evaluates financial performance and allocates resources on a consolidated basis. Some of the financial metrics included in this evaluation are net income, net interest income, net interest margin, ROA, operating efficiency ratio, and total assets.
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Note 20 - Variable Interest Entities |
12 Months Ended |
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Dec. 31, 2025 | |
| Notes to Financial Statements | |
| Variable Interest Entity Disclosure [Text Block] |
NOTE 20 – VARIABLE INTEREST ENTITIES
The Company invests in Low-Income Housing Tax Credit ("LIHTC") partnerships that are considered variable interest entities ("VIEs") under ASC 810, Consolidation. These partnerships are formed to develop and operate affordable housing projects that qualify for federal tax credits under Section 42 of the Internal Revenue Code.
The Company evaluates its LIHTC investments to determine whether it has a controlling financial interest in the partnerships. A controlling financial interest exists if the Company: •Has the power to direct activities that most significantly impact the entity's economic performance; and •Has the obligation to absorb losses or the right to receive benefits that could be significant.
Based on this assessment, the Company has determined that it is not the primary beneficiary of the LIHTC partnerships, as it does not control the significant operating decisions. Therefore, these entities are not consolidated in the financial statements.
The Company accounts for its LIHTC investments using the proportional amortization method under ASC 323-740, Investments - Equity method and Joint Ventures: Investments in Qualified Affordable Housing Projects. Under this method: •The initial investment is recorded as an asset and included in interest receivable and other assets on the balance sheet, and an offsetting payable amount is recorded in interest payable and other liabilities on the balance sheet. •Tax credits and other tax benefits are recognized as a reduction of . •The investment is amortized over the period in which the tax credits are received, with amortization recorded as a component of .
For the year ended December 31, 2025, the income tax credits and tax benefits from deductible losses was $2,011,000 and the offsetting amortization was $1,619,000. For the year ended December 31, 2024, the income tax credits and tax benefits from deductible losses was $1,942,000 and the offsetting amortization was $1,485,000.
As of December 31, 2025, the company had total LIHTC commitments of $20,500,000, of which $15,902,000 had funded and the remaining $4,598,000 was unfunded which is included in interest payable and other liabilities on the consolidated balance sheet. As of December 31, 2024, the company had total LIHTC commitments of $15,500,000, of which $10,663,000 had funded and the remaining $4,837,000 was unfunded.
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Note 21 - Parent Only Condensed Financial Statements |
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| Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
NOTE 21 – PARENT ONLY CONDENSED FINANCIAL STATEMENTS
CONDENSED BALANCE SHEETS
CONDENSED STATEMENTS OF INCOME
CONDENSED STATEMENTS OF CASH FLOWS
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Significant Accounting Policies (Policies) |
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Subsequent Events, Policy [Policy Text Block] | Subsequent events — The Company has evaluated events and transactions subsequent to December 31, 2025 through the date of the filing for potential recognition or disclosure. | ||||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents, Policy [Policy Text Block] |
Cash and cash equivalents — The Company has defined cash and cash equivalents to include cash, due from banks, certificates of deposit with original maturities of three months or less, and federal funds sold. Generally, federal funds are sold for one-day periods. At times throughout the year, balances can exceed FDIC insurance limits.
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| Marketable Securities, Policy [Policy Text Block] |
Securities available for sale — Available-for-sale securities consist of bonds, notes, and debentures not classified as trading securities or held-to-maturity securities. Available-for-sale securities with unrealized holding gains and losses are reported as an amount in accumulated other comprehensive income, net of tax. Gains and losses on the sale or call of available-for-sale securities are determined using the specific identification method. The amortization of premiums and accretion of discounts are recognized as adjustments to interest income over the period to maturity, except for premiums on securities with call dates which are amortized to the earliest call date.
Consistent with ASC Topic 825-10, equity securities consist of those securities with readily determinable fair value and are carried at fair value with the changes in fair value recognized in the consolidated statements of income.
For available-for-sale debt securities in an unrealized loss position, management evaluates whether the decline in fair value is a reflection of credit deterioration or other factors. In performing this evaluation, management considers the extent which fair value has fallen below amortized cost, changes in ratings by rating agencies, and other information indicating a deterioration in repayment capacity of either the underlying issuer or the borrowers providing repayment capacity in a securitization. If management’s evaluation indicates that a credit loss exists then a present value of the expected cash flows is calculated and compared to the amortized cost basis of the security in question and to the degree that the amortized cost basis exceeds the present value an allowance for credit loss (“ACL”) is established, with the caveat that the maximum amount of the reserve on any individual security is the difference between the fair value and amortized cost balance of the security in question. Any unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income.
The unrealized losses are due primarily to rising market yields and not due to credit deterioration. As such, ACL on available-for-sale securities has been established as of December 31, 2025 and 2024. The Company does not intend to sell the securities and it is not likely that the Company will be required to sell the securities before the earlier of the forecasted recovery or the maturity of the underlying investment security. |
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| Financing Receivable [Policy Text Block] |
Loans originated — Loans are reported at the principal amount outstanding, net of unearned income, deferred loan fees, and the allowance for credit losses. Unearned discounts on installment loans are recognized as income over the terms of the loans. Interest on other loans is calculated by using the simple interest method on the daily balance of the principal amount outstanding.
Loan fees net of certain direct costs of origination are deferred and amortized, as an adjustment to interest yield, over the estimated life of the loan.
Loans on which the accrual of interest has been discontinued are designated as non-accrual loans. Accrual of interest on loans is discontinued either when reasonable doubt exists as to the full and timely collection of interest or principal or when a loan becomes contractually past due by ninety days or more with respect to interest or principal. When a loan is placed on non-accrual status, all interest previously accrued, but not collected, is reversed against current period interest income. Income on such loans is then recognized only to the extent that cash is received and where the future collection of principal is probable. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. |
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| Credit Loss, Financial Instrument [Policy Text Block] |
Allowance for credit losses (“ACL”) — Under ASC topic 326, the allowance for credit losses is deducted from the amortized cost basis to present the net amount expected to be collected on the loans. The measurement of expected credit losses is based on relevant information, which includes experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount over the remaining contractual life. The Company’s ACL is calculated monthly, with any difference in the calculated ACL and the recorded ACL trued-up through an entry to the provision for credit losses. Management calculates the quantitative portion of collectively evaluated reserves for all loan categories, using a discounted cash flow (“DCF”) methodology. For purposes of estimating the Company’s ACL, management generally evaluates collectively evaluated loans by federal call code in order to group loans with similar risk characteristics together, however management has grouped loans in selected call codes together in determining portfolio segments, due to similar risk characteristics and reserve methodologies used for certain call code classifications.
The DCF quantitative reserve methodology incorporates the consideration of probability of default (“PD”) and loss given default (“LGD”) estimates to calculate expected lifetime losses. The PD estimates are derived using reasonable and supportable economic forecasts and historical loss rate data from both the bank and a selected peer group. The historical loss rate data is compared to identified benchmark economic indicators to create a regression model that is updated annually. Reasonable and supportable forecasts for the identified economic indicators are then incorporated to arrive at expected default rates for the various loan categories. The reasonable and supportable forecasts are based on the National Unemployment Rate and Real Gross Domestic Product. The expected default rates are then applied to expected monthly loan balances estimated through the consideration of contractual terms and expected prepayments. The Company utilizes a four-quarter forecast period, after which the expected default rates revert to the historical average, over a four-quarter reversion period, on a straight-line basis. The prepayment assumptions are estimated based on historical experience of the bank. The prepayment assumptions are updated quarterly and may be subject to additional updates by Management in the event that changing conditions impact Management’s estimate. LGD utilized in the DCF is derived from the application of models that correlate LGD and PD based on historical peer data.
Management recognizes that there are additional factors impacting risk of loss in the loan portfolio beyond what is captured in the quantitative portion of collectively evaluated reserves. As current and expected conditions, may vary compared with conditions over historical periods, which are utilized in the calculation of quantitative reserves, management considers whether additional or reduced reserve levels on collectively evaluated loans may be warranted given the consideration of a variety of qualitative factors. Several of the following qualitative factors (“Q-factors”) considered by management reflect regulatory guidance on Q-factors, whereas several others represent factors unique to the Company or unique to the current time period.
The qualitative portion of the Company’s reserves on collectively evaluated loans are calculated using a combination of numeric frameworks, matrices defining reserve rate based on specified metrics, and management judgement, to determine risk categorizations in each of the Q-factors presented above. The amount of qualitative reserves is also contingent upon the relative weighting of Q-factors according to management’s judgement.
Loans identified as losses by management and internal loan review are charged-off. Furthermore, consumer loan accounts are charged-off automatically based on regulatory requirements.
Accrued interest receivable for loans is included in the “Interest receivable and other assets” line item on the Company’s Consolidated Balance Sheet. The Company elected not to measure an allowance for accrued interest receivable and instead elected to reverse accrued interest income on loans that are placed on nonaccrual status. The Company believes this policy results in the timely reversal of uncollectible interest.
The method for calculating the allowance for unfunded loan commitments is based on applying an estimated funding rate to the unfunded loan commitment balance to determine a projected cashflow schedule. Then the quantitative loan loss rate from each loan pool as calculated in the DCF model described above is used to calculate the allowance for unfunded loan commitments which is included in interest payable and other liabilities on the consolidated balance sheet. |
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| Property, Plant and Equipment, Policy [Policy Text Block] |
Premises and equipment — Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are provided for in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives using the straight-line basis. The estimated lives used in determining depreciation and amortization are:
Leasehold improvements are amortized over the lesser of the useful life of the asset or the remaining term of the lease. The straight-line method of depreciation is followed for all assets for financial reporting purposes, but accelerated methods are used for tax purposes. Deferred income taxes have been provided for the resulting temporary differences. |
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| Income Tax, Policy [Policy Text Block] |
Income taxes — Deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities. Deferred tax assets and liabilities are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled using the liability method. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.
The Company files income tax returns in the U.S. federal jurisdiction, and the State of California. With few exceptions, the Company is no longer subject to U.S. federal tax examinations by tax authorities for years before or to state/local income tax examinations by tax authorities for years before . |
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| Income Tax, Investment Tax Credits, Policy [Policy Text Block] |
Low Income Housing Tax Credits (“LIHTC”) — The Company has invested in certain tax-advantaged projects promoting affordable housing, new markets, and historic rehabilitation. These investments are designed to generate returns primarily though the realization of federal and state income tax credits and other tax benefits, such as tax deductions from operating losses of the investments, over specified time periods. These investments involve significant management judgments, including a determination of which entities have the power to direct activities, and whether these entities are variable interest entities. The Company is required to evaluate whether to consolidate a variable interest entity at both inception and on an ongoing basis. The Company is not required to consolidate variable interest entities in which it has concluded it does not have a controlling financial interest and is not the primary beneficiary. The Company’s maximum exposure to loss related to its investments in these unconsolidated variable interest entities is limited to the carrying amount of the investment, net of any unfunded capital commitments and previously recorded tax credits which remain subject to recapture by taxing authorities based on compliance features required to be met at the project level. The Company believes potential losses from these investments are remote.
The Company has elected to apply the proportional amortization method in accounting for investments in LIHTCs. Income tax credits and other tax benefits, net of investment amortization, were included as a component of the Company’s estimated annual effective tax rate used for the calculation of income taxes presented on the Consolidated Statements of Income.
For additional information regarding these investments, see “Note 20 – Variable Interest Entities.” |
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| Transfers and Servicing of Financial Assets, Policy [Policy Text Block] |
Transfers of financial assets — Transfers of an entire financial asset, a group of financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that contain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
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| Advertising Cost [Policy Text Block] |
Advertising costs — The Company expenses advertising costs as they are incurred. Advertising expense was $1,047,000 and $922,000 for the years ended December 31, 2025 and 2024, respectively.
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| Comprehensive Income, Policy [Policy Text Block] |
Comprehensive income — Comprehensive income is comprised of net income and other comprehensive income (loss). Other comprehensive income (loss) includes items previously recorded directly to shareholders’ equity, such as unrealized gains and losses on securities available for sale. Comprehensive income is presented in the statements of comprehensive income and as a component of shareholders’ equity. For the years ended December 31, 2025 and 2024, a loss of $4,000 and a gain of $80,000, net of tax, respectively, was reclassified from comprehensive income into net income related to called and sold available for sale securities.
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| Federal Reserve Bank Stock, Policy [Policy Text Block] |
Federal Reserve Bank Stock — Federal Reserve Bank stock represents the Company’s investment in the stock of the Federal Reserve Bank (“FRB”) and is carried at par value, which reasonably approximates its fair value. While technically these are considered equity securities, there is no market for the FRB stock. Therefore, the shares are considered as restricted equity securities. Management periodically evaluates FRB stock for other-than-temporary impairment. Management’s determination of whether these investments are impaired is based on its assessment of the ultimate recoverability of cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of cost is influenced by criteria such as (1) the significance of any decline in net assets of the FRB as compared to the capital stock amount for the FRB and the length of time this situation has persisted, (2) commitments by the FRB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FRB, (3) the impact of legislative and regulatory changes on institutions and, accordingly, the customer base of the FRB, and (4) the liquidity position of the FRB. This investment is reflected as a component of interest receivable and other assets on the consolidated balance sheets.
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| Earnings Per Share, Policy [Policy Text Block] |
Federal Home Loan Bank Stock — Federal Home Loan Bank stock represents the Company’s investment in the stock of the Federal Home Loan Bank of San Francisco (“FHLB”) and is carried at par value, which reasonably approximates its fair value. While technically these are considered equity securities, there is no market for the FHLB stock. Therefore, the shares are considered as restricted equity securities. Management periodically evaluates FHLB stock for other-than-temporary impairment. Management’s determination of whether these investments are impaired is based on its assessment of the ultimate recoverability of cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of cost is influenced by criteria such as (1) the significance of any decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB, (3) the impact of legislative and regulatory changes on institutions and, accordingly, the customer base of the FHLB, and (4) the liquidity position of the FHLB. This investment is reflected as a component of interest receivable and other assets on the consolidated balance sheets.
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| Share-Based Payment Arrangement [Policy Text Block] | Stock based compensation — The Company recognizes in the consolidated statements of income the grant-date fair value of restricted stock, stock options and other equity-based forms of compensation issued to employees over the employees’ requisite service period (generally the vesting period). The Company uses the straight-line recognition of expenses for awards with graded vesting. The fair value of each restricted stock grant is based on the closing market price of the Company’s stock on the date of grant. The Company issued restricted stock grants totaling 48,883 and 72,269 shares in 2025 and 2024, respectively. | ||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments, Policy [Policy Text Block] |
Fair values of financial instruments — The consolidated financial statements include various estimated fair value information as of December 31, 2025 and 2024. Such information, which pertains to the Company’s financial instruments, does not purport to represent the aggregate net fair value of the Company. Further, the fair value estimates are based on various assumptions, methodologies, and subjective considerations, which vary widely among different financial institutions and which are subject to change.
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| Fair Value Measurement, Policy [Policy Text Block] |
Fair value measurements — The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The Company bases the fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record certain assets at fair value on a non-recurring basis, such as certain impaired loans held for investment and securities held to maturity that are other-than-temporarily impaired. These non-recurring fair value adjustments typically involve write-downs of individual assets due to application of lower-of-cost or market accounting.
The Company has established and documented a process for determining fair value. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when developing fair value measurements. Whenever there is no readily available market data, Management uses its best estimate and assumptions in determining fair value, but these estimates involve inherent uncertainties and the application of Management's judgment. As a result, if other assumptions had been used, our recorded earnings or disclosures could have been materially different from those reflected in these financial consolidated statements. |
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| Revenue [Policy Text Block] | Revenue recognition — Revenue from deposit account-related fees, including general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer or overdraft activities, is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. Investment advisory service fees are received from a third-party broker-dealer as part of a revenue sharing agreement for fees earned from customers that the Company refers to the third party for services that include custody of assets, investment management, trust services, and other fiduciary activities. Revenue is recognized when the performance obligation is completed, which is generally monthly. | ||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets, Policy [Policy Text Block] |
Goodwill and other intangible assets — As of December 31, 2025 intangible assets are comprised of goodwill of $3,313,000, which was acquired through a business combination, as compared to goodwill of $3,313,000 and core deposit intangible of $77,000 as of December 31, 2024. Intangible assets with definite useful lives are amortized over their respective estimated useful lives. If an event occurs that indicates the carrying amount of an intangible asset may not be recoverable, management reviews the asset for impairment. Any goodwill and any intangible asset acquired in a purchase business combination determined to have an indefinite useful life is not amortized, but is evaluated for impairment, at a minimum, on an annual basis.
The core deposit intangible represents the estimated future benefits of acquired deposits and is booked separately from the related deposits. The value of the core deposit intangible asset was determined using a discounted cash flow approach to arrive at the cost differential between the core deposits (non-maturity deposits such as transaction, savings and money market accounts) and alternative funding sources. The core deposit intangible is amortized on an accelerated basis over an estimated -year life, and it is evaluated periodically for impairment. At December 31, 2025, the core deposit intangibles was fully amortized and there is no future amortization expense.
The Company applies a qualitative analysis of conditions in order to determine if it is more likely than not that the carrying value is impaired. In the event that the qualitative analysis suggests that the carrying value of goodwill may be impaired, the Company uses several quantitative valuation methodologies in evaluating goodwill for impairment that includes assumptions made concerning the future earnings potential of the organization, and a market-based approach that looks at values for organizations of comparable size, structure and business model. The current year's review of qualitative factors did not indicate that impairment has occurred, as such no quantitative analysis was performed at December 31, 2025 and 2024. |
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| New Accounting Pronouncements, Policy [Policy Text Block] |
Recently Issued Accounting Standards —
In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). The update requires enhanced disclosures about significant segment expenses, enhanced interim disclosure requirements, clarification for when multiple segment measures of profit or loss can be disclosed and other requirements intended to improve overall reportable segment disclosures in annual and interim periods. ASU 2023-07 became effective in the annual period beginning on January 1, 2024 and became effective for interim periods beginning on January 1, 2025 with retrospective application to all prior periods presented. ASU 2023-07 did not have a material impact on disclosures, as the Company operates as a single segment and reporting unit.
In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 requires additional annual disclosures including further disaggregation of information in the rate reconciliation, additional information for reconciling items meeting a quantitative threshold, further disaggregation of income taxes paid and other required disclosures. ASU 2023-09 became effective for the Company in the annual period beginning on January 1, 2025 with retrospective application to all prior periods presented. ASU 2023-09 did not have a material impact on the Company’s income tax disclosures or financial statements.
In November 2024, the FASB issued ASU No. 2024-03, Income Statement–Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, to provide investors with more decision-useful information about a public business entity’s expense by improving disclosures on income statement expenses. The amendments in the ASU are effective for public business entities only for annual reporting periods beginning after December 15, 2026, and for interim reporting periods beginning after December 15, 2027. The Company does not anticipate this ASU will have a material impact on its financial statements.
In September 2025, the FASB issued ASU No. 2025-06, Intangibles–Goodwill and Other–Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06). ASU 2025-06 removes all references to project stages and requires entities to capitalize costs associated with internal-use software based on a new methodology, which focuses on management’s authorization and commitment to funding the project and the probability that the software will be completed and used to perform the function intended. ASU 2025-06 is effective for annual reporting periods beginning after December 15, 2027, and for interim reporting periods within those annual reporting periods, with early adoption permitted as of the beginning of an annual reporting period. The guidance can be applied prospectively, retrospectively, or by a modified transition approach. The Company is currently evaluating the impact this ASU will have on its financial statements. |
Note 1 - Summary of Accounting Policies (Tables) |
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| Property Plant and Equipment Estimated Useful Lives [Table Text Block] |
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Note 3 - Securities (Tables) |
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| Financing Receivable, Past Due [Table Text Block] |
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| Financing Receivable Credit Quality Indicators [Table Text Block] |
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| Financing Receivable, Allowance for Credit Loss [Table Text Block] |
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| Change in Allowance for Loan Losses [Table Text Block] |
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Note 5 - Premises and Equipment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Table Text Block] |
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Note 6 - Interest Receivable and Other Assets (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Interest Receivable and Other Assets [Table Text Block] |
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Note 7 - Deposits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Deposit Account Balances [Table Text Block] |
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| Schedule of Maturities of Deposit [Table Text Block] |
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Note 9 - Income Taxes (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
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| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
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| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
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Note 10 - Stock Option Plan (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] |
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Note 11 - Earnings Per Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
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Note 12 - Commitments and Contingent Liabilities (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] |
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| Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] |
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Note 13 - Financial Instruments and Fair Value Measurements (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, by Balance Sheet Grouping [Table Text Block] |
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| Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] |
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Note 14 - Related Party Transactions (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Tables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Related Party Transactions [Table Text Block] |
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Note 18 - Regulatory Matters (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] |
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Note 21 - Parent Only Condensed Financial Statements (Tables) |
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| Condensed Balance Sheet [Table Text Block] |
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| Condensed Income Statement [Table Text Block] |
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| Condensed Cash Flow Statement [Table Text Block] |
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Note 1 - Summary of Accounting Policies (Details Textual) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
shares
|
Dec. 31, 2024
USD ($)
shares
|
|
| Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest | $ 0 | $ 0 |
| Advertising Expense | 1,047,000 | 922,000 |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | $ 4,000 | $ 80,000 |
| Number of Forms of Outstanding Stock Awards | 2 | |
| Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares | 48,883 | 72,269 |
| Goodwill | $ 3,313,000 | $ 3,313,000 |
| Core Deposits [Member] | ||
| Finite-Lived Intangible Assets, Net | $ 77,000 | |
| Finite-Lived Intangible Asset, Useful Life | 10 years | |
| Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | ||
| Open Tax Year | 2022 2023 2024 2025 | |
| State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | ||
| Open Tax Year | 2021 2022 2023 2024 2025 | |
Note 1 - Summary of Accounting Policies - Premises and Equipment Estimated Useful Lives (Details) |
Dec. 31, 2025 |
|---|---|
| Building [Member] | |
| Property, plant, and equipment, useful life (Year) | 31 years 6 months |
| Equipment [Member] | Minimum [Member] | |
| Property, plant, and equipment, useful life (Year) | 3 years |
| Equipment [Member] | Maximum [Member] | |
| Property, plant, and equipment, useful life (Year) | 12 years |
| Furniture and Fixtures [Member] | Minimum [Member] | |
| Property, plant, and equipment, useful life (Year) | 3 years |
| Furniture and Fixtures [Member] | Maximum [Member] | |
| Property, plant, and equipment, useful life (Year) | 7 years |
| Leasehold Improvements [Member] | Minimum [Member] | |
| Property, plant, and equipment, useful life (Year) | 5 years |
| Leasehold Improvements [Member] | Maximum [Member] | |
| Property, plant, and equipment, useful life (Year) | 15 years |
Note 2 - Cash and Due From Banks (Details Textual) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Cash Reserve Deposit Required and Made | $ 175,988,000 | $ 102,484,000 |
| Cash, FDIC Insured Amount | 27,559,000 | |
| Cash, Uninsured Amount | $ 28,632,000 |
Note 3 - Securities (Details Textual) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|
| Equity Securities, FV-NI, Current | $ 3,424,000 | $ 3,169,000 |
| Equity Securities, FV-NI, Realized Gain (Loss) | 0 | 0 |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | 133,000 | (74,000) |
| Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 |
| Debt Securities, Available-for-Sale, Realized Gain (Loss) | $ (4,000) | $ 8,000 |
| Number of Debt Securities, Available-for-sale, Sold | 0 | 18 |
| Debt Securities, Available-for-Sale, Realized Gain | $ 106,000 | |
| Asset Pledged as Collateral [Member] | Public Funds [Member] | ||
| Debt Securities | $ 349,507,000 | $ 305,513,000 |
Note 3 - Securities - Maturity (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Due in one year or less, amortized cost | $ 100,096 | |
| Due in one year or less, fair value | 98,190 | |
| Due after one year through five years, amortized cost | 183,201 | |
| Due after one year through five years, fair value | 172,793 | |
| Due after five years through ten years, amortized cost | 143,410 | |
| Due after five years through ten years, fair value | 132,901 | |
| Due after ten years, amortized cost | 28,684 | |
| Due after ten years, fair value | 27,983 | |
| Subtotal, amortized cost | 455,391 | |
| Subtotal, fair value | 431,867 | |
| Mortgage-backed securities and collateralized mortgage obligations, amortized cost | 114,649 | |
| Mortgage-backed securities and collateralized mortgage obligations, fair value | 111,665 | |
| Total, amortized cost | 570,040 | $ 560,143 |
| Total, fair value | $ 543,532 | $ 526,496 |
Note 4 - Loans - Changes in the Allowance, Off-balance-sheet Commitments (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Balance, beginning of year | $ 346 | $ 609 |
| Balance, end of year | 684 | 346 |
| Provision for Credit Losses [Member] | ||
| Provision for off balance sheet commitments | (182) | (263) |
| Non-interest Expense [Member] | ||
| Provision for off balance sheet commitments | $ 520 | $ 0 |
Note 5 - Premises and Equipment (Details Textual) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Depreciation | $ 1,380,000 | $ 1,325,000 |
Note 5 - Premises and Equipment - Classifications of Premises and Equipment (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Property, plant, and equipment | $ 33,671 | $ 29,650 |
| Less accumulated depreciation | (14,624) | (13,331) |
| Property, Plant and Equipment, Net | 19,047 | 16,319 |
| Land [Member] | ||
| Property, plant, and equipment | 5,512 | 5,195 |
| Building [Member] | ||
| Property, plant, and equipment | 15,701 | 10,967 |
| Leasehold Improvements [Member] | ||
| Property, plant, and equipment | 5,556 | 5,465 |
| Furniture and Fixtures [Member] | ||
| Property, plant, and equipment | 6,600 | 5,382 |
| Construction in Progress [Member] | ||
| Property, plant, and equipment | $ 302 | $ 2,641 |
Note 6 - Interest Receivable and Other Assets - Other Assets (Details) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Restricted equity securities | $ 7,061,000 | $ 6,285,000 |
| Interest income receivable on loans | 3,510,000 | 3,268,000 |
| Interest income receivable on investments | 5,368,000 | 5,291,000 |
| Investments in limited partnerships | $ 16,032,000 | $ 12,417,000 |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Interest Receivable and Other Assets | Interest Receivable and Other Assets |
| Lease right of use asset | $ 7,239,000 | $ 6,663,000 |
| Prepaid expenses and other | 2,328,000 | 1,982,000 |
| Interest Receivable and Other Assets | $ 41,538,000 | $ 35,906,000 |
Note 7 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Demand | $ 1,180,953 | $ 1,101,755 |
| Money market deposit accounts | 383,819 | 381,005 |
| Savings | 115,121 | 121,535 |
| Time deposits $250,000 and under | 69,173 | 53,803 |
| Time deposits over $250,000 | 43,896 | 37,592 |
| Total deposits | $ 1,792,962 | $ 1,695,690 |
Note 7 - Deposits - Certificates of Deposit Issued and Remaining Maturities (Details) $ in Thousands |
Dec. 31, 2025
USD ($)
|
|---|---|
| 2026 | $ 110,745 |
| 2027 | 1,752 |
| 2028 | 540 |
| 2029 | 32 |
| Time Deposits | $ 113,069 |
Note 8 - FHLB Advances (Details Textual) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Advance from Federal Home Loan Bank | $ 0 | $ 0 |
| Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 401,673,000 | 364,379,000 |
| Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 1,143,930,000 | $ 1,106,535,000 |
Note 9 - Income Taxes (Details Textual) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Unrecognized Tax Benefits | $ 0 | $ 0 |
| Internal Revenue Service (IRS) [Member] | ||
| Income Tax Paid, Federal, after Refund Received | 2,275,000 | 3,100,000 |
| California Franchise Tax Board [Member] | ||
| Income Tax Paid, State and Local, after Refund Received | $ 2,805,000 | $ 3,285,000 |
| Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | ||
| Open Tax Year | 2022 2023 2024 2025 | |
| State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | ||
| Open Tax Year | 2021 2022 2023 2024 2025 | |
Note 9 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Federal, Current | $ 3,958 | $ 4,443 |
| State, Current | 2,967 | 3,148 |
| Current | 6,925 | 7,591 |
| Federal, Deferred | (19) | (152) |
| State, Deferred | (169) | (195) |
| Deferred Federal, State and Local, Tax Expense (Benefit) | (188) | (347) |
| Income Tax Expense (Benefit) | $ 6,737 | $ 7,244 |
Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Allowance for credit losses | $ 3,659 | $ 3,388 |
| Restricted stock expense | 153 | 169 |
| Accrued vacation | 174 | 134 |
| Accrued salary continuation liability | 1,905 | 1,855 |
| Deferred compensation | 74 | 78 |
| Core deposit intangible | 102 | 99 |
| Merger Costs | 39 | 47 |
| Reserve for undisbursed commitments | 202 | 102 |
| Operating lease liability | 2,253 | 2,073 |
| State income tax | 607 | 638 |
| Unrealized loss on equity securities | 192 | 231 |
| Accumulated depreciation | (31) | 156 |
| Unrealized loss on securities available for sale | 7,839 | 9,949 |
| Deferred Tax Assets, Gross | 17,168 | 18,919 |
| Prepaid expenses | (108) | (134) |
| FHLB dividends | (144) | (144) |
| Operating lease right-of-use asset | (2,140) | (1,970) |
| Deferred loan costs | (316) | (334) |
| Goodwill Amortization | (653) | (588) |
| Limited partner investment in small business equity fund | (228) | (248) |
| Deferred Tax Liabilities, Gross | (3,589) | (3,418) |
| Net deferred income tax asset | $ 13,579 | $ 15,501 |
Note 9 - Income Taxes - Effective Tax Rate Reconciliation (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Federal statutory income tax rate | $ 6,436 | $ 6,760 |
| Federal statutory income tax rate, percent | 21.00% | 21.00% |
| State taxes, net of federal tax benefit | $ 2,625 | $ 2,757 |
| State taxes, net of federal tax benefit, percent | 8.60% | 8.60% |
| Tax exempt interest on municipal securities and loans | $ (1,584) | $ (1,612) |
| Tax exempt interest on municipal securities and loans, percent | (5.20%) | (5.00%) |
| Other | $ (395) | $ (204) |
| Other, percent | (1.30%) | (0.70%) |
| Low-income housing tax credits | $ (345) | $ (457) |
| Low-income housing tax credits, percent | (1.10%) | (1.40%) |
| Income Tax Expense (Benefit) | $ 6,737 | $ 7,244 |
| Total, percent | 22.00% | 22.50% |
Note 10 - Stock Option Plan - Restricted Stock (Details) - Restricted Stock [Member] - $ / shares |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Unvested, Shares (in shares) | 132,707 | 92,991 |
| Unvested, Weighted average grant date fair value (in dollars per share) | $ 23.4 | $ 21.96 |
| Issued, shares (in shares) | 48,883 | 72,269 |
| Issued, Weighted average grant date fair value (in dollars per share) | $ 27.51 | $ 24.31 |
| Vested, Shares (in shares) | (35,125) | (30,603) |
| Vested, Weighted average grant date fair value (in dollars per share) | $ 22.31 | $ 20.55 |
| Forfeited, shares (in shares) | (7,500) | (1,950) |
| Forfeited, Weighted average grant date fair value (in dollars per share) | $ 24.13 | $ 22.75 |
| Unvested, Shares (in shares) | 138,965 | 132,707 |
| Unvested, Weighted average grant date fair value (in dollars per share) | $ 25.08 | $ 23.4 |
Note 11 - Earnings Per Share (Details Textual) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Number Of Forms Of Outstanding Common Stock | 2 |
Note 11 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Net income, Amount | $ 23,913 | $ 24,948 |
| Net income, Weighted avg shares (in shares) | 8,243,285 | 8,218,846 |
| Net income per share (in dollars per share) | $ 2.9 | $ 3.04 |
| Non-vested restricted stock, Weighted avg shares (in shares) | 48,616 | 40,011 |
| Total dilutive shares, Weighted avg shares (in shares) | 48,616 | 40,011 |
| Net income per diluted share, Weighted avg shares (in shares) | 8,291,901 | 8,258,857 |
| Net income per diluted share (in dollars per share) | $ 2.88 | $ 3.02 |
Note 12 - Commitments and Contingent Liabilities (Details Textual) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Operating Lease, Expense | $ 1,608,000 | $ 1,542,000 |
| Operating Lease, Weighted Average Remaining Lease Term | 5 years 8 months 12 days | 6 years 7 months 6 days |
| Operating Lease, Weighted Average Discount Rate, Percent | 3.15% | 3.24% |
| Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Interest payable and other liabilities | Interest payable and other liabilities |
| Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Interest payable and other liabilities | Interest payable and other liabilities |
| Operating Lease, Liability | $ 7,619,000 | $ 7,013,000 |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Interest receivable and other assets | Interest receivable and other assets |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Interest receivable and other assets | Interest receivable and other assets |
| Operating Lease, Right-of-Use Asset | $ 7,239,000 | $ 6,663,000 |
Note 12 - Commitments and Contingent Liabilities - Future Minimum Commitments Under Operating Leases (Details) - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| 2026 | $ 1,626,000 | |
| 2027 | 1,535,000 | |
| 2028 | 1,516,000 | |
| 2029 | 1,374,000 | |
| 2030 | 1,133,000 | |
| Thereafter | 1,475,000 | |
| Lessee, Operating Lease, Liability, to be Paid | 8,659,000 | |
| Present value discount | $ (1,040,000) | |
| Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Interest payable and other liabilities | Interest payable and other liabilities |
| Present value of lease liabilities | $ 7,619,000 | $ 7,013,000 |
Note 12 - Commitments and Contingent Liabilities - Financial Instruments Whose Contract Amounts Represent Credit Risk (Details) $ in Thousands |
Dec. 31, 2025
USD ($)
|
|---|---|
| Fair value of off-balance sheet risks | $ 218,992 |
| Undisbursed Loan Commitments [Member] | |
| Fair value of off-balance sheet risks | 195,467 |
| Checking Reserve [Member] | |
| Fair value of off-balance sheet risks | 793 |
| Equity Line [Member] | |
| Fair value of off-balance sheet risks | 18,617 |
| Standby Letters of Credit [Member] | |
| Fair value of off-balance sheet risks | $ 4,115 |
Note 13 - Financial Instruments and Fair Value Measurements (Details Textual) |
Dec. 31, 2025 |
|---|---|
| Measurement Input, Combination of Appraisals, Internally Determined Adjustments to Loan Value, and Customized Discounts [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |
| Individual Evaluated Loans, Measurement Input | 0.034 |
Note 14 - Related Party Transactions (Details Textual) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2025 |
|
| Related Party Deposit Liabilities | $ 15,200,000 | $ 7,185,000 |
| Design Studio 120 [Member] | Construction, Renovation and Design Work [Member] | ||
| Related Party Transaction, Amounts of Transaction | $ 236,000 |
Note 14 - Related Party Transactions - Loans to Related Parties (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Aggregate amount outstanding, beginning of year | $ 11,251 | $ 11,046 |
| New loans or advances during year | 17,263 | 3,623 |
| Repayments during year | (15,246) | (3,418) |
| Aggregate amount outstanding, end of year | $ 13,268 | $ 11,251 |
Note 15 - Profit Sharing Plan (Details Textual) |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|
| The 401k, Profit Sharing Plan, Minimum Term of Employment | 6 months | |
| The 401k, Profit Sharing Plan, Minimum Age Requirement | 21 | |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 1,295,000 | $ 1,228,000 |
Note 17 - Other Post-retirement Benefit Plans (Details Textual) - USD ($) |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Dec. 31, 2001 |
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Liability, Other Postretirement Defined Benefit Plan | $ 6,445,000 | $ 6,275,000 | |
| Bank Owned Life Insurance | $ 36,899,000 | $ 37,558,000 | |
| Director Retirement Plan [Member] | |||
| Other Postretirement Defined Benefit Plan Expected Annual Future Benefit Payments Period | 10 years | 10 years | |
| Minimum [Member] | |||
| Other Postretirement Defined Benefit Plan Expected Annual Future Benefit Payments Period | 10 years | ||
| Maximum [Member] | |||
| Other Postretirement Defined Benefit Plan Expected Annual Future Benefit Payments Period | 20 years |
Note 18 - Regulatory Matters (Details Textual) |
Jan. 01, 2019 |
Jul. 31, 2013 |
|---|---|---|
| Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | |
| Banking Regulation, Tier 1 Risk-Based Capital Ratio, Capital Adequacy, Minimum | 0.06 | |
| Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum | 0.08 | |
| Banking Regulation, Tier 1 Leverage Capital Ratio, Capital Adequacy, Minimum | 0.04 | |
| Capital Conservation Buffer | 2.50% |
Note 19 - Segment Reporting (Details Textual) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Number of Reportable Segments | 1 |
Note 21 - Parent Only Condensed Financial Statements - Condensed Balance Sheets (Details) (Parentheticals) - $ / shares $ / shares in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Common Stock, No Par Value (in dollars per share) | $ 0 | $ 0 |
| Common Stock, Shares Authorized (in shares) | 50,000,000 | 50,000,000 |
| Common Stock, Shares, Issued (in shares) | 8,388,221 | 8,357,211 |
| Common Stock, Shares, Outstanding (in shares) | 8,388,221 | 8,357,211 |
| Parent Company [Member] | ||
| Common Stock, No Par Value (in dollars per share) | $ 0 | $ 0 |
| Common Stock, Shares Authorized (in shares) | 50,000,000 | 50,000,000 |
| Common Stock, Shares, Issued (in shares) | 8,388,221 | 8,357,211 |
| Common Stock, Shares, Outstanding (in shares) | 8,388,221 | 8,357,211 |
Note 21 - Parent Only Condensed Financial Statements - Condensed Statements of Income (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Total income | $ 87,922 | $ 82,894 |
| Salary expense | 30,839 | 28,640 |
| Other operating expenses | 10,542 | 8,863 |
| Total expenses | 50,274 | 46,017 |
| Income before income tax benefit | 30,650 | 32,192 |
| Income tax benefit | (6,737) | (7,244) |
| Net income | 23,913 | 24,948 |
| Parent Company [Member] | ||
| Dividends declared by subsidiary | 5,022 | 4,222 |
| Total income | 5,022 | 4,222 |
| Salary expense | 220 | 160 |
| Employee benefit expense | 904 | 845 |
| Legal expense | 120 | 71 |
| Other operating expenses | 104 | 101 |
| Total expenses | 1,348 | 1,177 |
| Income before equity in undistributed income of subsidiary | 3,674 | 3,045 |
| Equity in undistributed net income of subsidiary | 19,788 | 21,510 |
| Income before income tax benefit | 23,462 | 24,555 |
| Income tax benefit | (451) | (393) |
| Net income | $ 23,913 | $ 24,948 |