v3.26.1
Available-for-Sale Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Available-for-Sale Securities [Abstract]  
Schedule of Amortized Cost and Fair Values with Gross Unrealized Gains and Losses

The amortized cost and appropriate fair values, together with gross unrealized gains and losses, of securities at June 30, 2026, and at December 31, 2025, were as follows:

 

       Gross   Gross     
   Amortized   Unrealized   Unrealized     
($ in thousands)  Cost   Gains   Losses   Fair Value 
June 30, 2026                
U.S. Treasury and                
Government agencies  $5,290   $1   $(420)  $4,871 
Mortgage-backed securities   176,131    3    (25,257)   150,877 
State and political subdivisions   10,818    6    (1,084)   9,740 
Other corporate securities   14,450    
-
    (912)   13,538 
                     
Totals  $206,689   $10   $(27,673)  $179,026 

 

       Gross   Gross     
   Amortized   Unrealized   Unrealized     
   Cost   Gains   Losses   Fair Value 
December 31, 2025                
U.S. Treasury and                
Government agencies  $5,687   $3   $(487)  $5,203 
Mortgage-backed securities   184,588    5    (24,641)   159,952 
State and political subdivisions   10,842    8    (1,001)   9,849 
Other corporate securities   14,700    
-
    (1,078)   13,622 
                     
Totals  $215,817   $16   $(27,207)  $188,626 
Schedule of Amortized Cost and Fair Value of Securities Available-For-Sale Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
   Amortized   Fair 
($ in thousands)  Cost   Value 
         
Within one year  $443   $441 
Due after one year through five years   5,276    5,071 
Due after five years through ten years   17,983    16,722 
Due after ten years   6,856    5,915 
    30,558    28,149 
Mortgage-backed securities   176,131    150,877 
           
Totals  $206,689   $179,026 
Schedule of Securities with Unrealized Losses

Securities with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2026, and at December 31, 2025, are as follows:

 

($ in thousands)      Less than 12 Months   12 Months or Longer   Total 
June 30, 2026  Number of
Securities		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		 
                             
U.S. Treasury and                            
Government agencies   5   $
-
   $
-
   $4,770   $(420)  $4,770   $(420)
Mortgage-backed securities   90    7    
-
    150,674    (25,257)   150,681    (25,257)
State and political subdivisions   19    1,880    (30)   6,960    (1,054)   8,840    (1,084)
Other corporate securities   13    
-
    
-
    13,538    (912)   13,538    (912)
                                    
Totals   127   $1,887   $(30)  $175,942   $(27,643)  $177,829   $(27,673)

 

       Less than 12 Months   12 Months or Longer   Total 
December 31, 2025  Number of
Securities		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		   Fair
Value		   Unrealized
Losses		 
                             
U.S. Treasury and                            
Government agencies   5   $
    -
   $
     -
   $5,100   $(487)  $5,100   $(487)
Mortgage-backed securities   89    
-
    
-
    159,690    (24,641)   159,690    (24,641)
State and political subdivisions   18    
-
    
-
    8,634    (1,001)   8,634    (1,001)
Other corporate securities   13    
-
    
-
    13,622    (1,078)   13,622    (1,078)
                                    
Totals   125   $
-
   $
-
   $187,046   $(27,207)  $187,046   $(27,207)