SECURITIES (Tables)

9 Months Ended

Sep. 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
September 30, 2025:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,933	$	—	$	(468)	$	7,465
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		189,142		990		(11,179)		178,953
Other		3,555		40		(22)		3,573
Other mortgage backed securities		39,346		62		(1,235)		38,173
Obligations of state and political subdivisions		84,581		31		(9,093)		75,519
Asset-backed securities		66,159		220		(393)		65,986
Corporate debt securities		40,651		350		(2,900)		38,101
Total	$	431,367	$	1,693	$	(25,290)	$	407,770

	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

			September 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	$	—		$	—	$	—	$	5,857	$	—	$	—
Fair value		—			—		—		5,841		—		—
1 - 5 Years:
Amortized cost		7,933			6,479		4,365		5,395		1,556		5,246
Fair value		7,465			6,448		4,351		5,258		1,557		5,201
5 - 10 Years:
Amortized cost		—			2,931		835		34,311		—		30,181
Fair value		—			2,964		845		30,630		—		29,034
After 10 Years:
Amortized cost		—			183,287		34,146		39,018		64,603		5,224
Fair value		—			173,114		32,977		33,790		64,429		3,866
Total:
Amortized cost	$	7,933		$	192,697	$	39,346	$	84,581	$	66,159	$	40,651
Fair value		7,465			182,526		38,173		75,519		65,986		38,101

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
September 30, 2025:	Value
Issuer
Sallie Mae Bank	$	24,044
Velocity Commercial Capital		20,249
Nelnet Student Loan Trust		13,628

(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

September 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	$	—	$	—	$	7,465	$	(468)	$	7,465	$	(468)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		14,815		(20)		82,542		(11,159)		97,357		(11,179)
Other		—		—		1,339		(22)		1,339		(22)
Other mortgage-backed debt securities		6,503		(33)		24,451		(1,202)		30,954		(1,235)
Obligations of state and political subdivisions		—		—		72,202		(9,093)		72,202		(9,093)
Asset-backed securities		20,534		(64)		15,475		(329)		36,009		(393)
Corporate debt securities		—		—		28,799		(2,900)		28,799		(2,900)
Total	$	41,852	$	(117)	$	232,273	$	(25,173)	$	274,125	$	(25,290)

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
	September 30, 2025		September 30, 2024
Net gains (losses) from market value fluctuations recognized during the period on equity securities	$	109	$	146
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	$	109	$	146

(Dollars in thousands)	Nine months ended		Nine months ended
	September 30, 2025		September 30, 2024
Net gains (losses) from market value fluctuations recognized during the period on equity securities	$	128	$	(48)
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	$	128	$	(48)