Securities (Tables)

12 Months Ended

Dec. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Securities Available-for-Sale

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale were as follows:

Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
2021
Obligations of State and Political Subdivisions	$	896,048	$	31,138	$	(1,480)	$	925,706
MBS/CMO	797,693		4,738		(10,481)		791,950
US Gov’t Sponsored Entities & Agencies	175,457		192		(3,688)		171,961
Total	$	1,869,198	$	36,068	$	(15,649)	$	1,889,617
2020
Obligations of State and Political Subdivisions	$	548,273	$	33,077	$	(103)	$	581,247
MBS/CMO	535,526		12,806		(25)		548,307
US Gov’t Sponsored Entities & Agencies	88,376		120		(198)		88,298
Total	$	1,172,175	$	46,003	$	(326)	$	1,217,852

Schedule of Securities by Contractual Maturity

The amortized cost and fair value of securities at December 31, 2021 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed securities are not due at a single maturity date and are shown separately. 

	Amortized Cost		Fair Value
Securities Available-for-Sale:
Due in one year or less	$	2,806	$	2,844
Due after one year through five years	18,670		19,395
Due after five years through ten years	70,964		75,685
Due after ten years	803,608		827,782
MBS/CMO	797,693		791,950
US Gov’t Sponsored Entities & Agencies	175,457		171,961
Total	$	1,869,198	$	1,889,617

Schedule of Proceeds from the Sales of Securities

	2021		2020		2019
Proceeds from the Sales of Securities are summarized below:	Available- for-Sale		Available- for-Sale		Available- for-Sale
Proceeds from Sales	$	111,124	$	125,106	$	82,601
Gross Gains on Sales	2,247		4,081		1,248
Income Taxes on Gross Gains	472		857		262

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of year-end 2021 and 2020, presented by length of time the securities have been in a continuous unrealized loss position: 

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
December 31, 2021
Obligations of State and Political Subdivisions	$	165,210	$	(1,386)	$	1,500	$	(94)	$	166,710	$	(1,480)
MBS/CMO	467,888		(9,100)		36,827		(1,381)		504,715		(10,481)
US Gov’t Sponsored Entities & Agencies	126,103		(3,480)		7,288		(208)		133,391		(3,688)
Total	$	759,201	$	(13,966)	$	45,615	$	(1,683)	$	804,816	$	(15,649)

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
December 31, 2020
Obligations of State and Political Subdivisions	$	10,652	$	(103)	$	—	$	—	$	10,652	$	(103)
MBS/CMO	19,631		(25)		—		—		19,631		(25)
US Gov’t Sponsored Entities & Agencies	59,054		(198)		—		—		59,054		(198)
Total	$	89,337	$	(326)	$	—	$	—	$	89,337	$	(326)