Securities (Tables)

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Securities Available-for-Sale

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale were as follows:

Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
March 31, 2022
Obligations of State and Political Subdivisions	$	951,417	$	6,248	$	(77,796)	$	—	$	879,869
MBS/CMO	890,290		451		(62,437)		—		828,304
US Gov’t Sponsored Entities & Agencies	231,206		—		(15,759)		—		215,447
Total	$	2,072,913	$	6,699	$	(155,992)	$	—	$	1,923,620
December 31, 2021
Obligations of State and Political Subdivisions	$	896,048	$	31,138	$	(1,480)	$	—	$	925,706
MBS/CMO	797,693		4,738		(10,481)		—		791,950
US Gov’t Sponsored Entities & Agencies	175,457		192		(3,688)		—		171,961
Total	$	1,869,198	$	36,068	$	(15,649)	$	—	$	1,889,617

Schedule of Securities by Contractual Maturity

The amortized cost and fair value of Securities at March 31, 2022 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed Securities are not due at a single maturity date and are shown separately.

Securities Available-for-Sale:	Amortized Cost		Fair Value
Due in one year or less	$	3,473	$	3,499
Due after one year through five years	20,399		20,755
Due after five years through ten years	76,417		77,310
Due after ten years	851,128		778,305
MBS/CMO	890,290		828,304
US Gov’t Sponsored Entities & Agencies	231,206		215,447
Total	$	2,072,913	$	1,923,620

Schedule of Proceeds from the Sales of Securities

Proceeds from the Sales of Securities are summarized below:

	Three Months Ended		Three Months Ended
	March 31, 2022		March 31, 2021
Proceeds from Sales	$	91,946	$	51,370
Gross Gains on Sales	372		975
Income Taxes on Gross Gains	78		205

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of March 31, 2022 and December 31, 2021, presented by length of time the securities have been in a continuous unrealized loss position:

	Less than 12 Months				12 Months or More				Total
March 31, 2022	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	648,624	$	(75,715)	$	11,405	$	(2,081)	$	660,029	$	(77,796)
MBS/CMO	480,333		(30,102)		285,351		(32,335)		765,684		(62,437)
US Gov’t Sponsored Entities & Agencies	208,572		(15,137)		6,875		(622)		215,447		(15,759)
Total	$	1,337,529	$	(120,954)	$	303,631	$	(35,038)	$	1,641,160	$	(155,992)

	Less than 12 Months				12 Months or More				Total
December 31, 2021	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	165,210	$	(1,386)	$	1,500	$	(94)	$	166,710	$	(1,480)
MBS/CMO	467,888		(9,100)		36,827		(1,381)		504,715		(10,481)
US Gov’t Sponsored Entities & Agencies	126,103		(3,480)		7,288		(208)		133,391		(3,688)
Total	$	759,201	$	(13,966)	$	45,615	$	(1,683)	$	804,816	$	(15,649)