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Investments (Tables)
6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Summary of securities available-for-sale
The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at June 30, 2025 and December 31, 2024 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrealized gains and losses (in thousands): 
 June 30, 2025
Available-for-Sale SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:    
U.S. Treasury securities$9,995 $— $(651)$9,344 $— 
U.S. Government agencies68 — (3)65 — 
Obligations of states and political subdivisions182,005 11 (22,277)159,739 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations77,969 66 (4,041)73,994 — 
Private label mortgage and asset backed securities253,182 (27,458)225,729 — 
Corporate debt securities460 23 — 483 — 
Total available-for-sale$523,679 $105 $(54,430)$469,354 $— 
June 30, 2025
Held-to-Maturity SecuritiesAmortized  Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:
Obligations of states and political subdivisions$192,202 $53 $(20,172)$172,083 $12 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,268 — (1,777)9,491 — 
Private label mortgage and asset backed securities52,400 — (4,261)48,139 
Corporate debt securities36,321 — (2,351)33,970 767 
Total held-to-maturity$292,191 $53 $(28,561)$263,683 $786 
 December 31, 2024
Available-for-Sale SecuritiesAmortized
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Allowance for Credit Losses
Debt securities:    
U.S. Treasury securities$9,994 $— $(936)$9,058 $— 
U.S. Government agencies70 — (5)65 — 
Obligations of states and political subdivisions183,766 — (19,126)164,640 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations76,732 (4,438)72,302 — 
Private label mortgage and asset backed securities265,302 (34,753)230,555 — 
Corporate debt securities470 23 — 493 
Total available-for-sale$536,334 $37 $(59,258)$477,113 $— 
December 31, 2024
Held-to-Maturity SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:
Obligations of states and political subdivisions$192,156 $54 $(17,392)$174,818 $12 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,095 — (2,100)8,995 — 
Private label mortgage and asset backed securities53,066 — (5,633)47,433 
Corporate debt securities46,198 — (2,876)43,322 1,136 
Total held-to-maturity$302,515 $54 $(28,001)$274,568 $1,156 
Summary of securities held-to-maturity
The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at June 30, 2025 and December 31, 2024 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrealized gains and losses (in thousands): 
 June 30, 2025
Available-for-Sale SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:    
U.S. Treasury securities$9,995 $— $(651)$9,344 $— 
U.S. Government agencies68 — (3)65 — 
Obligations of states and political subdivisions182,005 11 (22,277)159,739 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations77,969 66 (4,041)73,994 — 
Private label mortgage and asset backed securities253,182 (27,458)225,729 — 
Corporate debt securities460 23 — 483 — 
Total available-for-sale$523,679 $105 $(54,430)$469,354 $— 
June 30, 2025
Held-to-Maturity SecuritiesAmortized  Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:
Obligations of states and political subdivisions$192,202 $53 $(20,172)$172,083 $12 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,268 — (1,777)9,491 — 
Private label mortgage and asset backed securities52,400 — (4,261)48,139 
Corporate debt securities36,321 — (2,351)33,970 767 
Total held-to-maturity$292,191 $53 $(28,561)$263,683 $786 
 December 31, 2024
Available-for-Sale SecuritiesAmortized
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Allowance for Credit Losses
Debt securities:    
U.S. Treasury securities$9,994 $— $(936)$9,058 $— 
U.S. Government agencies70 — (5)65 — 
Obligations of states and political subdivisions183,766 — (19,126)164,640 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations76,732 (4,438)72,302 — 
Private label mortgage and asset backed securities265,302 (34,753)230,555 — 
Corporate debt securities470 23 — 493 
Total available-for-sale$536,334 $37 $(59,258)$477,113 $— 
December 31, 2024
Held-to-Maturity SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:
Obligations of states and political subdivisions$192,156 $54 $(17,392)$174,818 $12 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,095 — (2,100)8,995 — 
Private label mortgage and asset backed securities53,066 — (5,633)47,433 
Corporate debt securities46,198 — (2,876)43,322 1,136 
Total held-to-maturity$302,515 $54 $(28,001)$274,568 $1,156 
Realized gains and losses
Proceeds and gross realized gains (losses) from the sales or calls of available-for-sale investment securities for the three and six months ended June 30, 2025 and 2024 are shown below (in thousands):

For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
Available-for-Sale Securities2025202420252024
Proceeds from sales or calls$275 $32,589 $275 $38,289 
Gross realized gains from sales or calls— — — — 
Gross realized losses from sales or calls$(15)$(1,974)$(15)$(2,346)
Investments securities by contractual maturity
The amortized cost and estimated fair value of available-for-sale and held-to-maturity investment securities at June 30, 2025 by contractual maturity is shown below (in thousands). Expected maturities will differ from contractual maturities because the issuers of the securities may 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.

June 30, 2025December 31, 2024
Available-for-Sale SecuritiesAmortized 
Cost
Estimated Fair
Value
Amortized 
Cost
Estimated Fair
Value
Within one year$— $— $— $— 
After one year through five years31,319 28,519 15,661 14,056 
After five years through ten years22,949 21,002 33,585 29,670 
After ten years137,732 119,562 144,514 129,972 
 192,000 169,083 193,760 173,698 
Investment securities not due at a single maturity date:  
U.S. Government agencies68 65 70 65 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations77,969 73,994 76,732 72,302 
Private label mortgage and asset backed securities253,182 225,729 265,302 230,555 
Corporate debt securities460 483 470 493 
Total available-for-sale$523,679 $469,354 $536,334 $477,113 
June 30, 2025December 31, 2024
Held-to-Maturity SecuritiesAmortized 
Cost
Estimated Fair
Value
Amortized 
Cost
Estimated Fair
Value
Within one year$— $— $— $— 
After one year through five years26,425 25,777 24,535 23,368 
After five years through ten years58,774 54,801 60,369 54,685 
After ten years107,003 91,506 107,252 96,765 
192,202 172,084 192,156 174,818 
Investment securities not due at a single maturity date:
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,268 9,491 11,095 8,995 
Private label mortgage and asset backed securities52,400 48,139 53,066 47,433 
Corporate debt securities36,321 33,969 46,198 43,322 
Total held-to-maturity$292,191 $263,683 $302,515 $274,568 
AFS debt securities in an unrealized loss position
The following table summarizes the Company’s AFS debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands): 
 June 30, 2025
 Less than 12 Months12 Months or MoreTotal
 FairUnrealizedFairUnrealizedFairUnrealized
Available-for-Sale SecuritiesValueLossesValueLossesValueLosses
Debt securities:      
U.S. Treasury securities$— $— $9,344 $(651)$9,344 $(651)
U.S. Government agencies— — 65 (3)65 (3)
Obligations of states and political subdivisions2,729 (512)155,690 (21,765)158,419 (22,277)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations4,282 (29)60,304 (4,012)64,586 (4,041)
Private label mortgage and asset backed securities— — 225,671 (27,458)225,671 (27,458)
Total available-for-sale$7,011 $(541)$451,074 $(53,889)$458,085 $(54,430)

 December 31, 2024
 Less than 12 Months12 Months or MoreTotal
 FairUnrealizedFairUnrealizedFairUnrealized
Available-for-Sale SecuritiesValueLossesValueLossesValueLosses
Debt securities:     
U.S. Treasury securities$— $— $9,058 $(936)$9,058 $(936)
U.S. Government agencies— — 65 (5)65 (5)
Obligations of states and political subdivisions1,853 (152)162,787 (18,974)164,640 (19,126)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations359 (4)63,401 (4,434)63,760 (4,438)
Private label mortgage and asset backed securities— — 226,070 (34,753)226,070 (34,753)
Total available-for-sale$2,212 $(156)$461,381 $(59,102)$463,593 $(59,258)
Allowance for credit losses related to held-to-maturity debt securities
The following table shows the summary of activities for the allowance for credit losses related to held-to-maturity debt securities for the thee months and six months ended June 30, 2025 and 2024 (in thousands):
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
Debt Securities Held-to-Maturity2025202420252024
Beginning ACL balance$974 $894 $1,156 $1,051 
(Credit) provision to credit losses(188)182 (370)25 
Total Ending ACL balance$786 $1,076 $786 $1,076 
Debt securities held-to-maturity aggregated by credit quality indicator The following table summarizes the amortized cost of debt securities held-to-maturity at the dates indicated, aggregated by credit quality indicator. U.S. Government sponsored agencies are not included in the below tables as credit ratings are not applicable.
June 30, 2025
Debt Securities Held-to-Maturity (in thousands)AAA/AA/ABBBUnrated
Obligations of states and political subdivisions$192,202 $— $— 
Private label mortgage and asset backed securities50,827 — 1,573 
Corporate debt securities— 25,238 11,083 
Total debt securities held-to-maturity$243,029 $25,238 $12,656