Investment Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investment Securities |
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| Schedule of amortized cost and estimated fair values of investment securities available-for-sale |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | | Gross | | Gross | | Estimated | | | Amortized | | Unrealized | | Unrealized | | Fair | (in thousands) | | Cost | | Gains | | Losses | | Value | U.S. Government Agencies | | $ | 1,000 | | | — | | | (9) | | $ | 991 | Mortgage-Backed Securities | | | 84,221 | | | 296 | | | (5,713) | | | 78,804 | Collateralized Mortgage Obligations | | | 1,684 | | | — | | | (80) | | | 1,604 | Corporate Bonds | | | 12,625 | | | 187 | | | (5) | | | 12,807 | | | | | | | | | | | | | | Total | | $ | 99,530 | | $ | 483 | | $ | (5,807) | | $ | 94,206 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | Estimated | | | Amortized | | Unrealized | | Unrealized | | Fair | (in thousands) | | Cost | | Gains | | Losses | | Value | U.S. Government Agencies | | $ | 1,000 | | $ | — | | $ | (4) | | $ | 996 | Mortgage-Backed Securities | | | 88,432 | | | 629 | | | (5,484) | | | 83,577 | Collateralized Mortgage Obligations | | | 1,953 | | | — | | | (74) | | | 1,879 | Corporate Bonds | | | 12,625 | | | — | | | — | | | 12,625 | | | | | | | | | | | | | | Total | | $ | 104,010 | | $ | 629 | | $ | (5,562) | | $ | 99,077 |
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| Schedule of gross unrealized losses and estimated fair value of investment securities |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Securities | | Securities | | | | | | | | | With Losses Under | | With Losses Over | | | | | | | | | 12 Months | | 12 Months | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (in thousands) | | Value | | Loss | | Value | | Loss | | Value | | Loss | U.S. Government Agencies | | $ | — | | $ | — | | $ | 991 | | $ | (9) | | $ | 991 | | $ | (9) | Mortgage-Backed Securities | | | 16,945 | | | (186) | | | 35,814 | | | (5,527) | | | 52,759 | | | (5,713) | Collateralized Mortgage Obligations | | | — | | | — | | | 1,604 | | | (80) | | | 1,604 | | | (80) | Corporate Bonds | | | 621 | | | (5) | | | — | | | — | | | 621 | | | (5) | | | | | | | | | | | | | | | | | | | | Total | | $ | 17,566 | | $ | (191) | | $ | 38,409 | | $ | (5,616) | | $ | 55,975 | | $ | (5,807) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Securities | | Securities | | | | | | | | | With Losses Under | | With Losses Over | | | | | | | | | 12 Months | | 12 Months | | Total | | | | | | Gross | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (in thousands) | | Value | | Loss | | Value | | Loss | | Value | | Loss | U.S. Government Agencies | | $ | — | | $ | — | | $ | 996 | | $ | (4) | | $ | 996 | | $ | (4) | Mortgage-Backed Securities | | | 5,420 | | | (20) | | | 44,675 | | | (5,464) | | | 50,095 | | | (5,484) | Collateralized Mortgage Obligations | | | — | | | — | | | 1,879 | | | (74) | | | 1,879 | | | (74) | | | | | | | | | | | | | | | | | | | | Total | | $ | 5,420 | | $ | (20) | | $ | 47,550 | | $ | (5,542) | | $ | 52,970 | | $ | (5,562) |
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| Schedule of contractual maturities |
The amortized cost and estimated fair value of securities classified as available-for-sale at June 30, 2026, by contractual maturity, are shown in the table below. | | | | | | | | | Amortized | | Fair | (in thousands) | | Cost | | Value | Available-for-Sale | | | | | | | Due in 1 Year or Less | | $ | — | | $ | — | Due after 1 Year through 5 Years | | | 1,577 | | | 1,589 | Due after 5 Years through 10 Years | | | 20,072 | | | 19,578 | Due after 10 Years | | | 77,881 | | | 73,039 | | | | | | | | Total | | $ | 99,530 | | $ | 94,206 |
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