XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.4
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Activity in the ACL on held-to maturity securities
The following table summarizes the activity in the ACL on HTM securities.
(Dollars in thousands)Three Months Ended September 30, 2023Nine Months Ended September 30, 2023
Balance, beginning of period$163 $— 
Other debt securities, provision for credit losses(37)126 
Balance, end of period$126 $126 
Schedule of Available-for-Sale Securities Reconciliation
The following tables provide information on the amortized cost and estimated fair values of debt securities.
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Available-for-sale securities:
September 30, 2023
U.S. Government agencies$23,622 $4 $3,995 $19,631 
Mortgage-backed-residential63,371 — 9,798 53,573 
Other debt securities6,059 26 146 5,939 
Total$93,052 $30 $13,939 $79,143 
December 31, 2022
U.S. Government agencies$21,798 $5 $3,625 $18,178 
Mortgage-backed-residential72,183 2 8,666 63,519 
Other debt securities2,018 — 128 1,890 
Total$95,999 $7 $12,419 $83,587 
Schedule of Held-to-Maturity Securities Reconciliation
(Dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAllowance for Credit Losses
Held-to-maturity securities:
September 30, 2023
U.S. Government agencies$143,494 $— $14,873 $128,621 $— 
Mortgage-backed-residential367,712 — 61,177 306,535 — 
States and political subdivisions1,471 2 68 1,405 — 
Other debt securities10,500 — 1,409 9,091 126 
Total$523,177 $2 $77,527 $445,652 $126 
December 31, 2022
U.S. Government agencies$148,097 $— $13,601 $134,496 $— 
Mortgage-backed-residential398,884 — 50,464 348,420 — 
States and political subdivisions1,474 35 28 1,481 — 
Other debt securities 11,000 — 770 10,230 — 
Total$559,455 $35 $64,863 $494,627 $— 
Schedule of Amortized Cost of Held-to-Maturity Securities Based on Credit Rating
The following table shows the amortized cost of HTM securities based on their lowest publicly available credit rating as of September 30, 2023.
September 30, 2023
Investment Grade
(Dollars in thousands)AaaAa1A3Baa1Baa2NRTotal
U.S. Government agencies$143,494 $— $— $— $— $— $143,494 
Mortgage-backed-residential367,712 — — — — — 367,712 
States and political subdivisions— 1,471 — — — — 1,471 
Other debt securities— — 4,000 4,000 500 2,000 10,500 
Total Held-to Maturity Securities$511,206 $1,471 $4,000 $4,000 $500 $2,000 $523,177 
Available-For-Sale Securities and Held-to-Maturity, Continuous Unrealized Loss Position, Fair Value
The following tables provide information about gross unrealized losses and fair value by length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2023 and December 31, 2022.
Less than 12 MonthsMore than 12 MonthsTotal
(Dollars in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
September 30, 2023
Available-for-sale securities:
U.S. Government agencies$596 $1 $16,352 $3,994 $16,948 $3,995 
Mortgage-backed-residential433 4 53,140 9,794 53,573 9,798 
Other debt securities— — 1,866 146 1,866 146 
Total$1,029 $5 $71,358 $13,934 $72,387 $13,939 
Less than 12 MonthsMore than 12 MonthsTotal
(Dollars in thousands)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
December 31, 2022
Available-for-sale securities:
U.S. Government agencies$1,165 $4 $16,585 $3,621 $17,750 $3,625 
Mortgage-backed-residential29,125 2,409 34,167 6,257 63,292 8,666 
Other debt securities1,890 128 — — 1,890 128 
Total$32,180 $2,541 $50,752 $9,878 $82,932 $12,419 
Held-to-maturity securities:
U.S. Government agencies$67,332 $2,786 $67,163 $10,815 $134,495 $13,601 
Mortgage-backed-residential148,771 9,402 199,649 41,062 348,420 50,464 
States and political subdivisions780 28 — — 780 28 
Other debt securities8,091 409 2,139 361 10,230 770 
Total$224,974 $12,625 $268,951 $52,238 $493,925 $64,863 
Schedule of Securities Debt Maturities
The following table provides information on the amortized cost and estimated fair values of investment securities by maturity date at September 30, 2023.
Available for saleHeld to maturity
(Dollars in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$2,478 $2,479 $7,000 $6,873 
Due after one year through five years16,520 15,113 119,922 110,186 
Due after five years through ten years31,108 27,144 52,517 45,947 
Due after ten years42,946 34,407 343,738 282,646 
Total$93,052 $79,143 $523,177 $445,652