Investment Securities (Tables)

6 Months Ended

Jun. 30, 2025

Investment Securities

Investment securities available for sale

(Dollars in thousands)
	June 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	7,984		-		504		7,480
U.S. Government sponsored enterprises		5,972		-		420		5,552
GSE - Mortgage-backed securities		228,692		149		18,368		210,473
Private label mortgage-backed securities		41,145		66		905		40,306
State and political subdivisions		129,530		-		21,727		107,803
Total	$	413,323		215		41,924		371,614

(Dollars in thousands)
	December 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	7,981		-		724		7,257
U.S. Government sponsored enterprises		9,243		-		511		8,732
GSE - Mortgage-backed securities		248,837		162		23,207		225,792
Private label mortgage-backed securities		43,118		74		1,425		41,767
State and political subdivisions		129,659		-		25,204		104,455
Total	$	438,838		236		51,071		388,003

Unrealized losses on investments in debt securities

(Dollars in thousands)
	June 30, 2025
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasuries	$	-		-		7,480		504		7,480		504
U.S. government sponsored enterprises		-		-		5,552		420		5,552		420
GSE -Mortgage-backed securities		15,707		308		190,059		18,060		205,766		18,368
Private label mortgage-backed securities		11,756		30		25,251		875		37,007		905
State and political subdivisions		-		-		107,803		21,727		107,803		21,727
Total	$	27,463		338		336,145		41,586		363,608		41,924

(Dollars in thousands)
	December 31, 2024
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasuries	$	-		-		7,257		724		7,257		724
U.S. government sponsored enterprises		-		-		8,732		511		8,732		511
GSE -Mortgage-backed securities		20,458		669		197,497		22,538		217,955		23,207
Private label mortgage-backed securities		4,010		9		21,727		1,416		25,737		1,425
State and political subdivisions		-		-		104,455		25,204		104,455		25,204
Total	$	24,468		678		339,668		50,393		364,136		51,071

Amortized cost and estimated fair value of investment securities available for sale

June 30, 2025
(Dollars in thousands)
	Amortized Cost		Fair Value
Due within one year	$	4,987		4,980
Due from one to five years		38,012		35,112
Due from five to ten years		73,590		61,134
Due after ten years		68,042		59,915
Mortgage-backed securities		228,692		210,473
Total	$	413,323		371,614