XML 52 R36.htm IDEA: XBRL DOCUMENT v3.25.4
INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity
The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity, along with gross unrealized gains and losses are summarized as follows:

(dollars in thousands)
December 31, 2025
 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Available-for-Sale:    
U.S. treasury securities$5,570 $12 $— $5,582 
U.S. agency securities3,304 — (108)3,196 
Asset backed securities14,622 (145)14,483 
State, county & municipal securities118,204 58 (11,032)107,230 
Corporate debt securities52,660 336 (4,189)48,807 
Mortgage-backed securities218,035 525 (14,041)204,519 
Total$412,395 $937 $(29,515)$383,817 
December 31, 2025 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Held-to-Maturity:
U.S. treasury securities$65,408 $— $(958)$64,450 
U.S. agency securities8,991 — (682)8,309 
State, county & municipal securities137,591 76 (11,675)125,992 
Mortgage-backed securities174,628 — (19,089)155,539 
Total$386,618 $76 $(32,404)$354,290 
December 31, 2024
 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Available-for-Sale:    
U.S. treasury securities$3,173 $— $— $3,173 
U.S. agency securities3,001 — (246)2,755 
Asset backed securities17,925 17 (118)17,824 
State, county & municipal securities110,952 — (15,315)95,637 
Corporate debt securities53,324 (5,543)47,782 
Mortgage-backed securities221,005 207 (22,334)198,878 
Total$409,380 $225 $(43,556)$366,049 
December 31, 2024 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Held-to-Maturity:
U.S. treasury securities$91,004 $— $(2,828)$88,176 
U.S. agency securities16,151 — (1,263)14,888 
State, county & municipal securities137,190 — (15,915)121,275 
Mortgage-backed securities185,732 — (27,051)158,681 
Total$430,077 $— $(47,057)$383,020 
Schedule Of Securities in a Continuous Loss Position
Information pertaining to available-for-sale securities with gross unrealized losses at December 31, 2025 and December 31, 2024 aggregated by investment category and length of time that securities have been in a continuous unrealized loss position are summarized as follows:
 Less Than 12 Months12 Months or MoreTotal
(dollars in thousands)Estimated
Fair
Value
 
Unrealized
Losses
Estimated
Fair
Value
 
Unrealized
Losses
Estimated
Fair
Value
 
Unrealized
Losses
December 31, 2025      
U.S. treasury securities$— $— $— $— $— $— 
U.S. agency securities1,182 (2)2,014 (106)3,196 (108)
Asset backed securities5,001 (8)8,265 (137)13,266 (145)
State, county & municipal securities5,219 (545)94,080 (10,487)99,299 (11,032)
Corporate debt securities3,955 (45)34,550 (4,144)38,505 (4,189)
Mortgage-backed securities27,089 (134)125,920 (13,907)153,009 (14,041)
Total debt securities$42,446 $(734)$264,829 $(28,781)$307,275 $(29,515)
December 31, 2024
U.S. agency securities— — 2,755 (246)2,755 (246)
Asset backed securities3,715 (8)8,269 (110)11,984 $(118)
State, county & municipal securities2,829 (294)92,808 (15,021)95,637 $(15,315)
Corporate debt securities4,434 (720)42,847 (4,823)47,281 (5,543)
Mortgage-backed securities21,278 (430)160,343 (21,904)181,621 (22,334)
Total debt securities$32,256 $(1,452)$307,022 $(42,104)$339,278 $(43,556)
 
Information pertaining to held-to-maturity securities with gross unrealized losses at December 31, 2025 and December 31, 2024 aggregated by investment category and length of time that individual securities have been in a continuous loss position is summarized as follows:

Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
December 31, 2025
U.S. treasury securities$— $— $64,450 $(958)$64,450 $(958)
U.S. agency securities— — 8,309 (682)8,309 (682)
State, county & municipal securities441 (3)116,706 (11,672)117,147 (11,675)
Mortgage-backed securities— — 155,539 (19,089)155,539 (19,089)
$441 $(3)$345,004 $(32,401)$345,445 $(32,404)
December 31, 2024
U.S. treasury securities$— $— $88,176 $(2,828)$88,176 $(2,828)
U.S. agency securities— — 14,888 (1,263)14,888 (1,263)
State, county & municipal securities18,751 (374)102,524 (15,541)121,275 (15,915)
Mortgage-backed securities— — 158,681 (27,051)158,681 (27,051)
$18,751 $(374)$364,269 $(46,683)$383,020 $(47,057)
Schedule of Mortgage-Backed Securities This is often the case with mortgage-backed securities, which are disclosed separately in the table below.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$8,923 $8,742 $11,927 $11,918 
Due after one year through five years36,863 35,478 64,760 63,478 
Due after five years through ten years93,910 84,793 73,744 68,405 
Due after ten years54,664 50,285 61,559 54,950 
$194,360 $179,298 $211,990 $198,751 
Mortgage-backed securities218,035 204,519 174,628 155,539 
$412,395 $383,817 $386,618 $354,290