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Securities (Tables)
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities, Available-for-Sale
The estimated fair value of available-for-sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income were as follows:
(Dollars in thousands)
Cost
Basis
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
December 31, 2025
U.S. government agency securities(1)
$8,884 $$(418)$8,466 
Collateralized mortgage obligations and residential mortgage-backed securities(1)
123,833 (19,168)104,665 
Municipal securities236,168 (34,956)201,214 
Collateralized debt obligations2,141 (259)1,882 
Total securities available-for-sale$371,026 $$(54,801)$316,227 
1) Includes securities issued or backed by the U.S. government and its agencies and U.S. government sponsored entities.


(Dollars in thousands)
Cost
Basis
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
December 31, 2024
U.S. government agency securities(1)
$8,884 $$(823)$8,061 
Collateralized mortgage obligations and residential mortgage-backed securities(1)
135,974 (26,649)109,325 
Municipal securities262,954 (48,205)214,749 
Collateralized debt obligations2,156 (737)1,419 
Total securities available-for-sale$409,968 $$(76,414)$333,554 
1) Includes securities issued or backed by the U.S. government and its agencies and U.S. government sponsored entities.
Schedule of Investments Classified by Contractual Maturity Date
The cost basis and estimated fair value of available-for-sale debt securities at December 31, 2025, by contractual maturity, were as follows. Securities not due at a single maturity date, primarily collateralized mortgage obligations and residential mortgage-backed securities, are shown separately.
(Dollars in thousands)
Available-for-sale
December 31, 2025Cost
Basis
Estimated
Fair
Value
Due in one year or less$$
Due from one to five years13,044 12,367 
Due from five to ten years39,873 35,800 
Due over ten years194,276 163,395 
Collateralized mortgage obligations and residential mortgage-backed securities123,833 104,665 
Total$371,026 $316,227 
Schedule of Realized Gain (Loss)
Sales of available-for-sale securities were as follows for the quarter ended:
Year Ended December 31
(Dollars in thousands)20252024
Proceeds$24,519 $14,697 
Gross gains
Gross losses(1,577)(531)
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income/(loss) balances, net of tax, related to available-for-sale securities, were as follows:
(Dollars in thousands)
Unrealized loss
Beginning Balance, January 1, 2025$(58,084)
Period change16,422 
Ending Balance, December 31, 2025$(41,662)
(Dollars in thousands)
Unrealized loss
Beginning balance, January 1, 2024$(51,613)
Current period change(6,471)
Ending balance, December 31, 2024$(58,084)
Schedule of Unrealized Gain (Loss) on Investments
Securities with gross unrealized losses and the related estimated fair value, segregated between investments that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more at December 31, 2025, and December 31, 2024:
(Dollars in thousands)
Less than 12 months12 months or longerTotal
December 31, 2025Estimated
Fair
Value
Unrealized
Losses
Estimated
Fair
Value
Unrealized
Losses
Estimated
Fair
Value
Unrealized
Losses
Percentage of
Total Portfolio
in Loss Position
U.S. government agency securities$$$8,466 $(418)$8,466 $(418)100.0%
Collateralized mortgage obligations and residential mortgage-backed securities104,665 (19,168)104,665 (19,168)100.0%
Municipal securities200,469 (34,956)200,469 (34,956)99.6%
Collateralized debt obligations1,882 (259)1,882 (259)100.0%
Total$$$315,482 $(54,801)$315,482 $(54,801)99.8%
Number of securities-369369
(Dollars in thousands)
Less than 12 months12 months or longerTotal
December 31, 2024Estimated
Fair
Value
Unrealized
Losses
Estimated
Fair
Value
Unrealized
Losses
Estimated
Fair
Value
Unrealized
Losses
Percentage of
Total Portfolio
in Loss Position
U.S. government agency securities$$$8,061 $(823)$8,061 $(823)100.0%
Collateralized mortgage obligations and residential mortgage-backed securities109,325 (26,649)109,325 (26,649)100.0%
Municipal securities3,310 (156)211,439 (48,049)214,749 (48,205)100.0%
Collateralized debt obligations1,419 (737)1,419 (737)100.0%
Total $3,310 $(156)$330,244 $(76,258)$333,554 $(76,414)100.0%
Number of securities4409413