v3.26.1
INVESTMENT SECURITIES (Tables)
3 Months Ended
Mar. 31, 2026
Investments [Abstract]  
Schedule of Amortized Cost and Estimated Fair Values of Investment Securities
Investment securities available for sale are carried at estimated fair market value. The amortized cost and estimated fair values of these investment securities are as follows (in thousands):
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
March 31, 2026:
Obligations of states and political subdivisions$298,112 $863 $(34,875)$264,100 
December 31, 2025:
Obligations of states and political subdivisions$302,996 $1,993 $(29,648)$275,341 
Schedule of Amortized Cost and Estimated Fair Values of Investment Securities
The amortized cost and estimated fair values of investment securities at March 31, 2026, by contractual maturity, are shown below (in thousands):
Amortized
Cost
Estimated
Fair
Value
Due in one year or less$— $— 
Due after one year through five years5,773 5,800 
Due after five years through ten years46,026 45,180 
Due after ten years246,313 213,120 
Total$298,112 $264,100 
Schedule of Investment Securities in Unrealized Loss Position
The following table provides an analysis of investment securities in an unrealized loss position for which an allowance for credit losses is unnecessary as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026
Less than 12 Months12 Months or LongerTotal
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Available-for-Sale:
Obligations of states and political subdivisions$86,488 $(2,605)$129,856 $(32,270)$216,344 $(34,875)
December 31, 2025
Less than 12 Months12 Months or LongerTotal
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Available-for-Sale:
Obligations of states and political subdivisions$7,537 $(121)$167,845 $(29,527)$175,382 $(29,648)