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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-sale
The amortized cost and fair value of securities at December 31, 2023 and December 31, 2022 are summarized as follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
December 31, 2023
Securities Available for Sale
U.S. Treasury securities$9,721 $— $(949)$8,772 
U.S. Government Sponsored Enterprises (GSEs)2,446 37 (215)2,268 
State and municipal securities45,220 21 (4,172)41,069 
Corporate debt securities12,517 — (1,258)11,259 
Asset based securities19,112 54 (479)18,687 
Mortgage-backed GSE residential/multifamily and non-GSE101,306 164 (4,525)96,945 
Total securities available for sale$190,322 $276 $(11,598)$179,000 
Securities Held to Maturity
State and municipal securities19,632 — (3,399)16,233 
Total securities held to maturity$19,632 $— $(3,399)$16,233 
Total securities$209,954 $276 $(14,997)$195,233 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
December 31, 2022
Securities Available for Sale
U.S. Treasury securities$9,764 $— $(1,180)$8,584 
U.S. Government Sponsored Enterprises (GSEs)2,009 — (221)1,788 
State and municipal securities56,204 100 (6,379)49,925 
Corporate debt securities12,526 — (899)11,627 
Asset based securities14,079 — (742)13,337 
Mortgage-backed GSE residential/multifamily and non-GSE75,892 (5,612)70,283 
Total securities available for sale$170,474 $103 $(15,033)$155,544 
Securities Held to Maturity
State and municipal securities19,652(4,287)15,365 
Total securities held to maturity$19,652$$(4,287)$15,365 
Total securities$190,126$103$(19,320)$170,909 
Schedule of Debt Securities, Held-to-maturity
The amortized cost and fair value of securities at December 31, 2023 and December 31, 2022 are summarized as follows:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
December 31, 2023
Securities Available for Sale
U.S. Treasury securities$9,721 $— $(949)$8,772 
U.S. Government Sponsored Enterprises (GSEs)2,446 37 (215)2,268 
State and municipal securities45,220 21 (4,172)41,069 
Corporate debt securities12,517 — (1,258)11,259 
Asset based securities19,112 54 (479)18,687 
Mortgage-backed GSE residential/multifamily and non-GSE101,306 164 (4,525)96,945 
Total securities available for sale$190,322 $276 $(11,598)$179,000 
Securities Held to Maturity
State and municipal securities19,632 — (3,399)16,233 
Total securities held to maturity$19,632 $— $(3,399)$16,233 
Total securities$209,954 $276 $(14,997)$195,233 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
December 31, 2022
Securities Available for Sale
U.S. Treasury securities$9,764 $— $(1,180)$8,584 
U.S. Government Sponsored Enterprises (GSEs)2,009 — (221)1,788 
State and municipal securities56,204 100 (6,379)49,925 
Corporate debt securities12,526 — (899)11,627 
Asset based securities14,079 — (742)13,337 
Mortgage-backed GSE residential/multifamily and non-GSE75,892 (5,612)70,283 
Total securities available for sale$170,474 $103 $(15,033)$155,544 
Securities Held to Maturity
State and municipal securities19,652(4,287)15,365 
Total securities held to maturity$19,652$$(4,287)$15,365 
Total securities$190,126$103$(19,320)$170,909 
Schedule of Investments Classified by Contractual Maturity Date
The amortized cost and fair value of securities available for sale and securities held to maturity as of December 31, 2023 and December 31, 2022 by contractual maturity are shown below. Actual maturities may differ from contractual maturities in mortgage-backed securities because the mortgages underlying the securities may be called or repaid with or without penalty. Therefore, these securities are not included by maturity in the following summary:
December 31,
20232022
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
Securities Available for Sale
Due in less than one year$482 $476 $$
Due from one year to five years11,671 10,855 8,3387,818
Due after five to ten years22,537 20,439 24,46822,047
Due after ten years54,326 50,285 61,77655,396
Mortgage-backed securities101,306 96,945 75,89270,283
Total securities available for sale$190,322 $179,000 $170,474 $155,544 
Securities Held to Maturity
Due in less than one year$— $— $— $— 
Due from one year to five years— — 
Due after five to ten years7,743 6,483 5,3104,255
Due after ten years11,889 9,750 14,34211,110
Mortgage-backed securities— — 
Total securities held to maturity$19,632 $16,233 $19,652 $15,365 
Total securities$209,954 $195,233 $190,126 $170,909 
Schedule of Realized Gain and Loss
Gains and losses on sales and change in value of securities available for sale and other equity securities held at fair value for the years ended December 31, 2023 and December 31, 2022 consist of the following:

Years Ended December 31,
20232022
Gross gains$792 $331 
Gross losses(237)(963)
Net realized gain (loss)$555 $(632)
Schedule of Restricted Investments
Restricted equity securities as of December 31, 2023 and December 31, 2022 consist of the following:
December 31,
20232022
Federal Home Loan Bank stock$4,759 $2,209 
First National Banker’s Bankshares, Inc. stock675 675 
Pacific Coast Banker’s Bank stock250 250 
Total restricted equity securities$5,684 $3,134 
Schedule of Available-for-sale in Continuous Unrealized Loss Position
The following table shows the gross unrealized losses and fair value of securities, aggregated by category and length of time that securities have been in a continuous unrealized loss position at December 31, 2023 and December 31, 2022.
Less Than Twelve MonthsOver Twelve Months
Gross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Fair ValueTotal
Unrealized
Losses
December 31, 2023
Securities Available for Sale
U.S. Treasury securities$— $— $(949)$8,772 $(949)
U.S. Government Sponsored Enterprises (GSEs)— — (215)1,451 (215)
State and municipal securities— — (4,172)40,663 (4,172)
Corporate debt securities— — (1,258)11,259 (1,258)
Asset based securities(11)1,102 (468)6,904 (479)
Mortgage-backed GSE residential/multifamily and non-GSE(268)24,708 (4,257)56,083 (4,525)
Total securities available for sale$(279)$25,810 $(11,319)$125,132 $(11,598)
Securities Held to Maturity
State and municipal securities— — (3,399)16,233 (3,399)
Total securities held to maturity$— $— $(3,399)$16,233 $(3,399)
Total securities$(279)$25,810 $(14,718)$141,365 $(14,997)
Less Than Twelve MonthsOver Twelve Months
Gross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Fair ValueTotal
Unrealized
Losses
December 31, 2022
Securities Available for Sale
U.S. Treasury securities$(119)$1,873 $(1,061)$6,711 $(1,180)
U.S. Government Sponsored Enterprises (GSEs)— — (221)1,788 (221)
State and municipal securities(2,561)26,504 (3,818)19,012 (6,379)
Corporate debt securities(507)8,497 (392)3,130 (899)
Asset based securities(178)6,497 (564)6,840 (742)
Mortgage-backed GSE residential/multifamily and non-GSE(3,598)52,260 (2,014)16,107 (5,612)
Total securities available for sale$(6,963)$95,631 $(8,070)$53,588 $(15,033)
Securities Held to Maturity
State and municipal securities(2,072)8,153 (2,215)7,211 (4,287)
Total securities held to maturity$(2,072)$8,153 $(2,215)$7,211 $(4,287)
Total securities$(9,035)$103,784 $(10,285)$60,799 $(19,320)
Schedule of Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value
The following table shows the gross unrealized losses and fair value of securities, aggregated by category and length of time that securities have been in a continuous unrealized loss position at December 31, 2023 and December 31, 2022.
Less Than Twelve MonthsOver Twelve Months
Gross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Fair ValueTotal
Unrealized
Losses
December 31, 2023
Securities Available for Sale
U.S. Treasury securities$— $— $(949)$8,772 $(949)
U.S. Government Sponsored Enterprises (GSEs)— — (215)1,451 (215)
State and municipal securities— — (4,172)40,663 (4,172)
Corporate debt securities— — (1,258)11,259 (1,258)
Asset based securities(11)1,102 (468)6,904 (479)
Mortgage-backed GSE residential/multifamily and non-GSE(268)24,708 (4,257)56,083 (4,525)
Total securities available for sale$(279)$25,810 $(11,319)$125,132 $(11,598)
Securities Held to Maturity
State and municipal securities— — (3,399)16,233 (3,399)
Total securities held to maturity$— $— $(3,399)$16,233 $(3,399)
Total securities$(279)$25,810 $(14,718)$141,365 $(14,997)
Less Than Twelve MonthsOver Twelve Months
Gross
Unrealized
Losses
Fair ValueGross
Unrealized
Losses
Fair ValueTotal
Unrealized
Losses
December 31, 2022
Securities Available for Sale
U.S. Treasury securities$(119)$1,873 $(1,061)$6,711 $(1,180)
U.S. Government Sponsored Enterprises (GSEs)— — (221)1,788 (221)
State and municipal securities(2,561)26,504 (3,818)19,012 (6,379)
Corporate debt securities(507)8,497 (392)3,130 (899)
Asset based securities(178)6,497 (564)6,840 (742)
Mortgage-backed GSE residential/multifamily and non-GSE(3,598)52,260 (2,014)16,107 (5,612)
Total securities available for sale$(6,963)$95,631 $(8,070)$53,588 $(15,033)
Securities Held to Maturity
State and municipal securities(2,072)8,153 (2,215)7,211 (4,287)
Total securities held to maturity$(2,072)$8,153 $(2,215)$7,211 $(4,287)
Total securities$(9,035)$103,784 $(10,285)$60,799 $(19,320)