Investment Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investment Securities

Schedule of summary of investment securities

	At December 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Collateralized mortgage obligations	$	14,439	$	21	$	(2,402)	$	12,058
Agency mortgage-backed securities		44,252		—		(5,651)		38,601
Municipal securities		42,607		5		(10,201)		32,411
U.S. Government agency securities		31,368		—		(7,830)		23,538
Corporate securities		1,500		—		(159)		1,341
U.S. Treasury securities		—		—		—		—
Total securities available for sale	$	134,166	$	26	$	(26,243)	$	107,949

	At December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Collateralized mortgage obligations	$	15,962	$	8	$	(2,309)	$	13,661
Agency mortgage-backed securities		51,930		—		(5,816)		46,114
Municipal securities		42,990		4		(9,265)		33,729
U.S. Government agency securities		45,406		—		(7,712)		37,694
Corporate securities		1,500		—		(216)		1,284
U.S. Treasury securities		6,999		—		(54)		6,945
Total securities available for sale	$	164,787	$	12	$	(25,372)	$	139,427

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position

	At December 31, 2024
	Less than 12 months				12 months or more				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)	Value		Loss		Value		Loss		Value		Loss
Collateralized mortgage obligations	$	118	$	—	$	9,456	$	(2,402)	$	9,574	$	(2,402)
Agency mortgage-backed securities		66		(1)		38,535		(5,650)		38,601		(5,651)
Municipal securities		1,615		(20)		30,291		(10,181)		31,906		(10,201)
U.S. Government agency securities		—				23,538		(7,830)		23,538		(7,830)
Corporate securities		—		—		1,341		(159)		1,341		(159)
U.S. Treasury securities		—		—		—		—		—		—
	$	1,799	$	(21)	$	103,161	$	(26,222)	$	104,960	$	(26,243)

	At December 31, 2023
	Less than 12 months				12 months or more				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(dollars in thousands)	Value		Loss		Value		Loss		Value		Loss
Collateralized mortgage obligations	$	492	$	(1)	$	11,927	$	(2,308)	$	12,419	$	(2,309)
Agency mortgage-backed securities		5		—		46,109		(5,816)		46,114		(5,816)
Municipal securities		2,978		(39)		28,667		(9,226)		31,645		(9,265)
U.S. Government agency securities		220		(1)		37,474		(7,711)		37,694		(7,712)
Corporate securities		—		—		1,284		(216)		1,284		(216)
U.S. Treasury securities		—		—		6,944		(54)		6,944		(54)
	$	3,695	$	(41)	$	132,405	$	(25,331)	$	136,100	$	(25,372)

Schedule of contractual maturities of investment securities

	At December 31, 2024
	Amortized		Fair
(dollars in thousands)	Cost		Value
Due within one year	$	1,003	$	1,002
Due over one to five years		4,012		3,640
Due over five to ten years		16,288		13,790
Due over ten years		54,172		38,858
Collateralized mortgage obligations		14,439		12,058
Agency mortgage-backed securities		44,252		38,601
Total securities available for sale	$	134,166	$	107,949