Debt Securities (Tables)

12 Months Ended

Dec. 31, 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:
December 31, 2024:
U.S. Government and federal agencies	$	8,154	$	—		(187)	$	7,967
Mortgage-backed:
Government sponsored enterprises (GSEs)- residential		42,344		71		(3,557)		38,858
State and political subdivisions		20,791		50		(1,008)		19,833
	$	71,289	$	121	$	(4,752)	$	66,658

			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:
December 31, 2024
U.S. Government and Federal agencies	$	815	$	—	$	(140)	$	675
Certificates of Deposit		7,353		113		(1)		7,465
	$	8,168	$	113	$	(141)	$	8,140
Held-to-maturity Debt Securities:
December 31, 2023
U.S. Government and Federal agencies	$	861	$	—	$	(135)	$	726
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	$	1,889	$	1,867	$	1,848	$	1,854
One to five years		7,663		7,421		5,505		5,611
Five to ten years		12,039		11,458		—		—
After ten years		7,354		7,054		815		675
		28,945		27,800		8,168		8,140
Mortgage-backed securities		42,344		38,858		—		—
Totals	$	71,289	$	66,658	$	8,168	$	8,140

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

	Number of
	securities in a	Aggregate
	loss position	depreciation
December 31, 2024
U.S. Government and Federal agencies	13	(2.30)	%
Mortgage-backed:
Government sponsored enterprises (GSEs) - residential	184	(9.40)	%
State and political subdivisions	46	(5.67)	%
Total Portfolio	243	(7.45)	%
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

	December 31, 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	$	4,690	$	(71)	$	3,277	$	(116)	$	7,967	$	(187)
State and political subdivisions		5,947		(89)		10,829		(919)		16,776		(1,008)
Mortgage backed securities-GSE  residential		9,750		(217)		24,506		(3,340)		34,256		(3,557)
Total AFS securities	$	20,387	$	(377)	$	38,612	$	(4,375)	$	58,999	$	(4,752)

	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)

Schedule of amortized cost of debt securities held-to-maturity aggregated by credit quality indicator

Held-to-Maturity
December 31, 2024	Unrated
U.S. Government and federal agencies (1)	$	815
Certificates of Deposit (2)		7,353
	$	8,168
December 31, 2023	Unrated
U.S. Government and federal agencies (1)	$	861
Certificates of Deposit (2)		8,086
	$	8,947

(1) U.S. Government backed securities are explicitly or implicitly guaranteed by the U.S. Government which is AAA ratedand has historically ensured none of these debt securities default.

(2) Certificates of Deposit are covered by FDIC insurance as all balances are less than $250,000.