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Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Investments [Abstract]  
Amortized Cost and Fair Value of Investment Securities
The amortized cost, gross unrealized gains and losses, and fair value of investment securities at September 30, 2025 and December 31, 2024 were as follows (in thousands):

         
Gross
    
Gross
    
Allowance
        
   
Amortized
    
Unrealized
    
Unrealized
    
for Credit
    
Fair
  
September 30, 2025
  
Cost
    
Gains
    
Losses
    
Losses
    
Value
  
Available-for-sale securities:
                              
U.S. agency securities
  
$
54,652
    
$
12
    
$
(3,247
)
  
$
-
    
$
51,417
  
U.S. treasury securities
    
96,467
      
234
      
(2,774
)
    
-
      
93,927
  
Obligations of state and political subdivisions
    
120,474
      
649
      
(6,938
)
    
-
      
114,185
  
Corporate obligations
    
11,280
      
368
      
(484
)
    
-
      
11,164
  
Mortgage-backed securities in government sponsored entities
    
189,372
      
1,123
      
(9,831
)
    
-
      
180,664
  
Total available-for-sale securities
  
$
472,245
    
$
2,386
    
$
(23,274
)
  
$
-
    
$
451,357
  
                                         
December 31, 2024
                                        
Available-for-sale securities:
                                        
U.S. agency securities
  
$
58,594
    
$
6
    
$
(5,113
)
  
$
-
    
$
53,487
  
U.S. treasury securities
    
126,220
      
6
      
(5,724
)
    
-
      
120,502
  
Obligations of state and political subdivisions
   
103,137
      
4
      
(8,239
)
    
-
      
94,902
  
Corporate obligations
    
11,206
      
297
      
(1,065
)
    
-
      
10,438
  
Mortgage-backed securities in government sponsored entities
   
160,380
      
232
      
(14,029
)
    
-
      
146,583
  
Total available-for-sale securities
  
$
459,537
    
$
545
    
$
(34,170
)
  
$
-
    
$
425,912
  
Unrealized Losses and Fair Value of Investments
The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time, which individual securities have been in a continuous unrealized loss position, at September 30, 2025 and December 31, 2024 (in thousands). As of September 30, 2025, the Company owned 272 securities whose fair value was less than their cost basis.

September 30, 2025
  
Less than Twelve Months
    
Twelve Months or Greater
    
Total
  
         
Gross
          
Gross
          
Gross
  
   
Fair
    
Unrealized
    
Fair
    
Unrealized
    
Fair
    
Unrealized
  
   
Value
    
Losses
    
Value
    
Losses
    
Value
    
Losses
  
U.S. agency securities
  
$
-
    
$
-
    
$
46,764
    
$
(3,247
)
  
$
46,764
    
$
(3,247
)
U.S. treasury securities
    
-
      
-
      
84,082
      
(2,774
)
    
84,082
      
(2,774
)
Obligations of state and political subdivisions
    
2,352
      
(124
)
    
74,750
      
(6,814
)
    
77,102
      
(6,938
)
Corporate obligations
    
-
      
-
      
6,516
      
(484
)
    
6,516
      
(484
)
Mortgage-backed securities in government sponsored entities
    
21,970
      
(187
)
    
86,141
      
(9,644
)
    
108,111
      
(9,831
)
Total securities
  
$
24,322
    
$
(311
)
  
$
298,253
    
$
(22,963
)
  
$
322,575
    
$
(23,274
)
                                                 
December 31, 2024
                                                
U.S. agency securities
  
$
-
    
$
-
    
$
51,470
    
$
(5,113
)
  
$
51,470
    
$
(5,113
)
U.S. treasury securities
    
5,553
      
(11
)
    
110,992
      
(5,713
)
    
116,545
      
(5,724
)
Obligations of states and political subdivisions
    
4,186
      
(39
)
    
86,773
      
(8,200
)
    
90,959
      
(8,239
)
Corporate obligations
    
345
      
(33
)
    
6,970
      
(1,032
)
    
7,315
      
(1,065
)
Mortgage-backed securities in government sponsored entities
    
35,044
      
(817
)
    
82,425
      
(13,212
)
    
117,469
      
(14,029
)
Total securities
  
$
45,128
    
$
(900
)
  
$
338,630
    
$
(33,270
)
  
$
383,758
    
$
(34,170
)
Unrealized Gains (Losses) Related to Equity Securities
The following table presents the net gains (losses) on the Company’s equity investments recognized in earnings during the three and nine month periods ended September 30, 2025 and  2024, and the portion of unrealized gains for the period that relates to equity investments held at September 30, 2025 and 2024 (in thousands):

   
Three Months Ended
    
Nine Months Ended
  
   
September 30,
    
September 30,
  
Equity securities
  
2025
    
2024
    
2025
    
2024
  
Net gains recognized in equity securities during the period
  
$
34
    
$
159
    
$
56
    
$
127
  
Less: Net loss realized on the sale of equity securities during the period
    
-
      
-
      
-
      
(4
)
Net unrealized gains
  
$
34
    
$
159
    
$
56
    
$
131
  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.   The amortized cost and fair value of debt securities at September 30, 2025, by contractual maturity, are shown below (in thousands):
 
   
Amortized
Cost
    
Fair Value
  
Available-for-sale debt securities:
            
Due in one year or less
  
$
42,421
    
$
41,868
  
Due after one year through five years
    
117,691
      
113,554
  
Due after five years through ten years
    
98,279
      
92,846
  
Due after ten years
    
213,854
      
203,089
  
Total
  
$
472,245
    
$
451,357