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Investment Securities (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 2025 and December 31, 2024 were as follows:

 

 

 

Available-for-Sale

 

 

 

September 30, 2025

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

106,036

 

 

$

1,564

 

 

$

(1,728

)

 

 

105,872

 

Commercial

 

 

8,245

 

 

 

83

 

 

 

(86

)

 

 

8,242

 

Obligations of U.S. government-sponsored agencies

 

 

12,177

 

 

 

162

 

 

 

(349

)

 

 

11,990

 

Obligations of states and political subdivisions

 

 

1,691

 

 

 

54

 

 

 

(4

)

 

 

1,741

 

Corporate notes

 

 

17,762

 

 

 

88

 

 

 

(1,017

)

 

 

16,833

 

U.S. Treasury securities

 

 

20,010

 

 

 

—

 

 

 

(719

)

 

 

19,291

 

Total

 

$

165,921

 

 

$

1,951

 

 

$

(3,903

)

 

$

163,969

 

 

 

 

Held-to-Maturity

 

 

 

September 30, 2025

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

185

 

 

$

—

 

 

$

(5

)

 

$

180

 

Obligations of U.S. government-sponsored agencies

 

 

335

 

 

 

—

 

 

 

(15

)

 

 

320

 

Obligations of states and political subdivisions

 

 

4

 

 

 

—

 

 

 

—

 

 

 

4

 

Total

 

$

524

 

 

$

—

 

 

$

(20

)

 

$

504

 

 

 

 

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 September 30, 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

 

$

10,455

 

 

$

10,238

 

 

$

—

 

 

$

—

 

Maturing after one to five years

 

 

14,884

 

 

 

14,412

 

 

 

189

 

 

 

187

 

Maturing after five to ten years

 

 

58,452

 

 

 

56,142

 

 

 

251

 

 

 

236

 

Maturing after ten years

 

 

82,130

 

 

 

83,177

 

 

 

84

 

 

 

81

 

Total

 

$

165,921

 

 

$

163,969

 

 

$

524

 

 

$

504

 
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 September 30, 2025 and December 31, 2024.

 

 

 

Available-for-Sale

 

 

 

September 30, 2025

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

25,109

 

 

$

(263

)

 

$

23,794

 

 

$

(1,465

)

Commercial

 

 

—

 

 

 

—

 

 

 

3,583

 

 

 

(86

)

Obligations of U.S. government-sponsored agencies

 

 

1,995

 

 

 

(5

)

 

 

4,714

 

 

 

(344

)

Obligations of states and political subdivisions

 

 

—

 

 

 

—

 

 

 

297

 

 

 

(4

)

Corporate notes

 

 

—

 

 

 

—

 

 

 

14,745

 

 

 

(1,017

)

U.S. Treasury securities

 

 

—

 

 

 

—

 

 

 

19,291

 

 

 

(719

)

Total

 

$

27,104

 

 

$

(268

)

 

$

66,424

 

 

$

(3,635

)

 

 

 

Held-to-Maturity

 

 

 

September 30, 2025

 

 

 

Less than 12 Months

 

 

12 Months or More

 

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

—

 

 

$

—

 

 

$

180

 

 

$

(5

)

Obligations of U.S. government-sponsored agencies

 

 

—

 

 

 

—

 

 

 

320

 

 

 

(15

)

Obligations of states and political subdivisions

 

 

—

 

 

 

—

 

 

 

4

 

 

 

—

 

Total

 

$

—

 

 

$

—

 

 

$

504

 

 

$

(20

)

 

 

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

)