Securities (Tables)

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Securities Available for Sale

Securities AFS at December 31, 2022 and 2021 were as follows: 

	December 31, 2022
	Amortized		Gross Unrealized				Allowance For		Fair
	Cost		Gains		Losses		Credit Losses		Value
U.S. Gov’t sponsored entities	$	3,213	$	—	$	(84)	$	—	$	3,129
State & political subdivisions	112,734		24		(17,095)		—		95,663
Residential & multi-family mortgage	256,111		—		(38,564)		—		217,547
Corporate notes & bonds	47,111		—		(4,720)		—		42,391
Pooled SBA	13,823		—		(1,144)		—		12,679
Total	$	432,992	$	24	$	(61,607)	$	—	$	371,409

	December 31, 2021
	Amortized		Gross Unrealized				Allowance For		Fair
	Cost		Gains		Losses		Credit Losses		Value
U.S. Gov’t sponsored entities	$	110,788	$	2,728	$	(1,768)	$	—	$	111,748
State & political subdivisions	103,232		2,162		(1,682)		—		103,712
Residential & multi-family mortgage	437,021		4,127		(6,513)		—		434,635
Corporate notes & bonds	28,257		250		(443)		—		28,064
Pooled SBA	18,787		283		(38)		—		19,032
Total	$	698,085	$	9,550	$	(10,444)	$	—	$	697,191

Information pertaining to security sales is as follows:

Year ended December 31	Proceeds		Gross Gains		Gross Losses
2022	$	22,164	$	651	$	—
2021	33,553		783		—
2020	57,185		2,257		67

Schedule of Securities Held-To-Maturity

Debt securities HTM at December 31, 2022 and 2021 are as follows:

	December 31, 2022
	Amortized		Gross Unrealized				Allowance For		Fair
	Cost		Gains		Losses		Credit Losses		Value
U.S. Gov’t sponsored entities	$	307,711	$	—	$	(27,276)	$	—	$	280,435
Residential & multi-family mortgage	97,054		—		(10,101)		—		86,953
Total	$	404,765	$	—	$	(37,377)	$	—	$	367,388

	December 31, 2021
	Amortized		Gross Unrealized				Allowance For		Fair
	Cost		Gains		Losses		Credit Losses		Value
U.S. Gov’t sponsored entities	$	—	$	—	$	—	$	—	$	—
Residential & multi-family mortgage	—		—		—		—		—
Total	$	—	$	—	$	—	$	—	$	—

HTM debt securities with unrealized losses at December 31, 2022 and 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

December 31, 2022	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	143,556	$	(10,063)	$	136,879	$	(17,213)	$	280,435	$	(27,276)
Residential & multi-family mortgage	24,132		(2,253)		62,821		(7,848)		86,953		(10,101)
Total	$	167,688	$	(12,316)	$	199,700	$	(25,061)	$	367,388	$	(37,377)

December 31, 2021

Less than 12 Months

12 Months or More

Total

Description of Securities

Fair Value

Unrealized Loss

Fair Value

Unrealized Loss

Fair Value

Unrealized Loss

U.S. Gov’t sponsored entities

$

—

$

—

$

—

$

—

$

—

$

—

State & political subdivisions

—

—

—

—

—

—

Total

$

—

$

—

$

—

$

—

$

—

$

—

Schedule of Contractual Maturity of Securities Available for Sale, Excluding Equity Securities

The following is a schedule of the contractual maturity of securities AFS and HTM, excluding equity securities, at December 31, 2022:

	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
1 year or less	$	4,693	$	4,661	$	5,058	$	4,966
1 year – 5 years	43,759		41,340		242,927		225,060
5 years – 10 years	90,489		77,501		59,726		50,409
After 10 years	24,117		17,681		—		—
	163,058		141,183		307,711		280,435
Residential and multi-family mortgage	256,111		217,547		97,054		86,953
Pooled SBA	13,823		12,679		—		—
Total debt securities	$	432,992	$	371,409	$	404,765	$	367,388

Schedule of AFS with Unrealized Loss Position

AFS debt securities with unrealized losses at December 31, 2022 and 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

December 31, 2022	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	3,129	$	(84)	$	—	$	—	$	3,129	$	(84)
State & political subdivisions	34,667		(1,887)		54,546		(15,208)		89,213		(17,095)
Residential & multi-family mortgage	48,996		(3,122)		168,551		(35,442)		217,547		(38,564)
Corporate notes & bonds	31,730		(3,403)		10,661		(1,317)		42,391		(4,720)
Pooled SBA	5,107		(314)		7,572		(830)		12,679		(1,144)
Total	$	123,629	$	(8,810)	$	241,330	$	(52,797)	$	364,959	$	(61,607)

December 31, 2021	Less than 12 Months				12 Months or More				Total
Description of Securities	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. Gov’t sponsored entities	$	23,733	$	(553)	$	37,911	$	(1,215)	$	61,644	$	(1,768)
State & political subdivisions	55,636		(1,399)		5,026		(283)		60,662		(1,682)
Residential and multi-family mortgage	248,690		(4,837)		45,185		(1,676)		293,875		(6,513)
Corporate notes & bonds	6,466		(249)		3,806		(194)		10,272		(443)
Pooled SBA	4,394		(37)		127		(1)		4,521		(38)
Total	$	338,919	$	(7,075)	$	92,055	$	(3,369)	$	430,974	$	(10,444)

Schedule of Trading Securities

Equity securities at December 31, 2022 and 2021 were as follows:

	December 31, 2022		December 31, 2021
Corporate equity securities	$	6,973	$	6,715
Mutual funds	1,406		2,566
Money market	479		506
Corporate notes	757		579
Total	$	9,615	$	10,366