XML 31 R22.htm IDEA: XBRL DOCUMENT v3.23.3
Investments (Tables)
 9 Months Ended
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 obligations8,610 — (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 obligations6,205 — (744)5,461 
Total securities held-to-maturity$14,292 $5 $(1,569)$12,728 
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position
The Company had twenty securities, consisting of eleven collateralized mortgage obligations and nine mortgage-backed securities, in an unrealized loss position at September 30, 2023 and seventeen securities, consisting of eight collateralized mortgage obligations and nine mortgage-backed securities, in an unrealized loss position at December 31, 2022, as summarized in the following tables:
September 30, 2023
Less than 12 months 12 Months or MoreTotal
($ 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 obligations3,440 (98)3,237 (833)6,677 (931)
Total securities held-to-maturity$4,162 $(132)$8,703 $(1,841)$12,865 $(1,973)
December 31, 2022
Less than 12 months12 Months or MoreTotal
($ in thousands)Fair ValueUnrealized
Losses 		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Mortgage-backed securities$2,374 $(190)$3,962 $(635)$6,336 $(825)
Collateralized mortgage obligations2,752 (96)2,709 (648)5,461 (744)
Total securities held-to-maturity$5,126 $(286)$6,671 $(1,283)$11,797 $(1,569)
Amortized Cost and Estimated Market Value of Debt Securities
The amortized cost and estimated market value of debt securities at September 30, 2023 and December 31, 2022, by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
 September 30, 2023December 31, 2022
($ 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 years2,912 2,677 3,388 3,202 
Due after ten years12,928 11,190 10,904 9,526 
Total Securities held-to-maturity$15,840 $13,867 $14,292 $12,728