NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY Notes to the Consolidated Financial Statements
NOTE 3.
INVESTMENT SECURITIES
Investment Securities by Type Disclosures
Investment Securities consisted of the following at December 31:
2025 2024
Debt Securities- Available-for-Sale Debt Securities- Held-to-Maturity Equity Securities Total Investments
US Government Agency Bonds Due after 1 years through 5 years
Collateralized Mortgage Obligations Due after 10 Years
Mortgage-Backed Securities Due after 5 years through 10 years Due after 10 Years Total Mortgage-Backed Securities
Municipal Taxable Bonds Due after 5 years through 10 years Small Business Admin. Program( SBAP) Due after 5 years through 10 years Due After 10 Years Total SBAP
Total Available-for-Sale Debt Securities
$
Amortized Cost
3,000,000
49,633,920
39,207,229
134,958
1,559,372-
40,766,601
910,000
5,921,532 20,397,406
$ |
111,720,808 |
$ |
85,114,470 |
|
51,725,941 |
|
30,171,300 |
|
957,830 |
|
916,650 |
$ 164,404,579
Gross Unrealized Gains
$
-
205,328
17,126
4,595,600
33,145 1,526,227 205,328 2,920,741 36,491,816
28,091 49,045
355,020
2,953,886
2,644,980
38,018,043
927,126
1,433,534 19,012,917
$ 120,629,459 $ 434,548 $ 9,343,199 $ 111,720,808
$
$ 116,202,420
During 2025, held-to-maturity securities acquired as part of the merger, with a net carrying value of $ 34,497,129, were sold for $ 34,497,129, resulting in no gain or loss. During 2024, available-for-sale securities with a net carrying value of $ 7,494,335 were sold for proceeds of $ 6,552,930, resulting in a recognized loss of $ 971,405. During 2024, Visa B shares with no carrying value were sold for proceeds of $ 1,002,440.
The amortized cost and fair value of debt securities available-for-sale are presented by contractual maturity shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
Gross Unrealized Losses
December 31, 2025
$
Fair Value
45,173,278
5,159 5,944,464
26,318,938 77,136 1,438,693 24,957,381
-
2025 NWSB Annual Report | 33