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Available-for-Sale Securities (Tables)
 12 Months Ended
Dec. 31, 2024
Available-for-Sale Securities [Abstract]  
Schedule of Amortized Cost and Fair Values with Gross Unrealized Gains and Losses

The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of available-for-sale securities at December 31, 2024 and December 31, 2023 were as follows:

 

       Gross   Gross     
($ in thousands)  Amortized   Unrealized   Unrealized     
   Cost   Gains   Losses   Fair Value 
December 31, 2024                
U.S. Treasury and Government agencies  $8,120   $
        -
   $(731)  $7,389 
Mortgage-backed securities   203,646    4    (34,030)   169,620 
State and political subdivisions   10,893    
-
    (1,486)   9,407 
Other corporate securities   17,200    
-
    (2,029)   15,171 
Totals  $239,859   $4   $(38,276)  $201,587 

 

       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 December 31, 2024, by contractual maturity, are shown below. Expected maturities 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  $2,140   $2,140 
Due after one year through five years   1,125    1,093 
Due after five years through ten years   26,023    23,049 
Due after ten years   6,925    5,685 
    36,213    31,967 
Mortgage-backed securities   203,646    169,620 
Totals  $239,859   $201,587 
Schedule of Securities with Unrealized Losses

The following tables present securities with unrealized losses at December 31, 2024 and 2023:

 

($ in thousands)      Less than 12 Months   12 Months or Longer   Total 
  Number of
Securities		   Fair Value   Unrealized
Losses		   Fair Value   Unrealized
Losses		   Fair Value   Unrealized
Losses		 
December 31, 2024                            
U.S. Treasury and Government agencies   11   $1,929   $
  -
   $5,460   $(731)  $7,389   $(731)
Mortgage-backed securities   92    
-
   $
-
    169,286    (34,030)   169,286   (34,030)
State and political subdivisions   21    1,319   $(21)   8,088    (1,465)   9,407    (1,486)
Other corporate securities   14    385   $(115)   14,786    (1,914)   15,171    (2,029)
Totals   138   $3,633   $(136)  $197,620   $(38,140)  $201,253   $(38,276)

 

       Less than 12 Months   12 Months or Longer   Total 
  Number of
Securities		   Fair Value   Unrealized
Losses		   Fair Value   Unrealized
Losses		   Fair Value   Unrealized
Losses		 
December 31, 2023                            
U.S. Treasury and Government agencies   8   $
-
   $
       -
   $6,022   $(823)  $6,022   $(823)
Mortgage-backed securities   98    
-
    
-
    188,508    (32,853)   188,508    (32,853)
State and political subdivisions   20    
-
    
-
    8,541    (1,322)   8,541    (1,322)
Other corporate securities   13    
-
    
-
    13,926    (2,774)   13,926    (2,774)
Totals   139   $
-
   $
-
   $216,997   $(37,772)  $216,997   $(37,772)