Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Fair Value of Securities |
The fair value of available-for-sale securities is as follows. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized Cost | | Allowance for Credit Losses | | Net Carrying Amount | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Available for sale | | | | | | | | | | | | | U.S. Treasury, federal agencies, and government sponsored agencies | $ | 15,695 | | | $ | — | | | $ | 15,695 | | | $ | 19 | | | — | | | $ | 15,714 | | | State and municipal | 355,584 | | | — | | | 355,584 | | | 4,016 | | | (31,874) | | | 327,726 | | | U.S. government agency mortgage-backed securities | 516,897 | | | — | | | 516,897 | | | 441 | | | (2,682) | | | 514,656 | | | | | | | | | | | | | | | Corporate notes | 42,750 | | | (120) | | | 42,630 | | | — | | | (2,962) | | | 39,668 | | | Total available for sale investment securities | $ | 930,926 | | | $ | (120) | | | $ | 930,806 | | | $ | 4,476 | | | $ | (37,518) | | | $ | 897,764 | |
The fair value of trading securities is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | | | Held for Trading | | | | | | | | | | | | | | | U.S. Treasury, federal agencies, and government sponsored agencies | $ | 3,885 | | | $ | 3,883 | | | | | | | | | | | | | State and municipal | — | | | — | | | | | | | | | | | | | U.S. government agency mortgage-backed securities | — | | | — | | | | | | | | | | | | | Corporate notes | — | | | — | | | | | | | | | | | | | Total trading securities | $ | 3,885 | | | $ | 3,883 | | | | | | | | | | | |
For the three and six-months ending June 30, 2026, the net gains (losses) on trading securities were determined to be immaterial to the consolidated financial statements. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Allowance for Credit Losses | | Net Carrying Amount | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Available for sale | | | | | | | | | | | | | U.S. Treasury, federal agencies, and government sponsored agencies | $ | 16,837 | | | $ | — | | | $ | 16,837 | | | $ | 70 | | | $ | (2) | | | $ | 16,905 | | | State and municipal | 353,559 | | | — | | | 353,559 | | | 2,109 | | | (36,003) | | | 319,665 | | | U.S. government agency mortgage-backed securities | 489,683 | | | — | | | 489,683 | | | 4,725 | | | (234) | | | 494,174 | | | Corporate notes | 48,750 | | | (120) | | | 48,630 | | | — | | | (3,960) | | | 44,670 | | | Total available for sale investment securities | $ | 908,829 | | | $ | (120) | | | $ | 908,709 | | | $ | 6,904 | | | $ | (40,199) | | | $ | 875,414 | | | | | | | | | | | | | |
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| Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity |
The amortized cost and fair value of securities available for sale and at June 30, 2026, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | | | | | | | | | June 30, 2026 | | | | Amortized Cost | | Fair Value | | | | | | Available for sale | | | | | | | | | Within one year | $ | 15,303 | | | $ | 15,302 | | | | | | | One to five years | 47,899 | | | 46,782 | | | | | | | Five to ten years | 64,572 | | | 61,241 | | | | | | | After ten years | 286,255 | | | 259,783 | | | | | | | 414,029 | | | 383,108 | | | | | | | U.S. government agency mortgage-backed securities | 516,897 | | | 514,656 | | | | | | | | | | | | | | | Total available for sale investment securities | $ | 930,926 | | | $ | 897,764 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value |
The following tables show the gross unrealized losses and the fair value of the Company’s available for sale investments in which an allowance for credit losses were not recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Less than 12 Months | | 12 Months or More | | Total | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Available for Sale Investment Securities | | | | | | | | | | | | | U.S. Treasury, federal agencies, and government sponsored agencies | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | State and municipal | 17,421 | | | (625) | | | 182,251 | | | (31,249) | | | 199,672 | | | (31,874) | | | U.S. government agency mortgage-backed securities | 337,008 | | | (2,668) | | | 181 | | | (14) | | | 337,189 | | | (2,682) | | | | | | | | | | | | | | | Corporate notes | — | | | — | | | 35,694 | | | (2,056) | | | 35,694 | | | (2,056) | | | Total available for sale investment securities | $ | 354,429 | | | $ | (3,293) | | | $ | 218,126 | | | $ | (33,319) | | | $ | 572,555 | | | $ | (36,612) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less than 12 Months | | 12 Months or More | | Total | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Available for Sale Investment Securities | | | | | | | | | | | | | U.S. Treasury, federal agencies, and government sponsored agencies | $ | — | | | $ | — | | | $ | 748 | | | $ | (2) | | | $ | 748 | | | $ | (2) | | | State and municipal | 26,804 | | | (725) | | | 200,978 | | | (35,278) | | | 227,782 | | | (36,003) | | | U.S. government agency mortgage-backed securities | 40,547 | | | (221) | | | 200 | | | (13) | | | 40,747 | | | (234) | | | | | | | | | | | | | | | Corporate notes | — | | | — | | | 40,799 | | | (2,951) | | | 40,799 | | | (2,951) | | | Total available for sale investment securities | $ | 67,351 | | | $ | (946) | | | $ | 242,725 | | | $ | (38,244) | | | $ | 310,076 | | | $ | (39,190) | |
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| Schedule of Allowance for Credit Loss on Available-for-Sale Debt Securities |
The following table details activity in the allowance for credit losses on available for sale debt securities during the three and six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | June 30, | | June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | Beginning balance | $ | 120 | | | $ | — | | | $ | 120 | | | $ | — | | | Credit loss expense (benefit) | — | | | 150 | | | — | | | 150 | | | Ending balance | $ | 120 | | | $ | 150 | | | $ | 120 | | | $ | 150 | |
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| Schedule of Allowance for Credit Losses on Held-To-Maturity Securities |
The following table details activity in the allowance for credit losses on held-to-maturity securities during the three and six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | June 30, | | June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Beginning balance | $ | — | | | $ | 140 | | | $ | — | | | $ | 158 | | | Credit loss expense (benefit) | — | | | 2 | | | — | | | (16) | | | Ending balance | $ | — | | | $ | 142 | | | $ | — | | | $ | 142 | |
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| Schedule of Sales of Securities Available for Sale |
Information regarding securities proceeds, gross gains, and gross losses are presented below: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | June 30, | | June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Sales of available for sale securities | | | | | | | | | Proceeds | $ | — | | | $ | — | | | $ | — | | | $ | 4,132 | | | Gross gains | — | | | — | | | — | | | — | | | Gross losses | — | | | — | | | — | | | (407) | |
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| Fair Value And Amortized Costs Of Pledged Securities |
The following table represents the fair value and amortized costs of pledged securities, excluding overnight repurchase agreements. | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Fair Value | | Amortized Cost | | Fair Value | | Amortized Cost | | Pledged securities for borrowing availability at the Federal Reserve | $ | 115,106 | | | $ | 139,797 | | | $ | 114,727 | | | $ | 140,512 | | | | | | | | | | | | | | | | | |
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