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Investments (Tables)
 6 Months Ended
Jun. 30, 2025
Schedule of Investments [Abstract]  
Schedule of Available-for-sale and Held to Maturity Securities

A summary of the Company’s investment securities classified as available-for-sale and held-to-maturity as of June 30, 2025 and December 31, 2024 is as follows:

   

   As of June 30, 2025 
       Gross   Gross     
   Amortized   unrealized   unrealized   Estimated 
(Dollars in thousands)  cost   gains   losses   fair value 
Available-for-sale:                    
U. S. treasury securities  $51,706   $427   $(509)  $51,624 
Municipal obligations, tax exempt   104,510    23    (3,731)   100,802 
Municipal obligations, taxable   77,643    248    (2,854)   75,037 
Agency mortgage-backed securities   132,516    197    (7,734)   124,979 
Total available-for-sale  $366,375   $895   $(14,828)  $352,442 
                     
Held-to-maturity:                    
Other  $3,730   $-   $(282)  $3,448 
Total held-to-maturity  $3,730   $-   $(282)  $3,448 

 

   As of December 31, 2024 
       Gross   Gross     
   Amortized   unrealized   unrealized   Estimated 
   cost   gains   losses   fair value 
Available-for-sale:                    
U. S. treasury securities  $65,349   $53   $(944)  $64,458 
Municipal obligations, tax exempt   111,196    47    (4,115)   107,128 
Municipal obligations, taxable   76,200    70    (4,555)   71,715 
Agency mortgage-backed securities   140,651    40    (11,480)   129,211 
Total available-for-sale  $393,396   $210   $(21,094)  $372,512 
                     
Held-to-maturity:                    
Other  $3,672   $-   $(382)  $3,290 
Total held-to-maturity  $3,672   $-   $(382)  $3,290 
Schedule of Available for Sale Securities Continuous Unrealized Loss Position Fair Value

The following table summarizes available-for-sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded at June 30, 2025 and December 31, 2024 along with the length of time each category of securities has been in a continuous loss position:

   

       As of June 30, 2025 
       Less than 12 months   12 months or longer   Total 
   No. of   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
(Dollars in thousands)  securities   value   losses   value   losses   value   losses 
Available-for-sale:                                   
U.S. treasury securities   16   $1,780   $(4)  $31,745   $(505)  $33,525   $(509)
Municipal obligations, tax exempt   236    12,278    (302)   83,518    (3,429)   95,796    (3,731)
Municipal obligations, taxable   96    16,350    (237)   45,387    (2,617)   61,737    (2,854)
Agency mortgage-backed securities   97    5,126    (60)   97,932    (7,674)   103,058    (7,734)
Total for available-for-sale   445   $35,534   $(603)  $258,582   $(14,225)  $294,116   $(14,828)

 

       As of December 31, 2024 
       Less than 12 months   12 months or longer   Total 
   No. of   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
   securities   value   losses   value   losses   value   losses 
Available-for-sale:                                   
U.S. treasury securities   22   $1,558   $-   $43,327   $(944)  $44,885   $(944)
Municipal obligations, tax exempt   254    16,754    (311)   86,409    (3,804)   103,163    (4,115)
Municipal obligations, taxable   107    22,201    (726)   45,285    (3,829)   67,486    (4,555)
Agency mortgage-backed securities   102    18,875    (223)   105,615    (11,257)   124,490    (11,480)
Total for available-for-sale   485    59,388    (1,260)   280,636    (19,834)   340,024    (21,094)
Schedule of Allowance for Credit Losses Related to Held-to-maturity Investment Securities

   

           
   Six months ended 
   June 30, 
(Dollars in thousands)  2025   2024 
Balance at January 1,  $91   $91 
Provision for credit losses   -    - 
Balance at June 30,  $91   $91 
Schedule of Investments Classified by Contractual Maturity Date

   

   Amortized   Estimated 
(Dollars in thousands)  cost   fair value 
Available-for-sale:          
Due in less than one year  $30,620   $30,363 
Due after one year but within five years   199,340    192,019 
Due after five years but within ten years   105,688    101,055 
Due after ten years   30,727    29,005 
Total available-for-sale  $366,375   $352,442 
           
Held-to-maturity:          
Due after one year but within five years   3,730    3,448 
Total held-to-maturity  $3,730   $3,448 
Schedule of Realized Gain (loss)

Sale proceeds and gross realized gains and losses on sales of available-for-sale securities were as follows for the three and six months ended June 30, 2025 and 2024:

   

             
   Three months ended   Six months ended 
   June 30,   June 30, 
(Dollars in thousands)  2025   2024   2025   2024 
                 
Sales proceeds  $-   $-   $3,394   $- 
                     
Realized gains  $-   $-   $22   $- 
Realized losses   -    -    (24)   - 
Net realized losses  $-   $-   $(2)  $-