Investment Securities (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Investment Securities |
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| Schedule of amortized cost and estimated fair values of investment securities available-for-sale |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | Estimated | | | Amortized | | Unrealized | | Unrealized | | Fair | (in thousands) | | Cost | | Gains | | Losses | | Value | U.S. Government Agencies | | $ | 1,000 | | $ | — | | $ | (4) | | $ | 996 | Mortgage-Backed Securities | | | 88,432 | | | 629 | | | (5,484) | | | 83,577 | Collateralized Mortgage Obligations | | | 1,953 | | | — | | | (74) | | | 1,879 | Corporate Bonds | | | 12,625 | | | — | | | — | | | 12,625 | | | | | | | | | | | | | | Total | | $ | 104,010 | | $ | 629 | | $ | (5,562) | | $ | 99,077 |
| | | | | | | | | | | | | | | December 31, 2024 | | | | | | Gross | | Gross | | Estimated | | | Amortized | | Unrealized | | Unrealized | | Fair | (in thousands) | | Cost | | Gains | | Losses | | Value | U.S. Government Agencies | | $ | 1,000 | | $ | — | | $ | (4) | | $ | 996 | Mortgage-Backed Securities | | | 94,003 | | | 90 | | | (8,674) | | | 85,419 | Collateralized Mortgage Obligations | | | 2,459 | | | — | | | (137) | | | 2,322 | Corporate Bonds | | | 4,250 | | | — | | | — | | | 4,250 | | | | | | | | | | | | | | Total | | $ | 101,712 | | $ | 90 | | $ | (8,815) | | $ | 92,987 |
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| Schedule of gross unrealized losses and estimated fair value of investment securities |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Securities | | Securities | | | | | | | | | With Losses Under | | With Losses Over | | | | | | | | | 12 Months | | 12 Months | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (in thousands) | | Value | | Loss | | Value | | Loss | | Value | | Loss | U.S. Government Agencies | | $ | — | | $ | — | | $ | 996 | | $ | (4) | | $ | 996 | | $ | (4) | Mortgage-Backed Securities | | | 5,420 | | | (20) | | | 44,675 | | | (5,464) | | | 50,095 | | | (5,484) | Collateralized Mortgage Obligations | | | — | | | — | | | 1,879 | | | (74) | | | 1,879 | | | (74) | | | | | | | | | | | | | | | | | | | | Total | | $ | 5,420 | | $ | (20) | | $ | 47,550 | | $ | (5,542) | | $ | 52,970 | | $ | (5,562) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Securities | | Securities | | | | | | | | | With Losses Under | | With Losses Over | | | | | | | | | 12 Months | | 12 Months | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (in thousands) | | Value | | Loss | | Value | | Loss | | Value | | Loss | U.S. Government Agencies | | $ | — | | $ | — | | $ | 996 | | $ | (4) | | $ | 996 | | $ | (4) | Mortgage-Backed Securities | | | 38,128 | | | (433) | | | 39,103 | | | (8,241) | | | 77,231 | | | (8,674) | Collateralized Mortgage Obligations | | | 962 | | | (10) | | | 1,360 | | | (127) | | | 2,322 | | | (137) | | | | | | | | | | | | | | | | | | | | Total | | $ | 39,090 | | $ | (443) | | $ | 41,459 | | $ | (8,372) | | $ | 80,549 | | $ | (8,815) |
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| Schedule of contractual maturities |
The amortized cost and estimated fair value of securities classified as available-for-sale at December 31, 2025, by contractual maturity, are shown in the table below | | | | | | | | | Amortized | | Fair | (in thousands) | | Cost | | Value | Available-for-Sale | | | | | | | Due in 1 Year or Less | | $ | — | | $ | — | Due after 1 Year through 5 Years | | | 1,592 | | | 1,599 | Due after 5 Years through 10 Years | | | 17,084 | | | 16,763 | Due after 10 Years | | | 85,334 | | | 80,715 | | | | | | | | Total | | $ | 104,010 | | $ | 99,077 |
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