INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

The following tables summarize the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2026 and December 31, 2025

The following tables summarize the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2026 and December 31, 2025, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss on securities available-for-sale. The Company did not record an allowance for credit losses on its securities held-to-maturity portfolio as of June 30, 2026 and December 31, 2025.

		June 30, 2026
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(Dollars in thousands)
Securities available-for-sale:
Debt securities:
Government-sponsored enterprise obligations		$	18,359			$	—			$	(2,191	)		$	16,168
Corporate bonds			13,000				211				(107	)			13,104
Total debt securities			31,359				211				(2,298	)			29,272

Mortgage-backed securities:
Government-sponsored mortgage-backed securities			153,641				432				(19,966	)			134,107
U.S. government guaranteed mortgage-backed securities			8,454				—				(1,235	)			7,219
Total mortgage-backed securities			162,095				432				(21,201	)			141,326

Total securities available-for-sale			193,454				643				(23,499	)			170,598

Securities held-to-maturity:
Debt securities:
U.S. Treasury securities			5,000				—				(55	)			4,945
U.S. government guaranteed obligations			953				—				—				953
Total debt securities			5,953				—				(55	)			5,898

Mortgage-backed securities:
Government-sponsored mortgage-backed securities			175,770				152				(30,631	)			145,291
Total mortgage-backed securities			175,770				152				(30,631	)			145,291

Total securities held-to-maturity			181,723				152				(30,686	)			151,189

Total		$	375,177			$	795			$	(54,185	)		$	321,787

		December 31, 2025
		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
		(Dollars in thousands)
Securities available-for-sale:
Debt securities:
Government-sponsored enterprise obligations		$	18,596			$	—			$	(2,103	)		$	16,493
Corporate bonds			11,000				155				(207	)			10,948
Total debt securities			29,596				155				(2,310	)			27,441

Mortgage-backed securities:
Government-sponsored mortgage-backed securities			162,831				806				(19,936	)			143,701
U.S. government guaranteed mortgage-backed securities			5,767				—				(1,109	)			4,658
Total mortgage-backed securities			168,598				806				(21,045	)			148,359

Total securities available-for-sale			198,194				961				(23,355	)			175,800

Securities held-to-maturity:
Debt securities:
U.S. Treasury securities			5,001				—				(103	)			4,898
U.S. government guaranteed obligations			1,005				2				—				1,007
Total debt securities			6,006				2				(103	)			5,905

Mortgage-backed securities:
Government-sponsored mortgage-backed securities			182,794				219				(30,414	)			152,599
Total mortgage-backed securities			182,794				219				(30,414	)			152,599

Total securities held-to-maturity			188,800				221				(30,517	)			158,504
Total		$	386,994			$	1,182			$	(53,872	)		$	334,304

The following table summarizes the unrealized gains recognized on marketable equity securities for the periods indicated:

The following table summarizes the unrealized gains recognized on marketable equity securities for the periods indicated:


		Six Months Ended June 30
		2026				2025
		(Dollars in thousands)

Net gains recognized during the period on marketable equity securities		$	34			$	20
Net gains (losses) recognized during the period on equity securities sold during the period			—				—
Net unrealized gains recognized during the period on marketable equity securities held at end of period		$	34			$	20

The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2026, by final maturity, are shown below.

The amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2026, by final maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations.

		Available-for-Sale								Held-to-Maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
		(Dollars in thousands)
Debt securities:
Due in one year or less		$	—			$	—			$	5,000			$	4,945
Due after one year through five years			9,952				8,785				—				—
Due after five years through ten years			17,758				16,851				—				—
Due after ten years			3,649				3,636				953				953
Total debt securities		$	31,359			$	29,272			$	5,953			$	5,898

Mortgage-backed securities:
Due in one year or less		$	127			$	126			$	—			$	—
Due after one year through five years			2,481				2,462				—				—
Due after five years through ten years			4,939				4,679				1,501				1,446
Due after ten years			154,548				134,059				174,269				143,845
Total mortgage-backed securities			162,095				141,326				175,770				145,291
Total securities		$	193,454			$	170,598			$	181,723			$	151,189

The following tables summarize the gross unrealized losses and fair value of the Company’s securities portfolio, aggregated by investment category and length of time that individual securities have been in a continuous loss position at June 30, 2026 and December 31, 2025:

The following tables summarize the gross unrealized losses and fair value of the Company’s securities portfolio, aggregated by investment category and length of time that individual securities have been in a continuous loss position at June 30, 2026 and December 31, 2025:

		June 30, 2026
		Less Than Twelve Months															Over Twelve Months
		Number of Securities			Fair Value				Gross Unrealized Loss				Depreciation from Amortized Cost Basis (%)				Number of Securities			Fair Value				Gross Unrealized Loss				Depreciation from Amortized Cost Basis (%)
		(Dollars in thousands)
Securities available-for-sale:
Government-sponsored mortgage-backed securities		4			$	9,482			$	84				0.9	%		72			$	92,634			$	19,882				17.7	%
U.S. government guaranteed mortgage-backed securities		1				2,824				140				4.7			9				4,395				1,095				19.9
Government-sponsored enterprise obligations		—				—				—				—			6				16,168				2,191				11.9
Corporate bonds		1				1,996				4				0.2			2				4,897				103				2.1
Total securities available-for-sale		6				14,302				228							89				118,094				23,271

Securities held-to-maturity:
U.S. Treasury securities		—				—				—				—	%		1				4,945				55				1.1	%
Government-sponsored mortgage-backed securities		1				1,059				6				0.6			36				134,535				30,625				18.5
Total securities held-to-maturity		1				1,059				6							37				139,480				30,680

Total securities		7			$	15,361			$	234							126			$	257,574			$	53,951

		December 31, 2025
		Less Than Twelve Months															Over Twelve Months
		Number of Securities			Fair Value				Gross Unrealized Loss				Depreciation from Amortized Cost Basis (%)				Number of Securities			Fair Value				Gross Unrealized Loss				Depreciation from Amortized Cost Basis (%)
		(Dollars in thousands)
Securities available-for-sale:
Government-sponsored mortgage-backed securities		1			$	1,819			$	7				0.4	%		73			$	100,750			$	19,929				16.5	%
U.S. government guaranteed mortgage-backed securities		—				—				—				—			9				4,658				1,109				19.2
Government-sponsored enterprise obligations		1				1,662				6				0.4			5				14,831				2,097				12.4
Corporate bonds		—				—				—				—			2				4,793				207				4.1
Total securities available-for-sale		2				3,481				13							89				125,032				23,342

Securities held-to-maturity:
U.S. Treasury securities		—				—				—				—	%		1				4,898				103				2.1	%
Government-sponsored mortgage-backed securities		—				—				—				—			36				141,556				30,414				17.7
Total securities held-to-maturity		—				—				—							37				146,454				30,517

Total securities		2			$	3,481			$	13							126			$	271,486			$	53,859