Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Debt Securities Available for Sale |
The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (in thousands) | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | 411,393 | | | $ | 764 | | | $ | (20,350) | | | $ | 391,807 | | | Municipal bonds | 191,081 | | | 1 | | | (24,785) | | | 166,297 | | | | | | | | | | | U.S. agency securities | 60,038 | | | 19 | | | (1,145) | | | 58,912 | | | Total Securities AFS | $ | 662,512 | | | $ | 784 | | | $ | (46,280) | | | $ | 617,016 | | | | | | | | | | | Securities HTM: | | | | | | | | | Mortgage-backed securities | $ | 117,408 | | | $ | — | | | $ | (19,126) | | | $ | 98,282 | | | | | | | | | | | | | | | | | | | U.S. agency securities | 948 | | | — | | | (73) | | | 875 | | | Total Securities HTM | $ | 118,356 | | | $ | — | | | $ | (19,199) | | | $ | 99,157 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (in thousands) | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | 426,732 | | | $ | 1,846 | | | $ | (18,549) | | | $ | 410,029 | | | Municipal bonds | 196,607 | | | 4 | | | (25,311) | | | 171,300 | | | | | | | | | | | U.S. agency securities | 67,146 | | | 29 | | | (1,194) | | | 65,981 | | | Total Securities AFS | $ | 690,485 | | | $ | 1,879 | | | $ | (45,054) | | | $ | 647,310 | | | | | | | | | | | Securities HTM: | | | | | | | | | Mortgage-backed securities | $ | 121,677 | | | $ | — | | | $ | (18,189) | | | $ | 103,488 | | | | | | | | | | | | | | | | | | | U.S. agency securities | 942 | | | — | | | (59) | | | 883 | | | Total Securities HTM | $ | 122,619 | | | $ | — | | | $ | (18,248) | | | $ | 104,371 | |
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| Schedule of Debt Securities Held-to-Maturity |
The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (in thousands) | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | 411,393 | | | $ | 764 | | | $ | (20,350) | | | $ | 391,807 | | | Municipal bonds | 191,081 | | | 1 | | | (24,785) | | | 166,297 | | | | | | | | | | | U.S. agency securities | 60,038 | | | 19 | | | (1,145) | | | 58,912 | | | Total Securities AFS | $ | 662,512 | | | $ | 784 | | | $ | (46,280) | | | $ | 617,016 | | | | | | | | | | | Securities HTM: | | | | | | | | | Mortgage-backed securities | $ | 117,408 | | | $ | — | | | $ | (19,126) | | | $ | 98,282 | | | | | | | | | | | | | | | | | | | U.S. agency securities | 948 | | | — | | | (73) | | | 875 | | | Total Securities HTM | $ | 118,356 | | | $ | — | | | $ | (19,199) | | | $ | 99,157 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (in thousands) | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | 426,732 | | | $ | 1,846 | | | $ | (18,549) | | | $ | 410,029 | | | Municipal bonds | 196,607 | | | 4 | | | (25,311) | | | 171,300 | | | | | | | | | | | U.S. agency securities | 67,146 | | | 29 | | | (1,194) | | | 65,981 | | | Total Securities AFS | $ | 690,485 | | | $ | 1,879 | | | $ | (45,054) | | | $ | 647,310 | | | | | | | | | | | Securities HTM: | | | | | | | | | Mortgage-backed securities | $ | 121,677 | | | $ | — | | | $ | (18,189) | | | $ | 103,488 | | | | | | | | | | | | | | | | | | | U.S. agency securities | 942 | | | — | | | (59) | | | 883 | | | Total Securities HTM | $ | 122,619 | | | $ | — | | | $ | (18,248) | | | $ | 104,371 | |
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| Schedule of Maturities of Securities Available for Sale |
The amortized cost and estimated fair value of securities AFS and securities HTM as of June 30, 2026, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties. | | | | | | | | | | | | | June 30, 2026 | | (in thousands) | Amortized
Cost | | Fair
Value | | Securities AFS: | | | | | Within one year | $ | 6,063 | | | $ | 6,045 | | | After one year but within five years | 21,213 | | | 20,594 | | | After five years but within ten years | 142,900 | | | 133,404 | | | After ten years | 492,336 | | | 456,973 | | | Total Securities AFS | $ | 662,512 | | | $ | 617,016 | | | | | | | Securities HTM: | | | | | Within one year | $ | — | | | $ | — | | | After one year but within five years | 948 | | | 875 | | | After five years but within ten years | — | | | — | | | After ten years | 117,408 | | | 98,282 | | | Total Securities HTM | $ | 118,356 | | | $ | 99,157 | |
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| Schedule of Debt Securities Available for Sale in Unrealized Loss Position |
Information pertaining to securities AFS with gross unrealized losses as of June 30, 2026 and December 31, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Less than twelve months | | Twelve months or more | | (in thousands) | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | (1,729) | | | $ | 134,447 | | | $ | (18,621) | | | $ | 155,236 | | | Municipal bonds | (77) | | | 7,893 | | | (24,708) | | | 155,119 | | | | | | | | | | | U.S. agency securities | (11) | | | 13,987 | | | (1,134) | | | 32,605 | | | Total Securities AFS | $ | (1,817) | | | $ | 156,327 | | | $ | (44,463) | | | $ | 342,960 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less than twelve months | | Twelve months or more | | (in thousands) | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | (313) | | | $ | 81,682 | | | $ | (18,236) | | | $ | 166,631 | | | Municipal bonds | (14) | | | 3,330 | | | (25,297) | | | 163,876 | | | | | | | | | | | U.S. agency securities | (26) | | | 16,972 | | | (1,168) | | | 36,542 | | | Total Securities AFS | $ | (353) | | | $ | 101,984 | | | $ | (44,701) | | | $ | 367,049 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Schedule of Debt Securities Held-to-Maturity in Unrealized Loss Position |
Information pertaining to securities AFS with gross unrealized losses as of June 30, 2026 and December 31, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Less than twelve months | | Twelve months or more | | (in thousands) | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | (1,729) | | | $ | 134,447 | | | $ | (18,621) | | | $ | 155,236 | | | Municipal bonds | (77) | | | 7,893 | | | (24,708) | | | 155,119 | | | | | | | | | | | U.S. agency securities | (11) | | | 13,987 | | | (1,134) | | | 32,605 | | | Total Securities AFS | $ | (1,817) | | | $ | 156,327 | | | $ | (44,463) | | | $ | 342,960 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Less than twelve months | | Twelve months or more | | (in thousands) | Gross
Unrealized
Losses | | Fair
Value | | Gross
Unrealized
Losses | | Fair
Value | | Securities AFS: | | | | | | | | | Mortgage-backed securities | $ | (313) | | | $ | 81,682 | | | $ | (18,236) | | | $ | 166,631 | | | Municipal bonds | (14) | | | 3,330 | | | (25,297) | | | 163,876 | | | | | | | | | | | U.S. agency securities | (26) | | | 16,972 | | | (1,168) | | | 36,542 | | | Total Securities AFS | $ | (353) | | | $ | 101,984 | | | $ | (44,701) | | | $ | 367,049 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Schedule of Realized Gain (Loss) |
The proceeds from sales and calls of debt securities and their gross gain (loss) for the three and six months ended June 30, 2026 and 2025, are presented in the table below: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (in thousands) | 2026 | | 2025 | | 2026 | | 2025 | Proceeds (1) | $ | 2,019 | | | $ | — | | | $ | 2,019 | | | $ | — | | | Gross gain | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Gross loss | $ | 22 | | | $ | — | | | $ | 22 | | | $ | — | |
(1)The proceeds include the gross gain and loss.
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