XML 33 R25.htm IDEA: XBRL DOCUMENT v3.23.2
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity along with gross unrealized gains and losses are summarized as follows:
(dollars in thousands)
June 30, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Available for Sale:
U.S. treasury securities$1,494 $— $(16)$1,478 
U.S. agency4,706 — (454)4,252 
Asset backed securities28,462 — (678)27,784 
State, county & municipal securities125,409 — (18,301)107,108 
Corporate debt securities54,701 — (7,965)46,736 
Mortgage-backed securities262,298 3 (28,411)233,890 
Total$477,070 $3 $(55,825)$421,248 
June 30, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Held to Maturity:
U.S. treasury securities$92,454 $— $(4,601)$87,853 
U.S. agency16,345 — (1,766)14,579 
State, county & municipal securities136,407 79 (15,519)120,967 
Mortgage-backed securities208,706 — (27,399)181,307 
Total$453,912 $79 $(49,285)$404,706 
December 31, 2022Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Available for Sale:
U.S. treasury securities$1,644 $— $(22)$1,622 
U.S. agency5,035 — (450)4,585 
Asset backed securities31,468 — (1,480)29,988 
State, county & municipal securities126,119 — (21,363)104,756 
Corporate debt securities54,741 164 (5,320)49,585 
Mortgage-backed securities271,199 9 (29,191)242,017 
Total$490,206 $173 $(57,826)$432,553 
December 31, 2022Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Securities Held to Maturity:
U.S. treasury securities$91,615 $— $(4,149)$87,466 
U.S. agency16,409 — (1,838)14,571 
State, county & municipal securities136,138 32 (19,518)116,652 
Mortgage-backed securities221,696 — (29,121)192,575 
Total$465,858 $32 $(54,626)$411,264 
Schedule of Amortized Cost and Fair Value of Investment Securities by Contractual Maturity This is often the case with mortgage-backed securities, which are disclosed separately in the table below.
Available for SaleHeld to Maturity
(dollars in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$1,665 $1,648 $— $— 
Due after one year through five years14,196 13,020 89,427 84,806 
Due after five years through ten years96,094 81,109 71,551 64,054 
Due after ten years102,817 91,581 84,228 74,539 
$214,772 $187,358 $245,206 $223,399 
Mortgage-backed securities262,298 233,890 208,706 181,307 
$477,070 $421,248 $453,912 $404,706 
Schedule of Continuous Unrealized Loss Position Information pertaining to available-for-sale securities with gross unrealized losses at June 30, 2023 and December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as
follows:
Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
June 30, 2023
U.S. treasury securities$1,282 $(12)$196 $(4)$1,478 $(16)
U.S. agency securities147 (1)4,105 (453)4,252 (454)
Asset backed securities5,910 (19)21,874 (659)27,784 (678)
State, county & municipal securities724 (5)106,384 (18,296)107,108 (18,301)
Corporate debt securities9,021 (1,815)37,716 (6,150)46,737 (7,965)
Mortgage-backed securities19,534 (410)213,801 (28,001)233,335 (28,411)
$36,618 $(2,262)$384,076 $(53,563)$420,694 $(55,825)
December 31, 2022
U.S. treasury securities$1,377 $(17)$245 $(5)$1,622 $(22)
U.S. agency securities3,221 (257)1,364 (193)4,585 (450)
Asset backed securities10,780 (319)19,208 (1,161)29,988 (1,480)
State, county & municipal securities29,284 (3,629)75,472 (17,734)104,756 (21,363)
Corporate debt securities17,258 (1,463)30,651 (3,857)47,909 (5,320)
Mortgage-backed securities122,031 (7,890)119,409 (21,301)241,440 (29,191)
$183,951 $(13,575)$246,349 $(44,251)$430,300 $(57,826)
Information pertaining to held-to-maturity securities with gross unrealized losses at June 30, 2023 and December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows:
Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
June 30, 2023
U.S. treasury securities$— $— $87,853 $(4,601)$87,853 $(4,601)
U.S. agency securities— — 14,579 (1,766)14,579 (1,766)
State, county & municipal securities13,149 (209)101,721 (15,310)114,870 (15,519)
Mortgage-backed securities— — 181,307 (27,399)181,307 (27,399)
$13,149 $(209)$385,460 $(49,076)$398,609 $(49,285)
December 31, 2022
U.S. treasury securities$— $— $87,466 $(4,149)$87,466 $(4,149)
U.S. agency securities— — 14,571 (1,838)14,571 (1,838)
State, county & municipal securities9,858 (1,392)105,734 (18,126)115,592 (19,518)
Mortgage-backed securities13,580 (729)178,995 (28,392)192,575 (29,121)
$23,438 $(2,121)$386,766 $(52,505)$410,204 $(54,626)