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Securities (Tables)
12 Months Ended
Dec. 31, 2025
Debt Securities, Available-for-Sale [Abstract]  
Amortized Costs And Fair Values Of Securities Available For Sale

Amortized costs and fair values of securities available for sale at December 31, 2025 and 2024 were as follows:

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
(Losses)

 

 

Fair
Value

 

 

 

December 31, 2025

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

7,458

 

 

$

2

 

 

$

(16

)

 

$

7,444

 

U.S. treasury securities

 

 

9,999

 

 

 

2

 

 

 

 

 

 

10,001

 

Mortgage-backed securities

 

 

81,492

 

 

 

480

 

 

 

(6,843

)

 

 

75,129

 

Collateralized mortgage obligations

 

 

22,498

 

 

 

84

 

 

 

(87

)

 

 

22,495

 

Subordinated debt

 

 

4,750

 

 

 

 

 

 

(276

)

 

 

4,474

 

 

 

$

126,197

 

 

$

568

 

 

$

(7,222

)

 

$

119,543

 

 

 

 

December 31, 2024

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

8,198

 

 

$

 

 

$

(530

)

 

$

7,668

 

Mortgage-backed securities

 

 

127,061

 

 

 

 

 

 

(22,094

)

 

 

104,967

 

Obligations of states and political subdivisions

 

 

4,920

 

 

 

 

 

 

(275

)

 

 

4,645

 

Subordinated debt

 

 

4,750

 

 

 

 

 

 

(700

)

 

 

4,050

 

 

 

$

144,929

 

 

$

 

 

$

(23,599

)

 

$

121,330

 

Schedule of amounts related to the sale of available for sale securities

The following table summarizes amounts related to the sale of available for sale securities:

 

 

For the Twelve Months Ended

 

 

December 31, 2025

 

 

(in thousands)

 

Proceeds from sales

 

86,822

 

 

 

 

Gross realized gains

 

 

Gross realized losses

 

(12,425

)

Net realized losses on securities

$

(12,425

)

 

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at December 31, 2025, by the earlier of contractual maturity or expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties.

 

 

 

Amortized Cost

 

 

Fair Value

 

 

 

(in thousands)

 

Due in one year or less

 

$

9,999

 

 

$

10,001

 

Due after one year through five years

 

 

14,256

 

 

 

14,323

 

Due after five years through ten years

 

 

18,266

 

 

 

18,127

 

Due after ten years

 

 

83,676

 

 

 

77,092

 

 

 

$

126,197

 

 

$

119,543

 

Schedule of fair value and gross unrealized losses for securities available for sale

The fair value and gross unrealized losses for securities available for sale, totaled by the length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2025 and 2024 were as follows:

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

 

 

Fair Value

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

 

Gross
Unrealized
Losses

 

 

 

December 31, 2025

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

5,503

 

 

$

16

 

 

$

 

 

$

 

 

$

5,503

 

 

$

16

 

Mortgage-backed securities

 

 

 

 

 

 

 

 

29,508

 

 

 

6,843

 

 

 

29,508

 

 

 

6,843

 

Collateralized mortgage obligations

 

 

7,116

 

 

 

87

 

 

 

 

 

 

 

 

 

7,116

 

 

 

87

 

Subordinated debt

 

 

973

 

 

 

28

 

 

 

3,002

 

 

 

248

 

 

 

3,975

 

 

 

276

 

 

 

$

13,592

 

 

$

131

 

 

$

32,510

 

 

$

7,091

 

 

$

46,102

 

 

$

7,222

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 months

 

 

12 months or more

 

 

Total

 

 

 

Fair Value

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

 

Gross
Unrealized
Losses

 

 

 

December 31, 2024

 

 

 

(in thousands)

 

Obligations of U.S. government corporations and agencies

 

$

 

 

$

 

 

$

7,668

 

 

$

530

 

 

$

7,668

 

 

$

530

 

Mortgage-backed securities

 

 

 

 

 

 

 

 

104,967

 

 

 

22,094

 

 

 

104,967

 

 

 

22,094

 

Obligations of states and political subdivisions

 

 

 

 

 

 

 

 

4,645

 

 

 

275

 

 

 

4,645

 

 

 

275

 

Subordinated debt

 

 

 

 

 

 

 

 

3,550

 

 

 

700

 

 

 

3,550

 

 

 

700

 

 

 

$

 

 

$

 

 

$

120,830

 

 

$

23,599

 

 

$

120,830

 

 

$

23,599

 

Schedule Composition Of Restricted Investments

The composition of restricted investments at December 31, 2025 and December 31, 2024 was as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Federal Reserve Bank Stock

 

$

344

 

 

$

344

 

Federal Home Loan Bank Stock

 

 

3,302

 

 

 

7,073

 

Community Bankers’ Bank Stock

 

 

140

 

 

 

140

 

 

 

$

3,786

 

 

$

7,557