XML 46 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and fair value of debt securities available-for-sale
The amortized cost, gross unrealized gains and losses, and fair value of debt securities classified as available-for-sale at December 31, 2021 and 2020 were as follows:
Total
Amortized
Cost		Gross UnrealizedFair
Value
(in thousands)
GainsLosses
December 31, 2021
U.S. Treasury$3,909 $11 $(3)$3,917 
U.S. government and federal agency obligations1,314 5 — 1,319 
U.S. government-sponsored enterprises26,498 70 (196)26,372 
Obligations of states and political subdivisions128,093 1,605 (474)129,224 
Mortgage-backed securities137,286 791 (1,611)136,466 
Other debt securities (a)11,825 482 (23)12,284 
Bank issued trust preferred securities (a)1,486 — (198)1,288 
Total available-for-sale securities$310,411 $2,964 $(2,505)$310,870 
December 31, 2020
U.S. Treasury$2,772 $26 $— $2,798 
U.S. government and federal agency obligations11,732 197 — 11,929 
U.S. government-sponsored enterprises22,495 379 — 22,874 
Obligations of states and political subdivisions56,943 1,801 — 58,744 
Mortgage-backed securities88,357 1,809 (54)90,112 
Other debt securities (a)10,000 358 (14)10,344 
Bank issued trust preferred securities (a)1,486 — (257)1,229 
Total available-for-sale securities$193,785 $4,570 $(325)$198,030 
(a) Certain hybrid instruments possessing characteristics typically associated with debt obligations.
Schedule of amortized cost and fair value of debt securities classified as available-for-sale by contractual maturity Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties.
(in thousands)
Amortized
Cost		Fair
Value
Due in one year or less$6,521 $6,540 
Due after one year through five years21,885 21,980 
Due after five years through ten years35,056 35,567 
Due after ten years109,663 110,317 
Total173,125 174,404 
Mortgage-backed securities137,286 136,466 
Total available-for-sale securities$310,411 $310,870 
Schedule of Other securities Investments in Federal Home Loan Bank (FHLB) stock, and Midwest Independent Bank (MIB) bankers bank stock, that do not have readily determinable fair values, are required for membership in those organizations.
(in thousands)20212020
Other securities:
FHLB stock$5,197 $6,170 
MIB stock151 151 
Equity securities with readily determinable fair values60 32 
Total other investment securities$5,408 $6,353 
Schedule of gross unrealized losses on debt securities and fair value of related securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2021 and December 31, 2020 were as follows:
Less than 12 months12 months or moreTotal
Fair
Value		Total
Unrealized
Losses
(in thousands)Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
At December 31, 2021
U.S. Treasury$1,758 $(3)$— $— $1,758 $(3)
U.S. government-sponsored enterprises18,304 (196)— — 18,304 (196)
Obligations of states and political subdivisions39,221 (474)— — 39,221 (474)
Mortgage-backed securities89,520 (1,579)1,864 (32)91,384 (1,611)
Other debt securities3,802 (23)— — 3,802 (23)
Bank issued trust preferred securities— — 1,288 (198)1,288 (198)
Total$152,605 $(2,275)$3,152 $(230)$155,757 $(2,505)
(in thousands)
At December 31, 2020
      
U.S. Treasury$1,015 $— $— $— $1,015 $— 
Mortgage-backed securities7,494 (54)— — 7,494 (54)
Other debt securities2,987 (14)— — 2,987 (14)
Bank issued trust preferred securities— — 1,229 (257)1,229 (257)
Total$11,496 $(68)$1,229 $(257)$12,725 $(325)
Schedule of components of investment securities gains and losses
The following table presents the gross unrealized gains and losses from sales and calls of available-for-sale securities, as well as gains and losses on equity securities from fair value adjustments which have been recognized in earnings:
(in thousands)202120202019
Investment securities gains (losses), net   
Available for sale securities:   
Gains realized on sales$122 $49 $6 
Losses realized on sales— (8)(46)
Other-than-temporary impairment recognized— — — 
Other investment securities:
Fair value adjustments, net27 20 — 
Investment securities gains (losses), net$149 $61 $(40)