Debt Securities (Tables)

9 Months Ended

Sep. 30, 2024

Debt Securities

Schedule of Available-for-sale Debt Securities

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Available-for-sale Debt Securities:
September 30, 2024:
U.S. Government and federal agencies	$	8,119	$	155		(81)	$	8,193
Mortgage-backed:
Government sponsored enterprises (GSEs)- residential		44,058		485		(2,503)		42,040
State and political subdivisions		21,032		138		(708)		20,462
	$	73,209	$	778	$	(3,292)	$	70,695

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Available-for-sale Debt Securities:
December 31, 2023:
U.S. Government and federal agencies	$	8,016	$	—	$	(197)	$	7,819
Mortgage-backed:
Government sponsored enterprises (GSEs)- residential		38,158		51		(3,691)		34,518
State and political subdivisions		21,775		139		(738)		21,176
	$	67,949	$	190	$	(4,626)	$	63,513

Schedule of Held-to-maturity Debt Securities

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Held-to-maturity Debt Securities:
September 30, 2024
U.S. Government and Federal agencies	$	831	$	—	$	(106)	$	725
Mortgage-backed:
GSE residential		—		—		—		—
Certificates of Deposit		7,597		146		(2)		7,741
	$	8,428	$	146	$	(108)	$	8,466
Held-to-maturity Debt Securities:
December 31, 2023
U.S. Government and Federal agencies	$	861	$	—	$	(135)	$	726
Mortgage-backed:
GSE residential		—		—		—		—
Certificates of Deposit		8,086		58		(14)		8,130
	$	8,947	$	58	$	(149)	$	8,856

Schedule of amortized cost and fair value of available-for-sale securities and held-to-maturity debt securities, contractual maturity

	Available-for-sale				Held-to-maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Within one year	$	1,843	$	1,814	$	1,967	$	1,973
One to five years		7,411		7,294		5,630		5,768
Five to ten years		12,537		12,322		—		—
After ten years		7,360		7,225		—		—
		29,151		28,655		7,597		7,741
Mortgage-backed securities		44,058		42,040		831		725
Totals	$	73,209	$	70,695	$	8,428	$	8,466

Schedule of total available-for-sale securities and aggregate depreciation by security

	Number of
	securities in a	Aggregate
	loss position	depreciation
September 30, 2024
U.S. Government and Federal agencies	6	(2.40)	%
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential	171	(7.92)	%
State and political subdivisions	37	(5.21)	%
Total Portfolio	214	(6.77)	%
December 31, 2023
U.S. Government and Federal agencies	13	(2.46)	%
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential	175	(10.66)	%
State and political subdivisions	37	(5.60)	%
Total Portfolio	225	(8.28)	%

Schedule of fair value of investment in debt security available for sale and held to maturity measured at fair value in unrealized loss position

	September 30, 2024
	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	$	—	$	—	$	3,300	$	(81)	$	3,300	$	(81)
State and political subdivisions		1,476		(8)		11,416		(700)		12,892		(708)
Mortgage backed securities-GSE  residential		1,366		(20)		27,742		(2,483)		29,108		(2,503)
Total AFS securities	$	2,842	$	(28)	$	42,458	$	(3,264)	$	45,300	$	(3,292)

	December 31, 2023
	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	$	2,637	$	(6)	$	5,182	$	(191)	$	7,819	$	(197)
State and political subdivisions		3,424		(15)		9,025		(723)		12,449		(738)
Mortgage backed securities-GSE residential		—		—		30,942		(3,691)		30,942		(3,691)
Total AFS securities	$	6,061	$	(21)	$	45,149	$	(4,605)	$	51,210	$	(4,626)