Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Securities [Abstract] |
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| Summary Of Securities Held-To-Maturity And Securities Available-For-Sale |
The following tables summarize the Bank’s holdings for securities held-to-maturity and available-for-sale as of June 30, 2026 and December 31, 2025 (dollars in thousands): | | | | | | June 30, 2026 | | Amortized | Gross Unrealized | | | Costs | Gains | (Losses) | Fair Value | Held to Maturity | | | | | US Gov’t & Agency obligations | $ 3,581 | $ - | $ (314) | $ 3,267 | | | | | | Available for Sale | | | | | US Gov’t & Agency obligations | $ 85,318 | $ 116 | $ (4,688) | $ 80,746 | Mortgage-backed securities | 93,933 | 7 | (8,069) | 85,871 | Municipals | 63,519 | 122 | (8,513) | 55,128 | Corporates | 15,500 | 20 | (433) | 15,087 | | | | | | | $ 258,270 | $ 265 | $ (21,703) | $ 236,832 |
Note 6 – Securities (continued) | | | | | | December 31, 2025 | | Amortized | Gross Unrealized | | | Costs | Gains | (Losses) | Fair Value | Held to Maturity | | | | | US Gov’t & Agency obligations | $ 3,590 | $ - | $ (275) | $ 3,315 | | | | | | Available for Sale | | | | | US Gov’t & Agency obligations | $ 89,047 | $ 480 | $ (4,164) | $ 85,363 | Mortgage-backed securities | 67,892 | 61 | (6,913) | 61,040 | Municipals | 63,096 | 250 | (8,183) | 55,163 | Corporates | 13,000 | 34 | (472) | 12,562 | | | | | | | $ 233,035 | $ 825 | $ (19,732) | $ 214,128 |
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| Gross Unrealized Losses And Fair Value Of The Bank’s Investments |
The following tables present the fair value of securities available-for-sale as of June 30, 2026 and December 31, 2025, and the related unrealized losses. Management uses month-end valuations in determining whether securities are in an unrealized loss position (dollars in thousands). | | | | | | | | | Less than 12 months | | More than 12 months | Total | | Fair | Unrealized | | Fair | Unrealized | Fair | Unrealized | June 30, 2026 | Value | Losses | | Value | Losses | Value | Losses | Description of securities | | | | | | | | Available-for-sale | | | | | | | | U.S. agency obligations | $ 19,882 | $ (472) | | $ 51,645 | $ (4,216) | $ 71,527 | $ (4,688) | Mortgage-backed securities | 32,800 | (725) | | 49,203 | (7,344) | 82,003 | (8,069) | Municipals | 5,507 | (54) | | 41,624 | (8,459) | 47,131 | (8,513) | Corporates | 2,424 | (76) | | 11,643 | (357) | 14,067 | (433) | Total securities in an unrealized loss position | $ 60,613 | $ (1,327) | | $ 154,115 | $ (20,376) | $ 214,728 | $ (21,703) |
| | | | | | | | | Less than 12 months | | More than 12 months | Total | | Fair | Unrealized | | Fair | Unrealized | Fair | Unrealized | December 31, 2025 | Value | Losses | | Value | Losses | Value | Losses | Description of securities | | | | | | | | Available-for-sale | | | | | | | | U.S. agency obligations | $ 8,873 | $ (141) | | $ 51,972 | $ (4,023) | $ 60,845 | $ (4,164) | Mortgage-backed securities | 4,048 | (25) | | 52,979 | (6,888) | 57,027 | (6,913) | Municipals | 2,254 | (9) | | 41,961 | (8,174) | 44,215 | (8,183) | Corporates | - | - | | 11,527 | (472) | 11,527 | (472) | Total securities in an unrealized loss position | $ 15,175 | $ (175) | | $ 158,439 | $ (19,557) | $ 173,614 | $ (19,732) |
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| Contractual Maturities Of Investment Securities |
| | | | | Investment Portfolio in Maturities | June 30, 2026 | | | Amortized | | | | | Costs | | Fair Value | Held to Maturity: | | | | | Due in one year or less | | $ - | | $ - | Due after one year through five years | | 399 | | 381 | Due after five years through ten years | | 2,015 | | 1,873 | Due after ten years | | 1,167 | | 1,013 | Total securities held to maturity | | $ 3,581 | | $ 3,267 | | | | | | | | Amortized | | | | | Costs | | Fair Value | Available for Sale: | | | | | Due in one year or less | | $ 15,728 | | $ 15,389 | Due after one year through five years | | 55,978 | | 52,655 | Due after five years through ten years | | 63,660 | | 59,388 | Due after ten years | | 122,904 | | 109,400 | Total securities available for sale | | $ 258,270 | | $ 236,832 |
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