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INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity
The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity, along with gross unrealized gains and losses are summarized as follows:

(dollars in thousands)
December 31, 2024
 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Available-for-Sale:    
U.S. treasury securities$3,173 $— $— $3,173 
U.S. agency securities3,001 — (246)2,755 
Asset backed securities17,925 17 (118)17,824 
State, county & municipal securities110,952 — (15,315)95,637 
Corporate debt securities53,324 (5,543)47,782 
Mortgage-backed securities221,005 207 (22,334)198,878 
Total$409,380 $225 $(43,556)$366,049 
December 31, 2024 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Held-to-Maturity:
U.S. treasury securities$91,004 $— $(2,828)$88,176 
U.S. agency securities16,151 — (1,263)14,888 
State, county & municipal securities137,190 — (15,915)121,275 
Mortgage-backed securities185,732 — (27,051)158,681 
Total$430,077 $— $(47,057)$383,020 
December 31, 2023
 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Available-for-Sale:    
U.S. treasury securities$500 $— $(2)$498 
U.S. agency securities4,500 — (361)4,139 
Asset backed securities25,035 — (405)24,630 
State, county & municipal securities124,524 (15,494)109,036 
Corporate debt securities53,834 16 (6,460)47,390 
Mortgage-backed securities246,901 36 (25,248)221,689 
Total$455,294 $58 $(47,970)$407,382 
December 31, 2023 
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
 
Fair
Value
Securities Held-to-Maturity:
U.S. treasury securities$93,306 $— $(3,212)$90,094 
U.S. agency securities16,282 — (1,424)14,858 
State, county & municipal securities136,685 356 (13,859)123,182 
Mortgage-backed securities202,758 — (25,316)177,442 
Total$449,031 $356 $(43,811)$405,576 
Schedule of Continuous Unrealized Loss Position
Information pertaining to available-for-sale securities with gross unrealized losses at December 31, 2024 and December 31, 2023 aggregated by investment category and length of time that securities have been in a continuous unrealized loss position are summarized as follows:
 Less Than 12 Months12 Months or MoreTotal
(dollars in thousands)Estimated
Fair
Value
 
Unrealized
Losses
Estimated
Fair
Value
 
Unrealized
Losses
Estimated
Fair
Value
 
Unrealized
Losses
December 31, 2024      
U.S. agency securities— — 2,755 (246)2,755 (246)
Asset backed securities3,715 (8)8,269 (110)11,984 (118)
State, county & municipal securities2,829 (294)92,808 (15,021)95,637 (15,315)
Corporate debt securities4,434 (720)42,847 (4,823)47,281 (5,543)
Mortgage-backed securities21,278 (430)160,343 (21,904)181,621 (22,334)
Total debt securities$32,256 $(1,452)$307,022 $(42,104)$339,278 $(43,556)
December 31, 2023
U.S. treasury securities$— $— $498 $(2)$498 $(2)
U.S. agency securities— — 4,139 (361)4,139 (361)
Asset backed securities6,196 (75)17,424 (330)23,620 $(405)
State, county & municipal securities1,033 (138)107,443 (15,356)108,476 $(15,494)
Corporate debt securities1,446 (105)45,044 (6,355)46,490 (6,460)
Mortgage-backed securities5,921 (49)212,876 (25,199)218,797 (25,248)
Total debt securities$14,596 $(367)$387,424 $(47,603)$402,020 $(47,970)
 

Information pertaining to held-to-maturity securities with gross unrealized losses at December 31, 2024 and December 31, 2023 aggregated by investment category and length of time that individual securities have been in a continuous loss position is summarized as follows:

Less Than 12 Months12 Months or GreaterTotal
(dollars in thousands)Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
December 31, 2024
U.S. treasury securities$— $— $88,176 $(2,828)$88,176 $(2,828)
U.S. agency securities— — 14,888 (1,263)14,888 (1,263)
State, county & municipal securities18,751 (374)102,524 (15,541)121,275 (15,915)
Mortgage-backed securities— — 158,681 (27,051)158,681 (27,051)
$18,751 $(374)$364,269 $(46,683)$383,020 $(47,057)
December 31, 2023
U.S. treasury securities$— $— $90,094 $(3,212)$90,094 $(3,212)
U.S. agency securities— — 14,858 (1,424)14,858 (1,424)
State, county & municipal securities1,461 (78)103,500 (13,781)104,961 (13,859)
Mortgage-backed securities— — 177,442 (25,316)177,442 (25,316)
$1,461 $(78)$385,894 $(43,733)$387,355 $(43,811)
Schedule of Mortgage-Backed Securities This is often the case with mortgage-backed securities, which are disclosed separately in the table below.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in one year or less$5,173 $5,153 $33,647 $33,401 
Due after one year through five years22,330 20,622 71,876 68,754 
Due after five years through ten years92,606 79,917 71,187 62,678 
Due after ten years68,266 61,479 67,635 59,506 
$188,375 $167,171 $244,345 $224,339 
Mortgage-backed securities221,005 198,878 185,732 158,681 
$409,380 $366,049 $430,077 $383,020