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Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available-For-Sale
The following table presents the amortized cost and fair value of the securities available-for-sale as of the dates indicated:
($ in thousands)
Amortized Cost
Gross Unrealized GainGross Unrealized Loss
Fair Value
June 30, 2026
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Residential mortgage-backed securities
$163,792 $588 $(8,183)$156,197 
Residential collateralized mortgage obligations
18,183 14 (886)17,311 
SBA loan pool securities
3,710 — (184)3,526 
Municipal bonds
2,470 5 (1)2,474 
Corporate bonds5,000 — (190)4,810 
Total securities available-for-sale
$193,155 $607 $(9,444)$184,318 
December 31, 2025
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Residential mortgage-backed securities
$135,728 $1,063 $(6,969)$129,822 
Residential collateralized mortgage obligations
19,499 65 (802)18,762 
SBA loan pool securities
4,363 1 (171)4,193 
Municipal bonds
2,463 22 (1)2,484 
Corporate bonds5,000 — (252)4,748 
Total securities available-for-sale
$167,053 $1,151 $(8,195)$160,009 
Schedule of Investments Classified by Contractual Maturity Date
The following table presents the amortized cost and fair value of the securities available-for-sale by contractual maturity as of the date indicated. Expected maturities may differ from contractual maturities, if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
June 30, 2026
($ in thousands)
Amortized Cost
Fair Value
Within one year
$— $— 
One to five years
83 83 
Five to ten years
6,927 6,741 
Greater than ten years
460 460 
Residential mortgage-backed securities, residential collateralized mortgage obligations and SBA loan pool securities
185,685 177,034 
Total
$193,155 $184,318 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following table presents the investment securities with unrealized losses by security type and length of time in a continuous unrealized loss position for which an allowance for credit losses (“ACL”) was not recorded as of the dates indicated:
Length of Time that Individual Securities Have Been In a Continuous Unrealized Loss Position
Less Than 12 Months12 Months or LongerTotal
($ in thousands)
Fair Value
Gross Unrealized Losses
Number of Securities
Fair Value
Gross Unrealized Losses
Number of Securities
Fair Value
Gross Unrealized Losses
Number of Securities
June 30, 2026
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Residential mortgage-backed securities
$57,754 $(717)30 $57,198 $(7,466)104 $114,952 $(8,183)134 
Residential collateralized mortgage obligations
627 (1)1 13,572 (885)35 14,199 (886)36 
SBA loan pool securities
40 (1)1 3,486 (183)14 3,526 (184)15 
Municipal bonds
83 (1)1 — — — 83 (1)1 
Corporate bonds— — — 4,810 (190)1 4,810 (190)1 
Total securities available-for-sale
$58,504 $(720)33 $79,066 $(8,724)154 $137,570 $(9,444)187 
December 31, 2025
Securities available-for-sale:
U.S. government agency and U.S. government sponsored enterprise securities:
Residential mortgage-backed securities
$6,795 $(15)3 $61,977 $(6,954)111 $68,772 $(6,969)114 
Residential collateralized mortgage obligations
3,114 (7)3 12,181 (795)34 15,295 (802)37 
SBA loan pool securities
— — — 4,152 (171)15 4,152 (171)15 
Municipal bonds83 (1)1 — — — 83 (1)1 
Corporate bonds— — — 4,748 (252)1 4,748 (252)1 
Total securities available-for-sale
$9,992 $(23)7 $83,058 $(8,172)161 $93,050 $(8,195)168