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Investments (Tables)
12 Months Ended
Dec. 31, 2023
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

December 31, 2023

cost

gains

losses

value

U.S. Treasury

$

83,494

$

$

(9,403)

$

74,091

Municipal

161,339

(22,721)

138,618

Corporate

26,336

(3,138)

23,198

Agency mortgage & asset-backed

142,565

90

(10,064)

132,591

Non-Agency mortgage & asset-backed

108,185

48

(4,228)

104,005

Total

$

521,919

$

138

$

(49,554)

$

472,503

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

December 31, 2022

cost

gains

losses

value

U.S. Treasury

$

101,980

$

$

(11,723)

$

90,257

Municipal

186,007

14

(30,566)

155,455

Corporate

26,316

(2,077)

24,239

Agency mortgage & asset-backed

163,274

19

(12,358)

150,935

Non-Agency mortgage & asset-backed

70,756

1

(4,807)

65,950

Total

$

548,333

$

34

$

(61,531)

$

486,836

Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity

(Dollars in thousands)

Amortized
cost

Fair
value

Due in one year or less

$

$

Due after one year through five years

61,341

55,072

Due after five years through ten years

101,953

88,740

Due after ten years

107,875

92,095

271,169

235,907

Mortgage-backed and asset-backed

250,750

236,596

Total

$

521,919

$

472,503

Composition Of Net Realized Securities Gains (Losses)

(Dollars in thousands)

2023

2022

Proceeds

$

40,113

$

19,629

Gross gains realized

12

61

Gross losses realized

(1,131)

(152)

Net (losses)/gains realized

$

(1,119)

$

(91)

Tax provision on net (losses)/gains realized

$

235

$

19

Schedule Of Unrealized Loss On Investments

December 31, 2023

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

$

$

$

74,091 

$

(9,403)

28 

$

74,091 

$

(9,403)

28 

Municipal

138,618 

(22,721)

168 

138,618 

(22,721)

168 

Corporate

1,483 

(167)

5 

21,715 

(2,971)

46 

23,198 

(3,138)

51 

Agency mortgage & asset-backed

6,227 

(186)

19 

118,053 

(9,878)

223 

124,280 

(10,064)

242 

Non-Agency mortgage & asset-backed

47,928 

(560)

19 

50,071 

(3,668)

56 

97,999 

(4,228)

75 

Total temporarily impaired

$

55,638 

$

(913)

43 

$

402,548 

$

(48,641)

521 

$

458,186 

$

(49,554)

564 

December 31, 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

$

17,598 

$

(183)

3 

$

72,659 

$

(11,540)

28 

$

90,257 

$

(11,723)

31 

Municipal

73,644 

(9,586)

90 

80,503 

(20,981)

104 

154,147 

(30,566)

194 

Corporate

12,221 

(851)

25 

10,368 

(1,226)

21 

22,589 

(2,077)

46 

Agency mortgage & asset-backed

55,393 

(2,747)

139 

88,953 

(9,611)

113 

144,346 

(12,358)

252 

Non-Agency mortgage & asset-backed

49,301 

(3,092)

52 

14,207 

(1,715)

16 

63,508 

(4,807)

68 

Total temporarily impaired

$

208,157 

$

(16,459)

309 

$

266,690 

$

(45,072)

282 

$

474,847 

$

(61,531)

591