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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2024

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
		March 31, 2024
		Amortized				Gross Unrealized								Fair
(dollars in thousands) Corporate bonds [Member]		Cost				Gains				Losses				Value
Available for sale Asset-backed securities [Member]
Corporate bonds		$	2,140				-				253				1,887
US treasuries US treasuries [Member]			999				-				111				888
US government agencies US government agencies [Member]			20,183				-				1,986				18,197
State and political subdivisions State and political subdivisions [Member]			22,579				-				3,042				19,537
Asset-backed securities Mortgage-backed securities [Member]			34,247				33				76				34,204
Mortgage-backed securities			60,782				-				9,499				51,283
Total investment securities available for sale		$	140,930				33				14,967				125,996
			December 31, 2023
			Amortized				Gross Unrealized								Fair
			Cost				Gains				Losses				Value
Available for sale
Corporate bonds		$	2,147				-				237				1,910
US treasuries			9,495				1				102				9,394
US government agencies			20,594				-				1,938				18,656
State and political subdivisions			22,642				11				2,912				19,741
Asset-backed securities			33,450				2				216				33,236
Mortgage-backed securities			60,730				-				8,965				51,765
Total investment securities available for sale		$	149,058				14				14,370				134,702

Schedule of maturities and yields on the company’s investment securities

Schedule of maturities and yields on the company’s investment securities
	March 31, 2024
		Less than one year								One to five years								Five to ten years								Over ten years								Total
(dollars in thousands)			Amount				Yield				Amount				Yield				Amount				Yield				Amount				Yield				Amount				Yield
Available for sale
Corporate bonds Corporate bonds [Member]		$	-				-			$	-				-			$	1,887				2.01	%		$	-				-			$	1,887				2.01	%
US treasuries			-				-				888				1.27	%			-				-				-				-				888				1.27	%
US government agencies US government agencies [Member]			980				0.45	%			2,380				1.00	%			14,837				4.38	%			-				-				18,197				3.72	%
State and political subdivisions State and political subdivisions [Member]			-				-				902				1.94	%			5,744				1.89	%			12,891				2.15	%			19,537				2.07	%
Asset-backed securities Asset-backed securities [Member]			-				-				211				6.21	%			-				-				33,993				6.61	%			34,204				6.61	%
Mortgage-backed securities Mortgage-backed securities [Member]			-				-				6,626				1.29	%			3,419				1.54	%			41,238				2.04	%			51,283				1.91	%
Total investment securities Total investment securities [Member]		$	980				0.45	%		$	11,007				1.37	%		$	25,887				3.28	%		$	88,122				3.82	%		$	125,996				3.47	%
			December 31, 2023
			Less than one year								One to five years								Five to ten years								Over ten years								Total
(dollars in thousands)			Amount				Yield				Amount				Yield				Amount				Yield				Amount				Yield				Amount				Yield
Available for sale
Corporate bonds		$	-				-			$	-				-			$	1,910				2.01	%		$	-				-			$	1,910				2.01	%
US treasuries			8,497				5.42	%			897				1.27	%			-				-				-				-				9,394				5.02	%
US government agencies			970				0.45	%			2,385				1.00	%			15,301				4.41	%			-				-				18,656				3.77	%
State and political subdivisions			-				-				906				1.94	%			5,769				1.89	%			13,066				2.15	%			19,741				2.06	%
Asset-backed securities			-				-				296				(6.13	%)			-				-				32,940				6.63	%			33,236				6.57	%
Mortgage-backed securities			-				-				4,795				1.15	%			5,400				1.59	%			41,570				2.00	%			51,765				1.87	%
Total investment securities		$	9,467				4.91	%		$	9,279				0.98	%		$	28,380				3.20	%		$	87,576				3.76	%		$	134,702				3.55	%

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
																										March 31, 2024
		Less than 12 months												12 months or longer												Total
(dollars in thousands)		#				Fair value				Unrealized losses				#				Fair value				Unrealized losses				#				Fair value				Unrealized losses
Available for sale
Corporate bonds			-			$	-			$	-				1			$	1,887			$	253				1			$	1,887			$	253
US treasuries			-				-				-				1				888				111				1				888				111
US government agencies			2				7,133				39				10				11,064				1,947				12				18,197				1,986
State and political subdivisions			2				759				4				30				18,778				3,038				32				19,537				3,042
Asset-backed			4				11,343				31				7				4,567				45				11				15,910				76
Mortgage-backed securities			1				1,387				8				64				49,896				9,491				65				51,283				9,499
Total investment securities			9			$	20,622			$	82				113			$	87,080			$	14,885				122			$	107,702			$	14,967
		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
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 securities Mortgage-backed securities [Member]			2				2,869				36				62				48,896				8,929				64				51,765				8,965
Total investment securities			12			$	37,148			$	231				111			$	86,656			$	14,139				123			$	123,804			$	14,370

Schedule of other investments

Schedule of other investments
(dollars in thousands)		March 31, 2024				December 31, 2023
Federal Home Loan Bank stock		$	14,633				16,063
Other nonmarketable investments			3,463				3,473
Investment in Trust Preferred subsidiaries			403				403
Total other investments		$	18,499				19,939

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- Definition

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

+ References

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- Definition

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

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- 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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

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Tabular disclosure of unrealized gains and losses on investments.

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