INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 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
	Amortized		Unrealized		Unrealized		Fair
June 30, 2025 (in thousands)	Cost		Gains		Losses		Value
U.S. Treasury securities and U.S. Government agencies	$	309,918	$	71	$	(3,566)	$	306,423
Private label mortgage-backed security		48		1,441		—		1,489
Mortgage-backed securities - residential		381,853		1,533		(8,788)		374,598
Collateralized mortgage obligations		18,837		25		(732)		18,130
Corporate bonds		1,003		—		(2)		1,001
Trust preferred security		3,895		180		—		4,075
Total available-for-sale debt securities	$	715,554	$	3,250	$	(13,088)	$	705,716

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2024 (in thousands)	Cost		Gains		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
	Amortized		Unrecognized		Unrecognized		Fair
June 30, 2025 (in thousands)	Cost		Gains		Losses		Value
Mortgage-backed securities - residential	$	14	$	—	$	—	$	14
Collateralized mortgage obligations		5,420		30		(56)		5,394
Total held-to-maturity debt securities	$	5,434	$	30	$	(56)	$	5,408

			Gross		Gross
	Amortized		Unrecognized		Unrecognized		Fair
December 31, 2024 (in thousands)	Cost		Gains		Losses		Value
Mortgage-backed securities - residential	$	23	$	1	$	—	$	24
Collateralized mortgage obligations		5,756		36		(86)		5,706
Corporate bonds		4,999		6		—		5,005
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
June 30, 2025 (in thousands)	Cost		Value		Cost		Value
Due in one year or less	$	100,964	$	100,536	$	—	$	—
Due from one year to five years		209,957		206,888		—		—
Due from five years to ten years		—		—		—		—
Due beyond ten years		3,895		4,075		—		—
Private label mortgage-backed security		48		1,489		—		—
Mortgage-backed securities - residential		381,853		374,598		14		14
Collateralized mortgage obligations		18,837		18,130		5,420		5,394
Total debt securities	$	715,554	$	705,716	$	5,434	$	5,408

Schedule of debt securities with unrealized losses

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
June 30, 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	$	124,835	$	(130)	$	156,540	$	(3,436)	$	281,375	$	(3,566)
Mortgage-backed securities - residential		23,761		(198)		95,000		(8,590)		118,761		(8,788)
Collateralized mortgage obligations		433		(1)		15,156		(731)		15,589		(732)
Corporate bonds		1,001		(2)		—		—		1,001		(2)
Total available-for-sale debt securities	$	150,030	$	(331)	$	266,696	$	(12,757)	$	416,726	$	(13,088)

	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)
Total available-for-sale debt securities	$	198,095	$	(1,094)	$	329,437	$	(19,069)	$	527,532	$	(20,163)

Schedule of pledged investment securities

	As of
(in thousands)	June 30, 2025		December 31, 2024
Amortized cost	$	192,816	$	205,160
Fair value		189,031		199,607
Carrying amount		189,031		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
June 30, 2025 (in thousands)	Cost		Gains		Losses		Value
Freddie Mac preferred stock	$	—	$	756	$	—	$	756
Total equity securities	$	—	$	756	$	—	$	756

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2024 (in thousands)	Cost		Gains		Losses		Value
Freddie Mac preferred stock	$	—	$	693	$	—	$	693
Total equity securities	$	—	$	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 June 30, 2025						Three Months Ended June 30, 2024
(in thousands)	Realized		Unrealized		Total		Realized		Unrealized		Total
Freddie Mac preferred stock	$	—	$	32	$	32	$	—	$	46	$	46
Total equity securities	$	—	$	32	$	32	$	—	$	46	$	46

	Gains (Losses) Recognized on Equity Securities
	Six Months Ended June 30, 2025						Six Months Ended June 30, 2024
(in thousands)	Realized		Unrealized		Total		Realized		Unrealized		Total
Freddie Mac preferred stock	$	—	$	63	$	63	$	—	$	107	$	107
Total equity securities	$	—	$	63	$	63	$	—	$	107	$	107