Investments (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investments [Abstract] |
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| Schedule of Amortized Cost and Fair Value of AFS Securities |
The amortized cost and estimated fair value of our AFS securities and the corresponding amounts of gross unrealized gains and losses at the dates indicated were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair Value | | June 30, 2026 | | | | | | | | | | | | | | | | | Municipal bonds | $ | 6,292 | | | $ | 9 | | | $ | (768) | | | $ | 5,533 | | | Agency mortgage-backed securities | 2,294 | | | 6 | | | (258) | | | 2,042 | | | | | | | | | | | Total | $ | 8,586 | | | $ | 15 | | | $ | (1,026) | | | $ | 7,575 | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | Municipal bonds | $ | 6,313 | | | $ | 10 | | | $ | (841) | | | $ | 5,482 | | | Agency mortgage-backed securities | 2,457 | | | 10 | | | (250) | | | 2,217 | | | | | | | | | | | Total | $ | 8,770 | | | $ | 20 | | | $ | (1,091) | | | $ | 7,699 | |
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| Schedule of Amortized Cost and Fair Value of HTM Securities |
The amortized cost and estimated fair value of our HTM securities and the corresponding amounts of gross unrealized gains and losses at the dates indicated were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair Value | June 30, 2026 | | | | | | | | | | | | | | | | | Municipal bonds | $ | 703 | | | $ | — | | | $ | (133) | | | $ | 570 | | | Agency mortgage-backed securities | 1,173 | | | — | | | (171) | | | 1,002 | | | | | | | | | | | Total | $ | 1,876 | | | $ | — | | | $ | (304) | | | $ | 1,572 | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | Municipal bonds | $ | 703 | | | $ | — | | | $ | (147) | | | $ | 556 | | | Agency mortgage-backed securities | 1,189 | | | — | | | (167) | | | 1,022 | | | | | | | | | | | Total | $ | 1,892 | | | $ | — | | | $ | (314) | | | $ | 1,578 | |
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| Schedule of Amortized Cost and Fair Value of Available-for-sale and Held-to-maturity by Contractual Maturity |
The amortized cost and estimated fair value of AFS and HTM securities at June 30, 2026, by contractual maturity, are shown below (in thousands). Expected maturities of AFS securities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, consisting of agency mortgage-backed securities, are shown separately. | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Available-for-sale | | Held-to-maturity | | Amortized
Cost | | Estimated Fair Value | | Amortized
Cost | | Estimated Fair Value | | Due within one year | $ | 150 | | | $ | 150 | | | $ | — | | | $ | — | | | Due after one year through five years | 305 | | | 305 | | | — | | | — | | | Due after five years through ten years | 1,715 | | | 1,646 | | | — | | | — | | | Due after ten years | 4,122 | | | 3,432 | | | 703 | | | 570 | | | Agency mortgage-backed securities | 2,294 | | | 2,042 | | | 1,173 | | | 1,002 | | | Total | $ | 8,586 | | | $ | 7,575 | | | $ | 1,876 | | | $ | 1,572 | |
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| Schedule of Aggregate Fair Value and Gross Unrealized Loss by Length of Time |
The following table summarizes the aggregate fair value and gross unrealized loss by length of time of those investments for which an allowance for credit losses has not been recorded that have been in a continuous unrealized loss position at the dates indicated (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Less Than 12 Months | | 12 Months or Longer | | Total | | Fair
Value | | Unrealized
Loss | | Fair
Value | | Unrealized
Loss | | Fair
Value | | Unrealized
Loss | | Available-for-sale securities | | | | | | | | | | | | | | | | | | | | | | | | | Municipal bonds | $ | — | | | $ | — | | | $ | 3,868 | | | $ | (768) | | | $ | 3,868 | | | $ | (768) | | | Agency mortgage-backed securities | 41 | | | — | | | 1,735 | | | (258) | | | 1,776 | | | (258) | | | | | | | | | | | | | | | Total available-for-sale securities | $ | 41 | | | $ | — | | | $ | 5,603 | | | $ | (1,026) | | | $ | 5,644 | | | $ | (1,026) | | | Held-to-maturity securities | | | | | | | | | | | | | | | | | | | | | | | | | Municipal bonds | $ | — | | | $ | — | | | $ | 570 | | | $ | (133) | | | $ | 570 | | | $ | (133) | | | Agency mortgage-backed securities | — | | | — | | | 1,002 | | | (171) | | | 1,002 | | | (171) | | | | | | | | | | | | | | | Total held-to-maturity securities | $ | — | | | $ | — | | | $ | 1,572 | | | $ | (304) | | | $ | 1,572 | | | $ | (304) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less Than 12 Months | | 12 Months or Longer | | Total | | Fair
Value | | Unrealized
Loss | | Fair
Value | | Unrealized
Loss | | Fair
Value | | Unrealized
Loss | | Available-for-sale securities | | | | | | | | | | | | | | | | | | | | | | | | | Municipal bonds | $ | — | | | $ | — | | | $ | 3,816 | | | $ | (841) | | | $ | 3,816 | | | $ | (841) | | | Agency mortgage-backed securities | — | | | — | | | 1,871 | | | (250) | | | 1,871 | | | (250) | | | | | | | | | | | | | | | Total | $ | — | | | $ | — | | | $ | 5,687 | | | $ | (1,091) | | | $ | 5,687 | | | $ | (1,091) | | | Held-to-maturity securities | | | | | | | | | | | | | | | | | | | | | | | | | Municipal bonds | $ | — | | | $ | — | | | $ | 556 | | | $ | (147) | | | $ | 556 | | | $ | (147) | | | Agency mortgage-backed securities | — | | | — | | | 1,022 | | | (167) | | | 1,022 | | | (167) | | | | | | | | | | | | | | | Total held-to-maturity securities | $ | — | | | $ | — | | | $ | 1,578 | | | $ | (314) | | | $ | 1,578 | | | $ | (314) | |
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