INVESTMENT SECURITIES AVAILABLE FOR SALE (Tables) - Old Glory Holding Co [Member]
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2026 |
Dec. 31, 2025 |
| SCHEDULE OF ESTIMATED FAIR VALUE OF INVESTMENT SECURITIES |
The
amortized cost, gross unrealized gains and losses, and estimated fair values of investment securities as of the dates indicated were
as follows:
SCHEDULE
OF ESTIMATED FAIR VALUE OF INVESTMENT SECURITIES
| | |
March
31, 2026 | |
| | |
Amortized
Cost | | |
Gross
Unrealized
Gains | | |
Gross
Unrealized
Losses | | |
Fair
Value | |
| | |
| | |
| | |
| | |
| |
| US
Treasury notes | |
$ | 200 | | |
$ | 1 | | |
$ | - | | |
$ | 201 | |
| Agency
mortgage-backed securities | |
| 105,836 | | |
| 144 | | |
| 117 | | |
| 105,863 | |
| Municipal | |
| 157 | | |
| - | | |
| 1 | | |
| 156 | |
| Agency
guaranteed student loan bonds | |
| 97,164 | | |
| 23 | | |
| 491 | | |
| 96,696 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 203,357 | | |
$ | 168 | | |
$ | 609 | | |
$ | 202,916 | |
| | |
December
31, 2025 | |
| | |
Amortized
Cost | | |
Gross
Unrealized
Gains | | |
Gross
Unrealized
Losses | | |
Fair
Value | |
| | |
| | |
| | |
| | |
| |
| US
Treasury notes | |
$ | 4,198 | | |
$ | 5 | | |
$ | - | | |
$ | 4,203 | |
| Agency
mortgage-backed securities | |
| 99,656 | | |
| 6 | | |
| 237 | | |
| 99,425 | |
| Municipal | |
| 158 | | |
| - | | |
| 2 | | |
| 156 | |
| Agency
note | |
| 2,000 | | |
| 3 | | |
| - | | |
| 2,003 | |
| Agency
guaranteed student loan bonds | |
| 57,245 | | |
| 2 | | |
| 328 | | |
| 56,919 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 163,257 | | |
$ | 16 | | |
$ | 567 | | |
$ | 162,706 | |
|
The
amortized cost, gross unrealized gains and losses, and estimated fair values of investment securities at December 31 were as follows:
SCHEDULE
OF ESTIMATED FAIR VALUE OF INVESTMENT SECURITIES
| | |
December
31, 2025 | |
| | |
Amortized
Cost | | |
Gross
Unrealized
Gains | | |
Gross
Unrealized
Losses | | |
Fair
Value | |
| | |
| | |
| | |
| | |
| |
| US Treasury notes | |
$ | 4,198 | | |
$ | 5 | | |
$ | - | | |
$ | 4,203 | |
| Agency mortgage-backed securities | |
| 99,656 | | |
| 6 | | |
| 237 | | |
| 99,425 | |
| Municipal | |
| 158 | | |
| - | | |
| 2 | | |
| 156 | |
| Agency note | |
| 2,000 | | |
| 3 | | |
| - | | |
| 2,003 | |
| Agency guaranteed student
loan bonds | |
| 57,245 | | |
| 2 | | |
| 328 | | |
| 56,919 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 163,257 | | |
$ | 16 | | |
$ | 567 | | |
$ | 162,706 | |
| | |
December
31, 2024 | |
| | |
Amortized
Cost | | |
Gross
Unrealized
Gains | | |
Gross
Unrealized
Losses | | |
Fair
Value | |
| | |
| | |
| | |
| | |
| |
| US Treasury notes | |
$ | 198 | | |
$ | - | | |
$ | - | | |
$ | 198 | |
| Municipal | |
| 236 | | |
| - | | |
| 11 | | |
| 225 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 434 | | |
$ | - | | |
$ | 11 | | |
$ | 423 | |
|
| SCHEDULE OF INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE |
SCHEDULE
OF INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE
| | |
Amortized
Cost | | |
Estimated
Fair Value | |
| | |
| | |
| |
| Due
in 1 year or less | |
$ | 157 | | |
$ | 156 | |
| Due
after one year through five years | |
| 200 | | |
| 201 | |
| Due
after five years through ten years | |
| - | | |
| - | |
| Due
after ten years | |
| - | | |
| - | |
| | |
| 357 | | |
| 357 | |
| | |
| | | |
| | |
| Agency
mortgage-backed securities | |
| 105,836 | | |
| 105,863 | |
| Agency
guaranteed student loan bonds | |
| 97,164 | | |
| 96,696 | |
| | |
| | | |
| | |
| Total | |
$ | 203,357 | | |
$ | 202,916 | |
|
SCHEDULE
OF INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE
| | |
Amortized
Cost | | |
Estimated
Fair Value | |
| | |
| | |
| |
| Due in 1 year or less | |
$ | 4,156 | | |
$ | 4,157 | |
| Due after one year through five years | |
| 2,200 | | |
| 2,205 | |
| Due after five years through ten years | |
| - | | |
| - | |
| Due after ten years | |
| - | | |
| - | |
| | |
| 6,356 | | |
| 6,362 | |
| | |
| | | |
| | |
| Agency mortgage-backed securities | |
| 99,656 | | |
| 99,425 | |
| Agency guaranteed student
loan bonds | |
| 57,245 | | |
| 56,919 | |
| | |
| | | |
| | |
| Total | |
$ | 163,257 | | |
$ | 162,706 | |
|
| SCHEDULE OF FAIR VALUE OF FIXED MATURITY SECURITIES |
The
fair value and unrealized losses of securities available for sale with temporary impairment as of the dates indicated is shown below:
SCHEDULE
OF FAIR VALUE OF FIXED MATURITY SECURITIES
| | |
March
31, 2026 | |
| | |
Less
Than 12 Months | | |
12
Months or Longer | | |
Total | |
| | |
Fair
Value | | |
Unrealized
Losses | | |
Fair
Value | | |
Unrealized
Losses | | |
Fair
Value | | |
Unrealized
Losses | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| US
Treasury notes | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Agency
mortgage-backed securities | |
| 22,007 | | |
| 117 | | |
| - | | |
| - | | |
| 22,007 | | |
| 117 | |
| Municipal | |
| - | | |
| - | | |
| 157 | | |
| 1 | | |
| 157 | | |
| 1 | |
| Agency
guaranteed student loan bonds | |
| 82,279 | | |
| 491 | | |
| - | | |
| - | | |
| 82,279 | | |
| 491 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 104,286 | | |
$ | 608 | | |
$ | 157 | | |
$ | 1 | | |
$ | 104,443 | | |
$ | 609 | |
OLD
GLORY HOLDING COMPANY AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
(dollars
in thousands, except share data)
March
31, 2026
| | |
December
31, 2025 | |
| | |
Less
Than 12 Months | | |
12
Months or Longer | | |
Total | |
| | |
Fair
Value | | |
Unrealized
Losses | | |
Fair
Value | | |
Unrealized
Losses | | |
Fair
Value | | |
Unrealized
Losses | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| US
Treasury notes | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Agency
mortgage-backed securities | |
| 87,693 | | |
| 237 | | |
| - | | |
| - | | |
| 87,693 | | |
| 237 | |
| Municipal | |
| - | | |
| - | | |
| 156 | | |
| 2 | | |
| 156 | | |
| 2 | |
| Agency
notes | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Agency
guaranteed student loan bonds | |
| 51,585 | | |
| 328 | | |
| - | | |
| - | | |
| 51,585 | | |
| 328 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 139,278 | | |
$ | 565 | | |
$ | 156 | | |
$ | 2 | | |
$ | 139,434 | | |
$ | 567 | |
|
The
fair value and unrealized losses of securities available for sale with temporary impairment as of December 31, 2025 and 2024 is shown
below:
SCHEDULE
OF FAIR VALUE OF FIXED MATURITY SECURITIES
| | |
Less Than 12 Months | | |
12 Months or Longer | | |
Total | |
| | |
Fair
Value | | |
Unrealized
Losses | | |
Fair
Value | | |
Unrealized
Losses | | |
Fair
Value | | |
Unrealized
Losses | |
| 2025 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| US Treasury notes | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| Agency mortgage-backed securities | |
| 87,693 | | |
| 237 | | |
| - | | |
| - | | |
| 87,693 | | |
| 237 | |
| Municipal | |
| - | | |
| - | | |
| 156 | | |
| 2 | | |
| 156 | | |
| 2 | |
| Agency notes | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Agency guaranteed student loan bonds | |
| 51,585 | | |
| 328 | | |
| - | | |
| - | | |
| 51,585 | | |
| 328 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | 139,278 | | |
$ | 565 | | |
$ | 156 | | |
$ | 2 | | |
$ | 139,434 | | |
$ | 567 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| 2024 | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Municipal | |
$ | - | | |
$ | - | | |
$ | 225 | | |
$ | 11 | | |
$ | 225 | | |
$ | 11 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total | |
$ | - | | |
$ | - | | |
$ | 225 | | |
$ | 11 | | |
$ | 225 | | |
$ | 11 | |
|
| SCHEDULE OF NUMBER OF SECURITIES WITH UNREALIZED LOSSES |
The
number of securities with unrealized losses as of March 31, 2026 and December 31, 2025 were as follows:
SCHEDULE
OF NUMBER OF SECURITIES WITH UNREALIZED LOSSES
| | |
March
31, | | |
December
31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| US
Treasury notes | |
| - | | |
| - | |
| Agency
mortgage-backed securities | |
| 6 | | |
| 19 | |
| Municipal | |
| 1 | | |
| 1 | |
| Agency
guaranteed student loan bonds | |
| 27 | | |
| 19 | |
| | |
| | | |
| | |
| Total | |
| 34 | | |
| 39 | |
|
The
number of securities with unrealized losses as of December 31, 2025 and 2024 were as follows:
SCHEDULE
OF NUMBER OF SECURITIES WITH UNREALIZED LOSSES
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| US Treasury notes | |
| - | | |
| - | |
| Agency mortgage-backed
securities | |
| 19 | | |
| - | |
| Municipal | |
| 1 | | |
| 2 | |
| Agency notes | |
| - | | |
| - | |
| Agency guaranteed student
loan bonds | |
| 19 | | |
| - | |
| | |
| | | |
| | |
| Total | |
| 39 | | |
| 2 | |
|
| SCHEDULE OF SALE OF SECURITIES AVAILABLE FOR SALE |
|
Sales
of securities available for sale for the years ended December 31, 2025 and 2024 were as follows:
SCHEDULE
OF SALE OF SECURITIES AVAILABLE FOR SALE
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Proceeds from sales | |
$ | 8,532 | | |
$ | - | |
| Gross gains realized | |
| 132 | | |
| - | |
| Gross losses realized | |
| - | | |
| - | |
|