SECURITIES (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| SECURITIES |
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| Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale |
| | | | | | | | | | | | | | | | | | Debt Securities Available-for-Sale | (Dollars in thousands) | | | | | Gross | | Gross | | | | | | | | | Amortized | | Unrealized | | Unrealized | | Basis | | Fair | June 30, 2026: | | Cost | | Gains | | Losses | | Adjustment | | Value | U.S. Treasury securities | | $ | 7,955 | | $ | — | | $ | (407) | | $ | — | | $ | 7,548 | Obligations of U.S. Government Agencies and Sponsored Agencies: | | | | | | | | | | | | | | | | Mortgage-backed | | | 177,545 | | | 801 | | | (10,756) | | | (33) | | | 167,557 | Other | | | 2,457 | | | 24 | | | (14) | | | — | | | 2,467 | Other mortgage backed securities | | | 33,338 | | | 53 | | | (1,411) | | | — | | | 31,980 | Obligations of state and political subdivisions | | | 80,137 | | | 27 | | | (7,805) | | | 297 | | | 72,656 | Asset-backed securities | | | 57,459 | | | 222 | | | (323) | | | — | | | 57,358 | Corporate debt securities | | | 31,195 | | | 486 | | | (2,163) | | | — | | | 29,518 | Total | | $ | 390,086 | | $ | 1,613 | | $ | (22,879) | | $ | 264 | | $ | 369,084 |
| | | | | | | | | | | | | | | | | | Debt Securities Available-for-Sale | (Dollars in thousands) | | | | | Gross | | Gross | | | | | | | | | Amortized | | Unrealized | | Unrealized | | Basis | | Fair | December 31, 2025: | | Cost | | Gains | | Losses | | Adjustment | | Value | U.S. Treasury securities | | $ | 7,941 | | $ | — | | $ | (405) | | $ | — | | $ | 7,536 | Obligations of U.S. Government Agencies and Sponsored Agencies: | | | | | | | | | | | | | | | | Mortgage-backed | | | 185,140 | | | 919 | | | (10,748) | | | 940 | | | 176,251 | Other | | | 3,271 | | | 40 | | | (17) | | | — | | | 3,294 | Other mortgage backed securities | | | 37,572 | | | 45 | | | (1,186) | | | — | | | 36,431 | Obligations of state and political subdivisions | | | 82,919 | | | 30 | | | (9,017) | | | 993 | | | 74,925 | Asset-backed securities | | | 63,644 | | | 211 | | | (362) | | | — | | | 63,493 | Corporate debt securities | | | 34,418 | | | 383 | | | (2,505) | | | — | | | 32,296 | Total | | $ | 414,905 | | $ | 1,628 | | $ | (24,240) | | $ | 1,933 | | $ | 394,226 |
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| Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity |
| | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | | Debt Securities Available-For-Sale | (Dollars in thousands) | | | | | U.S. Government | | Other | | Obligations | | | | | | | | | | | | Agency & | | Mortgage | | of State | | Asset | | Corporate | | | U.S. Treasury | | Sponsored Agency | | Backed Debt | | & Political | | Backed | | Debt | | | Securities | | Obligations1 | | Securities1 | | Subdivisions | | Securities | | Securities | Within 1 Year: | | | | | | | | | | | | | | | | | | | Amortized cost | | $ | — | | $ | — | | $ | 4,012 | | $ | 3,826 | | $ | — | | $ | — | Fair value | | | — | | | — | | | 4,000 | | | 3,812 | | | — | | | — | | | | | | | | | | | | | | | | | | | | 1 - 5 Years: | | | | | | | | | | | | | | | | | | | Amortized cost | | | 7,955 | | | 7,407 | | | — | | | 5,497 | | | 293 | | | 7,039 | Fair value | | | 7,548 | | | 7,406 | | | — | | | 5,271 | | | 294 | | | 7,162 | | | | | | | | | | | | | | | | | | | | 5 - 10 Years: | | | | | | | | | | | | | | | | | | | Amortized cost | | | — | | | 712 | | | — | | | 34,040 | | | 666 | | | 18,932 | Fair value | | | — | | | 710 | | | — | | | 30,323 | | | 665 | | | 18,699 | | | | | | | | | | | | | | | | | | | | After 10 Years: | | | | | | | | | | | | | | | | | | | Amortized cost | | | — | | | 171,883 | | | 29,326 | | | 36,774 | | | 56,500 | | | 5,224 | Fair value | | | — | | | 161,908 | | | 27,980 | | | 33,250 | | | 56,399 | | | 3,657 | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | Amortized cost | | $ | 7,955 | | $ | 180,002 | | $ | 33,338 | | $ | 80,137 | | $ | 57,459 | | $ | 31,195 | Fair value | | | 7,548 | | | 170,024 | | | 31,980 | | | 72,656 | | | 57,358 | | | 29,518 |
1 | Mortgage-backed securities are allocated for maturity reporting at their original maturity date. |
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| Schedule of holdings of securities from issuers in excess of ten percent of consolidated stockholders equity |
| | | | | (Dollars in thousands) | | | | | | | Fair | | June 30, 2026: | | Value | | Issuer | | | | | Sallie Mae Bank | | $ | 21,853 | | Velocity Commercial Capital | | | 17,379 | | Nelnet Student Loan Trust | | | 12,231 | |
| | | | | (Dollars in thousands) | | | | | | | Fair | | December 31, 2025: | | Value | | Issuer | | | | | Sallie Mae Bank | | $ | 23,354 | | Velocity Commercial Capital | | | 19,551 | | Nelnet Student Loan Trust | | | 13,169 | |
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| Schedule of the gross unrealized losses and fair value of the Company's debt securities, aggregated by investment category |
June 30, 2026 | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Less Than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | Available-for-Sale: | | Value | | Loss | | Value | | Loss | | Value | | Loss | U.S. Treasury securities | | $ | — | | $ | — | | $ | 7,548 | | $ | (407) | | $ | 7,548 | | $ | (407) | Obligations of U.S. Government Agencies and Sponsored Agencies: | | | | | | | | | | | | | | | | | | | Mortgage-backed | | | 15,572 | | | (98) | | | 68,877 | | | (10,658) | | | 84,449 | | | (10,756) | Other | | | — | | | — | | | 898 | | | (14) | | | 898 | | | (14) | Other mortgage-backed debt securities | | | — | | | — | | | 24,458 | | | (1,411) | | | 24,458 | | | (1,411) | Obligations of state and political subdivisions | | | — | | | — | | | 70,195 | | | (7,805) | | | 70,195 | | | (7,805) | Asset-backed securities | | | 12,041 | | | (42) | | | 15,881 | | | (281) | | | 27,922 | | | (323) | Corporate debt securities | | | — | | | — | | | 17,293 | | | (2,163) | | | 17,293 | | | (2,163) | Total | | $ | 27,613 | | $ | (140) | | $ | 205,150 | | $ | (22,739) | | $ | 232,763 | | $ | (22,879) |
December 31, 2025 | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Less Than 12 Months | | 12 Months or More | | Total | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | Available-for-Sale: | | Value | | Loss | | Value | | Loss | | Value | | Loss | U.S. Treasury securities | | $ | — | | $ | — | | $ | 7,536 | | $ | (405) | | $ | 7,536 | | $ | (405) | Obligations of U.S. Government Agencies and Sponsored Agencies: | | | | | | | | | | | | | | | | | | | Mortgage-backed | | | — | | | — | | | 80,318 | | | (10,748) | | | 80,318 | | | (10,748) | Other | | | — | | | — | | | 1,223 | | | (17) | | | 1,223 | | | (17) | Other mortgage-backed debt securities | | | 2,428 | | | (42) | | | 27,130 | | | (1,144) | | | 29,558 | | | (1,186) | Obligations of state and political subdivisions | | | — | | | — | | | 71,413 | | | (9,017) | | | 71,413 | | | (9,017) | Asset-backed securities | | | 14,527 | | | (36) | | | 18,971 | | | (326) | | | 33,498 | | | (362) | Corporate debt securities | | | 500 | | | (1) | | | 24,197 | | | (2,504) | | | 24,697 | | | (2,505) | Total | | $ | 17,455 | | $ | (79) | | $ | 230,788 | | $ | (24,161) | | $ | 248,243 | | $ | (24,240) |
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| Schedule of realized gains and losses recognized in net income on equity securities |
| | | | | | | | (Dollars in thousands) | | Three months ended | | Three months ended | | | | June 30, 2026 | | June 30, 2025 | | Net gains (losses) from market value fluctuations recognized during the period on equity securities | | $ | 374 | | $ | 105 | | Less: Net gains recognized during the period on equity securities sold during the period | | | — | | | — | | Net gains (losses) recognized during the reporting period on equity securities still held at the reporting date | | $ | 374 | | $ | 105 | |
| | | | | | | (Dollars in thousands) | | Six months ended | | Six months ended | | | June 30, 2026 | | June 30, 2025 | Net gains (losses) from market value fluctuations recognized during the period on equity securities | | $ | 548 | | $ | 19 | Less: Net gains recognized during the period on equity securities sold during the period | | | — | | | — | Net gains (losses) recognized during the reporting period on equity securities still held at the reporting date | | $ | 548 | | $ | 19 |
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