Securities (Tables)

3 Months Ended

Mar. 31, 2024

Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

	March 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	84,065	$	—	$	(8,790)	$	75,275
U.S. Government-sponsored enterprises (GSEs)		48,393		725		(169)		48,949
Municipal securities		18,407		98		(487)		18,018
Other debt securities		39,321		164		(3,546)		35,939
Mortgage-backed securities (GSEs)		319,389		699		(23,922)		296,166
Total	$	509,575	$	1,686	$	(36,914)	$	474,347

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	84,307	$	—	$	(8,274)	$	76,033
U.S. Government-sponsored enterprises (GSEs)		46,983		1,256		(146)		48,093
Municipal securities		18,616		135		(475)		18,276
Other debt securities		36,863		93		(3,887)		33,069
Mortgage-backed securities (GSEs)		254,288		588		(21,937)		232,939
Total	$	441,057	$	2,072	$	(34,719)	$	408,410

Schedule of Held-to-maturity Securities Reconciliation

	March 31, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Treasury	$	50,030	$	—	$	(227)	$	49,803
U.S. Government-sponsored enterprises (GSEs)		49,032		—		(7,897)		41,135
Municipal securities		52,423		—		(6,582)		45,841
Mortgage-backed securities (GSEs)		28,684		—		(4,250)		24,434
Total	$	180,169	$	—	$	(18,956)	$	161,213

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Treasury	$	150,066	$	—	$	(1,482)	$	148,584
U.S. Government-sponsored enterprises (GSEs)		49,336		—		(7,143)		42,193
Municipal securities		52,680		—		(6,178)		46,502
Mortgage-backed securities (GSEs)		29,154		—		(3,895)		25,259
Total	$	281,236	$	—	$	(18,698)	$	262,538

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at March 31, 2024, 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.

	March 31, 2024
	Amortized		Fair
Available-for-sale:	Cost		Value
Due in one year or less	$	1,280	$	1,274
Due from one year to five years		88,430		79,446
Due from five years to ten years		87,487		84,734
Due after ten years		12,989		12,727
		190,186		178,181
Mortgage-backed securities		319,389		296,166
Total	$	509,575	$	474,347
Held-to-maturity:
Due in one year or less	$	50,030	$	49,802
Due from one year to five years		745		701
Due from five years to ten years		47,201		40,121
Due after ten years		53,509		46,155
		151,485		136,779
Mortgage-backed securities		28,684		24,434
Total	$	180,169	$	161,213

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 AFS and HTM have been in a continuous unrealized loss position (in thousands):

	March 31, 2024
	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	$	—	$	—	—	$	75,276	$	(8,790)	9	$	75,276	$	(8,790)	9
U.S. Government-sponsored enterprises (GSEs)		9,906		(141)	3		6,532		(28)	5		16,438		(169)	8
Municipal securities		2,156		(11)	5		12,565		(476)	19		14,721		(487)	24
Other debt securities		2,408		(41)	2		29,415		(3,505)	26		31,823		(3,546)	28
Mortgage-backed securities (GSEs)		63,256		(831)	21		177,765		(23,091)	87		241,021		(23,922)	108
Total	$	77,726	$	(1,024)	31	$	301,553	$	(35,890)	146	$	379,279	$	(36,914)	177
	March 31, 2024
	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	$	—	$	—	—	$	49,802	$	(227)	2	$	49,802	$	(227)	2
U.S. Government-sponsored enterprises (GSEs)		—		—	—		41,135		(7,897)	13		41,135		(7,897)	13
Municipal securities		—		—	—		45,840		(6,582)	35		45,840		(6,582)	35
Mortgage-backed securities (GSEs)		—		—	—		24,434		(4,250)	5		24,434		(4,250)	5
Total	$	—	$	—	—	$	161,211	$	(18,956)	55	$	161,211	$	(18,956)	55

	December 31, 2023
	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	$	—	$	—	—	$	76,033	$	(8,274)	9	$	76,033	$	(8,274)	9
U.S. Government-sponsored enterprises (GSEs)		9,743		(137)	3		1,482		(9)	3		11,225		(146)	6
Municipal securities		2,786		(2)	2		9,849		(473)	17		12,635		(475)	19
Other debt securities		2,986		(17)	2		29,057		(3,870)	26		32,043		(3,887)	28
Mortgage-backed securities (GSEs)		16,401		(229)	8		176,351		(21,708)	88		192,752		(21,937)	96
Total	$	31,916	$	(385)	15	$	292,772	$	(34,334)	143	$	324,688	$	(34,719)	158
	December 31, 2023
	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	$	—	$	—	—	$	148,584	$	(1,482)	4	$	148,584	$	(1,482)	4
U.S. Government-sponsored enterprises (GSEs)		—		—	—		42,194		(7,143)	13		42,194		(7,143)	13
Municipal securities		—		—	—		46,500		(6,178)	35		46,500		(6,178)	35
Mortgage-backed securities (GSEs)		—		—	—		25,258		(3,895)	5		25,258		(3,895)	5
Total	$	—	$	—	—	$	262,536	$	(18,698)	57	$	262,536	$	(18,698)	57

Schedule of Other Investments

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

	March 31,		December 31,
	2024		2023
Federal Reserve Bank stock	$	9,532	$	9,526
Federal Home Loan Bank stock		3,836		3,786
First National Bankers Bank stock		350		350
Total	$	13,718	$	13,662