Securities |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Investments debt and equity securities [Abstract] | |
| Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosure Text Block | NOTE 3: SECURITIES At June 30, 2026 and December 31, 2025, respectively, Investments – Debt and Equity Securities, were classified as available-for-sale. by contractual maturity at June 30, 2026 and December 31, 2025, respectively, 1 year 1 to 5 5 to 10 After 10 Fair Gross Unrealized Amortized (Dollars in thousands) or less years years years Value Gains Losses Cost June 30, 2026 Agency obligations (a) $ 553 39,763 12,120 — 52,436 — 4,978 $ 57,414 Agency MBS (a) — 20,572 22,036 108,488 151,096 — 19,643 170,739 State and political subdivisions — 3,952 6,947 6,313 17,212 1 2,077 19,288 Total available-for-sale $ 553 64,287 41,103 114,801 220,744 1 26,698 $ 247,441 December 31, 2025 Agency obligations (a) $ — 35,580 18,204 — 53,784 — 4,727 $ 58,511 Agency MBS (a) — 20,112 16,171 125,644 161,927 — 19,063 180,990 State and political subdivisions — 1,590 9,160 6,798 17,548 1 2,103 19,650 Total available-for-sale $ — 57,282 43,535 132,442 233,259 1 25,893 $ 259,151 (a) Includes securities issued by U.S. government agencies or government securities may differ from contractual maturities because (i) issuers may obligations with or without prepayment penalties and (ii) loans included in Agency prepay such loan in whole or in part at any time. Securities with aggregate fair values of $ 199.4 209.4 respectively, were Bank of Atlanta (“FHLB – Atlanta”) advances, and for other purposes required Included in other assets on the accompanying consolidated balance sheets are carrying amounts of nonmarketable equity investments were $ 1.4 respectively. stock in a privately held financial institution. Gross Unrealized Losses and Fair Value The fair values and gross unrealized losses on securities at June 30, by those securities that have been in an unrealized loss position for less than 12 presented below. Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses June 30, 2026: Agency obligations $ — — 52,436 4,978 $ 52,436 4,978 Agency MBS 2,562 82 148,534 19,561 151,096 19,643 State and political subdivisions 1,004 5 13,798 2,072 14,802 2,077 Total $ 3,566 87 214,768 26,611 $ 218,334 26,698 December 31, 2025: Agency obligations $ — — 53,784 4,727 $ 53,784 4,727 Agency MBS — — 161,840 19,063 161,840 19,063 State and political subdivisions — — 14,827 2,103 14,827 2,103 Total $ — — 230,451 25,893 $ 230,451 25,893 For the securities in the previous table, the Company assesses whether or not than not will be required to sell the security, recognized into income as the decline in fair value is largely For the securities in the previous table, as of June 30, 2026 the Company does not intend management will not be required to sell the securities prior to their anticipated recovery. Agency Obligations Investments in agency obligations are guaranteed of full and timely management's analysis and judgment, there were no credit losses attributable to obligations at June 30, 2026. Agency MBS Investments in agency MBS are issued by Ginnie Mae, Fannie Mae, and guarantee of full and timely payments of principal and interest by the issuing judgment, there were no credit losses attributable to the Company’s State and Political Subdivisions Investments in state and political subdivisions are securities issued by various majority of the portfolio was rated AA or higher, on management's analysis and judgment, there were no credit losses attributable to the political subdivisions at June 30, 2026. Realized Gains and Losses The Company had no sales of securities during the quarters and six months |