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Investments
 9 Months Ended
Sep. 30, 2025
Investments [Abstract]  
Investments Investments
At September 30, 2025, the Company did not own any debt securities classified as trading or any equity investment securities, except for the FHLB securities described in “Note 8 — Borrowings, FHLB Stock and Subordinated Notes.”
The amortized cost and estimated fair value of our AFS securities and the corresponding amounts of gross unrealized gains and losses at the dates indicated were as follows (in thousands):
 Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
September 30, 2025    
Municipal bonds$6,323 $10 $(950)$5,383 
Agency mortgage-backed securities2,534 9 (289)2,254 
Total$8,857 $19 $(1,239)$7,637 
December 31, 2024
Municipal bonds$6,354 $11 $(991)$5,374 
Agency mortgage-backed securities2,758 7 (349)2,416 
Total$9,112 $18 $(1,340)$7,790 
The amortized cost and estimated fair value of our HTM securities and the corresponding amounts of gross unrealized gains and losses at the dates indicated were as follows (in thousands):
 Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
September 30, 2025
Municipal bonds$703 $— $(170)$533 
Agency mortgage-backed securities1,196 — (177)1,019 
Total$1,899 $— $(347)$1,552 
December 31, 2024
Municipal bonds$704 $— $(163)$541 
Agency mortgage-backed securities1,426 — (255)1,171 
Total$2,130 $— $(418)$1,712 
The amortized cost and estimated fair value of AFS and HTM securities at September 30, 2025, by contractual maturity, are shown below (in thousands). Expected maturities of AFS securities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Investments not due at a single maturity date, consisting of agency mortgage-backed securities, are shown separately.
September 30, 2025
Available-for-saleHeld-to-maturity
Amortized
Cost		Estimated Fair ValueAmortized
Cost		Estimated Fair Value
Due after one year through five years$454 $455 $— $— 
Due after five years through ten years1,717 1,640 — — 
Due after ten years4,152 3,288 703 533 
Agency mortgage-backed securities2,534 2,254 1,196 1,019 
Total$8,857 $7,637 $1,899 $1,552 
There were no pledged securities at September 30, 2025 or December 31, 2024.
There were no sales of AFS or HTM securities during the three and nine months ended September 30, 2025 and 2024.
Accrued interest receivable on securities totaled $76 thousand at September 30, 2025 and $48 thousand at December 31, 2024, in the accompanying Condensed Consolidated Balance Sheets. Accrued interest receivable is excluded from the allowance for credit losses.
The following table summarizes the aggregate fair value and gross unrealized loss by length of time of those investments for which an allowance for credit losses has not been recorded that have been in a continuous unrealized loss position at the dates indicated (in thousands):
 September 30, 2025
 Less Than 12 Months12 Months or LongerTotal
 Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss
Available-for-sale securities
Municipal bonds$— $— $3,717 $(950)$3,717 $(950)
Agency mortgage-backed securities— — 1,939 (289)1,939 (289)
Total available-for-sale securities$— $— $5,656 $(1,239)$5,656 $(1,239)
Held-to-maturity securities
Municipal bonds$— $— $533 $(170)$533 $(170)
Agency mortgage-backed securities— — 1,019 (177)1,019 (177)
Total held-to-maturity securities$— $— $1,552 $(347)$1,552 $(347)
 December 31, 2024
 Less Than 12 Months12 Months or LongerTotal
 Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss		Fair
Value		Unrealized
Loss
Available-for-sale securities
Municipal bonds$— $— $3,708 $(991)$3,708 $(991)
Agency mortgage-backed securities44 (2)2,020 (347)2,064 (349)
Total$44 $(2)$5,728 $(1,338)$5,772 $(1,340)
Held-to-maturity securities
Municipal bonds$— $— $540 $(163)$540 $(163)
Agency mortgage-backed securities— — 1,172 (255)1,172 (255)
Total held-to-maturity securities$— $— $1,712 $(418)$1,712 $(418)
There was no allowance for credit losses on securities at September 30, 2025 or December 31, 2024. At both September 30, 2025 and December 31, 2024, the total securities portfolio consisted of 11 agency mortgage-backed securities and 11 municipal bonds. At September 30, 2025 , there were no securities in an unrealized loss position for less than 12 months and 16 securities in an unrealized loss position for more than 12 months. At December 31, 2024 there was one security in an unrealized loss position for less than 12 months and 15 securities in an unrealized loss position for more than 12 months. The unrealized losses were caused by changes in market interest rates or the widening of market spreads subsequent to the initial purchase of these securities and not related to the underlying credit of the issuers or the underlying collateral. It is expected that these securities will not be settled at a price less than the amortized cost of each investment. There was no provision for credit losses recognized for investment securities during the three and nine months ended September 30, 2025 and 2024, because the declines in fair value were not attributable to credit quality and because we do not intend, and it is not likely that we will be required, to sell these securities before recovery of their amortized cost basis.