Securities (Tables)

6 Months Ended

Jun. 30, 2026

Securities

Schedule of amortized cost and fair value of the securities portfolio and corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
June 30, 2026		Cost¹			Gains			Losses			Value
Securities available-for-sale
U.S. Treasury		$	144,392		$	183		$	(188)		$	144,387
U.S. government agencies			68,861			-			(457)			68,404
U.S. government agencies mortgage-backed			88,663			-			(7,427)			81,236
States and political subdivisions			205,386			230			(7,671)			197,945
Collateralized mortgage obligations			374,483			509			(31,931)			343,061
Asset-backed securities			40,128			327			(1,330)			39,125
Collateralized loan obligations			165,752			183			(79)			165,856
Equity securities			714			32			-			746
Total securities available-for-sale		$	1,088,379		$	1,464		$	(49,083)		$	1,040,760


					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
December 31, 2025		Cost¹			Gains			Losses			Value
Securities available-for-sale
U.S. Treasury		$	164,296		$	1,564		$	-		$	165,860
U.S. government agencies			29,421			-			(245)			29,176
U.S. government agencies mortgage-backed			95,899			-			(7,119)			88,780
States and political subdivisions			213,366			450			(7,441)			206,375
Collateralized mortgage obligations			388,774			1,102			(30,571)			359,305
Asset-backed securities			46,600			423			(1,207)			45,816
Collateralized loan obligations			194,552			151			(239)			194,464
Equity securities			684			63			-			747
Total securities available-for-sale		$	1,133,592		$	3,753		$	(46,822)		$	1,090,523

¹ Excludes accrued interest receivable of $6.8 million at June 30, 2026, and $6.9 million at December 31, 2025, that is recorded in other assets on the Consolidated Balance Sheets.

Schedule of fair value, amortized cost and weighted average yield of debt securities by contractual maturity along with securities not due at a single maturity date, primarily mortgage-backed securities (MBS), asset-backed securities, and collateralized loan obligations


					Weighted
		Amortized			Average			Fair
Securities available-for-sale		Cost			Yield			Value
Due in one year or less		$	97,792		3.89	%		$	97,905
Due after one year through five years			110,048		3.82				108,959
Due after five years through ten years			149,558		3.48				145,058
Due after ten years			61,241		3.25				58,814
			418,639		3.63				410,736
Mortgage-backed and collateralized mortgage obligations			463,146		2.81				424,297
Asset-backed securities			40,128		3.69				39,125
Collateralized loan obligations			165,752		5.21				165,856
Equity securities			714		-				746
Total securities available-for-sale		$	1,088,379		3.52	%		$	1,040,760

Schedule of securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position


		Less than 12 months								12 months or more
June 30, 2026		in an unrealized loss position								in an unrealized loss position								Total
		Number of		Unrealized			Fair			Number of		Unrealized			Fair			Number of		Unrealized			Fair
Securities available-for-sale		Securities		Losses			Value			Securities		Losses			Value			Securities		Losses			Value
U.S. Treasuries		5		$	188		$	64,452		-		$	-		$	-		5		$	188		$	64,452
U.S. government agencies		1			385			39,303		7			72			29,101		8			457			68,404
U.S. government agencies mortgage-backed		1			75			10,462		126			7,352			70,774		127			7,427			81,236
States and political subdivisions		13			67			40,342		19			7,604			74,472		32			7,671			114,814
Collateralized mortgage obligations		10			230			35,177		126			31,701			262,851		136			31,931			298,028
Asset-backed securities		6			204			11,504		9			1,126			21,905		15			1,330			33,409
Collateralized loan obligations		9			60			54,949		2			19			9,983		11			79			64,932
Total securities available-for-sale		45		$	1,209		$	256,189		289		$	47,874		$	469,086		334		$	49,083		$	725,275


		Less than 12 months								12 months or more
December 31, 2025		in an unrealized loss position								in an unrealized loss position								Total
		Number of		Unrealized				Fair		Number of		Unrealized				Fair		Number of		Unrealized				Fair
Securities available-for-sale		Securities		Losses				Value		Securities		Losses				Value		Securities		Losses				Value
U.S. government agencies		-		$	-		$	-		7		$	245		$	29,176		7		$	245		$	29,176
U.S. government agencies mortgage-backed		1			36			10,572		126			7,083			78,208		127			7,119			88,780
States and political subdivisions		1			4			5,046		29			7,437			104,483		30			7,441			109,529
Collateralized mortgage obligations		5			19			6,287		130			30,552			288,228		135			30,571			294,515
Asset-backed securities		7			139			14,927		7			1,068			20,164		14			1,207			35,091
Collateralized loan obligations		12			239			87,299		-			-			-		12			239			87,299
Total securities available-for-sale		26		$	437		$	124,131		299		$	46,385		$	520,259		325		$	46,822		$	644,390