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Securities (Tables)
6 Months Ended
Jun. 30, 2025
Securities [Abstract]  
Amortized Cost And Fair Value Of Available-For-Sale Securities Portfolio

The following tables summarize the amortized cost and fair value of the Company’s available-for-sale securities portfolio at June 30, 2025 and December 31, 2024, and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive loss:

 

 

 

Amortized Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

June 30, 2025 (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt

 

$

 

9,984

 

 

$

 

 

 

$

 

1,984

 

 

$

 

8,000

 

Issued by U.S. government-sponsored entities and agencies:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury (1)

 

 

 

996

 

 

 

 

 

 

 

 

 

 

 

 

996

 

Total

 

$

 

10,980

 

 

$

 

-

 

 

$

 

1,984

 

 

$

 

8,996

 

 

(1)
Unrealized gain is less than $1 resulting in rounding to zero.

 

 

 

Amortized Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt

 

$

 

9,983

 

 

$

 

 

 

$

 

2,283

 

 

$

 

7,700

 

Issued by U.S. government-sponsored entities and agencies:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

 

982

 

 

 

 

1

 

 

 

 

 

 

 

 

983

 

Total

 

$

 

10,965

 

 

$

 

1

 

 

$

 

2,283

 

 

$

 

8,683

 

Securities Classified By Maturity Date The amortized cost and fair value of debt securities at June 30, 2025 and December 31, 2024 are shown in the table below by contractual maturity.

 

 

June 30, 2025

 

 

 

December 31, 2024

 

 

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

 

Fair Value

 

 

Amortized Cost

 

 

Fair Value

 

Due in one year or less

 

$

 

996

 

 

$

 

996

 

 

$

 

982

 

 

$

 

983

 

Due from five to ten years

 

 

 

9,984

 

 

 

 

8,000

 

 

 

 

9,983

 

 

 

 

7,700

 

Total

 

$

 

10,980

 

 

$

 

8,996

 

 

$

 

10,965

 

 

$

 

8,683

 

Fair Value Of Securities Pledged

Fair value of securities pledged as collateral was as follows:

 

 

June 30, 2025

 

 

December 31, 2024

 

 

(unaudited)

 

 

 

 

 

Pledged as collateral for:

 

 

 

 

 

 

 

Public deposits

 

 

746

 

 

 

 

737

 

Total

$

 

746

 

 

$

 

737

 

Securities With Unrealized Losses

The following table summarizes securities with unrealized losses at June 30, 2025 and December 31, 2024, aggregated by major security type and length of time in a continuous unrealized loss position.

 

June 30, 2025 (unaudited)

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

Description of Securities

 

Fair Value

 

 

Unrealized
Loss

 

 

Fair Value

 

 

Unrealized
Loss

 

 

Fair Value

 

 

Unrealized
Loss

 

Corporate debt

 

$

 

 

 

$

 

 

 

$

 

8,000

 

 

$

 

1,984

 

 

$

 

8,000

 

 

$

 

1,984

 

Total temporarily impaired

 

$

 

 

 

$

 

 

 

$

 

8,000

 

 

$

 

1,984

 

 

$

 

8,000

 

 

$

 

1,984

 

 

December 31, 2024

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

Description of Securities

 

Fair Value

 

 

Unrealized
Loss

 

 

Fair Value

 

 

Unrealized
Loss

 

 

Fair Value

 

 

Unrealized
Loss

 

Corporate debt

 

$

 

 

 

$

 

 

 

$

 

7,700

 

 

$

 

2,283

 

 

$

 

7,700

 

 

$

 

2,283

 

Total temporarily impaired

 

$

 

-

 

 

$

 

 

 

$

 

7,700

 

 

$

 

2,283

 

 

$

 

7,700

 

 

$

 

2,283