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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Costs, Gross Unrealized Gains and Losses, and Estimated Fair Values
The following table summarizes the amortized cost, gross unrealized gains, and losses, and estimated fair values of AFS securities and securities HTM at December 31, 2024 and 2023:
($ in thousands)December 31, 2024
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Available-for-sale:
U.S. Treasury$5,297 $— $64 $5,233 
Obligations of U.S. government agencies and sponsored entities109,289 — 13,064 96,225 
Tax-exempt and taxable obligations of states and municipal subdivisions448,463 240 49,171 399,532 
Mortgage-backed securities - residential298,461 30 33,566 264,925 
Mortgage-backed securities - commercial225,892 117 18,516 207,493 
Corporate obligations31,632 37 1,774 29,895 
Total available-for-sale$1,119,034 $424 $116,155 $1,003,303 
Held-to-maturity:
U.S. Treasury$52,216 $— $1,244 $50,972 
Obligations of U.S. government agencies and sponsored entities17,950 — 1,417 16,533 
Tax-exempt and taxable obligations of states and municipal subdivisions244,729 3,368 15,568 232,529 
Mortgage-backed securities - residential127,492 — 15,989 111,503 
Mortgage-backed securities - commercial130,552 — 13,327 117,225 
Corporate obligations10,000 — 1,487 8,513 
Total held-to-maturity$582,939 $3,368 $49,032 $537,275 
($ in thousands)December 31, 2023
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Available-for-sale:
U.S. Treasury$16,985 $— $310 $16,675 
Obligations of U.S. government agencies and sponsored entities119,868 14,946 104,923 
Tax-exempt and taxable obligations of states and municipal subdivisions486,293 449 48,276 438,466 
Mortgage-backed securities - residential297,735 11 34,430 263,316 
Mortgage-backed securities - commercial198,944 76 20,675 178,345 
Corporate obligations41,347 — 3,750 37,597 
Other3,055 — 12 3,043 
Total available-for-sale$1,164,227 $537 $122,399 $1,042,365 
Held-to-maturity:
U.S. Treasury$89,688 $— $2,804 $86,884 
Obligations of U.S. government agencies and sponsored entities33,659 — 1,803 31,856 
Tax-exempt and taxable obligations of states and municipal subdivisions246,908 9,566 14,697 241,777 
Mortgage-backed securities - residential141,573 — 14,237 127,336 
Mortgage-backed securities - commercial132,711 — 12,334 120,377 
Corporate obligations10,000 — 2,286 7,714 
Total held-to-maturity$654,539 $9,566 $48,161 $615,944 
Schedule of Debt Securities, Held-to-Maturity, Credit Quality Indicator The following table summarizes the amortized cost of debt securities held-to-maturity at December 31, 2024 and 2023, aggregated by credit quality indicators.
($ in thousands)December 31, 2024December 31, 2023
Aaa$361,656 $431,527 
Aa1/Aa2/Aa3112,535 129,751 
A1/A2/A312,273 13,902 
BBB10,000 10,000 
Not rated86,475 69,359 
Total$582,939 $654,539 
Schedule of Investments Classified by Contractual Maturity Date
($ in thousands)December 31, 2024
Available-for-SaleAmortized
Cost
Fair
Value
Within one year$42,008 $41,807 
One to five years127,945 121,463 
Five to ten years311,010 271,828 
Beyond ten years113,718 95,787 
Mortgage-backed securities: residential298,461 264,925 
Mortgage-backed securities: commercial225,892 207,493 
Total$1,119,034 $1,003,303 
Held-to-maturity
Within one year$28,527 $28,334 
One to five years30,868 29,360 
Five to ten years62,237 58,225 
Beyond ten years203,263 192,628 
Mortgage-backed securities: residential127,492 111,503 
Mortgage-backed securities: commercial130,552 117,225 
Total$582,939 $537,275 
Schedule of Proceeds, Gains, and Losses From Sales and Calls of Securities
The proceeds from sales and calls of securities and the associated gains and losses are listed below:
($ in thousands)202420232022
Gross gains$47 $65 $82 
Gross losses78 9,781 164 
Realized net (loss) gain$(31)$(9,716)$(82)
Schedule of Securities Classified as Available-for-Sale and Held-to-Maturity with Unrealized Losses
The following table summarizes securities in an unrealized losses position for which an allowance for credit losses has not been recorded at December 31, 2024 and 2023. The securities are aggregated by major security type and length of time in a continuous unrealized loss position:
2024
($ in thousands)Less than 12 Months12 Months or LongerTotal
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Available-for-sale:
U.S. Treasury$— $— $5,233 $64 $5,233 $64 
Obligations of U.S. government agencies and sponsored entities262 95,958 13,063 96,220 13,064 
Tax-exempt and taxable obligations of states and municipal subdivisions32,717 2,174 349,879 46,997 382,596 49,171 
Mortgage-backed securities - residential40,448 451 222,555 33,115 263,003 33,566 
Mortgage-backed securities - commercial33,439 942 152,532 17,574 185,971 18,516 
Corporate obligations— — 24,858 1,774 24,858 1,774 
 Total available-for-sale$106,866 $3,568 $851,015 $112,587 $957,881 $116,155 
Held-to-maturity:
U.S. Treasury$— $— $50,972 $1,244 $50,972 $1,244 
Obligations of U.S. government agencies and sponsored entities761 24 15,772 1,393 16,533 1,417 
Tax-exempt and taxable obligations of states and municipal subdivisions45,064 970 98,527 14,598 143,591 15,568 
Mortgage-backed securities - residential— — 111,503 15,989 111,503 15,989 
Mortgage-backed securities - commercial892 30 116,333 13,297 117,225 13,327 
Corporate obligations— — 8,513 1,487 8,513 1,487 
Total held-to-maturity$46,717 $1,024 $401,620 $48,008 $448,337 $49,032 
2023
Less than 12 Months12 Months or LongerTotal
($ in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Available-for-sale:
U.S. Treasury$— $— $16,675 $310 $16,675 $310 
Obligations of U.S. government agencies and sponsored entities123 — 104,495 14,946 104,618 14,946 
Tax-exempt and taxable obligations of states and municipal subdivisions20,879 1,479 389,113 46,797 409,992 48,276 
Mortgage-backed securities: residential222 262,012 34,428 262,234 34,430 
Mortgage-backed securities: commercial2,896 52 170,256 20,623 173,152 20,675 
Corporate obligations— — 37,597 3,750 37,597 3,750 
Other3,055 12 — — 3,055 12 
Total available-for-sale$27,175 $1,545 $980,148 $120,854 $1,007,323 $122,399 
Held-to-maturity:
U.S. Treasury$— $— $86,884 $2,804 $86,884 $2,804 
Obligations of U.S. government agencies and sponsored entities747 31,109 1,798 31,856 1,803 
Tax-exempt and taxable obligations of states and municipal subdivisions10,472 3,949 91,480 10,748 101,952 14,697 
Mortgage-backed securities - residential— — 127,336 14,237 127,336 14,237 
Mortgage-backed securities - commercial920 119,457 12,332 120,377 12,334 
Corporate obligations— — 7,714 2,286 7,714 2,286 
Total held-to-maturity$12,139 $3,956 $463,980 $44,205 $476,119 $48,161