v3.26.1
Note 7 - Investment Securities Available for Sale
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note 7 Investment Securities Available for Sale

 

The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale at December 31, 2025 and 2024 are summarized below (in thousands): 

 

 

  

December 31, 2025

 
  

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized (Losses)

  

Fair Value

 

Available for Sale:

                

Mortgage-backed securities:

                

Government National Mortgage Association securities

 $846  $2  $-  $848 

Federal National Mortgage Association securities

  33   1   -   34 

Total available-for-sale-securities

 $879  $3  $-  $882 

 

  

December 31, 2024

 
  

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized (Losses)

  

Fair Value

 

Available for Sale:

                

Mortgage-backed securities:

                

Government National Mortgage Association securities

 $1,631  $1  $(2) $1,630 

Federal National Mortgage Association securities

  35   1   -   36 

Total available-for-sale-securities

 $1,666  $2  $(2) $1,666 

 

The amortized cost and fair value of mortgage-backed and debt securities at December 31, 2025, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (in thousands):

 

 

  

Available for Sale

 
  

Amortized Cost

  

Fair Value

 

Due after ten years

 $879  $882 

 

The following table shows the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2024 (in thousands):

 

 

 
   

December 31, 2024

 
      

Less than Twelve Months

  

Twelve Months or Greater

  

Total

 

 

  Number of Securities   

Fair Value

  

Gross
Unrealized
Losses

  

Fair Value

  

Gross
Unrealized
Losses

  

Fair Value

  

Gross
Unrealized
Losses

 

Government National Mortgage Association securities

  8  $376  $-  $718  $(2) $1,094  $(2)

 

There were no securities in a loss position at December 31, 2025.

 

There was no allowance for credit losses at December 31, 2025 or 2024.