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Investments (Tables)
 9 Months Ended
Sep. 30, 2024
Investments [Abstract]  
Schedule of Gain and Losses on Investments
The following table summarizes investment income and realized gains and losses on investments during the periods presented.
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Investment income, net of investment expenses$3,645 $2,515 $10,884 $4,618 
Realized gains on investments172 61 213 72 
Realized losses on investments(30)(91)(140)(198)
Investment income and realized gains, net of investment expenses$3,787 $2,485 $10,957 $4,492 
Schedule of Amortized Cost, Market Value and Unrealized Gains (Losses) of Debt Securities
The following tables summarize the amortized cost, fair value, and unrealized gains and losses of investment securities.
September 30, 2024
Amortized CostGross UnrealizedFair Value
GainsLosses
U.S. Treasuries$28,000 $130 $(214)$27,916 
Obligations of states, municipalities and political subdivisions16,021 152 (611)15,562 
Corporate bonds75,723 1,047 (1,281)75,489 
Residential and commercial mortgage-backed securities66,445 724 (751)66,418 
Other loan-backed and structured securities12,474 97 (178)12,393 
Total investment securities$198,663 $2,150 $(3,035)$197,778 
December 31, 2023
Amortized CostGross UnrealizedFair Value
GainsLosses
U.S. Treasuries$43,931 $95 $(330)$43,696 
Obligations of states, municipalities and political subdivisions18,281 100 (961)17,420 
Corporate bonds51,678 430 (2,067)50,041 
Residential and commercial mortgage-backed securities25,452 153 (1,004)24,601 
Other loan-backed and structured securities3,694 13 (289)3,418 
Total investment securities$143,036 $791 $(4,651)$139,176 
Schedule of Remaining Time to Maturity
The amortized cost and fair value of securities at September 30, 2024, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
September 30, 2024
Remaining Time to MaturityAmortized CostFair Value
Due in one year or less$24,618 $24,592 
Due after one year through five years46,019 45,972 
Due after five years through ten years35,226 34,659 
Due after ten years13,881 13,744 
Residential and commercial mortgage-backed securities66,445 66,418 
Other loan-backed and structured securities12,474 12,393 
Total$198,663 $197,778 
Schedule of Securities With Gross Unrealized Loss Position
Securities with gross unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:
Less Than Twelve MonthsTwelve Months or GreaterTotal
As of September 30, 2024Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
U.S. Treasuries$(177)$3,737 $(37)$296 $(214)$4,033 
Obligations of states, municipalities and political subdivisions(531)6,518 (80)1,201 (611)7,719 
Corporate bonds(1,089)17,070 (192)3,745 (1,281)20,815 
Residential and commercial mortgage-backed securities(466)9,314 (285)2,524 (751)11,838 
Other loan-backed and structured securities(172)3,237 (6)51 (178)3,288 
Total securities$(2,435)$39,876 $(600)$7,817 $(3,035)$47,693 
Less Than Twelve MonthsTwelve Months or GreaterTotal
As of December 31, 2023Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
U.S. Treasuries$(280)$12,345 $(50)$515 $(330)$12,860 
Obligations of states, municipalities and political subdivisions(813)8,445 (148)1,639 (961)10,084 
Corporate bonds(1,698)21,104 (369)4,677 (2,067)25,781 
Residential and commercial mortgage-backed securities(621)8,673 (383)3,072 (1,004)11,745 
Other loan-backed and structured securities(281)2,790 (8)52 (289)2,842 
Total securities$(3,693)$53,357 $(958)$9,955 $(4,651)$63,312