Securities (Tables)

6 Months Ended

Jun. 30, 2022

Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

	June 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	238,546	$	—	$	(13,525)	$	225,021
U.S. Government-sponsored enterprises (GSEs)		428		—		(5)		423
Municipal securities		53,575		95		(513)		53,157
Other debt securities		28,974		—		(1,123)		27,851
Mortgage-backed securities (GSEs)		235,060		4		(16,652)		218,412
Total	$	556,583	$	99	$	(31,818)	$	524,864

	June 30, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Treasury	$	150,413	$	—	$	(3,694)	$	146,719
U.S. Government-sponsored enterprises (GSEs)		51,135		—		(6,120)		45,015
Municipal securities		54,166		—		(7,684)		46,482
Mortgage-backed securities (GSEs)		32,649		—		(3,187)		29,462
Total	$	288,363	$	—	$	(20,685)	$	267,678

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	138,212	$	64	$	(518)	$	137,758
U.S. Government-sponsored enterprises (GSEs)		21,898		76		(173)		21,801
Municipal securities		67,310		512		(2)		67,820
Other debt securities		26,989		313		(82)		27,220
Mortgage-backed securities (GSEs)		228,011		971		(1,128)		227,854
Total	$	482,420	$	1,936	$	(1,903)	$	482,453

	December 31, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	31,023	$	20	$	(87)	$	30,956
Municipal securities		45,946		63		(19)		45,990
Total	$	76,969	$	83	$	(106)	$	76,946

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at June 30, 2022 by contractual maturity for non-mortgage backed securities are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	June 30, 2022
	Amortized		Fair
Available-for-sale:	Cost		Value
Due in one year or less	$	346	$	345
Due from one year to five years		177,974		170,268
Due from five years to ten years		99,298		92,108
Due after ten years		43,905		43,731
		321,523		306,452
Mortgage-backed securities		235,060		218,412
Total	$	556,583	$	524,864
Held-to-maturity:
Due in one year or less	$	—	$	—
Due from one year to five years		150,413		146,719
Due from five years to ten years		30,283		27,432
Due after ten years		75,018		64,065
		255,714		238,216
Mortgage-backed securities		32,649		29,462
Total	$	288,363	$	267,678

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities available-for-sale and held-to-maturity have been in a continuous unrealized loss position (in thousands):

	June 30, 2022
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Available-for-sale:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	225,022	$	(13,525)	19	$	—	$	—	—	$	225,022	$	(13,525)	19
U.S. Government-sponsored enterprises (GSEs)		—		—	—		423		(5)	2		423		(5)	2
Municipal securities		39,081		(513)	32		—		—	—		39,081		(513)	32
Other debt securities		26,402		(1,073)	23		1,450		(50)	1		27,852		(1,123)	24
Mortgage-backed securities (GSEs)		210,200		(16,427)	96		7,459		(225)	6		217,659		(16,652)	102
Total	$	500,705	$	(31,538)	170	$	9,332	$	(280)	9	$	510,037	$	(31,818)	179
	June 30, 2022
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Held-to-maturity:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	146,919	$	(3,694)	4	$	—	$	—	—	$	146,919	$	(3,694)	4
U.S. Government-sponsored enterprises (GSEs)		22,393		(2,777)	6		22,622		(3,343)	7		45,015		(6,120)	13
Municipal securities		46,482		(7,684)	35		—		—	—		46,482		(7,684)	35
Mortgage-backed securities (GSEs)		29,462		(3,187)	5		—		—	—		29,462		(3,187)	5
Total	$	245,256	$	(17,342)	50	$	22,622	$	(3,343)	7	$	267,878	$	(20,685)	57

	December 31, 2021
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Available-for-sale:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	99,959	$	(518)	11	$	—	$	—	—	$	99,959	$	(518)	11
U.S. Government-sponsored enterprises (GSEs)		14,156		(168)	2		579		(5)	2		14,735		(173)	4
Municipal securities		2,519		(2)	1		—		—	—		2,519		(2)	1
Other debt securities		5,983		(82)	6		—		—	—		5,983		(82)	6
Mortgage-backed securities (GSEs)		159,725		(1,002)	31		8,233		(126)	6		167,958		(1,128)	37
Total	$	282,342	$	(1,772)	51	$	8,812	$	(131)	8	$	291,154	$	(1,903)	59
	December 31, 2021
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Held-to-maturity:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	21,901	$	(87)	8	$	—	$	—	—	$	21,901	$	(87)	8
Municipal securities		4,173		(19)	6		—		—	—		4,173		(19)	6
Total	$	26,074	$	(106)	14	$	—	$	—	—	$	26,074	$	(106)	14

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):

	June 30,		December 31,
	2022		2021
Federal Reserve Bank stock	$	9,768	$	9,693
Federal Home Loan Bank stock		6,451		6,451
First National Bankers Bank stock		350		350
Total	$	16,569	$	16,494