XML 39 R29.htm IDEA: XBRL DOCUMENT v3.24.3
INVESTMENT SECURITIES (Tables)
9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and estimated fair values of securities available-for-sale

    

    

Gross

    

Gross

Amortized

unrealized

unrealized

Estimated

cost

gains

losses

fair value

September 30, 2024

  

 

  

 

  

  

U.S. Government Agencies

$

2,059

$

$

(14)

$

2,045

Municipal securities

23,671

188

(996)

22,863

Mortgage-backed securities

 

51,459

 

322

 

(2,706)

 

49,075

Collateralized mortgage obligations

 

46,803

 

439

 

(1,726)

 

45,516

SBA securities

 

4,210

 

37

 

(52)

 

4,195

Corporate bonds

 

81,228

 

4

 

(11,164)

 

70,068

Total

$

209,430

$

990

$

(16,658)

$

193,762

    

    

Gross

    

Gross

Amortized

unrealized

unrealized

Estimated

cost

gains

losses

fair value

December 31, 2023

  

 

  

 

  

  

Municipal securities

$

21,910

$

75

$

(1,158)

$

20,827

Mortgage-backed securities

 

41,048

 

194

 

(3,641)

 

37,601

Collateralized mortgage obligations

 

35,019

 

256

 

(2,299)

 

32,976

SBA securities

 

5,280

 

49

 

(77)

 

5,252

Corporate bonds

 

80,383

 

7

 

(13,894)

 

66,496

Total

$

183,640

$

581

$

(21,069)

$

163,152

Schedule of investments classified by contractual maturity date

September 30, 2024

December 31, 2023

    

Amortized

    

Estimated

    

Amortized

    

Estimated

cost

fair value

cost

fair value

Securities AFS

 

  

 

  

 

  

 

  

Due in one year or less

$

37,997

$

37,503

$

6,397

$

6,338

Due after one through five years

 

85,096

 

73,729

 

15,909

 

14,206

Due after five years through ten years

 

25,493

 

23,600

 

102,430

 

87,867

Due after ten years

 

60,844

 

58,930

 

58,904

 

54,741

Total

$

209,430

$

193,762

$

183,640

$

163,152

Schedule of available-for-sale securities, continuous unrealized loss position, fair value

Less than 12 months

12 months or more

Total

    

Estimated

    

Unrealized

    

Estimated

    

Unrealized

    

Estimated

    

Unrealized

fair value

loss

fair value

loss

fair value

loss

September 30, 2024

  

 

  

 

  

 

  

 

  

 

  

U.S. Government Agencies

$

2,045

$

(14)

$

$

$

2,045

$

(14)

Municipal securities

1,555

(2)

13,458

(994)

15,013

(996)

Mortgage-backed securities

5,402

(44)

21,547

(2,662)

26,949

(2,706)

Collateralized mortgage obligations

 

11,955

(97)

13,228

(1,629)

 

25,183

 

(1,726)

SBA securities

 

829

(5)

621

(47)

 

1,450

 

(52)

Corporate bonds

 

7,996

(404)

60,568

(10,760)

 

68,564

 

(11,164)

Total

$

29,782

$

(566)

$

109,422

$

(16,092)

$

139,204

$

(16,658)

Less than 12 months

12 months or more

Total

    

Estimated

    

Unrealized

    

Estimated

    

Unrealized

    

Estimated

    

Unrealized

fair value

loss

fair value

loss

fair value

loss

December 31, 2023

  

 

  

 

  

 

  

 

  

 

  

Municipal securities

$

2,483

$

(28)

$

13,975

$

(1,130)

$

16,458

$

(1,158)

Mortgage-backed securities

 

1,369

 

(30)

 

26,435

 

(3,611)

 

27,804

 

(3,641)

Collateralized mortgage obligations

 

1,496

 

(8)

 

20,713

 

(2,291)

 

22,209

 

(2,299)

SBA securities

 

 

 

1,610

 

(77)

 

1,610

 

(77)

Corporate bonds

 

 

 

65,505

 

(13,894)

 

65,505

 

(13,894)

Total

$

5,348

$

(66)

$

128,238

$

(21,003)

$

133,586

$

(21,069)