v3.26.1
INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Held-to-Maturity Debt Securities The amortized cost of held-to-maturity debt securities and their approximate fair values at June 30, 2026 and December 31, 2025 were as follows:
(dollars in thousands)Amortized Cost
Gross
Unrecognized
Gains
Gross
Unrecognized
Losses
Estimated Fair
Value
June 30, 2026
Taxable municipals$555 $— $(73)$482 
Tax exempt municipals
52,206 — (3,634)48,572 
$52,761 $— $(3,707)$49,054 
December 31, 2025
Taxable municipals$555 $— $(63)$492 
Tax exempt municipals
52,381 — (3,565)48,816 
$52,936 $— $(3,628)$49,308 
Schedule of Amortized Cost and Fair Value of Available-for-Sale Debt Securities
The amortized cost of available-for-sale debt securities and their approximate fair values at June 30, 2026 and December 31, 2025 were as follows:
(dollars in thousands)Amortized CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated Fair
Value
June 30, 2026
U.S. government and agency and government sponsored enterprise securities:
Mortgage-backed securities$234,327 $891 $(5,315)$229,903 
SBA securities 3,134 7 (53)3,088 
U.S. Treasury2,628 — (186)2,442 
U.S. Agency2,000 — (224)1,776 
Collateralized mortgage obligations73,194 119 (2,664)70,649 
Taxable municipals1,006 1 (73)934 
$316,289 $1,018 $(8,515)$308,792 
(dollars in thousands)Amortized CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated Fair
Value
December 31, 2025
U.S. government and agency and government sponsored enterprise securities:
Mortgage-backed securities$161,376 $2,041 $(2,401)$161,016 
SBA securities3,862 8 (54)3,816 
U.S. Treasury2,654 — (182)2,472 
U.S. Agency2,000 — (207)1,793 
Collateralized mortgage obligations66,293 457 (1,895)64,855 
Taxable municipals1,006 — (68)938 
$237,191 $2,506 $(4,807)$234,890 
Schedule of Debt Securities Classified by Contractual Maturities
The amortized cost and estimated fair value of all held-to-maturity and available-for-sale debt securities as of June 30, 2026 by contractual maturities are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Held-to-MaturityAvailable-for-Sale
(dollars in thousands)Amortized
Cost		Estimated Fair
Value		Amortized
Cost		Estimated Fair
Value
June 30, 2026
Due in one year or less$— $— $116 $117 
Due after one year through five years— — 10,917 10,287 
Due after five years through ten years44,597 41,600 13,568 12,511 
Due after ten years8,164 7,454 291,688 285,877 
$52,761 $49,054 $316,289 $308,792 
Schedule of Gross Unrealized Losses and Estimated Fair Values of Available-for-Sale Debt Securities
The gross unrealized losses and related estimated fair values of all available-for-sale debt securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2026 and December 31, 2025 are summarized as follows:
Less than 12 Months12 Months or LongerTotal
(dollars in thousands)Unrealized
Losses		Estimated
Fair
Value		Unrealized
Losses		Estimated
Fair
Value		Unrealized
Losses		Estimated
Fair
Value
June 30, 2026:
Available-for-sale debt securities:
U.S. government and agency and government sponsored enterprise securities:
Mortgage-backed securities
$(3,159)$151,782 $(2,156)$20,848 $(5,315)$172,630 
SBA securities— — (53)2,282 (53)2,282 
U.S. Treasury— — (186)2,442 (186)2,442 
U.S. Agency— — (224)1,776 (224)1,776 
Collateralized mortgage obligations(472)34,079 (2,192)25,163 (2,664)59,242 
Taxable municipals— — (73)432 (73)432 
$(3,631)$185,861 $(4,884)$52,943 $(8,515)$238,804 
December 31, 2025:
U.S. government and agency and government sponsored enterprise securities:
Mortgage-backed securities
$(329)$47,667 $(2,072)$28,726 $(2,401)$76,393 
SBA securities— — (54)2,813 (54)2,813 
U.S. Treasury— — (182)2,472 (182)2,472 
U.S. Agency— — (207)1,793 (207)1,793 
Collateralized mortgage obligations(35)7,971 (1,860)25,234 (1,895)33,205 
Taxable municipals— — (68)438 (68)438 
$(364)$55,638 $(4,443)$61,476 $(4,807)$117,114 
Schedule of Restricted Stock Investments
The table below summarizes the Company’s restricted stock investments at June 30, 2026 and December 31, 2025:
(dollars in thousands)June 30,
2026		December 31,
2025
Federal Reserve Bank$15,636 $15,627 
Federal Home Loan Bank15,305 15,305 
$30,941 $30,932 
Schedule of Activity in Qualifying Low Income Housing Projects
The following table presents activity in qualifying low income housing projects for the three and six months ended June 30, 2026 and 2025 follows:
Three Months EndedSix Months Ended
(dollars in thousands)June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Amortization expense included in income tax expense$233 $268 $466 $574 
Tax benefits and other tax benefits recognized267 253 582 506 
Contributions57 301 87 415