
	December 31, 2025
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
REMICs	$	458,680	$	1,891	$	(21,320)	$	439,251
Fannie Mae certificates	2,595		97		(3)		2,689
Freddie Mac certificates	8,470		151		(17)		8,604
U.S. government and agency obligations	4,009		—		(60)		3,949
Total	$	473,754	$	2,139	$	(21,400)	$	454,493


	September 30, 2025
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
REMICs	$	477,058	$	2,028	$	(23,718)	$	455,368
Fannie Mae certificates	2,624		98		(3)		2,719
Freddie Mac certificates	8,474		162		(19)		8,617
U.S. government and agency obligations	54,041		4		(90)		53,955
Total	$	542,197	$	2,292	$	(23,830)	$	520,659

At December 31, 2025 and September 30, 2025, investment securities included $0 and $50,032, respectively, of U.S. government obligations pledged as collateral on the Company's open swap positions to meet margin requirements established by the clearing organization. Accrued interest on investment securities is $1,461 and $2,556 at December 31, 2025 and September 30, 2025, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION.

The following is a summary of the Company's securities portfolio by the period remaining until contractual maturity and by weighted average yield at December 31, 2025 and September 30, 2025. Maturities are based on the final contractual payment dates, and do not reflect the impact of prepayments or early redemptions that may occur. Weighted average yields are not presented on a tax-equivalent basis and are calculated by multiplying each carry value by its yield and dividing the sum of these results by the total carry values. The Company did not hold any tax-exempt securities at December 31, 2025 or September 30, 2025.


	December 31, 2025						September 30, 2025
	Amortized Cost		Fair Value		Weighted Average Yield		Amortized Cost		Fair Value		Weighted Average Yield
Due in one year or less	$	4,137	$	4,076	1.13	%	$	54,131	$	54,045	4.08	%
Due after one to five years	872		866		3.29		760		759		3.49
Due after five to ten years	33,593		33,480		3.81		35,600		35,344		3.78
Ten years or greater	435,152		416,071		3.34		451,706		430,511		3.45
Total	$	473,754	$	454,493	3.35	%	$	542,197	$	520,659	3.54	%

Gross unrealized losses on available for sale securities and the estimated fair value of the related securities, aggregated by the length of time the securities have been in a continuous loss position, at December 31, 2025 and September 30, 2025, were as follows:


	December 31, 2025
	Less Than 12 Months				12 Months or More				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Available for sale—
REMICs	$	22,994	$	30	$	259,909	$	21,290	$	282,903	$	21,320
Fannie Mae certificates	—		—		100		3		100		3
Freddie Mac certificates	—		—		1,115		17		1,115		17
U.S. government and agency obligations	—		—		3,949		60		3,949		60
Total	$	22,994	$	30	$	265,073	$	21,370	$	288,067	$	21,400


	September 30, 2025
	Less Than 12 Months				12 Months or More				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Available for sale—
REMICs	$	18,513	$	122	$	269,958	$	23,596	$	288,471	$	23,718
Fannie Mae certificates	—		—		100		3		100		3
Freddie Mac certificates	—		—		1,115		19		1,115		19
U.S. government and agency obligations	—		—		3,923		90		3,923		90
Total	$	18,513	$	122	$	275,096	$	23,708	$	293,609	$	23,830

The unrealized losses on investment securities are primarily attributable to increases in market interest rates since the dates of acquisition. The investment portfolio is comprised entirely of securities issued by U.S. government entities and agencies, which supports an expectation of no credit loss estimates since principal and interest payments due on these securities carry the full faith and credit guaranty of the U.S. government. In addition, the U.S. Treasury Department has established

financing agreements to ensure Fannie Mae and Freddie Mac meet their obligations to holders of mortgage-backed securities that they have issued or guaranteed.