XML 42 R26.htm IDEA: XBRL DOCUMENT v3.26.1

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment in AFS and HTM Securities

The table below summarizes the Company's investment in AFS securities by major security type.

						As of June 30, 2026
(dollars in thousands)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses												Estimated Fair Value
U.S. agency securities						$	331,363					$	—					$	(17,591)											$	313,772
Residential mortgage-backed securities						574,550						58						(59,860)												514,748
Commercial mortgage-backed securities						68,359						—						(2,625)												65,734
Municipal bonds						8,335						—						(392)												7,943
Corporate bonds						2,000						—						(14)												1,986
Total available-for-sale securities						$	984,607					$	58					$	(80,482)											$	904,183
						As of December 31, 2025
(dollars in thousands)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses												Estimated Fair Value
U.S. agency securities						$	355,249					$	—					$	(17,541)											$	337,708
Residential mortgage-backed securities						620,540						152						(58,188)												562,504
Commercial mortgage-backed securities						68,931						117						(2,503)												66,545
Municipal bonds						8,426						—						(380)												8,046
Corporate bonds						2,000						—						(33)												1,967
Total available-for-sale securities						$	1,055,146					$	269					$	(78,645)											$	976,770

The table below summarizes the Company's investment in HTM securities by major security type.

						As of June 30, 2026
(dollars in thousands)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
Residential mortgage-backed securities						$	516,797					$	—					$	(62,731)					$	454,066
Commercial mortgage-backed securities						84,682						—						(10,409)						74,273
Municipal bonds						106,753						—						(7,284)						99,469
Corporate bonds						107,100						5						(3,919)						103,186
Total						815,332						$	5					$	(84,343)					$	730,994
Less: Allowance for credit losses						(454)
Total held-to-maturity securities, net of ACL						$	814,878
						As of December 31, 2025
(dollars in thousands)						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
Residential mortgage-backed securities						$	544,402					$	—					$	(58,836)					$	485,566
Commercial mortgage-backed securities						85,760						—						(9,787)						75,973
Municipal bonds						106,875						—						(6,933)						99,942
Corporate bonds						118,773						8						(5,315)						113,466
Total						855,810						$	8					$	(80,871)					$	774,947
Less: Allowance for credit losses						(1,030)
Total held-to-maturity securities, net of ACL						$	854,780

Schedule of Continuous Unrealized Loss on AFS and HTM Securities

The table below summarizes, by length of time, the Company's AFS securities that have been in a continuous unrealized loss position and HTM securities that have been in a continuous unrecognized loss position.

						As of June 30, 2026
												Less than 12 Months												12 Months or Greater												Total
(dollars in thousands)						Number of Securities						Estimated Fair Value						Unrealized Losses						Estimated Fair Value						Unrealized Losses						Estimated Fair Value						Unrealized Losses
Investment securities available-for-sale:
U.S. agency securities						50						$	—					$	—					$	313,772					$	(17,591)					$	313,772					$	(17,591)
Residential mortgage-backed securities						140						16,642						(227)						489,180						(59,633)						505,822						(59,860)
Commercial mortgage-backed securities						12						28,805						(198)						36,929						(2,427)						65,734						(2,625)
Municipal bonds						1						—						—						7,943						(392)						7,943						(392)
Corporate bonds						1						—						—						1,986						(14)						1,986						(14)
Total						204						$	45,447					$	(425)					$	849,810					$	(80,057)					$	895,257					$	(80,482)
Investment securities held-to-maturity:
Residential mortgage-backed securities						131						$	—					$	—					$	454,066					$	(62,731)					$	454,066					$	(62,731)
Commercial mortgage-backed securities						16						4,190						(559)						70,083						(9,850)						74,273						(10,409)
Municipal bonds						33						—						—						98,469						(7,284)						98,469						(7,284)
Corporate bonds						25						5,875						(47)						92,348						(3,872)						98,223						(3,919)
Total						205						$	10,065					$	(606)					$	714,966					$	(83,737)					$	725,031					$	(84,343)

						As of December 31, 2025
												Less than 12 Months												12 Months or Greater												Total
(dollars in thousands)						Number of Securities						Estimated Fair Value						Unrealized Losses						Estimated Fair Value						Unrealized Losses						Estimated Fair Value						Unrealized Losses
Investment securities available-for-sale:
U.S. agency securities						52						$	—					$	—					$	337,708					$	(17,541)					$	337,708					$	(17,541)
Residential mortgage-backed securities						139						—						—						546,514						(58,188)						546,514						(58,188)
Commercial mortgage-backed securities						10						—						—						37,329						(2,503)						37,329						(2,503)
Municipal bonds						1						—						—						8,046						(380)						8,046						(380)
Corporate bonds						1						—						—						1,967						(33)						1,967						(33)
Total						203						$	—					$	—					$	931,564					$	(78,645)					$	931,564					$	(78,645)
Investment securities held-to-maturity:
Residential mortgage-backed securities						136						$	—					$	—					$	485,567					$	(58,836)					$	485,567					$	(58,836)
Commercial mortgage-backed securities						16						4,271						(503)						71,702						(9,284)						75,973						(9,787)
Municipal bonds						33						—						—						98,942						(6,933)						98,942						(6,933)
Corporate bonds						27						1,922						(18)						106,638						(5,297)						108,560						(5,315)
Total						212						$	6,193					$	(521)					$	762,849					$	(80,350)					$	769,042					$	(80,871)

Schedule of Investment in AFS Securities and HTM Securities by Contractual Maturity

The table below summarizes the Company's investment in AFS securities and HTM securities by contractual maturity. Expected maturities for mortgage-backed securities ("MBS") will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

						As of June 30, 2026
(dollars in thousands)						Amortized Cost						Estimated Fair Value
Investment securities available-for-sale:
Within one year						$	70,524					$	69,832
One to five years						235,827						221,497
Five to ten years						17,450						16,523
Beyond ten years						17,897						15,849
Residential mortgage-backed securities						574,550						514,748
Commercial mortgage-backed securities						68,359						65,734
Less: allowance for credit losses						—						—
Total investment securities available-for-sale						984,607						904,183
Investment securities held-to-maturity:
Within one year						11,972						11,906
One to five years						70,858						68,659
Five to ten years						80,146						75,368
Beyond ten years						50,877						46,722
Residential mortgage-backed securities:						516,797						454,066
Commercial mortgage-backed securities						84,682						74,273
Less: allowance for credit losses						(454)						—
Total investment securities held-to-maturity						814,878						730,994
Total						$	1,799,485					$	1,635,177

Schedule of Information About the Sales and Calls of Investment Securities

The table below displays information about the sales and calls of our investment securities.

						For the Three Months Ended June 30,												For the Six Months Ended June 30,
(dollars in thousands)						2026						2025						2026						2025
Proceeds from sales and calls						$	12,055					$	62,909					$	12,112					$	112,961
Gross realized gains from sales and calls						266						3						269						8
Gross realized losses from sales and calls						—						1,857						—						1,858

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration