
	June 30, 2025
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
	(In thousands)
Available for sale securities:
U.S. Government and agency obligations
Less than one year	$	25,087	$	23	$	(299)	$	24,811
Due from one through five years	47,244		69		(1,052)		46,261
Due from five through ten years	14,295		—		(544)		13,751
Due after ten years	6,462		—		(576)		5,886
Total U.S. Government and agency obligations	93,088		92		(2,471)		90,709

Corporate bonds

Due from five through ten years	12,500		—		(610)		11,890
Due after ten years	1,500		—		(169)		1,331
Total corporate bonds	14,000		—		(779)		13,221

Total available for sale securities	$	107,088	$	92	$	(3,250)	$	103,930

Held to maturity securities:
State agency and municipal obligations
Less than one year	$	6,842	$	32	$	—	$	6,874
Due from five through ten years	2,786		65		—		2,851
Due after ten years	26,806		1,604		(371)		28,039

Government-sponsored mortgage backed securities
No contractual maturity	—		—		—		—
Total held to maturity securities	$	36,434	$	1,701	$	(371)	$	37,764


	December 31, 2024
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
	(In thousands)
Available for sale securities:
U.S. Government and agency obligations
Less than one year	$	24,920	$	66	$	(92)	$	24,894
Due from one through five years	47,541		—		(2,117)		45,424
Due from five through ten years	16,038		—		(906)		15,132
Due after ten years	6,944		—		(812)		6,132
Total U.S. Government and agency obligations	95,443		66		(3,927)		91,582
Corporate bonds


Due from five through ten years	15,500		—		(929)		14,571
Due after ten years	1,500		—		(225)		1,275
Total corporate bonds	17,000		—		(1,154)		15,846

Total available for sale securities	$	112,443	$	66	$	(5,081)	$	107,428

Held to maturity securities:
State agency and municipal obligations
Less than one year	$	6,820	$	37	$	—	$	6,857
Due from one through five years	2,808		—		(77)		2,731
Due after ten years	26,897		1,190		(1,013)		27,074
Total state and municipal obligations	36,525		1,227		(1,090)		36,662

Government-sponsored mortgage backed securities
No contractual maturity	28		1		—		29
Total held to maturity securities	$	36,553	$	1,228	$	(1,090)	$	36,691

As of June 30, 2025, the Company held marketable equity securities with a fair value of $2.2 million and an amortized cost of $2.3 million. At December 31, 2024, the Company held marketable equity securities with a fair value of $2.1 million and an amortized cost of $2.3 million. These securities represent an investment in mutual funds that have an objective to make investments for Community Reinvestment Act ("CRA") purposes.

The following tables provide information regarding available for sale securities and held to maturity securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2025 and December 31, 2024:


	Length of Time in Continuous Unrealized Loss Position
	Less Than 12 Months						12 Months or More						Total
	Fair Value		Unrealized Loss		Percent Decline from Amortized Cost		Fair Value		Unrealized Loss		Percent Decline from Amortized Cost		Fair Value		Unrealized Loss		Percent Decline from Amortized Cost
	(Dollars in thousands)

June 30, 2025
U.S. Government and agency obligations	$	—	$	—	—	%	$	60,637	$	(2,471)	3.92	%	$	60,637	$	(2,471)	3.92	%
Corporate bonds	—		—		—		13,221		(779)		5.57		13,221		(779)		5.57
State agency and municipal obligations	—		—		—		7,528		(371)		4.70		7,528		(371)		4.70
Total investment securities	$	—	$	—	—	%	$	81,386	$	(3,621)	4.26	%	$	81,386	$	(3,621)	4.26	%


	Length of Time in Continuous Unrealized Loss Position
	Less Than 12 Months						12 Months or More						Total
	Fair Value		Unrealized Loss		Percent Decline from Amortized Cost		Fair Value		Unrealized Loss		Percent Decline from Amortized Cost		Fair Value		Unrealized Loss		Percent Decline from Amortized Cost
	(Dollars in thousands)

December 31, 2024
U.S. Government and agency obligations	$	—	$	—	—	%	$	81,579	$	(3,927)	4.59	%	$	81,579	$	(3,927)	4.59	%
Corporate bonds	—		—		—		15,846		(1,154)		6.79		15,846		(1,154)		6.79
State agency and municipal obligations	7,361		(254)		(3.33)		3,802		(836)		18.03		11,163		(1,090)		8.89
Total investment securities	$	7,361	$	(254)	(3.33)	%	$	101,227	$	(5,917)	5.52	%	$	108,588	$	(6,171)	5.38	%

There were thirty-three and thirty-seven available for sale securities or held to maturity securities as of June 30, 2025 and December 31, 2024, respectively, in which the fair value of the security was less than the amortized cost of the security.

The U.S. Government and agency obligations owned are either direct obligations of the U.S. Government or guaranteed by the U.S. Government. Therefore, the contractual cash flows are guaranteed and as a result the unrealized losses in this portfolio are considered to be only temporarily impaired.

The corporate bonds are investments in subordinated debt of federally insured banks, the majority of which are callable after five years of origination. The Company monitors its corporate bond, state agency and municipal bond portfolios and considers them to have minimal default risk.