Securities (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Available for Sale Debt Securities

AFS debt securities at December 31, 2023 and 2022 were as follows: 

	December 31, 2023
	Amortized		Gross Unrealized				Allowance For		Fair
	Cost		Gains		Losses		Credit Losses		Value
U.S. Gov’t sponsored entities	$	5,024	$	—	$	(36)	$	—	$	4,988
State & political subdivisions	105,102		22		(13,315)		—		91,809
Residential & multi-family mortgage	225,871		1		(34,353)		—		191,519
Corporate notes & bonds	48,459		13		(5,333)		—		43,139
Pooled SBA	11,347		—		(847)		—		10,500
Total	$	395,803	$	36	$	(53,884)	$	—	$	341,955

	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

Information pertaining to security sales is as follows:

Year ended December 31	Proceeds		Gross Gains		Gross Losses
2023	$	13,151	$	52	$	—
2022	22,164		651		—
2021	33,553		783		—

Schedule of Held-To-Maturity Debt Securities

HTM debt securities at December 31, 2023 and 2022 are as follows:

	December 31, 2023
	Amortized		Gross Unrealized				Allowance For		Fair
	Cost		Gains		Losses		Credit Losses		Value
U.S. Gov’t sponsored entities	$	302,945	$	—	$	(19,038)	$	—	$	283,907
Residential & multi-family mortgage	86,023		—		(9,360)		—		76,663
Total	$	388,968	$	—	$	(28,398)	$	—	$	360,570

	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

HTM debt securities with unrealized losses at December 31, 2023 and 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

December 31, 2023	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	$	—	$	—	$	283,907	$	(19,038)	$	283,907	$	(19,038)
Residential & multi-family mortgage	—		—		76,663		(9,360)		76,663		(9,360)
Total	$	—	$	—	$	360,570	$	(28,398)	$	360,570	$	(28,398)

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)
State & political subdivisions	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)

Schedule of Contractual Maturity of Securities Available for Sale and Held-To-Maturity, Excluding Equity Securities

The following is a schedule of the contractual maturity of AFS and HTM debt securities, excluding equity securities, at December 31, 2023:

	Available-for-sale				Held-to-maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
1 year or less	$	13,023	$	12,902	$	68,745	$	67,413
1 year – 5 years	40,995		38,750		188,794		177,158
5 years – 10 years	83,131		72,006		45,406		39,336
After 10 years	21,436		16,278		—		—
	158,585		139,936		302,945		283,907
Residential and multi-family mortgage	225,871		191,519		86,023		76,663
Pooled SBA	11,347		10,500		—		—
Total debt securities	$	395,803	$	341,955	$	388,968	$	360,570

Schedule of AFS with Unrealized Loss Position

AFS debt securities with unrealized losses at December 31, 2023 and 2022, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

December 31, 2023	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	$	2,487	$	(1)	$	1,956	$	(35)	$	4,443	$	(36)
State & political subdivisions	749		—		84,828		(13,315)		85,577		(13,315)
Residential & multi-family mortgage	—		—		191,436		(34,353)		191,436		(34,353)
Corporate notes & bonds	978		(22)		41,488		(5,311)		42,466		(5,333)
Pooled SBA	—		—		10,409		(847)		10,409		(847)
Total	$	4,214	$	(23)	$	330,117	$	(53,861)	$	334,331	$	(53,884)

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 and 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)

Schedule of Trading Securities

Equity securities at December 31, 2023 and 2022 were as follows:

	December 31, 2023		December 31, 2022
Corporate equity securities	$	5,341	$	6,973
Mutual funds	2,223		1,406
Money market	1,103		479
Corporate notes	634		757
Total	$	9,301	$	9,615