v3.25.2
Investment 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 and Held-to-Maturity
The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity along with gross unrealized gains and losses are summarized as follows:
(dollars in thousands)
June 30, 2025Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Available-for-Sale:
U.S. treasury securities$9,965 $— $— $9,965 
U.S. agency securities2,781 — (162)2,619 
Asset backed securities15,492 — (320)15,172 
State, county & municipal securities110,308 3 (14,143)96,168 
Corporate debt securities50,810 — (4,873)45,937 
Mortgage-backed securities220,556 711 (17,556)203,711 
Total$409,912 $714 $(37,054)$373,572 
June 30, 2025Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Held-to-Maturity:
U.S. treasury securities$75,758 $— $(1,546)$74,212 
U.S. agency securities16,084 — (856)15,228 
State, county & municipal securities137,392 — (15,378)122,014 
Mortgage-backed securities180,400 — (22,751)157,649 
Total$409,634 $— $(40,531)$369,103 
December 31, 2024Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Available-for-Sale:
U.S. treasury securities$3,173 $— $— $3,173 
U.S. agency securities3,001 — (246)2,755 
Asset backed securities17,925 17 (118)17,824 
State, county & municipal securities110,952 — (15,315)95,637 
Corporate debt securities53,324 1 (5,543)47,782 
Mortgage-backed securities221,005 207 (22,334)198,878 
Total$409,380 $225 $(43,556)$366,049 
December 31, 2024Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Held-to-Maturity:
U.S. treasury securities$91,004 $— $(2,828)$88,176 
U.S. agency securities16,151 — (1,263)14,888 
State, county & municipal securities137,190 — (15,915)121,275 
Mortgage-backed securities185,732 — (27,051)158,681 
Total$430,077 $— $(47,057)$383,020 
Schedule of Mortgage-Backed Securities This is often the case with mortgage-backed securities, which are disclosed separately in the table below.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$17,717 $17,636 $29,671 $29,523 
Due after one year through five years14,529 13,461 63,118 61,215 
Due after five years through ten years95,175 84,222 70,659 64,386 
Due after ten years61,935 54,542 65,786 56,330 
$189,356 $169,861 $229,234 $211,454 
Mortgage-backed securities220,556 203,711 180,400 157,649 
$409,912 $373,572 $409,634 $369,103 
Schedule Of Securities In A Continuous Loss Position
Information pertaining to available-for-sale securities with gross unrealized losses at June 30, 2025 and December 31, 2024 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows:
Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
June 30, 2025
U.S. treasury securities$9,965 $— $— $— $9,965 $— 
U.S. agency securities— — 2,619 (162)2,619 (162)
Asset backed securities7,045 (88)8,127 (232)15,172 (320)
State, county & municipal securities40,532 (6,276)55,092 (7,867)95,624 (14,143)
Corporate debt securities4,292 (459)37,145 (4,414)41,437 (4,873)
Mortgage-backed securities6,460 (83)149,678 (17,473)156,138 (17,556)
$68,294 $(6,906)$252,661 $(30,148)$320,955 $(37,054)
December 31, 2024
U.S. agency securities— — 2,755 (246)2,755 (246)
Asset backed securities3,715 (8)8,269 (110)11,984 (118)
State, county & municipal securities2,829 (294)92,808 (15,021)95,637 (15,315)
Corporate debt securities4,434 (720)42,847 (4,823)47,281 (5,543)
Mortgage-backed securities21,278 (430)160,343 (21,904)181,621 (22,334)
$32,256 $(1,452)$307,022 $(42,104)$339,278 $(43,556)
Information pertaining to held-to-maturity securities with gross unrealized losses at June 30, 2025 and December 31, 2024 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows:
Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
June 30, 2025
U.S. treasury securities$— $— $74,212 $(1,546)$74,212 $(1,546)
U.S. agency securities— — 15,228 (856)15,228 (856)
State, county & municipal securities46,291 (6,657)75,723 (8,721)122,014 (15,378)
Mortgage-backed securities— — 157,649 (22,751)157,649 (22,751)
$46,291 $(6,657)$322,812 $(33,874)$369,103 $(40,531)
December 31, 2024
U.S. treasury securities$— $— $88,176 $(2,828)$88,176 $(2,828)
U.S. agency securities— — 14,888 (1,263)14,888 (1,263)
State, county & municipal securities18,751 (374)102,524 (15,541)121,275 (15,915)
Mortgage-backed securities— — 158,681 (27,051)158,681 (27,051)
$18,751 $(374)$364,269 $(46,683)$383,020 $(47,057)