Investment Securities (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Unrealized Gain (Loss) on Investments

The amortized cost, unrealized gains and losses, allowance for credit losses, and estimated fair values of investment securities are summarized as follows as of the dates indicated:


		June 30, 2026
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Allowance for				Fair
		Cost				Gains				Losses				Credit Losses				Value
Available for sale securities:
Mortgage-backed U.S. government agencies		$	113,068			$	123			$	(2,497	)		$	-			$	110,694
Other mortgage-backed securities			4,470				-				(146	)			-				4,324
Total		$	117,538			$	123			$	(2,643	)		$	-			$	115,018


		December 31, 2025
(Dollars in thousands)		Amortized				Unrealized				Unrealized				Allowance for				Fair
		Cost				Gains				Losses				Credit Losses				Value
Available for sale securities:
Mortgage-backed U.S. government agencies		$	66,440			$	624			$	(646	)		$	-			$	66,418
Other mortgage-backed securities			4,621				-				(1	)			-				4,620
Total		$	71,061			$	624			$	(647	)		$	-			$	71,038

Schedule of Investments Classified by Contractual Maturity Date

The table below illustrates the maturity distribution of investment securities at amortized cost and fair value as of June 30, 2026:


(Dollars in thousands)		June 30, 2026
		Available for Sale
		Amortized Cost				Fair Value
Due in one year or less		$	-			$	-
Due after one but within five years			-				-
Due after five years but within ten years			-				-
Due after ten years			-				-
Mortgage-backed securities			117,538				115,018
Total		$	117,538			$	115,018

Schedule of Unrealized Loss on Investments

The following tables present gross unrealized losses and fair value of debt security investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of the dates indicated.


		June 30, 2026
		Less Than 12 Months										12 Months or More										Total
(Dollars in thousands)		Number of Securities		Fair Value				Gross Unrealized Losses				Number of Securities		Fair Value				Gross Unrealized Losses				Number of Securities		Fair Value				Gross Unrealized Losses
Available for sale securities:
Mortgage-backed U.S. government agencies		21		$	87,015			$	2,028			11		$	8,326			$	469			32		$	95,341			$	2,497
Other mortgage-backed securities		1			88				1			1			4,236				145			2			4,324				146
Available for sale securities with gross unrealized losses		22		$	87,103			$	2,029			12		$	12,562			$	614			34		$	99,665			$	2,643


		December 31, 2025
		Less Than 12 Months										12 Months or More										Total
		Number of Securities		Fair Value				Gross Unrealized Losses				Number of Securities		Fair Value				Gross Unrealized Losses				Number of Securities		Fair Value				Gross Unrealized Losses
Available for sale securities:
Mortgage-backed U.S. government agencies		7		$	20,493			$	130			9		$	13,157			$	437			16		$	33,650			$	567
Other mortgage-backed securities		0			-				-			2			4,515				80			2			4,515				80
Available for sale securities with gross unrealized losses		7		$	20,493			$	130			9		$	17,672			$	517			16		$	38,165			$	647