Investment Securities (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Investment Securities [Abstract] | |
| Schedule of Available-for-sale Securities and Held-to-maturity Securities Reconciliation | June 30, 2026 Available-for-sale: Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government Agency $ 11,883 $ - $ (1,028) $ 10,855 Collateralized mortgage obligations 84,406 - (17,307) 67,099 Mortgage-backed securities - residential 34,909 108 (6,026) 28,991 Mortgage-backed securities - commercial 215,345 171 (8,517) 206,999 Municipal securities 5,191 - (966) 4,225 Bank subordinated debt securities 14,578 226 (114) 14,690 $ 366,312 $ 505 $ (33,958) $ 332,859 June 30, 2026 Held-to-maturity: Amortized Cost Unrecognized Gains Unrecognized Losses Fair Value U.S. Government Agency $ 37,328 $ 67 $ (3,266) $ 34,129 Collateralized mortgage obligations 48,762 705 (5,646) 43,821 Mortgage-backed securities - residential 35,188 628 (3,294) 32,522 Mortgage-backed securities - commercial 14,849 - (1,144) 13,705 $ 136,127 $ 1,400 $ (13,350) $ 124,177 Allowance for credit losses - securities held-to-maturity - Securities held-to maturity, net of allowance for credit losses $ 136,127 December 31, 2025 Available-for-sale: Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government Agency $ 15,169 $ 18 $ (1,043) $ 14,144 Collateralized mortgage obligations 92,871 - (17,043) 75,828 Mortgage-backed securities - residential 35,865 135 (6,083) 29,917 Mortgage-backed securities - commercial 174,622 347 (6,861) 168,108 Municipal securities 5,196 - (933) 4,263 Bank subordinated debt securities 15,284 189 (243) 15,230 $ 339,007 $ 689 $ (32,206) $ 307,490 December 31, 2025 Held-to-maturity: Amortized Cost Unrecognized Gains Unrecognized Losses Fair Value U.S. Government Agency $ 41,158 $ 91 $ (3,279) $ 37,970 Collateralized mortgage obligations 51,431 854 (5,499) 46,786 Mortgage-backed securities - residential 37,221 760 (3,263) 34,718 Mortgage-backed securities - commercial 15,088 - (1,037) 14,051 Corporate bonds 9,045 - (62) 8,983 $ 153,943 $ 1,705 $ (13,140) $ 142,508 Allowance for credit losses - securities held-to-maturity (2) Securities held-to maturity, net of allowance for credit losses $ 153,941 |
| Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value | June 30, 2026 Less than 12 months 12 months or more Total Available-for-Sale: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government Agency $ 5,072 $ (129) $ 5,783 $ (899) $ 10,855 $ (1,028) Collateralized mortgage obligations 3,760 (129) 63,339 (17,178) 67,099 (17,307) Mortgage-backed securities - residential - - 21,886 (6,026) 21,886 (6,026) Mortgage-backed securities - commercial 114,454 (1,368) 60,238 (7,149) 174,692 (8,517) Municipal securities - - 4,225 (966) 4,225 (966) Bank subordinated debt securities 1,731 (19) 6,396 (95) 8,127 (114) $ 125,017 $ (1,645) $ 161,867 $ (32,313) $ 286,884 $ (33,958) December 31, 2025 Less than 12 months 12 months or more Total Available-for-sale: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government Agency $ 5,937 $ (59) $ 5,649 $ (984) $ 11,586 $ (1,043) Collateralized mortgage obligations 8,929 (93) 66,899 (16,950) 75,828 (17,043) Mortgage-backed securities - residential - - 22,695 (6,083) 22,695 (6,083) Mortgage-backed securities - commercial 59,655 (477) 56,852 (6,384) 116,507 (6,861) Municipal securities - - 4,263 (933) 4,263 (933) Bank subordinated debt securities 2,020 (4) 7,234 (239) 9,254 (243) $ 76,541 $ (633) $ 163,592 $ (31,573) $ 240,133 $ (32,206) |
| Schedule of Realized Gains and Losses | Three Months Ended June 30, Six Months Ended June 30, Available-for-sale: 2026 2025 2026 2025 Proceeds from sale and call of securities $ - $ - $ 37,181 $ - Gross gains $ - $ - $ 82 $ - Gross losses - - (68) - Net realized gain $ - $ - $ 14 $ - |
| Amortized Cost and Fair Value of Investment Securities by Contractual Maturity Date | Available-for-sale Held-to-maturity June 30, 2026: Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ - $ - $ - $ - Due after one year through five years 2,000 1,990 - - Due after five years through ten years 17,769 16,925 - - Due after ten years - - - - U.S. Government Agency 11,883 10,855 37,328 34,129 Collateralized mortgage obligations 84,406 67,099 48,762 43,821 Mortgage-backed securities - residential 34,909 28,991 35,188 32,522 Mortgage-backed securities - commercial 215,345 206,999 14,849 13,705 $ 366,312 $ 332,859 $ 136,127 $ 124,177 |