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Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Debt Securities Available for Sale

The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables:

			June 30, 2025
(in thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	365,751					$	870					$	(23,751)					$	342,870
Municipal bonds			197,906						—						(36,847)						161,059
U.S. agency securities			64,418						28						(1,394)						63,052
Total Securities AFS			$	628,075					$	898					$	(61,992)					$	566,981
Securities HTM:
Mortgage-backed securities			$	126,368					$	—					$	(22,338)					$	104,030
U.S. agency securities			937						—						(83)						854
Total Securities HTM			$	127,305					$	—					$	(22,421)					$	104,884

			December 31, 2024
(in thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	334,123					$	539					$	(27,562)					$	307,100
Municipal bonds			203,394						—						(34,551)						168,843
U.S. Treasury securities			10,995						—						(63)						10,932
U.S. agency securities			64,881						18						(1,626)						63,273
Total Securities AFS			$	613,393					$	557					$	(63,802)					$	550,148
Securities HTM:
Mortgage-backed securities			$	130,864					$	—					$	(22,698)					$	108,166
U.S. agency securities			932						—						(108)						824
Total Securities HTM			$	131,796					$	—					$	(22,806)					$	108,990

Schedule of Debt Securities Held-to-Maturity

The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables:

			June 30, 2025
(in thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	365,751					$	870					$	(23,751)					$	342,870
Municipal bonds			197,906						—						(36,847)						161,059
U.S. agency securities			64,418						28						(1,394)						63,052
Total Securities AFS			$	628,075					$	898					$	(61,992)					$	566,981
Securities HTM:
Mortgage-backed securities			$	126,368					$	—					$	(22,338)					$	104,030
U.S. agency securities			937						—						(83)						854
Total Securities HTM			$	127,305					$	—					$	(22,421)					$	104,884

			December 31, 2024
(in thousands)			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	334,123					$	539					$	(27,562)					$	307,100
Municipal bonds			203,394						—						(34,551)						168,843
U.S. Treasury securities			10,995						—						(63)						10,932
U.S. agency securities			64,881						18						(1,626)						63,273
Total Securities AFS			$	613,393					$	557					$	(63,802)					$	550,148
Securities HTM:
Mortgage-backed securities			$	130,864					$	—					$	(22,698)					$	108,166
U.S. agency securities			932						—						(108)						824
Total Securities HTM			$	131,796					$	—					$	(22,806)					$	108,990

Schedule of Maturities of Securities Available for Sale

The amortized cost and estimated fair value of securities AFS and securities HTM as of June 30, 2025, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties.

			June 30, 2025
(in thousands)			Amortized Cost						Fair Value
Securities AFS:
Within one year			$	4,972					$	4,920
After one year but within five years			24,049						23,505
After five years but within ten years			129,066						120,202
After ten years			469,988						418,354
Total Securities AFS			$	628,075					$	566,981
Securities HTM:
Within one year			$	—					$	—
After one year but within five years			—						—
After five years but within ten years			937						854
After ten years			126,368						104,030
Total Securities HTM			$	127,305					$	104,884

Schedule of Debt Securities Available for Sale in Unrealized Loss Position

Information pertaining to securities AFS with gross unrealized losses as of June 30, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:

			June 30, 2025
			Less than twelve months												Twelve months or more
(in thousands)			Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	(603)					$	84,282					$	(23,148)					$	170,860
Municipal bonds			(29)						1,462						(36,818)						159,272
U.S. agency securities			(66)						24,360						(1,328)						20,190
Total Securities AFS			$	(698)					$	110,104					$	(61,294)					$	350,322
			December 31, 2024
			Less than twelve months												Twelve months or more
(in thousands)			Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	(642)					$	66,986					$	(26,920)					$	179,644
Municipal bonds			(136)						2,863						(34,415)						165,980
U.S. Treasury securities			—						—						(63)						10,932
U.S. agency securities			(82)						27,329						(1,544)						19,801
Total Securities AFS			$	(860)					$	97,178					$	(62,942)					$	376,357

Schedule of Debt Securities Held-to-Maturity in Unrealized Loss Position

Information pertaining to securities AFS with gross unrealized losses as of June 30, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:

			June 30, 2025
			Less than twelve months												Twelve months or more
(in thousands)			Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	(603)					$	84,282					$	(23,148)					$	170,860
Municipal bonds			(29)						1,462						(36,818)						159,272
U.S. agency securities			(66)						24,360						(1,328)						20,190
Total Securities AFS			$	(698)					$	110,104					$	(61,294)					$	350,322
			December 31, 2024
			Less than twelve months												Twelve months or more
(in thousands)			Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value
Securities AFS:
Mortgage-backed securities			$	(642)					$	66,986					$	(26,920)					$	179,644
Municipal bonds			(136)						2,863						(34,415)						165,980
U.S. Treasury securities			—						—						(63)						10,932
U.S. agency securities			(82)						27,329						(1,544)						19,801
Total Securities AFS			$	(860)					$	97,178					$	(62,942)					$	376,357

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