Securities (Tables)

6 Months Ended

Jun. 30, 2024

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
June 30, 2024
U.S. Treasury	$	73,564	$	4	$	—	$	73,568
Obligations of State and Political Subdivisions	700,223		3		(124,986)		575,240
MBS/CMO	681,737		11		(113,984)		567,764
US Gov’t Sponsored Entities & Agencies	193,775		—		(36,535)		157,240
Total	$	1,649,299	$	18	$	(275,505)	$	1,373,812
December 31, 2023
U.S. Treasury	$	—	$	—	$	—	$	—
Obligations of State and Political Subdivisions	889,940		1,309		(122,374)		768,875
MBS/CMO	761,025		28		(116,013)		645,040
US Gov’t Sponsored Entities & Agencies	220,295		—		(37,378)		182,917
Total	$	1,871,260	$	1,337	$	(275,765)	$	1,596,832

Schedule of Securities by Contractual Maturity

The amortized cost and fair value of securities available-for-sale at June 30, 2024 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.

Securities Available-for-Sale:	Amortized Cost		Fair Value
Due in one year or less	$	74,490	$	74,490
Due after one year through five years	9,181		9,099
Due after five years through ten years	44,144		39,766
Due after ten years	645,972		525,453
MBS/CMO	681,737		567,764
US Gov’t Sponsored Entities & Agencies	193,775		157,240
Total	$	1,649,299	$	1,373,812

Schedule of Proceeds from the Sales of Securities

Proceeds from the sales of securities are summarized below:

	Three Months Ended		Three Months Ended
	June 30, 2024		June 30, 2023
Proceeds from Sales	$	164,205	$	20,507
Gross Gains on Sales	184		89
Gross Losses on Sales	35,077		51
Income Taxes on Net Gains (Losses)	(7,704)		8

	Six Months Ended		Six Months Ended
	June 30, 2024		June 30, 2023
Proceeds from Sales	$	226,367	$	114,259
Gross Gains on Sales	544		346
Gross Losses on Sales	35,402		306
Income Taxes on Net Gains (Losses)	(7,697)		8

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of June 30, 2024 and December 31, 2023, presented by length of time the securities have been in a continuous unrealized loss position:

	Less than 12 Months				12 Months or More				Total
June 30, 2024	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	14,516	$	(501)	$	558,370	$	(124,485)	$	572,886	$	(124,986)
MBS/CMO	5,919		(37)		560,144		(113,947)		566,063		(113,984)
US Gov’t Sponsored Entities & Agencies	—		—		157,240		(36,535)		157,240		(36,535)
Total	$	20,435	$	(538)	$	1,275,754	$	(274,967)	$	1,296,189	$	(275,505)

	Less than 12 Months				12 Months or More				Total
December 31, 2023	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Obligations of State and Political Subdivisions	$	13,469	$	(175)	$	668,223	$	(122,199)	$	681,692	$	(122,374)
MBS/CMO	135		(1)		643,172		(116,012)		643,307		(116,013)
US Gov’t Sponsored Entities & Agencies	—		—		182,917		(37,378)		182,917		(37,378)
Total	$	13,604	$	(176)	$	1,494,312	$	(275,589)	$	1,507,916	$	(275,765)