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Securities (Tables)
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities Available for Sale
The amortized cost and estimated fair value of securities AFS are summarized in the following tables:
December 31, 2021
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$386,874 $1,112 $(8,460)$379,526 
Municipal bonds227,248 3,665 (942)229,971 
U.S. Treasury securities41,770 — (154)41,616 
U.S. agency securities8,062 61 (58)8,065 
Total Securities AFS$663,954 $4,838 $(9,614)$659,178 
December 31, 2020
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$271,709 $3,450 $(332)$274,827 
Municipal bonds207,834 5,498 (51)213,281 
U.S. Treasury securities— — — — 
U.S. agency securities9,902 200 (4)10,098 
Total Securities AFS$489,445 $9,148 $(387)$498,206 
Schedule of Maturities of Securities Available for Sale
The amortized cost and estimated fair value of debt securities as of December 31, 2021, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties.
(in thousands)Amortized
Cost
Fair
Value
Within one year$9,819 $9,886 
After one year but within five years71,026 71,293 
After five years but within ten years65,419 65,956 
After ten years517,690 512,043 
Total$663,954 $659,178 
Schedule of Debt Securities Available for Sale in Unrealized Loss Position
Information pertaining to securities with gross unrealized losses as of December 31, 2021 and December 31, 2020, aggregated by investment category and length of time that individual securities have been in a continuous loss position is described as follows:
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
December 31, 2021
Securities AFS:
Mortgage-backed securities$(6,627)$282,705 $(1,833)$47,171 
Municipal bonds(918)51,333 (24)2,577 
U.S. Treasury securities(154)41,616 — — 
U.S. agency securities(58)4,913 — — 
Total Securities AFS$(7,757)$380,567 $(1,857)$49,748 
December 31, 2020
Securities AFS:
Mortgage-backed securities$(332)$72,367 $— $— 
Municipal bonds(51)9,466 — — 
U.S. Treasury securities— — — — 
U.S. agency securities(4)4,996 — — 
Total Securities AFS$(387)$86,829 $— $— 
Schedule of Proceeds From Sales of Securities AFS and Gross Gain (Loss)
The proceeds from sales and calls of securities AFS and their gross gain (loss) for the years ended December 31, 2021 and 2020, are shown below:
Years Ended December 31,
(in thousands)20212020
Proceeds (1)
$120,374 $151,253 
Gross gain859 1,723 
Gross loss(665)(282)
(1)The proceeds include the gross gain and loss.