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Securities (Policies)
 12 Months Ended
Dec. 31, 2024
Securities [Abstract]  
Investment, Policy
The Company does not believe the AFS securities that were in an unrealized loss position as of December 31, 2024 and 2023, which consisted of 401 and 388 individual securities, respectively, represented a credit loss impairment. AFS debt securities in unrealized loss positions are evaluated for impairment related to credit losses at least quarterly. As of December 31, 2024 and 2023, the majority of the AFS securities in an unrealized loss position consisted of debt securities issued by U.S. government agencies or U.S. government-sponsored enterprises that carry the explicit and/or implicit guarantee of the U.S. government, which are widely recognized as “risk-free” and have a long history of zero credit losses. Total gross unrealized losses were primarily attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. The Company does not intend to sell, nor is it more likely than not that the Company will be required to sell the securities before recovery of its amortized cost basis, which may be at maturity. The Company elected to exclude AIR from the amortized cost basis of debt securities. AIR on AFS debt securities totaled $4.4 million at December 31, 2024 and $3.9 million at December 31, 2023 and is excluded from the estimate of credit losses and reported in the other assets financial statement line.

None of the Bank’s HTM debt securities were past due or on nonaccrual status as of December 31, 2024 and 2023. There was no accrued interest reversed against interest income for the years ended December 31, 2024 and 2023 as all securities remained in accrual status. In addition, there were no collateral-dependent HTM debt securities as of December 31, 2024 and 2023. There was no allowance for credit losses on HTM securities as of December 31, 2024 and 2023. As of December 31, 2024 and 2023, 66% of the Company’s HTM debt securities were issued by U.S. government agencies or U.S. government-sponsored enterprises with bond ratings of A to AAA. These securities carry the explicit and/or implicit guarantee of the U.S. government, which are widely recognized as “risk free,” and have a long history of zero credit losses. Therefore, the Company did not record an allowance for credit losses for these securities as of December 31, 2024 and 2023. The remaining HTM debt securities at December 31, 2024 and 2023 were comprised of state and municipal obligations with bond ratings of A to AAA excluding the $84.7 million of local municipal bonds which are not rated. Based on the Company’s CECL methodology, the expected credit loss on the HTM municipal bond portfolio was deemed immaterial, therefore no allowance for credit loss was recorded as of December 31, 2024 and 2023. AIR on HTM debt securities totaled $4.4 million at December 31, 2024 and $4.7 million at December 31, 2023 and is excluded from the estimate of credit losses and reported in the other assets financial statement line.