v3.26.1
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized costs and fair value of investment securities
                    
 
   June 30, 2026 
   Amortized   Gross Unrealized   Fair 
(dollars in thousands)  Cost   Gains   Losses   Value 
Available for sale                    
Corporate bonds  $1,692    -    109    1,583 
US government agencies   12,635    34    1,036    11,633 
State and political subdivisions   19,820    -    2,109    17,711 
Asset-backed securities   12,258    6    114    12,150 
Mortgage-backed securities   108,580    9    7,278    101,311 
Total investment securities available for sale  $154,985    49    10,646    144,388 

 

   December 31, 2025 
   Amortized   Gross Unrealized   Fair 
   Cost   Gains   Losses   Value 
Available for sale                    
Corporate bonds  $1,703    -    103    1,600 
US government agencies   13,225    33    980    12,278 
State and political subdivisions   19,934    -    2,064    17,870 
Asset-backed securities   16,505    32    118    16,419 
Mortgage-backed securities   85,798    14    6,249    79,563 
Total investment securities available for sale  $137,165    79    9,514    127,730 
Schedule of maturities and yields on the company’s investment securities
                                                  
                     
               June 30, 2026 
   Less than one year   One to five years   Five to ten years   Over ten years   Total 
(dollars in thousands)  Amount   Yield   Amount   Yield   Amount   Yield   Amount   Yield   Amount   Yield 
Available for sale                                                  
Corporate bondsCorporate bonds [Member]  $-    -   $1,583    2.04%  $-    -   $-    -   $1,583    2.04%
US government agencies   -    -    4,833    1.37%   6,800    4.02%   -    -    11,633    2.92%
State and political subdivisionsState and political subdivisions [Member]   -    -    3,439    1.61%   4,579    2.27%   9,693    2.12%   17,711    2.06%
Asset-backed securitiesAsset-backed securities [Member]   -    -    -    -    -    -    12,150    4.69%   12,150    4.69%
Mortgage-backed securitiesMortgage-backed securities [Member]   21    2.21%   6,820    3.62%   14,871    3.42%   79,599    4.09%   101,311    3.96%
Total investment securitiesTotal investment securities [Member]  $21    2.21%  $16,675    2.40%  $26,250    3.37%  $101,442    3.41%  $144,388    3.68%
                 
               December 31, 2025 
   Less than one year   One to five years   Five to ten years   Over ten years   Total 
(dollars in thousands)  Amount   Yield   Amount   Yield   Amount   Yield   Amount   Yield   Amount   Yield 
Available for sale                                                  
Corporate bonds  $-    -   $1,600    2.04%  $-    -   $-    -   $1,600    2.04%
US government agencies   -    -    4,871    1.37%   7,407    4.39%   -    -    12,278    3.20%
State and political subdivisions   -    -    2,561    1.62%   5,565    2.21%   9,744    2.41%   17,870    2.23%
Asset-backed securities   -    -    -    -    3,486    5.19%   12,933    5.12%   16,419    5.14%
Mortgage-backed securities   19    2.37%   2,229    1.70%   9,272    2.74%   68,043    4.17%   79,563    3.93%
Total investment securities  $19    2.37%  $11,261    1.59%  $25,730    3.43%  $90,720    4.12%  $127,730    3.76%
Schedule of gross unrealized losses on investment securities and fair market value of related securities
                                             
             
           June 30, 2026 
   Less than 12 months   12 months or longer   Total 
(dollars in thousands)  #   Fair
value		   Unrealized
losses		   #   Fair
value		   Unrealized
losses		   #   Fair
value		   Unrealized
losses		 
Available for sale                                             
Corporate bonds   -   $-   $-    1   $1,583   $109    1   $1,583   $109 
US government agencies   -    -    -    7    8,312    1,036    7    8,312    1,036 
State and political subdivisions   -    -    -    29    17,711    2,109    29    17,711    2,109 
Asset-backed securities   1    2,224    7    3    7,330    107    4    9,554    114 
Mortgage-backed securities   20    60,948    1,118    54    36,650    6,160    74    97,598    7,278 
Total investment securities   21   $63,172   $1,125    94   $71,586   $9,521    115   $134,758   $10,646 
             
           December 31, 2025 
   Less than 12 months   12 months or longer   Total 
(dollars in thousands)  #   Fair
value		   Unrealized
losses		   #   Fair
value		   Unrealized
losses		   #   Fair
value		   Unrealized
losses		 
Available for sale                                             
Corporate bonds   -   $-   $-    1   $1,600   $103    1   $1,600   $103 
US government agencies   -    -    -    7    8,367    980    7    8,367    980 
State and political subdivisions   -    -    -    29    17,870    2,064    29    17,870    2,064 
Asset-backed securities   3    4,483    22    2    6,035    96    5    10,518    118 
Mortgage-backed securities   7    34,538    163    57    42,546    6,086    64    77,084    6,249 
Total investment securities   10   $39,021   $185    96   $76,418   $9,329    106   $115,439   $9,514 
Schedule of other investments
        
         
(dollars in thousands)  June 30, 2026   December 31, 2025 
Federal Home Loan Bank stock  $14,796    14,540 
Other nonmarketable investments   5,285    5,120 
Investment in Trust Preferred subsidiaries   403    403 
Total other investments  $20,484    20,063