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Securities (Tables)
 9 Months Ended
Sep. 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:
September 30, 2025
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(Dollars in thousands)
Available-for-Sale Debt Securities:
Obligations of States and Political Subdivisions
$35,253 $862 $— $36,115 
Mortgage-Backed Securities - Government-Sponsored Enterprises
41,450 274 (1)41,723 
Collateralized Mortgage Obligations - Government-Sponsored Enterprises60,886 510 (5,473)55,923 
Collateralized Mortgage Obligations - Non-Agency11,300 — (145)11,155 
Collateralized Loan Obligations107,184 16 (184)107,016 
Corporate Debt20,684 102 (1,054)19,732 
Total Available-for-Sale Debt Securities$276,757 $1,764 $(6,857)$271,664 
Equity Securities:
Mutual Funds
895 
Total Securities$272,559 
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 Enterprises111,076 — (16,119)94,957 
Collateralized Loan Obligations98,741 96 (58)98,779 
Corporate Debt9,479 — (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 Securities2,639 
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:
September 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)
Mortgage Backed Securities- Government-Sponsored Enterprises— $— $— 1 $63 $(1)1 $63 $(1)
Collateralized Mortgage Obligations - Government-Sponsored Enterprises3 15,775 (116)7 19,188 (5,357)10 34,963 (5,473)
Collateralized Mortgage Obligations - Non-Agency3 9,753 (145)— — — 3 9,753 (145)
Collateralized Loan Obligations9 64,663 (169)2 11,557 (15)11 76,220 (184)
Corporate Debt2 3,497 (2)3 8,423 (1,052)5 11,920 (1,054)
Total17 $93,688 $(432)13 $39,231 $(6,425)30 $132,919 $(6,857)
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 Subdivisions2 1,068 (16)5 2,279 (133)7 3,347 (149)
Mortgage Backed Securities- Government-Sponsored Enterprises5 35,232 (222)8 15,131 (3,043)13 50,363 (3,265)
Collateralized Mortgage Obligations - Government-Sponsored Enterprises4 31,208 (662)20 63,749 (15,457)24 94,957 (16,119)
Collateralized Loan Obligations5 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.
September 30, 2025
Amortized
Cost
Fair
Value
(Dollars in thousands)
Due in One Year or Less
$— $— 
Due after One Year through Five Years
64 63 
Due after Five Years through Ten Years
36,580 35,598 
Due after Ten Years
240,113 236,003 
Total
$276,757 $271,664 
Schedule of Realized Gain (Loss)
The following table presents the gain and loss on sales of debt securities, as well as the gain and loss on equity securities from both realized sales and unrealized market adjustments for the periods indicated. All gains and losses presented in the table below are reported in Net (Loss) Gain on Investment Securities on the Consolidated Statements of Income.
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
(Dollars in thousands)
Debt Securities
Gross Realized Gain$423 $— $423 $— 
Gross Realized Loss(12,180)— (12,180)— 
Net Gain on Debt Securities$(11,757)$— $(11,757)$— 
Equity Securities
Net Unrealized Gain (Loss) Recognized on Securities Held
$5 $245 $(51)$49 
Net Realized Loss Recognized on Securities Sold— — (13)— 
Net Gain (Loss) on Equity Securities
$5 $245 $(64)$49 
Net (Loss) Gain on Investment Securities$(11,752)$245 $(11,821)$49