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v3.25.2

SECURITIES (Tables) | 6 Months Ended
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Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Securities Available for Sale | Debt securities available-for-sale ("AFS") at June 30, 2025 and December 31, 2024 were as follows:
| June 30, 2025
| Amortized |  | Unrealized |  | Allowance For |  | Fair
| Cost |  | Gains |  | Losses |  | Credit Losses |  | Value
U.S. Government sponsored entities | $ | 3,185 |  |  | $ | — |  |  | $ | (1) |  |  | $ | — |  |  | $ | 3,184 |
State & political subdivisions | 101,866 |  |  | 26 |  |  | (10,680) |  |  | — |  |  | 91,212 |
Residential & multi-family mortgage | 411,867 |  |  | 2,251 |  |  | (27,514) |  |  | — |  |  | 386,604 |
Corporate notes & bonds | 37,034 |  |  | 86 |  |  | (2,890) |  |  | — |  |  | 34,230 |
Pooled SBA | 8,459 |  |  | 1 |  |  | (492) |  |  | — |  |  | 7,968 |
Total | $ | 562,411 |  |  | $ | 2,364 |  |  | $ | (41,577) |  |  | $ | — |  |  | $ | 523,198 |
| December 31, 2024
| Amortized |  | Unrealized |  | Allowance For |  | Fair
| Cost |  | Gains |  | Losses |  | Credit Losses |  | Value
U.S. Government sponsored entities | $ | 14,795 |  |  | $ | 17 |  |  | $ | (2) |  |  | $ | — |  |  | $ | 14,810 |
State & political subdivisions | 104,025 |  |  | 11 |  |  | (13,080) |  |  | — |  |  | 90,956 |
Residential & multi-family mortgage | 352,983 |  |  | 60 |  |  | (34,133) |  |  | — |  |  | 318,910 |
Corporate notes & bonds | 39,022 |  |  | — |  |  | (3,812) |  |  | — |  |  | 35,210 |
Pooled SBA | 9,398 |  |  | — |  |  | (738) |  |  | — |  |  | 8,660 |
Total | $ | 520,223 |  |  | $ | 88 |  |  | $ | (51,765) |  |  | $ | — |  |  | $ | 468,546 |
Schedule of Debt Securities Held-to-maturities | Debt securities held-to-maturity ("HTM") at June 30, 2025 and December 31, 2024 were as follows:
| June 30, 2025
| Amortized |  | Unrealized |  | Allowance For |  | Fair
| Cost |  | Gains |  | Losses |  | Credit Losses |  | Value
U.S. Government sponsored entities | $ | 200,967 |  |  | $ | — |  |  | $ | (8,812) |  |  | $ | — |  |  | $ | 192,155 |
Residential & multi-family mortgage | 69,065 |  |  | — |  |  | (7,613) |  |  | — |  |  | 61,452 |
Total | $ | 270,032 |  |  | $ | — |  |  | $ | (16,425) |  |  | $ | — |  |  | $ | 253,607 |
| December 31, 2024
| Amortized |  | Unrealized |  | Allowance For |  | Fair
| Cost |  | Gains |  | Losses |  | Credit Losses |  | Value
U.S. Government sponsored entities | $ | 229,504 |  |  | $ | — |  |  | $ | (13,354) |  |  | $ | — |  |  | $ | 216,150 |
Residential & multi-family mortgage | 76,577 |  |  | — |  |  | (9,757) |  |  | — |  |  | 66,820 |
Total | $ | 306,081 |  |  | $ | — |  |  | $ | (23,111) |  |  | $ | — |  |  | $ | 282,970 |
HTM debt securities with unrealized losses at June 30, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: June 30, 2025
| Less than 12 Months |  | 12 Months or More |  | Total
Description of Securities | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | — |  |  | $ | — |  |  | $ | 192,156 |  |  | $ | (8,812) |  |  | $ | 192,156 |  |  | $ | (8,812) |
Residential & multi-family mortgage | — |  |  | — |  |  | 61,451 |  |  | (7,613) |  |  | 61,451 |  |  | (7,613) |
| $ | — |  |  | $ | — |  |  | $ | 253,607 |  |  | $ | (16,425) |  |  | $ | 253,607 |  |  | $ | (16,425) |
December 31, 2024
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | — |  |  | $ | — |  |  | $ | 216,150 |  |  | $ | (13,354) |  |  | $ | 216,150 |  |  | $ | (13,354) |
Residential & multi-family mortgage | — |  |  | — |  |  | 66,820 |  |  | (9,757) |  |  | 66,820 |  |  | (9,757) |
| $ | — |  |  | $ | — |  |  | $ | 282,970 |  |  | $ | (23,111) |  |  | $ | 282,970 |  |  | $ | (23,111) |
Schedule of Maturity Distribution of Debt Securities at Amortized Cost and Fair Value | The table below illustrates the maturity distribution of debt securities at amortized cost and fair value as of June 30, 2025:
| Available-for-sale |  | Held-to-maturity
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
1 year or less | $ | 10,274 |  |  | $ | 10,249 |  |  | $ | 53,438 |  |  | $ | 52,721 |
1 year – 5 years | 57,750 |  |  | 54,568 |  |  | 133,639 |  |  | 127,274 |
5 years – 10 years | 53,707 |  |  | 48,478 |  |  | 13,890 |  |  | 12,161 |
After 10 years | 20,354 |  |  | 15,331 |  |  | — |  |  | — |
| 142,085 |  |  | 128,626 |  |  | 200,967 |  |  | 192,156 |
Residential & multi-family mortgage | 411,867 |  |  | 386,604 |  |  | 69,065 |  |  | 61,451 |
Pooled SBA | 8,459 |  |  | 7,968 |  |  | — |  |  | — |
Total debt securities | $ | 562,411 |  |  | $ | 523,198 |  |  | $ | 270,032 |  |  | $ | 253,607 |
Schedule of Available-for-sale Securities with Unrealized Loss Position | AFS debt securities with unrealized losses at June 30, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: June 30, 2025
| Less than 12 Months |  | 12 Months or More |  | Total
Description of Securities | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | 3,184 |  |  | $ | (1) |  |  | $ | — |  |  | $ | — |  |  | $ | 3,184 |  |  | $ | (1) |
State & political subdivisions | 3,474 |  |  | (31) |  |  | 78,965 |  |  | (10,649) |  |  | 82,439 |  |  | (10,680) |
Residential & multi-family mortgage | 20,560 |  |  | (151) |  |  | 156,970 |  |  | (27,363) |  |  | 177,530 |  |  | (27,514) |
Corporate notes and bonds | 1,497 |  |  | (3) |  |  | 28,207 |  |  | (2,887) |  |  | 29,704 |  |  | (2,890) |
Pooled SBA | 60 |  |  | — |  |  | 7,558 |  |  | (492) |  |  | 7,618 |  |  | (492) |
| $ | 28,775 |  |  | $ | (186) |  |  | $ | 271,700 |  |  | $ | (41,391) |  |  | $ | 300,475 |  |  | $ | (41,577) |
December 31, 2024
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | 249 |  |  | $ | (1) |  |  | $ | 3,340 |  |  | $ | (1) |  |  | $ | 3,589 |  |  | $ | (2) |
State & political subdivisions | 6,519 |  |  | (90) |  |  | 80,172 |  |  | (12,990) |  |  | 86,691 |  |  | (13,080) |
Residential & multi-family mortgage | 118,057 |  |  | (810) |  |  | 159,576 |  |  | (33,323) |  |  | 277,633 |  |  | (34,133) |
Corporate notes and bonds | 987 |  |  | (13) |  |  | 34,224 |  |  | (3,799) |  |  | 35,211 |  |  | (3,812) |
Pooled SBA | 410 |  |  | (2) |  |  | 8,250 |  |  | (736) |  |  | 8,660 |  |  | (738) |
| $ | 126,222 |  |  | $ | (916) |  |  | $ | 285,562 |  |  | $ | (50,849) |  |  | $ | 411,784 |  |  | $ | (51,765) |
Schedule of Trading Securities | Equity securities at June 30, 2025 and December 31, 2024 were as follows:
| June 30, 2025 |  | December 31, 2024
Corporate equity securities | $ | 5,604 |  |  | $ | 6,542 |
Mutual funds | 3,536 |  |  | 1,936 |
Money market funds | 182 |  | 287 |
Corporate notes | 1,615 |  |  | 1,691 |
Total | $ | 10,937 |  |  | $ | 10,456 |

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