XML 48 R36.htm IDEA: XBRL DOCUMENT v3.25.4
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available-For-Sale
The following table presents the amortized cost and fair value of the investment securities as of the dates indicated:
($ in thousands)Amortized CostGross Unrealized GainGross Unrealized Loss
Fair Value
December 31, 2025
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Mortgage-backed securities$135,728 $1,063 $(6,969)$129,822 
Collateralized mortgage obligations19,499 65 (802)18,762 
SBA loan pool securities4,363 1 (171)4,193 
Municipal bonds2,463 22 (1)2,484 
Corporate bonds5,000 — (252)4,748 
Total securities available-for-sale$167,053 $1,151 $(8,195)$160,009 
December 31, 2024
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Mortgage-backed securities$123,209 $168 $(10,938)$112,439 
Collateralized mortgage obligations22,753 1 (1,517)21,237 
SBA loan pool securities6,328 — (320)6,008 
Municipal bonds
2,452 — (32)2,420 
Corporate bonds5,000 — (755)4,245 
Total securities available-for-sale$159,742 $169 $(13,562)$146,349 
Schedule of Investments Classified by Contractual Maturity Date
The following table presents the amortized cost and fair value of the investment securities by contractual maturity as of December 31, 2025. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
Securities Available-For-Sale
($ in thousands)
Amortized Cost
Fair Value
Within one year
$— $— 
One to five years
83 83 
Five to ten years
6,503 6,266 
Greater than ten years
877 883 
Mortgage-backed securities, collateralized mortgage obligations and SBA loan pool securities
159,590 152,777 
Total$167,053 $160,009 
Schedule of Gains (Losses) on Available-for-sale Securities
The following table presents proceeds from sales and calls of securities available-for-sale and the associated gross gains and losses realized through earnings upon the sales and calls of securities available-for-sale for the periods indicated:
Year Ended December 31,
($ in thousands)202520242023
Gross realized gains on sales and calls of securities available-for-sale
$— $— $— 
Gross realized losses on sales and calls of securities available-for-sale
— — — 
Net realized gains on sales and calls of securities available-for-sale$— $— $— 
Proceeds from sales and calls of securities available-for-sale
$— $— $— 
Tax expense on sales and calls of securities available-for-sale
$— $— $— 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table summarizes the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position for which an allowance for credit losses has not been recorded as of the dates indicated:
Length of Time That Individual Securities Have Been In a Continuous Unrealized Loss Position
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair Value
Gross Unrealized Losses
Number of Securities
Fair Value
Gross Unrealized Losses
Number of Securities
Fair Value
Gross Unrealized Losses
Number of Securities
December 31, 2025
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Mortgage-backed securities$6,795 $(15)3 $61,977 $(6,954)111 $68,772 $(6,969)114 
Collateralized mortgage obligations3,114 (7)3 12,181 (795)34 15,295 (802)37 
SBA loan pool securities— — — 4,152 (171)15 4,152 (171)15 
Municipal bonds83 (1)1 — — — 83 (1)1 
Corporate bonds— — — 4,748 (252)1 4,748 (252)1 
Total securities available-for-sale$9,992 $(23)7 $83,058 $(8,172)161 $93,050 $(8,195)168 
December 31, 2024
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Mortgage-backed securities$26,250 $(392)17 $67,640 $(10,546)109 $93,890 $(10,938)126 
Collateralized mortgage obligations4,963 (26)3 13,375 (1,491)36 18,338 (1,517)39 
SBA loan pool securities396 (1)3 5,316 (319)13 5,712 (320)16 
Municipal bonds2,050 (32)6 — — — 2,050 (32)6 
Corporate bonds— — — 4,245 (755)1 4,245 (755)1 
Total securities available-for-sale$33,659 $(451)29 $90,576 $(13,111)159 $124,235 $(13,562)188