| Schedule of amortized cost and fair value of securities available-for-sale and held-to-maturity, with gross unrealized gains and losses |
The amortized cost and fair value of securities available-for-sale and held-to-maturity, with gross unrealized gains and losses, are as follows (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | | Amortized | | Gross Unrealized | | Estimated | | | Cost | | Gains | | Losses | | Fair Value | Available-for-sale securities: | | | | | | | | | | | | | Agencies | | $ | 45,483 | | $ | — | | $ | (7,220) | | $ | 38,263 | Mortgage-backed | | | 70,442 | | | 31 | | | (8,567) | | | 61,906 | Municipal bonds | | | 710 | | | — | | | (23) | | | 687 | Total available-for-sale securities | | $ | 116,635 | | $ | 31 | | $ | (15,810) | | $ | 100,856 | Held-to-maturity securities: | | | | | | | | | | | | | Agencies | | $ | 1,981 | | $ | — | | $ | (407) | | $ | 1,574 | Mortgage-backed | | | 23,686 | | | 17 | | | (2,046) | | | 21,657 | Municipal bonds | | | 248 | | | — | | | (30) | | | 218 | Total Held-to-maturity securities | | $ | 25,915 | | $ | 17 | | $ | (2,483) | | $ | 23,449 |
| | | | | | | | | | | | | | | December 31, 2025 | | | Amortized | | Gross Unrealized | | Estimated | | | Cost | | Gains | | Losses | | Fair Value | Available-for-sale securities: | | | | | | | | | | | | | Agencies | | $ | 45,481 | | $ | - | | $ | (6,982) | | $ | 38,499 | Mortgage-backed | | | 75,692 | | | 58 | | | (8,285) | | | 67,465 | Municipal bonds | | | 706 | | | - | | | (16) | | | 690 | Total available-for-sale securities | | $ | 121,879 | | $ | 58 | | $ | (15,283) | | $ | 106,654 | Held-to-maturity securities: | | | | | | | | | | | | | Agencies | | $ | 1,980 | | $ | — | | $ | (400) | | $ | 1,580 | Mortgage-backed | | | 26,140 | | | 27 | | | (1,926) | | | 24,241 | Municipal bonds | | | 248 | | | — | | | (29) | | | 219 | Total Held-to-maturity securities | | $ | 28,368 | | $ | 27 | | $ | (2,355) | | $ | 26,040 |
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| Schedule of amortized cost and fair value of investment securities by contractual maturity |
The amortized cost and fair value of investment securities by contractual maturity are as follows (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | | Available-for-Sale | | Held-to-Maturity | | | Amortized | | | | | Amortized | | | | | | Cost | | Fair Value | | Cost | | Fair Value | Due in 1 year or less | | $ | — | | $ | — | | $ | — | | $ | — | Due in 1 to 5 years | | | 16,486 | | | 14,807 | | | — | | | — | Due after 5 years to 10 years | | | 29,707 | | | 24,143 | | | 2,229 | | | 1,792 | Due after 10 years | | | — | | | — | | | — | | | — | Total | | | 46,193 | | | 38,950 | | | 2,229 | | | 1,792 | Mortgage-backed | | | 70,442 | | | 61,906 | | | 23,686 | | | 21,657 | Total | | $ | 116,635 | | $ | 100,856 | | $ | 25,915 | | $ | 23,449 |
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| Schedule of debt securities with gross unrealized losses |
Information pertaining to available-for-sale debt securities with gross unrealized losses at June 30, 2026 and December 31, 2025 aggregated by investment category and length of time that individual securities have been in a continuous loss position follows (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | | Less Than Twelve Months | | Over Twelve Months | | | Gross | | | | Gross | | | | | Unrealized | | | | Unrealized | | | | | Losses | | Fair Value | | Losses | | Fair Value | Available-for-sale: | | | | | | | | | | | | | Agencies | | $ | — | | $ | — | | $ | 7,220 | | $ | 38,263 | Mortgage-backed | | | 11 | | | 1,268 | | | 8,556 | | | 58,748 | Municipal bonds | | | 8 | | | 452 | | | 15 | | | 235 | Total | | $ | 19 | | $ | 1,720 | | $ | 15,791 | | $ | 97,246 |
| | | | | | | | | | | | | | | December 31, 2025 | | | Less Than Twelve Months | | Over Twelve Months | | | Gross | | | | Gross | | | | | Unrealized | | | | Unrealized | | | | | Losses | | Fair Value | | Losses | | Fair Value | Available-for-sale: | | | | | | | | | | | | | Agencies | | $ | — | | $ | — | | $ | 6,982 | | $ | 38,499 | Mortgage-backed | | | 1 | | | 82 | | | 8,284 | | | 63,916 | Municipal bonds | | | 1 | | | 222 | | | 15 | | | 468 | Total | | $ | 2 | | $ | 304 | | $ | 15,281 | | $ | 102,883 |
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