XML 62 R49.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Investment Securities - Additional information (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2024
USD ($)
position
security
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
security
Investment Securities:      
Held to maturity securities, fair value $ 59,180,000   $ 58,621,000
Equity securities $ 337,000   $ 499,000
The weighted average duration of the total investment securities portfolio 49 months 18 days   49 months 12 days
Proceeds from sales of investment securities - available for sale $ 435,000 $ 0  
Book value of securities available for sale and held to maturity 134,516,000   $ 135,624,000
Accrued interest receivable on available for sale debt securities $ 1,200,000   988,000
Premium percentage on mortgage backed securities purchased 100.80%    
Unrealized loss on equity securities $ 0    
Held to maturity, allowance for credit losses 90,000 83,000 37,000
Accrued interest receivable on held to maturity debt securities 439,000   388,000
Held to maturity debt securities in non-accrual 0   0
Provision for credit losses recovery on available for sale debt securities recorded 319,000 926,000  
Charge-off resulted from sale of securities 491,000    
Available for Sale Securities, allowance for credit losses $ 116,000 926,000 $ 926,000
Number of available for sale debt securities in non accrual status | security 0   1
Available-for-Sale debt securities in non-accrual     $ 926,000
Percentage of unrealized loss position for less than 12 months 1.00%    
Percentage of unrealized loss position for greater than 12 months 11.80%    
Assets $ 1,384,516,000   1,389,638,000
Net income 1,904,000 1,515,000  
U.S. Agency      
Investment Securities:      
Held to maturity securities, fair value 2,109,000   2,121,000
Held to maturity, allowance for credit losses $ 0    
Unrealized loss position for greater than 12 months, Number of positions | position 7    
U.S. Agency mortgage-backed securities      
Investment Securities:      
Held to maturity securities, fair value $ 22,942,000   22,213,000
Held to maturity, allowance for credit losses $ 0    
Unrealized loss position for less than 12 months, Number of positions | position 8    
Unrealized loss position for greater than 12 months, Number of positions | position 138    
Municipal      
Investment Securities:      
Held to maturity securities, fair value $ 29,870,000   29,990,000
Held to maturity, allowance for credit losses $ 2,000 3,000 2,000
Unrealized loss position for greater than 12 months, Number of positions | position 31    
Corporate bonds.      
Investment Securities:      
Provision for credit losses recovery on available for sale debt securities recorded $ 319,000 926,000  
Charge-off resulted from sale of securities 491,000    
Available for Sale Securities, allowance for credit losses $ 116,000 $ 926,000 $ 926,000
Unrealized loss position for less than 12 months, Number of positions | position 1    
Unrealized loss position for greater than 12 months, Number of positions | position 85    
Subordinated debt investment      
Investment Securities:      
Charge-off resulted from sale of securities $ 491,000    
Provision for credit losses recovery recognized $ 435,000    
AAA/AA/A.      
INVESTMENT SECURITIES      
Portfolio rated 56.60%   55.90%
Securities rated below A      
INVESTMENT SECURITIES      
Portfolio rated 14.30%   15.10%
Maximum      
Investment Securities:      
The weighted average duration of the total investment securities portfolio 60 months