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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale
Amortized cost and estimated fair value of securities available for sale are as follows (in thousands):
 June 30, 2023
 Amortized CostUnrealized GainsUnrealized LossesAllowance for Credit LossesEstimated Fair Value
U.S. Treasury notes and bonds$62,156 $— $5,959 $— $56,197 
Mortgage-backed securities, residential497,995 — 80,630 — 417,365 
Obligations of states and political subdivisions39,568 985 — 38,584 
Corporate bonds and notes25,750 — 5,879 — 19,871 
SBA loan pools74,784 112 2,600 — 72,296 
Total$700,253 $113 $96,053 $— $604,313 

 December 31, 2022
 Amortized CostUnrealized GainsUnrealized LossesEstimated Fair Value
U.S. Treasury notes and bonds$61,800 $— $6,225 $55,574 
Mortgage-backed securities, residential518,838 — 83,707 435,131 
Obligations of states and political subdivisions39,828 938 38,892 
Corporate bonds and notes25,750 — 3,780 21,970 
SBA loan pools82,982 155 2,116 81,022 
Total$729,198 $157 $96,766 $632,589 
Schedule of Amortized Cost and Estimated Fair Value of Securities Held to Maturity
Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands):
 June 30, 2023
 Amortized CostUnrecognized GainsUnrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$824 $— $— $— $824 
Time deposits with other financial institutions980 — 26 — 954 
Total$1,804 $— $26 $— $1,778 

 December 31, 2022
 Amortized CostUnrecognized GainsUnrecognized LossesEstimated Fair Value
Obligations of states and political subdivisions$952 $— $— $952 
Time deposits with other financial institutions1,472 — 22 1,450 
Total$2,424 $— $22 $2,402 
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity Securities not due at a single maturity date are shown separately (in thousands):
June 30, 2023
Available for SaleHeld to Maturity
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
Within one year$5,804 $5,732 $284 $283 
After one, but within five years103,670 94,774 880 855 
After five, but within ten years17,531 13,698 640 640 
After ten years469 448 — — 
127,474 114,652 1,804 1,778 
Mortgage-backed securities, residential497,995 417,365 — — 
SBA loan pools74,784 72,296 — — 
Total$700,253 $604,313 $1,804 $1,778 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables summarize the investment securities available for sale with unrealized losses at June 30, 2023 and December 31, 2022 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands):
 Less than 12 months12 months or longerTotal
June 30, 2023Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasury notes and bonds$1,920 $19 $54,277 $5,940 $56,197 $5,959 
Mortgage-backed securities, residential6,705 616 410,660 80,014 417,365 80,630 
Obligations of states and political subdivisions25,467 485 13,006 500 38,473 985 
Corporate bonds and notes6,939 3,061 12,932 2,818 19,871 5,879 
SBA loan pools8,249 24 53,991 2,576 62,240 2,600 
Total temporarily impaired securities$49,280 $4,205 $544,866 $91,848 $594,146 $96,053 

 Less than 12 months12 months or longerTotal
December 31, 2022Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
U.S. Treasury notes and bonds$1,011 $30 $54,563 $6,195 $55,574 $6,225 
Mortgage-backed securities, residential79,891 7,621 355,240 76,086 435,131 83,707 
Obligations of states and political subdivisions37,847 938 — — 37,847 938 
Corporate bonds and notes4,515 485 7,455 3,295 11,970 3,780 
SBA loan pools14,333 925 51,123 1,191 65,456 2,116 
Total temporarily impaired securities$137,597 $9,999 $468,381 $86,767 $605,978 $96,766