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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

The following table is the schedule of Available-For-Sale Securities at March 31, 2023, December 31, 2022 and March 31, 2022:


Available-For-Sale Securities
	U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Available- For-Sale Securities
March 31, 2023
Available-For-Sale Securities, at Amortized Cost	$	190,000	$	320	$	431,754	$	1,000	$	623,074
Gross Unrealized Gains	—		—		160		—		160
Gross Unrealized Losses	(12,415)		—		(44,926)		(200)		(57,541)
Available-For-Sale Securities, at Fair Value	177,585		320		386,988		800		565,693
Available-For-Sale Securities, Pledged as Collateral, at Fair Value									360,153

Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	15,000	$	—	$	892	$	—	$	15,892
From 1 - 5 Years	175,000		—		239,803		—		414,803
From 5 - 10 Years	—		320		191,059		1,000		192,379
Over 10 Years	—		—		—		—		—

Maturities of Debt Securities, at Fair Value:
Within One Year	$	14,769	$	—	$	866	$	—	$	15,635
From 1 - 5 Years	162,816		—		221,904		—		384,720
From 5 - 10 Years	—		320		164,218		800		165,338
Over 10 Years	—		—		—		—		—

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	54,058	$	—	$	27,106	$	—	$	81,164
12 Months or Longer	123,526		—		346,733		800		471,059
Total	$	177,584	$	—	$	373,839	$	800	$	552,223
Number of Securities in a Continuous Loss Position	25		—		150		1		176

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	942	$	—	$	891	$	—	$	1,833
12 Months or Longer	11,473		—		44,035		200		55,708
Total	$	12,415	$	—	$	44,926	$	200	$	57,541


Available-For-Sale Securities
	U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Available- For-Sale Securities
Disaggregated Details:


US Agency Obligations, at Amortized Cost	$	190,000
US Agency Obligations, at Fair Value	177,585
US Government Agency Securities, at Amortized Cost					$	7,782
US Government Agency Securities, at Fair Value					7,321
Government Sponsored Entity Securities, at Amortized Cost					423,972
Government Sponsored Entity Securities, at Fair Value					379,667

December 31, 2022
Available-For-Sale Securities, at Amortized Cost	$	190,000	$	340	$	447,755	$	1,000	$	639,095
Gross Unrealized Gains	15		—		65		—		80
Gross Unrealized Losses	(14,816)		—		(50,664)		(200)		(65,680)
Available-For-Sale Securities, at Fair Value	175,199		340		397,156		800		573,495
Available-For-Sale Securities, Pledged as Collateral, at Fair Value									308,266

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	66,690	$	—	$	183,868	$	—	$	250,558
12 Months or Longer	93,493		—		199,262		800		293,555
Total	$	160,183	$	—	$	383,130	$	800	$	544,113
Number of Securities in a Continuous Loss Position	23		—		150		1		174

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	3,310	$	—	$	18,756	$	—	$	22,066
12 Months or Longer	11,506		—		31,908		200		43,614
Total	$	14,816	$	—	$	50,664	$	200	$	65,680

Disaggregated Details:


US Agency Obligations, at Amortized Cost	$	190,000
US Agency Obligations, at Fair Value	175,199
US Government Agency Securities, at Amortized Cost					$	7,934
US Government Agency Securities, at Fair Value					7,433
Government Sponsored Entity Securities, at Amortized Cost					439,821
Government Sponsored Entity Securities, at Fair Value					389,723


Available-For-Sale Securities
	U.S. Government & Agency Obligations		State and Municipal Obligations		Mortgage- Backed Securities		Corporate and Other Debt Securities		Total Available- For-Sale Securities
March 31, 2022
Available-For-Sale Securities, at Amortized Cost	$	140,000	$	380	$	471,829	$	1,000	$	613,209
Gross Unrealized Gains	21		—		211		—		232
Gross Unrealized Losses	(7,277)		—		(23,536)		(200)		(31,013)
Available-For-Sale Securities, at Fair Value	132,744		380		448,504		800		582,428
Available-For-Sale Securities, Pledged as Collateral, at Fair Value									397,138

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	43,518	$	—	$	358,688	$	—	$	402,206
12 Months or Longer	84,205		—		74,546		800		159,551
Total	$	127,723	$	—	$	433,234	$	800	$	561,757
Number of Securities in a Continuous Loss Position	18		—		129		1		148

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	1,482	$	—	$	16,949	$	—	$	18,431
12 Months or Longer	5,795		—		6,587		200		12,582
Total	$	7,277	$	—	$	23,536	$	200	$	31,013

Disaggregated Details:


US Agency Obligations, at Amortized Cost	$	140,000
US Agency Obligations, at Fair Value	132,744
US Government Agency Securities, at Amortized Cost					$	8,853
US Government Agency Securities, at Fair Value					8,667
Government Sponsored Entity Securities, at Amortized Cost					462,976
Government Sponsored Entity Securities, at Fair Value					439,837

Held-To-Maturity Securities

The following table is the schedule of Held-To-Maturity Securities at March 31, 2023, December 31, 2022 and March 31, 2022:


Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Total Held-To Maturity Securities
March 31, 2023
Held-To-Maturity Securities, at Amortized Cost	$	156,314	$	11,033	$	167,347
Gross Unrealized Gains	2		—		2
Gross Unrealized Losses	(2,421)		(489)		(2,910)
Held-To-Maturity Securities, at Fair Value	153,895		10,544		164,439
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value					146,902


Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Total Held-To Maturity Securities
Maturities of Debt Securities, at Amortized Cost:
Within One Year	$	82,142	$	—	$	82,142
From 1 - 5 Years	71,828		11,033		82,861
From 5 - 10 Years	2,312		—		2,312
Over 10 Years	32		—		32

Maturities of Debt Securities, at Fair Value:
Within One Year	$	81,554	$	—	$	81,554
From 1 - 5 Years	70,001		10,544		80,545
From 5 - 10 Years	2,308		—		2,308
Over 10 Years	32		—		32

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	43,121	$	—	$	43,121
12 Months or Longer	90,439		10,544		100,983
Total	$	133,560	$	10,544	$	144,104

Number of Securities in a Continuous Loss Position	386		16		402

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	496	$	—	$	496
12 Months or Longer	1,925		489		2,414
Total	$	2,421	$	489	$	2,910

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	3,699
US Government Agency Securities, at Fair Value			3,522
Government Sponsored Entity Securities, at Amortized Cost			7,334
Government Sponsored Entity Securities, at Fair Value			7,022


Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Total Held-To Maturity Securities
December 31, 2022
Held-To-Maturity Securities, at Amortized Cost	$	163,600	$	11,764	$	175,364
Gross Unrealized Gains	1		—		1
Gross Unrealized Losses	(3,131)		(611)		(3,742)
Held-To-Maturity Securities, at Fair Value	160,470		11,153		171,623
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value					142,982

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	137,773	$	11,153	$	148,926
12 Months or Longer	—		—		—
Total	$	137,773	$	11,153	$	148,926
Number of Securities in a Continuous Loss Position	397		16		413

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	3,131	$	611	$	3,742
12 Months or Longer	—		—		—
Total	$	3,131	$	611	$	3,742

Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	3,898
US Government Agency Securities, at Fair Value			3,687
Government Sponsored Entity Securities, at Amortized Cost			7,866
Government Sponsored Entity Securities, at Fair Value			7,466


Held-To-Maturity Securities
	State and Municipal Obligations		Mortgage- Backed Securities		Total Held-To Maturity Securities
March 31, 2022
Held-To-Maturity Securities, at Amortized Cost	$	181,832	$	14,829	$	196,661
Gross Unrealized Gains	180		—		180
Gross Unrealized Losses	(832)		(147)		(979)
Held-To-Maturity Securities, at Fair Value	181,180		14,682		195,862
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value					176,635

Securities in a Continuous Loss Position, at Fair Value:
Less than 12 Months	$	96,088	$	14,465	$	110,553
12 Months or Longer	—		—		—
Total	$	96,088	$	14,465	$	110,553
Number of Securities in a Continuous Loss Position	258		23		281

Unrealized Losses on Securities in a Continuous Loss Position:
Less than 12 Months	$	832	$	147	$	979
12 Months or Longer	—		—		—
Total	$	832	$	147	$	979

March 31, 2022
Disaggregated Details:
US Government Agency Securities, at Amortized Cost			$	4,954
US Government Agency Securities, at Fair Value			4,900
Government Sponsored Entity Securities, at Amortized Cost			9,875
Government Sponsored Entity Securities, at Fair Value			9,782

Debt Securities, Trading, and Equity Securities, FV-NI

The following table is the schedule of Equity Securities at March 31, 2023, December 31, 2022 and March 31, 2022:

Equity Securities

March 31, 2023

December 31, 2022

March 31, 2022

Equity Securities, at Fair Value

$2,070

$2,174

$1,877

Unrealized Gain (Loss) on Investments

The following is a summary of realized and unrealized gains and losses recognized in net income on equity securities during the three month periods ended March 31, 2023 and 2022:


	For the Three Months Ended March 31,
	2023		2022
Net (Loss) Gain on Equity Securities	$	(104)	$	130
Less: Net gain recognized during the reporting period on equity securities sold during the period	—		—
Unrealized net (loss) gain recognized during the reporting period on equity securities still held at the reporting date	$	(104)	$	130