v3.26.1
INVESTMENT SECURITIES (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value for Available-for-sale Securities
The following tables present the amortized cost and fair value of available-for-sale securities at the dates presented:
June 30, 2026
(Dollars in Thousands)Amortized
Cost
Gross
Unrealized Gains
Gross
Unrealized
Losses
Fair Value
U.S. Government Agency Securities$16,611 $$(463)$16,153 
Residential Mortgage-Backed Securities68,943 (7,499)61,450 
Commercial Mortgage-Backed Securities21,144 69 (303)20,910 
Other Commercial Mortgage-Backed Securities22,419 17 (1,175)21,261 
Asset Backed Securities111,816 (6,225)105,594 
Collateralized Mortgage Obligations199,406 124 (6,991)192,539 
States and Political Subdivisions182,729 1,357 (17,773)166,313 
Corporate Notes59,250 — (3,168)56,082 
Total$682,318 $1,581 $(43,597)$640,302 
December 31, 2025
(Dollars in Thousands)Amortized
Cost
Gross
Unrealized Gains
Gross
Unrealized
Losses
Fair Value
U.S. Government Agency Securities$19,796 $17 $(438)$19,375 
Residential Mortgage-Backed Securities83,918 49 (7,194)76,773 
Commercial Mortgage-Backed Securities25,438 105 (421)25,122 
Other Commercial Mortgage-Backed Securities25,297 88 (1,131)24,254 
Asset Backed Securities100,643 10 (5,856)94,797 
Collateralized Mortgage Obligations168,749 176 (7,105)161,820 
States and Political Subdivisions262,275 — (28,051)234,224 
Corporate Notes59,250 — (4,003)55,247 
Total$745,366 $445 $(54,199)$691,612 
Schedule of Gross and Net Realized Gains and Losses
The following table shows the composition of gross and net realized gains and losses for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in Thousands)2026202520262025
Proceeds from Sales of Securities Available-for-Sale$126,859 $ $142,283 $ 
Gross Realized Gains$— $— $85 $— 
Gross Realized Losses(12,531)— (12,536)— 
Net Realized Losses$(12,531)$ $(12,451)$ 
Tax Impact$(2,632)$ $(2,615)$ 
Schedule of Amortized Cost and Fair Value of Available-for-sale Debt Securities by Contractual Maturity
The amortized cost and fair value of available-for-sale debt securities are shown below by contractual maturity at the date presented. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
June 30, 2026
(Dollars in Thousands)Amortized
Cost
Fair
Value
Due in One Year or Less$— $— 
Due after One Year through Five Years28,384 27,580 
Due after Five Years through Ten Years164,148 144,959 
Due after Ten Years66,058 66,009 
Residential Mortgage-Backed Securities68,943 61,450 
Commercial Mortgage-Backed Securities21,144 20,910 
Other Commercial Mortgage-Backed Securities22,419 21,261 
Collateralized Mortgage Obligations199,406 192,539 
Asset Backed Securities111,816 105,594 
Total$682,318 $640,302 
Schedule of Available-for-sale Securities with Unrealized Losses
Available-for-sale securities with unrealized losses at June 30, 2026 and December 31, 2025, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position, were as follows:
June 30, 2026
Less Than 12 Months12 Months or MoreTotal
(Dollars in Thousands)Number of
Securities
Fair ValueUnrealized
Losses
Number of
Securities
Fair ValueUnrealized
Losses
Number of
Securities
Fair ValueUnrealized
Losses
U.S. Government Agency Securities$1,017 $(8)30 $13,838 $(455)33 $14,855 $(463)
Residential Mortgage-Backed Securities4,796 (20)26 56,005 (7,479)29 60,801 (7,499)
Commercial Mortgage-Backed Securities5,839 (67)34 7,837 (236)41 13,676 (303)
Other Commercial Mortgage-Backed Securities— — — 15,323 (1,175)15,323 (1,175)
Asset Backed Securities16,884 (76)27 75,293 (6,149)31 92,177 (6,225)
Collateralized Mortgage Obligations19 54,020 (250)60 100,119 (6,741)79 154,139 (6,991)
States and Political Subdivisions7,021 (777)71 101,897 (16,996)76 108,918 (17,773)
Corporate Notes6,328 (172)15 49,754 (2,996)17 56,082 (3,168)
Total Debt Securities43 $95,905 $(1,370)269 $420,066 $(42,227)312 $515,971 $(43,597)
December 31, 2025
Less Than 12 Months12 Months or MoreTotal
(Dollars in Thousands)Number of
Securities
Fair ValueUnrealized
Losses
Number of
Securities
Fair ValueUnrealized
Losses
Number of
Securities
Fair ValueUnrealized
Losses
U.S. Government Agency Securities$2,593 $(4)27 $14,222 $(434)31 $16,815 $(438)
Residential Mortgage-Backed Securities2,866 (1)28 61,655 (7,193)29 64,521 (7,194)
Commercial Mortgage-Backed Securities5,101 (22)36 10,410 (399)45 15,511 (421)
Other Commercial Mortgage-Backed Securities— — — 17,363 (1,131)17,363 (1,131)
Asset Backed Securities1,048 (8)27 77,739 (5,848)28 78,787 (5,856)
Collateralized Mortgage Obligations11 13,021 (24)65 119,595 (7,081)76 132,616 (7,105)
States and Political Subdivisions6,643 (672)150 227,581 (27,379)156 234,224 (28,051)
Corporate Notes— — — 17 55,247 (4,003)17 55,247 (4,003)
Total Debt Securities32 $31,272 $(731)357 $583,812 $(53,468)389 $615,084 $(54,199)