Investment Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investment Securities |
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| Summary of amortized cost and fair value of securities available-for-sale |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | — | | $ | — | | $ | — | | $ | — | U.S. government and federal agencies | | | 4,991 | | | — | | | (191) | | | 4,800 | Corporate bonds | | | 3,000 | | | — | | | (119) | | | 2,881 | U.S. agency collateralized mortgage obligations | | | 28,440 | | | 1 | | | (5,475) | | | 22,966 | Tax-exempt municipal | | | 1,378 | | | — | | | (150) | | | 1,228 | U.S. agency mortgage-backed | | | 98,932 | | | 15 | | | (3,949) | | | 94,998 | Total Available-for-sale Securities | | $ | 136,741 | | $ | 16 | | $ | (9,884) | | $ | 126,873 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 13,244 | | $ | — | | $ | (112) | | $ | 13,132 | U.S. government and federal agencies | | | 6,976 | | | 2 | | | (158) | | | 6,820 | Corporate bonds | | | 3,000 | | | — | | | (180) | | | 2,820 | U.S. agency collateralized mortgage obligations | | | 31,019 | | | 7 | | | (5,333) | | | 25,693 | Tax-exempt municipal | | | 1,378 | | | — | | | (142) | | | 1,236 | U.S. agency mortgage-backed | | | 77,306 | | | 136 | | | (3,291) | | | 74,151 | Total Available-for-sale Securities | | $ | 132,923 | | $ | 145 | | $ | (9,216) | | $ | 123,852 |
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| Schedule of gross unrealized loss position of investments |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Less than 12 Months | | 12 Months or Longer | | Total | | | | | Gross | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (Dollars in thousands) | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale | | | | | | | | | | | | | | | | | | | U.S. Treasuries | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | U.S. government and federal agencies | | | 990 | | | (1) | | | 3,810 | | | (190) | | | 4,800 | | | (191) | Corporate bonds | | | — | | | — | | | 2,881 | | | (119) | | | 2,881 | | | (119) | U.S. agency collateralized mortgage obligations | | | — | | | — | | | 22,344 | | | (5,475) | | | 22,344 | | | (5,475) | Tax-exempt municipal | | | — | | | — | | | 1,228 | | | (150) | | | 1,228 | | | (150) | U.S. agency mortgage-backed | | | 47,926 | | | (584) | | | 39,663 | | | (3,365) | | | 87,589 | | | (3,949) | Total Available-for-sale Securities | | $ | 48,916 | | $ | (585) | | $ | 69,926 | | $ | (9,299) | | $ | 118,842 | | $ | (9,884) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Longer | | Total | | | | | Gross | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (Dollars in thousands) | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale | | | | | | | | | | | | | | | | | | | U.S. Treasuries | | $ | — | | $ | — | | $ | 13,132 | | $ | (112) | | $ | 13,132 | | $ | (112) | U.S. government and federal agencies | | | — | | | — | | | 5,838 | | | (158) | | | 5,838 | | | (158) | Corporate bonds | | | — | | | — | | | 2,820 | | | (180) | | | 2,820 | | | (180) | U.S. agency collateralized mortgage obligations | | | — | | | — | | | 24,930 | | | (5,333) | | | 24,930 | | | (5,333) | Tax-exempt municipal | | | — | | | — | | | 1,236 | | | (142) | | | 1,236 | | | (142) | U.S. agency mortgage-backed | | | 11,214 | | | (28) | | | 46,318 | | | (3,263) | | | 57,532 | | | (3,291) | Total Available-for-sale Securities | | $ | 11,214 | | $ | (28) | | $ | 94,274 | | $ | (9,188) | | $ | 105,488 | | $ | (9,216) |
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| Contractual maturities of investment securities |
| | | | | | | | | June 30, 2026 | | | Amortized | | Fair | (Dollars in thousands) | | Cost | | Value | Available-for-sale | | | | | | | Due in one year or less | | $ | 1,031 | | $ | 1,030 | Due after one year through five years | | | 26,015 | | | 25,162 | Due after five years through ten years | | | 63,997 | | | 61,922 | Due after ten years | | | 45,698 | | | 38,759 | Total Available-for-sale Securities | | $ | 136,741 | | $ | 126,873 |
| | | | | | | | | June 30, 2026 | | | Amortized | | Fair | (Dollars in thousands) | | Cost | | Value | Held-to-maturity | | | | | | | Due in one year or less | | $ | — | | $ | — | Due after one year through five years | | | 41,898 | | | 38,875 | Due after five years through ten years | | | 8,011 | | | 6,862 | Due after ten years | | | 36,883 | | | 29,997 | Total Held-to-maturity Securities | | $ | 86,792 | | $ | 75,734 |
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| Summary of amortized cost and fair value of securities held-to-maturity |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Held-to-maturity | | | | | | | | | | | | | U.S. Treasuries | | $ | 6,003 | | $ | — | | $ | (299) | | $ | 5,704 | U.S. government and federal agencies | | | 35,297 | | | — | | | (3,061) | | | 32,236 | U.S. agency collateralized mortgage obligations | | | 15,453 | | | — | | | (3,121) | | | 12,332 | Taxable municipal | | | 6,016 | | | — | | | (736) | | | 5,280 | U.S. agency mortgage-backed | | | 24,023 | | | — | | | (3,841) | | | 20,182 | Total Held-to-maturity Securities | | $ | 86,792 | | $ | — | | $ | (11,058) | | $ | 75,734 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Held-to-maturity | | | | | | | | | | | | | U.S. Treasuries | | $ | 6,002 | | $ | — | | $ | (308) | | $ | 5,694 | U.S. government and federal agencies | | | 35,314 | | | — | | | (2,934) | | | 32,380 | U.S. agency collateralized mortgage obligations | | | 16,163 | | | — | | | (3,006) | | | 13,157 | Taxable municipal | | | 6,024 | | | — | | | (754) | | | 5,270 | U.S. agency mortgage-backed | | | 24,918 | | | — | | | (3,844) | | | 21,074 | Total Held-to-maturity Securities | | $ | 88,421 | | $ | — | | $ | (10,846) | | $ | 77,575 |
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| Summary of restricted securities |
| | | | | | | (Dollars in thousands) | | June 30, 2026 | | December 31, 2025 | Federal Reserve Bank Stock | | $ | 3,351 | | $ | 3,342 | Federal Home Loan Bank Stock | | | 4,310 | | | 4,242 | Community Bankers’ Bank Stock | | | 60 | | | 60 | Total Restricted Securities | | $ | 7,721 | | $ | 7,644 |
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