Investments (Tables)
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9 Months Ended |
Sep. 30, 2022 |
Investments [Abstract] |
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Unrealized Gain (Loss) On Investments |
| | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | | | | Gross | | Gross | | | | | | Amortized | | unrealized | | unrealized | | Fair | September 30, 2022 | | cost | | gains | | losses | | value | U.S. Treasury | | $ | 92,305 | | $ | — | | $ | (12,396) | | $ | 79,909 | Municipal | | | 203,370 | | | 24 | | | (34,133) | | | 169,261 | Corporate | | | 26,311 | | | — | | | (1,689) | | | 24,622 | Agency mortgage & asset-backed | | | 169,537 | | | 38 | | | (12,555) | | | 157,020 | Non-Agency mortgage & asset-backed | | | 65,471 | | | 2 | | | (4,253) | | | 61,220 | Total | | $ | 556,994 | | $ | 64 | | $ | (65,026) | | $ | 492,032 |
| | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | | | | Gross | | Gross | | | | | | Amortized | | unrealized | | unrealized | | Fair | December 31, 2021 | | cost | | gains | | losses | | value | U.S. Treasury | | $ | 84,896 | | $ | 88 | | $ | (698) | | $ | 84,286 | Municipal | | | 206,501 | | | 7,148 | | | (1,422) | | | 212,227 | Corporate | | | 24,794 | | | 333 | | | (188) | | | 24,939 | Agency mortgage & asset-backed | | | 178,614 | | | 1,157 | | | (2,086) | | | 177,685 | Non-Agency mortgage & asset-backed | | | 30,912 | | | 34 | | | (272) | | | 30,674 | Total | | $ | 525,717 | | $ | 8,760 | | $ | (4,666) | | $ | 529,811 |
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Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity |
| | | | | | | | | | | | | | (Dollars in thousands) | | Amortized cost | | Fair value | Due in one year or less | | $ | 3,971 | | $ | 3,942 | Due after one year through five years | | | 14,689 | | | 14,121 | Due after five years through ten years | | | 150,057 | | | 130,188 | Due after ten years | | | 153,269 | | | 125,541 | | | | 321,986 | | | 273,792 | Mortgage & asset-backed | | | 235,008 | | | 218,240 | | | $ | 556,994 | | $ | 492,032 |
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Schedule Of Gain (Loss) On Investments |
| | | | | | | | | | | | | | | For the Three Months Ended | | For the Nine Months Ended | | | September 30, | | September 30, | (Dollars in thousands) | | 2022 | | 2021 | | 2022 | | 2021 | Proceeds | | $ | 1,000 | | $ | — | | $ | 1,082 | | $ | 16,060 | Gross gains realized | | | — | | | — | | | — | | | 169 | Gross losses realized | | | (15) | | | — | | | (34) | | | (78) | Net (losses) gains realized | | $ | (15) | | $ | — | | $ | (34) | | $ | 91 | | | | | | | | | | | | | | Tax benefit (provision) on net (losses) gains realized | | $ | 3 | | $ | — | | $ | 7 | | $ | (19) |
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Schedule Of Unrealized Loss On Investments |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | Less than 12 months | | 12 months or more | | Total | | Fair | | Unrealized | | | | Fair | | Unrealized | | | | Fair | | Unrealized | | | (Dollars in thousands) | Value | | Losses | | Count | | Value | | Losses | | Count | | Value | | Losses | | Count | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Treasury | $ | 16,836 | | $ | (1,864) | | 11 | | $ | 63,073 | | $ | (10,532) | | 19 | | $ | 79,909 | | $ | (12,396) | | 30 | Municipal | | 132,404 | | | (22,568) | | 167 | | | 34,527 | | | (11,565) | | 49 | | | 166,931 | | | (34,133) | | 216 | Corporate | | 15,560 | | | (1,053) | | 31 | | | 7,412 | | | (636) | | 15 | | | 22,972 | | | (1,689) | | 46 | Agency mortgage & asset-backed | | 67,183 | | | (3,158) | | 158 | | | 80,796 | | | (9,397) | | 89 | | | 147,979 | | | (12,555) | | 247 | Non-Agency mortgage & asset-backed | | 45,802 | | | (2,962) | | 47 | | | 11,762 | | | (1,291) | | 13 | | | 57,564 | | | (4,253) | | 60 | Total temporarily impaired | $ | 277,785 | | $ | (31,605) | | 414 | | $ | 197,570 | | $ | (33,421) | | 185 | | $ | 475,355 | | $ | (65,026) | | 599 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Less than 12 months | | 12 months or more | | Total | | Fair | | Unrealized | | | | Fair | | Unrealized | | | | Fair | | Unrealized | | | (Dollars in thousands) | Value | | Losses | | Count | | Value | | Losses | | Count | | Value | | Losses | | Count | | | | | | | | | | | | | | | | | | | | | | | | | U.S. Treasury | $ | 76,383 | | $ | (698) | | 21 | | $ | — | | $ | — | | — | | $ | 76,383 | | $ | (698) | | 21 | Municipal | | 38,997 | | | (910) | | 44 | | | 15,404 | | | (512) | | 16 | | | 54,401 | | | (1,422) | | 60 | Corporate | | 8,954 | | | (132) | | 17 | | | 1,694 | | | (56) | | 3 | | | 10,648 | | | (188) | | 20 | Agency mortgage & asset-backed | | 96,923 | | | (1,669) | | 94 | | | 15,991 | | | (417) | | 18 | | | 112,914 | | | (2,086) | | 112 | Non-Agency mortgage & asset-backed | | 15,215 | | | (215) | | 11 | | | 1,964 | | | (57) | | 3 | | | 17,179 | | | (272) | | 14 | Total temporarily impaired | $ | 236,472 | | $ | (3,624) | | 187 | | $ | 35,053 | | $ | (1,042) | | 40 | | $ | 271,525 | | $ | (4,666) | | 227 |
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Other Than Temporary Impairment, Credit Losses Recognized In Earnings |
| | | | | | | | | | | | | | | | Nine Months Ended | (Dollars in thousands) | | September 30, | | | 2022 | | 2021 | Balance of cumulative credit-related OTTI at January 1 | | $ | 257 | | $ | 272 | Decreases for previously recognized credit losses on securities that paid off or sold | | | (257) | | | (15) | Balance of credit-related OTTI at September 30 | | $ | — | | $ | 257 | | | | | | | |
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