Investment Securities (Tables)

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of investment securities are as follows:


	2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale

SBA Pools	$	3,473	$	—	$	(349)	$	3,124
Federal agencies	15,000		—		(939)		14,061
State and municipal obligations	157,102		160		(25,444)		131,818
Mortgage-backed securities - government-sponsored enterprises (GSE) residential	108,586		93		(15,574)		93,105
Corporate obligations	11,500		—		(1,693)		9,807

	295,661		253		(43,999)		251,915
Held to maturity
State and municipal obligations	2,748		7		(38)		2,717
	2,748		7		(38)		2,717

Total investment securities	$	298,409	$	260	$	(44,037)	$	254,632


	2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available for sale
U.S. treasury securities	$	3,159	$	2	$	—	$	3,161
SBA Pools	4,243		—		(543)		3,700
Federal agencies	15,000		—		(1,666)		13,334
State and municipal obligations	162,524		1		(32,166)		130,359
Mortgage-backed securities – government-sponsored enterprises (GSE) residential	119,748		5		(21,440)		98,313
Corporate obligations	11,500		—		(2,175)		9,325

	316,174		8		(57,990)		258,192
Held to maturity
State and municipal obligations	3,498		8		(85)		3,421
	3,498		8		(85)		3,421

Total investment securities	$	319,672	$	16	$	(58,075)	$	261,613

Schedule of Investments Classified by Contractual Maturity Date

The amortized cost and fair value of investment securities at December 31, 2025, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.


	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
One year or less	$	1,476	$	1,466	$	725	$	725
After one to five years	23,414		22,496		963		963
After five to ten years	48,846		44,566		450		450
After ten years	113,339		90,282		610		579
	187,075		158,810		2,748		2,717
Mortgage-backed securities –GSE residential	108,586		93,105		—		—


Totals	$	295,661	$	251,915	$	2,748	$	2,717

Schedule of Amortized Cost of Held To Maturity Securities by Credit Quality Indicator

The following table summarizes the amortized cost of investment securities held to maturity by credit quality indicator as of December 31, 2025 and 2024:


	State and municipal obligations
	2025		2024
AA+	$	350	$	483

AA-	—		295
A+	375		605

Not rated	2,023		2,115

	$	2,748	$	3,498

Schedule of Unrealized Gain (Loss) on Investments

The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2025 and 2024:


	2025
	Less Than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for sale

SBA Pools	$	89	$	—	$	2,856	$	(349)	$	2,945	$	(349)
Federal agencies	—		—		14,061		(939)		14,061		(939)
State and municipal obligations	—		—		127,699		(25,444)		127,699		(25,444)
Mortgage-backed securities – GSE residential	907		(4)		88,088		(15,570)		88,995		(15,574)
Corporate obligations	—		—		9,807		(1,693)		9,807		(1,693)
Total available-for-sale	996		(4)		242,511		(43,995)		243,507		(43,999)

Held to maturity
State and municipal obligations	—		—		996		(38)		996		(38)

Total	$	996	$	(4)	$	243,507	$	(44,033)	$	244,503	$	(44,037)


	2024
	Less Than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for sale

SBA Pools	$	454	$	(1)	$	2,991	$	(542)	$	3,445	$	(543)
Federal agencies	—		—		13,334		(1,666)		13,334		(1,666)
State and municipal obligations	1,578		(17)		127,705		(32,149)		129,283		(32,166)
Mortgage-backed securities – GSE residential	1,045		(10)		96,296		(21,430)		97,341		(21,440)
Corporate obligations	—		—		9,324		(2,175)		9,324		(2,175)
Total available-for-sale	3,077		(28)		249,650		(57,962)		252,727		(57,990)

Held to maturity
State and municipal obligations	1,253		(12)		1,769		(73)		3,022		(85)

Total	$	4,330	$	(40)	$	251,419	$	(58,035)	$	255,749	$	(58,075)