Securities (Tables)

12 Months Ended

Dec. 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		Fair Value
2022
U.S. Treasury	$	64,097	$	22	$	—	$	64,119
Obligations of State and Political Subdivisions	939,193		673		(162,014)		777,852
MBS/CMO	846,519		—		(131,838)		714,681
US Gov’t Sponsored Entities & Agencies	245,017		—		(40,000)		205,017
Total	$	2,094,826	$	695	$	(333,852)	$	1,761,669
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 December 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. 

	Amortized Cost		Fair Value
Securities Available-for-Sale:
Due in one year or less	$	67,363	$	67,383
Due after one year through five years	15,449		15,496
Due after five years through ten years	55,747		53,536
Due after ten years	864,731		705,556
MBS/CMO	846,519		714,681
US Gov’t Sponsored Entities & Agencies	245,017		205,017
Total	$	2,094,826	$	1,761,669

Schedule of Proceeds from the Sales of Securities

	2022		2021		2020
Proceeds from the Sales of Securities are summarized below:	Available- for-Sale		Available- for-Sale		Available- for-Sale
Proceeds from Sales	$	145,237	$	111,124	$	125,106
Gross Gains on Sales	562		2,247		4,081
Income Taxes on Gross Gains	118		472		857

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as December 31, 2022 and 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
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
December 31, 2022
Obligations of State and Political Subdivisions	$	579,267	$	(117,423)	$	122,992	$	(44,591)	$	702,259	$	(162,014)
MBS/CMO	240,344		(20,920)		474,327		(110,918)		714,671		(131,838)
US Gov’t Sponsored Entities & Agencies	198,702		(38,818)		6,314		(1,182)		205,016		(40,000)
Total	$	1,018,313	$	(177,161)	$	603,633	$	(156,691)	$	1,621,946	$	(333,852)

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
December 31, 2021
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)