| Schedule of held-to-maturity securities |
The following presents the amortized cost, fair value, and ACL of debt securities held-to-maturity and the corresponding amounts of gross unrecognized gains and losses as of the date noted (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Amortized
Cost | | Gross
Unrecognized
Gains | | Gross
Unrecognized
Losses | | Fair
Value | | Allowance for
Credit Losses | | Debt securities held-to-maturity: | | | | | | | | | | | | U.S. Treasury debt | | $ | 247 | | | $ | — | | | $ | — | | | $ | 247 | | | $ | — | | | | | | | | | | | | | | Corporate bonds | | 23,580 | | | 52 | | | (2,173) | | | 21,459 | | | (71) | | | Government National Mortgage Association (GNMA) MBS – residential | | 28,619 | | | — | | | (2,765) | | | 25,854 | | | — | | | Federal National Mortgage Association (FNMA) MBS – residential | | 25,238 | | | 44 | | | (546) | | | 24,736 | | | — | | Government CMO and MBS – commercial | | 7,938 | | | 5 | | | (366) | | | 7,577 | | | — | | Corporate CMO and MBS | | 14,274 | | | 44 | | | (212) | | | 14,106 | | | — | | | Total debt securities held-to-maturity | | $ | 99,896 | | | $ | 145 | | | $ | (6,062) | | | $ | 93,979 | | | $ | (71) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Amortized
Cost | | Gross
Unrecognized
Gains | | Gross
Unrecognized
Losses | | Fair
Value | | Allowance for
Credit Losses | | Debt securities held-to-maturity: | | | | | | | | | | | | U.S. Treasury debt | | $ | 246 | | | $ | — | | | $ | (4) | | | $ | 242 | | | $ | — | | | | | | | | | | | | | | Corporate bonds | | 23,578 | | | — | | | (2,801) | | | 20,777 | | | (71) | | GNMA MBS – residential | | 31,361 | | | — | | | (3,383) | | | 27,978 | | | — | | FNMA MBS – residential | | 12,011 | | | — | | | (689) | | | 11,322 | | | — | | Government CMO and MBS – commercial | | 5,075 | | | 5 | | | (483) | | | 4,597 | | | — | | | Corporate CMO and MBS | | 3,524 | | | — | | | (279) | | | 3,245 | | | — | | | Total debt securities held-to-maturity | | $ | 75,795 | | | $ | 5 | | | $ | (7,639) | | | $ | 68,161 | | | $ | (71) | |
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| Summary of the amortized cost and estimated fair value of held to maturity securities |
| | | | | | | | | | | | | | | | | June 30, 2025 | (dollars in thousands) | | Amortized
Cost | | Fair
Value | | Due within one year | | $ | — | | | $ | — | | | Due between one year and five years | | 4,244 | | | 4,220 | | | Due between five years and ten years | | 19,417 | | | 17,332 | | | Due after ten years | | 166 | | | 154 | | CMO and MBS securities | | 76,069 | | | 72,273 | | | Total | | $ | 99,896 | | | $ | 93,979 | |
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