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Investments (Tables) | 9 Months Ended
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Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Values of Held-to-Maturity Securities | The amortized cost, unrealized gains and losses, and estimated fair values of the Company’s held-to-maturity securities at September 30, 2023 and December 31, 2022, are summarized as follows:
| September 30, 2023
($ in thousands) | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Estimated Fair Value
Mortgage-backed securities | $ | 7,230 |  |  | $ | — |  |  | $ | (1,042) |  |  | $ | 6,188 |
Collateralized mortgage obligations | 8,610 |  |  | — |  |  | (931) |  |  | 7,679 |
Total securities held-to-maturity | $ | 15,840 |  |  | $ | — |  |  | $ | (1,973) |  |  | $ | 13,867 |
| December 31, 2022
($ in thousands) | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Estimated Fair Value
Mortgage-backed securities | $ | 8,087 |  |  | $ | 5 |  |  | $ | (825) |  |  | $ | 7,267 |
Collateralized mortgage obligations | 6,205 |  |  | — |  |  | (744) |  |  | 5,461 |
Total securities held-to-maturity | $ | 14,292 |  |  | $ | 5 |  |  | $ | (1,569) |  |  | $ | 12,728 |
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position | The Company had twenty securities, consisting of eleven collateralized mortgage obligations and nine mortgage-backed securities, in an unrealized loss position at September 30, 2023 and seventeen securities, consisting of eight collateralized mortgage obligations and nine mortgage-backed securities, in an unrealized loss position at December 31, 2022, as summarized in the following tables:
| September 30, 2023
| Less than 12 months |  | 12 Months or More |  | Total
($ in thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Mortgage-backed securities | $ | 722 |  |  | $ | (34) |  |  | $ | 5,466 |  |  | $ | (1,008) |  |  | $ | 6,188 |  |  | $ | (1,042) |
Collateralized mortgage obligations | 3,440 |  |  | (98) |  |  | 3,237 |  |  | (833) |  |  | 6,677 |  |  | (931) |
Total securities held-to-maturity | $ | 4,162 |  |  | $ | (132) |  |  | $ | 8,703 |  |  | $ | (1,841) |  |  | $ | 12,865 |  |  | $ | (1,973) |
| December 31, 2022
| Less than 12 months |  | 12 Months or More |  | Total
($ in thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Mortgage-backed securities | $ | 2,374 |  |  | $ | (190) |  |  | $ | 3,962 |  |  | $ | (635) |  |  | $ | 6,336 |  |  | $ | (825) |
Collateralized mortgage obligations | 2,752 |  |  | (96) |  |  | 2,709 |  |  | (648) |  |  | 5,461 |  |  | (744) |
Total securities held-to-maturity | $ | 5,126 |  |  | $ | (286) |  |  | $ | 6,671 |  |  | $ | (1,283) |  |  | $ | 11,797 |  |  | $ | (1,569) |
Amortized Cost and Estimated Market Value of Debt Securities | The amortized cost and estimated market value of debt securities at September 30, 2023 and December 31, 2022, by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
| September 30, 2023 |  | December 31, 2022
($ in thousands) | Amortized Cost |  | Estimated Fair Value |  | Amortized Cost |  | Estimated Fair Value
Securities held-to-maturity |  |  |  |  |  |  |
Due in one year or less | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Due after one year through five years | — |  |  | — |  |  | — |  |  | — |
Due after five years through ten years | 2,912 |  |  | 2,677 |  |  | 3,388 |  |  | 3,202 |
Due after ten years | 12,928 |  |  | 11,190 |  |  | 10,904 |  |  | 9,526 |
Total Securities held-to-maturity | $ | 15,840 |  |  | $ | 13,867 |  |  | $ | 14,292 |  |  | $ | 12,728 |

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- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5A Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-5B + Details
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