The amortized cost and approximate fair values, together with gross unrealized gains and losses, of debt securities are as follows:


					Gross			Gross
		Amortized			Unrealized			Unrealized
		Cost			Gains			Losses			Fair Value
Available-for-sale Debt Securities:
June 30, 2026:
U.S. Government and federal agencies		$	7,247		$	47			(47)		$	7,247
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential			39,721			127			(2,115)			37,733
State and political subdivisions			18,644			82			(546)			18,180

		$	65,612		$	256		$	(2,708)		$	63,160


					Gross			Gross
		Amortized			Unrealized			Unrealized
		Cost			Gains			Losses			Fair Value
Available-for-sale Debt Securities:
December 31, 2025:
U.S. Government and federal agencies		$	7,186		$	135		$	(40)		$	7,281
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential			42,573			367			(2,014)			40,926
State and political subdivisions			19,184			70			(531)			18,723

		$	68,943		$	572		$	(2,585)		$	66,930


					Gross			Gross
		Amortized			Unrealized			Unrealized
		Cost			Gains			Losses			Fair Value
Held-to-maturity Debt Securities:
June 30, 2026
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential		$	663		$	—		$	(116)		$	547
Certificates of Deposit			3,544			36			—			3,580

		$	4,207		$	36		$	(116)		$	4,127

Held-to-maturity Debt Securities:
December 31, 2025
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential		$	700		$	—		$	(108)		$	592
Certificates of Deposit			5,505			87			—			5,592

		$	6,205		$	87		$	(108)		$	6,184

The amortized cost and fair value of available-for-sale securities and held-to-maturity debt securities at June 30, 2026, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.


		Available-for-sale						Held-to-maturity
		Amortized			Fair			Amortized			Fair
		Cost			Value			Cost			Value
Within one year		$	1,981		$	1,968		$	616		$	619
One to five years			7,829			7,696			2,928			2,961
Five to ten years			10,881			10,570			—			—
After ten years			5,200			5,193			—			—
			25,891			25,427			3,544			3,580
Mortgage-backed securities			39,721			37,733			663			547

Totals		$	65,612		$	63,160		$	4,207		$	4,127

The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $12,321 at June 30, 2026 and $12,858 at December 31, 2025.

There were no sales of securities for the three and six months ended June 30, 2026 and 2025.

A portion of available-for-sale investments in debt securities are reported in the consolidated financial statements at an amount less than their historical cost.

The following table shows the Company’s investments’ gross unrealized losses and fair value of the Company’s investments with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2026 and December 31, 2025:


		June 30, 2026
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
		Value			Losses			Value			Losses			Value			Losses
Available-for-sale Debt Securities:
U.S. Government and federal agencies		$	2,068		$	(2)		$	2,291		$	(45)		$	4,359		$	(47)
State and political subdivisions			2,018			(13)			8,747			(533)			10,765			(546)
Mortgage backed securities - GSE  residential			7,142			(66)			19,897			(2,049)			27,039			(2,115)
Total AFS securities		$	11,228		$	(81)		$	30,935		$	(2,627)		$	42,163		$	(2,708)


		December 31, 2025
		Less than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
		Value			Losses			Value			Losses			Value			Losses
Available-for-sale Debt Securities:
U.S. Government and federal agencies		$	—		$	—		$	2,286		$	(40)		$	2,286		$	(40)
State and political subdivisions			1,337			(3)			11,093			(528)			12,430			(531)
Mortgage backed securities - GSE residential			1,916			(17)			22,126			(1,997)			24,042			(2,014)
Total AFS securities		$	3,253		$	(20)		$	35,505		$	(2,565)		$	38,758		$	(2,585)

The following table shows the total available-for-sale securities and aggregate depreciation by security type:


		Number of
		securities in a		Aggregate
		loss position		depreciation
June 30, 2026

U.S. Government and Federal agencies		7		(1.07)	%
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential		161		(7.26)	%
State and political subdivisions		29		(4.82)	%

Total Portfolio		197		(6.04)	%

December 31, 2025

U.S. Government and Federal agencies		4		(1.71)	%
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential		155		(7.73)	%
State and political subdivisions		33		(4.10)	%

Total Portfolio		192		(6.25)	%

These unrealized losses relate principally to the changes in market interest rates and are not due to changes in the financial condition of the issuer, the quality of the underlying assets, or applicable credit enhancements. In analyzing whether and allowance for credit losses on debt securities is required, management considers whether the securities are issued by a government body or agency, whether a rating agency has downgraded the securities, industry analysts’ reports, the financial condition and performance of the issuer, and the quality of any underlying assets or credit enhancements. Since management

has the ability to hold debt securities for the foreseeable future, no allowance for credit losses related to debt securities has been recorded at June 30, 2026 and December 31, 2025.

Management has evaluated the Company’s held-to-maturities securities unrealized losses and has concluded that no anticipated credit losses are expected and therefore no reserve for losses related to held-to-maturity securities has been included in the Company’s allowance for credit losses.