v3.26.1
SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Values of Securities Available-for-Sale, with Gross Unrealized Gains and Losses
The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows:
June 30, 2026
(dollars in thousands)Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$79,851$—$(4,271)$—$75,580
U.S. government agency133,067233(1,929)—131,371
Municipal218,152280(13,855)—204,577
Mortgage-backed:
Agency residential487,0161,210(11,719)—476,507
Agency commercial145,48720(7,239)—138,268
Corporate59,846801(1,042)—59,605
Total available-for-sale$1,123,419$2,544$(40,055)$—$1,085,908
June 30, 2026
(dollars in thousands)Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,508$—$(5,690)$82,818$—
Municipal27,237223(53)27,407—
Mortgage-backed:
Agency residential71,1685(3,317)67,856—
Agency commercial256,1297(25,743)230,393—
Total held-to-maturity$443,042$235$(34,803)$408,474$—
December 31, 2025
(dollars in thousands)Amortized CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$89,796$—$(4,252)$—$85,544
U.S. government agency42,399146(1,123)—41,422
Municipal152,144188(12,062)—140,270
Mortgage-backed:
Agency residential364,5673,605(7,377)—360,795
Agency commercial127,004107(7,174)—119,937
Corporate65,957621(1,445)—65,133
Total available-for-sale$841,867$4,667$(33,433)$—$813,101
December 31, 2025
(dollars in thousands)Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,496$—$(4,850)$83,646$—
Municipal28,214353(58)28,509—
Mortgage-backed:
Agency residential75,53623(2,544)73,015—
Agency commercial266,50025(24,896)241,629—
Total held-to-maturity$458,746$401$(32,348)$426,799$—
The following table presents gross unrealized losses and fair value of debt securities available-for-sale that do not have an associated allowance for credit losses as of June 30, 2026 and December 31, 2025, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position:
June 30, 2026
Investments in a Continuous Unrealized Loss Position
Less than 12 Months12 Months or MoreTotal
(dollars in thousands)
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Available-for-sale:
U.S. Treasury$— $— $(4,271)$75,580 $(4,271)$75,580 
U.S. government agency(918)80,524 (1,011)29,291 (1,929)109,815 
Municipal(1,347)51,058 (12,508)124,480 (13,855)175,538 
Mortgage-backed:
Agency residential(4,340)270,177 (7,379)93,795 (11,719)363,972 
Agency commercial(465)46,597 (6,774)89,172 (7,239)135,769 
Corporate(79)6,921 (963)17,940 (1,042)24,861 
Total available-for-sale$(7,149)$455,277 $(32,906)$430,258 $(40,055)$885,535 
December 31, 2025
Investments in a Continuous Unrealized Loss Position
Less than 12 Months12 Months or MoreTotal
(dollars in thousands)
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Available-for-sale:
U.S. Treasury$— $— $(4,252)$85,544 $(4,252)$85,544 
U.S. government agency(18)2,956 (1,105)30,744 (1,123)33,700 
Municipal(35)4,525 (12,027)123,881 (12,062)128,406 
Mortgage-backed:
Agency residential(231)45,392 (7,146)121,114 (7,377)166,506 
Agency commercial(7)4,442 (7,167)95,580 (7,174)100,022 
Corporate(57)8,728 (1,388)24,932 (1,445)33,660 
Total available-for-sale$(348)$66,043 $(33,085)$481,795 $(33,433)$547,838 
Schedule of Amortized Cost and Fair Values of Securities Held-to-Maturity, with Gross Unrealized Gains and Losses
The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows:
June 30, 2026
(dollars in thousands)Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$79,851$—$(4,271)$—$75,580
U.S. government agency133,067233(1,929)—131,371
Municipal218,152280(13,855)—204,577
Mortgage-backed:
Agency residential487,0161,210(11,719)—476,507
Agency commercial145,48720(7,239)—138,268
Corporate59,846801(1,042)—59,605
Total available-for-sale$1,123,419$2,544$(40,055)$—$1,085,908
June 30, 2026
(dollars in thousands)Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,508$—$(5,690)$82,818$—
Municipal27,237223(53)27,407—
Mortgage-backed:
Agency residential71,1685(3,317)67,856—
Agency commercial256,1297(25,743)230,393—
Total held-to-maturity$443,042$235$(34,803)$408,474$—
December 31, 2025
(dollars in thousands)Amortized CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$89,796$—$(4,252)$—$85,544
U.S. government agency42,399146(1,123)—41,422
Municipal152,144188(12,062)—140,270
Mortgage-backed:
Agency residential364,5673,605(7,377)—360,795
Agency commercial127,004107(7,174)—119,937
Corporate65,957621(1,445)—65,133
Total available-for-sale$841,867$4,667$(33,433)$—$813,101
December 31, 2025
(dollars in thousands)Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,496$—$(4,850)$83,646$—
Municipal28,214353(58)28,509—
Mortgage-backed:
Agency residential75,53623(2,544)73,015—
Agency commercial266,50025(24,896)241,629—
Total held-to-maturity$458,746$401$(32,348)$426,799$—
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity, as of June 30, 2026, 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.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)
Amortized
Cost
Fair Value
Amortized
Cost
Fair Value
Due in 1 year or less$46,543 $46,043 $13,285 $13,249 
Due after 1 year through 5 years167,518 155,689 68,604 65,614 
Due after 5 years through 10 years202,368 197,049 31,926 29,470 
Due after 10 years74,487 72,352 1,930 1,892 
Mortgage-backed:
Agency residential487,016 476,507 71,168 67,856 
Agency commercial145,487 138,268 256,129 230,393 
Total$1,123,419 $1,085,908 $443,042 $408,474 
Schedule of Sales of Debt Securities
Sales of debt securities were as follows during the three and six months ended June 30:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Proceeds from sales$—$—$313,077 $— 
Gross realized gains——— — 
Gross realized losses——— — 
Schedule of the Initial Cost and Carrying Value of Equity Securities with Cumulative Net Unrealized Gains and (Losses)
The initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses were as follows:
June 30, 2026
(dollars in thousands)Readily
Determinable
Fair Value		No Readily
Determinable
Fair Value
Initial cost$3,269 $6,807 
Cumulative net unrealized gains (losses)277 (369)
Carrying value$3,546 $6,438 
December 31, 2025
(dollars in thousands)Readily
Determinable
Fair Value		No Readily
Determinable
Fair Value
Initial cost$3,124 $2,981 
Cumulative net unrealized gains (losses)198 (369)
Carrying value$3,322 $2,612 
Schedule of Unrealized Gains (Losses) on Equity Securities
Unrealized gains (losses) on equity securities were as follows during the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Readily determinable fair value$191$23 $79 $31 
No readily determinable fair value——— — 
Unrealized gains (losses) on equity securities$191$23 $79 $31