Securities (Tables)
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9 Months Ended |
Sep. 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 September 30, 2026 and December 31, 2025 (dollars in thousands): | | | | | | September 30, 2026 | | Amortized | Gross Unrealized | | | Costs | Gains | (Losses) | Fair Value | Held-to-Maturity | | | | | US Gov't & Agency obligations | $ 3,577 | $ - | $ (463) | $ 3,114 | | | | | | Available-for-Sale | | | | | US Gov't & Agency obligations | $ 85,340 | $ - | $ (7,089) | $ 78,251 | Mortgage-backed securities | 91,545 | - | (11,523) | 80,022 | Municipals | 67,131 | - | (11,887) | 55,244 | Corporates | 12,500 | 39 | (566) | 11,973 | | | | | | | $ 256,516 | $ 39 | $ (31,065) | $ 225,490 |
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 September 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 | September 30, 2026 | Value | Losses | | Value | Losses | Value | Losses | Description of securities | | | | | | | | Available-for-sale | | | | | | | | U.S. agency obligations | $ 27,561 | $ (1,984) | | $ 50,690 | $ (5,105) | $ 78,251 | $ (7,089) | Mortgage-backed securities | 34,596 | (2,197) | | 45,426 | (9,326) | 80,022 | (11,523) | Municipals | 15,971 | (1,102) | | 39,273 | (10,785) | 55,244 | (11,887) | Corporates | 2,326 | (174) | | 7,608 | (392) | 9,934 | (566) | Total securities in an unrealized loss position | $ 80,454 | $ (5,457) | | $ 142,997 | $ (25,608) | $ 223,451 | $ (31,065) |
| | | | | | | | | 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 | September 30, 2026 | | | Amortized | | | | | Costs | | Fair Value | Held to Maturity: | | | | | Due in one year or less | | $ - | | $ - | Due after one year through five years | | 399 | | 372 | Due after five years through ten years | | 2,015 | | 1,803 | Due after ten years | | 1,163 | | 939 | Total securities held to maturity | | $ 3,577 | | $ 3,114 | | | | | | | | Amortized | | | | | Costs | | Fair Value | Available for Sale: | | | | | Due in one year or less | | $ 15,726 | | $ 15,441 | Due after one year through five years | | 58,241 | | 53,510 | Due after five years through ten years | | 60,801 | | 54,155 | Due after ten years | | 121,748 | | 102,384 | Total securities available for sale | | $ 256,516 | | $ 225,490 |
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