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INVESTMENT SECURITIES (Tables) | 3 Months Ended
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Mar. 31, 2025
INVESTMENT SECURITIES |
Schedule of summary of investment securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | At March 31, 2025
​ | ​ | ​ | ​ |  | Gross |  | Gross |  | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(dollars in thousands) | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateralized mortgage obligations | ​ | $ | 14,147 | ​ | $ | 15 | ​ | $ | (2,210) | ​ | $ | 11,952
Agency mortgage-backed securities | ​ | ​ | 42,587 | ​ | ​ | — | ​ | ​ | (4,856) | ​ | ​ | 37,731
Municipal securities | ​ | ​ | 41,586 | ​ | ​ | 4 | ​ | ​ | (10,309) | ​ | ​ | 31,281
U.S. Government agency securities | ​ | ​ | 31,349 | ​ | ​ | — | ​ | ​ | (7,031) | ​ | ​ | 24,318
Corporate Securities | ​ | ​ | 1,500 | ​ | ​ | — | ​ | ​ | (159) | ​ | ​ | 1,341
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total securities available for sale | ​ | $ | 131,169 | ​ | $ | 19 | ​ | $ | (24,565) | ​ | $ | 106,623
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | At December 31, 2024
​ | ​ | ​ | ​ |  | Gross |  | Gross |  | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
(dollars in thousands) | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateralized mortgage obligations | ​ | $ | 14,439 | ​ | $ | 21 | ​ | $ | (2,402) | ​ | $ | 12,058
Agency mortgage-backed securities | ​ | ​ | 44,252 | ​ |  | — | ​ |  | (5,651) | ​ |  | 38,601
Municipal securities | ​ | ​ | 42,607 | ​ | ​ | 5 | ​ | ​ | (10,201) | ​ | ​ | 32,411
U.S. Government agency securities | ​ | ​ | 31,368 | ​ | ​ | — | ​ | ​ | (7,830) | ​ | ​ | 23,538
Corporate Securities | ​ | ​ | 1,500 | ​ | ​ | — | ​ | ​ | (159) | ​ | ​ | 1,341
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total securities available for sale | ​ | $ | 134,166 | ​ | $ | 26 | ​ | $ | (26,243) | ​ | $ | 107,949
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2025 | ​ | Less than 12 months | ​ | 12 months or more | ​ | Total
Securities available for sale: | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized
​ |  | Value |  | Loss |  | Value |  | Loss |  | Value |  | Loss
​ | ​ | (dollars in thousands)
Collateralized mortgage obligations |  | $ | 114 |  | $ | — |  | $ | 9,431 | ​ | $ | (2,210) |  | $ | 9,545 |  | $ | (2,210)
Agency mortgage-backed securities | ​ | ​ | 56 | ​ | ​ | — | ​ | ​ | 37,674 | ​ | ​ | (4,856) | ​ | ​ | 37,730 | ​ | ​ | (4,856)
Municipal securities | ​ | ​ | 1,549 | ​ | ​ | (31) | ​ | ​ | 29,173 | ​ | ​ | (10,278) | ​ | ​ | 30,722 | ​ | ​ | (10,309)
U.S. Government agency securities | ​ | ​ | ​ | ​ | ​ | — | ​ | ​ | 24,318 | ​ | ​ | (7,031) | ​ | ​ | 24,318 | ​ | ​ | (7,031)
Corporate Securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,341 | ​ | ​ | (159) | ​ | ​ | 1,341 | ​ | ​ | (159)
​ |  | $ | 1,719 |  | $ | (31) |  | $ | 101,937 | ​ | $ | (24,534) |  | $ | 103,656 |  | $ | (24,565)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ | Less than 12 months | ​ | 12 months or more | ​ | Total
Securities available for sale: | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized | ​ | Fair | ​ | Unrealized
​ |  | Value |  | Loss |  | Value |  | Loss |  | Value |  | Loss
​ | ​ | (dollars in thousands)
Collateralized mortgage obligations |  | $ | 118 | ​ | $ | — | ​ | $ | 9,456 | ​ | $ | (2,402) | ​ | $ | 9,574 | ​ | $ | (2,402)
Agency mortgage-backed securities | ​ | ​ | 66 | ​ | ​ | (1) | ​ | ​ | 38,535 | ​ | ​ | (5,650) | ​ | ​ | 38,601 | ​ | ​ | (5,651)
Municipal securities | ​ | ​ | 1,615 | ​ | ​ | (20) | ​ | ​ | 30,291 | ​ | ​ | (10,181) | ​ | ​ | 31,906 | ​ | ​ | (10,201)
U.S. Government agency securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 23,538 | ​ | ​ | (7,830) | ​ | ​ | 23,538 | ​ | ​ | (7,830)
Corporate Securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,341 | ​ | ​ | (159) | ​ | ​ | 1,341 | ​ | ​ | (159)
​ |  | $ | 1,799 |  | $ | (21) |  | $ | 103,161 | ​ | $ | (26,222) |  | $ | 104,960 |  | $ | (26,243)
Schedule of contractual maturities of debt securities | Shown below are contractual maturities of debt securities at March 31, 2025. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Mortgage Backed |  | ​ | Municipals |  | ​ | U.S. Government Agencies |  | ​ | Corporates |
​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | Weighted | ​
​ | ​ | Amortized | ​ | Average | ​ | ​ | Amortized | ​ | Average | ​ | ​ | Amortized | ​ | Average | ​ | ​ | Amortized | ​ | Average | ​
(dollars in thousands) | ​ | Cost | ​ | Yield | ​ | ​ | Cost | ​ | Yield | ​ | ​ | Cost | ​ | Yield | ​ | ​ | Cost | ​ | Yield | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Due within one year | ​ | $ | 315 | ​ | 5.15 | % | ​ | $ | — | ​ | — | % | ​ | $ | — | ​ | — | % | ​ | $ | — | ​ | — | %
Due over one to five years | ​ |  | 1,326 | ​ | 2.21 | ​ | ​ |  | 236 | ​ | 1.06 | ​ | ​ |  | 3,758 | ​ | 1.30 | ​ | ​ |  | — | ​ | — | ​
Due over five to ten years | ​ | ​ | 14,984 | ​ | 2.05 | ​ | ​ | ​ | 5,689 | ​ | 3.11 | ​ | ​ | ​ | 10,197 | ​ | 1.75 | ​ | ​ | ​ | 1,500 | ​ | 3.75 | ​
Due over ten years | ​ | ​ | 40,109 | ​ | 2.45 | ​ | ​ | ​ | 35,661 | ​ | 2.56 | ​ | ​ | ​ | 17,394 | ​ | 1.86 | ​ | ​ | ​ | — | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total securities available for sale | ​ | $ | 56,734 | ​ | 2.35 | % | ​ | $ | 41,586 | ​ | 2.63 | % | ​ | $ | 31,349 | ​ | 1.76 | % | ​ | $ | 1,500 | ​ | 3.75 | %
(1) Yields are stated as book yields which are adjusted for amortization and accretion of purchase premiums and discounts, respectively. (2) Yields on tax-exempt obligations are computed on a tax-equivalent basis.

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