v3.26.1
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Available-for-Sale Securities Reconciliation
The following tables provide information on the amortized cost and estimated fair values of investment securities as of June 30, 2026 and December 31, 2025.
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated 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 securities253,895 170 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 securities200,105 331 5,409 195,027 
Other debt securities(2)
4,269 446 — 4,715 
Total$226,677 $779 $7,098 $220,358 
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(1)No available for sale (“AFS”) securities were sold during the three and six months ended June 30, 2026 and 2025.
(2)Other debt securities includes corporate and municipal bond obligations of state and political entities.
Summary of Held-to-Maturity Securities Reconciliation
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAllowance 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 securities284,564 130 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 securities303,129 255 32,167 271,217 — 
Other debt securities(1)
6,961 33 420 6,574 99 
Total$414,926 $290 $37,100 $378,116 $99 
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(1)Other debt securities includes corporate and municipal bond obligations of state and political entities.
Summary of Activity in Allowance for Credit Losses on Held to Maturity Securities
The following table summarizes the activity in the allowance for credit losses (“ACL”) on held to maturity (“HTM”) securities for the periods presented.
Three Months Ended June 30,Six Months Ended June 30,
($ in thousands)2026202520262025
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 $199 
Summary of Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position as of June 30, 2026 and December 31, 2025.
Less than 12 MonthsMore than 12 MonthsTotal
($ in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized 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 securities136,596 2,018 61,412 5,061 198,008 7,079 
Other debt securities13,535 215 — — 13,535 215 
Total$152,604 $2,234 $79,138 $6,834 $231,742 $9,068 
Less than 12 MonthsMore than 12 MonthsTotal
($ in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized 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 securities102,954 531 47,656 4,878 150,610 5,409 
Total$102,954 $531 $65,683 $6,567 $168,637 $7,098 
Summary of Securities Debt Maturities
The following table provides information on the amortized cost and estimated fair values of investment securities by contractual maturity date at June 30, 2026.
Available for SaleHeld to Maturity
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$2,460 $2,459 $24,305 $23,865 
Due after one year through five years21,115 19,487 43,176 40,839 
Due after five years through ten years18,208 18,368 10,456 9,043 
Due after ten years69 69 3,788 3,324 
Total non-mortgage-backed securities$41,852 $40,383 $81,725 $77,071 
Mortgage-backed securities253,895 246,986 284,564 251,625 
Total$295,747 $287,369 $366,289 $328,696 
Summary of Investment Securities Pledged as Collateral
The following table sets forth the amortized cost and estimated fair values of securities that have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at June 30, 2026 and December 31, 2025.
June 30, 2026December 31, 2025
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Pledged available for sale securities$91,010 $87,668 $75,123 $69,369 
Pledged held to maturity securities215,410 191,781 218,556 197,146