INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2025

INVESTMENT SECURITIES

Schedule of gross amortized cost and fair value of available-for-sale debt securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income

			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for		Fair
March 31, 2025 (in thousands)	Cost		Gains		Losses		Credit Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	350,261	$	91	$	(4,656)	$	—	$	345,696
Private label mortgage-backed security		74		1,441		—		—		1,515
Mortgage-backed securities - residential		247,077		436		(10,183)		—		237,330
Collateralized mortgage obligations		19,451		28		(769)		—		18,710
Corporate bonds		2,006		—		(3)		—		2,003
Trust preferred security		3,879		194		—		—		4,073
Total available-for-sale debt securities	$	622,748	$	2,190	$	(15,611)	$	—	$	609,327

			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for		Fair
December 31, 2024 (in thousands)	Cost		Gains		Losses		Credit Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	395,609	$	4	$	(6,527)	$	—	$	389,086
Private label mortgage-backed security		121		1,429		—		—		1,550
Mortgage-backed securities - residential		180,765		193		(12,725)		—		168,233
Collateralized mortgage obligations		20,127		27		(911)		—		19,243
Corporate bonds		2,008		1		—		—		2,009
Trust preferred security		3,863		171		—		—		4,034
Total available-for-sale debt securities	$	602,493	$	1,825	$	(20,163)	$	—	$	584,155

Schedule of carrying value, gross unrecognized gains and losses, and fair value of held-to-maturity debt securities

			Gross		Gross				Allowance
	Amortized		Unrecognized		Unrecognized		Fair		for
March 31, 2025 (in thousands)	Cost		Gains		Losses		Value		Credit Losses
U.S. Treasury securities and U.S. Government agencies	$	—	$	—	$	—	$	—	$	—
Mortgage-backed securities - residential		14		—		—		14		—
Collateralized mortgage obligations		5,598		33		(80)		5,551		—
Corporate bonds		—		—		—		—		—
Obligations of state and political subdivisions		—		—		—		—		—
Total held-to-maturity debt securities	$	5,612	$	33	$	(80)	$	5,565	$	—

			Gross		Gross				Allowance
	Amortized		Unrecognized		Unrecognized		Fair		for
December 31, 2024 (in thousands)	Cost		Gains		Losses		Value		Credit Losses
U.S. Treasury securities and U.S. Government agencies	$	—	$	—	$	—	$	—	$	—
Mortgage-backed securities - residential		23		1		—		24		—
Collateralized mortgage obligations		5,756		36		(86)		5,706		—
Corporate bonds		4,999		6		—		5,005		—
Obligations of state and political subdivisions		—		—		—		—		—
Total held-to-maturity debt securities	$	10,778	$	43	$	(86)	$	10,735	$	—

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

	Available-for-Sale				Held-to-Maturity
	Debt Securities				Debt Securities
	Amortized		Fair		Amortized		Fair
March 31, 2025 (in thousands)	Cost		Value		Cost		Value
Due in one year or less	$	125,311	$	124,280	$	—	$	—
Due from one year to five years		216,956		213,421		—		—
Due from five years to ten years		10,000		9,998		—		—
Due beyond ten years		3,879		4,073		—		—
Private label mortgage-backed security		74		1,515		—		—
Mortgage-backed securities - residential		247,077		237,330		14		14
Collateralized mortgage obligations		19,451		18,710		5,598		5,551
Total debt securities	$	622,748	$	609,327	$	5,612	$	5,565

Schedule of debt securities with unrealized losses

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
March 31, 2025 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	79,927	$	(40)	$	185,360	$	(4,616)	$	265,287	$	(4,656)
Mortgage-backed securities - residential		48,192		(295)		109,966		(9,888)		158,158		(10,183)
Collateralized mortgage obligations		3,070		(158)		13,784		(611)		16,854		(769)
Corporate bonds		2,003		(3)		—		—		2,003		(3)
Trust preferred security		—		—		—		—		—		—
Total available-for-sale debt securities	$	133,192	$	(496)	$	309,110	$	(15,115)	$	442,302	$	(15,611)

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
December 31, 2024 (in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	145,048	$	(212)	$	209,033	$	(6,315)	$	354,081	$	(6,527)
Mortgage-backed securities - residential		52,347		(874)		104,453		(11,851)		156,800		(12,725)
Collateralized mortgage obligations		700		(8)		15,951		(903)		16,651		(911)
Trust preferred security		—		—		—		—		—		—
Total available-for-sale debt securities	$	198,095	$	(1,094)	$	329,437	$	(19,069)	$	527,532	$	(20,163)

Schedule of allowance for credit losses on investment

	ACLS Roll-forward
	Three Months Ended March 31,
	2025										2024
	Beginning				Charge-				Ending			Beginning				Charge-				Ending
(in thousands)	Balance		Provision		offs		Recoveries		Balance			Balance		Provision		offs		Recoveries		Balance
Available-for-Sale Securities:
Corporate Bonds	$	—	$	—	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—
Held-to-Maturity Securities:
Corporate Bonds		—		—		—		—		—			10		—		—		—		10
Total	$	—	$	—	$	—	$	—	$	—		$	10	$	—	$	—	$	—	$	10

Schedule of pledged investment securities

	As of
(in thousands)	March 31, 2025		December 31, 2024
Amortized cost	$	204,867	$	205,160
Fair value		200,550		199,607
Carrying amount		200,550		199,607

Schedule of carrying value, gross unrealized gains and losses, and fair value of equity securities with readily determinable fair values

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
March 31, 2025 (in thousands)	Cost		Gains		Losses		Value
Freddie Mac preferred stock	$	—	$	724	$	—	$	724
Total equity securities with readily determinable fair values	$	—	$	724	$	—	$	724

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2024 (in thousands)	Cost		Gains		Losses		Value
Freddie Mac preferred stock	$	—	$	693	$	—	$	693
Total equity securities with readily determinable fair values	$	—	$	693	$	—	$	693

Schedule of equity securities with readily determinable fair values, the gross realized and unrealized gains and losses recognized

	Gains (Losses) Recognized on Equity Securities
	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
(in thousands)	Realized		Unrealized		Total		Realized		Unrealized		Total
Freddie Mac preferred stock	$	—	$	31	$	31	$	—	$	61	$	61
Total equity securities with readily determinable fair value	$	—	$	31	$	31	$	—	$	61	$	61