Securities (Tables)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Securities Available-for-Sale

The amortized cost, unrealized gross gains and losses recognized in accumulated other comprehensive income (loss), and fair value of Securities Available-for-Sale were as follows:


Securities Available-for-Sale:	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value

June 30, 2021
Obligations of State and Political Subdivisions	$	701,326	$	33,137	$	(566)	$	—	$	733,897
MBS/CMO	704,460		7,283		(5,248)		—		706,495
US Gov't Sponsored Entities & Agencies	145,258		344		(646)		—		144,956
Total	$	1,551,044	$	40,764	$	(6,460)	$	—	$	1,585,348

December 31, 2020
Obligations of State and Political Subdivisions	$	548,273	$	33,077	$	(103)	$	—	$	581,247
MBS/CMO	535,526		12,806		(25)		—		548,307
US Gov't Sponsored Entities & Agencies	88,376		120		(198)		—		88,298
Total	$	1,172,175	$	46,003	$	(326)	$	—	$	1,217,852

Schedule of Securities by Contractual Maturity

The amortized cost and fair value of Securities at June 30, 2021 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because some issuers have the right to call or prepay certain obligations with or without call or prepayment penalties. Mortgage-backed Securities are not due at a single maturity date and are shown separately.


Securities Available-for-Sale:	Amortized Cost		Fair Value

Due in one year or less	$	3,913	$	3,932
Due after one year through five years	17,534		18,232
Due after five years through ten years	67,849		72,725
Due after ten years	612,030		639,008
MBS/CMO	704,460		706,495
US Gov't Sponsored Entities & Agencies	145,258		144,956
Total	$	1,551,044	$	1,585,348

Schedule of Proceeds from the Sales of Securities

Proceeds from the Sales of Securities are summarized below:


	Three Months Ended		Three Months Ended
	June 30, 2021		June 30, 2020

Proceeds from Sales	$	15,378	$	52,435
Gross Gains on Sales	300		993
Income Taxes on Gross Gains	63		209


	Six Months Ended		Six Months Ended
	June 30, 2021		June 30, 2020

Proceeds from Sales	$	66,748	$	63,424
Gross Gains on Sales	1,275		1,583
Income Taxes on Gross Gains	268		336

Schedule of Securities with Unrealized Losses

Below is a summary of securities with unrealized losses as of June 30, 2021 and December 31, 2020, presented by length of time the securities have been in a continuous unrealized loss position:


	Less than 12 Months				12 Months or More				Total
June 30, 2021	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss

Obligations of State and Political Subdivisions	$	77,284	$	(566)	$	—	$	—	$	77,284	$	(566)
MBS/CMO	327,140		(5,246)		213		(2)		327,353		(5,248)
US Gov't Sponsored Entities & Agencies	82,189		(646)		—		—		82,189		(646)
Total	$	486,613	$	(6,458)	$	213	$	(2)	$	486,826	$	(6,460)


	Less than 12 Months				12 Months or More				Total
December 31, 2020	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss

Obligations of State and Political Subdivisions	$	10,652	$	(103)	$	—	$	—	$	10,652	$	(103)
MBS/CMO	19,631		(25)		—		—		19,631		(25)
US Gov't Sponsored Entities & Agencies	59,054		(198)		—		—		59,054		(198)
Total	$	89,337	$	(326)	$	—	$	—	$	89,337	$	(326)