Debt Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Debt Securities |
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| Schedule of amortized cost and fair value of securities |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | | Gross | | Gross | | Estimated | | | Amortized | | Unrealized | | Unrealized | | Fair | Available for Sale | | Cost | | Gains | | Losses | | Value | Debt Securities: | | | | | | | | | | | | | Residential mortgage-backed | | $ | 6,480 | | $ | — | | $ | (712) | | $ | 5,768 | Collateralized mortgage obligations | | | 36,400 | | | — | | | (1,464) | | | 34,936 | State and municipal | | | 9,719 | | | — | | | (1,028) | | | 8,691 | Corporate bonds | | | 10,528 | | | 60 | | | (846) | | | 9,742 | Total securities available for sale | | $ | 63,127 | | $ | 60 | | $ | (4,050) | | $ | 59,137 | | | | | | | | | | | | | | Held to Maturity | | | | | | | | | | | | | Debt Securities: | | | | | | | | | | | | | Residential mortgage-backed | | $ | 14,766 | | $ | — | | $ | (1,570) | | $ | 13,196 | State and municipal | | | 1,200 | | | — | | | (17) | | | 1,183 | U.S. Government and agency | | | 742 | | | 1 | | | — | | | 743 | Total securities held to maturity | | $ | 16,708 | | $ | 1 | | $ | (1,587) | | $ | 15,122 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | Estimated | | | Amortized | | Unrealized | | Unrealized | | Fair | Available for Sale | | Cost | | Gains | | Losses | | Value | Debt Securities: | | | | | | | | | | | | | Residential mortgage-backed | | $ | 6,475 | | $ | — | | $ | (679) | | $ | 5,796 | Collateralized mortgage obligations | | | 37,023 | | | 12 | | | (1,293) | | | 35,742 | State and municipal | | | 9,753 | | | — | | | (1,010) | | | 8,743 | Corporate bonds | | | 10,519 | | | 49 | | | (956) | | | 9,612 | Total securities available for sale | | $ | 63,770 | | $ | 61 | | $ | (3,938) | | $ | 59,893 | | | | | | | | | | | | | | Held to Maturity | | | | | | | | | | | | | Debt Securities: | | | | | | | | | | | | | Residential mortgage-backed | | $ | 16,112 | | $ | — | | $ | (1,534) | | $ | 14,578 | State and municipal | | | 1,200 | | | — | | | (6) | | | 1,194 | U.S. Government and agency | | | 971 | | | 1 | | | — | | | 972 | Total securities held to maturity | | $ | 18,283 | | $ | 1 | | $ | (1,540) | | $ | 16,744 |
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| Schedule of contractual maturities of debt securities |
| | | | | | | | | | | | | | | Available for Sale | | Held to Maturity | | | | | | Estimated | | | | | Estimated | | | Amortized | | Fair | | Amortized | | Fair | | | Cost | | Value | | Cost | | Value | Due in one year | | $ | — | | $ | — | | $ | — | | $ | — | Due from one to five years | | | 1,145 | | | 1,049 | | | 135 | | | 129 | Due in five to ten years | | | 12,891 | | | 12,140 | | | 742 | | | 743 | After ten years | | | 6,211 | | | 5,244 | | | 1,065 | | | 1,054 | Residential mortgage-backed | | | 6,480 | | | 5,768 | | | 14,766 | | | 13,196 | Collateralized mortgage obligations | | | 36,400 | | | 34,936 | | | — | | | — | Total | | $ | 63,127 | | $ | 59,137 | | $ | 16,708 | | $ | 15,122 |
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| Schedule of securities with gross unrealized losses and fair value |
| | | | | | | | | | | | | | | June 30, 2026 | | | Less than 12 months | | 12 months or longer | | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | Category (number of securities) | | Value | | Losses | | Value | | Losses | Residential mortgage-backed (1, 72) | | $ | 476 | | $ | (14) | | $ | 18,488 | | $ | (2,268) | Collateralized mortgage obligations (9, 14) | | | 12,722 | | | (92) | | | 22,213 | | | (1,372) | State and municipal (1, 9) | | | 1,054 | | | (11) | | | 8,820 | | | (1,034) | Corporate bonds (2, 14) | | | 1,398 | | | (2) | | | 6,656 | | | (844) | Total | | $ | 15,650 | | $ | (119) | | $ | 56,177 | | $ | (5,518) |
| | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 months | | 12 months or longer | | | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | Category (number of securities) | | Value | | Losses | | Value | | Losses | Residential mortgage-backed (0, 77) | | $ | — | | $ | — | | $ | 20,374 | | $ | (2,213) | Collateralized mortgage obligations (2, 15) | | | 2,538 | | | (18) | | | 24,891 | | | (1,275) | State and municipal (1, 9) | | | 1,065 | | | — | | | 8,872 | | | (1,016) | Corporate bonds (4, 13) | | | 2,871 | | | (29) | | | 5,572 | | | (927) | Total | | $ | 6,474 | | $ | (47) | | $ | 59,709 | | $ | (5,431) |
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| Summary of held to maturity bond ratings |
| | | | | | | | | | | | June 30, 2026 | | | Residential
mortgage-backed | | State and
municipal | | U.S Government
and agency | AAA | | $ | 14,766 | | $ | 1,065 | | $ | 742 | Baa1 | | | — | | | 135 | | | — | | | $ | 14,766 | | $ | 1,200 | | $ | 742 | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Residential
mortgage-backed | | State and
municipal | | U.S Government
and agency | AAA | | $ | 16,112 | | $ | 1,066 | | $ | 971 | Baa1 | | | — | | | 134 | | | — | | | $ | 16,112 | | $ | 1,200 | | $ | 971 |
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