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v3.25.3

SECURITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
SECURITIES [Abstract] |
Amortized Cost and Fair Value of Securities Available-for-sale | The following table summarizes the amortized cost and fair value of securities AFS and securities HTM at September 30, 2025 and December 31, 2024, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:
Securities Available for Sale |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 104,771 |  |  | $ | 494 |  |  | $ | (419 | ) |  | $ | 104,846 |
U.S. Government sponsored entity securities |  |  | 6,336 |  |  |  | — |  |  |  | (296 | ) |  |  | 6,040 |
Agency mortgage-backed securities, residential |  |  | 155,863 |  |  |  | 591 |  |  |  | (6,575 | ) |  |  | 149,879 |
Total securities |  | $ | 266,970 |  |  | $ | 1,085 |  |  | $ | (7,290 | ) |  | $ | 260,765 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 169,203 |  |  | $ | 210 |  |  | $ | (1,383 | ) |  | $ | 168,030 |
U.S. Government sponsored entity securities |  |  | 6,406 |  |  |  | — |  |  |  | (518 | ) |  |  | 5,888 |
Agency mortgage-backed securities, residential |  |  | 105,961 |  |  |  | — |  |  |  | (11,759 | ) |  |  | 94,202 |
Total securities |  | $ | 281,570 |  |  | $ | 210 |  |  | $ | (13,660 | ) |  | $ | 268,120 |
Amortized Cost and Fair Value of Securities Held-to-maturity |
Securities Held to Maturity |  | Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Estimated Fair Value |  |  | Allowance for Credit Losses |
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 6,475 |  |  | $ | - |  |  | $ | (452 | ) |  | $ | 6,023 |  |  | $ | (1 | )
Total securities |  | $ | 6,475 |  |  | $ | - |  |  | $ | (452 | ) |  | $ | 6,023 |  |  | $ | (1 | )
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 7,050 |  |  | $ | 1 |  |  | $ | (631 | ) |  | $ | 6,420 |  |  | $ | (1 | )
Total securities |  | $ | 7,050 |  |  | $ | 1 |  |  | $ | (631 | ) |  | $ | 6,420 |  |  | $ | (1 | )
Amortized Cost and Fair Value of Securities by Contractual Maturity | The amortized cost and estimated fair value of debt securities at September 30, 2025, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately.
|  | Available for Sale |  |  | Held to Maturity |
Debt Securities: |  | Amortized Cost |  |  | Estimated Fair Value |  |  | Amortized Cost |  |  | Estimated Fair Value |
Due in one year or less |  | $ | 61,836 |  |  | $ | 61,637 |  |  | $ | 826 |  |  | $ | 824 |
Due in over one to five years |  |  | 49,271 |  |  |  | 49,249 |  |  |  | 2,701 |  |  |  | 2,610 |
Due in over five to ten years |  |  | — |  |  |  | — |  |  |  | 968 |  |  |  | 846 |
Due after ten years |  |  | — |  |  |  | — |  |  |  | 1,980 |  |  |  | 1,743 |
Agency mortgage-backed securities, residential |  |  | 155,863 |  |  |  | 149,879 |  |  |  | — |  |  |  | — |
Total debt securities |  | $ | 266,970 |  |  | $ | 260,765 |  |  | $ | 6,475 |  |  | $ | 6,023 |
Securities with Unrealized Losses in Continuous Unrealized Loss Position | The following table summarizes debt securities AFS in an unrealized loss position for which an ACL has not been recorded at September 30, 2025 and December 31, 2024, aggregated by major security type and length of time in a continuous unrealized loss position:
September 30, 2025 |  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | — |  |  | $ | — |  |  | $ | 25,041 |  |  | $ | (419 | ) |  | $ | 25,041 |  |  | $ | (419 | )
U.S. Government sponsored entity securities |  |  | — |  |  |  | — |  |  |  | 6,040 |  |  |  | (296 | ) |  |  | 6,040 |  |  |  | (296 | )
Agency mortgage-backed securities, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential |  |  | 10,825 |  |  |  | (154 | ) |  |  | 75,757 |  |  |  | (6,421 | ) |  |  | 86,582 |  |  |  | (6,575 | )
Total available for sale |  | $ | 10,825 |  |  | $ | (154 | ) |  | $ | 106,838 |  |  | $ | (7,136 | ) |  | $ | 117,663 |  |  | $ | (7,290 | )
December 31, 2024 |  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government securities |  | $ | 31,418 |  |  | $ | (329 | ) |  | $ | 26,802 |  |  | $ | (1,054 | ) |  | $ | 58,220 |  |  | $ | (1,383 | )
U.S Government sponsored entity securities |  |  | — |  |  |  | — |  |  |  | 5,889 |  |  |  | (518 | ) |  |  | 5,889 |  |  |  | (518 | )
Agency mortgage-backed securities, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
residential |  |  | 4,694 |  |  |  | (130 | ) |  |  | 89,467 |  |  |  | (11,629 | ) |  |  | 94,161 |  |  |  | (11,759 | )
Total available for sale |  | $ | 36,112 |  |  | $ | (459 | ) |  | $ | 122,158 |  |  | $ | (13,201 | ) |  | $ | 158,270 |  |  | $ | (13,660 | )
Allowance for Credit Losses for Held to Maturity Debt Securities | The following table presents the activity in the ACL for HTM debt securities:
Held to Maturity Debt Securities |  | Nine months ended September 30, 2025 |  |  | Nine months ended September 30, 2024 |
Allowance for credit losses: |  |  |  |  |  |
Beginning balance |  | $ | 1 |  |  | $ | 2 |
Provision for (recovery of) credit loss expense |  |  | — |  |  |  | — |
Allowance for credit losses ending balance |  | $ | 1 |  |  | $ | 2 |

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