XML 40 R29.htm IDEA: XBRL DOCUMENT v3.26.1
Securities & Allowance for Securities Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Marketable Securities
The following tables summarize the amortized cost, gross unrealized gains and losses, fair value and allowance for credit losses of AFS and HTM debt securities at December 31, 2025 and December 31, 2024 (dollars in thousands):
December 31, 2025
Amortized
Cost		Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value		Allowance
for Credit
Losses
Securities available for sale:
U.S. government and federal agencies$438,351 $805 $(833)$438,323 $— 
Mortgage-backed securities5,670 1 (344)5,327 — 
Corporate bonds62,796 283 (171)62,908 — 
State and municipal securities104,082 191 (2,027)102,246 — 
Total securities available for sale$610,899 $1,280 $(3,375)$608,804 $— 
Securities held to maturity:
U.S. government and federal agencies$96,440 $2 $(4,887)$91,555 $— 
Mortgage-backed securities1,150 — (3)1,147 — 
Corporate bonds43,891 65 (429)43,527 (99)
State and municipal securities115,157 11 (6,121)109,047 (29)
Total securities held to maturity$256,638 $78 $(11,440)$245,276 $(128)
Total securities$867,537 $1,358 $(14,815)$854,080 $(128)
December 31, 2024
Amortized
Cost		Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value		Allowance
for Credit
Losses
Securities available for sale:
U.S. government and federal agencies$207,935 $29 $(1,561)$206,403 $— 
Mortgage-backed securities7,976 1 (582)7,395 — 
Corporate bonds44,707 20 (753)43,974 — 
State and municipal securities104,705 37 (4,185)100,557 — 
Total securities available for sale$365,323 $87 $(7,081)$358,329 $— 
Securities held to maturity:
U.S. government and federal agencies$122,452 $— $(9,181)$113,271 $— 
Mortgage-backed securities1,168 — (51)1,117 — 
Corporate bonds57,470 43 (1,698)55,815 (171)
State and municipal securities119,563 5 (10,820)108,748 (31)
Total securities held to maturity$300,653 $48 $(21,750)$278,951 $(202)
Total securities$665,976 $135 $(28,831)$637,280 $(202)
Schedule of Proceeds, Realized Gain and Loss
The proceeds, gross realized gains and losses from sales of debt securities during the twelve months ended December 31, 2024 were as follows (dollars in thousands):
Twelve Months Ended
December 31, 2024
Available for SaleHeld to Maturity
Proceeds from sales of securities$458 $953 
Gross losses(16)(65)
Net losses on sale of a securities$(16)$(65)
Income tax benefit attributable to realized net losses on sale of securities$3 $14 
Schedule of Amortized Cost and Fair Value of Investment Securities
The amortized cost and fair value of debt securities by contractual maturity at December 31, 2025 is as follows (dollars in thousands):
Available for SaleHeld to Maturity
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Within one year$331,934 $332,360 $61,731 $61,226 
After one year through five years260,349 259,001 144,317 138,031 
After five years through ten years13,904 13,067 46,934 42,808 
Over ten years4,712 4,376 3,656 3,211 
Total$610,899 $608,804 $256,638 $245,276 
Schedule of Available-for-sale in Continuous Unrealized Loss Position
The following table shows the gross unrealized losses and fair values of the Company’s AFS debt securities with unrealized losses aggregated by investment category and length of time that individual debt securities have been in a continuous unrealized loss position at December 31, 2025 and December 31, 2024 (dollars in thousands):
December 31, 2025
Less Than Twelve
Months		Over Twelve MonthsTotal
Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
Securities available for sale:
U.S. government and federal agencies$(6)$10,108 $(827)$14,599 $(833)$24,707 
Mortgage-backed securities— — (344)5,283 (344)5,283 
Corporate bonds(25)9,501 (146)8,646 (171)18,147 
State and municipal securities(18)9,491 (2,009)54,317 (2,027)63,808 
Total securities available for sale$(49)$29,100 $(3,326)$82,845 $(3,375)$111,945 
December 31, 2024
Less Than Twelve
Months		Over Twelve MonthsTotal
Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value		Gross
Unrealized
Loss		Fair
Value
Securities available for sale:
U.S. government and federal agencies$(29)$141,169 $(1,532)$22,348 $(1,561)$163,517 
Mortgage-backed securities— 26 (582)7,338 (582)7,364 
Corporate bonds(90)6,365 (663)30,677 (753)37,042 
State and municipal securities(77)9,121 (4,108)79,790 (4,185)88,911 
Total securities available for sale$(196)$156,681 $(6,885)$140,153 $(7,081)$296,834 
Schedule of Debt Securities, Available-for-Sale, Allowance for Credit Loss
The table below presents a roll forward by major security type of the allowance for credit losses on AFS debt securities for the twelve months ended December 31, 2024 (dollars in thousands):
December 31, 2024
U.S.
Government
and Federal
Agencies		Mortgage
Backed
Securities		Corporate
Bonds		State and
Municipal
Securities		Total AFS
Securities
Allowance for credit losses:
Beginning balance, December 31, 2023$— $— $— $— $— 
Provision for credit losses— — (210)— (210)
Write offs charged against the allowance— — — — — 
Recoveries of amounts previously written off— — 210 — 210 
Ending balance, December 31, 2024$— $— $— $— $— 
Schedule of Debt Securities, Held-to-Maturity, Credit Quality Indicator
The following table presents the amortized cost of HTM debt securities as of December 31, 2025 and December 31, 2024 by security type and credit rating (dollars in thousands):
December 31, 2025
U.S.
Government
and Federal
Agencies		Mortgage
Backed
Securities		Corporate
Bonds		State and
Municipal
Securities		Total HTM
Securities
AAA / AA / A$96,440 $1,150 $14,025 $115,157 $226,772 
BBB / BB / B— — 29,866 — 29,866 
Total$96,440 $1,150 $43,891 $115,157 $256,638 
December 31, 2024
U.S.
Government
and Federal
Agencies		Mortgage
Backed
Securities		Corporate
Bonds		State and
Municipal
Securities		Total HTM
Securities
AAA / AA / A$122,452 $1,168 $18,046 $119,563 $261,229 
BBB / BB / B— — 39,424 — 39,424 
Total$122,452 $1,168 $57,470 $119,563 $300,653 
Schedule of Amortized Cost of HTM Debt Securities
The following tables summarize the change in the allowance for credit losses on HTM debt securities for the twelve months ended December 31, 2025 and 2024 (dollars in thousands):
December 31, 2025
U.S.
Government
and Federal
Agencies		Mortgage
Backed
Securities		Corporate
Bonds		State and
Municipal
Securities		Total HTM
Securities
Allowance for credit losses:
Beginning balance, December 31, 2024$— $— $171 $31 $202 
Recapture of credit losses— — (72)(2)(74)
Write offs charged against the allowance— — — — — 
Recoveries of amounts previously written off— — — — — 
Ending balance, December 31, 2025$— $— $99 $29 $128 
December 31, 2024
U.S.
Government
and Federal
Agencies		Mortgage
Backed
Securities		Corporate
Bonds		State and
Municipal
Securities		Total HTM
Securities
Allowance for credit losses:
Beginning balance, December 31, 2023$— $— $322 $26 $348 
Provision for (recapture of) credit losses— — (151)5 (146)
Write offs charged against the allowance— — — — — 
Recoveries of amounts previously written off— — — — — 
Ending balance, December 31, 2024$— $— $171 $31 $202