v3.26.1
Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-sale and Unrealized Loss on Investments
The following tables present the amortized cost and fair value of securities available-for-sale at the dates indicated:
March 31, 2026
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in Thousands)
Available-for-Sale Debt Securities:
U.S. Government Agencies
$2,000 $— $(33)$1,967 
Obligations of States and Political Subdivisions
35,202 551 — 35,753 
Mortgage-Backed Securities - Government-Sponsored Enterprises
47,633 193 (92)47,734 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises86,287 275 (6,082)80,480 
Collateralized Mortgage Obligations - Non-Agency10,030 — (110)9,920 
Collateralized Loan Obligations96,469 12 (291)96,190 
Corporate Debt23,159 216 (884)22,491 
Total Available-for-Sale Debt Securities$300,780 $1,247 $(7,492)$294,535 
Equity Securities:
Mutual Funds
917 
Total Equity Securities917 
Total Securities$295,452 
December 31, 2025
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in Thousands)
Available-for-Sale Debt Securities:
Obligations of States and Political Subdivisions
$35,227 $997 $— $36,224 
Mortgage-Backed Securities - Government-Sponsored Enterprises
40,577 512 — 41,089 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises72,266 576 (5,267)67,575 
Collateralized Mortgage Obligations - Non-Agency10,671 1 (125)10,547 
Collateralized Loan Obligations101,409 14 (205)101,218 
Corporate Debt23,172 137 (976)22,333 
Total Available-for-Sale Debt Securities$283,322 $2,237 $(6,573)$278,986 
Equity Securities:
Mutual Funds
909 
Total Equity Securities909 
Total Securities$279,895 
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated:
March 31, 2026
Less than 12 months
12 Months or Greater
Total
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
(Dollars in Thousands)
U.S. Government Agencies
1 $1,967 $(33)— $— $— 1 $1,967 $(33)
Mortgage Backed Securities- Government-Sponsored Enterprises4 19,688 (92)1 33 — 5 19,721 (92)
Collateralized Mortgage Obligations - Government-Sponsored Enterprises9 33,971 (792)7 18,141 (5,290)16 52,112 (6,082)
Collateralized Mortgage Obligations - Non-Agency4 9,920 (110)— — — 4 9,920 (110)
Collateralized Loan Obligations4 20,822 (85)8 57,927 (206)12 78,749 (291)
Corporate Debt— — — 3 8,588 (884)3 8,588 (884)
Total22 $86,368 $(1,112)19 $84,689 $(6,380)41 $171,057 $(7,492)
December 31, 2025
Less than 12 months
12 Months or Greater
Total
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
(Dollars in Thousands)
Mortgage Backed Securities- Government-Sponsored Enterprises— $— $— 1 $47 $— 1 $47 $— 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises3 13,357 (114)7 18,782 (5,153)10 32,139 (5,267)
Collateralized Mortgage Obligations - Non-Agency3 9,206 (125)— — — 3 9,206 (125)
Collateralized Loan Obligations10 68,567 (194)2 11,174 (11)12 79,741 (205)
Corporate Debt2 3,495 (5)3 8,503 (971)5 11,998 (976)
Total
18 $94,625 $(438)13 $38,506 $(6,135)31 $133,131 $(6,573)
Schedule of Investments Classified by Contractual Maturity Date
The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis.
March 31, 2026
Amortized
Cost		Fair
Value
(Dollars in Thousands)
Due in One Year or Less$33 $33 
Due after One Year through Five Years— — 
Due after Five Years through Ten Years35,486 34,820 
Due after Ten Years265,261 259,682 
Total$300,780 $294,535 
Schedule of Realized Gain (Loss)
The following table presents the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. There was no realized gain or loss on sales of debt securities for the periods indicated. All gains and losses presented in the table below are reported in Net Gain (Loss) on Investment Securities on the Consolidated Statements of Income.
Three Months Ended
March 31,
20262025
(Dollars in thousands)
Equity Securities
Net Unrealized Gain (Loss) Recognized on Securities Held
$8 $(56)
Net Realized Loss Recognized on Securities Sold— (13)
Net Gain (Loss) on Equity Securities
$8 $(69)
Net Gain (Loss) on Investment Securities$8 $(69)