XML 126 R27.htm IDEA: XBRL DOCUMENT v3.25.1
Investment Securities (Tables)
 3 Months Ended
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