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 and estimated fair values of securities classified as Available-for-Sale |
| | | | | | | | | | | | | | | | | | Amortized | | Unrealized | | Unrealized | | Allowance for | | | | | | Cost | | Gain | | Loss | | Credit Losses | | Fair Value | | June 30, 2026 | | (in thousands) | Available-for-Sale Debt Securities: | | | | | | | | | | | | | | | | U.S. Treasury securities | | $ | 90,867 | | $ | 16 | | $ | (522) | | $ | — | | $ | 90,361 | U.S. Government agencies | | | 4,682 | | | 1 | | | (22) | | | — | | | 4,661 | Agency mortgage-backed securities | | | 96,772 | | | 65 | | | (2,553) | | | — | | | 94,284 | Agency collateralized mortgage obligations | | | 11,868 | | | 190 | | | (171) | | | — | | | 11,887 | Corporate bonds | | | 62,697 | | | 326 | | | (2,590) | | | — | | | 60,433 | Municipal obligations | | | 5,155 | | | — | | | (39) | | | — | | | 5,116 | SBA securities | | | 6,057 | | | — | | | (159) | | | — | | | 5,898 | Total | | $ | 278,098 | | $ | 598 | | $ | (6,056) | | $ | — | | $ | 272,640 |
| | | | | | | | | | | | | | | | | | Amortized | | Unrealized | | Unrealized | | Allowance for | | | | | | Cost | | Gain | | Loss | | Credit Losses | | Fair Value | | December 31, 2025 | | (in thousands) | Available-for-Sale Debt Securities: | | | | | | | | | | | | | | | | U.S. Treasury securities | | $ | 95,479 | | $ | 407 | | $ | (103) | | $ | — | | $ | 95,783 | U.S. Government agencies | | | 9,159 | | | 53 | | | — | | | — | | | 9,212 | Agency mortgage-backed securities | | | 69,682 | | | 162 | | | (1,253) | | | — | | | 68,591 | Agency collateralized mortgage obligations | | | 12,109 | | | 202 | | | (74) | | | — | | | 12,237 | Corporate bonds | | | 72,703 | | | 263 | | | (3,081) | | | — | | | 69,885 | Municipal obligations | | | 6,596 | | | — | | | (72) | | | — | | | 6,524 | SBA securities | | | 6,830 | | | — | | | (103) | | | — | | | 6,727 | Total | | $ | 272,558 | | $ | 1,087 | | $ | (4,686) | | $ | — | | $ | 268,959 |
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| Schedule of maturities of securities available for sale |
| | | | | | | | | Available-for-Sale | | | Amortized Cost | | Fair Value | | | | (in thousands) | | | | | | | | Within one year | | $ | 43,623 | | $ | 43,549 | Over one year to five years | | | 86,273 | | | 85,517 | Over five years to ten years | | | 32,244 | | | 30,179 | Over ten years | | | 7,318 | | | 7,224 | | | | 169,458 | | | 166,469 | Agency mortgage-backed securities | | | 96,772 | | | 94,284 | Agency collateralized mortgage obligations | | | 11,868 | | | 11,887 | | | $ | 278,098 | | $ | 272,640 |
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| Schedule of fair value and gross unrealized losses, individual securities have been in a continuous unrealized loss position |
| | | | | | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or More | | Total | | | | | | (Dollars in thousands) | | | | | Gross | | | | | Gross | | | | | Gross | | | | | | | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | June 30, 2026 | | Number of Securities | | Losses | | Value | | Losses | | Value | | Losses | | Value | U. S. Treasuries | | 36 | | $ | (465) | | $ | 67,925 | | $ | (57) | | $ | 2,944 | | $ | (522) | | $ | 70,869 | U.S. Government Agencies | | 2 | | | (22) | | | 3,103 | | | — | | | — | | | (22) | | | 3,103 | Agency mortgage-backed securities | | 41 | | | (1,239) | | | 55,047 | | | (1,314) | | | 31,088 | | | (2,553) | | | 86,135 | Agency collateralized mortgage obligations | | 4 | | | (21) | | | 1,866 | | | (150) | | | 6,513 | | | (171) | | | 8,379 | Corporate bonds | | 19 | | | (422) | | | 12,572 | | | (2,168) | | | 34,082 | | | (2,590) | | | 46,654 | Municipal obligations | | 5 | | | — | | | — | | | (39) | | | 5,116 | | | (39) | | | 5,116 | SBA securities | | 5 | | | (12) | | | 898 | | | (147) | | | 5,000 | | | (159) | | | 5,898 | Total | | 112 | | $ | (2,181) | | $ | 141,411 | | $ | (3,875) | | $ | 84,743 | | $ | (6,056) | | $ | 226,154 |
| | | | | | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 Months or More | | Total | | | | | | (Dollars in thousands) | | | | | Gross | | | | | Gross | | | | | Gross | | | | | | | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | December 31, 2025 | | Number of Securities | | Losses | | Value | | Losses | | Value | | Losses | | Value | U.S. Treasury securities | | 8 | | $ | (11) | | $ | 8,929 | | $ | (92) | | $ | 10,945 | | $ | (103) | | $ | 19,874 | Agency mortgage-backed securities | | 25 | | | (301) | | | 26,876 | | | (952) | | | 31,890 | | | (1,253) | | | 58,766 | Agency collateralized mortgage obligations | | 4 | | | (7) | | | 1,995 | | | (67) | | | 7,324 | | | (74) | | | 9,319 | Corporate bonds | | 24 | | | (356) | | | 6,634 | | | (2,725) | | | 53,538 | | | (3,081) | | | 60,172 | Municipal obligations | | 6 | | | (1) | | | 1,440 | | | (71) | | | 5,084 | | | (72) | | | 6,524 | SBA securities | | 5 | | | (28) | | | 2,299 | | | (75) | | | 4,428 | | | (103) | | | 6,727 | Total | | 72 | | $ | (704) | | $ | 48,173 | | $ | (3,982) | | $ | 113,209 | | $ | (4,686) | | $ | 161,382 |
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