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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2026
INVESTMENT SECURITIES  
Schedule of amortized cost and fair value of securities available-for-sale

The amortized cost and fair value of AFS investment securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows ($ in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized

​

Gross Unrealized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

March 31, 2026

​

​

​

​

​

​

​

​

​

​

​

​

Residential government-sponsored mortgage-backed securities

​

$

72,966

​

$

72

​

$

(1,123)

​

$

71,915

Obligations of states and political subdivisions

​

 

5,775

​

 

7

​

 

(555)

​

 

5,227

Corporate securities

​

 

7,000

​

 

—

​

 

(230)

​

 

6,770

Residential government-sponsored collateralized mortgage obligations

​

 

65,554

​

 

323

​

 

(249)

​

 

65,628

Agency commercial mortgage-backed securities

​

 

18,089

​

​

—

​

​

(2,015)

​

 

16,074

SBA pool securities

​

 

6,333

​

 

6

​

 

(76)

​

 

6,263

Total

​

$

175,717

​

$

408

​

$

(4,248)

​

$

171,877

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized

​

Gross Unrealized

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Value

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

Residential government-sponsored mortgage-backed securities

​

$

72,178

​

$

279

​

$

(651)

​

$

71,806

Obligations of states and political subdivisions

​

 

6,320

​

 

5

​

 

(547)

​

 

5,778

Corporate securities

​

 

7,000

​

 

—

​

 

(421)

​

 

6,579

Residential government-sponsored collateralized mortgage obligations

​

 

63,216

​

 

607

​

 

(16)

​

 

63,807

Agency commercial mortgage-backed securities

​

 

19,013

​

​

—

​

​

(2,048)

​

 

16,965

SBA pool securities

​

 

6,499

​

 

7

​

 

(64)

​

 

6,442

Total

​

$

174,226

​

$

898

​

$

(3,747)

​

$

171,377
Schedule of amortized cost, unrecognized gains and losses, and fair value of held to maturity securities

The amortized cost, gross unrecognized gains and losses, allowance for credit losses and fair value of investment securities HTM were as follows ($ in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized

​

Gross Unrecognized

​

Allowance for

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Credit Losses

  ​ ​ ​

Value

March 31, 2026

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential government-sponsored mortgage-backed securities

​

$

5,273

​

$

2

​

$

(411)

​

$

—

​

$

4,864

Obligations of states and political subdivisions

​

 

1,519

 

​

—

 

​

(40)

 

​

—

​

 

1,479

Total

​

$

6,792

​

$

2

​

$

(451)

​

$

—

​

$

6,343

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized

​

Gross Unrecognized

​

Allowance for

​

Fair

​

  ​ ​ ​

Cost

  ​ ​ ​

Gains

  ​ ​ ​

Losses

  ​ ​ ​

Credit Losses

  ​ ​ ​

Value

December 31, 2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential government-sponsored mortgage-backed securities

​

$

5,462

​

$

2

​

$

(397)

​

$

—

​

$

5,067

Obligations of states and political subdivisions

 

 

1,519

 

​

—

 

​

(26)

 

​

—

​

 

1,493

Total

​

$

6,981

​

$

2

​

$

(423)

​

$

—

​

$

6,560
Schedule of fair value and carrying amount, if different, of debt securities, by contractual maturity

The amortized cost and fair value of AFS and HTM investment securities as of March 31, 2026, by contractual maturity, were as follows ($ in thousands). Investment securities not due at a single maturity date are shown separately.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available-for-Sale

​

Held-to-Maturity

​

  ​ ​ ​

Amortized

  ​ ​ ​

​

​

  ​ ​ ​

Amortized

  ​ ​ ​

​

​

​

​

Cost

​

Fair Value

​

Cost

​

Fair Value

Due within one year

​

$

605

​

$

601

​

$

—

​

$

—

Due in one to five years

​

​

6,220

​

​

6,187

​

​

1,014

​

​

992

Due in five to ten years

​

 

4,745

​

 

4,158

​

 

505

​

 

487

Due after ten years

​

 

1,205

​

 

1,051

​

 

—

​

 

—

Residential government-sponsored mortgage-backed securities

​

 

72,966

​

 

71,915

​

 

5,273

​

 

4,864

Residential government-sponsored collateralized mortgage obligations

​

 

65,554

​

 

65,628

​

 

—

​

 

—

Agency commercial mortgage-backed securities

​

 

18,089

​

 

16,074

​

 

—

​

 

—

SBA pool securities

​

 

6,333

​

 

6,263

​

 

—

​

 

—

Total

​

$

175,717

​

$

171,877

​

$

6,792

​

$

6,343
Schedule of unrealized losses on investments

​

The following tables present information regarding investment securities AFS and HTM in a continuous unrealized loss position as of March 31, 2026 and December 31, 2025 by duration of time in a loss position ($ in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 Months or More

​

Total

March 31, 2026

  ​ ​ ​

Fair

  ​ ​ ​

Unrealized

  ​ ​ ​

Fair

  ​ ​ ​

Unrealized

  ​ ​ ​

Fair

  ​ ​ ​

Unrealized

Available-for-Sale

​

value

​

Losses

​

value

​

Losses

​

value

​

Losses

Residential government-sponsored mortgage-backed securities

​

$

57,307

​

$

(521)

​

$

4,772

​

$

(602)

​

$

62,079

​

$

(1,123)

Obligations of states and political subdivisions

​

​

—

​

​

—

​

​

3,770

​

​

(555)

​

​

3,770

​

​

(555)

Corporate securities

​

​

—

​

​

—

​

​

6,770

​

​

(230)

​

​

6,770

​

​

(230)

Residential government-sponsored collateralized mortgage obligations

​

​

32,858

​

​

(249)

​

​

—

​

​

—

​

​

32,858

​

​

(249)

Agency commercial mortgage-backed securities

​

 

—

​

 

—

​

 

16,075

​

 

(2,015)

​

 

16,075

​

 

(2,015)

SBA pool securities

​

 

3,891

​

 

(57)

​

 

1,788

​

 

(19)

​

 

5,679

​

 

(76)

Total

​

$

94,056

​

$

(827)

​

$

33,175

​

$

(3,421)

​

$

127,231

​

$

(4,248)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 Months or More

​

Total

March 31, 2026

  ​ ​ ​

Fair

  ​ ​ ​

Unrecognized

  ​ ​ ​

Fair

  ​ ​ ​

Unrecognized

  ​ ​ ​

Fair

  ​ ​ ​

Unrecognized

Held-to-Maturity

​

value

​

Losses

​

value

​

Losses

​

value

​

Losses

Residential government-sponsored mortgage-backed securities

​

$

—

​

$

—

​

$

4,799

​

$

(411)

​

$

4,799

​

$

(411)

Obligations of states and political subdivisions

​

 

—

​

 

—

​

 

899

​

 

(40)

​

 

899

​

 

(40)

Total

​

$

—

​

$

—

​

$

5,698

​

$

(451)

​

$

5,698

​

$

(451)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 Months or More

​

Total

December 31, 2025

  ​ ​ ​

Fair

  ​ ​ ​

Unrealized

  ​ ​ ​

Fair

  ​ ​ ​

Unrealized

  ​ ​ ​

Fair

  ​ ​ ​

Unrealized

Available-for-Sale

​

value

​

Losses

​

value

​

Losses

​

value

​

Losses

Residential government-sponsored mortgage-backed securities

​

$

27,502

​

$

(43)

​

$

4,802

​

$

(608)

​

$

32,304

​

$

(651)

Obligations of states and political subdivisions

​

​

—

​

​

—

​

​

4,323

​

​

(547)

​

​

4,323

​

​

(547)

Corporate securities

​

​

—

​

​

—

​

​

6,579

​

​

(421)

​

​

6,579

​

​

(421)

Residential government-sponsored collateralized mortgage obligations

​

​

14,090

​

​

(16)

​

​

—

​

​

—

​

​

14,090

​

​

(16)

Government-sponsored agency securities

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

Agency commercial mortgage-backed securities

​

 

—

​

 

—

​

 

16,965

​

 

(2,048)

​

 

16,965

​

 

(2,048)

SBA pool securities

​

 

—

​

 

—

​

 

6,004

​

 

(64)

​

 

6,004

​

 

(64)

Total

​

$

41,592

​

$

(59)

​

$

38,673

​

$

(3,688)

​

$

80,265

​

$

(3,747)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 Months or More

​

Total

December 31, 2025

  ​ ​ ​

Fair

  ​ ​ ​

Unrecognized

  ​ ​ ​

Fair

  ​ ​ ​

Unrecognized

  ​ ​ ​

Fair

  ​ ​ ​

Unrecognized

Held-to-Maturity

​

value

​

Losses

​

value

​

Losses

​

value

​

Losses

Residential government-sponsored mortgage-backed securities

​

$

—

​

$

—

​

$

5,001

​

$

(397)

​

$

5,001

​

$

(397)

Obligations of states and political subdivisions

​

 

—

​

 

—

​

 

913

​

 

(26)

​

 

913

​

 

(26)

Total

​

$

—

​

$

—

​

$

5,914

​

$

(423)

​

$

5,914

​

$

(423)

​