v3.25.2
SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale
The following tables present the amortized cost and estimated fair value of securities available for sale as of June 30, 2025 and December 31, 2024 (in thousands):
 June 30, 2025
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
Mortgage-backed securities, residential$306,638 $27 $52,113 $— $254,552 
Obligations of states and political subdivisions11,644 — 667 — 10,977 
Corporate bonds and notes24,750 — 2,944 — 21,806 
Total$343,032 $27 $55,724 $— $287,335 

 December 31, 2024
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
U.S. Treasury notes and bonds$59,880 $— $2,974 $— $56,906 
Mortgage-backed securities, residential441,191 14 75,271 — 365,934 
Obligations of states and political subdivisions37,059 — 1,554 — 35,505 
Corporate bonds and notes25,750 — 3,734 — 22,016 
SBA loan pools53,391 35 2,345 — 51,081 
Total$617,271 $49 $85,878 $— $531,442 
For the Three and Six Months Ended
 June 30, 2025
Proceeds from sales$227,305 
Gross realized gains14 
Gross realized (losses)(17,513)
Tax expense (benefit)(4,261)
Schedule of Amortized Cost and Estimated Fair Value of Securities Held to Maturity
The following tables present the amortized cost and estimated fair value of securities held to maturity as of June 30, 2025 and December 31, 2024 (in thousands):
 June 30, 2025
 Amortized CostUnrecognized GainsUnrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$680 $— $— $— $680 

 December 31, 2024
 Amortized CostUnrecognized GainsUnrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$808 $— $— $— $808 
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity
The amortized cost and estimated fair value of debt securities are shown below by contractual maturity (in thousands). Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
June 30, 2025
Available for SaleHeld to Maturity
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Within one year$1,600 $1,596 $200 $200 
After one, but within five years3,042 2,738 — — 
After five, but within ten years31,486 28,209 480 480 
After ten years266 240 — — 
36,394 32,783 680 680 
Mortgage-backed securities, residential306,638 254,552 — — 
Total$343,032 $287,335 $680 $680 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables summarize the investment securities available for sale with unrealized losses as of June 30, 2025 and December 31, 2024 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands):
 Less than 12 months12 months or longerTotal
June 30, 2025Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Mortgage-backed securities, residential$— $— $249,558 $52,113 $249,558 $52,113 
Obligations of states and political subdivisions— — 10,977 667 10,977 667 
Corporate bonds and notes2,938 62 16,869 2,882 19,807 2,944 
Total$2,938 $62 $277,404 $55,662 $280,342 $55,724 

 Less than 12 months12 months or longerTotal
December 31, 2024Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasury notes and bonds$— $— $56,906 $2,974 $56,906 $2,974 
Mortgage-backed securities, residential5,006 111 359,722 75,160 364,728 75,271 
Obligations of states and political subdivisions107 3 35,398 1,551 35,505 1,554 
Corporate bonds and notes1,921 79 20,095 3,655 22,016 3,734 
SBA loan pools564 1 46,018 2,344 46,582 2,345 
Total$7,598 $194 $518,139 $85,684 $525,737 $85,878