Investment securities (Tables)

6 Months Ended

Jun. 30, 2026

Investment securities

Schedule of amortized cost and fair value of investment securities aggregated by investment category


		June 30, 2026
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)		Cost			Gains			Losses			Value
Available for sale:
U.S. Treasury securities		$	19,123		$			$	1,120		$	18,003
State and municipals:
Taxable			64,588			13			7,348			57,253
Tax-exempt			149,271			1,038			7,480			142,829
Residential mortgage-backed securities:
U.S. government agencies			20,476						456			20,020
U.S. government-sponsored enterprises			153,258			149			15,460			137,947
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			1,679						21			1,658
Private collateralized mortgage obligations			48,018			512			484			48,046
Asset backed securities			14,862			34			306			14,590
Corporate debt securities			16,734			475			153			17,056
Negotiable certificates of deposit			741			1						742
Total available for sale		$	488,750		$	2,222		$	32,828		$	458,144
Held to maturity:
Tax-exempt state and municipals		$	10,794		$	1		$	587		$	10,208
Residential mortgage-backed securities:
U.S. government agencies			11,593						2,011			9,582
U.S. government-sponsored enterprises			46,336						6,815			39,521
Total held to maturity		$	68,723		$	1		$	9,413		$	59,311


		December 31, 2025
					Gross			Gross
		Amortized			Unrealized			Unrealized			Fair
(Dollars in thousands)		Cost			Gains			Losses			Value
Available for sale:
U.S. Treasury securities		$	32,125		$			$	1,127		$	30,998
State and municipals:
Taxable			68,618			22			7,018			61,622
Tax-exempt			132,586			429			7,898			125,117
Residential mortgage-backed securities:
U.S. government agencies			42,801			145			247			42,699
U.S. government-sponsored enterprises			174,223			962			15,105			160,080
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			1,789						19			1,770
Private collateralized mortgage obligations			48,007			766			289			48,484
Asset backed securities			16,544			23			300			16,267
Corporate debt securities			24,287			829			322			24,794
Negotiable certificates of deposit			727			5						732
Total available for sale		$	541,707		$	3,181		$	32,325		$	512,563
Held to maturity:
Tax-exempt state and municipals		$	10,812		$	4		$	620		$	10,196
Residential mortgage-backed securities:
U.S. government agencies			12,291						1,977			10,314
U.S. government-sponsored enterprises			48,944						6,656			42,288
Total held to maturity		$	72,047		$	4		$	9,253		$	62,798

Schedule of maturity distribution


		Amortized			Fair
(Dollars in thousands)		Cost			Value
Within one year		$	3,135		$	3,131
After one but within five years			63,816			60,773
After five but within ten years			61,730			54,916
After ten years			121,776			117,063
			250,457			235,883
Mortgage-backed and other amortizing securities			238,293			222,261
Total		$	488,750		$	458,144


		Amortized			Fair
(Dollars in thousands)		Cost			Value
After one but within five years		$	6,186		$	5,852
After five but within ten years			4,608			4,356
			10,794			10,208
Mortgage-backed securities			57,929			49,103
Total		$	68,723		$	59,311

Schedule of fair value and unrealized losses of investment securities in continuous unrealized loss position


		June 30, 2026
		Less than Twelve Months								Twelve Months or Longer								Total
		Total # in a Loss					Unrealized			Total # in a Loss					Unrealized			Total # in a Loss					Unrealized
(Dollars in thousands)		Position			Fair Value		Losses			Position			Fair Value		Losses			Position			Fair Value		Losses
Securities available for sale
U.S. Treasury securities										5		$	18,003		$	1,120		5		$	18,003		$	1,120
State and municipals:
Taxable										61			55,979			7,348		61			55,979			7,348
Tax-exempt		30		$	26,044		$	352		82			59,346			7,128		112			85,390			7,480
Residential mortgage-backed securities:
U.S. government agencies		5			20,020			456										5			20,020			456
U.S. government-sponsored enterprises		28			57,863			528		28			60,672			14,932		56			118,535			15,460
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises										1			1,658			21		1			1,658			21
Private collateralized mortgage obligations		20			23,581			167		9			8,966			317		29			32,547			484
Asset-backed securities		3			4,704			18		2			1,813			288		5			6,517			306
Corporate debt securities		2			1,738			13		2			2,190			140		4			3,928			153
Total		88		$	133,950		$	1,534		190		$	208,627		$	31,294		278		$	342,577		$	32,828

Securities Held to Maturity
Tax-exempt state and municipals		2		$	1,467		$	9		10		$	6,166		$	578		12		$	7,633		$	587
Residential mortgage-backed securities:
U.S. government agencies										3			9,582			2,011		3			9,582			2,011
U.S. government-sponsored enterprises										8			39,521			6,815		8			39,521			6,815
Total		2		$	1,467		$	9		21		$	55,269		$	9,404		23		$	56,736		$	9,413


		December 31, 2025
		Less than Twelve Months								Twelve Months or Longer								Total
		Total # in a Loss						Unrealized		Total # in a Loss						Unrealized		Total # in a Loss						Unrealized
(Dollars in thousands)		Position			Fair Value			Losses		Position			Fair Value			Losses		Position			Fair Value			Losses
Securities available for sale
U.S. Treasury securities										8		$	30,998		$	1,127		8		$	30,998		$	1,127
State and municipals:
Taxable										64			59,002			7,018		64			59,002			7,018
Tax-exempt		37		$	35,137		$	519		87			63,245			7,379		124			98,382			7,898
Residential mortgage-backed securities:
U.S. government agencies		6			28,689			247										6			28,689			247
U.S. government-sponsored enterprises		3			8,989			60		34			71,288			15,045		37			80,277			15,105
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises										1			1,770			19		1			1,770			19
Private collateralized mortgage obligations		8			14,534			96		11			8,000			193		19			22,534			289
Asset-backed securities		3			4,884			12		2			1,888			288		5			6,772			300
Corporate debt securities		2			1,491			9		8			7,451			313		10			8,942			322
Total		59		$	93,724		$	943		215		$	243,642		$	31,382		274		$	337,366		$	32,325


Securities held to maturity
Tax-exempt state and municipals										11		$	6,641		$	620		11		$	6,641		$	620
Residential mortgage-backed securities:
U.S. government agencies										3			10,314			1,977		3			10,314			1,977
U.S. government-sponsored enterprises										8			42,288			6,656		8			42,288			6,656
Total										22		$	59,243		$	9,253		22		$	59,243		$	9,253

Summary of unrealized and realized gains and losses


			For the three months ended						For the six months ended
			June 30,						June 30,
(Dollars in thousands)			2026			2025			2026			2025
Net gains (losses) recognized on equity securities		$	33		$	(7)		$	489		$	64
Less: net gains realized on equity securities sold			104						104
Unrealized (losses) gains on equity securities		$	(71)		$	(7)		$	385		$	64