
	June 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

MBS, residential	$	142,116	$	1,072	$	(1,453)	$	141,735
Municipal bonds	1,832		—		(19)		1,813
Corporate bonds	2,500		—		(168)		2,332

Total	$	146,448	$	1,072	$	(1,640)	$	145,880


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

MBS, residential	$	134,950	$	2,003	$	(871)	$	136,082
Municipal bonds	1,843		—		(17)		1,826
Corporate bonds	5,000		—		(368)		4,632

Total	$	141,793	$	2,003	$	(1,256)	$	142,540

Debt securities available for sale by contractual maturity at June 30, 2026 and December 31, 2025 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.



	June 30, 2026
	Amortized Cost		Estimated Fair Value
Due within one year	$	905	$	904
Due after one year through five years	927		909
Due after five years through ten years	2,500		2,332
Due after ten years	—		—
MBS, residential	142,116		141,735
Total	$	146,448	$	145,880



	December 31, 2025
	Amortized Cost		Estimated Fair Value
Due within one year	$	409	$	408
Due after one year through five years	1,434		1,418
Due after five years through ten years	5,000		4,632
Due after ten years	—		—
MBS, residential	134,950		136,082
Total	$	141,793	$	142,540

Debt securities available for sale with amortized costs totaling $25,658 and $73,944 and market values of $25,474 and $74,987 at June 30, 2026 and December 31, 2025, respectively, were pledged as collateral to secure various public deposits and other borrowings.

The gross unrealized losses and the fair value of debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2026 and December 31, 2025 were as follows:


	June 30, 2026
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

MBS, residential	$	68,135	$	(615)	$	20,355	$	(838)	$	88,490	$	(1,453)
Municipal bonds	499		(1)		1,314		(18)		1,813		(19)
Corporate bonds	—		—		1,582		(168)		1,582		(168)
Total	$	68,634	$	(616)	$	23,251	$	(1,024)	$	91,885	$	(1,640)


	December 31, 2025
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

MBS, residential	$	9,478	$	(75)	$	26,409	$	(796)	$	35,887	$	(871)
Municipal bonds	—		—		1,326		(17)		1,326		(17)
Corporate bonds	—		—		3,882		(368)		3,882		(368)
Total	$	9,478	$	(75)	$	31,617	$	(1,181)	$	41,095	$	(1,256)

Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. All debt securities available for sale in an unrealized loss position as of June 30, 2026 continue to perform as scheduled and management does not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of management's evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, management considers its investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. Management does not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that securities will be required to be sold. See "Note 1 – Summary of Significant Accounting Policies" in our 2025 Form 10-K for further discussion.

Management continues to monitor all of its securities with a high degree of scrutiny. There can be no assurance that management will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods.

Management excludes the accrued interest receivable balance from the amortized cost basis in measuring ECLs on investment securities and does not record an ACL on accrued interest receivable. As of June 30, 2026 and December 31, 2025, the accrued interest receivable for debt securities available for sale was $589 and $554, respectively.