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SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of Information Related to the Amortized Cost, Fair Value and Allowance for Credit Losses of Securities Available-for-Sale and Related Gross Unrealized Gains and Losses | Information related to the amortized cost, fair value and allowance for credit losses of securities available-for-sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) at December 31, 2024 and 2023 is provided in the tables below.
(dollars in thousands) | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Fair Value
2024 |  |  |  |  |  |  |  |  |
U.S. government sponsored agencies | $ | 137,150 |  |  | $ | 0 |  |  | $ | (27,715) |  |  | $ | 0 |  |  | $ | 109,435 |
Mortgage-backed securities: residential | 500,278 |  |  | 83 |  |  | (77,952) |  |  | 0 |  |  | 422,409 |
State and municipal securities | 545,073 |  |  | 17 |  |  | (85,508) |  |  | 0 |  |  | 459,582 |
Total | $ | 1,182,501 |  |  | $ | 100 |  |  | $ | (191,175) |  |  | $ | 0 |  |  | $ | 991,426 |
2023 |  |  |  |  |  |  |  |  |
U.S. government sponsored agencies | $ | 146,692 |  |  | $ | 0 |  |  | $ | (27,213) |  |  | $ | 0 |  |  | $ | 119,479 |
Mortgage-backed securities: residential | 522,275 |  |  | 118 |  |  | (74,551) |  |  | 0 |  |  | 447,842 |
State and municipal securities | 557,352 |  |  | 65 |  |  | (73,010) |  |  | 0 |  |  | 484,407 |
Total | $ | 1,226,319 |  |  | $ | 183 |  |  | $ | (174,774) |  |  | $ | 0 |  |  | $ | 1,051,728 |
Schedule of Information Related to the Amortized Cost, Fair Value and Allowance for Credit Losses of Securities Held-to-Maturity and Related Gross Gains and Unrealized Gains and Losses | Information related to the amortized cost, fair value and allowance for credit losses of securities held-to-maturity and the related gross gains and unrealized gains and losses at December 31, 2024 and 2023 is presented in the table below.
(dollars in thousands) |  | Amortized Cost |  | Gross Unrealized Gain |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Fair Value
2024 |  |  |  |  |  |  |  |  |  |
State and municipal securities |  | $ | 131,568 |  |  | $ | 0 |  |  | $ | (18,461) |  |  | $ | 0 |  |  | $ | 113,107 |
2023 |  |  |  |  |  |  |  |  |  |
State and municipal securities |  | $ | 129,918 |  |  | $ | 0 |  |  | $ | (10,703) |  |  | $ | 0 |  |  | $ | 119,215 |
Schedule of Information Regarding the Fair Value and Amortized Cost of Available-for-Sale and Held-to-Maturity Debt Securities by Maturity | Information regarding the fair value and amortized cost of available-for-sale and held-to-maturity debt securities by maturity as of December 31, 2024 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without prepayment penalty.
|  | Available-for-Sale |  | Held-to-Maturity
(dollars in thousands) |  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in one year or less |  | $ | 440 |  |  | $ | 438 |  |  | $ | 0 |  |  | $ | 0 |
Due after one year through five years |  | 8,359 |  |  | 7,778 |  |  | 0 |  |  | 0 |
Due after five years through ten years |  | 60,937 |  |  | 55,046 |  |  | 7,202 |  |  | 6,343 |
Due after ten years |  | 612,487 |  |  | 505,755 |  |  | 124,366 |  |  | 106,764 |
|  | 682,223 |  |  | 569,017 |  |  | 131,568 |  |  | 113,107 |
Mortgage-backed securities |  | 500,278 |  |  | 422,409 |  |  | 0 |  |  | 0 |
Total debt securities |  | $ | 1,182,501 |  |  | $ | 991,426 |  |  | $ | 131,568 |  |  | $ | 113,107 |
Schedule of Security Proceeds, Gross Gains and Gross Losses | Security proceeds, gross gains and gross losses for 2024, 2023 and 2022 were as follows:
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Sales of securities available-for-sale |  |  |  |  |
Proceeds | $ | 7,136 |  |  | $ | 105,175 |  |  | $ | 25,332 |
Gross gains | 0 |  |  | 439 |  |  | 140 |
Gross losses | (46) |  |  | (464) |  |  | (119) |
Number of securities | 15 |  |  | 115 |  |  | 30 |
Schedule of Unrealized Loss Analysis on Available-for-Sale Securities | Information regarding available-for-sale securities securities with unrealized losses as of December 31, 2024 and 2023 is prese nted below. Th e tables distribute the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
| Less than 12 months |  | 12 months or more |  | Total
(dollars in thousands) | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
2024 |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored agencies | $ | 0 |  |  | $ | 0 |  |  | $ | 109,435 |  |  | $ | 27,715 |  |  | $ | 109,435 |  |  | $ | 27,715 |
Mortgage-backed securities: residential | 23,204 |  |  | 249 |  |  | 390,483 |  |  | 77,703 |  |  | 413,687 |  |  | 77,952 |
State and municipal securities | 12,928 |  |  | 439 |  |  | 443,569 |  |  | 85,069 |  |  | 456,497 |  |  | 85,508 |
Total temporarily impaired | $ | 36,132 |  |  | $ | 688 |  |  | $ | 943,487 |  |  | $ | 190,487 |  |  | $ | 979,619 |  |  | $ | 191,175 |
2023 |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored agencies | $ | 0 |  |  | $ | 0 |  |  | $ | 119,479 |  |  | $ | 27,213 |  |  | $ | 119,479 |  |  | $ | 27,213 |
Mortgage-backed securities: residential | 52 |  |  | 0 |  |  | 442,765 |  |  | 74,551 |  |  | 442,817 |  |  | 74,551 |
State and municipal securities | 31,345 |  |  | 440 |  |  | 440,446 |  |  | 72,570 |  |  | 471,791 |  |  | 73,010 |
Total temporarily impaired | $ | 31,397 |  |  | $ | 440 |  |  | $ | 1,002,690 |  |  | $ | 174,334 |  |  | $ | 1,034,087 |  |  | $ | 174,774 |
Schedule of Unrealized Loss Analysis on Held-to-Maturity Securities | Information regarding held-to-maturity securities with unrealized losses as of December 31, 2024 and 2023 is presented below. The table divides the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
|  | Less than 12 months |  | 12 months or more |  | Total
(dollars in thousands) |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
2024 |  |  |  |  |  |  |  |  |  |  |  |
State and municipal securities |  | $ | 0 |  |  | $ | 0 |  |  | $ | 113,107 |  |  | $ | 18,461 |  |  | $ | 113,107 |  |  | $ | 18,461 |
2023 |  |  |  |  |  |  |  |  |  |  |  |
State and municipal securities |  | $ | 0 |  |  | $ | 0 |  |  | $ | 119,215 |  |  | $ | 10,703 |  |  | $ | 119,215 |  |  | $ | 10,703 |
Schedule of Number of Securities with Unrealized Losses of Available for Sale Securities and Held to Maturity Securities | The number of securities with unrealized losses as of December 31, 2024 and 2023 is presented below.
| Available-for-Sale |  | Held-to-Maturity
| Less than 12 months |  | 12 months or more |  | Total |  | Less than 12 months |  | 12 months or more |  | Total
2024 |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored agencies | 0 |  |  | 17 |  |  | 17 |  |  | 0 |  |  | 0 |  |  | 0 |
Mortgage-backed securities: residential | 9 |  |  | 124 |  |  | 133 |  |  | 0 |  |  | 0 |  |  | 0 |
State and municipal securities | 23 |  |  | 392 |  |  | 415 |  |  | 0 |  |  | 41 |  |  | 41 |
Total temporarily impaired | 32 |  |  | 533 |  |  | 565 |  |  | 0 |  |  | 41 |  |  | 41 |
2023 |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored agencies | 0 |  |  | 17 |  |  | 17 |  |  | 0 |  |  | 0 |  |  | 0 |
Mortgage-backed securities: residential | 1 |  |  | 126 |  |  | 127 |  |  | 0 |  |  | 0 |  |  | 0 |
State and municipal securities | 40 |  |  | 370 |  |  | 410 |  |  | 0 |  |  | 41 |  |  | 41 |
Total temporarily impaired | 41 |  |  | 513 |  |  | 554 |  |  | 0 |  |  | 41 |  |  | 41 |

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