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Investment Securities and Other Investments (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Investments [Abstract]

Summary of Amortized Cost and Fair Values of Investment Securities Available for Sale

The following table presents amortized cost, fair values, and gross unrealized gains and losses of investment securities AFS as of the dates stated.


		December 31, 2024
(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available for sale
Mortgage backed securities		$	199,453			$	—			$	(35,015	)		$	164,438
U.S. Treasury and agencies			79,430				—				(9,975	)			69,455
State and municipal			50,233				—				(7,296	)			42,937
Corporate bonds			38,453				—				(3,248	)			35,205
Total investment securities		$	367,569			$	—			$	(55,534	)		$	312,035


		December 31, 2023
(Dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available for sale
Mortgage backed securities		$	212,214			$	—			$	(35,244	)		$	176,970
U.S. Treasury and agencies			79,856				—				(10,985	)			68,871
State and municipal			50,682				—				(7,357	)			43,325
Corporate bonds			36,902				12				(4,999	)			31,915
Total investment securities		$	379,654			$	12			$	(58,585	)		$	321,081

Summary of Unrealized Losses

The following tables present fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates stated.


						December 31, 2024
						Less than 12 Months								12 Months or Greater								Total
(Dollars in thousands)		Number of Securities				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage backed securities			85			$	11,637			$	(107	)		$	152,802			$	(34,908	)		$	164,439			$	(35,015	)
U.S. Treasury and agencies			29				—				—				69,453				(9,975	)			69,453				(9,975	)
State and municipal			70				2,040				(42	)			40,531				(7,254	)			42,571				(7,296	)
Corporate bonds			42				3,803				(21	)			30,653				(3,227	)			34,456				(3,248	)
Total			226			$	17,480			$	(170	)		$	293,439			$	(55,364	)		$	310,919			$	(55,534	)


						December 31, 2023
						Less than 12 Months								12 Months or Greater								Total
(Dollars in thousands)		Number of Securities				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
Mortgage backed securities			86			$	7,497			$	(45	)		$	169,474			$	(35,199	)		$	176,971			$	(35,244	)
U.S. Treasury and agencies			29				283				(1	)			68,399				(10,984	)			68,682				(10,985	)
State and municipal			65				536				(9	)			41,118				(7,348	)			41,654				(7,357	)
Corporate bonds			39				7,469				(830	)			21,683				(4,169	)			29,152				(4,999	)
Total			219			$	15,785			$	(885	)		$	300,674			$	(57,700	)		$	316,459			$	(58,585	)

Summary of Investments Classified by Contractual Maturity Date

The following table presents the amortized cost and fair value of securities available for sale by contractual maturity as of the date stated. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.


		December 31, 2024
(Dollars in thousands)		Amortized Cost				Fair Value
Due in one year or less		$	496			$	496
Due after one year through five years			51,381				47,504
Due after five years through ten years			117,352				101,662
Due after ten years			198,340				162,373
Total		$	367,569			$	312,035