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v3.26.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2026
Securities |
Summary of the amortized cost and estimated fair value of securities with gross unrealized gains and losses | The following tables present the amortized cost and estimated fair value of securities with gross unrealized gains and losses at March 31, 2026 and December 31, 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2026
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(dollars in thousands) | ​ ​ ​ | Cost | ​ ​ ​ | Gains | ​ ​ ​ | Losses | ​ ​ ​ | Fair Value
Securities Available for Sale: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Municipal Bonds | ​ | ​ | 208,513 | ​ | ​ | 1,339 | ​ | ​ | (13,191) | ​ | ​ | 196,661
Mortgage-Backed Securities | ​ |  | 238,500 | ​ |  | 2,312 | ​ |  | (10,492) | ​ |  | 230,320
Corporate Securities | ​ |  | 94,728 | ​ | ​ | 2,012 | ​ | ​ | (2,367) | ​ |  | 94,373
U.S. Government Agency Securities | ​ |  | 7,654 | ​ | ​ | 75 | ​ | ​ | (27) | ​ | ​ | 7,702
Asset-Backed Securities | ​ | ​ | 37,566 | ​ | ​ | 3 | ​ | ​ | (60) | ​ | ​ | 37,509
Total Securities Available for Sale | ​ | $ | 586,961 | ​ | $ | 5,741 | ​ | $ | (26,137) | ​ | $ | 566,565
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
(dollars in thousands) | ​ ​ ​ | Cost | ​ ​ ​ | Gains | ​ ​ ​ | Losses | ​ ​ ​ | Fair Value
Securities Available for Sale: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury Securities | ​ | $ | 155,863 | ​ | $ | — | ​ | $ | (9,657) | ​ | $ | 146,206
Municipal Bonds | ​ | ​ | 242,995 | ​ | ​ | 8,686 | ​ | ​ | (12,513) | ​ | ​ | 239,168
Mortgage-Backed Securities | ​ |  | 252,291 | ​ |  | 3,442 | ​ |  | (10,061) | ​ |  | 245,672
Corporate Securities | ​ |  | 93,080 | ​ | ​ | 1,958 | ​ | ​ | (2,631) | ​ |  | 92,407
U.S. Government Agency Securities | ​ |  | 8,664 | ​ | ​ | 73 | ​ | ​ | (30) | ​ | ​ | 8,707
Asset-Backed Securities | ​ | ​ | 44,298 | ​ | ​ | 20 | ​ | ​ | (37) | ​ | ​ | 44,281
Total Securities Available for Sale | ​ | $ | 797,191 | ​ | $ | 14,179 | ​ | $ | (34,929) | ​ | $ | 776,441
Summary of fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position | The following tables present the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026 and December 31, 2025:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Less Than 12 Months | ​ | 12 Months or Greater | ​ | Total
​ | ​ | Number of | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized
(dollars in thousands, except number of holdings) | ​ ​ ​ | Holdings | ​ ​ ​ | Fair Value | ​ ​ ​ | Losses | ​ ​ ​ | Fair Value | ​ ​ ​ | Losses | ​ ​ ​ | Fair Value | ​ ​ ​ | Losses
March 31, 2026 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Municipal Bonds | ​ | 195 | ​ | $ | 47,577 | ​ | $ | (832) | ​ | $ | 89,280 | ​ | $ | (12,359) | ​ | $ | 136,857 | ​ | $ | (13,191)
Mortgage-Backed Securities | ​ | 109 | ​ | ​ | 12,054 | ​ | ​ | (35) | ​ | ​ | 106,909 | ​ | ​ | (10,457) | ​ |  | 118,963 | ​ |  | (10,492)
Corporate Securities | ​ | 39 | ​ | ​ | 9,378 | ​ | ​ | (57) | ​ | ​ | 35,054 | ​ | ​ | (2,310) | ​ |  | 44,432 | ​ |  | (2,367)
U.S. Government Agency Securities | ​ | 23 | ​ | ​ | 932 | ​ | ​ | (6) | ​ | ​ | 1,213 | ​ | ​ | (21) | ​ |  | 2,145 | ​ |  | (27)
Asset-Backed Securities | ​ | 10 | ​ | ​ | 11,553 | ​ | ​ | (14) | ​ | ​ | 12,907 | ​ | ​ | (46) | ​ | ​ | 24,460 | ​ | ​ | (60)
Total Securities Available for Sale | ​ | 376 | ​ | $ | 81,494 | ​ | $ | (944) | ​ | $ | 245,363 | ​ | $ | (25,193) | ​ | $ | 326,857 | ​ | $ | (26,137)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Less Than 12 Months | ​ | 12 Months or Greater | ​ | Total
​ | ​ | Number of | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized
(dollars in thousands, except number of holdings) | ​ ​ ​ | Holdings | ​ ​ ​ | Fair Value | ​ ​ ​ | Losses | ​ ​ ​ | Fair Value | ​ ​ ​ | Losses | ​ ​ ​ | Fair Value | ​ ​ ​ | Losses
December 31, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury Securities | ​ | 2 | ​ | $ | — | ​ | $ | — | ​ | $ | 146,206 | ​ | $ | (9,657) | ​ | $ | 146,206 | ​ | $ | (9,657)
Municipal Bonds | ​ | 185 | ​ | ​ | 22,430 | ​ | ​ | (354) | ​ | ​ | 94,839 | ​ | ​ | (12,159) | ​ | ​ | 117,269 | ​ | ​ | (12,513)
Mortgage-Backed Securities | ​ | 108 | ​ | ​ | 4,701 | ​ | ​ | (14) | ​ | ​ | 110,265 | ​ | ​ | (10,047) | ​ |  | 114,966 | ​ |  | (10,061)
Corporate Securities | ​ | 45 | ​ | ​ | 10,341 | ​ | ​ | (68) | ​ | ​ | 39,318 | ​ | ​ | (2,563) | ​ |  | 49,659 | ​ |  | (2,631)
U.S. Government Agency Securities | ​ | 25 | ​ | ​ | 800 | ​ | ​ | (3) | ​ | ​ | 1,884 | ​ | ​ | (27) | ​ |  | 2,684 | ​ |  | (30)
Asset-Backed Securities | ​ | 7 | ​ | ​ | 13,024 | ​ | ​ | (31) | ​ | ​ | 6,150 | ​ | ​ | (6) | ​ | ​ | 19,174 | ​ | ​ | (37)
Total Securities Available for Sale | ​ | 372 | ​ | $ | 51,296 | ​ | $ | (470) | ​ | $ | 398,662 | ​ | $ | (34,459) | ​ | $ | 449,958 | ​ | $ | (34,929)
Schedule of contractual maturities of debt | The following table presents a summary of the amortized cost and estimated fair value of debt securities by the earlier of expected call date or contractual maturity as of March 31, 2026. Call date is used when a call of the debt security is expected, as determined by the Company when the security has a market value above its amortized cost. Contractual maturities will differ from expected maturities for mortgage-backed, U.S. government agency securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) | ​ ​ ​ | Amortized Cost | ​ ​ ​ | Fair Value
March 31, 2026 | ​ | ​ | ​ | ​ | ​ | ​
Due in One Year or Less | ​ | $ | 33,020 | ​ | $ | 34,580
Due After One Year Through Five Years | ​ |  | 98,995 | ​ |  | 99,180
Due After Five Years Through 10 Years | ​ |  | 123,609 | ​ |  | 112,034
Due After 10 Years | ​ |  | 47,617 | ​ |  | 45,240
Subtotal | ​ |  | 303,241 | ​ |  | 291,034
Mortgage-Backed Securities | ​ |  | 238,500 | ​ |  | 230,320
U.S. Government Agency Securities | ​ |  | 7,654 | ​ |  | 7,702
Asset-Backed Securities | ​ | ​ | 37,566 | ​ | ​ | 37,509
Totals | ​ | $ | 586,961 | ​ | $ | 566,565
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses | The following table presents a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for the three months ended March 31, 2026 and 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31,
(dollars in thousands) | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Proceeds From Sales of Securities | ​ | $ | 208,501 | ​ | $ | 1,092
Gross Gains on Sales | ​ |  | 6,190 | ​ |  | 4
Gross Losses on Sales | ​ |  | (9,342) | ​ |  | (3)
​

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