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Debt Securities (Tables)
3 Months Ended
Mar. 31, 2025
Debt Securities  
Schedule of Available-for-sale Debt Securities

Gross 

Gross  

Amortized  

Unrealized 

Unrealized  

    

Cost

    

Gains

    

Losses

    

Fair Value

Available-for-sale Debt Securities:

  

  

  

  

March 31, 2025:

  

  

  

  

U.S. Government and federal agencies

$

7,640

$

51

(84)

$

7,607

Mortgage-backed:

 

 

  

 

 

  

Government sponsored enterprises (GSEs)- residential

 

44,105

 

206

 

(2,836)

 

41,475

State and political subdivisions

 

20,756

 

24

 

(1,095)

 

19,685

$

72,501

$

281

$

(4,015)

$

68,767

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

Schedule of Held-to-maturity Debt Securities

Gross 

Gross  

Amortized  

Unrealized 

Unrealized 

    

Cost

    

Gains

    

 Losses

    

Fair Value

Held-to-maturity Debt Securities:

March 31, 2025

  

  

  

  

U.S. Government and Federal agencies

$

814

$

$

(123)

$

691

Certificates of Deposit

 

7,108

 

97

(1)

 

7,204

$

7,922

$

97

$

(124)

$

7,895

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

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

$

1,416

$

1,402

$

3,402

$

3,288

One to five years

 

8,642

 

8,460

 

4,520

4,607

Five to ten years

 

10,257

 

9,756

 

 

After ten years

 

8,081

 

7,674

 

 

 

28,396

 

27,292

 

7,922

 

7,895

Mortgage-backed securities

 

44,105

41,475

 

 

Totals

$

72,501

$

68,767

$

7,922

$

7,895

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

Number of

securities in a

Aggregate

    

loss position

    

depreciation

March 31, 2025

U.S. Government and Federal agencies

7

(1.95)

%

Mortgage-backed:

Government sponsored enterprises (GSEs) - residential

169

(8.85)

%

State and political subdivisions

48

(5.81)

%

Total Portfolio

224

(7.27)

%

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)

%

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

March 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

$

1,453

$

(3)

$

2,773

$

(81)

$

4,226

$

(84)

State and political subdivisions

 

6,513

 

(182)

 

11,251

 

(913)

 

17,764

 

(1,095)

Mortgage backed securities-GSE  residential

 

4,694

 

(90)

 

24,501

 

(2,746)

 

29,195

 

(2,836)

Total AFS securities

$

12,660

$

(275)

$

38,525

$

(3,740)

$

51,185

$

(4,015)

    

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)