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Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Debt Securities Available-for-Sale
The amortized cost and fair value of debt securities classified as available-for-sale at March 31, 2022 and December 31, 2021 were as follows:
Gross Unrealized
(in thousands)Total Amortized CostGainsLossesFair Value
March 31, 2022
U.S. Treasury$3,154 $3 $(12)$3,145 
U.S. government and federal agency obligations1,015—(40)975
U.S. government-sponsored enterprises26,498—(1,233)25,265
Obligations of states and political subdivisions134,88210(14,458)120,434
Mortgage-backed securities132,22281(8,455)123,848
Other debt securities (a)11,825222(226)11,821
Bank issued trust preferred securities (a)1,486—(220)1,266
Total available-for-sale securities$311,082 $316 $(24,644)$286,754 
December 31, 2021
U.S. Treasury$3,909 $11 $(3)$3,917 
U.S. government and federal agency obligations1,3145—1,319
U.S. government-sponsored enterprises26,49870(196)26,372
Obligations of states and political subdivisions128,0931,605(474)129,224
Mortgage-backed securities137,286791(1,611)136,466
Other debt securities (a)11,825482(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 
(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 CostFair Value
Due in one year or less$5,521 $5,517 
Due after one year through five years23,27122,653
Due after five years through ten years29,25428,264
Due after ten years120,814106,472
Total178,860162,906
Mortgage-backed securities132,222123,848
Total available-for-sale securities$311,082 $286,754 
Schedule of Other Securities Investments in 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)March 31, 2022December 31, 2021
Other securities:
FHLB stock$5,283$5,197
MIB stock151151
Equity securities with readily determinable fair values5660
Total other investment securities$5,490$5,408
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 March 31, 2022 and December 31, 2021 were as follows:
Less than 12 months12 months or more
(in thousands)Fair ValueUnrealized Losses Fair ValueUnrealized LossesTotal Fair ValueTotal Unrealized Losses
At March 31, 2022
U.S. Treasury$2,145 $(9)$248 $(3)$2,393 $(12)
U.S. government and federal agency obligations975 (40)— — 975 (40)
U.S. government-sponsored enterprises20,736 (763)4,530 (470)25,266 (1,233)
Obligations of states and political subdivisions110,254 (13,072)5,612 (1,386)115,866 (14,458)
Mortgage-backed securities87,136 (5,018)30,475 (3,437)117,611 (8,455)
Other debt securities4,598 (226)— — 4,598 (226)
Bank issued trust preferred securities— — 1,266 (220)1,266 (220)
Total$225,844 $(19,128)$42,131 $(5,516)$267,975 $(24,644)
(in thousands)
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 $(2,505)
Schedule of Components of Investment Securities Gains and Losses
The following table presents the gross realized gains and losses from sales and calls of available-for-sale securities, as well as gains and losses on equity securities from fair value adjustments which have been recognized in earnings:
Three Months Ended March 31,
(in thousands)20222021
Investment securities (losses) gains, net
Available-for-sale securities:
Gross realized gains$—$2
Gross realized losses—— 
Other-than-temporary impairment recognized——
Other investment securities:
Fair value adjustments, net(4)12
Investment securities (losses) gains, net$(4)$14