The following tables present the amortized cost, fair value and related ACL on available-for-sale ("AFS") and held-to-maturity ("HTM") investment securities as of June 30, 2026 and December 31, 2025 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		ACL
(dollars in thousands)
June 30, 2026
Available-for-sale:
Debt securities:
States and political subdivisions	$	140,397	$	18	$	(24,597)	$	115,818	$	—
Corporate securities	10,000		18		(42)		9,976		—
U.S. Treasury and other government-sponsored entities and agencies	96,442		170		(1,530)		95,082		—
Collateralized loan obligations	103,671		37		(204)		103,504		—
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	469,152		1,066		(40,264)		429,954		—
Residential - Non-government agencies	15,107		143		(786)		14,464		—
Commercial - U.S. government-sponsored entities and agencies	77,808		209		(11,437)		66,580		—

Total available-for-sale investment securities	$	912,577	$	1,661	$	(78,860)	$	835,378	$	—


	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value		ACL
(dollars in thousands)
June 30, 2026
Held-to-maturity:
Debt securities:
States and political subdivisions	$	41,838	$	—	$	(6,334)	$	35,504	$	—



Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	503,377		51		(64,004)		439,424		—



Total held-to-maturity investment securities	$	545,215	$	51	$	(70,338)	$	474,928	$	—


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		ACL
(dollars in thousands)
December 31, 2025
Available-for-sale:
Debt securities:
States and political subdivisions	$	141,163	$	55	$	(24,177)	$	117,041	$	—

U.S. Treasury and other government-sponsored entities and agencies	100,215		1,103		(1,293)		100,025		—
Collateralized loan obligations	40,960		32		(165)		40,827		—
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	442,221		3,032		(38,200)		407,053		—
Residential - Non-government agencies	15,935		150		(722)		15,363		—
Commercial - U.S. government-sponsored entities and agencies	79,040		415		(11,552)		67,903		—

Total available-for-sale investment securities	$	819,534	$	4,787	$	(76,109)	$	748,212	$	—


	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value		ACL
(dollars in thousands)
December 31, 2025
Held-to-maturity:
Debt securities:
States and political subdivisions	$	41,925	$	—	$	(7,226)	$	34,699	$	—



Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	520,466		131		(59,451)		461,146		—



Total held-to-maturity investment securities	$	562,391	$	131	$	(66,677)	$	495,845	$	—

During the three and six months ended June 30, 2026, the Company recorded a total of $1.7 million and $3.2 million, respectively, in amortization of unrecognized losses on investment securities previously transferred from AFS to HTM. During the three and six months ended June 30, 2025, the Company recorded a total of $1.8 million and $3.3 million, respectively, in amortization of unrecognized losses on investment securities previously transferred from AFS to HTM.

The Company elected to not estimate credit losses on accrued interest receivable, as any uncollectible accrued interest receivable is written off in a timely manner. Accrued interest receivable on investment securities is reported together with accrued interest receivable on loans and other assets in the consolidated balance sheets. As of June 30, 2026 and December 31, 2025, accrued interest receivable on investment securities totaled $5.2 million and $4.5 million, respectively.

The amortized cost, estimated fair value and weighted average yield of the Company's AFS and HTM investment securities as of June 30, 2026, are presented below, grouped by contractual maturity. Expected maturities may differ from contractual maturities due to the issuer's option to call or prepay obligations, with or without penalties. Securities that are not due at a single maturity date, such as mortgage-backed securities and other asset-backed investments, are presented separately.


(dollars in thousands)	Amortized Cost		Fair Value		Weighted Average Yield (1)
June 30, 2026
Available-for-sale:
Debt securities:
Due in one year or less	$	1,388	$	1,380	2.83	%
Due after one year through five years	64,561		63,016		3.72
Due after five years through ten years	48,442		47,505		4.49
Due after ten years	132,448		108,975		2.65
Collateralized loan obligations	103,671		103,504		5.07
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	469,152		429,954		3.05
Residential - Non-government agencies	15,107		14,464		4.62
Commercial - U.S. government-sponsored entities and agencies	77,808		66,580		2.75

Total available-for-sale securities	$	912,577	$	835,378	3.38	%


(dollars in thousands)	Amortized Cost		Fair Value		Weighted Average Yield (1)
June 30, 2026
Held-to-maturity:
Debt securities:



Due after ten years	$	41,838	$	35,504	2.26	%

Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	503,377		439,424		1.86



Total held-to-maturity securities	$	545,215	$	474,928	1.89	%

(1)Weighted-average yields are computed on an annual basis, and yields on tax-exempt obligations are computed on a taxable-equivalent basis using a federal statutory tax rate of 21%.

Investment securities with carrying values totaling $689.8 million and $736.7 million as of June 30, 2026 and December 31, 2025, respectively, were pledged to secure public deposits, borrowings from the Federal Reserve Discount Window and other financial obligations.

As of June 30, 2026 and December 31, 2025, the Company did not hold investment securities of any one issuer, other than the U.S. Government and its agencies, that exceeded 10% of shareholders' equity.

The following tables summarize AFS and HTM investment securities that were in a loss position as of the dates presented. The data is aggregated by major security type and the length of time the securities have been in a continuous loss position.

There were a total of 194 and 179 AFS investment securities that were in an unrealized loss position, without an ACL, as of June 30, 2026 and December 31, 2025, respectively. There were a total of 81 and 81 HTM investment securities that were in an unrecognized loss position, without an ACL, as of June 30, 2026 and December 31, 2025, respectively.


	Less Than 12 Months				12 Months or Longer				Total
(dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2026
Available-for-sale:
Debt securities:
States and political subdivisions	$	7,248	$	(95)	$	102,373	$	(24,502)	$	109,621	$	(24,597)
Corporate securities	4,958		(42)		—		—		4,958		(42)
U.S. Treasury and other government-sponsored entities and agencies	43,801		(200)		10,808		(1,330)		54,609		(1,530)
Collateralized loan obligations	62,689		(197)		10,005		(7)		72,694		(204)
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	57,690		(505)		245,291		(39,759)		302,981		(40,264)
Residential - Non-government agencies	4,242		(67)		6,543		(719)		10,785		(786)
Commercial - U.S. government-sponsored entities and agencies	—		—		48,150		(11,437)		48,150		(11,437)

Total	$	180,628	$	(1,106)	$	423,170	$	(77,754)	$	603,798	$	(78,860)


	Less Than 12 Months				12 Months or Longer				Total
(dollars in thousands)	Fair Value		Unrecognized Losses		Fair Value		Unrecognized Losses		Fair Value		Unrecognized Losses
June 30, 2026
Held-to-maturity:
Debt securities:
States and political subdivisions	$	—	$	—	$	35,504	$	(6,334)	$	35,504	$	(6,334)



Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	—		—		431,029		(64,004)		431,029		(64,004)



Total	$	—	$	—	$	466,533	$	(70,338)	$	466,533	$	(70,338)


	Less Than 12 Months				12 Months or Longer				Total
(dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2025
Available-for-sale:
Debt securities:
States and political subdivisions	$	2,196	$	(12)	$	105,922	$	(24,165)	$	108,118	$	(24,177)

U.S. Treasury and other government-sponsored entities and agencies	20,687		(48)		11,976		(1,245)		32,663		(1,293)
Collateralized loan obligations	21,002		(99)		10,020		(66)		31,022		(165)
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	—		—		261,335		(38,200)		261,335		(38,200)
Residential - Non-government agencies	—		—		6,954		(722)		6,954		(722)
Commercial - U.S. government-sponsored entities and agencies	—		—		49,246		(11,552)		49,246		(11,552)

Total	$	43,885	$	(159)	$	445,453	$	(75,950)	$	489,338	$	(76,109)


	Less Than 12 Months				12 Months or Longer				Total
(dollars in thousands)	Fair Value		Unrecognized Losses		Fair Value		Unrecognized Losses		Fair Value		Unrecognized Losses
December 31, 2025
Held-to-maturity:
Debt securities:
States and political subdivisions	$	—	$	—	$	34,699	$	(7,226)	$	34,699	$	(7,226)



Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies	—		—		450,997		(59,451)		450,997		(59,451)



Total	$	—	$	—	$	485,696	$	(66,677)	$	485,696	$	(66,677)

Investment securities in an unrealized or unrecognized loss position are evaluated at least quarterly to determine whether a credit loss exists. This evaluation includes a review of changes in the investment securities' credit ratings issued by major rating agencies and assessments of the issuers' financial condition. For mortgage-related securities, the Company also considers delinquency and loss data related to the underlying collateral, changes in subordination levels for the Company's position within the repayment structure, and remaining credit enhancement relative to projected credit losses.

The Company has reviewed its AFS and HTM investment securities that are in an unrealized or unrecognized loss position and determined that the losses are not related to credit quality, but are primarily attributable to changes in interest rates and volatility in the financial markets since the time of purchase. All of the investment securities in a loss position continue to be rated investment grade by one or more major rating agencies.

As of June 30, 2026 and December 31, 2025, the Company did not intend to sell the AFS and HTM securities that were in a loss position, and it was not more likely than not that the company would be required to sell such securities before recovery of

their amortized cost basis. The Company evaluated these securities for credit losses and concluded that the decline in fair value was not attributable to credit factors. Accordingly, no ACL was recorded on these securities.