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INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Available-for-Sale Securities
The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of December 31, 2022 and December 31, 2021, respectively, were as follows:
Available for sale securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2022
U.S. government agency obligations$18,373 $173 $233 $18,313 
Obligations of states and political subdivisions— — — — 
Mortgage-backed securities97,458 — 18,848 78,610 
Corporate debt securities44,636 — 4,385 40,251 
Corporate asset-backed securities29,877 — 1,060 28,817 
Total available for sale securities$190,344 $173 $24,526 $165,991 
December 31, 2021
U.S. government agency obligations$25,826 $440 $$26,265 
Obligations of states and political subdivisions140 — — 140 
Mortgage-backed securities107,636 409 878 107,167 
Corporate debt securities35,342 403 157 35,588 
Corporate asset-backed securities33,902 133 127 33,908 
Total available for sale securities$202,846 $1,385 $1,163 $203,068 
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Held-to-Maturity Securities
Held to maturity securitiesAmortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2022
Obligations of states and political subdivisions$600 $— $54 $546 
Mortgage-backed securities95,779 19,553 76,233 
Total held to maturity securities$96,379 $$19,607 $76,779 
December 31, 2021
Obligations of states and political subdivisions$4,600 $— $$4,593 
Mortgage-backed securities66,541 104 2,061 64,584 
Total held to maturity securities$71,141 $104 $2,068 $69,177 
Schedule of Estimated Fair Value of Securities by Contractual Maturity
The estimated fair value of available for sale securities at December 31, 2022 and December 31, 2021, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities on mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Expected maturities may differ from contractual maturities on certain agency and securities due to the call feature.
December 31, 2022December 31, 2021
Available for sale securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due in one year or less$— $— $140 $140 
Due after one year through five years8,525 8,184 4,903 4,971 
Due after five years through ten years45,622 41,427 40,410 40,818 
Due after ten years38,739 37,770 49,757 49,972 
Total securities with contractual maturities92,886 87,381 95,210 95,901 
Mortgage-backed securities97,458 78,610 107,636 107,167 
Total available for sale securities$190,344 $165,991 $202,846 $203,068 

December 31, 2022December 31, 2021
Held to maturity securitiesAmortized
Cost
Estimated
Fair Value
Amortized
Cost
Estimated
Fair Value
Due after one year through five years$450 $415 $4,300 $4,298 
Due after five years through ten years150 131 300 295 
Total securities with contractual maturities600 546 4,600 4,593 
Mortgage-backed securities95,779 76,233 66,541 64,584 
Total held to maturity securities$96,379 $76,779 $71,141 $69,177 
Schedule of Available-for-Sale Securities with Unrealized Losses
Securities with unrealized losses at December 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:
 
 Less than 12 Months12 Months or MoreTotal
Available for sale securitiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2022
U.S. government agency obligations$3,169 $138 $1,138 $95 $4,307 $233 
Mortgage-backed securities9,654 896 68,907 17,952 78,561 18,848 
Corporate debt securities21,547 1,688 18,704 2,697 40,251 4,385 
Corporate asset-backed securities7,955 221 20,862 839 28,817 1,060 
Total$42,325 $2,943 $109,611 $21,583 $151,936 $24,526 
December 31, 2021
U.S. government agency obligations$1,169 $$— $— $1,169 $
Mortgage-backed securities89,010 878 — — 89,010 878 
Corporate debt securities17,240 142 735 15 17,975 157 
Corporate asset-backed securities19,296 127 — — 19,296 127 
Total$126,715 $1,148 $735 $15 $127,450 $1,163 
Schedule of Held-to-Maturity Securities with Unrealized Losses
 Less than 12 Months12 Months or MoreTotal
Held to maturity securitiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2022
Obligations of states and political subdivisions$— $— $546 $54 $546 $54 
Mortgage-backed securities16,627 2,416 59,367 17,137 75,994 19,553 
Total $16,627 $2,416 $59,913 $17,191 $76,540 $19,607 
December 31, 2021
Obligations of states and political subdivisions$593 $$— $— $593 $
Mortgage-backed securities46,969 1,346 14,716 715 61,685 2,061 
Total$47,562 $1,353 $14,716 $715 $62,278 $2,068