Investment Securities (Tables)

6 Months Ended

Jun. 30, 2022

Investments Debt And Equity Securities [Abstract]

Schedule of Securities Available for Sale and Securities Held-to-Maturity

The following tables summarize the amortized cost and fair value of securities available-for-sale and securities held-to-maturity and the corresponding amounts of unrealized gains and losses recognized in accumulated other comprehensive loss at June 30, 2022 and December 31, 2021 (amounts in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 2022:
Securities available-for-sale:
Residential mortgage-backed	$	462,947	$	-	$	(51,950	)	$	410,997
U.S. treasury securities		146,133		-		(12,570	)		133,563
U.S. govt. sponsored enterprises		73,957		26		(4,538	)		69,445
State, county, and municipal		82,262		7		(10,992	)		71,277
Corporate debt obligations		17,906		24		(1,263	)		16,667
Total available-for-sale	$	783,205	$	57	$	(81,313	)	$	701,949

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 2022:
Securities held-to-maturity:
Residential mortgage-backed	$	74,716	$	-	$	(12,281	)	$	62,435
State, county, and municipal		62,919		-		(11,645	)		51,274
Total held-to-maturity	$	137,635	$	-	$	(23,926	)	$	113,709

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2021:
Securities available-for-sale:
Residential mortgage-backed	$	562,109	$	1,512	$	(6,063	)	$	557,558
U.S. treasury securities		151,331		-		(1,803	)		149,528
U.S. govt. sponsored enterprises		54,005		555		(65	)		54,495
State, county, and municipal		94,976		4,405		(127	)		99,254
Corporate debt obligations		15,942		49		(67	)		15,924
Total available-for-sale	$	878,363	$	6,521	$	(8,125	)	$	876,759
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2021:
Securities held-to-maturity:
State, county, and municipal	$	50,182	$	139	$	(156	)	$	50,165
Total held-to-maturity	$	50,182	$	139	$	(156	)	$	50,165

Schedule of Details Concerning Investment Securities with Unrealized and Unrecognized Losses

The following tables summarize securities with unrealized and unrecognized losses as of June 30, 2022 and December 31, 2021 aggregated by major security type and length of time in a continuous unrealized or unrecognized loss position (amounts in thousands):

	Less Than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2022:
Securities available-for-sale:
Residential mortgage-backed	$	383,097	$	47,566	$	27,900	$	4,384	$	410,997	$	51,950
U.S. treasury securities		133,563		12,570		-		-		133,563		12,570
U.S. govt. sponsored enterprises		58,853		4,538		-		-		58,853		4,538
State, county & municipal		65,335		10,329		2,608		663		67,943		10,992
Corporate debt obligations		13,738		1,236		473		27		14,211		1,263
Total available-for-sale	$	654,586	$	76,239	$	30,981	$	5,074	$	685,567	$	81,313
Securities held-to-maturity:
Residential mortgage-backed	$	8,381	$	1,367	$	54,054	$	10,914	$	62,435	$	12,281
State, county & municipal		45,929		11,645		-		-		45,929		11,645
Total held-to-maturity	$	54,310	$	13,012	$	54,054	$	10,914	$	108,364	$	23,926
December 31, 2021:
Securities available-for-sale:
Residential mortgage-backed	$	442,210	$	5,075	$	33,032	$	988	$	475,242	$	6,063
U.S. treasury securities		149,528		1,803		-		-		149,528		1,803
U.S. govt. sponsored enterprises		27,377		65		-		-		27,377		65
State, county & municipal		6,775		110		618		17		7,393		127
Corporate debt obligations		9,948		67		-		-		9,948		67
Total available-for-sale	$	635,838	$	7,120	$	33,650	$	1,005	$	669,488	$	8,125
Securities held-to-maturity:
State, county & municipal	$	17,775	$	156	$	-	$	-	$	17,775	$	156
Total held-to-maturity	$	17,775	$	156	$	-	$	-	$	17,775	$	156

Schedule of Amortized Cost and Estimated Fair Value of Debt Securities

The amortized cost and estimated fair value of debt securities at June 30, 2022 and December 31, 2021, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities for residential mortgage backed securities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. These securities are therefore not presented by maturity classification.

	June 30, 2022				December 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In Thousands)				(In Thousands)
Securities available-for-sale
Less than 1 year	$	1,135	$	1,137	$	11,573	$	11,682
1 to 5 years		146,430		134,246		158,678		157,799
5 to 10 years		88,144		81,233		70,856		70,959
After 10 years		84,549		74,336		75,147		78,761
		320,258		290,952		316,254		319,201
Residential mortgage-backed securities		462,947		410,997		562,109		557,558
Total available-for-sale	$	783,205	$	701,949	$	878,363	$	876,759

	June 30, 2022				December 31, 2021
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In Thousands)				(In Thousands)
Securities held-to-maturity
5 to 10 years	$	5,150	$	4,359	$	1,132	$	1,132
After 10 years		57,769		46,915		49,050		49,033
		62,919		51,274		50,182		50,165
Residential mortgage-backed securities		74,716		62,435		-		-
Total held-to-maturity	$	137,635	$	113,709	$	50,182	$	50,165