XML 35 R24.htm IDEA: XBRL DOCUMENT v3.26.1
NOTE 2 - INVESTMENT SECURITIES (Tables)
3 Months Ended
Mar. 31, 2026
INVESTMENT SECURITIES  
Schedule of amortized cost and fair value of HTM and AFS investment securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance

 

Gross

​

Gross

​

​

​

​

​

​

Amortized

​

for Credit

 

Unrealized

​

Unrealized

​

Fair

​

​

  ​ ​ ​

Cost

  ​ ​ ​

(Losses)

 

Gains

  ​ ​ ​

(Losses)

  ​ ​ ​

Value

  ​ ​ ​

​

​

(dollars in thousands)

​

March 31, 2026:

 

​

  ​

 

​

  ​

​

​

  ​

 

​

  ​

 

​

  ​

 

Securities HTM:

 

​

  ​

 

​

  ​

​

​

  ​

 

​

  ​

 

​

  ​

 

Municipal securities

​

$

920,855

​

$

(272)

​

$

16,342

​

$

(129,073)

​

$

807,852

​

Corporate securities

​

​

30,293

​

​

(9)

​

​

1,556

​

​

—

​

​

31,840

​

Other securities

​

 

1,050

​

 

(1)

​

 

—

​

 

(1)

​

 

1,048

​

​

​

$

952,198

​

$

(282)

​

$

17,898

​

$

(129,074)

​

$

840,740

​

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

Securities AFS:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

U.S. treasuries and govt. sponsored agency securities

​

$

16,847

​

$

—

​

$

3

​

$

(1,791)

​

$

15,059

​

Residential mortgage-backed and related securities

​

 

90,911

​

 

—

​

 

110

​

 

(4,799)

​

 

86,222

​

Municipal securities

​

 

203,399

​

 

—

​

 

—

​

 

(43,152)

​

 

160,247

​

Asset-backed securities

​

​

3,985

​

​

—

​

​

91

​

​

—

​

​

4,076

​

Corporate securities

​

 

25,073

​

 

—

​

 

112

​

 

(683)

​

 

24,502

​

​

​

$

340,215

​

$

—

​

$

316

​

$

(50,425)

​

$

290,106

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance

​

Gross

​

Gross

​

​

​

​

​

Amortized

​

for Credit

​

Unrealized

​

Unrealized

​

Fair

​

​

  ​ ​ ​

Cost

​

(Losses)

​

Gains

  ​ ​ ​

(Losses)

​

Value

​

​

​

(dollars in thousands)

​

December 31, 2025:

 

​

  ​

 

​

  ​

​

​

  ​

 

​

  ​

​

​

​

 

Securities HTM:

 

​

  ​

 

​

  ​

​

​

  ​

 

​

  ​

​

​

​

 

Municipal securities

​

$

918,189

​

$

(272)

​

$

23,402

​

$

(117,074)

​

$

824,245

​

Corporate securities

​

​

29,719

​

​

(9)

​

​

2,660

​

​

—

​

​

32,370

​

Other securities

​

 

1,050

​

 

(1)

​

 

—

​

 

(1)

​

 

1,048

​

​

​

$

948,958

​

$

(282)

​

$

26,062

​

$

(117,075)

​

$

857,663

​

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

Securities AFS:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

U.S. treasuries and govt. sponsored agency securities

​

$

17,775

​

$

—

​

$

4

​

$

(1,755)

​

$

16,024

​

Residential mortgage-backed and related securities

​

 

72,951

​

 

—

​

 

151

​

 

(4,247)

​

 

68,855

​

Municipal securities

​

 

203,613

​

 

—

​

 

27

​

 

(40,555)

​

 

163,085

​

Asset-backed securities

​

​

4,345

​

​

—

​

​

94

​

​

—

​

​

4,439

​

Corporate securities

​

 

28,068

​

 

—

​

 

148

​

 

(842)

​

 

27,374

​

​

​

$

326,752

​

$

—

​

$

424

​

$

(47,399)

​

$

279,777

​

Schedule of securities have been in a continuous unrealized loss position

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 Months

​

12 Months or More

​

Total

​

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

​

​

(dollars in thousands)

March 31, 2026:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Securities HTM:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Municipal securities

​

$

142,185

​

$

(33,906)

​

$

371,871

​

$

(95,167)

​

$

514,056

​

$

(129,073)

Other securities

​

​

549

​

​

(1)

​

​

—

​

​

—

​

​

549

​

​

(1)

​

​

$

142,734

​

$

(33,907)

​

$

371,871

​

$

(95,167)

​

$

514,605

​

$

(129,074)

​

​

 

  ​

​

 

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Securities AFS:

​

 

  ​

​

 

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

U.S. treasuries and govt. sponsored agency securities

​

$

1,045

​

$

—

​

$

13,501

​

$

(1,791)

​

$

14,546

​

$

(1,791)

Residential mortgage-backed and related securities

​

 

36,410

​

 

(1,075)

​

 

31,264

​

 

(3,724)

​

 

67,674

​

 

(4,799)

Municipal securities

​

 

3,883

​

 

(32)

​

 

156,364

​

 

(43,120)

​

 

160,247

​

 

(43,152)

Corporate securities

​

 

1,656

​

 

(23)

​

 

16,282

​

 

(660)

​

 

17,938

​

 

(683)

​

​

$

42,994

​

$

(1,130)

​

$

217,411

​

$

(49,295)

​

$

260,405

​

$

(50,425)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 Months

​

12 Months or More

​

Total

​

​

​

​

Gross

​

​

​

Gross

​

​

​

Gross

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

​

​

(dollars in thousands)

December 31, 2025:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Securities HTM:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Municipal securities

​

$

88,718

​

$

(52,445)

​

$

316,672

​

$

(64,629)

​

$

405,390

​

$

(117,074)

Other securities

​

 

549

​

​

(1)

​

​

—

​

​

—

​

​

549

​

​

(1)

​

​

$

89,267

​

$

(52,446)

​

$

316,672

​

$

(64,629)

​

$

405,939

​

$

(117,075)

​

​

​

  ​

​

 

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Securities AFS:

​

 

  ​

​

 

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

U.S. govt. sponsored agency securities

​

$

48

​

$

(1)

​

$

13,663

​

$

(1,754)

​

$

13,711

​

$

(1,755)

Residential mortgage-backed and related securities

​

 

16,167

​

 

(592)

​

 

32,137

​

 

(3,655)

​

 

48,304

​

 

(4,247)

Municipal securities

​

 

636

​

 

(9)

​

 

159,146

​

 

(40,546)

​

 

159,782

​

 

(40,555)

Corporate securities

​

​

1,491

​

 

(25)

​

 

18,802

​

 

(817)

​

 

20,293

​

 

(842)

​

​

$

18,342

​

$

(627)

​

$

223,748

​

$

(46,772)

​

$

242,090

​

$

(47,399)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Schedule of activity in allowance for credit losses for HTM and AFS securities by major security

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

March 31, 2026

March 31, 2025

​

​

Securities HTM

​

Securities HTM

​

​

Municipal

​

Corporate

​

Other

​

​

​

Municipal

​

Corporate

​

Other

​

​

​

  ​ ​ ​

securities

  ​ ​ ​

securities

​

securities

  ​ ​ ​

Total

​

securities

​

securities

​

securities

​

Total

​

 

(dollars in thousands)

Allowance for credit losses:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Beginning balance

​

$

272

​

$

9

​

$

1

​

$

282

​

$

254

​

$

8

​

$

1

​

$

263

Reduction due to sales

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Provision

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Balance, ending

​

$

272

​

$

9

​

$

1

​

$

282

​

$

254

​

$

8

​

$

1

​

$

263

Schedule of investments classified by maturity date

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Amortized Cost

  ​ ​ ​

Fair Value

​

​

(dollars in thousands)

Securities HTM:

 

​

  ​

 

​

  ​

Due in one year or less

​

$

389

​

$

390

Due after one year through five years

​

 

42,078

​

 

41,754

Due after five years

​

 

909,731

​

 

798,596

​

​

$

952,198

​

$

840,740

Securities AFS:

​

 

  ​

​

 

  ​

Due in one year or less

​

$

1,425

​

$

1,423

Due after one year through five years

​

 

14,926

​

 

14,515

Due after five years

​

 

228,968

​

 

183,870

​

​

​

245,319

​

​

199,808

Residential mortgage-backed and related securities

​

​

90,911

​

​

86,222

Asset-backed securities

​

 

3,985

​

 

4,076

​

​

$

340,215

​

$

290,106

Schedule of investment in callable securities

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Amortized Cost

  ​ ​ ​

Fair Value

​

​

(dollars in thousands)

Securities HTM:

 

​

  ​

 

​

  ​

Municipal securities

​

$

199,530

​

$

193,023

Corporate securities

​

​

30,293

​

​

31,840

​

​

$

229,823

​

$

224,863

​

​

 

  ​

​

 

  ​

Securities AFS:

​

 

  ​

​

 

  ​

Municipal securities

​

$

202,876

​

$

159,734

Corporate securities

​

 

24,103

​

 

23,517

​

​

$

226,979

​

$

183,251

Schedule of fair value of investment securities pledged

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

March 31, 2026

​

December 31, 2025

​

​

(dollars in thousands)

Derivatives:

​

​

​

​

​

​

U.S. govt. sponsored agency securities

​

$

11,210

​

$

11,268

Residential mortgage-backed and related securities

​

​

36,316

​

​

36,565

Municipal securities

​

 

138,695

​

 

142,065

​

​

​

186,221

​

​

189,898

Public deposits:

​

​

​

​

​

​

U.S. govt. sponsored agency securities

​

​

1,274

​

​

1,338

Residential mortgage-backed and related securities

​

 

1,905

​

 

1,985

​

​

​

3,179

​

​

3,323

Other borrowings:

​

​

​

​

​

​

Municipal securities*

​

 

157,363

​

 

161,329

​

​

​

157,363

​

​

161,329

Total investments pledged:

​

​

​

​

​

​

U.S. govt. sponsored agency securities

​

​

12,484

​

​

12,606

Residential mortgage-backed and related securities

​

​

38,221

​

​

38,550

Municipal securities

​

 

296,058

​

 

303,394

​

​

$

346,763

​

$

354,550

​

​

​

​

​

​

​

* Municipal securities with an amortized cost of $175.8 million and $176.6 million were pledged on secured borrowings as of March 31, 2026 and December 31, 2025, respectively.