Investment Securities (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Investments [Abstract]

Summary of Fixed Maturity Securities Available for Sale

The following tables present details of fixed maturity securities available for sale as of June 30, 2025 and December 31, 2024:

June 30, 2025 (Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of U.S. federal agencies	$	47,046	$	55	$	(4,171	)	$	42,930
State and municipalities		19,766		28		(1,361	)		18,433
Agency bonds		177		—		(11	)		166
Total	$	66,989	$	83	$	(5,543	)	$	61,529
December 31, 2024 (Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of U.S. federal agencies	$	41,475	$	28	$	(4,802	)	$	36,701
State and municipalities		17,373		81		(1,516	)		15,938
Agency bonds		2,179		2		(15	)		2,166
Total	$	61,027	$	111	$	(6,333	)	$	54,805

Summary of Amortized Cost and Estimated Market Value of Investment Securities by Contractual Maturity

The amortized cost and estimated fair market value of investment securities at June 30, 2025 by contractual maturity are presented below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

June 30, 2025 (Dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	320	$	332
Due after one year through five years		9,620		9,366
Due after five years through ten years		8,153		7,420
Due after ten years		48,896		44,411
Total	$	66,989	$	61,529

Summary of Securities with Gross Unrealized Losses

The following tables present information pertaining to securities with gross unrealized losses at June 30, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	Less than Twelve Months					Twelve Months and Over
June 30, 2025 (Dollars in thousands)	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of U.S. federal agencies	$	(146	)	$	8,686	$	(4,025	)	$	26,763
State and municipalities		(60	)		2,860		(1,301	)		12,514
Agency bonds		—			—		(11	)		166
Total	$	(206	)	$	11,546	$	(5,337	)	$	39,443
	Less than Twelve Months					Twelve Months and Over
December 31, 2024 (Dollars in thousands)	Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value
Mortgage-backed securities, principally obligations of U.S. federal agencies	$	(106	)	$	5,423	$	(4,696	)	$	29,619
State and municipalities		(269	)		4,884		(1,247	)		9,939
Agency bonds		—			—		(15	)		166
Total	$	(375	)	$	10,307	$	(5,958	)	$	39,724