INVESTMENT SECURITIES (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| INVESTMENT SECURITIES |
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| Schedule of gross amortized cost and fair value of available-for-sale debt securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income |
| | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | June 30, 2026 (in thousands) | | Cost | | Gains | | Losses | | Value | | | | | | | | | | | | | | U.S. Treasury securities and U.S. Government agencies | | $ | 269,983 | | $ | 16 | | $ | (3,632) | | $ | 266,367 | Private label mortgage-backed security | | | — | | | 1,360 | | | — | | | 1,360 | Mortgage-backed securities - residential | | | 606,710 | | | 1,129 | | | (9,483) | | | 598,356 | Collateralized mortgage obligations | | | 16,579 | | | 24 | | | (388) | | | 16,215 | Corporate bonds | | | — | | | — | | | — | | | — | Trust preferred security | | | 3,951 | | | 733 | | | — | | | 4,684 | Total available-for-sale debt securities | | $ | 897,223 | | $ | 3,262 | | $ | (13,503) | | $ | 886,982 |
| | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | December 31, 2025 (in thousands) | | Cost | | Gains | | Losses | | Value | | | | | | | | | | | | | | U.S. Treasury securities and U.S. Government agencies | | $ | 294,940 | | $ | 159 | | $ | (1,724) | | $ | 293,375 | Private label mortgage-backed security | | | — | | | 1,439 | | | — | | | 1,439 | Mortgage-backed securities - residential | | | 570,491 | | | 4,210 | | | (6,792) | | | 567,909 | Collateralized mortgage obligations | | | 17,528 | | | 27 | | | (648) | | | 16,907 | Corporate bonds | | | 1,001 | | | — | | | — | | | 1,001 | Trust preferred security | | | 3,924 | | | 138 | | | — | | | 4,062 | Total available-for-sale debt securities | | $ | 887,884 | | $ | 5,973 | | $ | (9,164) | | $ | 884,693 |
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| Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities |
| | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrecognized | | Unrecognized | | Fair | June 30, 2026 (in thousands) | | Cost | | Gains | | Losses | | Value | | | | | | | | | | | | | | Mortgage-backed securities - residential | | $ | 12 | | $ | — | | $ | — | | $ | 12 | Collateralized mortgage obligations | | | 4,534 | | | 3 | | | — | | | 4,537 | Total held-to-maturity debt securities | | $ | 4,546 | | $ | 3 | | $ | — | | $ | 4,549 |
| | | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrecognized | | Unrecognized | | Fair | December 31, 2025 (in thousands) | | Cost | | Gains | | Losses | | Value | | | | | | | | | | | | | | Mortgage-backed securities - residential | | $ | 13 | | $ | — | | $ | — | | $ | 13 | Collateralized mortgage obligations | | | 4,931 | | | 29 | | | (44) | | | 4,916 | Total held-to-maturity debt securities | | $ | 4,944 | | $ | 29 | | $ | (44) | | $ | 4,929 |
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| Schedule of amortized cost and fair value of debt securities by contractual maturity |
| | | | | | | | | | | | | | | Available-for-Sale | | Held-to-Maturity | | | Debt Securities | | Debt Securities | | | Amortized | | Fair | | Amortized | | Fair | June 30, 2026 (in thousands) | | Cost | | Value | | Cost | | Value | | | | | | | | | | | | | | Due in one year or less | | $ | 94,990 | | $ | 94,079 | | $ | — | | $ | — | Due from one year to five years | | | 174,993 | | | 172,288 | | | — | | | — | Due from five years to ten years | | | — | | | — | | | — | | | — | Due beyond ten years | | | 3,951 | | | 4,684 | | | — | | | — | Private label mortgage-backed security | | | — | | | 1,360 | | | — | | | — | Mortgage-backed securities - residential | | | 606,710 | | | 598,356 | | | 12 | | | 12 | Collateralized mortgage obligations | | | 16,579 | | | 16,215 | | | 4,534 | | | 4,537 | Total debt securities | | $ | 897,223 | | $ | 886,982 | | $ | 4,546 | | $ | 4,549 |
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| Schedule of debt securities with unrealized losses |
| | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | | Total | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | June 30, 2026 (in thousands) | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | | | | | | | | | | | | | | | | | | | | Available-for-sale debt securities: | | | | | | | | | | | | | | | | | | | U.S. Treasury securities and U.S. Government agencies | | $ | 172,289 | | $ | (2,704) | | $ | 79,068 | | $ | (928) | | $ | 251,357 | | $ | (3,632) | Mortgage-backed securities - residential | | | 261,134 | | | (2,617) | | | 74,936 | | | (6,866) | | | 336,070 | | | (9,483) | Collateralized mortgage obligations | | | 580 | | | (6) | | | 13,490 | | | (382) | | | 14,070 | | | (388) | Total available-for-sale debt securities | | $ | 434,003 | | $ | (5,327) | | $ | 167,494 | | $ | (8,176) | | $ | 601,497 | | $ | (13,503) |
| | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or more | | Total | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | December 31, 2025 (in thousands) | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | | | | | | | | | | | | | | | | | | | | Available-for-sale debt securities: | | | | | | | | | | | | | | | | | | | U.S. Treasury securities and U.S. Government agencies | | $ | 84,947 | | $ | (53) | | $ | 78,317 | | $ | (1,671) | | $ | 163,264 | | $ | (1,724) | Mortgage-backed securities - residential | | | 84,131 | | | (149) | | | 86,744 | | | (6,643) | | | 170,875 | | | (6,792) | Collateralized mortgage obligations | | | — | | | — | | | 14,242 | | | (648) | | | 14,242 | | | (648) | Total available-for-sale debt securities | | $ | 169,078 | | $ | (202) | | $ | 179,303 | | $ | (8,962) | | $ | 348,381 | | $ | (9,164) |
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| Schedule of pledged investment securities |
| | | | | | | | | | As of | | (in thousands) | | June 30, 2026 | | December 31, 2025 | | | | | | | | | | Amortized cost | | $ | 128,191 | | $ | 168,530 | | Fair value | | | 126,162 | | | 166,757 | | Carrying amount | | | 126,162 | | | 166,757 | |
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| Schedule of the amortized cost and fair value of equity securities with readily determinable fair values |
| | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | June 30, 2026 (in thousands) | | Cost | | Gains | | Losses | | Value | | | | | | | | | | | | | | Freddie Mac preferred stock | | $ | — | | $ | 588 | | $ | — | | $ | 588 |
| | | | | | | | | | | | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | December 31, 2025 (in thousands) | | Cost | | Gains | | Losses | | Value | | | | | | | | | | | | | | Freddie Mac preferred stock | | $ | — | | $ | 945 | | $ | — | | $ | 945 |
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| Schedule of equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized |
| | | | | | | | | | | | | | | | | | | | | | Gains (Losses) Recognized on Equity Securities | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | (in thousands) | | Realized | | Unrealized | | Total | | Realized | | Unrealized | | Total | | | | | | | | | | | | | | | | | | | | | | Freddie Mac preferred stock | | $ | — | | $ | 357 | | $ | 357 | | $ | — | | $ | 32 | | $ | 32 | |
| | | | | | | | | | | | | | | | | | | | | | Gains (Losses) Recognized on Equity Securities | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | (in thousands) | | Realized | | Unrealized | | Total | | Realized | | Unrealized | | Total | | | | | | | | | | | | | | | | | | | | | | Freddie Mac preferred stock | | $ | — | | $ | 357 | | $ | 357 | | $ | — | | $ | 63 | | $ | 63 | |
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