Debt Securities (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Debt Securities |
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| Schedule of Available-for-sale Debt Securities |
| | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | | | | | Cost | | Gains | | Losses | | Fair Value | Available-for-sale Debt Securities: | | | | | | | | | | | | | June 30, 2025: | | | | | | | | | | | | | U.S. Government and federal agencies | | $ | 7,672 | | $ | 77 | | | (64) | | $ | 7,685 | Mortgage-backed: | | | | | | | | | | | | | Government sponsored enterprises (GSEs) - residential | | | 45,978 | | | 284 | | | (2,506) | | | 43,756 | State and political subdivisions | | | 20,725 | | | 18 | | | (1,061) | | | 19,682 | | | | | | | | | | | | | | | | $ | 74,375 | | $ | 379 | | $ | (3,631) | | $ | 71,123 |
| | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | | | | | Cost | | Gains | | Losses | | Fair Value | Available-for-sale Debt Securities: | | | | | | | | | | | | | December 31, 2024: | | | | | | | | | | | | | U.S. Government and federal agencies | | $ | 8,154 | | $ | — | | $ | (187) | | $ | 7,967 | Mortgage-backed: | | | | | | | | | | | | | Government sponsored enterprises (GSEs) - residential | | | 42,344 | | | 71 | | | (3,557) | | | 38,858 | State and political subdivisions | | | 20,791 | | | 50 | | | (1,008) | | | 19,833 | | | | | | | | | | | | | | | | $ | 71,289 | | $ | 121 | | $ | (4,752) | | $ | 66,658 |
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| Schedule of Held-to-maturity Debt Securities |
| | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | | | | | Cost | | Gains | | Losses | | Fair Value | Held-to-maturity Debt Securities: | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | U.S. Government and Federal agencies | | $ | 765 | | $ | — | | $ | (117) | | $ | 648 | Certificates of Deposit | | | 6,127 | | | 70 | | | — | | | 6,197 | | | | | | | | | | | | | | | | $ | 6,892 | | $ | 70 | | $ | (117) | | $ | 6,845 | | | | | | | | | | | | | | Held-to-maturity Debt Securities: | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | U.S. Government and Federal agencies | | $ | 815 | | $ | — | | $ | (140) | | $ | 675 | Certificates of Deposit | | | 7,353 | | | 113 | | | (1) | | | 7,465 | | | | | | | | | | | | | | | | $ | 8,168 | | $ | 113 | | $ | (141) | | $ | 8,140 |
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| Schedule of amortized cost and fair value of available-for-sale securities and held-to-maturity debt securities, contractual maturity |
| | | | | | | | | | | | | | | Available-for-sale | | Held-to-maturity | | | Amortized | | Fair | | Amortized | | Fair | | | Cost | | Value | | Cost | | Value | Within one year | | $ | 1,837 | | $ | 1,830 | | $ | 2,583 | | $ | 2,592 | One to five years | | | 8,496 | | | 8,356 | | | 3,544 | | | 3,605 | Five to ten years | | | 11,802 | | | 11,322 | | | — | | | — | After ten years | | | 6,262 | | | 5,859 | | | — | | | — | | | | 28,397 | | | 27,367 | | | 6,127 | | | 6,197 | Mortgage-backed securities | | | 45,978 | | | 43,756 | | | 765 | | | 648 | | | | | | | | | | | | | | Totals | | $ | 74,375 | | $ | 71,123 | | $ | 6,892 | | $ | 6,845 |
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| Schedule of fair value of investment in debt security available for sale and held to maturity measured at fair value in unrealized loss position |
| | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | Less than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale Debt Securities: | | | | | | | | | | | | | | | | | | | U.S. Government and federal agencies | | $ | — | | $ | — | | $ | 2,798 | | $ | (64) | | $ | 2,798 | | $ | (64) | State and political subdivisions | | | 5,144 | | | (183) | | | 12,293 | | | (878) | | | 17,437 | | | (1,061) | Mortgage backed securities-GSE residential | | | 4,879 | | | (72) | | | 23,535 | | | (2,434) | | | 28,414 | | | (2,506) | Total AFS securities | | $ | 10,023 | | $ | (255) | | $ | 38,626 | | $ | (3,376) | | $ | 48,649 | | $ | (3,631) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Less than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale Debt Securities: | | | | | | | | | | | | | | | | | | | U.S. Government and federal agencies | | $ | 4,690 | | $ | (71) | | $ | 3,277 | | $ | (116) | | $ | 7,967 | | $ | (187) | State and political subdivisions | | | 5,947 | | | (89) | | | 10,829 | | | (919) | | | 16,776 | | | (1,008) | Mortgage backed securities - GSE residential | | | 9,750 | | | (217) | | | 24,506 | | | (3,340) | | | 34,256 | | | (3,557) | Total AFS securities | | $ | 20,387 | | $ | (377) | | $ | 38,612 | | $ | (4,375) | | $ | 58,999 | | $ | (4,752) |
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| Schedule of total available-for-sale securities and aggregate depreciation by security |
| | | | | | | | Number of | | | | | | securities in a | | Aggregate | | | | loss position | | depreciation | | June 30, 2025 | | | | | | | | | | | | U.S. Government and Federal agencies | | 5 | | (2.24) | % | Mortgage-backed: | | | | | | Government sponsored enterprises (GSEs) - residential | | 170 | | (8.11) | % | State and political subdivisions | | 47 | | (5.73) | % | | | | | | | Total Portfolio | | 222 | | (6.95) | % | | | | | | | December 31, 2024 | | | | | | | | | | | | U.S. Government and Federal agencies | | 13 | | (2.30) | % | Mortgage-backed: | | | | | | Government sponsored enterprises (GSEs) - residential | | 184 | | (9.40) | % | State and political subdivisions | | 46 | | (5.67) | % | | | | | | | Total Portfolio | | 243 | | (7.45) | % |
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