XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.3
Securities (Tables)
9 Months Ended
Sep. 30, 2025
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
    
September 30, 2025    
U.S. Treasury$144,138 $37 $— $144,175 
Obligations of State and Political Subdivisions603,733 605 (120,327)484,011 
MBS/CMO788,902 4,489 (86,414)706,977 
US Gov’t Sponsored Entities & Agencies311,688 668 (29,502)282,854 
Total$1,848,461 $5,799 $(236,243)$1,618,017 
December 31, 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 
Schedule of Securities by Contractual Maturity
The amortized cost and fair value of securities available-for-sale at September 30, 2025 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$146,460 $146,502 
Due after one year through five years9,816 9,744 
Due after five years through ten years61,121 55,249 
Due after ten years530,474 416,691 
MBS/CMO788,902 706,977 
US Gov’t Sponsored Entities & Agencies311,688 282,854 
Total$1,848,461 $1,618,017 
Schedule of Proceeds from the Sales of Securities
Proceeds from the sales of securities are summarized below:
 Three Months EndedThree Months Ended
September 30, 2025September 30, 2024
Proceeds from Sales$500 $175,738 
Gross Gains on Sales— 70 
Gross Losses on Sales— — 
Income Taxes on Net Gains (Losses)— 15 
 Nine Months EndedNine Months Ended
 September 30, 2025September 30, 2024
Proceeds from Sales$205,876 $402,105 
Gross Gains on Sales— 614 
Gross Losses on Sales— 35,402 
Income Taxes on Net Gains (Losses)— (7,305)
Schedule of Securities with Unrealized Losses
Below is a summary of securities with unrealized losses as of September 30, 2025 and December 31, 2024, presented by length of time the securities have been in a continuous unrealized loss position:
 Less than 12 Months12 Months or MoreTotal
September 30, 2025Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Obligations of State and Political Subdivisions$4,894 $(107)$447,248 $(120,220)$452,142 $(120,327)
MBS/CMO3,745 (42)484,310 (86,372)488,055 (86,414)
US Gov’t Sponsored Entities & Agencies23,067 (177)161,749 (29,325)184,816 (29,502)
Total$31,706 $(326)$1,093,307 $(235,917)$1,125,013 $(236,243)

 Less than 12 Months12 Months or MoreTotal
December 31, 2024Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
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)