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Debt Securities (Tables) | 3 Months Ended
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Mar. 31, 2025
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:
| March 31, 2025
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
MBS, residential | $ | 144,433 |  |  | $ | 1,446 |  |  | $ | (1,658) |  |  | $ | 144,221 |
Municipal bonds | 1,923 |  |  | — |  |  | (35) |  |  | 1,888 |
Corporate bonds | 5,000 |  |  | — |  |  | (532) |  |  | 4,468 |
Total | $ | 151,356 |  |  | $ | 1,446 |  |  | $ | (2,225) |  |  | $ | 150,577 |
| December 31, 2024
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
MBS, residential | $ | 145,748 |  |  | $ | 887 |  |  | $ | (2,488) |  |  | $ | 144,147 |
Municipal bonds | 3,451 |  |  | — |  |  | (55) |  |  | 3,396 |
Corporate bonds | 5,000 |  |  | — |  |  | (532) |  |  | 4,468 |
Total | $ | 154,199 |  |  | $ | 887 |  |  | $ | (3,075) |  |  | $ | 152,011 |
Investments Classified by Contractual Maturity Date | Debt securities available for sale by contractual maturity at March 31, 2025 and December 31, 2024 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.
| March 31, 2025
| Amortized Cost |  | Estimated Fair Value
Due within one year | $ | — |  |  | $ | — |
Due after one year through five years | 1,923 |  |  | 1,888 |
Due after five years through ten years | 5,000 |  |  | 4,468 |
Due after ten years | — |  |  | — |
MBS, residential | 144,433 |  |  | 144,221 |
Total | $ | 151,356 |  |  | $ | 150,577 |
| December 31, 2024
| Amortized Cost |  | Estimated Fair Value |  |  |  |
Due within one year | $ | 1,522 |  |  | $ | 1,520 |  |  |  |  |
Due after one year through five years | 1,929 |  |  | 1,876 |  |  |  |  |
Due after five years through ten years | 5,000 |  |  | 4,468 |  |  |  |  |
Due after ten years | — |  |  | — |  |  |  |  |
MBS, residential | 145,748 |  |  | 144,147 |  |  |  |  |
Total | $ | 154,199 |  |  | $ | 152,011 |  |  |  |  |
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 March 31, 2025 and December 31, 2024 were as follows:
| March 31, 2025
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
MBS, residential | $ | 14,769 |  |  | $ | (142) |  |  | $ | 59,701 |  |  | $ | (1,516) |  |  | $ | 74,470 |  |  | $ | (1,658) |
Municipal bonds | — |  |  | — |  |  | 1,888 |  |  | (35) |  |  | 1,888 |  |  | (35) |
Corporate bonds | — |  |  | — |  |  | 3,718 |  |  | (532) |  |  | 3,718 |  |  | (532) |
Total | $ | 14,769 |  |  | $ | (142) |  |  | $ | 65,307 |  |  | $ | (2,083) |  |  | $ | 80,076 |  |  | $ | (2,225) |
| December 31, 2024
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
MBS, residential | $ | 30,995 |  |  | $ | (515) |  |  | $ | 61,515 |  |  | $ | (1,973) |  |  | $ | 92,510 |  |  | $ | (2,488) |
Municipal bonds | — |  |  | — |  |  | 3,396 |  |  | (55) |  |  | 3,396 |  |  | (55) |
Corporate bonds | — |  |  | — |  |  | 3,718 |  |  | (532) |  |  | 3,718 |  |  | (532) |
Total | $ | 30,995 |  |  | $ | (515) |  |  | $ | 68,629 |  |  | $ | (2,560) |  |  | $ | 99,624 |  |  | $ | (3,075) |

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