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Debt Securities (Tables)

3 Months Ended

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)

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
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-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

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

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