v3.25.3

Investment Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Amortized Cost, Fair Value for Credit Losses | The following table summarizes the amortized cost, fair value and allowance for credit losses (“ACL”) of securities available-for-sale at September 30, 2025 and December 31, 2024, respectively, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss:
(in thousands) |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Fair Value
September 30, 2025 |  |  |  |  |  |  |  |  |  |
U.S. Treasuries |  | $ | 142,562 |  |  | $ | 131 |  |  | $ | (6,152) |  |  | $ | — |  |  | $ | 136,541 |
Municipal |  | 15,617 |  |  | 33 |  |  | (1,871) |  |  | — |  |  | 13,779 |
Corporate |  | 5,000 |  |  | — |  |  | (208) |  |  | — |  |  | 4,792 |
Asset-backed securities |  | 5,152 |  |  | 56 |  |  | — |  |  | — |  |  | 5,208 |
Mortgage-backed securities |  | 73,255 |  |  | 406 |  |  | (1,341) |  |  | — |  |  | 72,320 |
Total |  | $ | 241,586 |  |  | $ | 626 |  |  | $ | (9,572) |  |  | $ | — |  |  | $ | 232,640 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |
U.S. Treasuries |  | $ | 136,831 |  |  | $ | 42 |  |  | $ | (10,038) |  |  | $ | — |  |  | $ | 126,835 |
Municipal |  | 11,698 |  |  | 5 |  |  | (2,420) |  |  | — |  |  | 9,283 |
Corporate |  | 5,000 |  |  | — |  |  | (289) |  |  | — |  |  | 4,711 |
Asset-backed securities |  | 5,501 |  |  | 25 |  |  | — |  |  | — |  |  | 5,526 |
Mortgage-backed securities |  | 79,939 |  |  | 2 |  |  | (2,666) |  |  | — |  |  | 77,275 |
Total |  | $ | 238,969 |  |  | $ | 74 |  |  | $ | (15,413) |  |  | $ | — |  |  | $ | 223,630 |
Schedule of Investments Classified by Contractual Maturity Date | The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
|  | September 30, 2025 |  | December 31, 2024
(in thousands) |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year |  | $ | 54,258 |  |  | $ | 53,705 |  |  | $ | 20,003 |  |  | $ | 19,882 |
One to five years |  | 70,557 |  |  | 67,476 |  |  | 97,052 |  |  | 90,570 |
Five to ten years |  | 35,857 |  |  | 31,982 |  |  | 29,785 |  |  | 25,446 |
Beyond ten years |  | 2,507 |  |  | 1,949 |  |  | 6,689 |  |  | 4,931 |
Asset-backed securities(1) |  | 5,152 |  |  | 5,208 |  |  | 5,501 |  |  | 5,526 |
Mortgage-backed securities(1) |  | 73,255 |  |  | 72,320 |  |  | 79,939 |  |  | 77,275 |
Total |  | $ | 241,586 |  |  | $ | 232,640 |  |  | $ | 238,969 |  |  | $ | 223,630 |
_______________ (1) Asset-backed and Mortgage-backed securities are due in monthly installments.
Schedule of Investment Portfolio in Continuous Unrealized Loss Position, Fair Value | The following table summarizes debt securities available-for-sale in an unrealized loss position for which an ACL has not been recorded at September 30, 2025 and December 31, 2024, aggregated by major security type and length of time in a continuous unrealized loss position:
|  | Less than 12 months |  | 12 months or longer |  | Total
(in thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasuries |  | $ | 19,942 |  |  | $ | (2) |  |  | $ | 94,736 |  |  | $ | (6,150) |  |  | $ | 114,678 |  |  | $ | (6,152) |
Municipal |  | — |  |  | — |  |  | 8,914 |  |  | (1,871) |  |  | 8,914 |  |  | (1,871) |
Corporate |  | — |  |  | — |  |  | 4,792 |  |  | (208) |  |  | 4,792 |  |  | (208) |
Mortgage-backed securities |  | 11,338 |  |  | (201) |  |  | 17,757 |  |  | (1,140) |  |  | 29,095 |  |  | (1,341) |
Total |  | $ | 31,280 |  |  | $ | (203) |  |  | $ | 126,199 |  |  | $ | (9,369) |  |  | $ | 157,479 |  |  | $ | (9,572) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasuries |  | $ | 10,883 |  |  | $ | (93) |  |  | $ | 111,196 |  |  | $ | (9,945) |  |  | $ | 122,079 |  |  | $ | (10,038) |
Municipal |  | — |  |  | — |  |  | 8,373 |  |  | (2,420) |  |  | 8,373 |  |  | (2,420) |
Corporate |  | — |  |  | — |  |  | 4,711 |  |  | (289) |  |  | 4,711 |  |  | (289) |
Mortgage-backed securities |  | 55,243 |  |  | (901) |  |  | 18,272 |  |  | (1,765) |  |  | 73,515 |  |  | (2,666) |
Total |  | $ | 66,126 |  |  | $ | (994) |  |  | $ | 142,552 |  |  | $ | (14,419) |  |  | $ | 208,678 |  |  | $ | (15,413) |

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 No definition available. + 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 unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration