XML 20 R14.htm IDEA: XBRL DOCUMENT
v3.25.3

Securities | 9 Months Ended
--- | ---
Sep. 30, 2025
Securities [Abstract] |
Securities | NOTE 3 – SECURITIES The following tables summarize the amortized cost and fair value of the Company’s available-for-sale securities portfolio at September 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 |
September 30, 2025 (unaudited) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt |  | $ |  | 9,985 |  |  | $ |  | — |  |  | $ |  | 1,785 |  |  | $ |  | 8,200 |
Issued by U.S. government-sponsored entities and agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury |  |  |  | 998 |  |  |  |  | 1 |  |  |  |  | — |  |  |  |  | 999 |
Total |  | $ |  | 10,983 |  |  | $ |  | 1 |  |  | $ |  | 1,785 |  |  | $ |  | 9,199 |
|  | 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 |
There was no impairment recognized in accumulated other comprehensive loss for securities available for sale at September 30, 2025 or September 30, 2024. There were no sales of securities during the three and nine months ended September 30, 2025 and 2024. The amortized cost and fair value of debt securities at September 30, 2025 and December 31, 2024 are shown in the table below by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.
|  | September 30, 2025 |  |  |  | December 31, 2024 |
|  | (unaudited) |  |  |  |  |  |  |  |  |
|  | Amortized Cost |  |  | Fair Value |  |  | Amortized Cost |  |  | Fair Value |
Due in one year or less |  | $ |  | 998 |  |  | $ |  | 999 |  |  | $ |  | 982 |  |  | $ |  | 983 |
Due from five to ten years |  |  |  | 9,985 |  |  |  |  | 8,200 |  |  |  |  | 9,983 |  |  |  |  | 7,700 |
Total |  | $ |  | 10,983 |  |  | $ |  | 9,199 |  |  | $ |  | 10,965 |  |  | $ |  | 8,683 |
Fair value of securities pledged as collateral was as follows:
| September 30, 2025 |  |  | December 31, 2024 |
| (unaudited) |  |  |  |  |
Pledged as collateral for: |  |  |  |  |  |  |
Public deposits |  |  | 749 |  |  |  |  | 737 |
Total | $ |  | 749 |  |  | $ |  | 737 |
At September 30, 2025 and December 31, 2024, there were no holdings of securities of any one issuer in an amount greater than 10% of stockholders’ equity. The following table summarizes securities with unrealized losses at September 30, 2025 and December 31, 2024, aggregated by major security type and length of time in a continuous unrealized loss position.
September 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 |  | $ |  | — |  |  | $ |  | — |  |  | $ |  | 8,200 |  |  | $ |  | 1,785 |  |  | $ |  | 8,200 |  |  | $ |  | 1,785 |
Total temporarily impaired |  | $ |  | — |  |  | $ |  | — |  |  | $ |  | 8,200 |  |  | $ |  | 1,785 |  |  | $ |  | 8,200 |  |  | $ |  | 1,785 |
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 |
At September 30, 2025, 89.1% of t he Company’s available for sale securities were reported at less than historical cost. At December 31, 2024, 88.7% of the Company's available for sale securities were reported at less than historical cost. The unrealized losses at September 30, 2025 and December 31, 2024 were related to one Corporate debt security. Because the decline in fair value was attributable to changes in market conditions, and not credit quality, and because the Company did not have the intent to sell this security and it was likely that it would not be required to sell this security before its anticipated recovery, the Company did not record an allowance for credit losses with respect to this security at September 30, 2025 and December 31, 2024.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration