The following tables summarize the amortized cost and fair value of the Company’s available-for-sale securities portfolio at September 30, 2026 and December 31, 2025, and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive loss:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
September 30, 2026 (unaudited)
Corporate debt	$	9,987	$	—	$	2,037	$	7,950
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		1,000		—		4		996
Collateralized mortgage obligations		8,377		—		791		7,586
Total	$	19,364	$	—	$	2,832	$	16,532


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
December 31, 2025
Corporate debt	$	9,985	$	—	$	1,585	$	8,400
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		998		2		—		1,000
Collateralized mortgage obligations		8,248		—		152		8,096
Total	$	19,231	$	2	$	1,737	$	17,496

There was no impairment recognized in accumulated other comprehensive loss for securities available for sale at September 30, 2026 or September 30, 2025.

There were no sales of securities during the three and nine months ended September 30, 2026 and 2025.

The amortized cost and fair value of debt securities at September 30, 2026 and December 31, 2025 are shown in the table below by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.


	September 30, 2026					December 31, 2025
	(unaudited)
	Amortized Cost		Fair Value		Amortized Cost			Fair Value
Due in one year or less	$	1,000	$	996	$		998	$	1,000
Due from one to five years		9,987		7,950			—		—
Due from five to ten years		—		—			9,985		8,400
Collateralized mortgage obligations		8,377		7,586			8,248		8,096
Total	$	19,364	$	16,532	$		19,231	$	17,496

At September 30, 2026 and December 31, 2025, there were no holdings of securities of any one issuer in an amount greater than 10% of stockholders’ equity.

The following tables summarize securities with unrealized losses at September 30, 2026 and December 31, 2025, aggregated by major security type and length of time in a continuous unrealized loss position.


September 30, 2026 (unaudited)	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Corporate debt	$	—	$	—	$	7,950	$	2,037	$	7,950	$	2,037
Issued by U.S. government-sponsored entities and agencies:
U.S. Treasury		996		4		—		—		996		4
Collateralized mortgage obligations		7,586		791		—		—		7,586		791
Total temporarily impaired	$	8,582	$	795	$	7,950	$	2,037	$	16,532	$	2,832


December 31, 2025	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Corporate debt	$	—	$	—	$	8,400	$	1,585	$	8,400	$	1,585
Issued by U.S. government-sponsored entities and agencies:
Collateralized mortgage obligations		8,096		152		—		—		8,096		152
Total temporarily impaired	$	8,096	$	152	$	8,400	$	1,585	$	16,496	$	1,737

At September 30, 2026, 100% of the Company’s available for sale securities were reported at less than historical cost. At December 31, 2025, 94.3% of the Company's available for sale securities were reported at less than historical cost.

The unrealized losses at September 30, 2026 were related to one corporate debt security, one U.S. Treasury security and one collateralized mortgage obligation security. The unrealized losses at December 31, 2025 were related to one corporate debt security and one collateralized mortgage obligation security. Because the decline in fair values were attributable to changes in market conditions, and not credit quality, and because the Company did not have the intent to sell these securities and it was likely that it would not be required to sell these securities before their anticipated recovery, the Company did not record an allowance for credit losses with respect to these securities at September 30, 2026 or at December 31, 2025.