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Available-For-Sale Securities (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2024, and December 31, 2023, were as follows:
($ in thousands)  Amortized Cost   Gross Unrealized Gains   Gross Unrealized Losses   Fair Value 
September 30, 2024                
U.S. Treasury and Government agencies  $6,687   $1   $(592)  $6,096 
Mortgage-backed securities   207,956    6    (27,490)   180,472 
State and political subdivisions   11,148    -    (1,080)   10,068 
Other corporate securities   17,200    -    (2,325)   14,875 
                     
Totals  $242,991   $7   $(31,487)  $211,511 
                     
    Amortized Cost    Gross Unrealized Gains    Gross Unrealized 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)  $219,708 
Schedule of Amortized Cost and Fair Value of Securities Available-For-Sale The amortized cost and fair value of securities available-for-sale at September 30, 2024, by contractual maturity, are shown below.
   Amortized   Fair 
($ in thousands)  Cost   Value 
         
Within one year  $950   $948 
Due after one year through five years   1,126    1,104 
Due after five years through ten years   25,396    22,376 
Due after ten years   7,563    6,611 
    35,035    31,039 
Mortgage-backed securities   207,956    180,472 
           
Totals  $242,991   $211,511 
Schedule of Securities With Unrealized Losses Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2024, and December 31, 2023, are as follows:
($ in thousands)  Less than 12 Months   12 Months or Longer   Total 
September 30, 2024  Fair Value   Unrealized Losses   Fair Value   Unrealized Losses   Fair Value   Unrealized Losses 
                         
U.S. Treasury and Government agencies  $-   $-   $5,599   $(592)  $5,599   $(592)
Mortgage-backed securities   -    -    180,131    (27,490)   180,131    (27,490)
State and political subdivisions   933    (5)   8,731    (1,075)   9,664    (1,080)
Other corporate securities   365    (135)   14,510    (2,190)   14,875    (2,325)
                               
Totals  $1,298   $(140)  $208,971   $(31,347)  $210,269   $(31,487)
             
   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)