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)