SECURITIES (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2026:	Cost		Gains		Losses		Adjustment		Value
U.S. Treasury securities	$	7,955	$	—	$	(407)	$	—	$	7,548
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		177,545		801		(10,756)		(33)		167,557
Other		2,457		24		(14)		—		2,467
Other mortgage backed securities		33,338		53		(1,411)		—		31,980
Obligations of state and political subdivisions		80,137		27		(7,805)		297		72,656
Asset-backed securities		57,459		222		(323)		—		57,358
Corporate debt securities		31,195		486		(2,163)		—		29,518
Total	$	390,086	$	1,613	$	(22,879)	$	264	$	369,084

	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

			June 30, 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	$	—		$	—	$	4,012	$	3,826	$	—	$	—
Fair value		—			—		4,000		3,812		—		—
1 - 5 Years:
Amortized cost		7,955			7,407		—		5,497		293		7,039
Fair value		7,548			7,406		—		5,271		294		7,162
5 - 10 Years:
Amortized cost		—			712		—		34,040		666		18,932
Fair value		—			710		—		30,323		665		18,699
After 10 Years:
Amortized cost		—			171,883		29,326		36,774		56,500		5,224
Fair value		—			161,908		27,980		33,250		56,399		3,657
Total:
Amortized cost	$	7,955		$	180,002	$	33,338	$	80,137	$	57,459	$	31,195
Fair value		7,548			170,024		31,980		72,656		57,358		29,518

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, 2026:	Value
Issuer
Sallie Mae Bank	$	21,853
Velocity Commercial Capital		17,379
Nelnet Student Loan Trust		12,231

(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

June 30, 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	$	—	$	—	$	7,548	$	(407)	$	7,548	$	(407)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		15,572		(98)		68,877		(10,658)		84,449		(10,756)
Other		—		—		898		(14)		898		(14)
Other mortgage-backed debt securities		—		—		24,458		(1,411)		24,458		(1,411)
Obligations of state and political subdivisions		—		—		70,195		(7,805)		70,195		(7,805)
Asset-backed securities		12,041		(42)		15,881		(281)		27,922		(323)
Corporate debt securities		—		—		17,293		(2,163)		17,293		(2,163)
Total	$	27,613	$	(140)	$	205,150	$	(22,739)	$	232,763	$	(22,879)

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
	June 30, 2026		June 30, 2025
Net gains (losses) from market value fluctuations recognized during the period on equity securities	$	374	$	105
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	$	374	$	105

(Dollars in thousands)	Six months ended		Six months ended
	June 30, 2026		June 30, 2025
Net gains (losses) from market value fluctuations recognized during the period on equity securities	$	548	$	19
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	$	548	$	19