
			Gross Unrealized
(dollars in thousands)	Total Amortized Cost		Gains		Losses		Fair Value
June 30, 2026
U.S. Treasury	$	6,911	$	22	$	—	$	6,933

U.S. government-sponsored enterprises	4,001		3		(136)		3,868
Obligations of states and political subdivisions	119,998		25		(17,535)		102,488
Mortgage-backed securities
Residential	69,722		275		(2,403)		67,594
Commercial	14,399		3		(1,834)		12,568
Other debt securities (1)	39,174		370		(843)		38,701
Bank issued trust preferred securities (1)	1,486		—		(162)		1,324
Total available-for-sale securities	$	255,691	$	698	$	(22,913)	$	233,476

December 31, 2025
U.S. Treasury	$	4,949	$	119	$	—	$	5,068

U.S. government-sponsored enterprises	5,001		31		(116)		4,916
Obligations of states and political subdivisions	121,569		28		(17,406)		104,191
Mortgage-backed securities
Residential	59,865		750		(2,232)		58,383
Commercial	15,090		19		(1,995)		13,114
Other debt securities (1)	22,979		297		(325)		22,951
Bank issued trust preferred securities (1)	1,486		—		(170)		1,316
Total available-for-sale securities	$	230,939	$	1,244	$	(22,244)	$	209,939

The Company’s investment securities are classified as available-for-sale. Agency bonds and notes, loan certificates guaranteed by the Small Business Administration, residential and commercial agency mortgage-backed securities, and agency collateralized mortgage obligations include securities issued by the Government National Mortgage Association, a U.S. government agency, and the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the FHLB, which are U.S. government-sponsored enterprises.

Debt securities with carrying values aggregating approximately $110.8 million and $101.5 million at June 30, 2026 and December 31, 2025, respectively, were pledged to secure public funds, securities sold under agreements to repurchase, and for other purposes as required or permitted by law.

There were no proceeds from sales of available-for-sale securities for each of the three and six months ended June 30, 2026 and 2025. All gains and losses recognized on equity securities during each of the three and six months ended June 30, 2026 and 2025 were unrealized. During the six months ended June 30, 2026, the Company recorded net investment securities gains of approximately $0.3 million from called securities.

The amortized cost and fair value of debt securities classified as available-for-sale at June 30, 2026, by contractual maturity are shown below. Accrued interest on investments totaled $1.7 million and $1.5 million at June 30, 2026 and December 31, 2025, respectively, and is included in accrued interest receivable and other assets on the Company's consolidated balance sheets. The total amount of accrued interest is excluded from the amortized cost basis of investments presented below.

Further, the Company has elected not to measure an allowance for credit losses for accrued interest receivable. Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties.


	June 30, 2026
(dollars in thousands)	Amortized Cost		Fair Value
Due in one year or less	$	1,448	$	1,448
Due after one year through five years	20,003		19,585
Due after five years through ten years	56,876		53,319
Due after ten years	93,243		78,962
Total	171,570		153,314
Mortgage-backed securities	84,121		80,162
Total available-for-sale securities	$	255,691	$	233,476

Other investment securities include equity securities with readily determinable fair values and other investment securities that do not have readily determinable fair values and are shown in the table below. Investments in FHLB stock and Midwest Independent BankersBank (“MIB”) stock that do not have readily determinable fair values are required for membership in those organizations.

Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2026 and December 31, 2025 were as follows:


	Less than 12 months				12 months or more
(dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Total Fair Value		Total Unrealized Losses
June 30, 2026


U.S. government-sponsored enterprises	$	—	$	—	$	1,864	$	(136)	$	1,864	$	(136)
Obligations of states and political subdivisions	1,117		(4)		97,703		(17,531)		98,820		(17,535)
Mortgage-backed securities
Residential	17,134		(84)		18,561		(2,319)		35,695		(2,403)
Commercial	2,542		(37)		8,755		(1,797)		11,297		(1,834)
Other debt securities	14,067		(587)		4,569		(256)		18,636		(843)
Bank issued trust preferred securities	—		—		1,324		(162)		1,324		(162)
Total	$	34,860	$	(712)	$	132,776	$	(22,201)	$	167,636	$	(22,913)

December 31, 2025


U.S. government-sponsored enterprises	—		—		1,884		(116)		1,884		(116)
Obligations of states and political subdivisions	604		(1)		100,994		(17,405)		101,598		(17,406)
Mortgage-backed securities
Residential	—		—		20,533		(2,232)		20,533		(2,232)
Commercial	848		(7)		9,639		(1,988)		10,487		(1,995)
Other debt securities	2,703		(72)		4,572		(253)		7,275		(325)
Bank issued trust preferred securities	—		—		1,316		(170)		1,316		(170)
Total	$	4,155	$	(80)	$	138,938	$	(22,164)	$	143,093	$	(22,244)

The total available-for-sale portfolio consisted of approximately 396 securities at June 30, 2026. The portfolio included 347 securities having an aggregate fair value of $167.6 million that were in a loss position at June 30, 2026. The $22.9 million aggregate unrealized loss included in accumulated other comprehensive loss at June 30, 2026 was caused by interest rate fluctuations.

The decline in fair value is attributable to changes in interest rates and not credit quality. In the absence of changes in credit quality of these investments, the fair value is expected to recover on all debt securities as they approach their maturity date or re-pricing date, or if market yields for such investments decline. In addition, the Company does not have the intent to sell these investments over the period of recovery, and it is not more likely than not that the Company will be required to sell such investment securities.