The tables below show the amortized cost and fair value, by type, of the Company’s available for sale debt securities as of June 30, 2026 and December 31, 2025:


	June 30, 2026
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available for sale:
U.S. government sponsored agencies	$	145,669	$	96	$	7,466	$	138,299
Mortgage-backed securities		189,162		143		8,066		181,239
Corporate bonds		18,920		—		423		18,497
Total available for sale	$	353,751	$	239	$	15,955	$	338,035

	December 31, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available for sale:
U.S. government sponsored agencies	$	151,693	$	353	$	6,072	$	145,974
Mortgage-backed securities		162,984		1,152		5,194		158,942
Corporate bonds		21,670		18		258		21,430
Total available for sale	$	336,347	$	1,523	$	11,524	$	326,346

As of June 30, 2026 and December 31, 2025, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10% of stockholders’ equity.

The Company evaluates securities for impairment when there has been a decline in fair value below the amortized cost basis at least quarterly. Accordingly, management is able to effectively measure and monitor the unrealized loss position on these securities and because the Company does not intend to sell the securities and it is not more-likely-than-not that the Company will be required to sell the investments before recovery of their amortized cost basis, the Company determined no allowance for credit loss was required as of June 30, 2026 or December 31, 2025.

Accrued interest receivable on investment securities totaled $1.7 million as of June 30, 2026 and $1.6 million as of December 31, 2025, and was reported in accrued interest receivable on the statements of financial condition.

A summary of securities with gross unrealized losses at June 30, 2026 and December 31, 2025 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:


	June 30, 2026
	Less Than 12 Months				12 Months or More
			Gross				Gross		Total
	Fair		Unrealized		Fair		Unrealized		Unrealized
	Value		Losses		Value		Losses		Losses
Available for sale:
U.S. government sponsored agencies	$	24,339	$	568	$	108,145	$	6,898	$	7,466
Mortgage-backed securities		107,319		2,732		49,468		5,334		8,066
Corporate bonds		11,561		263		6,936		160		423
Total available for sale	$	143,219	$	3,563	$	164,549	$	12,392	$	15,955

	December 31, 2025
	Less Than 12 Months				12 Months or More
			Gross				Gross		Total
	Fair		Unrealized		Fair		Unrealized		Unrealized
	Value		Losses		Value		Losses		Losses
Available for sale:
U.S. government sponsored agencies	$	11,604	$	57	$	113,976	$	6,015	$	6,072
Mortgage-backed securities		38,440		768		53,397		4,426		5,194
Corporate bonds		—		—		15,707		258		258
Total available for sale	$	50,044	$	825	$	183,080	$	10,699	$	11,524

The amortized cost and estimated fair value by maturity or next repricing date of investment securities at June 30, 2026 are shown in the following table. Fixed rate securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. Accordingly, actual maturities may differ from contractual maturities.


	Amortized		Fair
	Cost		Value
Within one year or less	$	23,248	$	23,028
One through five years		54,060		51,965
After five through ten years		86,978		83,820
Over ten years		189,465		179,222
Total	$	353,751	$	338,035

At June 30, 2026 and December 31, 2025, approximately $8.1 million and $5.9 million of investments were pledged to secure various deposits or borrowings, respectively.

Additional information related to fair value of investment securities is provided in Note 11.