
($ in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Available for sale securities(1):
June 30, 2026
U.S. Treasury and government agency securities	$	22,029	$	—	$	1,774	$	20,255
Mortgage-backed securities	253,895		170		7,079		246,986
Other debt securities(2)	19,823		520		215		20,128
Total	$	295,747	$	690	$	9,068	$	287,369

December 31, 2025
U.S. Treasury and government agency securities	$	22,303	$	2	$	1,689	$	20,616
Mortgage-backed securities	200,105		331		5,409		195,027
Other debt securities(2)	4,269		446		—		4,715
Total	$	226,677	$	779	$	7,098	$	220,358


($ in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Allowance for Credit Losses
Held to maturity securities:
June 30, 2026
U.S. Treasury and government agency securities	$	74,767	$	—	$	4,384	$	70,383	$	—
Mortgage-backed securities	284,564		130		33,069		251,625		—
Other debt securities(1)	6,958		23		293		6,688		76
Total	$	366,289	$	153	$	37,746	$	328,696	$	76

December 31, 2025
U.S. Treasury and government agency securities	$	104,836	$	2	$	4,513	$	100,325	$	—
Mortgage-backed securities	303,129		255		32,167		271,217		—
Other debt securities(1)	6,961		33		420		6,574		99
Total	$	414,926	$	290	$	37,100	$	378,116	$	99

Equity securities with aggregate fair values of $6.2 million as of both June 30, 2026 and December 31, 2025 are presented separately on the consolidated balance sheets. The fair value adjustments recorded through earnings totaled a loss of $26 thousand and a gain of $19 thousand for the three months ended June 30, 2026 and 2025, respectively. The fair value adjustments recorded through earnings totaled loss of $65 thousand and a gain of $106 thousand for the six months ended June 30, 2026 and 2025, respectively.


	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2026		2025		2026		2025
Balance, beginning of period	$	81	$	178	$	99	$	203
Reversal of credit losses, other debt securities	(5)		21		(23)		(4)
Balance, end of period	$	76	$	199	$	76	$	199

A reversal of the provision for credit losses of $5 thousand and an additional allowance of $21 thousand was recorded on HTM corporate and municipal bonds for the three months ended June 30, 2026 and 2025, respectively. A reversal of the provision for credit losses of $23 thousand and $4 thousand was recorded on HTM corporate and municipal bonds for the six months ended June 30, 2026 and 2025, respectively.


	Less than 12 Months				More than 12 Months				Total
($ in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2026
Available for sale securities:
U.S. Treasury and government agency securities	$	2,473	$	1	$	17,726	$	1,773	$	20,199	$	1,774
Mortgage-backed securities	136,596		2,018		61,412		5,061		198,008		7,079
Other debt securities	13,535		215		—		—		13,535		215
Total	$	152,604	$	2,234	$	79,138	$	6,834	$	231,742	$	9,068


	Less than 12 Months				More than 12 Months				Total
($ in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2025
Available for sale securities:
U.S. Treasury and government agency securities	$	—	$	—	$	18,027	$	1,689	$	18,027	$	1,689
Mortgage-backed securities	102,954		531		47,656		4,878		150,610		5,409

Total	$	102,954	$	531	$	65,683	$	6,567	$	168,637	$	7,098

There were 143 AFS debt securities with a fair value below the amortized cost basis, with unrealized losses totaling $9.1 million as of June 30, 2026. The Company concluded that a credit loss did not exist in its AFS securities portfolio as of June 30, 2026, and no impairment loss has been recognized based on the fact that (1) changes in fair value were primarily caused by fluctuations in interest rates, (2) securities with unrealized losses had generally high credit quality, (3) the Company intends to hold these investments in debt securities to maturity and it is more likely than not the Company will not be required to sell these investments before a recovery of its investment, and (4) issuers have continued to make timely payments of principal and interest. Additionally, the Company’s mortgage-backed securities are issued by either U.S. government agencies or U.S. government-sponsored enterprises. Collectively, these entities provide a guarantee, which is either explicitly or implicitly supported by the full faith and credit of the U.S. government, that investors in such mortgage-backed securities will receive timely principal and interest payments.

There were 143 AFS and 164 HTM securities in an unrealized loss position at June 30, 2026. Because the Company does not intend to sell these securities and it is not more likely than not that the Company will be required to sell these securities before recovery of their amortized cost bases, which may be at maturity for debt securities, the Company considers the unrealized losses to be temporary. There were 122 AFS and 169 HTM securities in an unrealized loss position at December 31, 2025. Net unrealized losses with respect to the AFS securities totaled $8.4 million and $6.3 million as of June 30, 2026 and December 31, 2025, respectively.


	Available for Sale				Held to Maturity
($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due in one year or less	$	2,460	$	2,459	$	24,305	$	23,865
Due after one year through five years	21,115		19,487		43,176		40,839
Due after five years through ten years	18,208		18,368		10,456		9,043
Due after ten years	69		69		3,788		3,324
Total non-mortgage-backed securities	$	41,852	$	40,383	$	81,725	$	77,071
Mortgage-backed securities	253,895		246,986		284,564		251,625
Total	$	295,747	$	287,369	$	366,289	$	328,696

The maturity dates for debt securities are determined using contractual maturity dates. Actual maturities may differ from amounts presented because certain issuers have the right to call or prepay obligations without prepayment penalties.

The Company has securities that have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase. At June 30, 2026, the aggregate carrying value of AFS and HTM pledged securities was $87.7 million and $215.4 million, respectively. The comparable amounts for December 31, 2025 were $69.4 million and $218.6 million, respectively.

The following table sets forth the amortized cost and estimated fair values of securities that have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at June 30, 2026 and December 31, 2025.


	June 30, 2026				December 31, 2025
($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Pledged available for sale securities	$	91,010	$	87,668	$	75,123	$	69,369
Pledged held to maturity securities	215,410		191,781		218,556		197,146