XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.3
INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of available-for-sale and held-to-maturity securities reconciliation
The following presents the amortized cost, fair value, and ACL of debt securities and the corresponding amounts of gross unrealized or unrecognized gains and losses as of the date noted (dollars in thousands):
September 30, 2025Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value		Allowance for
Credit Losses
Debt securities available-for-sale:
Government National Mortgage Association (GNMA) MBS – residential$9,903 $— $(34)$9,869 $— 
Federal National Mortgage Association (FNMA) MBS – residential14,872 — (47)14,825 — 
Government CMO and MBS – commercial24,632 — (149)24,483 — 
Total debt securities available-for-sale$49,407 $— $(230)$49,177 $— 
September 30, 2025Amortized
Cost
Gross
Unrecognized
Gains
Gross
Unrecognized
Losses
Fair
Value		Allowance for
Credit Losses
Debt securities held-to-maturity:
U.S. Treasury debt$247 $1 $— $248 $— 
Corporate bonds24,579 103 (1,669)23,013 (71)
GNMA MBS – residential27,164 6 (2,468)24,702 — 
FNMA MBS – residential24,639 155 (407)24,387 — 
Government CMO and MBS – commercial
7,678 18 (300)7,396 — 
Corporate CMO and MBS
13,969 26 (152)13,843 — 
Total debt securities held-to-maturity$98,276 $309 $(4,996)$93,589 $(71)
December 31, 2024Amortized
Cost
Gross
Unrecognized
Gains
Gross
Unrecognized
Losses
Fair
Value		Allowance for
Credit Losses
Debt securities held-to-maturity:
U.S. Treasury debt$246 $— $(4)$242 $— 
Corporate bonds23,578 — (2,801)20,777 (71)
GNMA MBS – residential
31,361 — (3,383)27,978 — 
FNMA MBS – residential
12,011 — (689)11,322 — 
Government CMO and MBS – commercial
5,075 5 (483)4,597 — 
Corporate CMO and MBS3,524 — (279)3,245 — 
Total debt securities held-to-maturity$75,795 $5 $(7,639)$68,161 $(71)
Summary of the amortized cost and estimated fair value of held to maturity securities
September 30, 2025
Available-for-Sale
Held-to-Maturity
(dollars in thousands)
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due within one year$— $— $— $— 
Due between one year and five years— — 4,244 4,293 
Due between five years and ten years— — 19,420 17,810 
Due after ten years— — 1,162 1,158 
CMO and MBS securities
49,407 49,177 73,450 70,328 
Total$49,407 $49,177 $98,276 $93,589 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following presents AFS debt securities that were in an unrealized loss position, based on the length of time the individual debt securities have been in an unrealized loss position.
September 30, 2025
Less than 12 Months
12 Months or More
Total
(dollars in thousands)Number
of
Securities
Fair Value
Unrealized Losses
Fair Value
Unrealized Losses
Fair Value
Unrealized Losses
Debt securities available-for-sale:
GNMA MBS – residential2$9,869 $(34)$— $— $9,869 $(34)
FNMA MBS – residential314,825 (47)— — 14,825 (47)
Government CMO and MBS – commercial524,483 (149)— — 24,483 (149)
Total debt securities available-for-sale
10$49,177 $(230)$— $— $49,177 $(230)
Allowance for credit losses for HTM securities
The following presents the activity in the ACL for debt securities HTM by major security type for the periods noted:
Three Months Ended September 30,
20252024
(dollars in thousands)Corporate BondsCorporate CMOCorporate BondsCorporate CMO
Allowance for credit losses:
Beginning balance$71 $— $71 $— 
Provision for credit losses— — — — 
Securities charged-off (recoveries)— — — — 
Total ending allowance balance$71 $— $71 $— 
Nine Months Ended September 30,
20252024
(dollars in thousands)Corporate BondsCorporate CMOCorporate BondsCorporate CMO
Allowance for credit losses:
Beginning balance$71 $— $71 $— 
Provision for credit losses— — — — 
Securities charged-off (recoveries)— — — — 
Total ending allowance balance$71 $— $71 $—