SECURITIES (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| SECURITIES |
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| Schedule of amortized cost and fair value of securities available for sale |
The amortized cost and fair value of securities available for sale at December 31 are as follows (in thousands): | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | Amortized | | Unrealized | | Unrealized | | | | | Cost | | Gains | | Losses | | Fair Value | 2025 | | | | | | | | | | | | | U.S. Treasury Securities | | $ | 2,955 | | $ | 6 | | $ | — | | $ | 2,961 | State and political subdivisions | | | 12,204 | | | — | | | (185) | | | 12,019 | Mortgage-backed securities (“MBSs”) – residential | | | 45,721 | | | 708 | | | (382) | | | 46,047 | Collateralized mortgage obligations (“CMOs”) | | | 97 | | | — | | | (44) | | | 53 | Corporate securities | | | 5,484 | | | — | | | (2) | | | 5,482 | Total securities available for sale | | $ | 66,461 | | $ | 714 | | $ | (613) | | $ | 66,562 |
| | | | | | | | | | | | | | | | | Gross | | Gross | | | | | Amortized | | Unrealized | | Unrealized | | | | | Cost | | Gains | | Losses | | Fair Value | 2024 | | | | | | | | | | | | | U.S. Treasury Securities | | $ | 5,971 | | $ | 16 | | $ | — | | $ | 5,987 | State and political subdivisions | | | 13,506 | | | — | | | (659) | | | 12,847 | Mortgage-backed securities (“MBSs”) – residential | | | 51,914 | | | 257 | | | (1,079) | | | 51,092 | Collateralized mortgage obligations (“CMOs”) | | | 97 | | | 1 | | | (39) | | | 59 | Corporate securities | | | 6,970 | | | — | | | (1) | | | 6,969 | Total securities available for sale | | $ | 78,458 | | $ | 274 | | $ | (1,778) | | $ | 76,954 |
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| Schedule of contractual maturity of debt securities available for sale |
As of December 31, 2025, the contractual maturity of debt securities available for sale (MBSs and CMOs are shown separately) at amortized cost and approximate fair value is as follows (in thousands): | | | | | | | | | Amortized | | | | | | Cost | | Fair Value | Within one year | | $ | 2,955 | | $ | 2,962 | After one year to five years | | | 8,248 | | | 8,186 | After five years to ten years | | | 9,440 | | | 9,314 | Over ten years | | | — | | | — | Total debt securities | | | 20,643 | | | 20,462 | MBSs and CMOs | | | 45,818 | | | 46,100 | Total | | $ | 66,461 | | $ | 66,562 |
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| Schedule of debt securities available for sale in a continuous unrealized loss position |
The following table provides the gross unrealized losses and fair value, aggregated by investment category and length of time individual securities have been in a continuous unrealized loss position at December 31 (in thousands). | | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or longer | | Total | | | | | Gross | | | | Gross | | | | | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | 2025 | | | | | | | | | | | | | | | | | | | U.S. Treasury Securities | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | State and political subdivisions | | | — | | | — | | | 11,816 | | | (185) | | | 11,816 | | | (185) | MBSs | | | — | | | — | | | 16,133 | | | (382) | | | 16,133 | | | (382) | CMOs | | | — | | | — | | | 53 | | | (44) | | | 53 | | | (44) | Corporate Securities | | | 2,482 | | | (2) | | | — | | | — | | | 2,482 | | | (2) | | | $ | 2,482 | | $ | (2) | | $ | 28,002 | | $ | (611) | | $ | 30,484 | | $ | (613) |
| | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or longer | | Total | | | Estimated | | Unrealized | | Estimated | | Unrealized | | Estimated | | Unrealized | | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | 2024 | | | | | | | | | | | | | | | | | | | Treasury | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | State and political subdivisions | | | 3,968 | | | (135) | | | 8,879 | | | (524) | | | 12,847 | | | (659) | MBSs | | | 24,928 | | | (411) | | | 11,074 | | | (668) | | | 36,002 | | | (1,079) | CMOs | | | — | | | — | | | 58 | | | (39) | | | 58 | | | (39) | Corporate Securities | | | — | | | — | | | 2,469 | | | (1) | | | 2,469 | | | (1) | | | $ | 28,896 | | $ | (546) | | $ | 22,480 | | $ | (1,232) | | $ | 51,376 | | $ | (1,778) |
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