XML 56 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of Equity securities gains and losses [Table Text Block]
The following table represents a summary of the gains and losses recognized within non-interest income and non-interest expense within the consolidated statements of income that relate to equity securities for the periods indicated:
Years Ended December 31
202120202019
(Dollars in thousands)
Net gains recognized during the period on equity securities$554 $528 $1,566 
Less: net gains recognized during the period on equity securities sold during the period192 14 18 
Unrealized gains recognized during the reporting period on equity securities still held at the reporting date$362 $514 $1,548 
Schedule of Available-for-sale Securities Reconciliation
The following table summarizes the amortized cost, allowance for credit losses, and fair value of available for sale securities and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) at the dates indicated:

 December 31, 2021December 31, 2020
 Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Allowance for credit lossesFair
Value		Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Allowance for credit lossesFair
Value
 (Dollars in thousands)
U.S. government agency securities$217,393 $990 $(2,901)$— $215,482 $22,476 $1,640 $— $— $24,116 
U.S. treasury securities873,467 172 (12,191)— 861,448 — — — — — 
Agency mortgage-backed securities364,955 4,512 (5,534)— 363,933 224,293 9,337 (1)— 233,629 
Agency collateralized mortgage obligations78,966 1,282 (571)— 79,677 88,687 3,083 (87)— 91,683 
State, county, and municipal securities192 11 — — 203 790 17 — — 807 
Single issuer trust preferred securities issued by banks489 2 — — 491 489 — (1)— 488 
Pooled trust preferred securities issued by banks and insurers 1,199 — (199)— 1,000 1,429 — (373)— 1,056 
Small business administration pooled securities47,075 1,839 — — 48,914 57,289 3,792 — — 61,081 
Total available for sale securities$1,583,736 $8,808 $(21,396)$— $1,571,148 $395,453 $17,869 $(462)$— $412,860 
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value
The following tables shows the gross unrealized losses and fair value of the Company’s available for sale securities which are in an unrealized loss position, and for which the Company has not recorded a provision for credit losses as of the dates indicated. These available for sale securities are aggregated by major security type and length of time that individual securities have been in a continuous unrealized loss position:
  December 31, 2021
  Less than 12 months12 months or longerTotal
# of
holdings		Fair ValueUnrealized
Losses		Fair
Value		Unrealized
Losses		Fair ValueUnrealized
Losses
  (Dollars in thousands)
U.S. government agency securities6 $160,913 $(2,901)$— $— $160,913 $(2,901)
U.S. treasury securities17 811,993 (12,191)— — 811,993 (12,191)
Agency mortgage-backed securities12 214,678 (5,534)— — 214,678 (5,534)
Agency collateralized mortgage obligations1 22,960 (571)— — 22,960 (571)
Pooled trust preferred securities issued by banks and insurers1 — — 1,000 (199)1,000 (199)
Total impaired available for sale securities37 $1,210,544 $(21,197)$1,000 $(199)$1,211,544 $(21,396)
Debt Securities, Held-to-maturity
The following table summarizes the amortized cost, fair value and allowance for credit losses of held to maturity securities and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) at the dates indicated:
 December 31, 2021December 31, 2020
 Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Allowance for credit lossesFair
Value		Amortized
Cost		Gross
Unrealized
Gains		Gross Unrealized
Losses		Allowance for credit lossesFair
Value
 (Dollars in thousands)
U.S. government agency securities$32,987 $— $(441)$— $32,546 $— $— $— — $— 
U.S. treasury securities102,560 6 (324)— 102,242 4,017 60 — — 4,077 
Agency mortgage-backed securities493,012 8,495 (4,271)— 497,236 356,085 18,036 — — 374,121 
Agency collateralized mortgage obligations415,736 3,232 (10,123)— 408,845 335,993 8,466 (340)— 344,119 
Single issuer trust preferred securities issued by banks1,500 8 — — 1,508 1,500 — (2)— 1,498 
Small business administration pooled securities21,023 733 — — 21,756 26,917 1,445 — — 28,362 
Total held to maturity securities$1,066,818 $12,474 $(15,159)$— $1,064,133 $724,512 $28,007 $(342)$— $752,177 
Schedule of Contractual Maturities of Securities A schedule of the contractual maturities of securities available for sale and securities held to maturity at December 31, 2021 is presented below:
Due in one year or lessDue after one year to five yearsDue after five to ten yearsDue after ten yearsTotal
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
(Dollars in thousands)
Available for sale securities
U.S. government agency securities$10,000 $10,007 $43,831 $44,065 $163,562 $161,410 $— $— $217,393 $215,482 
U.S. treasury securities— — 643,068 633,504 230,399 227,944 — — 873,467 861,448 
Agency mortgage-backed securities14,411 14,563 95,373 96,519 142,730 139,331 112,441 113,520 364,955 363,933 
Agency collateralized mortgage obligations— — — — — — 78,966 79,677 78,966 79,677 
State, county, and municipal securities— — 192 203 — — — — 192 203 
Single issuer trust preferred securities issued by banks— — — — — — 489 491 489 491 
Pooled trust preferred securities issued by banks and insurers — — — — — — 1,199 1,000 1,199 1,000 
Small business administration pooled securities— — — — — — 47,075 48,914 47,075 48,914 
Total available for sale securities$24,411 $24,570 $782,464 $774,291 $536,691 $528,685 $240,170 $243,602 $1,583,736 $1,571,148 
Held to maturity securities
U.S. government agency securities$— $— $32,987 $32,546 $— $— $— $— $32,987 $32,546 
U.S. Treasury securities2,003 2,009 — — 100,557 100,233 — — 102,560 102,242 
Agency mortgage-backed securities— — 3,016 3,156 288,552 287,116 201,444 206,964 493,012 497,236 
Agency collateralized mortgage obligations— — — — — — 415,736 408,845 415,736 408,845 
Single issuer trust preferred securities issued by banks— — — — 1,500 1,508 — — 1,500 1,508 
Small business administration pooled securities— — — — — — 21,023 21,756 21,023 21,756 
Total held to maturity securities2,003 2,009 36,003 35,702 390,609 388,857 638,203 637,565 1,066,818 1,064,133 
Total$26,414 $26,579 $818,467 $809,993 $927,300 $917,542 $878,373 $881,167 $2,650,554 $2,635,281