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v3.26.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract] |
Summary of Available-for-Sale Securities Reconciliation | The following tables provide information on the amortized cost and estimated fair values of investment securities as of March 31, 2026 and December 31, 2025.
($ in thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Available for sale securities(1): |  |  |  |  |  |  |  |
March 31, 2026 |  |  |  |  |  |  |  |
U.S. Treasury and government agency securities |  | $ | 22,092 |  |  | $ | — |  |  | $ | 1,728 |  |  | $ | 20,364 |
Mortgage-backed securities |  | 236,638 |  |  | 195 |  |  | 6,157 |  |  | 230,676 |
Other debt securities(2) |  | 12,546 |  |  | 440 |  |  | — |  |  | 12,986 |
Total |  | $ | 271,276 |  |  | $ | 635 |  |  | $ | 7,885 |  |  | $ | 264,026 |
December 31, 2025 |  |  |  |  |  |  |  |
U.S. Treasury and government agency securities |  | $ | 22,303 |  |  | $ | 2 |  |  | $ | 1,689 |  |  | $ | 20,616 |
Mortgage-backed securities |  | 200,105 |  |  | 331 |  |  | 5,409 |  |  | 195,027 |
Other debt securities(2) |  | 4,269 |  |  | 446 |  |  | — |  |  | 4,715 |
Total |  | $ | 226,677 |  |  | $ | 779 |  |  | $ | 7,098 |  |  | $ | 220,358 |
____________________________________ (1)No available for sale (“AFS”) securities were sold during the three months ended March 31, 2026 and 2025. (2)Other debt securities includes corporate and municipal bond obligations of state and political entities.
Summary of Held-to-Maturity Securities Reconciliation |
($ in thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value |  | Allowance for Credit Losses
Held to maturity securities: |  |  |  |  |  |  |  |  |  |
March 31, 2026 |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency securities |  | $ | 92,514 |  |  | $ | — |  |  | $ | 4,503 |  |  | $ | 88,011 |  |  | $ | — |
Mortgage-backed securities |  | 294,223 |  |  | 123 |  |  | 32,526 |  |  | 261,820 |  |  | — |
Other debt securities(1) |  | 6,959 |  |  | 19 |  |  | 419 |  |  | 6,559 |  |  | 81 |
Total |  | $ | 393,696 |  |  | $ | 142 |  |  | $ | 37,448 |  |  | $ | 356,390 |  |  | $ | 81 |
December 31, 2025 |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency securities |  | $ | 104,836 |  |  | $ | 2 |  |  | $ | 4,513 |  |  | $ | 100,325 |  |  | $ | — |
Mortgage-backed securities |  | 303,129 |  |  | 255 |  |  | 32,167 |  |  | 271,217 |  |  | — |
Other debt securities(1) |  | 6,961 |  |  | 33 |  |  | 420 |  |  | 6,574 |  |  | 99 |
Total |  | $ | 414,926 |  |  | $ | 290 |  |  | $ | 37,100 |  |  | $ | 378,116 |  |  | $ | 99 |
____________________________________ (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 Ended |  |
($ in thousands) |  | March 31, 2026 |  | March 31, 2025 |  |  |  |  |  |
Balance, beginning of period |  | $ | 99 |  |  | $ | 203 |  |  |  |  |  |  |
Reversal of credit losses, other debt securities |  | (18) |  |  | (25) |  |  |  |  |  |  |
Balance, end of period |  | $ | 81 |  |  | $ | 178 |  |  |  |  |  |  |
Summary 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 as of March 31, 2026 and December 31, 2025.
|  | Less than 12 Months |  | More than 12 Months |  | Total
($ in thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
March 31, 2026 |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency securities |  | $ | 14 |  |  | $ | — |  |  | $ | 17,808 |  |  | $ | 1,728 |  |  | $ | 17,822 |  |  | $ | 1,728 |
Mortgage-backed securities |  | 127,521 |  |  | 1,173 |  |  | 63,314 |  |  | 4,984 |  |  | 190,835 |  |  | 6,157 |
Total |  | $ | 127,535 |  |  | $ | 1,173 |  |  | $ | 81,122 |  |  | $ | 6,712 |  |  | $ | 208,657 |  |  | $ | 7,885 |
|  | Less than 12 Months |  | More than 12 Months |  | Total
($ in thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Available for sale securities: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and government agency securities |  | $ | — |  |  | $ | — |  |  | $ | 18,027 |  |  | $ | 1,689 |  |  | $ | 18,027 |  |  | $ | 1,689 |
Mortgage-backed securities |  | 102,954 |  |  | 531 |  |  | 47,656 |  |  | 4,878 |  |  | 150,610 |  |  | 5,409 |
Total |  | $ | 102,954 |  |  | $ | 531 |  |  | $ | 65,683 |  |  | $ | 6,567 |  |  | $ | 168,637 |  |  | $ | 7,098 |
Summary 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 March 31, 2026.
|  | Available for Sale |  | Held to Maturity
($ in thousands) |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in one year or less |  | $ | 2,484 |  |  | $ | 2,484 |  |  | $ | 23,801 |  |  | $ | 23,650 |
Due after one year through five years |  | 21,130 |  |  | 19,557 |  |  | 60,173 |  |  | 57,447 |
Due after five years through ten years |  | 10,942 |  |  | 11,227 |  |  | 10,457 |  |  | 8,926 |
Due after ten years |  | 82 |  |  | 82 |  |  | 5,042 |  |  | 4,547 |
Total non-mortgage-backed securities |  | $ | 34,638 |  |  | $ | 33,350 |  |  | $ | 99,473 |  |  | $ | 94,570 |
Mortgage-backed securities |  | 236,638 |  |  | 230,676 |  |  | 294,223 |  |  | 261,820 |
Total |  | $ | 271,276 |  |  | $ | 264,026 |  |  | $ | 393,696 |  |  | $ | 356,390 |
Summary 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 March 31, 2026 and December 31, 2025.
|  | March 31, 2026 |  | December 31, 2025
($ in thousands) |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Pledged available for sale securities |  | $ | 74,643 |  |  | $ | 71,914 |  |  | $ | 75,123 |  |  | $ | 69,369 |
Pledged held to maturity securities |  | 220,597 |  |  | 198,537 |  |  | 218,556 |  |  | 197,146 |

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