v3.26.3
DEBT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of available-for-sale and held-to-maturity securities reconciliation
The following presents the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized or unrecognized gains and losses as of the date noted (dollars in thousands):
September 30, 2026Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value		Allowance
for Credit Losses
Debt securities available-for-sale:
Residential mortgage-backed securities issued by U.S. government agencies and sponsored enterprises$154,271 $40 $(1,767)$152,544 $— 
Total debt securities available-for-sale:$154,271 $40 $(1,767)$152,544 $— 
September 30, 2026Amortized
Cost		Gross
Unrecognized
Gains		Gross
Unrecognized
Losses		Fair
Value		Allowance
for Credit Losses
Debt securities held-to-maturity:
U.S. Treasuries$249 $— $(2)$247 $— 
U.S. government agencies and sponsored enterprises3,126 2 (258)2,870 — 
Municipals3,159 — (138)3,021 — 
Residential mortgage-backed securities issued by U.S. government agencies and sponsored enterprises66,176 42 (4,479)61,739 — 
Residential mortgage-backed securities - other674 — (47)627 — 
Commercial mortgage-backed securities issued by U.S. government agencies and sponsored enterprises5,463 — (15)5,448 — 
Corporate bonds63,194 — (2,564)60,630 (189)
Total debt securities held-to-maturity$142,041 $44 $(7,503)$134,582 $(189)
December 31, 2025Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value		Allowance
for Credit Losses
Debt securities available-for-sale:
Residential mortgage-backed securities issued by U.S. government agencies and sponsored enterprises$45,623 $54 $(70)$45,607 $— 
Total debt securities available-for-sale$45,623 $54 $(70)$45,607 $— 
December 31, 2025Amortized
Cost
Gross
Unrecognized
Gains
Gross
Unrecognized
Losses
Fair
Value		Allowance
for Credit Losses
Debt securities held-to-maturity:
U.S. Treasuries$248 $1 $— $249 $— 
U.S. government agencies and sponsored enterprises3,412 3 (131)3,284 — 
Residential mortgage-backed securities issued by U.S. government agencies and sponsored enterprises59,839 209 (3,005)57,043 — 
Residential mortgage-backed securities - other751 — (47)704 — 
Commercial mortgage-backed securities issued by U.S. government agencies and sponsored enterprises6,138 — (8)6,130 — 
Corporate bonds24,656 116 (1,547)23,225 (74)
Total debt securities held-to-maturity$95,044 $329 $(4,738)$90,635 $(74)
Summary of the amortized cost and estimated fair value of held to maturity securities
September 30, 2026
Available-for-Sale
Held-to-Maturity
(dollars in thousands)
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due within one year$— $— $2,247 $2,246 
Due between one year and five years— — 2,000 1,983 
Due between five years and ten years— — 59,196 56,648 
Due after ten years— — 3,159 3,021 
Securities (MBS and Agency)154,271 152,544 75,439 70,684 
Total$154,271 $152,544 $142,041 $134,582 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following presents AFS debt securities that were in an unrealized loss position, based on the length of time the individual debt securities have been in an unrealized loss position:
September 30, 2026
Less than 12 Months
12 Months or More
Total
(dollars in thousands)Number
of
Securities
Fair Value
Unrealized Losses
Fair Value
Unrealized Losses
Fair Value
Unrealized Losses
Debt securities available-for-sale:
Residential mortgage-backed securities issued by U.S. government agencies and sponsored enterprises27$118,930 $(1,760)$3,131 $(7)$122,061 $(1,767)
Total debt securities available-for-sale27$118,930 $(1,760)$3,131 $(7)$122,061 $(1,767)
December 31, 2025
Less than 12 Months
12 Months or More
Total
(dollars in thousands)Number
of
Securities
Fair Value
Unrealized Losses
Fair Value
Unrealized Losses
Fair Value
Unrealized Losses
Debt securities available-for-sale:
Residential mortgage-backed securities issued by U.S. government agencies and sponsored enterprises6$27,693 $(70)$— $— $27,693 $(70)
Total debt securities available-for-sale
6$27,693 $(70)$— $— $27,693 $(70)
Allowance for credit losses for HTM securities
The following presents the activity in the ACL for debt securities HTM by major security type for the periods noted:
Corporate Bonds
Three Months Ended September 30,
(dollars in thousands)20262025
Allowance for credit losses:
Beginning balance$151 $71 
Provision for credit losses38 — 
Securities charged-off (recoveries)— — 
Total ending allowance balance$189 $71 
Corporate Bonds
Nine Months Ended September 30,
(dollars in thousands)20262025
Allowance for credit losses:
Beginning balance$74 $71 
Provision for credit losses115 — 
Securities charged-off (recoveries)— — 
Total ending allowance balance$189 $71