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Equity Investments
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Equity Investments EQUITY INVESTMENTS
Equity Investments with Readily Determinable Fair Values
Equity investments with readily determinable fair values at December 31, 2025 and 2024, consisted of mutual funds in the amounts of $4.5 million and $4.3 million, respectively, and were included in “Equity investments” on the Consolidated Statements of Financial Condition.
During the year ended December 31, 2025, the Company purchased $45.5 million and redeemed $46.9 million in equity investments with readily determinable fair values, consisting of Community Reinvestment Act (“CRA”) mutual funds. There were no purchases or redemptions of equity investments with readily determinable fair values in 2024.
The changes in fair value for equity investments with readily determinable fair values for the years ended December 31, 2025 and 2024, were recorded in other noninterest income and fees as summarized in the table below:
Year Ended December 31,
20252024
(Dollars in thousands)
Net change in fair value recorded during the period on equity investments with readily determinable fair value$1,543 $(42)
Less: Net change in fair value recorded on equity investments redeemed during the period1,404 — 
Net change in fair value on equity investments with readily determinable fair values held at the end of the period$139 $(42)
Equity Investments without Readily Determinable Fair Values
At December 31, 2025 and 2024, the Company also had equity investments without readily determinable fair values, which were carried at cost less any determined impairment. The balance of these investments was adjusted for changes in subsequent observable prices, and was included in equity investments on the Consolidated Statements of Financial Condition. The table below summarizes equity investments without readily determinable fair values by type:
December 31, 2025December 31, 2024
(Dollars in thousands)
Correspondent bank stock$370 $370 
Community Development Financial Institutions (“CDFI”) investments1,010 1,010 
CRA investments36,636 34,245 
Total$38,016 $35,625 
The Company had no impairments or subsequent observable price changes for equity investments without readily determinable fair values for the years ended December 31, 2025 and 2024.