NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY Notes to the Consolidated Financial Statements
NOTE 3. INVESTMENT SECURITIES( Continued)
Municipal Bonds 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
1,812,867 2,151,260 22,472,173 26,436,300
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value
22,883,191
735,000- 7,422 727,578
500,000 2,500,000 3,000,000
$ 30,171,300
$
December 31, 2024
-
- 10,408 10,408
---
$ 2,191 $ 1,810,676
85,745 3,475,581 3,563,517
$ 10,408 $ 3,570,939
--
2,065,515 19,007,000
- 500,000 2,500,000 3,000,000
$ 26,610,769
Unrealized Loss Disclosures
The following table shows the gross unrealized losses and fair value of available-for-sale securities, for which an allowance for credit loss has not been recorded, aggregated by category and length of time that securities have been in a continuous unrealized loss position:
Debt Securities Available-for-Sale US Gov. Agency Bonds Collateralized Mort. Oblig. Mort. Backed Securities SBAP Certificates
$
Less than 12 Months
Fair Value
- 5,306,035
1,970,603
$
Unrealized Losses
21,021
5,159
Fair Value
28,796,823
$ 7,276,638 $ 26,180 $ 92,446,625
- $
December 31, 2025 12 Months or Greater
2,644,980
38,018,043 22,986,779
Unrealized
$
$
Losses
355,020 4,574,579
9,317,019
$
Fair Value
34,102,858
99,723,263
Total
$
$
Losses
355,020
4,595,600 2,953,886 38,018,043 2,953,886 1,433,534
$
2,644,980
24,957,382
Unrealized
1,438,693 9,343,199
Debt Securities Available-for-Sale |
US Gov. Agency Bonds Collateralized Mort. Oblig. Mort. Backed Securities Municipal Taxable Bonds SBAP Certificates |
$ |
-
5,831,960
5,747,865
999,890
3,917,038
|
$ 16,496,753 |
$- $ 2,458,210
$
92,398 268,920
December 31, 2024
110-
-
62,683 13,374,712 424,111
32,937,347
$ 67,321,154
$ 541,790 $ 2,458,210 5,924,639
18,550,885 4,142,033
2,100,076
38,769,307 24,298,750
999,890 17,291,750
$
541,790 6,017,037 4,410,953
110 2,162,759
$ 12,708,538 $ 83,817,907 $ 13,132,649
There was no allowance for credit losses on available-for-sale securities or held-to-maturity securities as of December 31, 2025 and 2024.
2025 NWSB Annual Report | 35