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Available-For-Sale Securities (Tables)
3 Months Ended
Mar. 31, 2024
Available-for-Sale Securities [Abstract]  
Schedule of Amortized Cost and Appropriate Fair Values, Together With Gross Unrealized Gains and Losses, of Securities The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of securities at March 31, 2024, and December 31, 2023, were as follows:
       Gross   Gross     
   Amortized   Unrealized   Unrealized     
($ in thousands)  Cost   Gains   Losses   Fair Value 
March 31, 2024                
U.S. Treasury and Government agencies  $7,238   $
         -
   $(813)  $6,425 
Mortgage-backed securities   217,543    3    (34,994)   182,552 
State and political subdivisions   11,191    3    (1,433)   9,761 
Other corporate securities   17,200    
-
    (2,699)   14,501 
                     
Totals  $253,172   $6   $(39,939)  $213,239 
       Gross   Gross     
   Amortized   Unrealized   Unrealized     
   Cost   Gains   Losses   Fair Value 
December 31, 2023                
U.S. Treasury and Government agencies  $7,339   $         1   $(823)  $6,517 
Mortgage-backed securities   221,717    3    (32,853)   188,867 
State and political subdivisions   11,212    8    (1,322)   9,898 
Other corporate securities   17,200    
-
    (2,774)   14,426 
                     
Totals  $257,468   $12   $(37,772)  $219,708 
Schedule of Amortized Cost and Fair Value of Securities Available-For-Sale The amortized cost and fair value of securities available-for-sale at March 31, 2024, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
   Amortized   Fair 
($ in thousands)  Cost   Value 
         
Within one year  $1,016   $1,002 
Due after one year through five years   1,603    1,537 
Due after five years through ten years   24,474    20,895 
Due after ten years   8,536    7,253 
    35,629    30,687 
Mortgage-backed securities   217,543    182,552 
           
Totals  $253,172   $213,239 
Schedule of Securities With Unrealized Losses Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2024, and December 31, 2023, are as follows:
($ in thousands)  Less than 12 Months   12 Months or Longer   Total 
March 31, 2024  Fair Value   Unrealized
Losses
   Fair Value   Unrealized
Losses
   Fair Value   Unrealized
Losses
 
                         
U.S. Treasury and Government agencies  $-   $            -   $6,423   $(813)  $6,423   $(813)
Mortgage-backed securities   -    -    182,208    (34,994)   182,208    (34,994)
State and political subdivisions   625    (5)   8,417    (1,428)   9,042    (1,433)
Other corporate securities   423    (78)   14,078    (2,621)   14,501    (2,699)
                               
Totals  $1,048   $(83)  $211,126   $(39,856)  $212,174   $(39,939)
   Less than 12 Months   12 Months or Longer   Total 
December 31, 2023  Fair Value   Unrealized
Losses
   Fair Value   Unrealized
Losses
   Fair Value   Unrealized
Losses
 
                         
U.S. Treasury and Government agencies  $          -   $                -   $6,022   $(823)  $6,022   $(823)
Mortgage-backed securities   -    -    188,508    (32,853)   188,508    (32,853)
State and political subdivisions   -    -    8,541    (1,322)   8,541    (1,322)
Other corporate securities   -    -    13,926    (2,774)   13,926    (2,774)
                               
Totals  $-   $-   $216,997   $(37,772)  $216,997   $(37,772)