NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY Notes to the Consolidated Financial Statements
NOTE 3. INVESTMENT SECURITIES( Continued)
US Government Agency Bonds Due after 5 years through 10 years
Collateralized Mortgage Obligations Due less than 1 year Due after 1 years through 5 years Due after 10 Years Total Collateralized Mtg. Obligations
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
436,996 1,926,577 42,422,771
2,038,839
3,979,721
Gross Unrealized Gains
Gross Unrealized Losses
December 31, 2024
14,570
$ 13,132,649
Fair Value
2,456 4,410,953 25,595,313
The amortized cost and fair value of debt securities held-to-maturity are summarized as follows:
- 44,786,344- 6,017,037 38,769,307
27,964,971 30,003,810
-
508 436,488
87,362
$
1,912,007
1,951,477 23,643,836
1,000,000- 110 999,890
$ 98,244,663 $ 2,456
3,917,038 15,474,788- 2,100,076 13,374,712 19,454,509-
$
-
--
- 2,456
$
541,790
6,001,959 36,420,812
4,323,591
62,683
2,162,759 17,291,750
$
2,458,210
85,114,470
Municipal Bonds Due less than 1 year Due 1 to 5 years Due after 5 years through 10 years Due after 10 years Total Municipal Bonds
Municipal Taxable Bonds Due after 5 years through 10 years
Subordinated Notes Due after 5 years through 10 years Due after 10 years Total Subordinated Notes Total Held-to-Maturity Securities
Amortized Cost
4,668,904
47,990,941
735,000
Gross Unrealized Gains December 31, 2025
3,000,000--
-
235,571 238,310
Gross Unrealized Losses
$ 1,146,830 $ 270 $-
3,799,997 2,469 38,375,210
19,007
2,000,000-
$
4,523
145,217 2,400,683 2,550,423
1,000,000--
$ 51,725,941 $ 257,317
$
1,147,100
- 754,007
-
2,550,423
Fair Value
4,664,381 3,657,249 36,210,098 45,678,828
1,000,000 2,000,000 3,000,000
$ 49,432,835
34 | 2025 NWSB Annual Report