v3.26.3
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Information Regarding Company's Investment Securities Classified as Available for Sale and Held to Maturity
The following tables summarize the Company’s available for sale and held to maturity investment securities at September 30, 2026 and December 31, 2025.

(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
September 30, 2026
Available for sale:
U.S. agency mortgage-backed$341,618 $28 $26,922 $314,724 
Collateralized mortgage obligations43,090 — 1,277 41,813 
Municipal bonds52,703 — 7,587 45,116 
U.S. government agency9,636 — 694 8,942 
Corporate bonds5,000 — — 5,000 
Total available for sale$452,047 $28 $36,480 $415,595 
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
December 31, 2025
Available for sale:
U.S. agency mortgage-backed$284,749 $402 $17,501 $267,650 
Collateralized mortgage obligations61,185 1 859 60,327 
Municipal bonds53,018 3 4,874 48,147 
U.S. government agency11,441 — 438 11,003 
Corporate bonds4,491 9 179 4,321 
Total available for sale$414,884 $415 $23,851 $391,448 
Held to maturity:
Municipal bonds$1,065 $1 $— $1,066 
Total held to maturity$1,065 $1 $— $1,066 
Summary of Amortized Cost and Estimated Fair Value by Maturity of Company's Investment Securities
The estimated fair value and amortized cost by contractual maturity of the Company’s investment securities as of September 30, 2026 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security may differ from its contractual maturity because of prepayments or the exercise of call options. Accordingly, actual maturities may differ from contractual maturities. The Company’s investment securities portfolio had an effective duration of 3.6 years and 3.3 years at September 30, 2026 and December 31, 2025, respectively.
(dollars in thousands)One Year or LessAfter One Year through Five YearsAfter Five Years through Ten YearsAfter Ten YearsTotal
Fair Value
Available for sale:
U.S. agency mortgage-backed$8,282 $112,101 $86,862 $107,479 $314,724 
Collateralized mortgage obligations16,960 13,834 300 10,719 41,813 
Municipal bonds— 13,411 31,282 423 45,116 
U.S. government agency— 1,332 7,610 — 8,942 
Corporate bonds— — 5,000 — 5,000 
Total available for sale$25,242 $140,678 $131,054 $118,621 $415,595 
(dollars in thousands)One Year or LessAfter One Year through Five YearsAfter Five Years through Ten YearsAfter Ten YearsTotal
Amortized Cost
Available for sale:
U.S. agency mortgage-backed$8,326 $117,533 $93,636 $122,123 $341,618 
Collateralized mortgage obligations17,083 14,318 306 11,383 43,090 
Municipal bonds— 14,429 37,766 508 52,703 
U.S. government agency— 1,444 8,192 — 9,636 
Corporate bonds— — 5,000 — 5,000 
Total available for sale$25,409 $147,724 $144,900 $134,014 $452,047 
Summary of Company's Investment Securities with Unrealized Losses, Aggregated by Type and Length
The Company's investment securities with unrealized losses, aggregated by type and length of time that individual securities have been in a continuous loss position, are summarized in the following tables.

(dollars in thousands)Less Than 1 YearOver 1 YearTotal
September 30, 2026Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Available for sale:
U.S. agency mortgage-backed$134,867 $5,207 $177,730 $21,715 $312,597 $26,922 
Collateralized mortgage obligations9,934 164 31,873 1,113 41,807 1,277 
Municipal bonds1,731 71 42,745 7,516 44,476 7,587 
U.S. government agency2,699 137 6,243 557 8,942 694 
Corporate bonds— — — — — — 
Total available for sale$149,231 $5,579 $258,591 $30,901 $407,822 $36,480 
(dollars in thousands)Less Than 1 YearOver 1 YearTotal
December 31, 2025Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Available for sale:
U.S. agency mortgage-backed$13,590 $51 $220,409 $17,450 $233,999 $17,501 
Collateralized mortgage obligations25 — 60,276 859 60,301 859 
Municipal bonds— — 46,205 4,874 46,205 4,874 
U.S. government agency— — 11,003 438 11,003 438 
Corporate bonds— — 3,320 179 3,320 179 
Total available for sale$13,615 $51 $341,213 $23,800 $354,828 $23,851 
Summary of Amortized Cost of Held-to-maturity Securities by Credit Rating The following tables present the amortized cost of the Company's held-to-maturity securities by credit quality rating at September 30, 2026 and December 31, 2025.
Credit Ratings
(dollars in thousands)AAA/AA/ABBB/BB/BTotal
September 30, 2026
Held to maturity:
Municipal bonds$— $— $— 
Credit Ratings
(dollars in thousands)AAA/AA/ABBB/BB/BTotal
December 31, 2025
Held to maturity:
Municipal bonds$1,065 $— $1,065