XML 49 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Debt Securities (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

Debt securities available for sale consist of the following at the dates indicated:

			June 30, 2024
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
MBS, residential			$	128,743					$	810					$	(2,971)					$	126,582
Municipal bonds			3,469						—						(91)						3,378
Corporate bonds			5,000						—						(825)						4,175
Total			$	137,212					$	810					$	(3,887)					$	134,135

			December 31, 2023
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
MBS, residential			$	105,477					$	1,194					$	(2,172)					$	104,499
Municipal bonds			3,487						—						(78)						3,409
Corporate bonds			20,000						—						(958)						19,042
Total			$	128,964					$	1,194					$	(3,208)					$	126,950

Investments Classified by Contractual Maturity Date

Debt securities available for sale by contractual maturity at June 30, 2024 and December 31, 2023 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.

			June 30, 2024
			Amortized Cost						Estimated Fair Value
Due within one year			$	1,528					$	1,514
Due after one year through five years			1,941						1,864
Due after five years through ten years			5,000						4,175
Due after ten years			—						—
MBS, residential			128,743						126,582
Total			$	137,212					$	134,135

			December 31, 2023
			Amortized Cost						Estimated Fair Value
Due within one year			$	15,000					$	14,848
Due after one year through five years			3,487						3,409
Due after five years through ten years			5,000						4,194
Due after ten years			—						—
MBS, residential			105,477						104,499
Total			$	128,964					$	126,950

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2024 and December 31, 2023 were as follows:

			June 30, 2024
			Less than 12 Months												12 Months or More												Total
			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
MBS, residential			$	24,755					$	(162)					$	77,572					$	(2,809)					$	102,327					$	(2,971)
Municipal bonds			—						—						3,378						(91)						3,378						(91)
Corporate bonds			—						—						3,425						(825)						3,425						(825)
Total			$	24,755					$	(162)					$	84,375					$	(3,725)					$	109,130					$	(3,887)

			December 31, 2023
			Less than 12 Months												12 Months or More												Total
			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
MBS, residential			$	46,978					$	(393)					$	35,200					$	(1,779)					$	82,178					$	(2,172)
Municipal bonds			—						—						3,409						(78)						3,409						(78)
Corporate bonds			618						(132)						17,674						(826)						18,292						(958)
Total			$	47,596					$	(525)					$	56,283					$	(2,683)					$	103,879					$	(3,208)

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479106/326-30-50-4

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration