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INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Available-for-Sale Securities
The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of December 31, 2023 and December 31, 2022, respectively, were as follows:
Available for sale securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2023
U.S. government agency obligations$16,655 $77 $156 $16,576 
Mortgage-backed securities91,091 — 17,611 73,480 
Corporate debt securities47,158 5,990 41,174 
Asset-backed securities24,840 12 339 24,513 
Total available for sale securities$179,744 $95 $24,096 $155,743 
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 Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Held-to-Maturity Securities
Held to maturity securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2023
Obligations of states and political subdivisions$600 $— $35 $565 
Mortgage-backed securities90,629 17,938 72,697 
Total held to maturity securities$91,229 $$17,973 $73,262 
December 31, 2022
Obligations of states and political subdivisions$600 $— $54 $546 
Mortgage-backed securities95,779 19,553 76,233 
Total held to maturity securities$96,379 $$19,607 $76,779 
Schedule of Estimated Fair Value of Securities by Contractual Maturity
The estimated fair value of available for sale securities at December 31, 2023 and December 31, 2022, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities on mortgage-backed securities because
borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Expected maturities may differ from contractual maturities on certain agency and securities due to the call feature.
December 31, 2023December 31, 2022
Available for sale securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$— $— $— $— 
Due after one year through five years13,986 13,703 8,525 8,184 
Due after five years through ten years45,549 39,701 45,622 41,427 
Due after ten years29,118 28,859 38,739 37,770 
Total securities with contractual maturities88,653 82,263 92,886 87,381 
Mortgage-backed securities91,091 73,480 97,458 78,610 
Total available for sale securities$179,744 $155,743 $190,344 $165,991 

December 31, 2023December 31, 2022
Held to maturity securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$100 $100 $— $— 
Due after one year through five years500 465 450 415 
Due after five years through ten years— — 150 131 
Total securities with contractual maturities600 565 600 546 
Mortgage-backed securities90,629 72,697 95,779 76,233 
Total held to maturity securities$91,229 $73,262 $96,379 $76,779 
Schedule of Available-for-Sale Securities with Unrealized Losses
Securities with unrealized losses at December 31, 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
December 31, 2023
U.S. government agency obligations$3,776 $$3,627 $151 $7,403 $156 
Mortgage-backed securities— — 73,476 17,611 73,476 17,611 
Corporate debt securities3,350 76 35,916 5,914 39,266 5,990 
Asset-backed securities3,348 22 20,008 317 23,356 339 
Total$10,474 $103 $133,027 $23,993 $143,501 $24,096 
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 $24,526 
Schedule of Held-to-Maturity Securities with Unrealized Losses
 Less than 12 Months12 Months or MoreTotal
Held to maturity securitiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2023
Obligations of states and political subdivisions$— $— $565 $35 $565 $35 
Mortgage-backed securities— — 72,507 17,938 72,507 17,938 
Total $— $— $73,072 $17,973 $73,072 $17,973 
December 31, 2022
Obligations of states and political subdivisions$— $— $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