INVESTMENT SECURITIES (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| INVESTMENT SECURITIES |
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| Schedule of amortized cost and fair value of investment securities available for sale |
| | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Estimated | | | Cost | | Gains | | Losses | | Fair Value | June 30, 2026 | | | | | | | | | | | | | U.S. government and agency securities | | $ | 1,071,037 | | $ | — | | $ | (64,955) | | $ | 1,006,082 | Obligations of states and political subdivisions | | | 2,878,309 | | | 5,254 | | | (75,582) | | | 2,807,981 | Mortgage-backed securities | | | 4,845,209 | | | 6,538 | | | (297,885) | | | 4,553,862 | Total investment securities available for sale | | $ | 8,794,555 | | $ | 11,792 | | $ | (438,422) | | $ | 8,367,925 | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | U.S. government and agency securities | | $ | 1,089,563 | | $ | — | | $ | (56,630) | | $ | 1,032,933 | Obligations of states and political subdivisions | | | 2,889,318 | | | 7,002 | | | (77,788) | | | 2,818,532 | Mortgage-backed securities | | | 5,116,307 | | | 12,394 | | | (293,491) | | | 4,835,210 | Total investment securities available for sale | | $ | 9,095,188 | | $ | 19,396 | | $ | (427,909) | | $ | 8,686,675 |
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| Schedule of debt securities available for sale in a continuous unrealized loss position |
| | | | | | | | | | | | | | | | | | | | | Less Than 12 Months | | 12 Months or More | | Total | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | June 30, 2026 | | | | | | | | | | | | | | | | | | | U.S. government and agency securities | | $ | — | | $ | — | | $ | 1,006,082 | | $ | (64,955) | | $ | 1,006,082 | | $ | (64,955) | Obligations of states and political subdivisions | | | — | | | — | | | 1,861,875 | | | (75,582) | | | 1,861,875 | | | (75,582) | Mortgage-backed securities | | | 883,911 | | | (6,544) | | | 3,472,678 | | | (291,341) | | | 4,356,589 | | | (297,885) | Totals | | $ | 883,911 | | $ | (6,544) | | $ | 6,340,635 | | $ | (431,878) | | $ | 7,224,546 | | $ | (438,422) | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | U.S. government and agency securities | | $ | — | | $ | — | | $ | 1,032,933 | | $ | (56,630) | | $ | 1,032,933 | | $ | (56,630) | Obligations of states and political subdivisions | | | — | | | — | | | 1,868,907 | | | (77,788) | | | 1,868,907 | | | (77,788) | Mortgage-backed securities | | | — | | | — | | | 3,663,436 | | | (293,491) | | | 3,663,436 | | | (293,491) | Totals | | $ | — | | $ | — | | $ | 6,565,276 | | $ | (427,909) | | $ | 6,565,276 | | $ | (427,909) |
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| Schedule of number of securities and aggregated depreciation on investment securities available for sale in a continuous unrealized loss position |
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | Number of | | Aggregate | | | Number of | | Aggregate | | | | Securities | | Depreciation | | | Securities | | Depreciation | | U.S. government and agency securities | | 2 | | 6.06 | % | | 2 | | 5.20 | % | Obligations of states and political subdivisions | | 6 | | 3.90 | % | | 7 | | 4.00 | % | Mortgage-backed securities | | 16 | | 6.40 | % | | 13 | | 7.42 | % |
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| Schedule of amortized cost and fair value of investment securities held to maturity |
| | | | | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | | | | | | | Unrealized | | Unrealized | | Allowance for | | Estimated | | | Amortized Cost | | Gains | | Losses | | Credit Losses | | Fair Value | June 30, 2026 | | | | | | | | | | | | | | | | U.S. government and agency securities | | $ | 68,808 | | $ | — | | $ | (3,299) | | $ | — | | $ | 65,509 | Obligations of states and political subdivisions | | | 755,313 | | | — | | | (37,134) | | | — | | | 718,179 | Mortgage-backed securities | | | 592,067 | | | 8,017 | | | (6,401) | | | — | | | 593,683 | Total investment securities held to maturity | | $ | 1,416,188 | | $ | 8,017 | | $ | (46,834) | | $ | — | | $ | 1,377,371 | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | U.S. government and agency securities | | $ | 78,809 | | $ | — | | $ | (2,309) | | $ | — | | $ | 76,500 | Obligations of states and political subdivisions | | | 755,336 | | | — | | | (32,339) | | | — | | | 722,997 | Mortgage-backed securities | | | 681,662 | | | 9,771 | | | (2,112) | | | — | | | 689,321 | Total investment securities held to maturity | | $ | 1,515,807 | | $ | 9,771 | | $ | (36,760) | | $ | — | | $ | 1,488,818 |
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| Schedule of credit ratings for investment securities held to maturity |
| | | | | | | | | | | | | | | | | | | | | AAA | | AA | | A | | BBB | | Not Rated | | Total | June 30, 2026 | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | | $ | — | | $ | 550,000 | | $ | 205,313 | | $ | — | | $ | — | | $ | 755,313 | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | | $ | — | | $ | 550,000 | | $ | 205,336 | | $ | — | | $ | — | | $ | 755,336 |
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| Schedule of contractual maturity of debt securities |
| | | | | | | | | | | | | | | Available for Sale | | Held to Maturity | | | Amortized | | Estimated | | Net Carrying | | Estimated | | | Cost | | Fair Value | | Amount | | Fair Value | Due in one year or less | | $ | 931,227 | | $ | 929,448 | | $ | — | | $ | — | Due after one year through five years | | | 1,835,497 | | | 1,762,804 | | | — | | | — | Due after five years through ten years | | | 149,118 | | | 147,926 | | | 820,269 | | | 779,841 | Due after ten years | | | 1,033,504 | | | 973,885 | | | 3,852 | | | 3,847 | Subtotal | | | 3,949,346 | | | 3,814,063 | | | 824,121 | | | 783,688 | Mortgage-backed securities | | | 4,845,209 | | | 4,553,862 | | | 592,067 | | | 593,683 | Total | | $ | 8,794,555 | | $ | 8,367,925 | | $ | 1,416,188 | | $ | 1,377,371 |
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