Securities (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Available-for-sale Securities |
The amortized cost, gross unrealized gains and losses, and fair values of available-for-sale and held-to-maturity debt securities by type follows as of: | | | | | | | | | | | | | | | | | | | | | | | | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair
Value | | March 31, 2024 | | | | | | | | | Available-for-sale: | | | | | | | | | U.S. treasury | $ | 56,459 | | | $ | — | | | $ | (8,381) | | | $ | 48,078 | | | U.S. agency | 1,676 | | | — | | | (26) | | | 1,650 | | | Obligations of states and political subdivisions | 30,018 | | | — | | | (4,455) | | | 25,563 | | | Mortgage backed - residential | 118,379 | | | 76 | | | (16,836) | | | 101,619 | | | Collateralized mortgage obligations | 198,984 | | | 35 | | | (21,609) | | | 177,410 | | | Mortgage backed - commercial | 144,402 | | | 277 | | | (15,321) | | | 129,358 | | | Other debt | 16,796 | | | — | | | (1,396) | | | 15,400 | | | Total available-for-sale | $ | 566,714 | | | $ | 388 | | | $ | (68,024) | | | $ | 499,078 | | | Held-to-maturity: | | | | | | | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | $ | 25,584 | | | $ | — | | | $ | (4,615) | | | $ | 20,969 | | | Mortgage backed - residential | 7,327 | | | — | | | (713) | | | 6,614 | | | Collateralized mortgage obligations | 3,729 | | | — | | | (277) | | | 3,452 | | | | | | | | | | | | | | | | | | | Total held-to-maturity | $ | 36,640 | | | $ | — | | | $ | (5,605) | | | $ | 31,035 | | | December 31, 2023 | | | | | | | | | Available-for-sale: | | | | | | | | | U.S. treasury | $ | 58,468 | | | $ | — | | | $ | (4,234) | | | $ | 54,234 | | | U.S. agency | 1,872 | | | — | | | (33) | | | 1,839 | | | Obligations of states and political subdivisions | 29,979 | | | — | | | (4,009) | | | 25,970 | | | Mortgage backed - residential | 121,288 | | | 119 | | | (14,974) | | | 106,433 | | | Collateralized mortgage obligations | 203,394 | | | — | | | (21,861) | | | 181,533 | | | Mortgage backed - commercial | 145,062 | | | 497 | | | (14,367) | | | 131,192 | | | Other debt | 16,792 | | | — | | | (1,236) | | | 15,556 | | | Total available-for-sale | $ | 576,855 | | | $ | 616 | | | $ | (60,714) | | | $ | 516,757 | | | Held-to-maturity: | | | | | | | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | $ | 25,542 | | | $ | 3 | | | $ | (3,987) | | | $ | 21,558 | | | Mortgage backed - residential | 7,548 | | | 2 | | | (560) | | | 6,990 | | | Collateralized mortgage obligations | 3,893 | | | — | | | (260) | | | 3,633 | | | | | | | | | | | | | | | | | | | Total held-to-maturity | $ | 36,983 | | | $ | 5 | | | $ | (4,807) | | | $ | 32,181 | |
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| Schedule of Held-to-maturity Securities |
The amortized cost, gross unrealized gains and losses, and fair values of available-for-sale and held-to-maturity debt securities by type follows as of: | | | | | | | | | | | | | | | | | | | | | | | | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair
Value | | March 31, 2024 | | | | | | | | | Available-for-sale: | | | | | | | | | U.S. treasury | $ | 56,459 | | | $ | — | | | $ | (8,381) | | | $ | 48,078 | | | U.S. agency | 1,676 | | | — | | | (26) | | | 1,650 | | | Obligations of states and political subdivisions | 30,018 | | | — | | | (4,455) | | | 25,563 | | | Mortgage backed - residential | 118,379 | | | 76 | | | (16,836) | | | 101,619 | | | Collateralized mortgage obligations | 198,984 | | | 35 | | | (21,609) | | | 177,410 | | | Mortgage backed - commercial | 144,402 | | | 277 | | | (15,321) | | | 129,358 | | | Other debt | 16,796 | | | — | | | (1,396) | | | 15,400 | | | Total available-for-sale | $ | 566,714 | | | $ | 388 | | | $ | (68,024) | | | $ | 499,078 | | | Held-to-maturity: | | | | | | | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | $ | 25,584 | | | $ | — | | | $ | (4,615) | | | $ | 20,969 | | | Mortgage backed - residential | 7,327 | | | — | | | (713) | | | 6,614 | | | Collateralized mortgage obligations | 3,729 | | | — | | | (277) | | | 3,452 | | | | | | | | | | | | | | | | | | | Total held-to-maturity | $ | 36,640 | | | $ | — | | | $ | (5,605) | | | $ | 31,035 | | | December 31, 2023 | | | | | | | | | Available-for-sale: | | | | | | | | | U.S. treasury | $ | 58,468 | | | $ | — | | | $ | (4,234) | | | $ | 54,234 | | | U.S. agency | 1,872 | | | — | | | (33) | | | 1,839 | | | Obligations of states and political subdivisions | 29,979 | | | — | | | (4,009) | | | 25,970 | | | Mortgage backed - residential | 121,288 | | | 119 | | | (14,974) | | | 106,433 | | | Collateralized mortgage obligations | 203,394 | | | — | | | (21,861) | | | 181,533 | | | Mortgage backed - commercial | 145,062 | | | 497 | | | (14,367) | | | 131,192 | | | Other debt | 16,792 | | | — | | | (1,236) | | | 15,556 | | | Total available-for-sale | $ | 576,855 | | | $ | 616 | | | $ | (60,714) | | | $ | 516,757 | | | Held-to-maturity: | | | | | | | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | $ | 25,542 | | | $ | 3 | | | $ | (3,987) | | | $ | 21,558 | | | Mortgage backed - residential | 7,548 | | | 2 | | | (560) | | | 6,990 | | | Collateralized mortgage obligations | 3,893 | | | — | | | (260) | | | 3,633 | | | | | | | | | | | | | | | | | | | Total held-to-maturity | $ | 36,983 | | | $ | 5 | | | $ | (4,807) | | | $ | 32,181 | |
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| Schedule of Fair Value and Unrealized Losses on Debt Securities in Continuous Unrealized Loss Position |
Fair value and unrealized losses on debt securities by type and length of time in a continuous unrealized loss position without an allowance for credit losses were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or longer | | Total | | Estimated
Fair
Value | | Unrealized
Losses | | Estimated
Fair
Value | | Unrealized
Losses | | Estimated
Fair
Value | | Unrealized
Losses | | Number
of
Securities | | March 31, 2024 | | | | | | | | | | | | | | | Available-for-sale: | | | | | | | | | | | | | | | U.S. treasury | $ | — | | | $ | — | | | $ | 48,078 | | | $ | (8,381) | | | $ | 48,078 | | | $ | (8,381) | | | 7 | | | U.S. agency | — | | | — | | | 1,650 | | | (26) | | | 1,650 | | | (26) | | | 7 | | | Obligations of states and political subdivisions | — | | | — | | | 25,563 | | | (4,455) | | | 25,563 | | | (4,455) | | | 19 | | | Mortgage backed - residential | 533 | | | (2) | | | 95,514 | | | (16,834) | | | 96,047 | | | (16,836) | | | 85 | | | Collateralized mortgage obligations | — | | | — | | | 159,554 | | | (21,609) | | | 159,554 | | | (21,609) | | | 62 | | | Mortgage backed - commercial | 2,909 | | | (68) | | | 113,046 | | | (15,253) | | | 115,955 | | | (15,321) | | | 24 | | | Other debt | — | | | — | | | 15,400 | | | (1,396) | | | 15,400 | | | (1,396) | | | 9 | | | Total available-for-sale | $ | 3,442 | | | $ | (70) | | | $ | 458,805 | | | $ | (67,954) | | | $ | 462,247 | | | $ | (68,024) | | | 213 | | | Held-to-maturity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | $ | — | | | $ | — | | | $ | 20,638 | | | $ | (4,615) | | | $ | 20,638 | | | $ | (4,615) | | | 8 | | Mortgage backed - residential | 39 | | | — | | | 6,485 | | | (713) | | | 6,524 | | | (713) | | | 11 | | Collateralized mortgage obligations | — | | | — | | | 3,452 | | | (277) | | | 3,452 | | | (277) | | | 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total held-to-maturity | $ | 39 | | | $ | — | | | $ | 30,575 | | | $ | (5,605) | | | $ | 30,614 | | | $ | (5,605) | | | 24 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less than 12 months | | 12 months or longer | | Total | | Estimated
Fair
Value | | Unrealized
Losses | | Estimated
Fair
Value | | Unrealized
Losses | | Estimated
Fair
Value | | Unrealized
Losses | | Number
of
Securities | | December 31, 2023 | | | | | | | | | | | | | | | Available-for-sale: | | | | | | | | | | | | | | | U.S. treasury | $ | — | | | $ | — | | | $ | 54,234 | | | $ | (4,234) | | | $ | 54,234 | | | $ | (4,234) | | | 9 | | | U.S. agency | — | | | — | | | 1,839 | | | (33) | | | 1,839 | | | (33) | | | 7 | | | Obligations of states and political subdivisions | — | | | — | | | 25,970 | | | (4,009) | | | 25,970 | | | (4,009) | | | 19 | | | Mortgage backed - residential | — | | | — | | | 100,571 | | | (14,974) | | | 100,571 | | | (14,974) | | | 83 | | | Collateralized mortgage obligations | — | | | — | | | 181,533 | | | (21,861) | | | 181,533 | | | (21,861) | | | 65 | | | Mortgage backed - commercial | 4,721 | | | (27) | | | 114,625 | | | (14,340) | | | 119,346 | | | (14,367) | | | 24 | | | Other debt | — | | | — | | | 15,556 | | | (1,236) | | | 15,556 | | | (1,236) | | | 9 | | | Total available-for-sale | $ | 4,721 | | | $ | (27) | | | $ | 494,328 | | | $ | (60,687) | | | $ | 499,049 | | | $ | (60,714) | | | 216 | | | Held-to-maturity: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | $ | — | | | $ | — | | | $ | 21,223 | | | $ | (3,987) | | | $ | 21,223 | | | $ | (3,987) | | | 8 | | Mortgage backed - residential | — | | | — | | | 6,845 | | | (560) | | | 6,845 | | | (560) | | | 10 | | Collateralized mortgage obligations | — | | | — | | | 3,633 | | | (260) | | | 3,633 | | | (260) | | | 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total held-to-maturity | $ | — | | | $ | — | | | $ | 31,701 | | | $ | (4,807) | | | $ | 31,701 | | | $ | (4,807) | | | 23 |
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| Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity |
| | | | | | | | | | | | | Amortized
Cost | | Estimated
Fair
Value | | Available-for-sale: | | | | | Due within 1 year | $ | 21,211 | | | $ | 16,965 | | | Due after 1 year through 5 years | 72,081 | | | 67,132 | | | Due after 5 years through 10 years | 143,052 | | | 126,628 | | | Due after 10 years | 330,370 | | | 288,353 | | | Total available-for-sale | $ | 566,714 | | | $ | 499,078 | | | Held-to-maturity: | | | | | | | | | Due after 1 year through 5 years | $ | 949 | | | $ | 920 | | | Due after 5 years through 10 years | 720 | | | 688 | | | Due after 10 years | 34,971 | | | 29,427 | | | Total held-to-maturity | $ | 36,640 | | | $ | 31,035 | |
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