Investment Securities (Tables)

9 Months Ended

Sep. 30, 2025

Investment Securities [Abstract]

Amortized Cost and Fair Value of Debt Securities Available for Sale

The amortized cost and fair value of the debt securities available for sale are as follows:

	September 30, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
U.S. government sponsored enterprises	$	51,916	$	30	$	389	$	51,557
State and political subdivisions		18		-		-		18
Mortgage backed securities and collateralized mortgage obligations - residential		232,672		528		17,734		215,466
Corporate bonds		39,970		40		210		39,800
Small Business Administration - guaranteed participation securities		13,138		-		808		12,330
Other		689		12		-		701
Total Securities Available for Sale	$	338,403	$	610	$	19,141	$	319,872

	December 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
U.S. government sponsored enterprises	$	86,833	$	4	$	1,220	$	85,617
State and political subdivisions		18		-		-		18
Mortgage backed securities and collateralized mortgage obligations - residential		239,420		114		26,406		213,128
Corporate bonds		45,033		-		452		44,581
Small Business Administration - guaranteed participation securities		15,471		-		1,330		14,141
Other		688		12		-		700
Total Securities Available for Sale	$	387,463	$	130	$	29,408	$	358,185

Proceeds from Sales and Calls and Maturities of Debt Securities Available For Sale, Gross Realized Gains and Gross Realized Losses

The proceeds from sales and calls and maturities of debt securities available for sale, gross realized gains and gross realized losses from sales and calls during the three and nine months ended September 30, 2025 and 2024 are as follows:

	Three months ended September 30,
(dollars in thousands)	2025		2024
Proceeds from sales	$	-	$	-
Proceeds from calls/paydowns		30,105		33,992
Proceeds from maturities		10,000		5,000
Gross realized gains		-		-
Gross realized losses		-		-

	Nine months ended September 30,
	2025		2024
(dollars in thousands)
Proceeds from sales		-		-
Proceeds from calls/paydowns		54,469		54,486
Proceeds from maturities		70,050		60,000
Gross realized gains		-		-
Gross realized losses		-		-

Amortized Cost and Fair Value of Held to Maturity Securities

The amortized cost and fair value of the held to maturity securities are as follows:

	September 30, 2025
			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Mortgage backed securities and collateralized mortgage obligations - residential	$	4,593	$	84	$	48	$	4,629
Total held to maturity	$	4,593	$	84	$	48	$	4,629

	December 31, 2024
			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Mortgage backed securities and collateralized mortgage obligations - residential	$	5,365	$	45	$	104	$	5,306
Total held to maturity	$	5,365	$	45	$	104	$	5,306

Securities Available for Sale [Member]

Investment Securities [Abstract]

Debt Securities Based on Securities Contractual Maturity

The following table categorizes the debt securities included in the available for sale portfolio as of September 30, 2025, based on the securities’ final maturity. Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Debt securities not due at a single maturity date are presented separately:

	Amortized		Fair
(dollars in thousands)	Cost		Value
Due in one year or less	$	24,961	$	24,622
Due after one year through five years		45,652		45,594
Due after five years through ten years		21,980		21,860
Mortgage backed securities and collateralized mortgage obligations - residential		232,672		215,466
Small Business Administration - guaranteed participation securities		13,138		12,330
	$	338,403	$	319,872

Gross Unrealized Losses on Investment on Debt Securities and Related Fair Values in Unrealized Loss Position

Gross unrealized losses on debt securities available for sale and the related fair values aggregated by the length of time that individual securities have been in an unrealized loss position, were as follows:

	September 30, 2025
	Less than				12 months
	12 months				or more				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)	Value		Loss		Value		Loss		Value		Loss
U.S. government sponsored enterprises	$	6,987	$	13	$	34,537	$	376	$	41,524	$	389
Mortgage backed securities and collateralized mortgage obligations - residential		-		-		184,496		17,734		184,496		17,734
Corporate bonds		24,770		210		-		-		24,770		210
Small Business Administration - guaranteed participation securities		-		-		12,330		808		12,330		808
Total	$	31,757	$	223	$	231,363	$	18,918	$	263,120	$	19,141

	December 31, 2024
	Less than				12 months
	12 months				or more				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)	Value		Loss		Value		Loss		Value		Loss
U.S. government sponsored enterprises	$	11,961		38	$	68,651	$	1,182	$	80,612	$	1,220
Mortgage backed securities and collateralized mortgage obligations - residential		12,346		280		194,636		26,126		206,982		26,406
Corporate bonds		-		-		44,581		452		44,581		452
Small Business Administration - guaranteed participation securities		-		-		14,141		1,330		14,141		1,330
Total	$	24,307		318	$	322,009	$	29,090	$	346,316	$	29,408

Held to Maturity Securities [Member]

Investment Securities [Abstract]

Debt Securities Based on Securities Contractual Maturity

The following table categorizes the debt securities included in the held to maturity portfolio as of September 30, 2025, based on the securities’ final maturity.  Actual maturities may differ because of securities prepayments and the right of certain issuers to call or prepay their obligations without penalty. Debt securities not due at a single maturity date are presented separately:

(dollars in thousands)	Amortized		Fair
	Cost		Value
Mortgage backed securities and collateralized mortgage obligations - residential	$	4,593	$	4,629
	$	4,593	$	4,629

Gross Unrealized Losses on Investment on Debt Securities and Related Fair Values in Unrealized Loss Position

Gross unrecognized losses on held to maturity securities and the related fair values aggregated by the length of time that individual securities have been in an unrecognized loss position, were as follows:

	September 30, 2025
	Less than				12 months
(dollars in thousands)	12 months				or more				Total
			Gross				Gross				Gross
	Fair		Unrec.		Fair		Unrec.		Fair		Unrec.
	Value		Loss		Value		Loss		Value		Loss
Mortgage backed securities and collateralized mortgage obligations - residential	$	-	$	-	$	1,764	$	48	$	1,764	$	48
Total	$	-	$	-	$	1,764	$	48	$	1,764	$	48

	December 31, 2024
	Less than				12 months
(dollars in thousands)	12 months				or more				Total
			Gross				Gross				Gross
	Fair		Unrec.		Fair		Unrec.		Fair		Unrec.
	Value		Loss		Value		Loss		Value		Loss
Mortgage backed securities and collateralized mortgage obligations - residential	$	592	$	7	$	2,047	$	97	$	2,639	$	104
Total	$	592	$	7	$	2,047	$	97	$	2,639	$	104