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v3.25.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2025
Investment Securities |
Summary of amortized cost and fair value of securities available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(Dollars in thousands) | ​ | Cost |  | Gains |  | (Losses) |  | Value
Available-for-sale | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
U.S. Treasuries | ​ | $ | 23,195 | ​ | $ | — | ​ | $ | (557) | ​ | $ | 22,638
U.S. government and federal agencies | ​ |  | 8,976 | ​ |  | — | ​ |  | (287) | ​ |  | 8,689
Corporate bonds | ​ |  | 3,000 | ​ |  | — | ​ |  | (212) | ​ |  | 2,788
U.S. agency collateralized mortgage obligations | ​ |  | 36,370 | ​ |  | 3 | ​ |  | (5,952) | ​ |  | 30,421
Tax-exempt municipal | ​ |  | 1,379 | ​ |  | — | ​ |  | (222) | ​ |  | 1,157
Taxable municipal | ​ |  | 270 | ​ |  | — | ​ |  | (5) | ​ |  | 265
U.S. agency mortgage-backed | ​ |  | 63,086 | ​ |  | 21 | ​ |  | (4,596) | ​ |  | 58,511
Total Available-for-sale Securities | ​ | $ | 136,276 | ​ | $ | 24 | ​ | $ | (11,831) | ​ | $ | 124,469
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(Dollars in thousands) | ​ | Cost |  | Gains |  | (Losses) |  | Value
Available-for-sale | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
U.S. Treasuries | ​ | $ | 27,920 | ​ | $ | — | ​ | $ | (783) | ​ | $ | 27,137
U.S. government and federal agencies | ​ |  | 10,966 | ​ |  | — | ​ |  | (385) | ​ |  | 10,581
Corporate bonds | ​ |  | 3,000 | ​ |  | — | ​ |  | (261) | ​ |  | 2,739
U.S. agency collateralized mortgage obligations | ​ |  | 36,032 | ​ |  | — | ​ |  | (6,421) | ​ |  | 29,611
Tax-exempt municipal | ​ |  | 1,379 | ​ |  | — | ​ |  | (208) | ​ |  | 1,171
Taxable municipal | ​ |  | 270 | ​ |  | — | ​ |  | (7) | ​ |  | 263
U.S. agency mortgage-backed | ​ |  | 64,274 | ​ |  | — | ​ |  | (5,519) | ​ |  | 58,755
Total Available-for-sale Securities | ​ | $ | 143,841 | ​ | $ | — | ​ | $ | (13,584) | ​ | $ | 130,257
Schedule of gross unrealized loss position of investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025
​ | ​ | Less than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross
​ | ​ | Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
(Dollars in thousands) | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses
Available-for-sale | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
U.S. Treasuries | ​ | $ | — | ​ | $ | — | ​ | $ | 22,638 | ​ | $ | (557) | ​ | $ | 22,638 | ​ | $ | (557)
U.S. government and federal agencies | ​ |  | — | ​ |  | — | ​ |  | 8,689 | ​ |  | (287) | ​ |  | 8,689 | ​ |  | (287)
Corporate bonds | ​ |  | — | ​ |  | — | ​ |  | 2,788 | ​ |  | (212) | ​ |  | 2,788 | ​ |  | (212)
U.S. agency collateralized mortgage obligations | ​ |  | — | ​ |  | — | ​ |  | 29,445 | ​ |  | (5,952) | ​ |  | 29,445 | ​ |  | (5,952)
Tax-exempt municipal | ​ |  | — | ​ |  | — | ​ |  | 1,157 | ​ |  | (222) | ​ |  | 1,157 | ​ |  | (222)
Taxable municipal | ​ |  | — | ​ |  | — | ​ |  | 265 | ​ |  | (5) | ​ |  | 265 | ​ |  | (5)
U.S. agency mortgage-backed | ​ |  | — | ​ |  | — | ​ |  | 55,852 | ​ |  | (4,596) | ​ |  | 55,852 | ​ |  | (4,596)
Total Available-for-sale Securities | ​ | $ | — | ​ | $ | — | ​ | $ | 120,834 | ​ | $ | (11,831) | ​ | $ | 120,834 | ​ | $ | (11,831)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024
​ | ​ | Less than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross
​ | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized
(Dollars in thousands) | ​ | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
Available-for-sale | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasuries | ​ | $ | — | ​ | $ | — | ​ | $ | 27,137 | ​ | $ | (783) | ​ | $ | 27,137 | ​ | $ | (783)
U.S. government and federal agencies | ​ |  | — | ​ |  | — | ​ |  | 10,581 | ​ |  | (385) | ​ |  | 10,581 | ​ |  | (385)
Corporate bonds | ​ | ​ | — | ​ |  | — | ​ |  | 2,739 | ​ |  | (261) | ​ |  | 2,739 | ​ |  | (261)
U.S. agency collateralized mortgage obligations | ​ |  | — | ​ |  | — | ​ |  | 29,611 | ​ |  | (6,421) | ​ |  | 29,611 | ​ |  | (6,421)
Tax-exempt municipal | ​ | ​ | — | ​ |  | — | ​ |  | 1,171 | ​ |  | (208) | ​ |  | 1,171 | ​ |  | (208)
Taxable municipal | ​ |  | — | ​ |  | — | ​ |  | 263 | ​ |  | (7) | ​ |  | 263 | ​ |  | (7)
U.S. agency mortgage-backed | ​ |  | — | ​ |  | — | ​ |  | 58,755 | ​ |  | (5,519) | ​ |  | 58,755 | ​ |  | (5,519)
Total Available-for-sale Securities | ​ | $ | — | ​ | $ | — | ​ | $ | 130,257 | ​ | $ | (13,584) | ​ | $ | 130,257 | ​ | $ | (13,584)
Contractual maturities of investment securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025
​ | ​ | Amortized | ​ | Fair
(Dollars in thousands) |  | Cost |  | Value
Available-for-sale | ​ |  |  | ​ |  | ​
Due in one year or less | ​ | $ | 22,410 | ​ | $ | 22,112
Due after one year through five years | ​ |  | 23,528 | ​ |  | 22,774
Due after five years through ten years | ​ |  | 33,374 | ​ |  | 31,830
Due after ten years | ​ |  | 56,964 | ​ |  | 47,753
Total Available-for-sale Securities | ​ | $ | 136,276 | ​ | $ | 124,469
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025
​ | ​ | Amortized | ​ | Fair
(Dollars in thousands) |  | Cost |  | Value
Held-to-maturity |  | ​ |  |  | ​ |
Due in one year or less | ​ | $ | — | ​ | $ | —
Due after one year through five years | ​ |  | 27,434 | ​ |  | 25,153
Due after five years through ten years | ​ |  | 22,605 | ​ |  | 19,253
Due after ten years | ​ |  | 41,133 | ​ |  | 33,050
Total Held-to-maturity Securities | ​ | $ | 91,172 | ​ | $ | 77,456
Summary of amortized cost and fair value of securities held-to-maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(Dollars in thousands) | ​ | Cost |  | Gains |  | (Losses) |  | Value
Held-to-maturity |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Treasuries | ​ | $ | 6,002 | ​ | $ | — | ​ | $ | (480) | ​ | $ | 5,522
U.S. government and federal agencies | ​ |  | 35,341 | ​ |  | — | ​ |  | (4,003) | ​ |  | 31,338
U.S. agency collateralized mortgage obligations | ​ |  | 17,430 | ​ |  | — | ​ |  | (3,594) | ​ |  | 13,836
Taxable municipal | ​ |  | 6,037 | ​ |  | — | ​ |  | (947) | ​ |  | 5,090
U.S. agency mortgage-backed | ​ |  | 26,362 | ​ |  | — | ​ |  | (4,692) | ​ |  | 21,670
Total Held-to-maturity Securities | ​ | $ | 91,172 | ​ | $ | — | ​ | $ | (13,716) | ​ | $ | 77,456
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(Dollars in thousands) | ​ | Cost |  | Gains |  | (Losses) |  | Value
Held-to-maturity |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Treasuries | ​ | $ | 6,001 | ​ | $ | — | ​ | $ | (583) | ​ | $ | 5,418
U.S. government and federal agencies | ​ |  | 35,349 | ​ |  | — | ​ |  | (4,743) | ​ |  | 30,606
U.S. agency collateralized mortgage obligations | ​ |  | 17,805 | ​ |  | — | ​ |  | (3,948) | ​ |  | 13,857
Taxable municipal | ​ |  | 6,041 | ​ |  | — | ​ |  | (1,089) | ​ |  | 4,952
U.S. agency mortgage-backed | ​ |  | 26,813 | ​ |  | — | ​ |  | (5,376) | ​ |  | 21,437
Total Held-to-maturity Securities | ​ | $ | 92,009 | ​ | $ | — | ​ | $ | (15,739) | ​ | $ | 76,270
Summary of restricted securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | March 31, 2025 |  | December 31, 2024
Federal Reserve Bank Stock | ​ | $ | 3,332 | ​ | $ | 3,327
Federal Home Loan Bank Stock | ​ |  | 4,242 | ​ |  | 4,247
Community Bankers’ Bank Stock | ​ |  | 60 | ​ |  | 60
Total Restricted Securities | ​ | $ | 7,634 | ​ | $ | 7,634

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