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v3.26.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract] |
Schedule of Marketable Securities | The amortized cost and approximate fair values, together with gross unrealized gains and losses, of investment securities are as follows:
| March 31, 2026
Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available for sale |  |  |  |  |  |  |
SBA Pools | $ | 3,320 |  |  | $ | — |  |  | $ | (372) |  |  | $ | 2,948 |
Federal agencies | 15,000 |  |  | — |  |  | (956) |  |  | 14,044 |
State and municipal obligations | 155,681 |  |  | 142 |  |  | (28,090) |  |  | 127,733 |
Mortgage-backed securities - government-sponsored enterprises (GSE) residential | 106,885 |  |  | 48 |  |  | (16,004) |  |  | 90,929 |
Corporate obligations | 11,500 |  |  | — |  |  | (1,635) |  |  | 9,865 |
| 292,386 |  |  | 190 |  |  | (47,057) |  |  | 245,519 |
Held to maturity |  |  |  |  |  |  |
State and municipal obligations | 2,353 |  |  | 7 |  |  | (58) |  |  | 2,302 |
| 2,353 |  |  | 7 |  |  | (58) |  |  | 2,302 |
Total investment securities | $ | 294,739 |  |  | $ | 197 |  |  | $ | (47,115) |  |  | $ | 247,821 |
| December 31, 2025
Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available for sale |  |  |  |  |  |  |
SBA Pools | $ | 3,473 |  |  | $ | — |  |  | $ | (349) |  |  | $ | 3,124 |
Federal agencies | 15,000 |  |  | — |  |  | (939) |  |  | 14,061 |
State and municipal obligations | 157,102 |  |  | 160 |  |  | (25,444) |  |  | 131,818 |
Mortgage-backed securities - government-sponsored enterprises (GSE) residential | 108,586 |  |  | 93 |  |  | (15,574) |  |  | 93,105 |
Corporate obligations | 11,500 |  |  | — |  |  | (1,693) |  |  | 9,807 |
| 295,661 |  |  | 253 |  |  | (43,999) |  |  | 251,915 |
Held to maturity |  |  |  |  |  |  |
State and municipal obligations | 2,748 |  |  | 7 |  |  | (38) |  |  | 2,717 |
| 2,748 |  |  | 7 |  |  | (38) |  |  | 2,717 |
Total investment securities | $ | 298,409 |  |  | $ | 260 |  |  | $ | (44,037) |  |  | $ | 254,632 |
Schedule of Investments Classified by Contractual Maturity Date | The amortized cost and fair value of investment securities at March 31, 2026, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
| Available for Sale |  | Held to Maturity
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year | $ | 1,143 |  |  | $ | 1,136 |  |  | $ | 365 |  |  | $ | 365 |
One to five years | 23,840 |  |  | 22,851 |  |  | 928 |  |  | 928 |
Five to ten years | 49,238 |  |  | 44,128 |  |  | 450 |  |  | 447 |
After ten years | 111,280 |  |  | 86,475 |  |  | 610 |  |  | 562 |
| 185,501 |  |  | 154,590 |  |  | 2,353 |  |  | 2,302 |
Mortgage-backed securities –GSE residential | 106,885 |  |  | 90,929 |  |  | — |  |  | — |
Totals | $ | 292,386 |  |  | $ | 245,519 |  |  | $ | 2,353 |  |  | $ | 2,302 |
Schedule of Debt Securities, Held-to-Maturity, Credit Quality Indicator | The following table summarizes the amortized cost of held to maturity securities by credit quality indicator as of March 31, 2026 and December 31, 2025:
| State and municipal obligations
| March 31, 2026 |  | December 31, 2025
AA+ | $ | 175 |  |  | $ | 350 |
A+ | 190 |  |  | 375 |
Not rated | 1,988 |  |  | 2,023 |
| $ | 2,353 |  |  | $ | 2,748 |
Schedule of Unrealized Gain (Loss) on Investments | The following tables show the Company’s investment securities by gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2026 and December 31, 2025:
Description of Securities | March 31, 2026
Less Than 12 Months |  | 12 Months or More |  | Total
Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Available for sale |  |  |  |  |  |  |  |  |  |  |
SBA Pools | $ | — |  |  | $ | — |  |  | $ | 2,719 |  |  | $ | (372) |  |  | $ | 2,719 |  |  | $ | (372) |
Federal agencies | — |  |  | — |  |  | 14,044 |  |  | (956) |  |  | 14,044 |  |  | (956) |
State and municipal obligations | 540 |  |  | (10) |  |  | 123,542 |  |  | (28,080) |  |  | 124,082 |  |  | (28,090) |
Mortgage-backed securities - GSE residential | 1,816 |  |  | (32) |  |  | 85,186 |  |  | (15,972) |  |  | 87,002 |  |  | (16,004) |
Corporate obligations | — |  |  | — |  |  | 9,865 |  |  | (1,635) |  |  | 9,865 |  |  | (1,635) |
Total available for sale | 2,356 |  |  | (42) |  |  | 235,356 |  |  | (47,015) |  |  | 237,712 |  |  | (47,057) |
Held to maturity |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations | 277 |  |  | (3) |  |  | 915 |  |  | (55) |  |  | 1,192 |  |  | (58) |
Total | $ | 2,633 |  |  | $ | (45) |  |  | $ | 236,271 |  |  | $ | (47,070) |  |  | $ | 238,904 |  |  | $ | (47,115) |
Description of Securities | December 31, 2025
Less Than 12 Months |  | 12 Months or More |  | Total
Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Available for sale |  |  |  |  |  |  |  |  |  |  |
SBA Pools | $ | 89 |  |  | $ | — |  |  | $ | 2,856 |  |  | $ | (349) |  |  | $ | 2,945 |  |  | $ | (349) |
Federal agencies | — |  |  | — |  |  | 14,061 |  |  | (939) |  |  | 14,061 |  |  | (939) |
State and municipal obligations | — |  |  | — |  |  | 127,699 |  |  | (25,444) |  |  | 127,699 |  |  | (25,444) |
Mortgage-backed securities - GSE residential | 907 |  |  | (4) |  |  | 88,088 |  |  | (15,570) |  |  | 88,995 |  |  | (15,574) |
Corporate obligations | — |  |  | — |  |  | 9,807 |  |  | (1,693) |  |  | 9,807 |  |  | (1,693) |
Total available for sale | 996 |  |  | (4) |  |  | 242,511 |  |  | (43,995) |  |  | 243,507 |  |  | (43,999) |
Held to maturity |  |  |  |  |  |  |  |  |  |  |
State and municipal obligations | — |  |  | — |  |  | 996 |  |  | (38) |  |  | 996 |  |  | (38) |
Total | $ | 996 |  |  | $ | (4) |  |  | $ | 243,507 |  |  | $ | (44,033) |  |  | $ | 244,503 |  |  | $ | (44,037) |

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- Definition Tabular disclosure of credit quality indicator for investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
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