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Investment Securities (Tables)
3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Summary of Information Regarding Company's Investment Securities Classified as Available for Sale and Held to Maturity
The following tables summarize the Company’s available for sale and held to maturity investment securities at March 31, 2026 and December 31, 2025.
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
March 31, 2026   
Available for sale:
U.S. agency mortgage-backed$291,125 $288 $17,673 $273,740 
Collateralized mortgage obligations51,705 968 50,738 
Municipal bonds52,911 5,147 47,765 
U.S. government agency10,475 — 489 9,986 
Corporate bonds3,500 — — 3,500 
Total available for sale$409,716 $290 $24,277 $385,729 
Held to maturity:
Municipal bonds$530 $$— $531 
Total held to maturity$530 $$— $531 
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
December 31, 2025   
Available for sale:
U.S. agency mortgage-backed$284,749 $402 $17,501 $267,650 
Collateralized mortgage obligations61,185 859 60,327 
Municipal bonds53,018 4,874 48,147 
U.S. government agency11,441 — 438 11,003 
Corporate bonds4,491 179 4,321 
Total available for sale$414,884 $415 $23,851 $391,448 
Held to maturity:
Municipal bonds$1,065 $$— $1,066 
Total held to maturity$1,065 $$— $1,066 
Summary of Amortized Cost and Estimated Fair Value by Maturity of Company's Investment Securities
The estimated fair value and amortized cost by contractual maturity of the Company’s investment securities as of March 31, 2026 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security may differ from its contractual maturity because of prepayments or the exercise of call options. Accordingly, actual maturities may differ from contractual maturities. The Company’s investment securities portfolio had an effective duration of 3.4 years and 3.3 years at March 31, 2026 and December 31, 2025, respectively.
(dollars in thousands)One Year or LessAfter One Year through Five YearsAfter Five Years through Ten YearsAfter Ten YearsTotal
Fair Value
Available for sale:
U.S. agency mortgage-backed$16,985 $80,896 $85,338 $90,521 $273,740 
Collateralized mortgage obligations6,773 31,286 378 12,301 50,738 
Municipal bonds— 12,591 32,826 2,348 47,765 
U.S. government agency— 1,702 8,284 — 9,986 
Corporate bonds— 3,500 — — 3,500 
Total available for sale$23,758 $129,975 $126,826 $105,170 $385,729 
Held to maturity:
Municipal bonds$531 $— $— $— $531 
Total held to maturity$531 $— $— $— $531 
(dollars in thousands)One Year or LessAfter One Year through Five YearsAfter Five Years through Ten YearsAfter Ten YearsTotal
Amortized Cost
Available for sale:
U.S. agency mortgage-backed$17,177 $83,847 $88,702 $101,399 $291,125 
Collateralized mortgage obligations6,811 31,770 383 12,741 51,705 
Municipal bonds— 13,159 37,096 2,656 52,911 
U.S. government agency— 1,816 8,659 — 10,475 
Corporate bonds— 3,500 — — 3,500 
Total available for sale$23,988 $134,092 $134,840 $116,796 $409,716 
Held to maturity:
Municipal bonds$530 $— $— $— $530 
Total held to maturity$530 $— $— $— $530 
Summary of Company's Investment Securities With Unrealized Losses, Aggregated by Type and Length
The Company's investment securities with unrealized losses, aggregated by type and length of time that individual securities have been in a continuous loss position, are summarized in the following tables.

(dollars in thousands)Less Than 1 YearOver 1 YearTotal
March 31, 2026Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Available for sale:
U.S. agency mortgage-backed$47,887 $317 $202,649 $17,356 $250,536 $17,673 
Collateralized mortgage obligations10,363 59 40,368 909 50,731 968 
Municipal bonds1,299 45,325 5,140 46,624 5,147 
U.S. government agency3,052 33 6,934 456 9,986 489 
Corporate bonds— — 3,500 — 3,500 — 
Total available for sale$62,601 $416 $298,776 $23,861 $361,377 $24,277 
(dollars in thousands)Less Than 1 YearOver 1 YearTotal
December 31, 2025Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
Available for sale:
U.S. agency mortgage-backed$13,590 $51 $220,409 $17,450 $233,999 $17,501 
Collateralized mortgage obligations25 — 60,276 859 60,301 859 
Municipal bonds— — 46,205 4,874 46,205 4,874 
U.S. government agency— — 11,003 438 11,003 438 
Corporate bonds— — 3,320 179 3,320 179 
Total available for sale$13,615 $51 $341,213 $23,800 $354,828 $23,851 
Summary of Amortized Cost of Held-to-maturity Securities by Credit Rating The following tables present the amortized cost of the Company's held-to-maturity securities by credit quality rating at March 31, 2026 and December 31, 2025.
Credit Ratings
(dollars in thousands)AAA/AA/ABBB/BB/BTotal
March 31, 2026
Held to maturity:
Municipal bonds$530 $— $530 
Credit Ratings
(dollars in thousands)AAA/AA/ABBB/BB/BTotal
December 31, 2025
Held to maturity:
Municipal bonds$1,065 $— $1,065