Investment Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Debt Securities, Available-for-Sale |
The following table summarizes the amortized cost and fair value of available-for-sale investment securities, with gross unrealized gains and losses: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | (Dollars in thousands) | | | | | | | | | Securities available-for-sale: | | | | | | | | | Residential MBS | | | | | | | | | Agency | $ | 275,524 | | | $ | 894 | | | $ | (807) | | | $ | 275,611 | | | Non-agency | 20,825 | | | — | | | (297) | | | 20,528 | | | Total residential MBS | 296,349 | | | 894 | | | (1,104) | | | 296,139 | | | Commercial MBS - Agency | 5,974 | | | — | | | (17) | | | 5,957 | | | Asset backed securities | 21,445 | | | — | | | (144) | | | 21,301 | | | Corporate bonds | 2,000 | | | — | | | (56) | | | 1,944 | | | $ | 325,768 | | | $ | 894 | | | $ | (1,321) | | | $ | 325,341 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | (Dollars in thousands) | | | | | | | | | Securities available-for-sale: | | | | | | | | | Residential MBS | | | | | | | | | Agency | $ | 292,071 | | | $ | 291 | | | $ | (547) | | | $ | 291,815 | | | Non-agency | 7,750 | | | — | | | (176) | | | 7,574 | | | Total residential MBS | 299,821 | | | 291 | | | (723) | | | 299,389 | | | Commercial MBS - Agency | 5,979 | | | — | | | (15) | | | 5,964 | | | Asset backed securities | 4,927 | | | 1 | | | (100) | | | 4,828 | | | Corporate bonds | 2,000 | | | — | | | (91) | | | 1,909 | | | $ | 312,727 | | | $ | 292 | | | $ | (929) | | | $ | 312,090 | |
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| Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value |
The following table summarizes available-for-sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded at June 30, 2026 and December 31, 2025, aggregated by major security type and length of time in a continuous unrealized loss position: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Less Than 12 Months | | More Than 12 Months | | Total | | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | | (Dollars in thousands) | | Securities available-for-sale: | | | | | | | | | | | | | | Residential MBS | | | | | | | | | | | | | | Agency | | $ | 97,764 | | | $ | (304) | | | $ | 2,029 | | | $ | (503) | | | $ | 99,793 | | | $ | (807) | | | Non-agency | | 17,576 | | | (108) | | | 2,952 | | | (189) | | | 20,528 | | | (297) | | | Total residential MBS | | 115,340 | | | (412) | | | 4,981 | | | (692) | | | 120,321 | | | (1,104) | | | Commercial MBS - Agency | | — | | | — | | | 5,957 | | | (17) | | | 5,957 | | | (17) | | | Asset backed securities | | 18,664 | | | (41) | | | 2,638 | | | (103) | | | 21,302 | | | (144) | | | Corporate bonds | | — | | | — | | | 1,944 | | | (56) | | | 1,944 | | | (56) | | | | $ | 134,004 | | | $ | (453) | | | $ | 15,520 | | | $ | (868) | | | $ | 149,524 | | | $ | (1,321) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less Than 12 Months | | More Than 12 Months | | Total | | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | | (Dollars in thousands) | | Securities available-for-sale: | | | | | | | | | | | | | | Residential MBS | | | | | | | | | | | | | | Agency | | $ | 109,232 | | | $ | (56) | | | $ | 2,092 | | | $ | (491) | | | $ | 111,324 | | | $ | (547) | | | Non-agency | | 4,327 | | | (1) | | | 3,246 | | | (175) | | | 7,573 | | | (176) | | | Total residential MBS | | 113,559 | | | (57) | | | 5,338 | | | (666) | | | 118,897 | | | (723) | | | Commercial MBS - Agency | | — | | | — | | | 5,965 | | | (15) | | | 5,965 | | | (15) | | | Asset backed securities | | 1,302 | | | — | | | 2,900 | | | (100) | | | 4,202 | | | (100) | | | Corporate bonds | | — | | | — | | | 1,909 | | | (91) | | | 1,909 | | | (91) | | | | $ | 114,861 | | | $ | (57) | | | $ | 16,112 | | | $ | (872) | | | $ | 130,973 | | | $ | (929) | |
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| Schedule of Investments Classified by Contractual Maturity Date |
The amortized cost and fair values of securities, available-for-sale, as of June 30, 2026 and December 31, 2025, by contractual maturity are shown below. Actual maturities may differ from contractual maturities because some issuers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | | | | | June 30, 2026 | | Amortized Cost | | Fair Value | | (Dollars in thousands) | | | Securities available-for-sale: | | | | | Due within one year | $ | — | | | $ | — | | | Due after one but within five years | 2,641 | | | 2,607 | | | Due after five but within ten years | 24,762 | | | 24,582 | | | Due after ten years | 298,365 | | | 298,152 | | | Total | $ | 325,768 | | | $ | 325,341 | |
| | | | | | | | | | | | | December 31, 2025 | | Amortized Cost | | Fair Value | | (Dollars in thousands) | | | Securities available-for-sale: | | | | | Due within one year | $ | — | | | $ | — | | | Due after one but within five years | 1,651 | | | 1,650 | | | Due after five but within ten years | 10,109 | | | 9,902 | | | Due after ten years | 300,967 | | | 300,538 | | | Total | $ | 312,727 | | | $ | 312,090 | |
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