Annual report pursuant to Section 13 and 15(d)

Note 2 - Securities (Tables)

v3.24.1
Note 2 - Securities (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]

December 31, 2023

 

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

  $ 2,973     $     $ 1,292     $     $     $ 4,265  

1 to 5 years

          4,769       1,461       8,976       12,919       28,125  

5 to 10 years

          4,337       882       19,777       9,756       34,752  

After 10 years

                9,935       1,598       3,460       14,993  

Fair value

  $ 2,973     $ 9,106     $ 13,570     $ 30,351     $ 26,135     $ 82,135  

Gross unrealized gains

                1                   1  

Gross unrealized losses

    (22 )     (1,128 )     (1,882 )     (4,533 )     (3,938 )     (11,503 )

Amortized cost

  $ 2,995     $ 10,234     $ 15,451     $ 34,884     $ 30,073     $ 93,637  

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  
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, 2023

 

Value

   

Losses

   

Value

   

Losses

   

Value

   

Losses

 
      (Dollars in thousands)

U.S. Treasuries

  $     $     $ 2,973     $ 22     $ 2,973     $ 22  

U.S. government agency obligations

                9,106       1,128       9,106       1,128  

Municipal obligations

    279       1       12,796       1,881       13,075       1,882  

Mortgage-backed residential obligations

                30,351       4,533       30,351       4,533  

Collateralized mortgage obligations

                26,135       3,938       26,135       3,938  

Total

  $ 279     $ 1     $ 81,361     $ 11,502     $ 81,640     $ 11,503  

December 31, 2022

                                               

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  
Schedule of Realized Gain (Loss) [Table Text Block]
   

At December 31,

 
   

2023

   

2022

 
   

(Dollars in thousands)

 

Sales of securities available for sale

  $ 28,509     $  

Gross gain realized on the sale of securities available for sale

           

Gross loss realized on the sale of securities available for sale

    (1,794 )