Securities (Tables)

6 Months Ended

Jun. 30, 2024

Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

	June 30, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	83,822	$	—	$	(8,383)	$	75,439
U.S. Government-sponsored enterprises (GSEs)		45,426		735		(126)		46,035
Municipal securities		18,364		46		(592)		17,818
Other debt securities		42,229		174		(3,410)		38,993
Mortgage-backed securities (GSEs)		344,087		897		(22,448)		322,536
Total	$	533,928	$	1,852	$	(34,959)	$	500,821

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Available-for-sale:	Cost		Gains		Losses		Value
U.S. Treasury	$	84,307	$	—	$	(8,274)	$	76,033
U.S. Government-sponsored enterprises (GSEs)		46,983		1,256		(146)		48,093
Municipal securities		18,616		135		(475)		18,276
Other debt securities		36,863		93		(3,887)		33,069
Mortgage-backed securities (GSEs)		254,288		588		(21,937)		232,939
Total	$	441,057	$	2,072	$	(34,719)	$	408,410

Schedule of Held-to-maturity Securities Reconciliation

	June 30, 2024
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Government-sponsored enterprises (GSEs)	$	48,730	$	—	$	(7,433)	$	41,297
Municipal securities		52,171		—		(6,838)		45,333
Mortgage-backed securities (GSEs)		28,095		—		(3,902)		24,193
Total	$	128,996	$	—	$	(18,173)	$	110,823

	December 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
Held-to-maturity:	Cost		Gains		Losses		Value
U.S. Treasury	$	150,066	$	—	$	(1,482)	$	148,584
U.S. Government-sponsored enterprises (GSEs)		49,336		—		(7,143)		42,193
Municipal securities		52,680		—		(6,178)		46,502
Mortgage-backed securities (GSEs)		29,154		—		(3,895)		25,259
Total	$	281,236	$	—	$	(18,698)	$	262,538

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at June 30, 2024, by contractual maturity for non-mortgage-backed securities are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	June 30, 2024
	Amortized		Fair
Available-for-sale:	Cost		Value
Due in one year or less	$	2,757	$	2,711
Due from one year to five years		90,095		81,354
Due from five years to ten years		87,123		84,640
Due after ten years		9,866		9,580
		189,841		178,285
Mortgage-backed securities		344,087		322,536
Total	$	533,928	$	500,821
Held-to-maturity:
Due in one year or less	$	—	$	—
Due from one year to five years		740		688
Due from five years to ten years		46,911		40,198
Due after ten years		53,250		45,744
		100,901		86,630
Mortgage-backed securities		28,095		24,193
Total	$	128,996	$	110,823

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities AFS and HTM have been in a continuous unrealized loss position (in thousands):

	June 30, 2024
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Available-for-sale:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	—	$	—	—	$	75,440	$	(8,383)	9	$	75,440	$	(8,383)	9
U.S. Government-sponsored enterprises (GSEs)		9,688		(110)	3		5,562		(16)	5		15,250		(126)	8
Municipal securities		1,404		(21)	3		12,437		(571)	19		13,841		(592)	22
Other debt securities		5,149		(202)	3		29,704		(3,208)	26		34,853		(3,410)	29
Mortgage-backed securities (GSEs)		79,493		(592)	32		174,041		(21,856)	88		253,534		(22,448)	120
Total	$	95,734	$	(925)	41	$	297,184	$	(34,034)	147	$	392,918	$	(34,959)	188
	June 30, 2024
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Held-to-maturity:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Government-sponsored enterprises (GSEs)	$	—	$	—	—	$	41,297	$	(7,433)	13	$	41,297	$	(7,433)	13
Municipal securities		—		—	—		45,333		(6,838)	35		45,333		(6,838)	35
Mortgage-backed securities (GSEs)		—		—	—		24,193		(3,902)	5		24,193		(3,902)	5
Total	$	—	$	—	—	$	110,823	$	(18,173)	53	$	110,823	$	(18,173)	53

	December 31, 2023
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Available-for-sale:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	—	$	—	—	$	76,033	$	(8,274)	9	$	76,033	$	(8,274)	9
U.S. Government-sponsored enterprises (GSEs)		9,743		(137)	3		1,482		(9)	3		11,225		(146)	6
Municipal securities		2,786		(2)	2		9,849		(473)	17		12,635		(475)	19
Other debt securities		2,986		(17)	2		29,057		(3,870)	26		32,043		(3,887)	28
Mortgage-backed securities (GSEs)		16,401		(229)	8		176,351		(21,708)	88		192,752		(21,937)	96
Total	$	31,916	$	(385)	15	$	292,772	$	(34,334)	143	$	324,688	$	(34,719)	158
	December 31, 2023
	Less than 12 Months					12 Months or Greater					Total
			Gross		Number			Gross		Number			Gross		Number
	Fair		Unrealized		of	Fair		Unrealized		of	Fair		Unrealized		of
Held-to-maturity:	Value		Losses		Securities	Value		Losses		Securities	Value		Losses		Securities
U.S. Treasury	$	—	$	—	—	$	148,584	$	(1,482)	4	$	148,584	$	(1,482)	4
U.S. Government-sponsored enterprises (GSEs)		—		—	—		42,194		(7,143)	13		42,194		(7,143)	13
Municipal securities		—		—	—		46,500		(6,178)	35		46,500		(6,178)	35
Mortgage-backed securities (GSEs)		—		—	—		25,258		(3,895)	5		25,258		(3,895)	5
Total	$	—	$	—	—	$	262,536	$	(18,698)	57	$	262,536	$	(18,698)	57

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):

	June 30,		December 31,
	2024		2023
Federal Reserve Bank stock	$	9,398	$	9,526
Federal Home Loan Bank stock		4,032		3,786
First National Bankers Bank stock		350		350
Total	$	13,780	$	13,662