XML 36 R25.htm IDEA: XBRL DOCUMENT v3.26.1
SECURITIES (Tables)
3 Months Ended
Mar. 31, 2026
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

Basis

Fair

March 31, 2026:

Cost

Gains

Losses

Adjustment

Value

U.S. Treasury securities

$

7,948

$

$

(412)

$

$

7,536

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

 

 

 

 

Mortgage-backed

181,649

667

(10,570)

594

172,340

Other

 

2,794

 

30

 

(14)

 

 

2,810

Other mortgage backed securities

 

35,497

 

51

 

(1,229)

 

 

34,319

Obligations of state and political subdivisions

 

82,570

 

30

 

(9,060)

 

675

 

74,215

Asset-backed securities

 

60,771

 

151

 

(442)

 

 

60,480

Corporate debt securities

 

37,181

 

467

 

(2,484)

 

 

35,164

Total

$

408,410

$

1,396

$

(24,211)

$

1,269

$

386,864

Debt Securities Available-for-Sale

(Dollars in thousands)

  ​ ​ ​

  ​ ​ ​

Gross

  ​ ​ ​

Gross

  ​ ​ ​

Amortized

Unrealized

Unrealized

Basis

Fair

December 31, 2025:

Cost

Gains

Losses

Adjustment

Value

U.S. Treasury securities

$

7,941

$

$

(405)

$

$

7,536

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

 

 

 

 

Mortgage-backed

185,140

919

(10,748)

940

176,251

Other

 

3,271

 

40

 

(17)

 

 

3,294

Other mortgage backed securities

 

37,572

 

45

 

(1,186)

 

 

36,431

Obligations of state and political subdivisions

 

82,919

 

30

 

(9,017)

 

993

 

74,925

Asset-backed securities

 

63,644

 

211

 

(362)

 

 

63,493

Corporate debt securities

 

34,418

 

383

 

(2,505)

 

 

32,296

Total

$

414,905

$

1,628

$

(24,240)

$

1,933

$

394,226

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

March 31, 2026

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

$

$

$

4,014

$

4,395

$

$

Fair value

 

 

 

4,002

 

4,388

 

 

1 - 5 Years:

 

Amortized cost

 

7,948

 

7,766

 

104

 

7,168

 

591

 

7,706

Fair value

 

7,536

 

7,770

 

104

 

6,955

 

592

 

7,684

5 - 10 Years:

 

Amortized cost

 

 

748

 

698

 

32,834

 

703

 

24,251

Fair value

 

 

747

 

705

 

29,320

 

700

 

23,823

After 10 Years:

 

Amortized cost

 

 

175,929

 

30,681

 

38,173

 

59,477

 

5,224

Fair value

 

 

166,633

 

29,508

 

33,552

 

59,188

 

3,657

Total:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Amortized cost

$

7,948

$

184,443

$

35,497

$

82,570

$

60,771

$

37,181

Fair value

 

7,536

 

175,150

 

34,319

 

74,215

 

60,480

 

35,164

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

 

March 31, 2026:

Value

 

Issuer

Sallie Mae Bank

$

22,595

Velocity Commercial Capital

18,355

Nelnet Student Loan Trust

 

12,663

(Dollars in thousands)

  ​ ​ ​

Fair

December 31, 2025:

Value

Issuer

Sallie Mae Bank

$

23,354

Velocity Commercial Capital

19,551

Nelnet Student Loan Trust

 

13,169

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

March 31, 2026

(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

$

$

$

7,536

$

(412)

$

7,536

$

(412)

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage-backed

13,192

(17)

70,916

(10,553)

84,108

(10,570)

Other

 

1,067

(14)

 

1,067

 

(14)

Other mortgage-backed debt securities

 

25,731

(1,229)

 

25,731

 

(1,229)

Obligations of state and political subdivisions

 

70,857

(9,060)

 

70,857

 

(9,060)

Asset-backed securities

 

15,156

(65)

22,854

(377)

 

38,010

 

(442)

Corporate debt securities

 

22,470

(2,484)

 

22,470

 

(2,484)

Total

$

28,348

$

(82)

$

221,431

$

(24,129)

$

249,779

$

(24,211)

December 31, 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

$

$

$

7,536

$

(405)

$

7,536

$

(405)

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage-backed

80,318

(10,748)

80,318

(10,748)

Other

 

1,223

(17)

 

1,223

 

(17)

Other mortgage-backed debt securities

 

2,428

(42)

27,130

(1,144)

 

29,558

 

(1,186)

Obligations of state and political subdivisions

 

71,413

(9,017)

 

71,413

 

(9,017)

Asset-backed securities

 

14,527

(36)

18,971

(326)

 

33,498

 

(362)

Corporate debt securities

 

500

(1)

24,197

(2,504)

 

24,697

 

(2,505)

Total

$

17,455

$

(79)

$

230,788

$

(24,161)

$

248,243

$

(24,240)

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

(Dollars in thousands)

Three months ended

Three months ended

  ​ ​ ​

March 31, 2026

  ​ ​ ​

March 31, 2025

  ​ ​ ​

Net gains (losses) from market value fluctuations recognized during the period on equity securities

$

174

$

(86)

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

$

174

$

(86)