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Securities (Tables) | 6 Months Ended
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Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Debt Securities, Available-for-sale and Unrealized Loss on Investments | The following tables present the amortized cost and fair value of securities available-for-sale at the dates indicated:
| June 30, 2025
| Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
(Dollars in thousands) |  |  |  |
Available-for-Sale Debt Securities: |  |  |  |
U.S. Government Agencies | $ | 4,996 |  | $ | — |  | $ | (819) |  | $ | 4,177 |
Obligations of States and Political Subdivisions | 3,503 |  | 10 |  | (61) |  | 3,452 |
Mortgage-Backed Securities - Government-Sponsored Enterprises | 51,716 |  | 430 |  | (2,455) |  | 49,691 |
Collateralized Mortgage Obligations - Government-Sponsored Enterprises | 116,031 |  | 151 |  | (13,642) |  | 102,540 |
Collateralized Loan Obligations | 96,250 |  | 8 |  | (257) |  | 96,001 |
Corporate Debt | 11,976 |  | 46 |  | (1,602) |  | 10,420 |
Total Available-for-Sale Debt Securities | 284,472 |  | 645 |  | (18,836) |  | 266,281 |
Equity Securities: |  |  |  |
Mutual Funds |  |  |  | 890 |
Total Securities |  |  |  | $ | 267,171 |
| December 31, 2024
| Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value
(Dollars in thousands) |  |  |  |
Available-for-Sale Debt Securities: |  |  |  |
U.S. Government Agencies | $ | 4,996 |  | $ | — |  | $ | (1,051) |  | $ | 3,945 |
Obligations of States and Political Subdivisions | 3,496 |  | — |  | (149) |  | 3,347 |
Mortgage-Backed Securities - Government-Sponsored Enterprises | 53,628 |  | — |  | (3,265) |  | 50,363 |
Collateralized Mortgage Obligations - Government-Sponsored Enterprises | 111,076 |  | — |  | (16,119) |  | 94,957 |
Collateralized Loan Obligations | 98,741 |  | 96 |  | (58) |  | 98,779 |
Corporate Debt | 9,479 |  | — |  | (1,356) |  | 8,123 |
Total Available-for-Sale Debt Securities | 281,416 |  | 96 |  | (21,998) |  | 259,514 |
Equity Securities: |  |  |  |
Mutual Funds |  |  |  | 879 |
Other |  |  |  | 1,760 |
Total Equity Securities |  |  |  | 2,639 |
Total Securities |  |  |  | $ | 262,153 |
The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at the dates indicated:
| June 30, 2025
| Less than 12 months |  | 12 Months or Greater |  | Total
| Number of Securities | Fair Value | Gross Unrealized Losses |  | Number of Securities | Fair Value | Gross Unrealized Losses |  | Number of Securities | Fair Value | Gross Unrealized Losses
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
U.S. Government Agencies | — |  | $ | — |  | $ | — |  |  | 1 |  | $ | 4,177 |  | $ | (819) |  |  | 1 |  | $ | 4,177 |  | $ | (819) |
Obligations of States and Political Subdivisions | 1 |  | 537 |  | — |  |  | 5 |  | 2,356 |  | (61) |  |  | 6 |  | 2,893 |  | (61) |
Mortgage Backed Securities- Government-Sponsored Enterprises | 1 |  | 4,218 |  | (41) |  |  | 8 |  | 14,820 |  | (2,414) |  |  | 9 |  | 19,038 |  | (2,455) |
Collateralized Mortgage Obligations - Government-Sponsored Enterprises | 3 |  | 17,762 |  | (124) |  |  | 21 |  | 70,100 |  | (13,518) |  |  | 24 |  | 87,862 |  | (13,642) |
Collateralized Loan Obligations | 8 |  | 59,889 |  | (230) |  |  | 1 |  | 10,028 |  | (27) |  |  | 9 |  | 69,917 |  | (257) |
Corporate Debt | — |  | — |  | — |  |  | 3 |  | 7,874 |  | (1,602) |  |  | 3 |  | 7,874 |  | (1,602) |
Total | 13 |  | $ | 82,406 |  | $ | (395) |  |  | 39 |  | $ | 109,355 |  | $ | (18,441) |  |  | 52 |  | $ | 191,761 |  | $ | (18,836) |
| December 31, 2024
| Less than 12 months |  | 12 Months or Greater |  | Total
| Number of Securities | Fair Value | Gross Unrealized Losses |  | Number of Securities | Fair Value | Gross Unrealized Losses |  | Number of Securities | Fair Value | Gross Unrealized Losses
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |
U.S. Government Agencies | — |  | $ | — |  | $ | — |  |  | 1 |  | $ | 3,945 |  | $ | (1,051) |  |  | 1 |  | $ | 3,945 |  | $ | (1,051) |
Obligations of States and Political Subdivisions | 2 |  | 1,068 |  | (16) |  |  | 5 |  | 2,279 |  | (133) |  |  | 7 |  | 3,347 |  | (149) |
Mortgage Backed Securities- Government-Sponsored Enterprises | 5 |  | 35,232 |  | (222) |  |  | 8 |  | 15,131 |  | (3,043) |  |  | 13 |  | 50,363 |  | (3,265) |
Collateralized Mortgage Obligations - Government-Sponsored Enterprises | 4 |  | 31,208 |  | (662) |  |  | 20 |  | 63,749 |  | (15,457) |  |  | 24 |  | 94,957 |  | (16,119) |
Collateralized Loan Obligations | 5 |  | 27,564 |  | (58) |  |  | — |  | — |  | — |  |  | 5 |  | 27,564 |  | (58) |
Corporate Debt | — |  | — |  | — |  |  | 3 |  | 8,123 |  | (1,356) |  |  | 3 |  | 8,123 |  | (1,356) |
Total | 16 |  | $ | 95,072 |  | $ | (958) |  |  | 37 |  | $ | 93,227 |  | $ | (21,040) |  |  | 53 |  | $ | 188,299 |  | $ | (21,998) |
Schedule of Investments Classified by Contractual Maturity Date | The scheduled maturities of securities available-for-sale are summarized as follows. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay debt obligations with or without prepayment penalties. Mortgage-backed securities, collateralized mortgage obligations and collateralized loan obligations are classified in the table below based on their contractual maturity date; however, regular principal payments and prepayments of principal are received on a monthly basis.
| June 30, 2025
| Amortized Cost | Fair Value
(Dollars in thousands) |  |
Due in One Year or Less | $ | 120 |  | $ | 120 |
Due after One Year through Five Years | 673 |  | 666 |
Due after Five Years through Ten Years | 52,894 |  | 50,441 |
Due after Ten Years | 230,785 |  | 215,054 |
Total | $ | 284,472 |  | $ | 266,281 |
Schedule of Realized Gain (Loss) | The following table presents the loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. All losses presented in the table below are reported in Net Loss on Securities on the Consolidated Statements of Income.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 | 2024 |  | 2025 | 2024
(Dollars in thousands) |  |  |  |  |
Equity Securities |  |  |  |  |
Net Unrealized Loss Recognized on Securities Held | $ | — |  | $ | (31) |  |  | $ | (56) |  | $ | (197) |
Net Realized Loss Recognized on Securities Sold | — |  | — |  |  | (13) |  | — |
Net Loss on Equity Securities | $ | — |  | $ | (31) |  |  | $ | (69) |  | $ | (197) |
Net Loss on Securities | $ | — |  | $ | (31) |  |  | $ | (69) |  | $ | (197) |

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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + Details
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- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
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