XML 58 R34.htm IDEA: XBRL DOCUMENT v3.25.0.1
INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2024
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 unrecognized gains and losses on securities held-to-maturity as of December 31, 2024 and December 31, 2023, respectively, were as follows:
Available-for-sale securitiesAmortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
December 31, 2024
U.S. government agency obligations$13,853 $28 $128 $13,753 
Mortgage-backed securities87,762 — 19,376 68,386 
Corporate debt securities44,931 111 3,326 41,716 
Asset-backed securities19,058 43 105 18,996 
Total available-for-sale securities$165,604 $182 $22,935 $142,851 
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 6 5,990 41,174 
Asset-backed securities24,840 12 339 24,513 
Total available-for-sale securities$179,744 $95 $24,096 $155,743 
Schedule of Held to Maturity Securities
Held-to-maturity securitiesAmortized
Cost		Gross
Unrecognized
Gains		Gross
Unrecognized
Losses		Estimated
Fair Value
December 31, 2024
Obligations of states and political subdivisions$500 $— $22 $478 
Mortgage-backed securities85,004 4 19,864 65,144 
Total held-to-maturity securities$85,504 $4 $19,886 $65,622 
December 31, 2023
Obligations of states and political subdivisions$600 $— $35 $565 
Mortgage-backed securities90,629 6 17,938 72,697 
Total held-to-maturity securities$91,229 $6 $17,973 $73,262 
Schedule of Maturity of Securities
The estimated fair value of available-for-sale securities at December 31, 2024 and December 31, 2023, 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 securities due to the call feature. Securities not due at a single maturity date are shown separately.
December 31, 2024December 31, 2023
Available-for-sale securitiesAmortized
Cost		Estimated
Fair Value		Amortized
Cost		Estimated
Fair Value
Due in one year or less$4,526 $4,487 $— $— 
Due after one year through five years8,652 8,715 13,986 13,703 
Due after five years through ten years41,380 38,033 45,549 39,701 
Due after ten years23,284 23,230 29,118 28,859 
Total securities with contractual maturities77,842 74,465 88,653 82,263 
Mortgage-backed securities87,762 68,386 91,091 73,480 
Total available-for-sale securities$165,604 $142,851 $179,744 $155,743 

December 31, 2024December 31, 2023
Held-to-maturity securitiesAmortized
Cost		Estimated
Fair Value		Amortized
Cost		Estimated
Fair Value
Due in one year or less$100 $100 $100 $100 
Due after one year through five years400 378 500 465 
Due after five years through ten years— — — — 
Total securities with contractual maturities500 478 600 565 
Mortgage-backed securities85,004 65,144 90,629 72,697 
Total held-to-maturity securities$85,504 $65,622 $91,229 $73,262 
Schedule of Available for Sale Securities with Unrealized Losses
Securities with unrealized losses for which an allowance for credit losses has not been recorded at December 31, 2024 and December 31, 2023, 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, 2024
U.S. government agency obligations$5,472 $25 $3,334 $103 $8,806 $128 
Mortgage-backed securities2,732 112 65,654 19,264 68,386 19,376 
Corporate debt securities— — 36,806 3,326 36,806 3,326 
Asset-backed securities939 1 12,210 104 13,149 105 
Total$9,143 $138 $118,004 $22,797 $127,147 $22,935 
December 31, 2023
U.S. government agency obligations$3,776 $5 $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