v3.26.3
INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of available for sale and held to maturity investment securities
The following tables present the amortized cost, fair value and related ACL on available-for-sale ("AFS") and held-to-maturity ("HTM") investment securities as of September 30, 2026 and December 31, 2025 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:

(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueACL
September 30, 2026
Available-for-sale:
Debt securities:
States and political subdivisions$140,209 $— $(31,406)$108,803 $— 
Corporate securities15,000 16 (331)14,685 — 
U.S. Treasury and other government-sponsored entities and agencies95,307 26 (3,452)91,881 — 
Collateralized loan obligations110,147 50 (142)110,055 — 
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies455,824 10 (56,136)399,698 — 
Residential - Non-government agencies14,768 — (1,394)13,374 — 
Commercial - U.S. government-sponsored entities and agencies82,095 150 (14,511)67,734 — 
Total available-for-sale investment securities$913,350 $252 $(107,372)$806,230 $— 

(Dollars in thousands)Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair ValueACL
September 30, 2026
Held-to-maturity:
Debt securities:
States and political subdivisions$41,794 $— $(9,068)$32,726 $— 
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies493,388 — (91,480)401,908 — 
Total held-to-maturity investment securities$535,182 $— $(100,548)$434,634 $— 
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueACL
December 31, 2025
Available-for-sale:
Debt securities:
States and political subdivisions$141,163 $55 $(24,177)$117,041 $— 
U.S. Treasury and other government-sponsored entities and agencies100,215 1,103 (1,293)100,025 — 
Collateralized loan obligations40,960 32 (165)40,827 — 
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies442,221 3,032 (38,200)407,053 — 
Residential - Non-government agencies15,935 150 (722)15,363 — 
Commercial - U.S. government-sponsored entities and agencies79,040 415 (11,552)67,903 — 
Total available-for-sale investment securities$819,534 $4,787 $(76,109)$748,212 $— 


(Dollars in thousands)Amortized CostGross Unrecognized GainsGross Unrecognized LossesFair ValueACL
December 31, 2025
Held-to-maturity:
Debt securities:
States and political subdivisions$41,925 $— $(7,226)$34,699 $— 
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies520,466 131 (59,451)461,146 — 
Total held-to-maturity investment securities$562,391 $131 $(66,677)$495,845 $— 
Schedule of amortized cost and estimated fair value of investment securities by contractual maturity
The amortized cost, estimated fair value and weighted average yield of the Company's AFS and HTM investment securities as of September 30, 2026, are presented below, grouped by contractual maturity. Expected maturities may differ from contractual maturities due to the issuer's option to call or prepay obligations, with or without penalties. Securities that are not due at a single maturity date, such as mortgage-backed securities and other asset-backed investments, are presented separately.

(Dollars in thousands)Amortized CostFair Value
Weighted Average Yield (1)
September 30, 2026
Available-for-sale:
Debt securities:
Due in one year or less$1,387 $1,377 2.87 %
Due after one year through five years67,936 64,578 3.67 
Due after five years through ten years53,825 49,615 4.21 
Due after ten years127,368 99,799 2.91 
Collateralized loan obligations110,147 110,055 5.07 
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies455,824 399,698 3.04 
Residential - Non-government agencies14,768 13,374 4.29 
Commercial - U.S. government-sponsored entities and agencies82,095 67,734 2.91 
Total available-for-sale securities$913,350 $806,230 3.43 %

(Dollars in thousands)Amortized CostFair Value
Weighted Average Yield (1)
September 30, 2026
Held-to-maturity:
Debt securities:
Due after ten years$41,794 $32,726 2.29 %
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies493,388 401,908 1.84 
Total held-to-maturity securities$535,182 $434,634 1.89 %
(1)Weighted-average yields are computed on an annual basis, and yields on tax-exempt obligations are computed on a taxable-equivalent basis using a federal statutory tax rate of 21%.
Schedule of investment securities in an unrealized loss position
The following tables summarize AFS and HTM investment securities that were in a loss position as of the dates presented. The data is aggregated by major security type and the length of time the securities have been in a continuous loss position.

There were a total of 229 and 179 AFS investment securities that were in an unrealized loss position, without an ACL, as of September 30, 2026 and December 31, 2025, respectively. There were a total of 83 and 81 HTM investment securities that were in an unrecognized loss position, without an ACL, as of September 30, 2026 and December 31, 2025, respectively.

Less Than 12 Months12 Months or LongerTotal
(Dollars in thousands)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
September 30, 2026
Available-for-sale:
Debt securities:
States and political subdivisions$17,526 $(1,315)$91,277 $(30,091)$108,803 $(31,406)
Corporate securities9,669 (331)— — 9,669 (331)
U.S. Treasury and other government-sponsored entities and agencies72,482 (1,847)10,339 (1,605)82,821 (3,452)
Collateralized loan obligations80,650 (142)— — 80,650 (142)
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies168,450 (6,238)227,494 (49,898)395,944 (56,136)
Residential - Non-government agencies7,253 (448)6,121 (946)13,374 (1,394)
Commercial - U.S. government-sponsored entities and agencies16,920 (452)45,005 (14,059)61,925 (14,511)
Total$372,950 $(10,773)$380,236 $(96,599)$753,186 $(107,372)

Less Than 12 Months12 Months or LongerTotal
(Dollars in thousands)Fair ValueGross Unrecognized LossesFair ValueGross Unrecognized LossesFair ValueGross Unrecognized Losses
September 30, 2026
Held-to-maturity:
Debt securities:
States and political subdivisions$— $— $32,726 $(9,068)$32,726 $(9,068)
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies7,608 (45)394,300 (91,435)401,908 (91,480)
Total$7,608 $(45)$427,026 $(100,503)$434,634 $(100,548)
Less Than 12 Months12 Months or LongerTotal
(Dollars in thousands)Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
December 31, 2025
Available-for-sale:
Debt securities:
States and political subdivisions$2,196 $(12)$105,922 $(24,165)$108,118 $(24,177)
U.S. Treasury and other government-sponsored entities and agencies20,687 (48)11,976 (1,245)32,663 (1,293)
Collateralized loan obligations21,002 (99)10,020 (66)31,022 (165)
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies— — 261,335 (38,200)261,335 (38,200)
Residential - Non-government agencies— — 6,954 (722)6,954 (722)
Commercial - U.S. government-sponsored entities and agencies— — 49,246 (11,552)49,246 (11,552)
Total$43,885 $(159)$445,453 $(75,950)$489,338 $(76,109)

Less Than 12 Months12 Months or LongerTotal
(Dollars in thousands)Fair ValueGross Unrecognized LossesFair ValueGross Unrecognized LossesFair ValueGross Unrecognized Losses
December 31, 2025
Held-to-maturity:
Debt securities:
States and political subdivisions$— $— $34,699 $(7,226)$34,699 $(7,226)
Mortgage-backed securities:
Residential - U.S. government-sponsored entities and agencies— — 450,997 (59,451)450,997 (59,451)
Total$— $— $485,696 $(66,677)$485,696 $(66,677)