XML 45 R31.htm IDEA: XBRL DOCUMENT v3.24.0.1

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized costs and fair value of investment securities

Schedule of amortized costs and fair value of investment securities
		December 31, 2023
Asset-backed securities [Member]		Amortized				Gross Unrealized								Fair
(dollars in thousands)		Cost				Gains				Losses				Value
Available for sale
Corporate bonds Corporate bonds [Member]		$	2,147				-				237				1,910
US treasuries US treasuries [Member]			9,495				1				102				9,394
US government agencies US government agencies [Member]			20,594				-				1,938				18,656
State and political subdivisions State and political subdivisions [Member]			22,642				11				2,912				19,741
Asset-backed securities			33,450				2				216				33,236
Mortgage-backed securities Mortgage-backed securities [Member]
FHLMC FHLMC [Member]			23,070				-				3,492				19,578
FNMA FNMA [Member]			32,667				-				4,778				27,889
GNMA GNMA [Member]			4,993				-				695				4,298
Total mortgage-backed securities			60,730				-				8,965				51,765
Total		$	149,058				14				14,370				134,702

		December 31, 2022
		Amortized				Gross Unrealized								Fair
(dollars in thousands)		Cost				Gains				Losses				Value
Available for sale
Corporate bonds		$	2,172				-				289				1,883
US treasuries			999				-				128				871
US government agencies			13,007				-				2,390				10,617
State and political subdivisions			22,910				-				4,004				18,906
Asset-backed securities			6,435				-				206				6,229
Mortgage-backed securities
FHLMC			24,086				-				3,745				20,341
FNMA			35,141				-				5,520				29,621
GNMA			5,573				-				694				4,879
Total mortgage-backed securities			64,800				-				9,959				54,841
Total		$	110,323				-				16,976				93,347

Schedule of amortized costs and fair values of investment securities available for sale by contractual maturity

Schedule of amortized costs and fair values of investment securities available for sale by contractual maturity
		December 31, 2023								December 31, 2022
(dollars in thousands)		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Available for sale
Due within one year		$	9,503				9,467			$	-				-
Due after one through five years			10,222				9,279				9,398				8,277
Due after five through ten years			32,159				28,380				24,436				20,043
Due after ten years			97,174				87,576				76,489				65,027
		$	149,058				134,702			$	110,323				93,347

Schedule of gross unrealized losses on investment securities and fair market value of related securities

Schedule of gross unrealized losses on investment securities and fair market value of related securities
		December 31, 2023
		Less than 12 months												12 months or longer												Total
(dollars in thousands)		#				Fair value				Unrealized losses				#				Fair value				Unrealized losses				#				Fair value				Unrealized losses
As of December 31, 2023
Available for sale
Corporate bonds			-			$	-			$	-				1			$	1,910			$	237				1			$	1,910			$	237
US treasuries			-				-				-				1				897				102				1				897				102
US government agencies			2				7,533				50				10				11,123				1,888				12				18,656				1,938
State and political subdivisions			-				-				-				30				18,964				2,912				30				18,964				2,912
Asset-backed			8				26,746				145				7				4,866				71				15				31,612				216
Mortgage-backed
FHLMC			2				2,869				36				19				16,709				3,456				21				19,578				3,492
FNMA			-				-				-				37				27,889				4,778				37				27,889				4,778
GNMA			-				-				-				6				4,298				695				6				4,298				695
			12			$	37,148			$	231				111			$	86,656			$	14,139				123			$	123,804			$	14,370
		December 31, 2022
		Less than 12 months												12 months or longer												Total
(dollars in thousands)		#				Fair value				Unrealized losses				#				Fair value				Unrealized losses				#				Fair value				Unrealized losses
As of December 31, 2022
Available for sale
Corporate bonds			-			$	-			$	-				1			$	1,883			$	289				1			$	1,883			$	289
US treasuries			-				-				-				1				871				128				1				871				128
US government agencies			-				-				-				10				10,617				2,390				10				10,617				2,390
State and political subdivisions			10				5,101				763				22				13,805				3,241				32				18,906				4,004
Asset-backed			5				4,291				135				3				1,938				71				8				6,229				206
Mortgage-backed
FHLMC FHLMC [Member]			4				3,712				155				17				16,629				3,590				21				20,341				3,745
FNMA Mortgage-backed securities [Member]			9				2,208				201				28				27,413				5,319				37				29,621				5,520
GNMA			1				103				7				6				4,776				687				7				4,879				694
			29			$	15,415			$	1,261				88			$	77,932			$	15,715				117			$	93,347			$	16,976

Schedule of other investments

Schedule of other investments
		December 31,
(dollars in thousands)		2023				2022
Federal Home Loan Bank stock		$	16,063			$	9,250
Other nonmarketable investments			3,473				1,180
Investment in Trust Preferred subsidiaries			403				403
Total other investments		$	19,939			$	10,833

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

X

- Definition

Tabular disclosure of other investments not readily marketable, including, but not limited to, description of investment, fair value and value as measured by quoted price.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 940
-SubTopic 820
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481753/940-820-50-1

+ Details

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

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-6

+ Details

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