| Schedule of Amortized Cost and Fair Value of Investment Securities Available for Sale Securities and Held to Maturity |
The following table summarizes the amortized cost and fair value of investment securities available for sale (“AFS”) and held to maturity (“HTM”) and the corresponding amounts of gross unrealized gains and losses as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Available for sale | | (dollars in thousands) | | Government agency securities | | $ | 18,725 | | | $ | 12 | | | $ | (561) | | | $ | 18,176 | | | SBA agency securities | | 19,437 | | | 9 | | | (915) | | | 18,531 | | | MBS: Residential | | 95,306 | | | — | | | (8,732) | | | 86,574 | | | MBS: Commercial | | 10,003 | | | — | | | (67) | | | 9,936 | | | CMO: Residential | | 114,623 | | | 13 | | | (12,195) | | | 102,441 | | | CMO: Commercial | | 76,949 | | | 116 | | | (2,536) | | | 74,529 | | | Commercial paper | | 39,722 | | | — | | | (23) | | | 39,699 | | | Corporate debt securities | | 24,595 | | | 14 | | | (1,518) | | | 23,091 | | | Municipal tax-exempt securities | | 12,541 | | | — | | | (4,174) | | | 8,367 | | | Total available for sale | | $ | 411,901 | | | $ | 164 | | | $ | (30,721) | | | $ | 381,344 | | | | | | | | | | | | Held to maturity | | | | | | | | | | Municipal tax-exempt securities | | $ | 4,179 | | | $ | — | | | $ | (376) | | | $ | 3,803 | | | Total held to maturity | | $ | 4,179 | | | $ | — | | | $ | (376) | | | $ | 3,803 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Available for sale | | (dollars in thousands) | | Government agency securities | | $ | 22,850 | | | $ | 34 | | | $ | (179) | | | $ | 22,705 | | | SBA agency securities | | 21,326 | | | 90 | | | (236) | | | 21,180 | | | MBS: Residential | | 91,049 | | | 634 | | | (4,505) | | | 87,178 | | | MBS: Commercial | | 5,010 | | | — | | | (33) | | | 4,977 | | | CMO: Residential | | 120,475 | | | 760 | | | (8,740) | | | 112,495 | | | CMO: Commercial | | 102,755 | | | 183 | | | (2,161) | | | 100,777 | | | Commercial paper | | 19,948 | | | — | | | — | | | 19,948 | | | Corporate debt securities | | 30,165 | | | 75 | | | (1,811) | | | 28,429 | | | Municipal tax-exempt securities | | 12,567 | | | — | | | (3,052) | | | 9,515 | | | Total available for sale | | $ | 426,145 | | | $ | 1,776 | | | $ | (20,717) | | | $ | 407,204 | | | | | | | | | | | | Held to maturity | | | | | | | | | | Municipal tax-exempt securities | | $ | 4,184 | | | $ | — | | | $ | (81) | | | $ | 4,103 | | | Total held to maturity | | $ | 4,184 | | | $ | — | | | $ | (81) | | | $ | 4,103 | |
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| Schedule of Amortized Cost and Fair Value of Investment Securities Portfolio |
The following tables show the amortized cost and fair value of the investment securities portfolio, by expected maturity, as of the dates indicated. However, expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Accordingly, MBS and CMO are classified in accordance with their estimated average life. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | One Year or Less | | More than One Year to Five Years | | More than Five Years to Ten Years | | More than Ten Years | | Total | | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | | Amortized Cost | | Fair Value | | September 30, 2026 | | (dollars in thousands) | | Government agency securities | | $ | 658 | | | $ | 650 | | | $ | 8,409 | | | $ | 8,292 | | | $ | 9,658 | | | $ | 9,234 | | | $ | — | | | $ | — | | | $ | 18,725 | | | $ | 18,176 | | | SBA agency securities | | — | | | — | | | 6,134 | | | 5,765 | | | 13,303 | | | 12,766 | | | — | | | — | | | 19,437 | | | 18,531 | | | MBS: Residential | | — | | | — | | | 19,717 | | | 18,894 | | | 75,589 | | | 67,680 | | | — | | | — | | | 95,306 | | | 86,574 | | | MBS: Commercial | | 4,993 | | | 4,947 | | | 5,010 | | | 4,989 | | | — | | | — | | | — | | | — | | | 10,003 | | | 9,936 | | | CMO: Residential | | 610 | | | 604 | | | 71,511 | | | 68,630 | | | 42,502 | | | 33,207 | | | — | | | — | | | 114,623 | | | 102,441 | | | CMO: Commercial | | 3,430 | | | 3,358 | | | 31,366 | | | 30,797 | | | 42,153 | | | 40,374 | | | — | | | — | | | 76,949 | | | 74,529 | | | Commercial paper | | 39,722 | | | 39,699 | | | — | | | — | | | — | | | — | | | — | | | — | | | 39,722 | | | 39,699 | | | Corporate debt securities | | 2,003 | | | 1,999 | | | 11,371 | | | 10,948 | | | 7,650 | | | 7,434 | | | 3,571 | | | 2,710 | | | 24,595 | | | 23,091 | | | Municipal tax-exempt securities | | — | | | — | | | — | | | — | | | 1,077 | | | 820 | | | 11,464 | | | 7,547 | | | 12,541 | | | 8,367 | | | Total AFS | | $ | 51,416 | | | $ | 51,257 | | | $ | 153,518 | | | $ | 148,315 | | | $ | 191,932 | | | $ | 171,515 | | | $ | 15,035 | | | $ | 10,257 | | | $ | 411,901 | | | $ | 381,344 | | | | | | | | | | | | | | | | | | | | | | | | Municipal tax-exempt securities | | $ | — | | | $ | — | | | $ | 1,741 | | | $ | 1,633 | | | $ | 2,438 | | | $ | 2,170 | | | $ | — | | | $ | — | | | $ | 4,179 | | | $ | 3,803 | | | Total HTM | | $ | — | | | $ | — | | | $ | 1,741 | | | $ | 1,633 | | | $ | 2,438 | | | $ | 2,170 | | | $ | — | | | $ | — | | | $ | 4,179 | | | $ | 3,803 | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | | | | | | | | | | | | | | Government agency securities | | $ | 65 | | | $ | 65 | | | $ | 22,785 | | | $ | 22,640 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 22,850 | | | $ | 22,705 | | | SBA agency securities | | — | | | — | | | 6,496 | | | 6,456 | | | 14,830 | | | 14,724 | | | — | | | — | | | 21,326 | | | 21,180 | | | MBS: Residential | | — | | | — | | | 26,636 | | | 26,537 | | | 64,413 | | | 60,641 | | | — | | | — | | | 91,049 | | | 87,178 | | | MBS: Commercial | | — | | | — | | | 5,010 | | | 4,977 | | | — | | | — | | | — | | | — | | | 5,010 | | | 4,977 | | | CMO: Residential | | 6,198 | | | 6,248 | | | 68,422 | | | 68,100 | | | 45,855 | | | 38,147 | | | — | | | — | | | 120,475 | | | 112,495 | | | CMO: Commercial | | 6,629 | | | 6,591 | | | 51,805 | | | 51,365 | | | 44,321 | | | 42,821 | | | — | | | — | | | 102,755 | | | 100,777 | | | Commercial paper | | 19,948 | | | 19,948 | | | — | | | — | | | — | | | — | | | — | | | — | | | 19,948 | | | 19,948 | | | Corporate debt securities | | 4,022 | | | 4,006 | | | 8,903 | | | 8,733 | | | 14,650 | | | 13,756 | | | 2,590 | | | 1,934 | | | 30,165 | | | 28,429 | | | Municipal tax-exempt securities | | — | | | — | | | — | | | — | | | 1,081 | | | 921 | | | 11,486 | | | 8,594 | | | 12,567 | | | 9,515 | | | Total AFS | | $ | 36,862 | | | $ | 36,858 | | | $ | 190,057 | | | $ | 188,808 | | | $ | 185,150 | | | $ | 171,010 | | | $ | 14,076 | | | $ | 10,528 | | | $ | 426,145 | | | $ | 407,204 | | | | | | | | | | | | | | | | | | | | | | | | Municipal tax-exempt securities | | $ | — | | | $ | — | | | $ | 860 | | | $ | 857 | | | $ | 2,817 | | | $ | 2,742 | | | $ | 507 | | | $ | 504 | | | $ | 4,184 | | | $ | 4,103 | | | Total HTM | | $ | — | | | $ | — | | | $ | 860 | | | $ | 857 | | | $ | 2,817 | | | $ | 2,742 | | | $ | 507 | | | $ | 504 | | | $ | 4,184 | | | $ | 4,103 | |
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| Schedule of Fair Value and Gross Unrealized Losses of Our Investment Securities |
The following tables show the fair value and gross unrealized losses of our investment securities, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position, as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less than Twelve Months | | Twelve Months or More | | Total | | | Fair Value | | Unrealized Losses | | # of Issuances | | Fair Value | | Unrealized Losses | | # of Issuances | | Fair Value | | Unrealized Losses | | # of Issuances | | September 30, 2026 | | (dollars in thousands) | | Government agency securities | | $ | 9,883 | | | $ | (433) | | | 3 | | | $ | 4,497 | | | $ | (128) | | | 2 | | | $ | 14,380 | | | $ | (561) | | | 5 | | | SBA agency securities | | 14,129 | | | (659) | | | 5 | | | 2,541 | | | (256) | | | 5 | | | 16,670 | | | (915) | | | 10 | | | MBS: Residential | | 63,072 | | | (3,125) | | | 19 | | | 23,502 | | | (5,607) | | | 15 | | | 86,574 | | | (8,732) | | | 34 | | | MBS: Commercial | | 9,936 | | | (67) | | | 2 | | | — | | | — | | | — | | | 9,936 | | | (67) | | | 2 | | | CMO: Residential | | 51,325 | | | (1,517) | | | 15 | | | 45,203 | | | (10,678) | | | 23 | | | 96,528 | | | (12,195) | | | 38 | | | CMO: Commercial | | 4,106 | | | (21) | | | 1 | | | 47,376 | | | (2,515) | | | 21 | | | 51,482 | | | (2,536) | | | 22 | | | Commercial paper | | 24,705 | | | (23) | | | 4 | | | — | | | — | | | — | | | 24,705 | | | (23) | | | 4 | | | Corporate debt securities | | 2,944 | | | (56) | | | 3 | | | 15,626 | | | (1,462) | | | 16 | | | 18,570 | | | (1,518) | | | 19 | | | Municipal tax-exempt securities | | — | | | — | | | — | | | 8,367 | | | (4,174) | | | 11 | | | 8,367 | | | (4,174) | | | 11 | | | Total AFS | | $ | 180,100 | | | $ | (5,901) | | | 52 | | | $ | 147,112 | | | $ | (24,820) | | | 93 | | | $ | 327,212 | | | $ | (30,721) | | | 145 | | | | | | | | | | | | | | | | | | | | | | Municipal tax-exempt securities | | $ | 1,521 | | | $ | (109) | | | 4 | | | $ | 2,282 | | | $ | (267) | | | 5 | | | $ | 3,803 | | | $ | (376) | | | 9 | | | Total HTM | | $ | 1,521 | | | $ | (109) | | | 4 | | | $ | 2,282 | | | $ | (267) | | | 5 | | | $ | 3,803 | | | $ | (376) | | | 9 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less than Twelve Months | | Twelve Months or More | | Total | | | Fair Value | | Unrealized Losses | | # of Issuances | | Fair Value | | Unrealized Losses | | # of Issuances | | Fair Value | | Unrealized Losses | | # of Issuances | | December 31, 2025 | | (dollars in thousands) | | Government agency securities | | $ | 1,749 | | | $ | (6) | | | 1 | | | $ | 6,572 | | | $ | (173) | | | 3 | | | $ | 8,321 | | | $ | (179) | | | 4 | | | SBA agency securities | | 7,654 | | | (93) | | | 3 | | | 2,962 | | | (143) | | | 5 | | | 10,616 | | | (236) | | | 8 | | | MBS: Residential | | 14,196 | | | (91) | | | 4 | | | 27,573 | | | (4,414) | | | 15 | | | 41,769 | | | (4,505) | | | 19 | | | MBS: Commercial | | 4,977 | | | (33) | | | 1 | | | — | | | — | | | — | | | 4,977 | | | (33) | | | 1 | | | CMO: Residential | | 3,130 | | | (1) | | | 1 | | | 53,195 | | | (8,739) | | | 24 | | | 56,325 | | | (8,740) | | | 25 | | | CMO: Commercial | | 13,947 | | | (31) | | | 4 | | | 49,366 | | | (2,130) | | | 21 | | | 63,313 | | | (2,161) | | | 25 | | | | | | | | | | | | | | | | | | | | | | Corporate debt securities | | — | | | — | | | — | | | 22,577 | | | (1,811) | | | 24 | | | 22,577 | | | (1,811) | | | 24 | | | Municipal tax-exempt securities | | — | | | — | | | — | | | 9,515 | | | (3,052) | | | 11 | | | 9,515 | | | (3,052) | | | 11 | | | Total AFS | | $ | 45,653 | | | $ | (255) | | | 14 | | | $ | 171,760 | | | $ | (20,462) | | | 103 | | | $ | 217,413 | | | $ | (20,717) | | | 117 | | | | | | | | | | | | | | | | | | | | | | Municipal tax-exempt securities | | $ | — | | | $ | — | | | — | | | $ | 3,663 | | | $ | (81) | | | 8 | | | $ | 3,663 | | | $ | (81) | | | 8 | | | Total HTM | | $ | — | | | $ | — | | | — | | | $ | 3,663 | | | $ | (81) | | | 8 | | | $ | 3,663 | | | $ | (81) | | | 8 | |
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