MARKETABLE SECURITIES (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities

The following tables summarize the amortized cost and fair value of available for sale and held to maturity securities as of March 31, 2025 and December 31, 2024 and the corresponding amounts of gross unrealized gains and losses:

March 31, 2025	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Available for sale:
Treasury securities	$	44,266	$	—	$	175	$	44,091
Corporate bonds		22,285		—		1,362		20,923
Municipal securities		2,317		48		—		2,365
Mortgage-backed securities		288,123		1,656		13,639		276,140
Collateralized mortgage obligations		20,357		85		1,314		19,128
Total available for sale	$	377,348	$	1,789	$	16,490	$	362,647
Held to maturity:
U.S. government agencies	$	9,489	$	—	$	775	$	8,714
Treasury securities		19,955		—		67		19,888
Municipal securities		136,134		161		6,625		129,670
Mortgage-backed securities		106,920		—		13,854		93,066
Collateralized mortgage obligations		32,655		—		5,824		26,831
Total held to maturity	$	305,153	$	161	$	27,145	$	278,169

December 31, 2024	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Available for sale:
Treasury securities	$	44,015	$	—	$	340	$	43,675
Corporate bonds		27,805		—		1,822		25,983
Municipal securities		2,318		75		—		2,393
Mortgage-backed securities		265,369		487		17,122		248,734
Collateralized mortgage obligations		21,554		33		2,068		19,519
Total available for sale	$	361,061	$	595	$	21,352	$	340,304
Held to maturity:
U.S. government agencies	$	9,449	$	—	$	948	$	8,501
Treasury securities		29,871		—		165		29,706
Municipal securities		152,626		289		7,020		145,895
Mortgage-backed securities		109,281		—		16,015		93,266
Collateralized mortgage obligations		33,505		—		7,628		25,877
Total held to maturity	$	334,732	$	289	$	31,776	$	303,245

Schedule of Securities with Gross Unrealized Losses

Information pertaining to securities with gross unrealized losses as of March 31, 2025 and December 31, 2024, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables:

	Less Than 12 Months					12 Months or Longer					Total
March 31, 2025	Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value
Available for sale:
Treasury securities	$	(175	)	$	44,091	$	—		$	—	$	(175	)	$	44,091
Corporate bonds		—			—		(1,362	)		20,923		(1,362	)		20,923
Mortgage-backed securities		(553	)		57,006		(13,086	)		100,731		(13,639	)		157,737
Collateralized mortgage obligations		—			—		(1,314	)		10,457		(1,314	)		10,457
Total available for sale	$	(728	)	$	101,097	$	(15,762	)	$	132,111	$	(16,490	)	$	233,208

	Less Than 12 Months					12 Months or Longer					Total
December 31, 2024	Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value
Available for sale:
Treasury securities	$	(340	)	$	43,675	$	—		$	—	$	(340	)	$	43,675
Corporate bonds		—			—		(1,822	)		25,983		(1,822	)		25,983
Mortgage-backed securities		(1,689	)		99,924		(15,433	)		101,274		(17,122	)		201,198
Collateralized mortgage obligations		(385	)		6,538		(1,683	)		10,884		(2,068	)		17,422
Total available for sale	$	(2,414	)	$	150,137	$	(18,938	)	$	138,141	$	(21,352	)	$	288,278

Investments Classified by Contractual Maturity Date

The contractual maturities at March 31, 2025 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. The Company invests in securities that may have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

	Available for Sale				Held to Maturity
March 31, 2025	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Due within one year	$	36,285	$	36,122	$	24,434	$	24,359
Due after one year through five years		9,998		9,948		40,061		38,550
Due after five years through ten years		22,585		21,309		73,879		70,716
Due after ten years		—		—		27,204		24,647
Mortgage-backed securities		288,123		276,140		106,920		93,066
Collateralized mortgage obligations		20,357		19,128		32,655		26,831
Total securities	$	377,348	$	362,647	$	305,153	$	278,169