Securities (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Securities |
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| Schedule of Available-for-sale Securities Reconciliation |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Available-for-sale: | | Cost | | Gains | | Losses | | Value | U.S. Treasury | | $ | 31,688 | | $ | — | | $ | (2,059) | | $ | 29,629 | U.S. Government-sponsored enterprises (GSEs) | | | 19,012 | | | 127 | | | (75) | | | 19,064 | Municipal securities | | | 35,376 | | | 542 | | | (253) | | | 35,665 | Other debt securities | | | 21,673 | | | 219 | | | (892) | | | 21,000 | Mortgage-backed securities (GSEs) | | | 443,759 | | | 2,990 | | | (12,225) | | | 434,524 | Total | | $ | 551,508 | | $ | 3,878 | | $ | (15,504) | | $ | 539,882 |
| | | | | | | | | | | | | | | December 31, 2024 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Available-for-sale: | | Cost | | Gains | | Losses | | Value | U.S. Treasury | | $ | 83,330 | | $ | — | | $ | (7,104) | | $ | 76,226 | U.S. Government-sponsored enterprises (GSEs) | | | 38,917 | | | 453 | | | (182) | | | 39,188 | Municipal securities | | | 18,277 | | | — | | | (587) | | | 17,690 | Other debt securities | | | 41,321 | | | 252 | | | (2,138) | | | 39,435 | Mortgage-backed securities (GSEs) | | | 330,839 | | | 515 | | | (21,565) | | | 309,789 | Total | | $ | 512,684 | | $ | 1,220 | | $ | (31,576) | | $ | 482,328 |
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| Schedule of Held-to-maturity Securities Reconciliation |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Held-to-maturity: | | Cost | | Gains | | Losses | | Value | U.S. Government-sponsored enterprises (GSEs) | | $ | 46,864 | | $ | — | | $ | (5,017) | | $ | 41,847 | Municipal securities | | | 50,516 | | | — | | | (4,945) | | | 45,571 | Mortgage-backed securities (GSEs) | | | 24,741 | | | — | | | (2,743) | | | 21,998 | Total | | $ | 122,121 | | $ | — | | $ | (12,705) | | $ | 109,416 |
| | | | | | | | | | | | | | | December 31, 2024 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Held-to-maturity: | | Cost | | Gains | | Losses | | Value | U.S. Government-sponsored enterprises (GSEs) | | $ | 48,112 | | $ | — | | $ | (7,335) | | $ | 40,777 | Municipal securities | | | 51,652 | | | — | | | (7,037) | | | 44,615 | Mortgage-backed securities (GSEs) | | | 26,895 | | | — | | | (4,207) | | | 22,688 | Total | | $ | 126,659 | | $ | — | | $ | (18,579) | | $ | 108,080 |
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| Investments Classified by Contractual Maturity Date |
The amortized cost and estimated market value of securities by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | December 31, 2025 | | | Amortized | | Fair | Available-for-sale: | | Cost | | Value | Due in one year or less | | $ | 1,595 | | $ | 1,588 | Due from one year to five years | | | 41,938 | | | 39,836 | Due from five years to ten years | | | 39,283 | | | 38,635 | Due after ten years | | | 24,933 | | | 25,299 | | | | 107,749 | | | 105,358 | Mortgage-backed securities | | | 443,759 | | | 434,524 | Total | | $ | 551,508 | | $ | 539,882 | | | | | | | | Held-to-maturity: | | | | | | | Due in one year or less | | $ | — | | $ | — | Due from one year to five years | | | 19,863 | | | 18,514 | Due from five years to ten years | | | 41,905 | | | 37,077 | Due after ten years | | | 35,612 | | | 31,827 | | | | 97,380 | | | 87,418 | Mortgage-backed securities | | | 24,741 | | | 21,998 | Total | | $ | 122,121 | | $ | 109,416 |
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| Schedule of Unrealized Loss on Investments |
The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale and securities held-to-maturity have been in a continuous unrealized loss position, as of December 31, 2025 and 2024 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Available-for-sale: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Treasury | | $ | — | | $ | — | | — | | $ | 29,629 | | $ | (2,059) | | 4 | | $ | 29,629 | | $ | (2,059) | | 4 | U.S. Government-sponsored enterprises (GSEs) | | | 4,986 | | | (1) | | 2 | | | 5,366 | | | (74) | | 3 | | | 10,352 | | | (75) | | 5 | Municipal securities | | | 6,184 | | | (113) | | 4 | | | 9,110 | | | (140) | | 12 | | | 15,294 | | | (253) | | 16 | Other debt securities | | | — | | | — | | — | | | 12,608 | | | (892) | | 11 | | | 12,608 | | | (892) | | 11 | Mortgage-backed securities (GSEs) | | | 111,336 | | | (713) | | 42 | | | 133,449 | | | (11,512) | | 66 | | | 244,785 | | | (12,225) | | 108 | Total | | $ | 122,506 | | $ | (827) | | 48 | | $ | 190,162 | | $ | (14,677) | | 96 | | $ | 312,668 | | $ | (15,504) | | 144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Held-to-maturity: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Government-sponsored enterprises (GSEs) | | $ | — | | $ | — | | — | | $ | 41,847 | | $ | (5,017) | | 13 | | $ | 41,847 | | $ | (5,017) | | 13 | Municipal securities | | | 3,493 | | | (259) | | 4 | | | 42,078 | | | (4,686) | | 33 | | | 45,571 | | | (4,945) | | 37 | Mortgage-backed securities (GSEs) | | | — | | | — | | — | | | 21,998 | | | (2,743) | | 5 | | | 21,998 | | | (2,743) | | 5 | Total | | $ | 3,493 | | $ | (259) | | 4 | | $ | 105,923 | | $ | (12,446) | | 51 | | $ | 109,416 | | $ | (12,705) | | 55 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Available-for-sale: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Treasury | | $ | — | | $ | — | | — | | $ | 76,226 | | $ | (7,104) | | 9 | | $ | 76,226 | | $ | (7,104) | | 9 | U.S. Government-sponsored enterprises (GSEs) | | | 9,069 | | | (80) | | 4 | | | 4,813 | | | (102) | | 4 | | | 13,882 | | | (182) | | 8 | Municipal securities | | | 5,579 | | | (59) | | 8 | | | 11,322 | | | (528) | | 17 | | | 16,901 | | | (587) | | 25 | Other debt securities | | | 4,425 | | | (36) | | 3 | | | 28,294 | | | (2,102) | | 24 | | | 32,719 | | | (2,138) | | 27 | Mortgage-backed securities (GSEs) | | | 80,111 | | | (939) | | 39 | | | 160,129 | | | (20,626) | | 83 | | | 240,240 | | | (21,565) | | 122 | Total | | $ | 99,184 | | $ | (1,114) | | 54 | | $ | 280,784 | | $ | (30,462) | | 137 | | $ | 379,968 | | $ | (31,576) | | 191 | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Held-to-maturity: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Government-sponsored enterprises (GSEs) | | $ | — | | $ | — | | — | | $ | 40,777 | | $ | (7,335) | | 13 | | $ | 40,777 | | $ | (7,335) | | 13 | Municipal securities | | | — | | | — | | — | | | 44,615 | | | (7,037) | | 35 | | | 44,615 | | | (7,037) | | 35 | Mortgage-backed securities (GSEs) | | | — | | | — | | — | | | 22,688 | | | (4,207) | | 5 | | | 22,688 | | | (4,207) | | 5 | Total | | $ | — | | $ | — | | — | | $ | 108,080 | | $ | (18,579) | | 53 | | $ | 108,080 | | $ | (18,579) | | 53 |
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| Schedule of Other Investments |
The following is the amortized cost and carrying value of other investments (in thousands): | | | | | | | | | December 31, | | December 31, | | | 2025 | | 2024 | Federal Reserve Bank stock | | $ | 10,981 | | $ | 9,045 | Federal Home Loan Bank stock | | | 5,110 | | | 5,345 | First National Bankers Bank stock | | | 350 | | | 350 | Total | | $ | 16,441 | | $ | 14,740 |
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