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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2024
SECURITIES  
Schedule of Debt Securities Available for Sale and Held to Maturity

(Dollars in thousands)

    

December 31, 2024

Gross

    

Gross

Amortized

Fair

Unrealized

Unrealized

Debt Securities Available for Sale

    

Cost

    

Value

    

Gains

    

Losses

Obligations of U.S. Government sponsored enterprises

 

  

 

  

 

 

  

Within one year

$

2,500

$

2,495

$

$

(5)

After one year but within five years

13,000

12,081

(919)

 

15,500

 

14,576

 

 

(924)

Obligations of state and political subdivisions

 

  

 

  

 

  

 

  

After one year but within five years

 

2,780

2,643

(137)

After five years but within ten years

4,107

 

3,390

 

(717)

 

6,887

 

6,033

 

 

(854)

Corporate debt securities

 

  

 

  

 

  

 

  

After one year but within five years

 

4,542

4,286

(256)

After five years but within ten years

 

13,000

11,072

(1,928)

 

17,542

 

15,358

 

 

(2,184)

Mortgage-backed securities

 

30,939

28,656

(2,283)

Total

$

70,868

$

64,623

$

$

(6,245)

(Dollars in thousands)

    

December 31, 2024

Gross

    

Gross

Amortized

Fair

Unrecognized

Unrecognized

Debt Securities Held to Maturity

    

Cost

    

Value

    

Gains

    

Losses

Obligations of U.S. Government sponsored enterprises

 

  

 

  

 

 

  

After one year but within five years

$

25,389

$

25,263

$

$

(126)

After five years but within ten years

5,090

5,059

(31)

30,479

30,322

(157)

Mortgage-backed securities

161,148

152,451

(8,697)

Total

$

191,627

$

182,773

$

$

(8,854)

(Dollars in thousands)

December 31, 2023

    

    

    

    

    

Gross

    

Gross

Amortized

Fair

Unrealized

Unrealized

Debt Securities Available for Sale

Cost

Value

Gains

Losses

Obligations of U.S. Government sponsored enterprises

 

  

 

  

 

  

 

  

After one year but within five years

$

15,500

$

14,173

$

$

(1,327)

 

15,500

 

14,173

 

 

(1,327)

Obligations of state and political subdivisions

 

  

 

  

 

  

 

  

Within one year

 

500

 

496

 

(4)

After one year but within five years

 

2,514

2,387

(127)

After five years but within ten years

 

4,355

 

3,625

 

(730)

 

7,369

 

6,508

 

 

(861)

Corporate debt securities

 

  

 

  

 

  

 

  

After one year but within five years

 

4,608

4,048

(560)

After five years but within ten years

 

13,000

9,780

(3,220)

 

17,608

 

13,828

 

 

(3,780)

Mortgage-backed securities

 

35,257

33,055

(2,202)

Total

$

75,734

$

67,564

$

$

(8,170)

(Dollars in thousands)

    

December 31, 2023

Gross

    

Gross

Amortized

Fair

Unrecognized

Unrecognized

Debt Securities Held to Maturity

    

Cost

    

Value

    

Gains

    

Losses

Obligations of U.S. Government sponsored enterprises

 

  

 

  

 

 

  

After one year but within five years

$

15,886

$

15,984

$

104

$

(6)

After five years but within ten years

13,634

13,702

85

(17)

29,520

29,686

189

(23)

Mortgage-backed securities

171,124

168,461

1,917

(4,580)

Total

$

200,644

$

198,147

$

2,106

$

(4,603)

Schedule of Gross Unrealized Losses and Fair Value

Unrealized Losses at December 31, 2024

Less Than 12 Months

12 Months or More

Total

(Dollars in thousands)

    

Number

    

    

    

Number

    

    

    

Number

    

    

of

Fair

Unrealized 

of

Fair

Unrealized 

of

Fair

Unrealized 

Securities

Value

Losses

Securities

Value

Losses

Securities

Value

Losses

Securities available for sale

Obligations of U.S. Government sponsored enterprises

 

$

$

 

3

$

14,576

$

(924)

 

3

$

14,576

$

(924)

Obligations of state and political subdivisions

 

 

 

7

6,033

(854)

 

7

 

6,033

 

(854)

Corporate debt securities

 

9

15,358

(2,184)

 

9

15,358

(2,184)

Mortgage-backed securities

 

 

33

28,656

(2,283)

 

33

28,656

(2,283)

Total temporarily impaired securities available for sale

 

$

$

 

52

$

64,623

$

(6,245)

 

52

$

64,623

$

(6,245)

Unrealized Losses at December 31, 2023

Less Than 12 Months

12 Months or More

Total

(Dollars in thousands)

    

Number

    

    

    

Number

    

    

    

Number

    

    

of

Fair

Unrealized 

of

Fair

Unrealized 

of

Fair

Unrealized 

Securities

Value

Losses

Securities

Value

Losses

Securities

Value

Losses

Securities available for sale

Obligations of U.S. Government sponsored enterprises

 

$

$

 

3

$

14,173

$

(1,327)

 

3

$

14,173

$

(1,327)

Obligations of state and political subdivisions

 

1

1,456

 

(11)

 

7

5,052

(850)

 

8

 

6,508

 

(861)

Corporate debt securities

 

9

13,828

(3,780)

 

9

13,828

(3,780)

Mortgage-backed securities

 

 

34

33,055

(2,202)

 

34

33,055

(2,202)

Total temporarily impaired securities available for sale

 

1

$

1,456

$

(11)

 

53

$

66,108

$

(8,159)

 

54

$

67,564

$

(8,170)

Schedule of amortized cost of held to maturity debt securities by credit quality indicator

(Dollars in thousands)

December 31, 2024

AAA

Total

Securities held to maturity

Obligations of U.S. Government sponsored enterprises

$

30,479

$

30,479

Mortgage-backed securities

161,148

161,148

$

191,627

$

191,627

(Dollars in thousands)

December 31, 2023

AAA

Total

Securities held to maturity

Obligations of U.S. Government sponsored enterprises

$

29,520

$

29,520

Mortgage-backed securities

171,124

171,124

$

200,644

$

200,644