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INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of amortized cost and estimated fair values of securities available-for-sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

Gross

​

​

​

​

​

Amortized

​

unrealized

​

unrealized

​

Estimated

​

​

cost

​

gains

​

losses

​

fair value

June 30, 2024

​

​

​

​

​

​

Municipal securities

​

$

23,817

​

$

77

​

$

(1,477)

​

$

22,417

Mortgage-backed securities

​

47,464

​

98

​

(3,779)

​

43,783

Collateralized mortgage obligations

​

45,536

​

131

​

(2,277)

​

43,390

SBA securities

​

4,674

​

43

​

(77)

​

4,640

Corporate bonds

​

81,224

​

—

​

(11,821)

​

69,403

Total

​

$

202,715

​

$

349

​

$

(19,431)

​

$

183,633

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Gross

Gross

​

​

​

​

​

Amortized

​

unrealized

​

unrealized

​

Estimated

​

​

cost

​

gains

​

losses

​

fair value

December 31, 2023

​

​

​

​

​

​

Municipal securities

​

$

21,910

​

$

75

​

$

(1,158)

​

$

20,827

Mortgage-backed securities

​

41,048

​

194

​

(3,641)

​

37,601

Collateralized mortgage obligations

​

35,019

​

256

​

(2,299)

​

32,976

SBA securities

​

5,280

​

49

​

(77)

​

5,252

Corporate bonds

​

80,383

​

7

​

(13,894)

​

66,496

Total

​

$

183,640

​

$

581

​

$

(21,069)

​

$

163,152

Schedule of investments classified by contractual maturity date

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​

​

​

​

​

​

​

​

​

​

June 30, 2024

​

December 31, 2023

​

Amortized

Estimated

Amortized

Estimated

​

​

cost

​

fair value

​

cost

​

fair value

​

​

​

​

​

​

​

​

​

​

​

Securities AFS

​

​

​

​

Due in one year or less

​

$

34,697

​

$

34,051

​

$

6,397

​

$

6,338

Due after one through five years

​

84,573

​

72,430

​

15,909

​

14,206

Due after five years through ten years

​

26,967

​

24,092

​

102,430

​

87,867

Due after ten years

​

56,478

​

53,060

​

58,904

​

54,741

Total

​

$

202,715

​

$

183,633

​

$

183,640

​

$

163,152

Schedule of available-for-sale securities, continuous unrealized loss position, fair value

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 months or more

​

Total

​

Estimated

Unrealized

Estimated

Unrealized

Estimated

Unrealized

​

​

fair value

​

loss

​

fair value

​

loss

​

fair value

​

loss

June 30, 2024

​

​

​

​

​

​

​

Municipal securities

​

$

1,649

​

$

(12)

​

$

16,962

​

$

(1,465)

​

$

18,611

​

$

(1,477)

Mortgage-backed securities

​

​

2,804

​

​

(33)

​

​

30,898

​

​

(3,746)

​

​

33,702

​

​

(3,779)

Collateralized mortgage obligations

​

4

​

​

—

​

​

26,524

​

​

(2,277)

​

26,528

​

(2,277)

SBA securities

​

—

​

​

—

​

​

1,403

​

​

(77)

​

1,403

​

(77)

Corporate bonds

​

—

​

​

—

​

​

69,403

​

​

(11,821)

​

69,403

​

(11,821)

Total

​

$

4,457

​

$

(45)

​

$

145,190

​

$

(19,386)

​

$

149,647

​

$

(19,431)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 months or more

​

Total

​

Estimated

Unrealized

Estimated

Unrealized

Estimated

Unrealized

​

​

fair value

​

loss

​

fair value

​

loss

​

fair value

​

loss

December 31, 2023

​

​

​

​

​

​

​

Municipal securities

​

$

2,483

​

$

(28)

​

$

13,975

​

$

(1,130)

​

$

16,458

​

$

(1,158)

Mortgage-backed securities

​

1,369

​

(30)

​

26,435

​

(3,611)

​

27,804

​

(3,641)

Collateralized mortgage obligations

​

1,496

​

(8)

​

20,713

​

(2,291)

​

22,209

​

(2,299)

SBA securities

​

—

​

—

​

1,610

​

(77)

​

1,610

​

(77)

Corporate bonds

​

—

​

—

​

65,505

​

(13,894)

​

65,505

​

(13,894)

Total

​

$

5,348

​

$

(66)

​

$

128,238

​

$

(21,003)

​

$

133,586

​

$

(21,069)

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481800/320-10-50-3

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- 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
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-Name Accounting Standards Codification
-Section 50
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
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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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