XML 32 R23.htm IDEA: XBRL DOCUMENT v3.23.2
INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities Reconciliation
The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of June 30, 2023 and December 31, 2022, respectively, were as follows:
Available for sale securitiesAmortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
June 30, 2023
U.S. government agency obligations$18,820 $107 $224 $18,703 
Mortgage-backed securities94,382 — 18,406 75,976 
Corporate debt securities47,147 — 6,894 40,253 
Asset-backed securities26,823 10 630 26,203 
Total available for sale securities$187,172 $117 $26,154 $161,135 
December 31, 2022
U.S. government agency obligations$18,373 $173 $233 $18,313 
Mortgage-backed securities97,458 — 18,848 78,610 
Corporate debt securities44,636 — 4,385 40,251 
Asset-backed securities29,877 — 1,060 28,817 
Total available for sale securities$190,344 $173 $24,526 $165,991 
Schedule of Held-to-Maturity Securities
Held to maturity securitiesAmortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
June 30, 2023
Obligations of states and political subdivisions$600 $— $49 $551 
Mortgage-backed securities93,200 5 19,075 74,130 
Total held to maturity securities$93,800 $5 $19,124 $74,681 
December 31, 2022
Obligations of states and political subdivisions$600 $— $54 $546 
Mortgage-backed securities95,779 7 19,553 76,233 
Total held to maturity securities$96,379 $7 $19,607 $76,779 
Schedule of Maturity of Securities
The estimated fair value of securities at June 30, 2023 and December 31, 2022, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities on mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Expected maturities may differ from contractual maturities on certain agency and municipal securities due to the call feature.
June 30, 2023December 31, 2022
Available for sale securitiesAmortized
Cost		Estimated
Fair Value		Amortized
Cost		Estimated
Fair Value
Due in one year or less$— $— $— $— 
Due after one year through five years10,079 9,604 8,525 8,184 
Due after five years through ten years48,112 41,511 45,622 41,427 
Due after ten years34,599 34,044 38,739 37,770 
Total securities with contractual maturities$92,790 $85,159 $92,886 $87,381 
Mortgage-backed securities94,382 75,976 97,458 78,610 
Total available for sale securities$187,172 $161,135 $190,344 $165,991 

June 30, 2023December 31, 2022
Held to maturity securitiesAmortized
Cost		Estimated
Fair Value		Amortized
Cost		Estimated
Fair Value
Due in one year or less$100 $97 $— $— 
Due after one year through five years500 454 450 415 
Due after five years through ten years— — 150 131 
Total securities with contractual maturities600 551 600 546 
Mortgage-backed securities93,200 74,130 95,779 76,233 
Total held to maturity securities$93,800 $74,681 $96,379 $76,779 
Schedule of Available-for-Sale Securities with Unrealized Losses
Securities with unrealized losses at June 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:
 Less than 12 Months12 Months or MoreTotal
Available for sale securitiesFair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss
June 30, 2023
U.S. government agency obligations$940 $6 $2,840 $218 $3,780 $224 
Mortgage-backed securities12 — 75,964 18,406 75,976 18,406 
Corporate debt securities11,099 928 29,154 5,966 40,253 6,894 
Asset-backed securities— — 24,977 630 24,977 630 
Total$12,051 $934 $132,935 $25,220 $144,986 $26,154 
December 31, 2022
U.S. government agency obligations$3,169 $138 $1,138 $95 $4,307 $233 
Mortgage-backed securities9,654 896 68,907 17,952 78,561 18,848 
Corporate debt securities21,547 1,688 18,704 2,697 40,251 4,385 
Asset-backed securities7,955 221 20,862 839 28,817 1,060 
Total $42,325 $2,943 $109,611 $21,583 $151,936 $24,526 
Schedule of Held-to-Maturity Securities with Unrealized Losses
 Less than 12 Months12 Months or MoreTotal
Held to maturity securitiesFair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss
June 30, 2023
Obligations of states and political subdivisions$— $— $551 $49 $551 $49 
Mortgage-backed securities109 3 73,809 19,072 73,918 19,075 
Total$109 $3 $74,360 $19,121 $74,469 $19,124 
December 31, 2022
Obligations of states and political subdivisions$— $— $546 $54 $546 $54 
Mortgage-backed securities16,627 2,416 59,367 17,137 75,994 19,553 
Total$16,627 $2,416 $59,913 $17,191 $76,540 $19,607