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INVESTMENT SECURITIES (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available for Sale Securities Reconciliation
The amortized cost and fair value of securities available for sale and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income as of March 31, 2025 and December 31, 2024, respectively, were as follows:
Available-for-sale securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
March 31, 2025
U.S. government agency obligations$13,062 $24 $100 $12,986 
Mortgage-backed securities86,510 — 17,806 68,704 
Corporate debt securities42,436 88 2,933 39,591 
Asset-backed securities18,496 28 163 18,361 
Total available-for-sale securities$160,504 $140 $21,002 $139,642 
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 
Schedule of Held to Maturity Securities
The amortized cost and fair value of securities held to maturity and the corresponding amounts of gross unrecognized gains and losses as of March 31, 2025 and December 31, 2024, respectively, were as follows:
Held-to-maturity securitiesAmortized
Cost
Gross
Unrecognized
Gains
Gross
Unrecognized
Losses
Estimated
Fair Value
March 31, 2025
Obligations of states and political subdivisions$400 $— $21 $379 
Mortgage-backed securities83,901 18,094 65,812 
Total held-to-maturity securities$84,301 $$18,115 $66,191 
December 31, 2024
Obligations of states and political subdivisions$500 $— $22 $478 
Mortgage-backed securities85,004 19,864 65,144 
Total held-to-maturity securities$85,504 $$19,886 $65,622 
Schedule of Maturity of Securities
The estimated fair value of securities at March 31, 2025 and December 31, 2024, by contractual maturity, is shown below.
March 31, 2025December 31, 2024
Available-for-sale securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$2,158 $2,129 $4,526 $4,487 
Due after one year through five years8,341 8,401 8,652 8,715 
Due after five years through ten years41,018 38,061 41,380 38,033 
Due after ten years22,477 22,347 23,284 23,230 
Total securities with contractual maturities73,994 70,938 77,842 74,465 
Mortgage-backed securities86,510 68,704 87,762 68,386 
Total available for sale securities$160,504 $139,642 $165,604 $142,851 

March 31, 2025December 31, 2024
Held-to-maturity securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$100 $97 $100 $100 
Due after one year through five years300 282 400 378 
Due after five years through ten years— — — — 
Total securities with contractual maturities400 379 500 478 
Mortgage-backed securities83,901 65,812 85,004 65,144 
Total held to maturity securities$84,301 $66,191 $85,504 $65,622 
Schedule of Available for Sale Securities with Unrealized Losses
Securities with unrealized losses at March 31, 2025 and December 31, 2024, 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
March 31, 2025
U.S. government agency obligations$3,207 $11 $5,914 $89 $9,121 $100 
Mortgage-backed securities2,722 68 65,982 17,738 68,704 17,806 
Corporate debt securities— — 34,688 2,933 34,688 2,933 
Asset-backed securities3,061 13 11,767 150 14,828 163 
Total$8,990 $92 $118,351 $20,910 $127,341 $21,002 
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 12,210 104 13,149 105 
Total $9,143 $138 $118,004 $22,797 $127,147 $22,935