XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.2
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities Reconciliation
The following tables provide information on the amortized cost and estimated fair values of investment securities at June 30, 2025 and December 31, 2024.
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Available for sale securities(1):
June 30, 2025
U.S. Treasury and government agency securities$22,593 $3 $2,074 $20,522 
Mortgage-backed securities168,579 105 6,211 162,473 
Other debt securities(2)
4,217 467 — 4,684 
Total$195,389 $575 $8,285 $187,679 
December 31, 2024
U.S. Treasury and government agency securities$22,984 $4 $2,786 $20,202 
Mortgage-backed securities130,439 84 8,139 122,384 
Other debt securities(2)
6,170 469 13 6,626 
Total$159,593 $557 $10,938 $149,212 
____________________________________
(1)No available for sale (“AFS”) securities were sold during the three and six months ended June 30, 2025 and 2024.
(2)Other debt securities includes corporate and municipal bond obligations of state and political entities.
Schedule of Held-to-Maturity Securities Reconciliation
($ in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAllowance for Credit Losses
Held to maturity securities:
June 30, 2025
U.S. Treasury and government agency securities$129,269 $3 $6,253 $123,019 $— 
Mortgage-backed securities321,213 5 37,884 283,334 — 
Other debt securities(1)
8,963 15 632 8,346 199 
Total$459,445 $23 $44,769 $414,699 $199 
December 31, 2024
U.S. Treasury and government agency securities$132,560 $— $8,555 $124,005 $— 
Mortgage-backed securities336,755 — 47,234 289,521 — 
Other debt securities(1)
11,965 19 776 11,208 203 
Total$481,280 $19 $56,565 $424,734 $203 
____________________________________
(1)Other debt securities includes corporate and municipal bond obligations of state and political entities.
Summary of Activity in Allowance for Credit Losses on Held to Maturity Securities
The following table summarizes the activity in the allowance for credit losses (“ACL”) on held to maturity (“HTM”) securities for the periods presented.
Three Months EndedSix Months Ended
($ in thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Balance, beginning of period$178 $116 $203 $94 
Provision for (reversal of) credit losses, other debt securities21 (8)(4)14 
Balance, end of period$199 $108 $199 $108 
Schedule of Available-For-Sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at June 30, 2025 and December 31, 2024.
Less than 12 MonthsMore than 12 MonthsTotal
($ in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
June 30, 2025
Available for sale securities:
U.S. Treasury and government agency securities$73 $1 $17,787 $2,073 $17,860 $2,074 
Mortgage-backed securities76,441 432 53,416 5,779 129,857 6,211 
Other debt securities— — — — — — 
Total$76,514 $433 $71,203 $7,852 $147,717 $8,285 
Less than 12 MonthsMore than 12 MonthsTotal
($ in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
December 31, 2024
Available for sale securities:
U.S. Treasury and government agency securities$207 $— $17,422 $2,786 $17,629 $2,786 
Mortgage-backed securities56,913 710 48,782 7,429 105,695 8,139 
Other debt securities— — 1,988 13 1,988 13 
Total$57,120 $710 $68,192 $10,228 $125,312 $10,938 
Schedule of Securities Debt Maturities
The following table provides information on the amortized cost and estimated fair values of investment securities by contractual maturity date at June 30, 2025.
Available for SaleHeld to Maturity
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$2,455 $2,456 $28,567 $28,209 
Due after one year through five years16,545 15,330 90,617 86,608 
Due after five years through ten years7,541 7,168 8,523 7,908 
Due after ten years269 252 10,525 8,640 
$26,810 $25,206 $138,232 $131,365 
Mortgage-backed securities168,579 162,473 321,213 283,334 
Total$195,389 $187,679 $459,445 $414,699 
Schedule of Investment Securities Pledged as Collateral
The following table sets forth the amortized cost and estimated fair values of securities that have been pledged as collateral for obligations to federal, state and local government agencies, and other purposes as required or permitted by law, or sold under agreements to repurchase at June 30, 2025 and December 31, 2024.
June 30, 2025December 31, 2024
($ in thousands)Amortized CostFair ValueAmortized CostFair Value
Pledged available for sale securities$76,701 $69,878 $76,280 $67,926 
Pledged held to maturity securities212,963 191,357 197,474 173,248