INVESTMENT SECURITIES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Investment Securities [Abstract] | |
| Investment Portfolio Composition | NOTE 2 – INVESTMENT SECURITIES Investment Portfolio Composition . The following table summarizes the amortized cost and related fair value of investment securities available-for-sale (“AFS”) and securities held-to-maturity (“HTM”) unrealized gains and losses. Available for Amortized Unrealized Unrealized Allowance for Fair (Dollars in Thousands) Cost Gains Losses Credit Losses Value June 30, 2026 U.S. Government Treasury $ 554,416 $ 70 $ 3,884 $ - $ 550,602 U.S. Government Agency 180,039 36 2,781 - 177,294 States and Political Subdivisions 36,230 29 2,047 - 34,212 Mortgage-Backed Securities (1) 56,624 - 8,000 - 48,624 Corporate Debt Securities 36,933 1 2,169 (44) 34,721 Other Securities (2) 8,155 - - - 8,155 Total $ 872,397 $ 136 $ 18,881 $ (44) $ 853,608 December 31, 2025 U.S. Government Treasury $ 331,495 $ 1,940 $ 171 $ - $ 333,264 U.S. Government Agency 174,527 71 2,484 - 172,114 States and Political Subdivisions 36,918 38 2,045 - 34,911 Mortgage-Backed Securities (1) 59,699 2 7,697 - 52,004 Corporate Debt Securities 45,810 - 2,236 (42) 43,532 Other Securities (2) 8,097 - - - 8,097 Total $ 656,546 $ 2,051 $ 14,633 $ (42) $ 643,922 Held to Maturity Amortized Unrealized Unrealized Fair (Dollars in Thousands) Cost Gains Losses Value June 30, 2026 U.S. Government Treasury $ 8,587 $ - $ 8 $ 8,579 Mortgage-Backed Securities (1) 295,873 146 10,528 285,491 Total $ 304,460 $ 146 $ 10,536 $ 294,070 December 31, 2025 U.S. Government Treasury $ 129,782 $ - $ 514 $ 129,268 Mortgage-Backed Securities (1) 247,664 930 8,542 240,052 Total $ 377,446 $ 930 $ 9,056 $ 369,320 (1) (2) Includes Federal Home Loan Bank stock recorded 3.1 3.0 2025, respectively, 5.1 |
| Maturity Distribution | Available for Held to Maturity (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 164,396 $ 163,918 $ 8,587 $ 8,579 Due after one year through five years 490,095 482,562 - - Due after five year through ten years 3,220 2,852 - - Mortgage-Backed Securities 56,624 48,624 295,873 285,491 U.S. Government Agency 149,907 147,497 - - Other Securities 8,155 8,155 - - Total $ 872,397 $ 853,608 $ 304,460 $ 294,070 |
| Unrealized Losses on Investment Securities | Less Than Greater Than 12 Months 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in Thousands) Value Losses Value Losses Value Losses June 30, 2026 Available for U.S. Government Treasury $ 455,403 $ 3,841 $ 5,968 $ 43 $ 461,371 $ 3,884 U.S. Government Agency 73,602 597 92,621 2,184 166,223 2,781 States and Political Subdivisions 965 14 32,331 2,033 33,296 2,047 Mortgage-Backed Securities 52 - 48,562 8,000 48,614 8,000 Corporate Debt Securities - - 33,889 2,169 33,889 2,169 Total $ 530,022 $ 4,452 $ 213,371 $ 14,429 $ 743,393 $ 18,881 Held to Maturity U.S. Government Treasury - - 8,578 8 8,578 8 Mortgage-Backed Securities 156,316 1,640 90,125 8,888 246,441 10,528 Total $ 156,316 $ 1,640 $ 98,703 $ 8,896 $ 255,019 $ 10,536 December 31, 2025 Available for U.S. Government Treasury $ 31,319 $ 22 $ 8,902 $ 149 $ 40,221 $ 171 U.S. Government Agency 62,809 182 91,760 2,302 154,569 2,484 States and Political Subdivisions 3,030 124 30,705 1,921 33,735 2,045 Mortgage-Backed Securities - - 51,932 7,697 51,932 7,697 Corporate Debt Securities - - 42,333 2,236 42,333 2,236 Total $ 97,158 $ 328 $ 225,632 $ 14,305 $ 322,790 $ 14,633 Held to Maturity U.S. Government Treasury - - 129,268 514 129,268 514 Mortgage-Backed Securities 33,589 98 106,262 8,444 139,851 8,542 Total $ 33,589 $ 98 $ 235,530 $ 8,958 $ 269,119 $ 9,056 |