

	June 30, 2026
($ in thousands)	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities	$	37,225	$	—	$	(2,803)	$	34,422
Residential collateralized mortgage obligations	174,793		345		(12,863)		162,275
Municipal securities - tax exempt	5,946		11		(148)		5,809
Total AFS debt securities	$	217,964	$	356	$	(15,814)	$	202,506



	December 31, 2025
($ in thousands)	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities	$	35,279	$	—	$	(2,585)	$	32,694
Residential collateralized mortgage obligations	165,103		1,219		(11,859)		154,463
Municipal securities - tax exempt	5,913		—		(285)		5,628
Total AFS debt securities	$	206,295	$	1,219	$	(14,729)	$	192,785

Expected maturities may differ from contractual maturities on certain securities as the issuers and borrowers of the underlying collateral may have the right to call or prepay obligations with or without call or prepayment penalties. The amortized cost and fair value of AFS debt securities as of June 30, 2026, by contractual maturity, are shown below:



	June 30, 2026
	Less Than 12 Months				12 Months or Longer				Total
($ in thousands)	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities	$	8,779	$	(121)	$	25,643	$	(2,682)	$	34,422	$	(2,803)
Residential collateralized mortgage obligations	50,641		(573)		74,357		(12,290)		124,998		(12,863)
Municipal securities - tax exempt	—		—		2,690		(148)		2,690		(148)
Total AFS debt securities	$	59,420	$	(694)	$	102,690	$	(15,120)	$	162,110	$	(15,814)



	December 31, 2025
	Less Than 12 Months				12 Months or Longer				Total
($ in thousands)	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
U.S. Government agencies or sponsored agency securities:
Residential mortgage-backed securities	$	—	$	—	$	32,694	$	(2,585)	$	32,694	$	(2,585)
Residential collateralized mortgage obligations	—		—		80,404		(11,859)		80,404		(11,859)
Municipal securities - tax exempt	3,038		(57)		2,590		(228)		5,628		(285)
Total AFS debt securities	$	3,038	$	(57)	$	115,688	$	(14,672)	$	118,726	$	(14,729)

The Company monitors credit quality of individual AFS debt securities by evaluating a range of factors, including issuer credit ratings, changes in those ratings over time, market indicators of credit risk, and any adverse economic or sector-specific conditions that may affect the issuer's ability to meet its obligations. These evaluations inform the Company's assessment of the appropriateness of the allowance for credit losses. The gross unrealized losses presented in the preceding tables were primarily attributable to changes in interest rates rather than credit deterioration.

As of June 30, 2026 and December 31, 2025, the Company's AFS debt securities portfolio was primarily composed of securities issued, guaranteed, or otherwise supported by the U.S. government. These securities were considered to have a zero credit loss assumption, and no material changes in credit ratings or adverse conditions were identified. Approximately 97% of the portfolio consisted of residential mortgage-backed securities and collateralized mortgage obligations issued by U.S. government-sponsored agencies, including Ginnie Mae, Fannie Mae and Freddie Mac. The remaining 3% consisted of the portfolio comprised of tax-exempt municipal securities. These securities were evaluated using similar criteria, including issuer credit ratings and financial condition. No significant deterioration in credit quality or adverse developments was noted for these securities, and there were no downgrades in credit ratings during the period. Based on this evaluation, the Company did not record an allowance for credit losses on its AFS debt securities as of June 30, 2026 and December 31, 2025. For a discussion of the factors and criteria the Company uses in analyzing securities for impairment related to credit losses, see Note 1. Significant Accounting Policies to Consolidated Financial Statements in the 2025 Annual Report on Form 10-K.

The amortized cost of the AFS debt securities excluded accrued interest receivables of $660 thousand and $604 thousand as of June 30, 2026 and December 31, 2025, respectively, which are included in Accrued interest receivable on the Consolidated Balance Sheets. For additional information on the Company's accounting policy related to securities' accrued interest receivables and impairment, see Note 1.Significant Accounting Policies to Consolidated Financial Statements in the 2025 Annual Report on Form 10-K.



($ in thousands)	June 30, 2026		December 31, 2025
FHLB stock	$	14,748	$	13,156
Pacific Coast Bankers Bank ("PCBB") stock	190		190
Mutual fund - Community Reinvestment Act ("CRA") qualified (1)	3,777		3,757
Time deposits placed in other banks	109		105
Total other investments	$	18,824	$	17,208

(1)The Company recorded $15 thousand and $39 thousand unrealized losses for the three and six months ended June 30, 2026, respectively. In comparison, the Company recorded $12 thousand and $64 thousand unrealized gains for the three and six months ended June 30, 2025, respectively. The unrealized (losses) gains of the mutual fund are included in other income in the Consolidated Statements of Income.