v3.26.1
Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-sale and Unrealized Loss on Investments
The following tables present the amortized cost and fair value of securities available-for-sale at the dates indicated:
June 30, 2026
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in Thousands)
Available-for-Sale Debt Securities:
U.S. Government Agencies
$2,000 $— $(13)$1,987 
Obligations of States and Political Subdivisions
39,662 1,264 — 40,926 
Mortgage-Backed Securities - Government-Sponsored Enterprises
66,342 56 (334)66,064 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises115,564 121 (6,552)109,133 
Collateralized Mortgage Obligations - Non-Agency11,858 2 (174)11,686 
Collateralized Loan Obligations72,319 13 (150)72,182 
Corporate Debt23,148 224 (695)22,677 
Total Available-for-Sale Debt Securities$330,893 $1,680 $(7,918)$324,655 
Equity Securities:
Mutual Funds
899 
Total Equity Securities899 
Total Securities$325,554 
December 31, 2025
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in Thousands)
Available-for-Sale Debt Securities:
Obligations of States and Political Subdivisions
$35,227 $997 $— $36,224 
Mortgage-Backed Securities - Government-Sponsored Enterprises
40,577 512 — 41,089 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises72,266 576 (5,267)67,575 
Collateralized Mortgage Obligations - Non-Agency10,671 1 (125)10,547 
Collateralized Loan Obligations101,409 14 (205)101,218 
Corporate Debt23,172 137 (976)22,333 
Total Available-for-Sale Debt Securities$283,322 $2,237 $(6,573)$278,986 
Equity Securities:
Mutual Funds
909 
Total Equity Securities909 
Total Securities$279,895 
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated:
June 30, 2026
Less than 12 months
12 Months or Greater
Total
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
(Dollars in Thousands)
U.S. Government Agencies
1 $1,987 $(13)— $— $— 1 $1,987 $(13)
Mortgage Backed Securities- Government-Sponsored Enterprises11 48,701 (334)1 20 — 12 48,721 (334)
Collateralized Mortgage Obligations - Government-Sponsored Enterprises20 70,497 (1,328)7 17,640 (5,224)27 88,137 (6,552)
Collateralized Mortgage Obligations - Non-Agency4 10,634 (174)— — — 4 10,634 (174)
Collateralized Loan Obligations3 10,735 (56)6 47,478 (94)9 58,213 (150)
Corporate Debt1 2,494 (6)3 8,783 (689)4 11,277 (695)
Total40 $145,048 $(1,911)17 $73,921 $(6,007)57 $218,969 $(7,918)
December 31, 2025
Less than 12 months
12 Months or Greater
Total
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
Number
of
Securities
Fair
Value
Gross
Unrealized
Losses
(Dollars in Thousands)
Mortgage Backed Securities- Government-Sponsored Enterprises— $— $— 1 $47 $— 1 $47 $— 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises3 13,357 (114)7 18,782 (5,153)10 32,139 (5,267)
Collateralized Mortgage Obligations - Non-Agency3 9,206 (125)— — — 3 9,206 (125)
Collateralized Loan Obligations10 68,567 (194)2 11,174 (11)12 79,741 (205)
Corporate Debt2 3,495 (5)3 8,503 (971)5 11,998 (976)
Total
18 $94,625 $(438)13 $38,506 $(6,135)31 $133,131 $(6,573)
Schedule of Investments Classified by Contractual Maturity Date
The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis.
June 30, 2026
Amortized
Cost		Fair
Value
(Dollars in Thousands)
Due in One Year or Less$72 $72 
Due after One Year through Five Years2,500 2,425 
Due after Five Years through Ten Years43,616 43,202 
Due after Ten Years284,705 278,956 
Total$330,893 $324,655 
Schedule of Realized Gain (Loss)
The following table presents the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. There was no realized gain or loss on sales of debt securities for the periods indicated. All gains and losses presented in the table below are reported in Net Loss on Investment Securities on the Consolidated Statements of Income.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(Dollars in thousands)
Equity Securities
Net Unrealized Loss Recognized on Securities Held$(18)$— $(10)$(56)
Net Realized Loss Recognized on Securities Sold— — — (13)
Net Loss on Equity Securities$(18)$— $(10)$(69)
Net Loss on Investment Securities$(18)$— $(10)$(69)