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Investments (Tables)
9 Months Ended
Sep. 30, 2025
Investments  
Unrealized Gain (Loss) on Investments

(in thousands)

    

Amortized
Cost

    

Gross
Unrealized
Gains

    

Gross
Unrealized
Losses

    

Allowance for Credit Losses

    

Estimated Fair Value

September 30, 2025

Available for Sale:

U.S. government agencies

$

2,000

$

$

624

$

$

1,376

Residential mortgage-backed agencies

24,273

30

3,384

20,919

Commercial mortgage-backed agencies

37,988

7,943

30,045

Collateralized mortgage obligations

30,615

28

2,528

28,115

Obligations of states and political subdivisions

8,556

25

110

8,471

Corporate bonds

1,000

85

915

Collateralized debt obligations

18,759

3,540

15,219

Total available for sale

$

123,191

$

83

$

18,214

$

$

105,060

(in thousands)

    

Amortized
Cost

    

Gross
Unrecognized
Gains

    

Gross
Unrecognized
Losses

    

Estimated Fair Value

    

Allowance for Credit Losses

September 30, 2025

Held to Maturity:

U.S. government agencies

$

68,521

$

$

8,337

$

60,184

$

Residential mortgage-backed agencies

32,834

83

2,626

30,291

Commercial mortgage-backed agencies

20,995

5,238

15,757

Collateralized mortgage obligations

46,171

7,300

38,871

Obligations of states and political subdivisions

4,399

219

591

4,027

102

Total held to maturity

$

172,920

$

302

$

24,092

$

149,130

$

102

(in thousands)

    

Amortized
Cost

    

Gross
Unrealized
Gains

    

Gross
Unrealized
Losses

    

Allowance for Credit Losses

    

Estimated Fair Value

December 31, 2024

Available for Sale:

U.S. government agencies

$

7,000

$

$

885

$

$

6,115

Residential mortgage-backed agencies

24,621

4,425

20,196

Commercial mortgage-backed agencies

37,205

8,571

28,634

Collateralized mortgage obligations

21,069

3,343

17,726

Obligations of states and political subdivisions

6,533

324

6,209

Corporate bonds

1,000

104

896

Collateralized debt obligations

18,686

3,968

14,718

Total available for sale

$

116,114

$

$

21,620

$

$

94,494

(in thousands)

    

Amortized
Cost

    

Gross
Unrecognized
Gains

    

Gross
Unrecognized
Losses

    

Estimated Fair Value

    

Allowance for Credit Losses

December 31, 2024

Held to Maturity:

U.S. government agencies

$

68,301

$

$

11,192

$

57,109

$

Residential mortgage-backed agencies

32,171

1

3,561

28,611

Commercial mortgage-backed agencies

21,134

5,794

15,340

Collateralized mortgage obligations

49,439

9,724

39,715

Obligations of states and political subdivisions

4,511

177

703

3,985

59

Total held to maturity

$

175,556

$

178

$

30,974

$

144,760

$

59

Realized Gains and Losses of Available for Sale

Nine Months Ended

Three Months Ended

September 30,

September 30,

(in thousands)

2025

2024

2025

2024

Proceeds

$

8,965

$

$

8,965

$

Realized gains

203

203

Realized losses

106

106

Gross Unrealized and Unrecognized Losses and Fair Values of Securities

Less than 12 months

12 months or more

(in thousands)

    

Fair
Value

    

Unrealized
Losses

    

Number of
Investments

    

Fair
Value

    

Unrealized
Losses

    

Number of
Investments

September 30, 2025

Available for Sale:

U.S. government agencies

$

$

$

1,376

$

624

1

Residential mortgage-backed agencies

17,610

3,384

3

Commercial mortgage-backed agencies

3,092

126

2

26,953

7,817

8

Collateralized mortgage obligations

8,955

45

1

14,479

2,483

9

Obligations of states and political subdivisions

4,183

110

4

Corporate bonds

915

85

1

Collateralized debt obligations

15,219

3,540

9

Total available for sale

$

12,047

$

171

3

$

80,735

$

18,043

35

Less than 12 months

12 months or more

(in thousands)

    

Fair
Value

    

Unrecognized
Losses

    

Number of
Investments

    

Fair
Value

    

Unrecognized
Losses

    

Number of
Investments

September 30, 2025

Held to Maturity:

U.S. government agencies

$

$

$

60,184

8,337

9

Residential mortgage-backed agencies

2,247

8

2

19,718

2,618

35

Commercial mortgage-backed agencies

15,757

5,238

2

Collateralized mortgage obligations

38,871

7,300

8

Obligations of states and political subdivisions

2,269

591

1

Total held to maturity

$

2,247

$

8

2

$

136,799

$

24,084

55

Less than 12 months

12 months or more

(in thousands)

    

Fair
Value

    

Unrealized
Losses

    

Number of
Investments

    

Fair
Value

    

Unrealized
Losses

    

Number of
Investments

December 31, 2024

Available for Sale:

U.S. government agencies

$

$

$

6,115

$

885

2

Residential mortgage-backed agencies

1,974

18

1

18,222

4,407

3

Commercial mortgage-backed agencies

1,688

59

1

26,946

8,512

8

Collateralized mortgage obligations

2,892

50

1

14,834

3,293

9

Obligations of states and political subdivisions

1,224

18

2

3,742

306

3

Corporate Bonds

896

104

1

Collateralized debt obligations

14,718

3,968

9

Total available for sale

$

7,778

$

145

5

$

85,473

$

21,475

35

Less than 12 months

12 months or more

(in thousands)

    

Fair
Value

    

Unrecognized
Losses

    

Number of
Investments

    

Fair
Value

    

Unrecognized
Losses

    

Number of
Investments

December 31, 2024

Held to Maturity:

U.S. government agencies

$

$

$

57,109

$

11,192

9

Residential mortgage-backed agencies

8,291

132

5

20,243

3,429

35

Commercial mortgage-backed agencies

15,340

5,794

2

Collateralized mortgage obligations

39,715

9,724

8

Obligations of states and political subdivisions

2,179

703

1

Total held to maturity

$

8,291

$

132

5

$

134,586

$

30,842

55

Amortized Cost and Fair Values Classified by Contractual Maturity Date

September 30, 2025

(in thousands)

    

Amortized
Cost

    

Fair
Value

Contractual Maturity

Available for Sale:

Due in one year or less

$

2,241

$

2,251

Due after five years through ten years

4,418

4,329

Due after ten years

23,656

19,401

30,315

25,981

Residential mortgage-backed agencies

24,273

20,919

Commercial mortgage-backed agencies

37,988

30,045

Collateralized mortgage obligations

30,615

28,115

Total available for sale

$

123,191

$

105,060

Held to Maturity:

Due after one year through five years

$

17,050

$

16,542

Due after five years through ten years

36,052

32,102

Due after ten years

19,818

15,567

72,920

64,211

Residential mortgage-backed agencies

32,834

30,291

Commercial mortgage-backed agencies

20,995

15,757

Collateralized mortgage obligations

46,171

38,871

Total held to maturity

$

172,920

$

149,130