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SECURITIES (Tables)

3 Months Ended

Mar. 31, 2026

SECURITIES

Investment Securities Available for Sale and Held to Maturity


		March 31, 2026
					Gross			Gross			Allowance
		Amortized			Unrealized			Unrealized			for Credit
(in thousands)		Cost			Gains			Losses			Losses			Fair Value
Available for sale:
U.S. GSE residential mortgage-backed securities		$	24,410		$	58		$	(315)		$	—		$	24,153
U.S. GSE residential collateralized mortgage obligations			12,295			52			(28)			—			12,319
U.S. GSE commercial mortgage-backed securities			2,581			—			(72)			—			2,509
Collateralized loan obligations			31,752			14			(175)			—			31,591
Corporate bonds			35,330			340			(443)			—			35,227
Total available for sale securities		$	106,368		$	464		$	(1,033)		$	—		$	105,799

					Gross			Gross						Allowance
		Amortized			Unrecognized			Unrecognized						for Credit
		Cost			Gains			Losses			Fair Value			Losses
Held to maturity:
U.S. GSE residential mortgage-backed securities		$	963		$	—		$	(44)		$	919		$	—


		December 31, 2025
					Gross			Gross			Allowance
		Amortized			Unrealized			Unrealized			for Credit
(in thousands)		Cost			Gains			Losses			Losses			Fair Value
Available for sale:
U.S. Treasury securities		$	4,495		$	—		$	—		$	—		$	4,495
U.S. GSE residential mortgage-backed securities			18,055			193			(105)			—			18,143
U.S. GSE residential collateralized mortgage obligations			11,691			69			(3)			—			11,757
U.S. GSE commercial mortgage-backed securities			2,583			—			(51)			—			2,532
Collateralized loan obligations			32,758			30			(124)			—			32,664
Corporate bonds			30,250			294			(583)			—			29,961
Total available for sale securities		$	99,832		$	586		$	(866)		$	—		$	99,552

					Gross			Gross						Allowance
		Amortized			Unrecognized			Unrecognized						for Credit
		Cost			Gains			Losses			Fair Value			Losses
Held to maturity:
U.S. GSE residential mortgage-backed securities		$	1,017		$	—		$	(41)		$	976		$	—

Securities Portfolio by Contractual Maturity


		March 31, 2026
		Amortized			Fair
(in thousands)		Cost			Value
Securities available for sale:
Due in one year or less		$	1,000		$	1,018
Due after one year through five years			2,500			2,478
Five to ten years			31,830			31,731
Beyond ten years			31,752			31,591
U.S. GSE residential mortgage-backed securities			24,410			24,153
U.S. GSE residential collateralized mortgage obligations			12,295			12,319
U.S. GSE commercial mortgage-backed securities			2,581			2,509
Total securities available for sale			106,368			105,799
Securities held to maturity:
U.S. GSE residential mortgage-backed securities			963			919
Total investment securities		$	107,331		$	106,718

Gross Unrealized Losses and Fair Values of Investment Securities


		March 31, 2026
		Less than Twelve Months						Twelve Months or Longer						Total
					Gross						Gross								Gross
					Unrealized						Unrealized			Number of					Unrealized
(in thousands, except number of securities)		Fair Value			Losses			Fair Value			Losses			Securities		Fair Value			Losses
Available-for-sale:
U.S. GSE residential mortgage-backed securities		$	15,965		$	(215)		$	1,093		$	(100)		13		$	17,058		$	(315)
U.S. GSE residential collateralized mortgage obligations			1,950			(25)			18			(3)		2			1,968			(28)
U.S. GSE commercial mortgage-backed securities			2,509			(72)			—			—		1			2,509			(72)
Collateralized loan obligations			27,589			(175)			—			—		6			27,589			(175)
Corporate bonds			6,529			(31)			11,088			(412)		12			17,617			(443)
Total available-for-sale		$	54,542		$	(518)		$	12,199		$	(515)		34		$	66,741		$	(1,033)


		December 31, 2025
		Less than Twelve Months						Twelve Months or Longer						Total
					Gross						Gross								Gross
					Unrealized						Unrealized			Number of					Unrealized
(in thousands, except number of securities)		Fair Value			Losses			Fair Value			Losses			Securities		Fair Value			Losses
Available-for-sale:
U.S. GSE residential mortgage-backed securities		$	4,562		$	(10)		$	2,719		$	(95)		7		$	7,281		$	(105)
U.S. GSE residential collateralized mortgage obligations			—			—			19			(3)		1			19			(3)
U.S. GSE commercial mortgage-backed securities			2,532			(51)			—			—		1			2,532			(51)
Collateralized loan obligations			23,654			(124)			—			—		5			23,654			(124)
Corporate bonds			1,987			(14)			10,931			(569)		8			12,918			(583)
Total available-for-sale		$	32,735		$	(199)		$	13,669		$	(667)		22		$	46,404		$	(866)