XML 35 R25.htm IDEA: XBRL DOCUMENT v3.25.3
Available-for-Sale Securities (Tables)
 9 Months Ended
Sep. 30, 2025
Investments [Abstract]  
Schedule of Available-for-sale Securities
The amortized cost, gross unrealized gains, gross unrealized losses and fair values of available-for-sale securities at September 30, 2025 and December 31, 2024 are as follows:
(In thousands)Amortized CostGross Unrealized GainsGross Unrealized (Losses)Fair Value
September 30, 2025:
Federal Farm Credit Bank$13,903 $— $(2,748)$11,155 
Fannie Mae19,631 31 (1,939)17,723 
FHLMC33,844 132 (3,888)30,088 
GNMA30,524 — (4,400)26,124 
U. S. Government agency and mortgage-backed securities97,902 163 (12,975)85,090 
Corporate bonds15,996 — (2,501)13,495 
Subordinated notes4,000 — (375)3,625 
SBA loan pools4,146 — (807)3,339 
Total available-for-sale securities$122,044 $163 $(16,658)$105,549 
December 31, 2024:
Federal Farm Credit Bank$13,897 $— $(3,355)$10,542 
Fannie Mae11,468 — (2,415)9,053 
FHLMC18,942 — (4,689)14,253 
GNMA31,382 — (5,007)26,375 
U. S. Government agency and mortgage-backed securities75,689 — (15,466)60,223 
Corporate bonds15,996 — (3,261)12,735 
Subordinated notes4,000 — (539)3,461 
SBA loan pools4,562 — (989)3,573 
Total available-for-sale securities$100,247 $— $(20,255)$79,992 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of September 30, 2025 and December 31, 2024:
(In thousands)Less than 12 Months12 Months or MoreTotal
Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss)
September 30, 2025:
U. S. Government agency and mortgage-backed securities$9,280 $(49)$60,551 $(12,926)$69,831 $(12,975)
Corporate bonds— — 13,495 (2,501)13,495 (2,501)
Subordinated notes— — 3,625 (375)3,625 (375)
SBA loan pools— — 3,339 (807)3,339 (807)
Total available-for-sale securities$9,280 $(49)$81,010 $(16,609)$90,290 $(16,658)
      
December 31, 2024:      
U. S. Government agency and mortgage-backed securities$4,170 $(160)$56,053 $(15,306)$60,223 $(15,466)
Corporate bonds— — 12,735 (3,261)12,735 (3,261)
Subordinated notes— — 3,461 (539)3,461 (539)
SBA loan pools— — 3,573 (989)3,573 (989)
Total available-for-sale securities$4,170 $(160)$75,822 $(20,095)$79,992 $(20,255)
Schedule of Investments Classified by Contractual Maturity Date
The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of September 30, 2025 and December 31, 2024. The mortgages underlying the mortgage-backed securities are not due at a single maturity date. Additionally, these mortgages often are and generally may be pre-paid without penalty, creating a degree of uncertainty that such investments can be held until maturity. For convenience, mortgage-backed securities have been included in the summary as a separate line item.
(In thousands)Amortized CostFair Value
Due
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		TotalDue
Within
5 years		 Due After
5 years
through
10 years		 Due
After
10 years		Total
September 30, 2025:
Corporate bonds$—  $15,996  $— $15,996 $—  $13,495  $— $13,495 
Subordinated notes3,000  1,000  — 4,000 2,723  902  — 3,625 
SBA loan pools—  —  4,146 4,146 —  —  3,339 3,339 
Municipal bonds—  —  — — —  —  — — 
Available-for-sale securities with stated maturity dates3,000  16,996  4,146 24,142 2,723  14,397  3,339 20,459 
U. S. Government agency and mortgage-backed securities—  5,146  92,756 97,902 —  4,371  80,719 85,090 
Total available-for-sale securities$3,000  $22,142  $96,902 $122,044 $2,723  $18,768  $84,058 $105,549 
December 31, 2024:
Corporate bonds$—  $15,996  $— $15,996 $—  $12,735  $— $12,735 
Subordinated notes3,000  1,000  — 4,000 2,610  851  — 3,461 
SBA loan pools—  —  4,562 4,562 —  —  3,573 3,573 
Municipal bonds—  —  — — —  —  — — 
Available-for-sale securities with stated maturity dates3,000  16,996  4,562 24,558 2,610  13,586  3,573 19,769 
U. S. Government agency and mortgage-backed securities—  5,172  70,517 75,689 —  4,134  56,089 60,223 
Total available-for-sale securities$3,000  $22,168  $75,079 $100,247 $2,610  $17,720  $59,662 $79,992