Securities (Tables)

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Available for Sale Securities

The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized were as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
2024
U.S. Treasury securities and obligations of    U.S. government agencies	$	100,378	$	303	$	(3,294	)	$	97,387
Obligations of states and political subdivisions		351,635		482		(26,998	)		325,119
Mortgage-back securities in government sponsored    entities		258,045		97		(32,581	)		225,561
Total debt securities	$	710,058	$	882	$	(62,873	)	$	648,067

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
2023
U.S. Treasury securities and obligations of    U.S. government agencies	$	71,418	$	315	$	(4,075	)	$	67,658
Obligations of states and political subdivisions		359,452		2,725		(23,578	)		338,599
Mortgage-back securities in government sponsored    entities		242,022		19		(30,026	)		212,015
Total debt securities	$	672,892	$	3,059	$	(57,679	)	$	618,272

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at year-end 2024 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.

	Available for sale
	Amortized Cost		Fair Value
Due in one year or less	$	39,927	$	39,777
Due from one to five years		84,249		79,134
Due from five to ten years		42,796		42,100
Due after ten years		285,041		261,495
Mortgage-backed securities in government sponsored    entities		258,045		225,561
Total securities available for sale	$	710,058	$	648,067

Proceeds from Sales of Securities, Gross Realized Gains and Losses

Proceeds from sales of securities, gross realized gains and gross realized losses were as follows:

	2024		2023		2022
Sale proceeds	$	2,994	$	—	$	57,332
Gross realized gains		33		—		—
Gross realized losses		—		—		—
Gains from securities called or settled by the    issuer		—		—		10

Securities with Unrealized Losses Not Recognized in Income

Debt securities with unrealized losses at year-end 2024 and 2023 not recognized in income were as follows:

2024	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of    U.S. government agencies	$	32,388	$	(51	)	$	55,000	$	(3,243	)	$	87,388	$	(3,294	)
Obligations of states and political    subdivisions		98,965		(806	)		173,668		(26,192	)		272,633		(26,998	)
Mortgage-backed securities in gov’t    sponsored entities		28,322		(329	)		186,173		(32,252	)		214,495		(32,581	)
Total	$	159,675	$	(1,186	)	$	414,841	$	(61,687	)	$	574,516	$	(62,873	)

2023	12 Months or less					More than 12 months					Total
Description of Securities	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Treasury securities and obligations of    U.S. government agencies	$	224	$	(1	)	$	56,760	$	(4,074	)	$	56,984	$	(4,075	)
Obligations of states and political    subdivisions		19,168		(78	)		162,291		(23,500	)		181,459		(23,578	)
Mortgage-backed securities in gov’t    sponsored entities		20,112		(522	)		189,319		(29,504	)		209,431		(30,026	)
Total	$	39,504	$	(601	)	$	408,370	$	(57,078	)	$	447,874	$	(57,679	)

Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments

The following table presents the net gains and losses on equity investments recognized in earnings at year-end 2024 and 2023, and the portion of unrealized gains and losses for the period that relates to equity investments held at year-end 2024 and 2023:

	2024		2023
Net gains (losses) recognized on equity securities during the    year	$	252	$	(21	)
Less: Net gains realized on the sale of equity securities    during the period		—		—
Unrealized gains (losses) recognized in equity securities held at    December 31	$	252	$	(21	)