Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Securities |
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| Schedule of Available-for-sale Securities Reconciliation |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Available-for-sale: | | Cost | | Gains | | Losses | | Value | U.S. Treasury | | $ | 31,420 | | $ | — | | $ | (2,192) | | $ | 29,228 | U.S. Government-sponsored enterprises (GSEs) | | | 18,552 | | | 76 | | | (135) | | | 18,493 | Municipal securities | | | 38,876 | | | 471 | | | (191) | | | 39,156 | Other debt securities | | | 20,755 | | | 233 | | | (712) | | | 20,276 | Mortgage-backed securities (GSEs) | | | 467,452 | | | 1,249 | | | (15,789) | | | 452,912 | Total | | $ | 577,055 | | $ | 2,029 | | $ | (19,019) | | $ | 560,065 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Available-for-sale: | | Cost | | Gains | | Losses | | Value | U.S. Treasury | | $ | 31,688 | | $ | — | | $ | (2,059) | | $ | 29,629 | U.S. Government-sponsored enterprises (GSEs) | | | 19,012 | | | 127 | | | (75) | | | 19,064 | Municipal securities | | | 35,376 | | | 542 | | | (253) | | | 35,665 | Other debt securities | | | 21,673 | | | 219 | | | (892) | | | 21,000 | Mortgage-backed securities (GSEs) | | | 443,759 | | | 2,990 | | | (12,225) | | | 434,524 | Total | | $ | 551,508 | | $ | 3,878 | | $ | (15,504) | | $ | 539,882 |
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| Schedule of Held-to-maturity Securities Reconciliation |
| | | | | | | | | | | | | | | June 30, 2026 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Held-to-maturity: | | Cost | | Gains | | Losses | | Value | U.S. Government-sponsored enterprises (GSEs) | | $ | 46,235 | | $ | — | | $ | (5,519) | | $ | 40,716 | Municipal securities | | | 49,990 | | | — | | | (4,930) | | | 45,060 | Mortgage-backed securities (GSEs) | | | 23,623 | | | — | | | (2,853) | | | 20,770 | Total | | $ | 119,848 | | $ | — | | $ | (13,302) | | $ | 106,546 |
| | | | | | | | | | | | | | | December 31, 2025 | | | | | | Gross | | Gross | | | | | | Amortized | | Unrealized | | Unrealized | | Fair | Held-to-maturity: | | Cost | | Gains | | Losses | | Value | U.S. Government-sponsored enterprises (GSEs) | | $ | 46,864 | | $ | — | | $ | (5,017) | | $ | 41,847 | Municipal securities | | | 50,516 | | | — | | | (4,945) | | | 45,571 | Mortgage-backed securities (GSEs) | | | 24,741 | | | — | | | (2,743) | | | 21,998 | Total | | $ | 122,121 | | $ | — | | $ | (12,705) | | $ | 109,416 |
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| Investments Classified by Contractual Maturity Date |
The amortized cost and estimated fair value of securities at June 30, 2026, by contractual maturity for non-mortgage-backed securities are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | June 30, 2026 | | | Amortized | | Fair | Available-for-sale: | | Cost | | Value | Due in one year or less | | $ | 530 | | $ | 527 | Due from one year to five years | | | 43,774 | | | 41,398 | Due from five years to ten years | | | 35,289 | | | 34,858 | Due after ten years | | | 30,010 | | | 30,370 | | | | 109,603 | | | 107,153 | Mortgage-backed securities | | | 467,452 | | | 452,912 | Total | | $ | 577,055 | | $ | 560,065 | | | | | | | | Held-to-maturity: | | | | | | | Due in one year or less | | $ | — | | $ | — | Due from one year to five years | | | 23,859 | | | 21,900 | Due from five years to ten years | | | 44,074 | | | 38,478 | Due after ten years | | | 28,292 | | | 25,398 | | | | 96,225 | | | 85,776 | Mortgage-backed securities | | | 23,623 | | | 20,770 | Total | | $ | 119,848 | | $ | 106,546 |
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| Schedule of Unrealized Loss on Investments |
The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities AFS and HTM have been in a continuous unrealized loss position (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Available-for-sale: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Treasury | | $ | — | | $ | — | | — | | $ | 29,228 | | $ | (2,192) | | 4 | | $ | 29,228 | | $ | (2,192) | | 4 | U.S. Government-sponsored enterprises (GSEs) | | | 6,399 | | | (72) | | 3 | | | 4,480 | | | (63) | | 3 | | | 10,879 | | | (135) | | 6 | Municipal securities | | | 8,236 | | | (71) | | 8 | | | 7,229 | | | (120) | | 6 | | | 15,465 | | | (191) | | 14 | Other debt securities | | | — | | | — | | — | | | 11,788 | | | (712) | | 9 | | | 11,788 | | | (712) | | 9 | Mortgage-backed securities (GSEs) | | | 228,598 | | | (3,914) | | 106 | | | 110,015 | | | (11,875) | | 55 | | | 338,613 | | | (15,789) | | 161 | Total | | $ | 243,233 | | $ | (4,057) | | 117 | | $ | 162,740 | | $ | (14,962) | | 77 | | $ | 405,973 | | $ | (19,019) | | 194 | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Held-to-maturity: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Government-sponsored enterprises (GSEs) | | $ | — | | $ | — | | — | | $ | 40,716 | | $ | (5,519) | | 13 | | $ | 40,716 | | $ | (5,519) | | 13 | Municipal securities | | | 3,436 | | | (275) | | 4 | | | 41,624 | | | (4,655) | | 33 | | | 45,060 | | | (4,930) | | 37 | Mortgage-backed securities (GSEs) | | | — | | | — | | — | | | 20,770 | | | (2,853) | | 5 | | | 20,770 | | | (2,853) | | 5 | Total | | $ | 3,436 | | $ | (275) | | 4 | | $ | 103,110 | | $ | (13,027) | | 51 | | $ | 106,546 | | $ | (13,302) | | 55 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Available-for-sale: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Treasury | | $ | — | | $ | — | | — | | $ | 29,629 | | $ | (2,059) | | 4 | | $ | 29,629 | | $ | (2,059) | | 4 | U.S. Government-sponsored enterprises (GSEs) | | | 4,986 | | | (1) | | 2 | | | 5,366 | | | (74) | | 3 | | | 10,352 | | | (75) | | 5 | Municipal securities | | | 6,184 | | | (113) | | 4 | | | 9,110 | | | (140) | | 12 | | | 15,294 | | | (253) | | 16 | Other debt securities | | | — | | | — | | — | | | 12,608 | | | (892) | | 11 | | | 12,608 | | | (892) | | 11 | Mortgage-backed securities (GSEs) | | | 111,336 | | | (713) | | 42 | | | 133,449 | | | (11,512) | | 66 | | | 244,785 | | | (12,225) | | 108 | Total | | $ | 122,506 | | $ | (827) | | 48 | | $ | 190,162 | | $ | (14,677) | | 96 | | $ | 312,668 | | $ | (15,504) | | 144 | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less than 12 Months | | 12 Months or Greater | | Total | | | | | | Gross | | Number | | | | | Gross | | Number | | | | | Gross | | Number | | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | | Fair | | Unrealized | | of | Held-to-maturity: | | Value | | Losses | | Securities | | Value | | Losses | | Securities | | Value | | Losses | | Securities | U.S. Government-sponsored enterprises (GSEs) | | $ | — | | $ | — | | — | | $ | 41,847 | | $ | (5,017) | | 13 | | $ | 41,847 | | $ | (5,017) | | 13 | Municipal securities | | | 3,493 | | | (259) | | 4 | | | 42,078 | | | (4,686) | | 33 | | | 45,571 | | | (4,945) | | 37 | Mortgage-backed securities (GSEs) | | | — | | | — | | — | | | 21,998 | | | (2,743) | | 5 | | | 21,998 | | | (2,743) | | 5 | Total | | $ | 3,493 | | $ | (259) | | 4 | | $ | 105,923 | | $ | (12,446) | | 51 | | $ | 109,416 | | $ | (12,705) | | 55 |
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| Schedule of Other Investments |
The following is the amortized cost and carrying value of other investments (in thousands): | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | Federal Reserve Bank stock | | $ | 11,009 | | $ | 10,981 | Federal Home Loan Bank stock | | | 6,170 | | | 5,110 | First National Bankers Bank stock | | | 350 | | | 350 | Total | | $ | 17,529 | | $ | 16,441 |
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