Investment Securities (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Investment Securities |
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| Summary of amortized cost and fair value of securities available-for-sale |
| | | | | | | | | | | | | | | September 30, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 2,000 | | $ | — | | $ | (22) | | $ | 1,978 | U.S. government and federal agencies | | | 4,997 | | | — | | | (262) | | | 4,735 | Corporate bonds | | | 2,000 | | | — | | | (84) | | | 1,916 | U.S. agency collateralized mortgage obligations | | | 27,590 | | | — | | | (6,339) | | | 21,251 | Tax-exempt municipal | | | 1,377 | | | — | | | (261) | | | 1,116 | U.S. agency mortgage-backed | | | 109,012 | | | — | | | (6,601) | | | 102,411 | Total Available-for-sale Securities | | $ | 146,976 | | $ | — | | $ | (13,569) | | $ | 133,407 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 13,244 | | $ | — | | $ | (112) | | $ | 13,132 | U.S. government and federal agencies | | | 6,976 | | | 2 | | | (158) | | | 6,820 | Corporate bonds | | | 3,000 | | | — | | | (180) | | | 2,820 | U.S. agency collateralized mortgage obligations | | | 31,019 | | | 7 | | | (5,333) | | | 25,693 | Tax-exempt municipal | | | 1,378 | | | — | | | (142) | | | 1,236 | U.S. agency mortgage-backed | | | 77,306 | | | 136 | | | (3,291) | | | 74,151 | Total Available-for-sale Securities | | $ | 132,923 | | $ | 145 | | $ | (9,216) | | $ | 123,852 |
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| Schedule of gross unrealized loss position of investments |
| | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | | Less than 12 Months | | 12 Months or Longer | | Total | | | | | Gross | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (Dollars in thousands) | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale | | | | | | | | | | | | | | | | | | | U.S. Treasuries | | $ | 1,978 | | $ | (22) | | $ | — | | $ | — | | $ | 1,978 | | $ | (22) | U.S. government and federal agencies | | | 996 | | | (1) | | | 3,739 | | | (261) | | | 4,735 | | | (262) | Corporate bonds | | | — | | | — | | | 1,916 | | | (84) | | | 1,916 | | | (84) | U.S. agency collateralized mortgage obligations | | | 548 | | | (4) | | | 20,703 | | | (6,335) | | | 21,251 | | | (6,339) | Tax-exempt municipal | | | — | | | — | | | 1,116 | | | (261) | | | 1,116 | | | (261) | U.S. agency mortgage-backed | | | 66,633 | | | (2,545) | | | 35,778 | | | (4,056) | | | 102,411 | | | (6,601) | Total Available-for-sale Securities | | $ | 70,155 | | $ | (2,572) | | $ | 63,252 | | $ | (10,997) | | $ | 133,407 | | $ | (13,569) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Longer | | Total | | | | | Gross | | | | Gross | | | | | Gross | | | Fair | | Unrealized | | Fair | | Unrealized | | Fair | | Unrealized | (Dollars in thousands) | | Value | | Losses | | Value | | Losses | | Value | | Losses | Available-for-sale | | | | | | | | | | | | | | | | | | | U.S. Treasuries | | $ | — | | $ | — | | $ | 13,132 | | $ | (112) | | $ | 13,132 | | $ | (112) | U.S. government and federal agencies | | | — | | | — | | | 5,838 | | | (158) | | | 5,838 | | | (158) | Corporate bonds | | | — | | | — | | | 2,820 | | | (180) | | | 2,820 | | | (180) | U.S. agency collateralized mortgage obligations | | | — | | | — | | | 24,930 | | | (5,333) | | | 24,930 | | | (5,333) | Tax-exempt municipal | | | — | | | — | | | 1,236 | | | (142) | | | 1,236 | | | (142) | U.S. agency mortgage-backed | | | 11,214 | | | (28) | | | 46,318 | | | (3,263) | | | 57,532 | | | (3,291) | Total Available-for-sale Securities | | $ | 11,214 | | $ | (28) | | $ | 94,274 | | $ | (9,188) | | $ | 105,488 | | $ | (9,216) |
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| Contractual maturities of investment securities |
| | | | | | | | | September 30, 2026 | | | Amortized | | Fair | (Dollars in thousands) | | Cost | | Value | Available-for-sale | | | | | | | Due in one year or less | | $ | 1,060 | | $ | 1,059 | Due after one year through five years | | | 27,552 | | | 26,394 | Due after five years through ten years | | | 64,193 | | | 60,457 | Due after ten years | | | 54,171 | | | 45,497 | Total Available-for-sale Securities | | $ | 146,976 | | $ | 133,407 |
| | | | | | | | | September 30, 2026 | | | Amortized | | Fair | (Dollars in thousands) | | Cost | | Value | Held-to-maturity | | | | | | | Due in one year or less | | $ | 999 | | $ | 963 | Due after one year through five years | | | 40,879 | | | 37,397 | Due after five years through ten years | | | 8,006 | | | 6,502 | Due after ten years | | | 35,934 | | | 27,838 | Total Held-to-maturity Securities | | $ | 85,818 | | $ | 72,700 |
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| Summary of amortized cost and fair value of securities held-to-maturity |
| | | | | | | | | | | | | | | September 30, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Held-to-maturity | | | | | | | | | | | | | U.S. Treasuries | | $ | 6,003 | | $ | — | | $ | (302) | | $ | 5,701 | U.S. government and federal agencies | | | 35,288 | | | — | | | (3,698) | | | 31,590 | U.S. agency collateralized mortgage obligations | | | 15,025 | | | — | | | (3,569) | | | 11,456 | Taxable municipal | | | 6,011 | | | — | | | (934) | | | 5,077 | U.S. agency mortgage-backed | | | 23,491 | | | — | | | (4,615) | | | 18,876 | Total Held-to-maturity Securities | | $ | 85,818 | | $ | — | | $ | (13,118) | | $ | 72,700 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | (Dollars in thousands) | | Cost | | Gains | | (Losses) | | Value | Held-to-maturity | | | | | | | | | | | | | U.S. Treasuries | | $ | 6,002 | | $ | — | | $ | (308) | | $ | 5,694 | U.S. government and federal agencies | | | 35,314 | | | — | | | (2,934) | | | 32,380 | U.S. agency collateralized mortgage obligations | | | 16,163 | | | — | | | (3,006) | | | 13,157 | Taxable municipal | | | 6,024 | | | — | | | (754) | | | 5,270 | U.S. agency mortgage-backed | | | 24,918 | | | — | | | (3,844) | | | 21,074 | Total Held-to-maturity Securities | | $ | 88,421 | | $ | — | | $ | (10,846) | | $ | 77,575 |
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| Summary of restricted securities |
| | | | | | | (Dollars in thousands) | | September 30, 2026 | | December 31, 2025 | Federal Reserve Bank Stock | | $ | 3,355 | | $ | 3,342 | Federal Home Loan Bank Stock | | | 4,310 | | | 4,242 | Community Bankers’ Bank Stock | | | 60 | | | 60 | Total Restricted Securities | | $ | 7,725 | | $ | 7,644 |
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