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Investments (Tables)
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024 is as follows:

 

(Dollars in thousands)  As of September 30, 2025 
       Gross   Gross     
   Amortized   unrealized   unrealized   Estimated 
   cost   gains   losses   fair value 
Available-for-sale:                
U. S. treasury securities  $50,661   $518   $(346)  $50,833 
Municipal obligations, tax exempt   98,971    106    (1,694)   97,383 
Municipal obligations, taxable   83,940    510    (2,214)   82,236 
Agency mortgage-backed securities   125,676    305    (6,405)   119,576 
Total available-for-sale  $359,248   $1,439   $(10,659)  $350,028 
                     
Held-to-maturity:                    
Other  $3,760   $-   $(292)  $3,468 
Total held-to-maturity  $3,760   $-   $(292)  $3,468 

 

   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 September 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 September 30, 2025 
(Dollars in thousands)      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   13   $-   $-   $32,032   $(346)  $32,032   $(346)
Municipal obligations, tax exempt   157    1,629    (41)   65,421    (1,653)   67,050    (1,694)
Municipal obligations, taxable   82    4,715    (86)   47,549    (2,128)   52,264    (2,214)
Agency mortgage-backed securities   97    -    -    98,465    (6,405)   98,465    (6,405)
Total for available-for-sale   349   $6,344   $(127)  $243,467   $(10,532)  $249,811   $(10,659)

 

       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

           
   Nine months ended 
   September 30, 
(Dollars in thousands)  2025   2024 
Balance at January 1,  $91   $91 
Provision for credit losses   -    - 
Balance at September 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  $32,811   $32,579 
Due after one year but within five years   203,627    196,665 
Due after five years but within ten years   88,990    87,705 
Due after ten years   33,820    33,079 
Total available-for-sale  $359,248   $350,028 
           
Held-to-maturity:          
Due after one year but within five years   3,760    3,468 
Total held-to-maturity  $3,760   $3,468 
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 nine months ended September 30, 2025 and 2024:

 

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