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Securities (Tables)
3 Months Ended
Mar. 31, 2025
Securities  
Schedule of amortized cost and fair values, together with gross unrealized gains and losses of securities

    

Gross

    

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

Available-for-sale Securities:

March 31, 2025:

 

  

 

  

 

  

  

U.S. government agencies

$

12,500

$

$

(160)

$

12,340

Subordinated notes

 

26,928

(2,500)

24,428

State and municipal obligations

205,627

34

(12,586)

193,075

Total debt securities

$

245,055

$

34

$

(15,246)

$

229,843

    

Gross

    

Gross

Unrealized

Unrealized

    

Amortized Cost

    

Gains

    

Losses

    

Fair Value

(In thousands)

Available-for-sale Securities:

 

  

 

  

 

  

 

  

December 31, 2024:

 

  

 

  

 

  

 

  

U.S. government agencies

$

12,500

$

$

(246)

$

12,254

Subordinated notes

26,942

(2,824)

24,118

State and municipal obligations

213,319

335

(9,395)

204,259

Total debt securities

$

252,761

$

335

$

(12,465)

$

240,631

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

Amortized

Fair 

    

Cost

    

Value

(In thousands)

Under one year

$

4,235

$

4,194

One to five years

 

14,500

14,376

Five to ten years

 

27,037

24,329

Over ten years

 

199,283

186,944

Totals

$

245,055

$

229,843

Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time

March 31, 2025

Less than 12 Months

12 Months or More

Total

Description of

Unrealized

Unrealized

Unrealized

Securities

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

 

(In thousands)

U.S. Government agencies

$

$

$

12,340

$

(160)

$

12,340

$

(160)

Subordinated notes

24,428

(2,500)

24,428

(2,500)

State and municipal obligations

133,752

(4,706)

51,152

(7,880)

184,904

(12,586)

Total temporarily impaired securities

$

133,752

$

(4,706)

$

87,920

$

(10,540)

$

221,672

$

(15,246)

December 31, 2024

Less than 12 Months

12 Months or More

Total

Description of

Unrealized

Unrealized

Unrealized

Securities

    

Fair Value

    

Losses

    

Fair Value

    

Losses

    

Fair Value

    

Losses

 

(In thousands)

US government agencies

$

$

$

12,254

$

(246)

$

12,254

$

(246)

Subordinated notes

24,118

(2,824)

24,118

(2,824)

State and municipal obligations

127,876

(2,478)

44,535

(6,917)

172,411

(9,395)

Total temporarily impaired securities

$

127,876

$

(2,478)

$

80,907

$

(9,987)

$

208,783

$

(12,465)