Investment Securities (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Investment Securities |
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| Summary of amortized cost and fair value of securities available-for-sale |
| | | | | | | | | | | | | | | March 31, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 8,999 | | $ | — | | $ | (42) | | $ | 8,957 | U.S. government and federal agencies | | | 4,986 | | | — | | | (172) | | | 4,814 | Corporate bonds | | | 3,000 | | | — | | | (177) | | | 2,823 | U.S. agency collateralized mortgage obligations | | | 30,261 | | | 2 | | | (5,491) | | | 24,772 | Tax-exempt municipal | | | 1,378 | | | — | | | (175) | | | 1,203 | U.S. agency mortgage-backed | | | 87,122 | | | 53 | | | (3,578) | | | 83,597 | Total Available-for-sale Securities | | $ | 135,746 | | $ | 55 | | $ | (9,635) | | $ | 126,166 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 13,244 | | $ | — | | $ | (112) | | $ | 13,132 | U.S. government and federal agencies | | | 6,976 | | | 2 | | | (158) | | | 6,820 | Corporate bonds | | | 3,000 | | | — | | | (180) | | | 2,820 | U.S. agency collateralized mortgage obligations | | | 31,019 | | | 7 | | | (5,333) | | | 25,693 | Tax-exempt municipal | | | 1,378 | | | — | | | (142) | | | 1,236 | U.S. agency mortgage-backed | | | 77,306 | | | 136 | | | (3,291) | | | 74,151 | Total Available-for-sale Securities | | $ | 132,923 | | $ | 145 | | $ | (9,216) | | $ | 123,852 |
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| Schedule of gross unrealized loss position of investments |
| | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | | Less than 12 Months | | 12 Months or Longer | | Total | | | | | Gross | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (Dollars in thousands) | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale | | | | | | | | | | | | | | | | | | | U.S. Treasuries | | $ | — | | $ | — | | $ | 8,957 | | $ | (42) | | $ | 8,957 | | $ | (42) | U.S. government and federal agencies | | | 985 | | | (1) | | | 3,829 | | | (171) | | | 4,814 | | | (172) | Corporate bonds | | | — | | | — | | | 2,823 | | | (177) | | | 2,823 | | | (177) | U.S. agency collateralized mortgage obligations | | | — | | | — | | | 24,063 | | | (5,491) | | | 24,063 | | | (5,491) | Tax-exempt municipal | | | — | | | — | | | 1,203 | | | (175) | | | 1,203 | | | (175) | U.S. agency mortgage-backed | | | 33,425 | | | (269) | | | 42,982 | | | (3,309) | | | 76,407 | | | (3,578) | Total Available-for-sale Securities | | $ | 34,410 | | $ | (270) | | $ | 83,857 | | $ | (9,365) | | $ | 118,267 | | $ | (9,635) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Longer | | Total | | | | | Gross | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (Dollars in thousands) | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale | | | | | | | | | | | | | | | | | | | U.S. Treasuries | | $ | — | | $ | — | | $ | 13,132 | | $ | (112) | | $ | 13,132 | | $ | (112) | U.S. government and federal agencies | | | — | | | — | | | 5,838 | | | (158) | | | 5,838 | | | (158) | Corporate bonds | | | — | | | — | | | 2,820 | | | (180) | | | 2,820 | | | (180) | U.S. agency collateralized mortgage obligations | | | — | | | — | | | 24,930 | | | (5,333) | | | 24,930 | | | (5,333) | Tax-exempt municipal | | | — | | | — | | | 1,236 | | | (142) | | | 1,236 | | | (142) | U.S. agency mortgage-backed | | | 11,214 | | | (28) | | | 46,318 | | | (3,263) | | | 57,532 | | | (3,291) | Total Available-for-sale Securities | | $ | 11,214 | | $ | (28) | | $ | 94,274 | | $ | (9,188) | | $ | 105,488 | | $ | (9,216) |
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| Contractual maturities of investment securities |
| | | | | | | | | March 31, 2026 | | | Amortized | | Fair | (Dollars in thousands) | | Cost | | Value | Available-for-sale | | | | | | | Due in one year or less | | $ | 10,999 | | $ | 10,954 | Due after one year through five years | | | 26,630 | | | 25,847 | Due after five years through ten years | | | 46,277 | | | 45,152 | Due after ten years | | | 51,840 | | | 44,213 | Total Available-for-sale Securities | | $ | 135,746 | | $ | 126,166 |
| | | | | | | | | March 31, 2026 | | | Amortized | | Fair | (Dollars in thousands) | | Cost | | Value | Held-to-maturity | | | | | | | Due in one year or less | | $ | — | | $ | — | Due after one year through five years | | | 41,920 | | | 38,919 | Due after five years through ten years | | | 8,015 | | | 6,886 | Due after ten years | | | 37,663 | | | 30,864 | Total Held-to-maturity Securities | | $ | 87,598 | | $ | 76,669 |
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| Summary of amortized cost and fair value of securities held-to-maturity |
| | | | | | | | | | | | | | | March 31, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Held-to-maturity | | | | | | | | | | | | | U.S. Treasuries | | $ | 6,003 | | $ | — | | $ | (310) | | $ | 5,693 | U.S. government and federal agencies | | | 35,305 | | | — | | | (3,026) | | | 32,279 | U.S. agency collateralized mortgage obligations | | | 15,807 | | | — | | | (3,089) | | | 12,718 | Taxable municipal | | | 6,020 | | | — | | | (720) | | | 5,300 | U.S. agency mortgage-backed | | | 24,463 | | | — | | | (3,784) | | | 20,679 | Total Held-to-maturity Securities | | $ | 87,598 | | $ | — | | $ | (10,929) | | $ | 76,669 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Held-to-maturity | | | | | | | | | | | | | U.S. Treasuries | | $ | 6,002 | | $ | — | | $ | (308) | | $ | 5,694 | U.S. government and federal agencies | | | 35,314 | | | — | | | (2,934) | | | 32,380 | U.S. agency collateralized mortgage obligations | | | 16,163 | | | — | | | (3,006) | | | 13,157 | Taxable municipal | | | 6,024 | | | — | | | (754) | | | 5,270 | U.S. agency mortgage-backed | | | 24,918 | | | — | | | (3,844) | | | 21,074 | Total Held-to-maturity Securities | | $ | 88,421 | | $ | — | | $ | (10,846) | | $ | 77,575 |
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| Summary of restricted securities |
| | | | | | | (Dollars in thousands) | | March 31, 2026 | | December 31, 2025 | Federal Reserve Bank Stock | | $ | 3,347 | | $ | 3,342 | Federal Home Loan Bank Stock | | | 4,310 | | | 4,242 | Community Bankers’ Bank Stock | | | 60 | | | 60 | Total Restricted Securities | | $ | 7,717 | | $ | 7,644 |
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