XML 73 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities Reconciliation
The following tables provide information on the amortized cost and estimated fair values of investment securities at December 31, 2024 and 2023.
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Available for sale securities:
December 31, 2024
U.S. Treasury and government agency securities$22,984 $4 $2,786 $20,202 
Mortgage-backed securities130,439 84 8,139 122,384 
Other debt securities6,170 469 13 6,626 
Total$159,593 $557 $10,938 $149,212 
December 31, 2023
U.S. Treasury and government agency securities$23,472 $5 $3,002 $20,475 
Mortgage-backed securities91,280 5 7,258 84,027 
Other debt securities6,080 59 120 6,019 
Total$120,832 $69 $10,380 $110,521 
Schedule of Held-to-Maturity
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAllowance for Credit Losses
Held to maturity securities:
December 31, 2024
U.S. Treasury and government agency securities$132,560 $— $8,555 $124,005 $— 
Mortgage-backed securities336,755 — 47,234 289,521 — 
Obligations of states and political entities1,465 19 34 1,450 — 
Other debt securities10,500 — 742 9,758 203 
Total$481,280 $19 $56,565 $424,734 $203 
December 31, 2023
U.S. Treasury and government agency securities$143,442 $— $10,377 $133,065 $— 
Mortgage-backed securities357,870 — 43,864 314,006 — 
Obligations of states and political entities1,470 57 19 1,508 — 
Other debt securities10,500 — 1,249 9,251 94 
Total$513,282 $57 $55,509 $457,830 $94 
Summary of Activity in the ACL on held-to maturity securities
The following table summarizes the activity in the ACL on HTM securities.
Year Ended December 31,
($ in thousands)20242023
Balance, beginning of period$94 $— 
Provision for credit losses, other debt securities109 94 
Balance, end of period$203 $94 
Summary of Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value
The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2024 and 2023.
Less than 12 MonthsMore than 12 MonthsTotal
($ in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
December 31, 2024
Available for sale securities:
U.S. Treasury and government agency securities$207 $— $17,422 $2,786 $17,629 $2,786 
Mortgage-backed securities56,913 710 48,782 7,429 105,695 8,139 
Other debt securities— — 1,988 13 1,988 13 
Total$57,120 $710 $68,192 $10,228 $125,312 $10,938 
Less than 12 MonthsMore than 12 MonthsTotal
($ in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
December 31, 2023
Available for sale securities:
U.S. Treasury and government agency securities$74 $— $17,750 $3,002 $17,824 $3,002 
Mortgage-backed securities24,405 150 52,864 7,108 77,269 7,258 
Other debt securities— — 1,890 120 1,890 120 
Total$24,479 $150 $72,504 $10,230 $96,983 $10,380 
Schedule of Securities Debt Maturities
The following table provides information on the amortized cost and estimated fair values of investment securities by contractual maturity date at December 31, 2024.
Available for SaleHeld to Maturity
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$2,454 $2,456 $7,000 $6,962 
Due after one year through five years15,250 13,655 118,246 111,752 
Due after five years through ten years10,993 10,283 7,912 7,175 
Due after ten years457 434 11,367 9,324 
29,154 26,828 144,525 135,213 
Mortgage-backed securities130,439 122,384 336,755 289,521 
Total$159,593 $149,212 $481,280 $424,734 
Summary of Amortized Cost and Estimated Fair Values of Securities
The following table sets forth the amortized cost and estimated fair values of securities which have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at December 31, 2024 and 2023.
20242023
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Pledged available for sale securities$76,280 $67,926 $62,290 $54,489 
Pledged held to maturity securities197,474 173,248 185,876 167,649