v3.25.2
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Debt Securities, Trading, and Equity Securities, FV-NI
The following table summarizes investment securities (in thousands):
 June 30, 2025December 31, 2024
Trading securities — at fair value:  
U.S. treasury obligations$109,419 $28,511 
Mutual funds14,900 13,627 
Money market funds123 110 
Equity securities168 8 
Debt securities29 11 
Total trading securities$124,639 $42,267 
Held-to-maturity securities — at amortized cost:
U.S. government notes$15,323 $15,214 
Total held-to-maturity securities$15,323 $15,214 
Total investment securities$139,962 $57,481 
Maturities of securities held-to-maturity
At June 30, 2025, the held-to-maturity securities were scheduled to mature as follows (in thousands):
Within one yearAfter one but within five yearsAfter five but within ten yearsAfter ten yearsTotal
U.S. government notes — at amortized cost$5,071 $10,252 $— $— $15,323 
U.S. government notes — at fair value$5,064 $10,331 $— $— $15,395