INVESTMENT SECURITIES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| INVESTMENT SECURITIES |
|
| Schedule of amortized cost and fair values of securities |
| | | | | | | | | | | | | | | June 30, 2026 | (Dollars in thousands) | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | Securities available-for-sale | | | | | | | | | | | | | Mortgage-backed securities | | $ | 47,748 | | $ | 52 | | $ | (3,146) | | $ | 44,654 | Municipal obligations | | | 1,694 | | | 10 | | | (140) | | | 1,564 | Total available-for-sale | | $ | 49,442 | | $ | 62 | | $ | (3,286) | | $ | 46,218 | Securities held-to-maturity | | | | | | | | | | | | | U.S. Government and agency obligations | | $ | 13,000 | | $ | - | | $ | (1,479) | | $ | 11,521 | Municipal obligations | | | 1,822 | | | 8 | | | (42) | | | 1,788 | Corporate bonds | | | 6,022 | | | - | | | (13) | | | 6,009 | Total held-to-maturity | | $ | 20,844 | | $ | 8 | | $ | (1,534) | | $ | 19,318 |
| | | | | | | | | | | | | | | December 31, 2025 | (Dollars in thousands) | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | Securities available-for-sale | | | | | | | | | | | | | Mortgage-backed securities | | $ | 51,820 | | $ | 129 | | $ | (3,061) | | $ | 48,888 | Municipal obligations | | | 1,697 | | | 18 | | | (136) | | | 1,579 | Total available-for-sale | | $ | 53,517 | | $ | 147 | | $ | (3,197) | | $ | 50,467 | Securities held-to-maturity | | | | | | | | | | | | | U.S. Government and agency obligations | | $ | 13,000 | | $ | - | | $ | (1,423) | | $ | 11,577 | Municipal obligations | | | 1,917 | | | 83 | | | (10) | | | 1,990 | Total held-to-maturity | | $ | 14,917 | | $ | 83 | | $ | (1,433) | | $ | 13,567 |
|
| Schedule of maturities of securities available-for-sale and held-to-maturity |
| | | | | | | | | | | | | | | June 30, 2026 | | | Available-for-Sale | | Held-to-Maturity | (Dollars in thousands) | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | Amounts maturing in: | | | | | | | | | | | | | One year or less | | $ | - | | $ | - | | $ | - | | $ | - | After one through five years | | | 636 | | | 646 | | | 9,431 | | | 8,579 | After five through ten years | | | 1,058 | | | 918 | | | 11,413 | | | 10,739 | After ten years | | | - | | | - | | | - | | | - | Subtotal | | | 1,694 | | | 1,564 | | | 20,844 | | | 19,318 | Mortgage-backed securities | | | 47,748 | | | 44,654 | | | - | | | - | Total | | $ | 49,442 | | $ | 46,218 | | $ | 20,844 | | $ | 19,318 |
|
| Schedule of securities with gross unrealized losses |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Less than 12 Months | | 12 Months or Greater | | Total | (Dollars in thousands) | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | Securities available-for-sale | | | | | | | | | | | | | | | | | | | Mortgage-backed securities | | $ | 16,215 | | $ | (115) | | $ | 16,132 | | $ | (3,031) | | $ | 32,347 | | $ | (3,146) | Municipal obligations | | | - | | | - | | | 918 | | | (140) | | | 918 | | | (140) | Total available-for-sale | | $ | 16,215 | | $ | (115) | | $ | 17,050 | | $ | (3,171) | | $ | 33,265 | | $ | (3,286) | Securities held-to-maturity | | | | | | | | | | | | | | | | | | | U.S. Government and agency obligations | | $ | - | | $ | - | | $ | 11,521 | | $ | (1,479) | | $ | 11,521 | | $ | (1,479) | Municipal obligations | | | 1,001 | | | (35) | | | 425 | | | (7) | | | 1,426 | | | (42) | Corporate bonds | | | 3,008 | | | (13) | | | - | | | - | | | 3,008 | | | (13) | Total held-to-maturity | | $ | 4,009 | | $ | (48) | | $ | 11,946 | | $ | (1,486) | | $ | 15,955 | | $ | (1,534) | Total | | $ | 20,224 | | $ | (163) | | $ | 28,996 | | $ | (4,657) | | $ | 49,220 | | $ | (4,820) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Greater | | Total | (Dollars in thousands) | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | Securities available-for-sale | | | | | | | | | | | | | | | | | | | Mortgage-backed securities | | $ | 18,992 | | $ | (49) | | $ | 19,793 | | $ | (3,012) | | $ | 38,785 | | $ | (3,061) | Municipal obligations | | | - | | | - | | | 928 | | | (136) | | | 928 | | | (136) | Total available-for-sale | | $ | 18,992 | | $ | (49) | | $ | 20,721 | | $ | (3,148) | | $ | 39,713 | | $ | (3,197) | Securities held-to-maturity | | | | | | | | | | | | | | | | | | | U.S. Government and agency obligations | | $ | - | | $ | - | | $ | 11,577 | | $ | (1,423) | | $ | 11,577 | | $ | (1,423) | Municipal obligations | | | - | | | - | | | 427 | | | (10) | | | 427 | | | (10) | Total held-to-maturity | | $ | - | | $ | - | | $ | 12,004 | | $ | (1,433) | | $ | 12,004 | | $ | (1,433) | Total | | $ | 18,992 | | $ | (49) | | $ | 32,725 | | $ | (4,581) | | $ | 51,717 | | $ | (4,630) |
|