XML 37 R30.htm IDEA: XBRL DOCUMENT v3.25.1
Investment Securities (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities Available-for-Sale and Held-to-Maturity

Details of investment securities available-for-sale and held-to-maturity as of March 31, 2025 and December 31, 2024 were as follows:

 

 

 

Available-for-Sale

 

 

 

March 31, 2025

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

84,064

 

 

$

823

 

 

$

(1,931

)

 

$

82,956

 

Commercial

 

 

11,340

 

 

 

73

 

 

 

(159

)

 

 

11,254

 

Obligations of U.S. government-sponsored agencies

 

 

10,589

 

 

 

151

 

 

 

(471

)

 

 

10,269

 

Obligations of states and political subdivisions

 

 

1,566

 

 

 

 

 

 

(17

)

 

 

1,549

 

Corporate notes

 

 

17,759

 

 

 

33

 

 

 

(1,303

)

 

 

16,489

 

U.S. Treasury securities

 

 

40,023

 

 

 

 

 

 

(1,226

)

 

 

38,797

 

Total

 

$

165,341

 

 

$

1,080

 

 

$

(5,107

)

 

$

161,314

 

 

 

 

Held-to-Maturity

 

 

 

March 31, 2025

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

236

 

 

$

 

 

$

(8

)

 

$

228

 

Obligations of U.S. government-sponsored agencies

 

 

375

 

 

 

 

 

 

(21

)

 

$

354

 

Obligations of states and political subdivisions

 

 

21

 

 

 

 

 

 

(1

)

 

$

20

 

Total

 

$

632

 

 

$

 

 

$

(30

)

 

$

602

 

 

 

 

Available-for-Sale

 

 

 

December 31, 2024

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

87,703

 

 

$

347

 

 

$

(2,768

)

 

$

85,282

 

Commercial

 

 

12,105

 

 

 

17

 

 

 

(202

)

 

 

11,920

 

Obligations of U.S. government-sponsored agencies

 

 

11,436

 

 

 

18

 

 

 

(620

)

 

 

10,834

 

Obligations of states and political subdivisions

 

 

1,577

 

 

 

 

 

 

(28

)

 

 

1,549

 

Corporate notes

 

 

17,757

 

 

 

58

 

 

 

(1,871

)

 

 

15,944

 

U.S. Treasury securities

 

 

44,019

 

 

 

 

 

 

(1,660

)

 

 

42,359

 

Total

 

$

174,597

 

 

$

440

 

 

$

(7,149

)

 

$

167,888

 

 

 

 

Held-to-Maturity

 

 

 

December 31, 2024

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Estimated
Fair
Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

264

 

 

$

 

 

$

(10

)

 

$

254

 

Obligations of U.S. government-sponsored agencies

 

 

384

 

 

 

 

 

 

(27

)

 

 

357

 

Obligations of states and political subdivisions

 

 

34

 

 

 

 

 

 

(3

)

 

 

31

 

Total

 

$

682

 

 

$

 

 

$

(40

)

 

$

642

 

Maturities of Investment Securities Available-for-Sale and Held-to-Maturity

The scheduled maturities of investment securities available-for-sale and held-to-maturity as of March 31, 2025 are presented in the following table:

 

 

 

Available-for-Sale

 

 

Held-to-Maturity

 

 

 

Amortized
Cost

 

 

Estimated
Fair Value

 

 

Amortized
Cost

 

 

Estimated
Fair Value

 

 

 

(Dollars in Thousands)

 

Maturing within one year

 

$

20,278

 

 

$

20,109

 

 

$

 

 

$

 

Maturing after one to five years

 

 

26,668

 

 

 

25,527

 

 

 

242

 

 

 

237

 

Maturing after five to ten years

 

 

57,533

 

 

 

54,387

 

 

 

290

 

 

 

271

 

Maturing after ten years

 

 

60,862

 

 

 

61,291

 

 

 

100

 

 

 

94

 

Total

 

$

165,341

 

 

$

161,314

 

 

$

632

 

 

$

602

 

Schedule of Fair Value and Unrealized Loss on Investments for Securities for Which Allowance for Credit Losses has not been Recorded

The following tables reflect fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of March 31, 2025 and December 31, 2024.

 

 

 

Available-for-Sale

 

 

 

March 31, 2025

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

4,681

 

 

$

(10

)

 

$

26,999

 

 

$

(1,921

)

Commercial

 

 

881

 

 

 

(4

)

 

 

4,936

 

 

 

(155

)

Obligations of U.S. government-sponsored agencies

 

 

 

 

 

 

 

 

4,599

 

 

 

(471

)

Obligations of states and political subdivisions

 

 

 

 

 

 

 

 

1,549

 

 

 

(17

)

Corporate notes

 

 

 

 

 

 

 

 

14,456

 

 

 

(1,303

)

U.S. Treasury securities

 

 

 

 

 

 

 

 

38,797

 

 

 

(1,226

)

Total

 

$

5,562

 

 

$

(14

)

 

$

91,336

 

 

$

(5,093

)

 

 

 

Held-to-Maturity

 

 

 

March 31, 2025

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

 

 

$

 

 

$

228

 

 

$

(8

)

Obligations of U.S. government-sponsored agencies

 

 

 

 

 

 

 

 

354

 

 

 

(21

)

Obligations of states and political subdivisions

 

 

 

 

 

 

 

 

20

 

 

 

(1

)

Total

 

$

 

 

$

 

 

$

602

 

 

$

(30

)

 

 

Available-for-Sale

 

 

 

December 31, 2024

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

41,417

 

 

$

(424

)

 

$

28,520

 

 

$

(2,344

)

Commercial

 

 

3,374

 

 

 

(13

)

 

 

5,331

 

 

 

(189

)

Obligations of U.S. government-sponsored agencies

 

 

3,823

 

 

 

(1

)

 

 

4,457

 

 

 

(619

)

Obligations of states and political subdivisions

 

 

 

 

 

 

 

 

1,549

 

 

 

(28

)

Corporate notes

 

 

 

 

 

 

 

 

13,886

 

 

 

(1,871

)

U.S. Treasury securities

 

 

 

 

 

 

 

 

42,359

 

 

 

(1,660

)

Total

 

$

48,614

 

 

$

(438

)

 

$

96,102

 

 

$

(6,711

)

 

 

 

Held-to-Maturity

 

 

 

December 31, 2024

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

 

 

$

 

 

$

254

 

 

$

(10

)

Obligations of U.S. government-sponsored agencies

 

 

 

 

 

 

 

 

357

 

 

 

(27

)

Obligations of states and political subdivisions

 

 

 

 

 

 

 

 

31

 

 

 

(3

)

Total

 

$

 

 

$

 

 

$

642

 

 

$

(40

)