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Investment Securities (Tables) | 9 Months Ended
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Sep. 30, 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 2024 |
|  | Amortized |  |  | Gross Unrealized |  | Fair |
(dollars in thousands) Corporate bonds [Member] |  | Cost |  |  | Gains |  |  | Losses |  | Value |
Available for sale Asset-backed securities [Member] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds US treasuries [Member] |  | $ | 2,128 |  |  |  | - |  |  |  | 181 |  |  | 1,947 |
US treasuries |  |  | 999 |  |  |  | - |  |  |  | 75 |  |  | 924 |
US government agencies US government agencies [Member] |  |  | 18,113 |  |  |  | 4 |  |  |  | 1,431 |  |  | 16,686 |
State and political subdivisions State and political subdivisions [Member] |  |  | 22,450 |  |  |  | - |  |  |  | 2,427 |  |  | 20,023 |
Asset-backed securities Mortgage-backed securities [Member] |  |  | 34,271 |  |  |  | 70 |  |  |  | 76 |  |  | 34,265 |
Mortgage-backed securities |  |  | 68,108 |  |  |  | 35 |  |  |  | 7,391 |  |  | 60,752 |
Total investment securities available for sale |  | $ | 146,069 |  |  |  | 109 |  |  |  | 11,581 |  |  | 134,597 |
|  | 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 contractual maturities and yields on the company's investment securities |
Schedule of contractual maturities and yields on the company's investment securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | September 30, 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] |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | 1,947 |  |  |  | 2.02 | % |  | $ | - |  |  |  | - |  |  | $ | 1,947 |  |  |  | 2.02 | %
US treasuries |  |  | - |  |  |  | - |  |  |  | 924 |  |  |  | 1.27 | % |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 924 |  |  |  | 1.27 | %
US government agencies US government agencies [Member] |  |  | - |  |  |  | - |  |  |  | 4,239 |  |  |  | 1.08 | % |  |  | 12,447 |  |  |  | 4.56 | % |  |  | - |  |  |  | - |  |  |  | 16,686 |  |  |  | 3.67 | %
State and political subdivisions State and political subdivisions [Member] |  |  | - |  |  |  | - |  |  |  | 1,331 |  |  |  | 1.96 | % |  |  | 6,101 |  |  |  | 1.98 | % |  |  | 12,591 |  |  |  | 2.13 | % |  |  | 20,023 |  |  |  | 2.07 | %
Asset-backed securities Asset-backed securities [Member] |  |  | - |  |  |  | - |  |  |  | 49 |  |  |  | (0.12 | %) |  |  | - |  |  |  | - |  |  |  | 34,216 |  |  |  | 6.70 | % |  |  | 34,265 |  |  |  | 6.69 | %
Mortgage-backed securities Mortgage-backed securities [Member] |  |  | - |  |  |  | - |  |  |  | 6,689 |  |  |  | 1.28 | % |  |  | 7,865 |  |  |  | 3.01 | % |  |  | 46,198 |  |  |  | 2.37 | % |  |  | 60,752 |  |  |  | 2.33 | %
Total investment securities Total investment securities [Member] |  | $ | - |  |  |  | - |  |  | $ | 13,232 |  |  |  | 1.28 | % |  | $ | 28,360 |  |  |  | 3.40 | % |  | $ | 93,005 |  |  |  | 3.93 | % |  | $ | 134,597 |  |  |  | 3.56 | %
|  |  |  |  |  |  |  |  |  |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | September 30, 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 |  |  | $ | 1,947 |  |  | $ | 181 |  |  |  | 1 |  |  | $ | 1,947 |  |  | $ | 181 |
US treasuries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 924 |  |  |  | 75 |  |  |  | 1 |  |  |  | 924 |  |  |  | 75 |
US government agencies |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9 |  |  |  | 10,582 |  |  |  | 1,431 |  |  |  | 9 |  |  |  | 10,582 |  |  |  | 1,431 |
State and political subdivisions |  |  | 2 |  |  |  | 757 |  |  |  | 2 |  |  |  | 30 |  |  |  | 19,266 |  |  |  | 2,425 |  |  |  | 32 |  |  |  | 20,023 |  |  |  | 2,427 |
Asset-backed |  |  | 4 |  |  |  | 9,575 |  |  |  | 44 |  |  |  | 8 |  |  |  | 7,124 |  |  |  | 32 |  |  |  | 12 |  |  |  | 16,699 |  |  |  | 76 |
Mortgage-backed securities |  |  | 5 |  |  |  | 7,303 |  |  |  | 23 |  |  |  | 61 |  |  |  | 47,929 |  |  |  | 7,368 |  |  |  | 66 |  |  |  | 55,232 |  |  |  | 7,391 |
Total investment securities |  |  | 11 |  |  | $ | 17,635 |  |  | $ | 69 |  |  |  | 110 |  |  | $ | 87,772 |  |  | $ | 11,512 |  |  |  | 121 |  |  | $ | 105,407 |  |  | $ | 11,581 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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 |  |  | 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 investments |
Schedule of investments |  |  |  |  |  |  |  |
(dollars in thousands) |  | September 30, 2024 |  |  | December 31, 2023 |
Federal Home Loan Bank stock |  | $ | 14,516 |  |  |  | 16,063 |
Other nonmarketable investments |  |  | 4,721 |  |  |  | 3,473 |
Investment in Trust Preferred subsidiaries |  |  | 403 |  |  |  | 403 |
Total other investments |  | $ | 19,640 |  |  |  | 19,939 |

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