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Securities (Tables)

12 Months Ended

Dec. 31, 2024

Securities [Abstract]

Summary Of Securities Held-To-Maturity And Securities Available-For-Sale

A summary of the amortized cost and fair value of securities, with gross unrealized gains and losses, follows:


	December 31, 2024
	Amortized			Gross Unrealized						Fair
(in thousands)	Cost			Gains			Losses			Value
Held-to-maturity
U.S. agency obligations	$	3,606		$	—		$	(436)		$	3,170

Available-for-sale
U.S. agency obligations		79,976			—			(6,916)			73,060
Mortgage-backed securities		69,312			9			(10,348)			58,973
Municipals		52,123			—			(10,562)			41,561
Corporates		15,510			—			(1,188)			14,322

	$	216,921		$	9		$	(29,014)		$	187,916


	December 31, 2023
	Amortized			Gross Unrealized						Fair
(in thousands)	Cost			Gains			Losses			Value
Held-to-maturity
U.S. agency obligations	$	3,622		$	—		$	(391)		$	3,231

Available-for-sale
U.S. Treasuries	$	4,985		$	—		$	(38)		$	4,947
U.S. agency obligations		68,515			—			(7,560)			60,955
Mortgage-backed securities		103,992			608			(9,521)			95,079
Municipals		50,856			—			(10,067)			40,789
Corporates		15,523			—			(783)			14,740

	$	243,871		$	608		$	(27,969)		$	216,510

Gross Unrealized Losses And Fair Value Of The Bank’s Investments


December 31, 2024	Less than 12 months						More than 12 months						Total
	Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
(in thousands)	Value			Losses			Value			Losses			Value			Losses
Available-for-sale
U.S. agency obligations	$	11,455	$		324	$		61,606		$	6,592		$	73,061		$	6,916
Mortgage-backed securities		4,026			176			54,207			10,172			58,233			10,348
Municipals		1,847			31			39,714			10,531			41,561			10,562
Corporates		7,392			608			6,930			580			14,322			1,188

Total	$	24,720		$	1,139		$	162,457		$	27,875		$	187,177		$	29,014


December 31, 2023	Less than 12 months						More than 12 months						Total
	Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
(in thousands)	Value			Losses			Value			Losses			Value			Losses
Available-for-sale
U.S. Treasuries	$	—		$	—		$	4,947		$	38		$	4,947		$	38
U.S. agency obligations		—			—			60,955			7,560			60,955			7,560
Mortgage-backed securities		—			—			62,242			9,521			62,242			9,521
Municipals		1,799			25			38,990			10,042			40,789			10,067
Corporates		—			—			6,740			783			6,740			783

Total	$	1,799		$	25		$	173,874		$	27,944		$	175,673		$	27,969

Contractual Maturities Of Investment Securities


	Held-to-Maturity						Available-for-Sale
	Amortized			Fair			Amortized			Fair
(in thousands)	Cost			Values			Cost			Values
Due in one year or less	$	—		$	—		$	15,524		$	15,386
Due after one year through five years		—			—			39,295			36,110
Due after five years through ten years		2,419			2,177			63,085			55,408
Due after ten years		1,187			993			99,017			81,012

	$	3,606		$	3,170		$	216,921		$	187,916