XML 57 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1
Securities (Tables)
12 Months Ended
Dec. 31, 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 CostGross Unrealized GainsGross Unrealized LossesFair Value
2024    
U.S. Treasury$110,813 $51 $ $110,864 
Obligations of State and Political Subdivisions587,963 21 (124,815)463,169 
MBS/CMO817,553 341 (115,715)702,179 
US Gov’t Sponsored Entities & Agencies279,711  (38,636)241,075 
Total$1,796,040 $413 $(279,166)$1,517,287 
2023    
U.S. Treasury$— $— $— $— 
Obligations of State and Political Subdivisions889,940 1,309 (122,374)768,875 
MBS/CMO761,025 28 (116,013)645,040 
US Gov’t Sponsored Entities & Agencies220,295 — (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 at December 31, 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. 
Amortized
Cost
Fair
Value
Securities Available-for-Sale:  
Due in one year or less$111,835 $111,885 
Due after one year through five years8,987 8,932 
Due after five years through ten years45,329 39,900 
Due after ten years532,625 413,316 
MBS/CMO817,553 702,179 
US Gov’t Sponsored Entities & Agencies279,711 241,075 
Total$1,796,040 $1,517,287 
Schedule of Proceeds from the Sales of Securities
202420232022
Proceeds from the Sales of Securities are summarized below:Available-
for-Sale
Available-
for-Sale
Available-
for-Sale
Proceeds from Sales$404,103 $114,259 $145,237 
Gross Gains on Sales614 346 750 
Gross Losses on Sales35,402 306188
Income Taxes on Net Gains (Losses)(7,305)118 
Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as December 31, 2024 and 2023, presented by length of time the securities have been in a continuous unrealized loss position: 
 Less than 12 Months12 Months or MoreTotal
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2024      
Obligations of State and Political Subdivisions$13,249 $(231)$445,264 $(124,584)$458,513 $(124,815)
MBS/CMO176,333 (2,461)480,235 (113,254)656,568 (115,715)
US Gov’t Sponsored Entities & Agencies96,132 (2,989)144,943 (35,647)241,075 (38,636)
Total$285,714 $(5,681)$1,070,442 $(273,485)$1,356,156 $(279,166)

 Less than 12 Months12 Months or MoreTotal
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
December 31, 2023
Obligations of State and Political Subdivisions$13,469 $(175)$668,223 $(122,199)$681,692 $(122,374)
MBS/CMO135 (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)