Investment Securities (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Available for Sale Debt Securities

The tables below show the amortized cost and fair value, by type, of the Company’s available for sale debt securities as of March 31, 2025 and December 31, 2024:

	March 31, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available for sale:
U.S. government sponsored agencies	$	142,353	$	250	$	8,662	$	133,941
Mortgage-backed securities		92,464		216		6,066		86,614
Corporate bonds		31,300		1		858		30,443
Small Business Administration		—		—		—		—
Total available for sale	$	266,117	$	467	$	15,586	$	250,998
	December 31, 2024
Available for sale:
U.S. government sponsored agencies	$	147,674	$	68	$	10,909	$	136,833
Mortgage-backed securities		85,708		19		8,444		77,283
Corporate bonds		31,237		—		1,254		29,983
Small Business Administration		20		—		—		20
Total available for sale	$	264,639	$	87	$	20,607	$	244,119

Schedule of Available for Sale Debt Securities in a Continuous Unrealized Loss Position

A summary of securities with gross unrealized losses at March 31, 2025 and December 31, 2024 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

	March 31, 2025
	Less Than 12 Months				12 Months or More
			Gross				Gross		Total
	Fair		Unrealized		Fair		Unrealized		Unrealized
	Value		Losses		Value		Losses		Losses
Available for sale:
U.S. government sponsored agencies	$	2,997	$	47	$	116,090	$	8,615	$	8,662
Mortgage-backed securities		12,571		239		56,539		5,827		6,066
Corporate bonds		7,589		35		22,353		823		858
Total available for sale	$	23,157	$	321	$	194,982	$	15,265	$	15,586
	December 31, 2024
Available for sale:
U.S. government sponsored agencies	$	12,337	$	246	$	118,800	$	10,663	$	10,909
Mortgage-backed securities and small business administration		17,590		698		56,203		7,746		8,444
Corporate bonds		7,955		133		22,028		1,121		1,254
Total available for sale	$	37,882	$	1,077	$	197,031	$	19,530	$	20,607

Schedule of Amortized Cost Estimated Fair Value and Weighted Average Yields for Available for Sale Debt Securities

The amortized cost and estimated fair value by maturity or next repricing date of investment securities at March 31, 2025 are shown in the following table. Fixed rate securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may differ from contractual maturities.

	Amortized		Fair
	Cost		Value
Within one year or less	$	4,945	$	4,887
One through five years		82,974		79,742
After five through ten years		77,781		74,308
Over ten years		100,417		92,061
Total	$	266,117	$	250,998