v3.26.3
SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Gross Realized and Unrealized Gains (Losses) Recognized on Equity Securities The gross realized and unrealized gains and losses recognized on equity securities with readily determinable fair values included in noninterest income in the Company’s consolidated statements of income were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in thousands)2026202520262025
Unrealized gains (losses) on equity securities held at the reporting date$(171)$43 $(219)$124 
Realized gains (losses) on equity securities sold during the period— — — — 
$(171)$43 $(219)$124 
Schedule of Equity Securities without Readily Determinable Fair Value
The following table summarizes the Company's investments in equity securities without readily determinable fair values:
(Dollars in thousands)September 30, 2026December 31, 2025
Equity Securities without readily determinable fair value, at cost$71,780 $75,499 
Upward adjustments based on observable price changes, cumulative 10,163 10,163 
Impairments and downward adjustments based on observable price changes, cumulative (1,212)(1,212)
Equity Securities without readily determinable fair value, carrying value$80,731 $84,450 
Schedule of Amortized Cost of Securities and Their Estimated Fair Values The following table summarizes the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses of held to maturity securities:
(Dollars in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance
for Credit
Losses		Fair
Value
September 30, 2026
Available for sale securities:
Mortgage-backed securities, residential$91,291 $26 $(6,693)$— $84,624 
Asset-backed securities727 — — — 727 
State and municipal2,634 — (98)— 2,536 
CLO securities112,426 221 (2)— 112,645 
Corporate bonds264 — (19)— 245 
SBA pooled securities952 7 (60)— 899 
Total available for sale securities$208,294 $254 $(6,872)$— $201,676 
(Dollars in thousands)Amortized
Cost		Gross
Unrecognized
Gains		Gross
Unrecognized
Losses		Fair
Value
September 30, 2026
Held to maturity securities:
CLO securities$3,042 $— $(2,652)$390 
Allowance for credit losses(2,488)
Total held to maturity securities, net of ACL$554 
(Dollars in thousands)Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance for Credit LossesFair
Value
December 31, 2025
Available for sale securities:
Mortgage-backed securities, residential$91,642 $462 $(3,604)$— $88,500 
Asset-backed securities812 — (1)— 811 
State and municipal2,638 — (49)— 2,589 
CLO Securities270,148 926 — — 271,074 
Corporate bonds265 — (2)— 263 
SBA pooled securities1,079 10 (49)— 1,040 
Total available for sale securities$366,584 $1,398 $(3,705)$— $364,277 
(Dollars in thousands)Amortized
Cost		Gross
Unrecognized
Gains		Gross
Unrecognized
Losses		Fair
Value
December 31, 2025
Held to maturity securities:
CLO securities$3,178 $— $(1,300)$1,878 
Allowance for credit losses(1,628)
Total held to maturity securities, net of ACL$1,550 
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity
The amortized cost and estimated fair value of securities at September 30, 2026, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Available for Sale SecuritiesHeld to Maturity Securities
(Dollars in thousands)Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due in one year or less$1,150 $1,133 $— $— 
Due from one year to five years980 969 3,042 390 
Due from five years to ten years16,592 16,541 — — 
Due after ten years96,602 96,783 — — 
115,324 115,426 3,042 390 
Mortgage-backed securities, residential91,291 84,624 — — 
Asset-backed securities727 727 — — 
SBA pooled securities952 899 — — 
$208,294 $201,676 $3,042 $390 
Schedule of Available-for-Sale Debt Securities in an Unrealized Loss Position with No Allowance
The following table summarizes available for sale debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous loss position:
Less than 12 Months12 Months or MoreTotal
(Dollars in thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
September 30, 2026
Available for sale securities:
 Mortgage-backed securities, residential $48,473 $(1,999)$23,493 $(4,694)$71,966 $(6,693)
 Asset-backed securities — — — — — — 
 State and municipal 1,036 (5)1,501 (93)2,537 (98)
 CLO securities 10,598 (2)— — 10,598 (2)
 Corporate bonds 244 (19)— — 244 (19)
 SBA pooled securities — — 625 (60)625 (60)
$60,351 $(2,025)$25,619 $(4,847)$85,970 $(6,872)
Less than 12 Months12 Months or MoreTotal
(Dollars in thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
December 31, 2025
Available for sale securities:
Mortgage-backed securities, residential$14,533 $(85)$30,284 $(3,519)$44,817 $(3,604)
Asset-backed securities811 (1)— — 811 (1)
State and municipal505 — 1,544 (49)2,049 (49)
CLO Securities— — — — — — 
Corporate bonds— — 263 (2)263 (2)
SBA pooled securities— — 747 (49)747 (49)
$15,849 $(86)$32,838 $(3,619)$48,687 $(3,705)
Schedule of Activity in Allowance for Credit Losses for Held To Maturity Debt Securities
The following table presents the activity in the allowance for credit losses for held to maturity debt securities:
(Dollars in thousands)Three Months Ended September 30,Nine Months Ended September 30,
Held to Maturity CLO Securities2026202520262025
Allowance for credit losses:
Beginning balance$2,105 $1,399 $1,628 $3,491 
Credit loss expense361 — 733 48 
Charge-offs— — — (2,160)
Recoveries22 — 127 20 
Allowance for credit losses ending balance$2,488 $1,399 $2,488 $1,399