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SECURITIES (Tables)
9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Values of Securities Available-for-Sale, with Gross Unrealized Gains and Losses
The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows:
September 30, 2025
(dollars in thousands)Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$99,759$$(4,946)$$94,813
U.S. government agency51,930147(1,334)50,743
Municipal149,723165(13,436)136,452
Mortgage-backed:
Agency residential324,9573,099(8,410)319,646
Agency commercial133,79753(8,143)125,707
Corporate67,565642(1,838)66,369
Total available-for-sale$827,731$4,106$(38,107)$$793,730
September 30, 2025
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,489$$(5,340)$83,149$
Municipal30,599389(83)30,905
Mortgage-backed:
Agency residential78,23311(3,030)75,214
Agency commercial269,24423(27,042)242,225
Total held-to-maturity$466,565$423$(35,495)$431,493$
December 31, 2024
(dollars in thousands)Amortized CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$119,690$$(8,545)$$111,145
U.S. government agency55,742(2,544)53,198
Municipal150,163(19,484)130,679
Mortgage-backed:
Agency residential241,342253(14,227)227,368
Agency commercial128,8233(12,145)116,681
Corporate61,732156(2,910)58,978
Total available-for-sale$757,492$412$(59,855)$$698,049
December 31, 2024
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,472$$(8,819)$79,653$
Municipal35,86248(371)35,539
Mortgage-backed:
Agency residential85,643(5,796)79,847
Agency commercial289,881(39,734)250,147
Total held-to-maturity$499,858$48$(54,720)$445,186$
The following table presents gross unrealized losses and fair value of debt securities available-for-sale that do not have an associated allowance for credit losses as of September 30, 2025 and December 31, 2024, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position:
September 30, 2025
Investments in a Continuous Unrealized Loss Position
Less than 12 Months12 Months or MoreTotal
(dollars in thousands)
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Available-for-sale:
U.S. Treasury$— $— $(4,946)$94,813 $(4,946)$94,813 
U.S. government agency(20)2,953 (1,314)40,068 (1,334)43,021 
Municipal(42)2,010 (13,394)127,231 (13,436)129,241 
Mortgage-backed:
Agency residential(170)20,124 (8,240)124,013 (8,410)144,137 
Agency commercial(158)14,114 (7,985)105,305 (8,143)119,419 
Corporate(14)3,804 (1,824)27,152 (1,838)30,956 
Total available-for-sale$(404)$43,005 $(37,703)$518,582 $(38,107)$561,587 
December 31, 2024
Investments in a Continuous Unrealized Loss Position
Less than 12 Months12 Months or MoreTotal
(dollars in thousands)
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Available-for-sale:
U.S. Treasury$— $— $(8,545)$111,145 $(8,545)$111,145 
U.S. government agency(141)7,594 (2,403)45,604 (2,544)53,198 
Municipal(8)2,634 (19,476)127,776 (19,484)130,410 
Mortgage-backed:
Agency residential(2,041)81,055 (12,186)129,178 (14,227)210,233 
Agency commercial(125)3,327 (12,020)112,118 (12,145)115,445 
Corporate(4)1,996 (2,906)43,064 (2,910)45,060 
Total available-for-sale$(2,319)$96,606 $(57,536)$568,885 $(59,855)$665,491 
Schedule of Amortized Cost and Fair Values of Securities Held-to-Maturity, with Gross Unrealized Gains and Losses
The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows:
September 30, 2025
(dollars in thousands)Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$99,759$$(4,946)$$94,813
U.S. government agency51,930147(1,334)50,743
Municipal149,723165(13,436)136,452
Mortgage-backed:
Agency residential324,9573,099(8,410)319,646
Agency commercial133,79753(8,143)125,707
Corporate67,565642(1,838)66,369
Total available-for-sale$827,731$4,106$(38,107)$$793,730
September 30, 2025
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,489$$(5,340)$83,149$
Municipal30,599389(83)30,905
Mortgage-backed:
Agency residential78,23311(3,030)75,214
Agency commercial269,24423(27,042)242,225
Total held-to-maturity$466,565$423$(35,495)$431,493$
December 31, 2024
(dollars in thousands)Amortized CostGross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$119,690$$(8,545)$$111,145
U.S. government agency55,742(2,544)53,198
Municipal150,163(19,484)130,679
Mortgage-backed:
Agency residential241,342253(14,227)227,368
Agency commercial128,8233(12,145)116,681
Corporate61,732156(2,910)58,978
Total available-for-sale$757,492$412$(59,855)$$698,049
December 31, 2024
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,472$$(8,819)$79,653$
Municipal35,86248(371)35,539
Mortgage-backed:
Agency residential85,643(5,796)79,847
Agency commercial289,881(39,734)250,147
Total held-to-maturity$499,858$48$(54,720)$445,186$
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The amortized cost and fair value of debt securities by contractual maturity, as of September 30, 2025, are shown below. 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.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)
Amortized
Cost
Fair Value
Amortized
Cost
Fair Value
Due in 1 year or less$36,083 $35,875 $7,998 $7,895 
Due after 1 year through 5 years181,704 172,003 54,356 52,911 
Due after 5 years through 10 years127,320 118,397 54,797 51,375 
Due after 10 years23,870 22,102 1,937 1,873 
Mortgage-backed:
Agency residential324,957 319,646 78,233 75,214 
Agency commercial133,797 125,707 269,244 242,225 
Total$827,731 $793,730 $466,565 $431,493 
Schedule of Sales of Debt Securities
Sales of debt securities were as follows during the three and nine months ended September 30:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2025202420252024
Proceeds from sales$1,276$$1,276 $66,812 
Gross realized gains— — 
Gross realized losses(49)(49)(3,382)
Schedule of the Initial Cost and Carrying Value of Equity Securities with Cumulative Net Unrealized Gains and (Losses)
The initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses were as follows:
September 30, 2025
(dollars in thousands)Readily
Determinable
Fair Value
No Readily
Determinable
Fair Value
Initial cost$3,124 $2,978 
Cumulative net unrealized gains (losses)155 (369)
Carrying value$3,279 $2,609 
December 31, 2024
(dollars in thousands)Readily
Determinable
Fair Value
No Readily
Determinable
Fair Value
Initial cost$3,124 $2,998 
Cumulative net unrealized gains (losses)191 (369)
Carrying value$3,315 $2,629 
Schedule of Unrealized Gains (Losses) on Equity Securities
Unrealized gains (losses) on equity securities were as follows during the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
(dollars in thousands)2025202420252024
Readily determinable fair value$(67)$136 $(36)$24 
No readily determinable fair value— — 
Unrealized gains (losses) on equity securities$(67)$136 $(36)$24