Investment Securities (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes investment securities (in thousands):


	March 31, 2026		December 31, 2025
Trading securities — at fair value:
Mutual funds	$	42,417	$	33,559
U.S. treasury obligations	39,683		40,029

Equity securities	2,157		2,505
Debt securities	605		15
Total trading securities	$	84,862	$	76,108
Held-to-maturity securities — at amortized cost:
U.S. government notes	$	15,460	$	15,420
Total held-to-maturity securities	$	15,460	$	15,420
Total investment securities	$	100,322	$	91,528

At March 31, 2026, the held-to-maturity securities were scheduled to mature as follows (in thousands):


	Within one year		After one but within five years		After five but within ten years		After ten years		Total
U.S. government notes — at amortized cost	$	5,422	$	10,038	$	—	$	—	$	15,460
U.S. government notes — at fair value	$	5,439	$	10,038	$	—	$	—	$	15,477