XML 64 R51.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investment Securities - Additional information (Details)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
position
security
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
position
security
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
security
Mar. 31, 2023
USD ($)
Investment Securities:              
Held to maturity securities, fair value $ 60,763,000     $ 60,763,000   $ 58,621,000  
Equity securities 341,000     $ 341,000   $ 499,000  
The weighted average duration of the total investment securities portfolio       47 months 27 days   49 months 12 days  
Proceeds from sales of investment securities - available for sale 500,000   $ 0 $ 935,000 $ 0    
Book value of securities available for sale and held to maturity 134,550,000     134,550,000   $ 135,624,000  
Accrued interest receivable on available for sale debt securities 1,100,000     1,100,000   988,000  
Gross investment gains 0     $ 0      
Premium percentage on mortgage backed securities purchased       100.80%      
Unrealized loss on equity securities       $ 0      
Held to maturity, allowance for credit losses 100,000 $ 90,000 109,000 100,000 109,000 37,000 $ 83,000
Accrued interest receivable on held to maturity debt securities 403,000     403,000   388,000  
Held to maturity debt securities in non-accrual 0     0   0  
Provision for credit losses recovery on available for sale debt securities 244,000   0        
Charge-off resulted from sale of securities       491,000      
Provision for credit losses recovery recognized       75,000      
Available for Sale Securities, allowance for credit losses $ 360,000 116,000 926,000 $ 360,000 926,000 $ 926,000 926,000
Number of available for sale debt securities in non accrual status | security 0     0   1  
Available-for-Sale debt securities in non-accrual           $ 926,000  
Percentage of unrealized loss position for less than 12 months       0.90%      
Percentage of unrealized loss position for greater than 12 months       12.10%      
Assets $ 1,403,438,000     $ 1,403,438,000   1,389,638,000  
Net income $ (375,000)   (187,000) $ 1,529,000 1,328,000    
Available For Sale Debt Security, Greater Than 90 Days Past Due, Number of Securities | security 1     1      
Debt Securities Available For Sale Excluding Accrued Interest, Past Due Over 90 Days $ 1,000,000.0     $ 1,000,000.0      
Debt Securities Available For Sale Amortized Cost, Allowance For Credit Loss Excluding Accrued Interest, Past Due Over 90 Days 360,000     360,000   0  
Debt Securities, Available-for-Sale, Realized Gain (Loss)       0      
U.S. Agency              
Investment Securities:              
Held to maturity securities, fair value 2,118,000     2,118,000   2,121,000  
Held to maturity, allowance for credit losses $ 0     $ 0      
Unrealized loss position for greater than 12 months, Number of positions | position 6     6      
U.S. Agency mortgage-backed securities              
Investment Securities:              
Held to maturity securities, fair value $ 24,423,000     $ 24,423,000   22,213,000  
Held to maturity, allowance for credit losses $ 0     $ 0      
Unrealized loss position for less than 12 months, Number of positions | position 11     11      
Unrealized loss position for greater than 12 months, Number of positions | position 136     136      
Municipal              
Investment Securities:              
Held to maturity securities, fair value $ 29,952,000     $ 29,952,000   29,990,000  
Held to maturity, allowance for credit losses $ 2,000 2,000 2,000 $ 2,000 2,000 2,000 3,000
Unrealized loss position for less than 12 months, Number of positions 1     1      
Unrealized loss position for greater than 12 months, Number of positions | position 31     31      
Corporate bonds              
Investment Securities:              
Charge-off resulted from sale of securities       $ 491,000      
Available for Sale Securities, allowance for credit losses $ 360,000 116,000 $ 926,000 $ 360,000 $ 926,000 $ 926,000 $ 926,000
Unrealized loss position for less than 12 months, Number of positions | position 5     5      
Unrealized loss position for greater than 12 months, Number of positions | position 84     84      
Subordinated debt investment              
Investment Securities:              
Charge-off resulted from sale of securities   491,000          
Provision for credit losses recovery recognized   $ 435,000          
Standard & Poor's, AAA Rating [Member]              
INVESTMENT SECURITIES              
Portfolio rated 56.50%     56.50%   55.90%  
Securities rated below A              
INVESTMENT SECURITIES              
Portfolio rated 14.50%     14.50%   15.10%  
Maximum              
Investment Securities:              
The weighted average duration of the total investment securities portfolio       60 months