The amortized cost and fair values of securities available for sale as of September 30, 2026, and December 31, 2025 are summarized as follows:


	September 30, 2026
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury Securities	$	19,684	$	—	$	237	$	19,447
U.S. Government Agencies	250		—		1		249
Corporate Securities	87,062		142		2,016		85,188
Mortgage-Backed Securities	694,677		169		43,191		651,655
Municipal Securities	254,650		6		24,491		230,165
Total Securities Available for Sale	$	1,056,323	$	317	$	69,936	$	986,704


	December 31, 2025
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury Securities	$	17,571	$	—	$	293	$	17,278
U.S. Government Agencies	10,070		—		196		9,874
Corporate Securities	38,324		377		1,639		37,062
Mortgage-Backed Securities	674,211		3,153		27,273		650,091
Municipal Securities	291,256		536		16,868		274,924
Total Securities Available for Sale	$	1,031,432	$	4,066	$	46,269	$	989,229

The following tables present a summary of securities with gross unrealized losses and fair values at September 30, 2026, and December 31, 2025, aggregated by investment category and length of time in a continued unrealized loss position. Due to the nature of these investments and current prevailing market prices, these unrealized losses are considered non-credit related.


	September 30, 2026
	Less Than 12 Months				12 Months or Greater				Total
(Dollars in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
U.S. Treasury Securities	$	9,493	$	178	$	9,954	$	59	$	19,447	$	237
U.S. Government Agencies	249		1		—		—		249		1
Corporate Securities	52,222		574		18,835		1,442		71,057		2,016
Mortgage-Backed Securities	339,383		13,380		265,776		29,811		605,159		43,191
Municipal Securities	56,363		2,464		165,259		22,027		221,622		24,491
Total Securities Available for Sale	$	457,710	$	16,597	$	459,824	$	53,339	$	917,534	$	69,936


	December 31, 2025
	Less Than 12 Months				12 Months or Greater				Total
(Dollars in thousands)	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
U.S. Treasury Securities	$	—	$	—	$	17,278	$	293	$	17,278	$	293
U.S. Government Agencies	—		—		9,874		196		9,874		196
Corporate Securities	2,580		2		21,086		1,637		23,666		1,639
Mortgage-Backed Securities	83,844		506		336,946		26,767		420,790		27,273
Municipal Securities	12,939		57		210,329		16,811		223,268		16,868
Total Securities Available for Sale	$	99,363	$	565	$	595,513	$	45,704	$	694,876	$	46,269

As of September 30, 2026, and December 31, 2025, respectively, no allowance for credit losses was recognized on available for sale securities in an unrealized loss position as management does not believe any of the securities are impaired due to credit quality. This determination is based on the Company’s analysis of the underlying risk characteristics including credit ratings, historical loss experience, and other qualitative factors. Further, the securities continue to make principal and interest payments under their contractual terms and management does not have the intent to sell any of the securities and believes that it is more likely than not that the Company will not have to sell any

such securities before a recovery of amortized cost basis. Therefore, the Company has determined the unrealized losses are due to changes in market interest rates compared to rates when the securities were acquired.

The amortized cost and fair values of securities available for sale as of September 30, 2026, by contractual maturity are shown below. Actual maturities may differ from contractual maturities in mortgage-backed securities because the mortgages underlying the securities may be called or repaid without any penalties.


(Dollars in thousands)	Amortized Cost		Fair Value
Less Than One Year	$	34,509	$	34,216
One to Five Years	238,889		221,824
Over Five to Ten Years	364,452		335,673
Over Ten Years	418,473		394,991
Total Securities Available for Sale	$	1,056,323	$	986,704

Securities available for sale with a fair value of $431.3 million and $398.3 million were pledged as collateral on public deposits and for other purposes as required or permitted by law as of September 30, 2026, and December 31, 2025, respectively.

For the three months ended September 30, 2026, the Company recognized gross losses of $21,000 and no gross gains for securities available for sale, compared to gross gains of $77,000 and no gross losses for the same period in 2025. There were no impairment charges related to credit losses included in gross realized losses for the three months ended September 30, 2026 and 2025.

For the nine months ended September 30, 2026, gross gains of $88,000 and gross losses of $35,000 were recognized for securities available for sale, compared to gross gains of $80,000 and gross losses of $51,000 for the same period in 2025. There were no impairment charges related to credit losses included in gross realized losses for the nine months ended September 30, 2026 and 2025.