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Securities (Tables) | 9 Months Ended
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Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Debt Securities, Available-for-Sale | The estimated fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:
|  | (Dollars in thousands)
|  | Cost Basis |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
September 30, 2025 |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,884 |  |  | $ | - |  |  | $ | (498) |  |  | $ | 8,386 |
Collateralized mortgage obligations and residential mortgage-backed securities |  | 126,998 |  |  | - |  |  | (20,705) |  |  | 106,293 |
Municipal securities |  | 261,936 |  |  | - |  |  | (43,081) |  |  | 218,855 |
Collateralized debt obligations |  | 2,145 |  |  | - |  |  | (529) |  |  | 1,616 |
Total securities available-for-sale |  | $ | 399,963 |  |  | $ | - |  |  | $ | (64,813) |  |  | $ | 335,150 |
|  | (Dollars in thousands)
|  | Cost Basis |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2024 |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | 8,884 |  |  | $ | - |  |  | $ | (823) |  |  | $ | 8,061 |
Collateralized mortgage obligations and residential mortgage-backed securities |  | 135,974 |  |  | - |  |  | (26,649) |  |  | 109,325 |
Municipal securities |  | 262,954 |  |  | - |  |  | (48,205) |  |  | 214,749 |
Collateralized debt obligations |  | 2,156 |  |  | - |  |  | (737) |  |  | 1,419 |
Total securities available-for-sale |  | $ | 409,968 |  |  | $ | - |  |  | $ | (76,414) |  |  | $ | 333,554 |
Schedule of Investments Classified by Contractual Maturity Date | The cost basis and estimated fair value of available-for-sale debt securities at September 30, 2025, by contractual maturity, were as follows. Securities not due at a single maturity date, primarily collateralized mortgage obligations and residential mortgage-backed securities, are shown separately.
|  | (Dollars in thousands)
|  | Available-for-sale
September 30, 2025 |  | Cost Basis |  | Estimated Fair Value
Due in one year or less |  | $ | - |  |  | $ | - |
Due from one to five years |  | 12,686 |  |  | 11,927 |
Due from five to ten years |  | 51,314 |  |  | 46,151 |
Due over ten years |  | 208,965 |  |  | 170,779 |
Collateralized mortgage obligations and residential mortgage-backed securities |  | 126,998 |  |  | 106,293 |
Total |  | $ | 399,963 |  |  | $ | 335,150 |
Schedule of Realized Gain (Loss) | Sales of available-for-sale securities were as follows for the quarter ended:
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2025 |  | 2024 |  | 2025 |  | 2024
Proceeds | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 14,698 |
Gross gains | - |  |  | - |  |  | - |  |  | - |
Gross losses | - |  |  | - |  |  | - |  |  | (531) |
Schedule of Accumulated Other Comprehensive Income (Loss) | Accumulated other comprehensive income/(loss) balances, net of tax, related to available-for-sale securities, were as follows:
| (Dollars in thousands)
| Unrealized loss
Beginning balance, June 30, 2025 | $ | (57,560) |
Period change | 8,294 |
Ending balance, September 30, 2025 | $ | (49,266) |
| (Dollars in thousands)
| Unrealized loss
Beginning balance, June 30, 2024 | $ | (58,939) |
Current period change | 10,698 |
Ending balance, September 30, 2024 | $ | (48,241) |
| (Dollars in thousands)
| Unrealized loss
Beginning Balance, January 1, 2025 | $ | (58,084) |
Period change | 8,818 |
Ending Balance, September 30, 2025 | $ | (49,266) |
| (Dollars in thousands)
| Unrealized loss
Beginning balance, January 1, 2024 | $ | (51,613) |
Current period change | 3,372 |
Ending balance, September 30, 2024 | $ | (48,241) |
Schedule of Unrealized Gain (Loss) on Investments | Securities with unrealized losses at September 30, 2025, and December 31, 2024 not recognized in income are as follows:
|  |  |  |  |  | (Dollars in thousands) |  |  |  |  |  |
|  | Less than 12 months |  | 12 months or longer |  | Total |  |
|  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Percentage of Total Portfolio in Loss Position
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 8,386 |  |  | $ | (498) |  |  | $ | 8,386 |  |  | $ | (498) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  | - |  |  | - |  |  | 106,293 |  |  | (20,705) |  |  | 106,293 |  |  | (20,705) |  |  | 100.0 | %
Municipal securities |  | - |  |  | - |  |  | 218,855 |  |  | (43,081) |  |  | 218,855 |  |  | (43,081) |  |  | 100.0 | %
Collateralized debt obligations |  | - |  |  | - |  |  | 1,616 |  |  | (529) |  |  | 1,616 |  |  | (529) |  |  | 100.0 | %
Total temporarily impaired |  | $ | - |  |  | $ | - |  |  | $ | 335,150 |  |  | $ | (64,813) |  |  | $ | 335,150 |  |  | $ | (64,813) |  |  | 100.0 | %
Number of securities |  |  |  | - |  |  |  | 411 |  |  |  | 411 |  |
|  |  |  |  |  | (Dollars in thousands) |  |  |  |  |  |
|  | Less than 12 months |  | 12 months or longer |  | Total |  |
|  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Percentage of Total Portfolio in Loss Position
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  | $ | - |  |  | $ | - |  |  | $ | 8,061 |  |  | $ | (823) |  |  | $ | 8,061 |  |  | $ | (823) |  |  | 100.0 | %
Collateralized mortgage obligations and residential mortgage-backed securities |  | - |  |  | - |  |  | 109,325 |  |  | (26,649) |  |  | 109,325 |  |  | (26,649) |  |  | 100.0 | %
Municipal securities |  | 3,310 |  |  | (156) |  |  | 211,439 |  |  | (48,049) |  |  | 214,749 |  |  | (48,205) |  |  | 100.0 | %
Collateralized debt obligations |  | - |  |  | - |  |  | 1,419 |  |  | (737) |  |  | 1,419 |  |  | (737) |  |  | 100.0 | %
Total temporarily impaired |  | $ | 3,310 |  |  | $ | (156) |  |  | $ | 330,244 |  |  | $ | (76,258) |  |  | $ | 333,554 |  |  | $ | (76,414) |  |  | 100.0 | %
Number of securities |  |  |  | 4 |  |  |  | 409 |  |  |  | 413 |  |

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