v3.26.1
Debt Securities Available for Sale (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Debt Securities Available for Sale

The following tables reflect the amortized cost and fair value of debt securities available for sale as of March 31, 2026:

 

   2026 
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
   Cost   Gains   (Losses)   Value 
                 
U.S. Treasuries & Govt. - sponsored agencies  $29,780   $0   $(956)  $28,824 
State and Municipal   58,372    287    (2,792)   55,867 
Mortgage Backed   51,387    226    (4,086)   47,527 
Collateralized Mortgage                    
Obligations (CMOs)   23,827    90    (1,386)   22,531 
                     
   $163,366   $603   $(9,220)  $154,749 

 

The following tables reflect the amortized cost and fair value of debt securities available for sale as of December 31, 2025:

 

   2025 
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
   Cost   Gains   (Losses)   Value 
                 
U.S. Treasuries & Govt. - sponsored agencies  $31,744   $0   $(943)  $30,801 
State and Municipal   60,070    257    (2,846)   57,481 
Mortgage Backed   49,175    299    (4,103)   45,371 
Collateralized Mortgage                    
Obligations (CMOs)   21,753    120    (1,319)   20,554 
                     
   $162,742   $676   $(9,211)  $154,207 
Schedule of Amortized Cost and Fair Value of Debt Securities

 

   Amortized Cost   Fair Value 
Due in one year or less  $13,339   $13,259 
Due after one year through five years   38,103    37,254 
Due after five years through ten years   19,250    18,198 
Due after ten years   17,460    15,980 
    88,152    84,691 
Mortgage Backed   51,387    47,527 
Collateralized Mortgage Obligations   23,827    22,531 
   $163,366   $154,749 
Schedule of Debt Securities with Unrealized Losses

Debt securities with unrealized losses as of March 31, 2026 not recognized in income are as follows:

 

   2026 
   Less than 12 Months   12 Months or More   Total 
  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss 
                               
U.S Treas. & Gov’t - sponsored agencies  $0   $0   $28,825   $956   $28,825   $956 
State and Municipal   3,654    17    25,934    2,775    29,588    2,792 
Mortgage Backed   2,817    53    29,740    4,033    32,557    4,086 
CMOs   3,759    21    11,669    1,365    15,428    1,386 
Total                              
temporarily impaired  $10,230   $91   $96,168   $9,129   $106,398   $9,220 

 

Debt securities with unrealized losses as of December 31, 2025 not recognized in income are as follows:

 

   2025 
   Less than 12 Months   12 Months or More   Total 
  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss  

Fair

Value

   Unrealized Loss 
U.S Treas. & Gov’t - sponsored agencies  $0   $0   $30,801   $943   $30,801   $943 
State and Municipal   3,335    8    29,054    2,838    32,389    2,846 
Mortgage Backed   1,886    44    30,879    4,059    32,765    4,103 
CMOs   1,970    3    12,110    1,316    14,080    1,319 
Total                              
temporarily impaired  $7,191   $55   $102,844   $9,156   $110,035   $9,211