Borrowed Funds (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Summary of Short Term Borrowings |
A summary of short-term borrowed funds without stated maturity dates was as follows for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | 2026 | | 2025 | | (dollars in thousands) | Maximum Month End Balance | | Average Balance | | Weighted Average Interest Rate During the Period | | Maximum Month End Balance | | Average Balance | | Weighted Average Interest Rate During the Period | | Securities sold under agreements to repurchase without stated maturity dates | $ | 116,012 | | | $ | 115,347 | | | 3.46 | % | | $ | 43,208 | | | $ | 40,802 | | | 3.14 | % | | Federal funds purchased | — | | | 1 | | | 4.58 | % | | — | | | — | | | 0.00 | % | | FRB Discount Window | — | | | 275 | | | 3.75 | % | | — | | | 859 | | | 4.50 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30 | | 2026 | | 2025 | | (dollars in thousands) | Maximum Month End Balance | | Average Balance | | Weighted Average Interest Rate During the Period | | Maximum Month End Balance | | Average Balance | | Weighted Average Interest Rate During the Period | | Securities sold under agreements to repurchase without stated maturity dates | $ | 116,012 | | | $ | 101,127 | | | 3.44 | % | | $ | 47,310 | | | $ | 42,150 | | | 3.18 | % | | Federal funds purchased | — | | | 1 | | | 4.67 | % | | — | | | 11 | | | 5.43 | % | | FRB Discount Window | 3,700 | | | 250 | | | 3.14 | % | | — | | | 446 | | | 4.50 | % |
Securities sold under repurchase agreements without stated maturity dates were as follows as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (dollars in thousands) | Amount | | Rate | | Amount | | Rate | | Securities sold under agreements to repurchase without stated maturity dates | $ | 116,012 | | | 3.49 | % | | $ | 68,000 | | | 3.45 | % |
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| Summary of Pledged Financial Instruments |
We had pledged AFS securities and 1-4 family residential real estate loans in the following amounts as of the dates indicated: | | | | | | | | | | | | | | | | | (dollars in thousands) | June 30,
2026 | | December 31,
2025 | | Pledged to secure borrowed funds | $ | 447,298 | | | $ | 424,163 | | | Pledged to secure repurchase agreements | 143,628 | | | 87,752 | | | Pledged for public deposits and for other purposes necessary or required by law | 70,029 | | | 69,337 | | | Total | $ | 660,955 | | | $ | 581,252 | |
AFS securities pledged to repurchase agreements consisted of the following as of the dates indicated: | | | | | | | | | | | | | | | | | (dollars in thousands) | June 30,
2026 | | December 31,
2025 | | U.S. Treasury | $ | 19,712 | | | $ | 78,992 | | | Agency mortgage-backed securities | 6,198 | | | 6,928 | | | Agency collateralized mortgage obligations | 117,718 | | | 1,832 | | | Total | $ | 143,628 | | | $ | 87,752 | |
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| Schedule of Federal Home Loan Bank, Advances |
The following table lists the maturities and weighted average interest rates of FHLB advances as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (dollars in thousands) | Amount | | Rate | | Amount | | Rate | | Fixed rate due 2026 | $ | — | | | 0.00 | % | | $ | 45,000 | | | 3.92 | % |
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| Schedule of Subordinated Notes |
The following table summarizes our outstanding subordinated notes as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | (dollars in thousands) | Amount | | Rate | | Amount | | Rate | Fixed rate at 3.25% to floating, due 2031 | $ | 30,000 | | | 6.23 | % | | $ | 30,000 | | | 3.25 | % | | Unamortized issuance costs | (441) | | | | | (486) | | | | | Total subordinated debt, net | $ | 29,559 | | | | | $ | 29,514 | | | |
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