Annual report pursuant to Section 13 and 15(d)

Note 2 - Securities (Tables)

v3.23.1
Note 2 - Securities (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]

December 31, 2022

 

U.S. Treasuries

   

U.S. government agency obligations

   

Municipal obligations

   

Mortgage-backed residential obligations

   

Collateralized mortgage obligations

   

Total available-for-sale

 
           

(Dollars in thousands)

 

1 year or less

  $ 2,433     $ 1,007     $ 528     $     $     $ 3,968  

1 to 5 years

    4,855       11,511       5,394       20,033       22,809       64,602  

5 to 10 years

          8,872       2,655       15,046       11,848       38,421  

After 10 years

                11,060       659       2,495       14,214  

Fair value

  $ 7,288     $ 21,390     $ 19,637     $ 35,738     $ 37,152     $ 121,205  

Gross unrealized gains

                6                   6  

Gross unrealized losses

    (155 )     (1,870 )     (2,972 )     (5,464 )     (5,105 )     (15,566 )

Amortized cost

  $ 7,443     $ 23,260     $ 22,603     $ 41,202     $ 42,257     $ 136,765  

December 31, 2021

  U.S. government agency obligations    

Municipal obligations

   

Mortgage-backed residential obligations

   

Collateralized mortgage obligations

    Total available-for-sale  
      (Dollars in thousands)

1 year or less

  $     $ 1,631     $ 356     $ 1,064     $ 3,051  

1 to 5 years

    5,587       3,941       29,375       16,097       55,000  

5 to 10 years

    4,466       2,244       12,417       11,976       31,103  

After 10 years

          10,184             1,612       11,796  

Fair value

  $ 10,053     $ 18,000     $ 42,148     $ 30,749     $ 100,950  

Gross unrealized gains

    73       423       259       279       1,034  

Gross unrealized losses

    (78 )     (14 )     (612 )     (443 )     (1,147 )

Amortized cost

  $ 10,058     $ 17,591     $ 42,501     $ 30,913     $ 101,063  
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]
   

Less than 12 Months

   

12 Months or Longer

   

Total

 
   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

December 31, 2022

 

Value

   

Losses

   

Value

   

Losses

   

Value

   

Losses

 
      (Dollars in thousands)

U.S. Treasuries

  $ 7,288     $ 155     $     $     $ 7,288     $ 155  

U.S. government agency obligations

    17,274       1,296       4,116       574       21,390       1,870  

Municipal obligations

    16,823       2,349       2,037       623       18,860       2,972  

Mortgage-backed residential obligations

    14,365       1,618       21,373       3,846       35,738       5,464  

Collateralized mortgage obligations

    21,449       2,014       15,703       3,091       37,152       5,105  

Total

  $ 77,199     $ 7,432     $ 43,229     $ 8,134     $ 120,428     $ 15,566  

December 31, 2021

                                               

U.S. government agency obligations

  $ 4,020     $ 62     $ 1,105     $ 16     $ 5,125     $ 78  

Municipal obligations

    2,399       8       247       6       2,646       14  

Mortgage-backed residential obligations

    26,540       535       2,781       77       29,321       612  

Collateralized mortgage obligations

    16,715       338       4,386       105       21,101       443  

Total

  $ 49,674     $ 943     $ 8,519     $ 204     $ 58,193     $ 1,147  
Schedule of Realized Gain (Loss) [Table Text Block]
   

At December 31,

 
   

2022

   

2021

 
   

(Dollars in thousands)

 

Sales of securities available for sale

  $     $ 6,769  

Gross gain realized on the sale of securities available for sale

          131  

Gross loss realized on the sale of securities available for sale