SECURITIES (Tables)

6 Months Ended

Jun. 30, 2025

SECURITIES

Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
June 30, 2025:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,926	$	—	$	(531)	$	7,395
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		144,693		155		(12,300)		132,548
Other		3,948		54		(22)		3,980
Other mortgage backed securities		41,629		69		(1,505)		40,193
Obligations of state and political subdivisions		88,955		36		(10,703)		78,288
Asset-backed securities		69,000		108		(625)		68,483
Corporate debt securities		40,638		214		(3,398)		37,454
Total	$	396,789	$	636	$	(29,084)	$	368,341

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2024:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,911	$	—	$	(760)	$	7,151
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		150,999		170		(14,461)		136,708
Other		5,080		78		(36)		5,122
Other mortgage backed securities		48,336		65		(2,128)		46,273
Obligations of state and political subdivisions		93,809		19		(10,343)		83,485
Asset-backed securities		74,006		263		(402)		73,867
Corporate debt securities		41,139		204		(3,661)		37,682
Total	$	421,280	$	799	$	(31,791)	$	390,288

Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity

			June 30, 2025
			Debt Securities Available-For-Sale
(Dollars in thousands)				U.S. Government		Other		Obligations
				Agency &		Mortgage		of State		Asset		Corporate
	U.S. Treasury			Sponsored Agency		Backed Debt		& Political		Backed		Debt
	Securities			Obligations1		Securities1		Subdivisions		Securities		Securities
Within 1 Year:
Amortized cost	$	—		$	—	$	—	$	7,205	$	—	$	—
Fair value		—			—		—		7,183		—		—
1 - 5 Years:
Amortized cost		7,926			6,638		4,521		7,724		—		2,246
Fair value		7,395			6,606		4,504		7,606		—		2,196
5 - 10 Years:
Amortized cost		—			2,434		924		33,073		2,079		33,168
Fair value		—			2,484		937		29,104		2,078		31,236
After 10 Years:
Amortized cost		—			139,569		36,184		40,953		66,921		5,224
Fair value		—			127,438		34,752		34,395		66,405		4,022
Total:
Amortized cost	$	7,926		$	148,641	$	41,629	$	88,955	$	69,000	$	40,638
Fair value		7,395			136,528		40,193		78,288		68,483		37,454

¹ Mortgage-backed securities are allocated for maturity reporting at their original maturity date.

Schedule of holdings of securities from issuers in excess of ten percent of consolidated stockholders equity

(Dollars in thousands)
	Fair
June 30, 2025:	Value
Issuer
Sallie Mae Bank	$	24,563
Velocity Commercial Capital		21,355
Nelnet Student Loan Trust		13,985

(Dollars in thousands)
	Fair
December 31, 2024:	Value
Issuer
Sallie Mae Bank	$	26,187
Velocity Commercial Capital		23,334
Nelnet Student Loan Trust		15,008
Navient Student Loan Trust		10,726

Schedule of the gross unrealized losses and fair value of the Company's debt securities, aggregated by investment category

June 30, 2025

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	7,395	$	(531)	$	7,395	$	(531)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		35,692		(168)		83,973		(12,132)		119,665		(12,300)
Other		—		—		1,479		(22)		1,479		(22)
Other mortgage-backed debt securities		6,592		(20)		25,473		(1,485)		32,065		(1,505)
Obligations of state and political subdivisions		—		—		70,790		(10,703)		70,790		(10,703)
Asset-backed securities		28,974		(251)		14,555		(374)		43,529		(625)
Corporate debt securities		—		—		30,044		(3,398)		30,044		(3,398)
Total	$	71,258	$	(439)	$	233,709	$	(28,645)	$	304,967	$	(29,084)

December 31, 2024

(Dollars in thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Available-for-Sale:	Value		Loss		Value		Loss		Value		Loss
U.S. Treasury securities	$	—	$	—	$	7,151	$	(760)	$	7,151	$	(760)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		20,726		(570)		81,217		(13,891)		101,943		(14,461)
Other		—		—		1,927		(36)		1,927		(36)
Other mortgage-backed debt securities		21,700		(560)		19,001		(1,568)		40,701		(2,128)
Obligations of state and political subdivisions		243		(7)		79,684		(10,336)		79,927		(10,343)
Asset-backed securities		7,791		(33)		16,280		(369)		24,071		(402)
Corporate debt securities		7,209		(1,178)		25,594		(2,483)		32,803		(3,661)
Total	$	57,669	$	(2,348)	$	230,854	$	(29,443)	$	288,523	$	(31,791)

Schedule of realized gains and losses recognized in net income on equity securities

(Dollars in thousands)	Three months ended		Three months ended
	June 30, 2025		June 30, 2024
Net gains (losses) from market value fluctuations recognized during the period on equity securities	$	105	$	(10)
Less: Net gains recognized during the period on equity securities sold during the period		—		—
Net gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$	105	$	(10)

(Dollars in thousands)	Six months ended		Six months ended
	June 30, 2025		June 30, 2024
Net gains (losses) from market value fluctuations recognized during the period on equity securities	$	19	$	(194)
Less: Net gains recognized during the period on equity securities sold during the period		—		—
Net gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$	19	$	(194)