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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Debt Securities Available-For-Sale
The amortized cost, gross unrealized gains and losses, and fair value of debt securities classified as available-for-sale at December 31, 2024 and 2023 were as follows:
Total
Amortized
Cost
Gross UnrealizedFair
Value
(dollars in thousands)GainsLosses
December 31, 2024
U.S. Treasury$4,937 $— $(22)$4,915 
U.S. government and federal agency obligations408 — (7)401 
U.S. government-sponsored enterprises13,020 11 (227)12,804 
Obligations of states and political subdivisions125,559 (23,080)102,486 
Mortgage-backed securities84,729 59 (6,678)78,110 
Other debt securities (a)19,419 49 (781)18,687 
Bank issued trust preferred securities (a)1,486 — (237)1,249 
Total available-for-sale securities$249,558 $126 $(31,032)$218,652 
December 31, 2023
U.S. Treasury$1,977 $$— $1,978 
U.S. government and federal agency obligations446 — (19)427 
U.S. government-sponsored enterprises22,042 16 (236)21,822 
Obligations of states and political subdivisions126,396 55 (19,566)106,885 
Mortgage-backed securities51,736 27 (6,123)45,640 
Other debt securities (a)11,825 22 (1,026)10,821 
Bank issued trust preferred securities (a)1,486 — (317)1,169 
Total available-for-sale securities$215,908 $121 $(27,287)$188,742 
(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.
Schedule of Amortized Cost and Fair Value of Debt Securities Classified as Available-For-Sale by Contractual Maturity Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties.
(dollars in thousands)Amortized
Cost
Fair
Value
Due in one year or less$4,275 $4,270 
Due after one year through five years19,715 19,480 
Due after five years through ten years37,506 34,431 
Due after ten years103,333 82,361 
Total164,829 140,542 
Mortgage-backed securities84,729 78,110 
Total available-for-sale securities$249,558 $218,652 
Schedule of Other Securities
(dollars in thousands)20242023
FHLB stock$4,924 $6,071 
MIB stock151 151 
Equity securities with readily determinable fair values74 78 
Total other investment securities$5,149 $6,300 
Schedule of Unrealized Losses
Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024 and December 31, 2023 were as follows:
Less than 12 months12 months or moreTotal
Fair
Value
Total
Unrealized
Losses
(dollars in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
At December 31, 2024
U.S. Treasury$4,915 $(22)$— $— $4,915 $(22)
U.S. government and federal agency obligations— — 401 (7)401 (7)
U.S. government-sponsored enterprises996 (5)1,778 (222)2,774 (227)
Obligations of states and political subdivisions2,791 (163)98,442 (22,917)101,233 (23,080)
Mortgage-backed securities37,759 (563)33,612 (6,115)71,371 (6,678)
Other debt securities4,900 (58)9,101 (723)14,001 (781)
Bank issued trust preferred securities— — 1,249 (237)1,249 (237)
Total$51,361 $(811)$144,583 $(30,221)$195,944 $(31,032)
(in thousands)
At December 31, 2023
      
U.S. Treasury$997 $— $— $— $997 $— 
U.S. government and federal agency obligations— — 427 (19)427 (19)
U.S. government-sponsored enterprises11,995 (8)1,772 (228)13,767 (236)
Obligations of states and political subdivisions1,501 (158)103,283 (19,408)104,784 (19,566)
Mortgage-backed securities2,935 (40)39,793 (6,083)42,728 (6,123)
Other debt securities— — 8,799 (1,026)8,799 (1,026)
Bank issued trust preferred securities— — 1,169 (317)1,169 (317)
Total$17,428 $(206)$155,243 $(27,081)$172,671 $(27,287)
Schedule of Components of Investment Securities Gains and Losses
The following table presents the gross realized gains and losses from sales and calls of available-for-sale securities, as well as gains and losses on equity securities from fair value adjustments which have been recognized in earnings:
(dollars in thousands)202420232022
Available-for-sale securities:
Gross realized gains$$$
Gross realized losses(11,562)
Credit losses recognized
Other investment securities:
Fair value adjustments, net(4)32(14)
Certificates of deposit:
Gross realized gains
Gross realized losses(17)
Investment securities (losses) gains, net$(4)$(11,547)$(14)