Debt Securities (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Debt Securities

The amortized costs, fair values, and unrealized gains and losses of debt securities available for sale were as follows as of the dates indicated (dollars in thousands):

March 31, 2025	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
Debt securities available for sale
Subordinated corporate bonds	$	9,000	$	—	$	(406)	$	8,594
Total	$	9,000	$	—	$	(406)	$	8,594

December 31, 2024	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
Debt securities available for sale
Subordinated corporate bonds	$	9,000	$	—	$	(424)	$	8,576
Total	$	9,000	$	—	$	(424)	$	8,576

As of March 31, 2025 and December 31, 2024, there was no allowance for credit losses on debt securities available for sale.

Schedule of Debt Securities in an Unrealized Loss Position

The following tables show investments with gross unrealized losses and their market value aggregate by investment category and length of time that individual securities have been in a continuous unrealized loss position at the dates indicated (dollars in thousands):

March 31, 2025	Less Than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Debt securities available for sale
Subordinated corporate bond	$	—	$	—	$	8,594	$	(406)	$	8,594	$	(406)
Total	$	—	$	—	$	8,594	$	(406)	$	8,594	$	(406)

December 31, 2024	Less Than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Debt securities available for sale
Subordinated corporate bond	$	—	$	—	$	8,576	$	(424)	$	8,576	$	(424)
Total	$	—	$	—	$	8,576	$	(424)	$	8,576	$	(424)

Schedule of Debt Securities by Maturity Date

Debt securities, at par value, have the following contractual maturities as of March 31, 2025 (dollars in thousands):

March 31, 2025
	Within 1 Year		1 - 5 Years		5 - 10 Years		Greater than 10 years		Total
Debt securities available for sale
Subordinated corporate bond	$	—	$	—	$	9,000	$	—	$	9,000
Total	$	—	$	—	$	9,000	$	—	$	9,000