Securities |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Investments debt and equity securities [Abstract] | |
| Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosure Text Block | NOTE 2: SECURITIES At June 30, 2025 and December 31, 2024, respectively, Investments – Debt and Equity Securities, were classified as available-for-sale. by contractual maturity at June 30, 2025 and December 31, 2024, respectively, 1 year 1 to 5 5 to 10 After 10 Fair Gross Unrealized Amortized (Dollars in thousands) or less years years years Value Gains Losses Cost June 30, 2025 Agency obligations (a) $ — 27,145 26,401 — 53,546 — 5,628 $ 59,174 Agency MBS (a) — 20,128 18,364 130,627 169,119 — 22,737 191,856 State and political subdivisions — 1,642 8,479 6,895 17,016 — 2,756 19,772 Total available-for-sale $ — 48,915 53,244 137,522 239,681 — 31,121 $ 270,802 December 31, 2024 Agency obligations (a) $ — 26,655 25,756 — 52,411 — 7,734 $ 60,145 Agency MBS (a) 10 19,863 14,904 138,899 173,676 — 28,901 202,577 State and political subdivisions — 966 8,244 7,715 16,925 — 2,901 19,826 Total available-for-sale $ 10 47,484 48,904 146,614 243,012 — 39,536 $ 282,548 (a) Includes securities issued by U.S. government agencies or government securities may differ from contractual maturities because (i) issuers may obligations with or without prepayment penalties and (ii) borrowers of have the right to prepay such loan in whole or in part at any time. Securities with aggregate fair values of $ 216.3 222.3 respectively, were for other purposes required or permitted by law. Included in other assets on the accompanying consolidated balance sheets include carrying amounts of non-marketable equity investments were $ 1.4 respectively. (“FRB”) stock, and stock in a privately held financial institution. Gross Unrealized Losses and Fair Value The fair values and gross unrealized losses on securities at June 30, by those securities that have been in an unrealized loss position for less than 12 presented below. Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses June 30, 2025: Agency obligations $ — — 53,546 5,628 $ 53,546 5,628 Agency MBS 103 1 169,016 22,736 169,119 22,737 State and political subdivisions 579 6 14,857 2,750 15,436 2,756 Total $ 682 7 237,419 31,114 $ 238,101 31,121 December 31, 2024: Agency obligations $ — — 52,411 7,734 $ 52,411 7,734 Agency MBS 7 — 173,669 28,901 173,676 28,901 State and political subdivisions 1,798 17 14,776 2,884 16,574 2,901 Total $ 1,805 17 240,856 39,519 $ 242,661 39,536 For the securities in the previous table, the Company assesses whether or not than not will be required to sell the security, to fair value through net income. unrealized loss at June 30, 2025, and it is not more-likely-than-not before recovery of their amortized cost bases, which may be maturity, necessary. credit deterioration, which would require the recognition of an allowance for credit extent to which the amortized cost of the security exceeds its fair value, changes in credit adverse conditions related to the specific security. driven by changes in interest rates and are not due to the credit quality of the securities, credit losses is considered necessary related to securities at June 30, 2025. as a part of the Company’s ongoing issuers on a quarterly basis to determine if it is probable that the issuers can make payments. Realized Gains and Losses The Company had no realized gains or losses on sale of securities during the quarters and 2024, respectively. |