Securities |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Investments debt and equity securities [Abstract] | |
| Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosure Text Block | NOTE 3: SECURITIES At March 31, 2026 and December 31, 2025, respectively, Investments – Debt and Equity Securities, were classified as available-for-sale. sale by contractual maturity at March 31, 2026 and December 31, 2025, 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 March 31, 2026 Agency obligations (a) $ 552 34,328 17,761 — 52,641 — 4,862 $ 57,503 Agency MBS (a) — 20,274 18,399 118,069 156,742 — 19,141 175,883 State and political subdivisions — 2,981 8,250 6,171 17,402 — 2,222 19,624 Total available-for-sale $ 552 57,583 44,410 124,240 226,785 — 26,225 $ 253,010 December 31, 2025 Agency obligations (a) $ — 35,580 18,204 — 53,784 — 4,727 $ 58,511 Agency MBS (a) — 20,112 16,171 125,644 161,927 — 19,063 180,990 State and political subdivisions — 1,590 9,160 6,798 17,548 1 2,103 19,650 Total available-for-sale $ — 57,282 43,535 132,442 233,259 1 25,893 $ 259,151 (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) loans included in Agency prepay such loan in whole or in part at any time. Securities with aggregate fair values of $ 203.7 209.4 respectively, were Bank of Atlanta (“FHLB – Atlanta”) advances, and for other purposes required Included in other assets on the accompanying consolidated balance sheets are carrying amounts of nonmarketable equity investments were $ 1.4 respectively. stock in a privately held financial institution. Gross Unrealized Losses and Fair Value The fair values and gross unrealized losses on securities at March 31, 2026 segregated by those securities that have been in an unrealized loss position longer, are 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 March 31, 2026: Agency obligations $ — — 52,641 4,862 $ 52,641 4,862 Agency MBS 2,672 60 154,070 19,081 156,742 19,141 State and political subdivisions 1,627 8 13,680 2,214 15,307 2,222 Total $ 4,299 68 220,391 26,157 $ 224,690 26,225 December 31, 2025: Agency obligations $ — — 53,784 4,727 $ 53,784 4,727 Agency MBS — — 161,840 19,063 161,840 19,063 State and political subdivisions — — 14,827 2,103 14,827 2,103 Total $ — — 230,451 25,893 $ 230,451 25,893 For the securities in the previous table, the Company assesses whether or not than not will be required to sell the security, recognized into income as the decline in fair value is largely For the securities in the previous table, as of March 31, 2026 the Company does not intend to sell and management will not be required to sell the securities prior to their anticipated recovery. Agency Obligations Investments in agency obligations are guaranteed of full and timely management's analysis and judgement, there were no credit losses attributable obligations at March 31, 2026. Agency MBS Investments in agency MBS are issued by Ginnie Mae, Fannie Mae, and guarantee of full and timely payments of principal and interest by the issuing judgement, there were no credit losses attributable to the Company’s State and Political Subdivisions Investments in state and political subdivisions are securities issued by various majority of the portfolio was rated AA or higher, Based on management's analysis and judgement, there were no credit state and political subdivisions at March 31, 2026. Realized Gains and Losses The Company had no realized gains or losses on sale of securities during respectively. |