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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Information Related to the Amortized Cost, Fair Value and Allowance for Credit Losses of Securities Available-for-Sale and Related Gross Unrealized Gains and Losses
Information related to the amortized cost, fair value and allowance for credit losses of securities available-for-sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) is provided in the table below.
(dollars in thousands)Amortized
Cost
Gross Unrealized GainGross Unrealized LossesAllowance for Credit LossesFair Value
March 31, 2025
U.S. government sponsored agencies$139,872 $44 $(24,798)$0 $115,118 
Mortgage-backed securities: residential505,416 494 (66,992)0 438,918 
State and municipal securities543,847 17 (97,025)0 446,839 
Total$1,189,135 $555 $(188,815)$0 $1,000,875 
December 31, 2024
U.S. government sponsored agencies$137,150 $$(27,715)$$109,435 
Mortgage-backed securities: residential500,278 83 (77,952)422,409 
State and municipal securities545,073 17 (85,508)459,582 
Total$1,182,501 $100 $(191,175)$$991,426 
Schedule of Information Related to the Amortized Cost, Fair Value and Allowance for Credit Losses of Securities Held-to-Maturity and Related Gross Gains and Unrealized Gains and Losses
Information related to the amortized cost, fair value and allowance for credit losses of securities held-to-maturity and the related gross unrealized gains and losses is presented in the table below.
(dollars in thousands)Amortized
Cost
Gross Unrealized GainGross Unrealized LossesAllowance for Credit LossesFair Value
March 31, 2025
State and municipal securities$131,979 $0 $(22,498)$0 $109,481 
December 31, 2024
State and municipal securities$131,568 $$(18,461)$$113,107 
Schedule of Information Regarding the Fair Value and Amortized Cost of Available-for-Sale and Held-to-Maturity Debt Securities by Maturity
Information regarding the amortized cost and fair value of available-for-sale and held-to-maturity debt securities by maturity as of March 31, 2025 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)Amortized CostFair
Value
Amortized CostFair
Value
Due in one year or less$220 $220 $0 $0 
Due after one year through five years9,727 9,191 0 0 
Due after five years through ten years68,708 61,691 7,239 6,283 
Due after ten years605,064 490,855 124,740 103,198 
683,719 561,957 131,979 109,481 
Mortgage-backed securities505,416 438,918 0 0 
Total debt securities$1,189,135 $1,000,875 $131,979 $109,481 
Schedule of Security Proceeds, Gross Gains and Gross Losses
Available-for-sale securities proceeds, gross gains and gross losses are presented below.
Three Months Ended March 31,
(dollars in thousands)20252024
Sales of securities available-for-sale
Proceeds$0 $7,136 
Gross gains0 
Gross losses0 (46)
Number of securities0 15 
Schedule of Unrealized Loss Analysis on Available-for-Sale Securities
Information regarding available-for-sale securities with unrealized losses as of March 31, 2025 and December 31, 2024 is presented on the following page. The table divides the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
Less than 12 months12 months or moreTotal
(dollars in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
March 31, 2025            
U.S. government sponsored agencies$0 $0 $110,076 $24,798 $110,076 $24,798 
Mortgage-backed securities: residential7,773 73 389,792 66,919 397,565 66,992 
State and municipal securities20,078 794 421,691 96,231 441,769 97,025 
Total available-for-sale$27,851 $867 $921,559 $187,948 $949,410 $188,815 
December 31, 2024
U.S. government sponsored agencies$$$109,435 $27,715 $109,435 $27,715 
Mortgage-backed securities: residential23,204 249 390,483 77,703 413,687 77,952 
State and municipal securities12,928 439 443,569 85,069 456,497 85,508 
Total available-for-sale$36,132 $688 $943,487 $190,487 $979,619 $191,175 
Schedule of Unrealized Loss Analysis on Held-to-Maturity Securities
Information regarding held-to-maturity securities with unrealized losses as of March 31, 2025 and December 31, 2024 is presented below. The table divides the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
Less than 12 months12 months or moreTotal
(dollars in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
March 31, 2025
State and municipal securities$0 $0 $109,481 $22,498 $109,481 $22,498 
December 31, 2024
State and municipal securities$$$113,107 $18,461 $113,107 $18,461 
Schedule of Number of Securities with Unrealized Losses of Available for Sale Securities and Held to Maturity Securities
The total number of securities with unrealized losses as of March 31, 2025 and December 31, 2024 is presented below.
Available-for-SaleHeld-to-Maturity
Less than
12 months
12 months
or more
TotalLess than
12 months
12 months
or more
Total
March 31, 2025    
U.S. government sponsored agencies0 17 17 0 0 0 
Mortgage-backed securities: residential4 123 127 0 0 0 
State and municipal securities26 385 411 0 41 41 
Total temporarily impaired30 525 555 0 41 41 
December 31, 2024
U.S. government sponsored agencies17 17 
Mortgage-backed securities: residential124 133 
State and municipal securities23 392 415 41 41 
Total temporarily impaired32 533 565 41 41