XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.22.1

Investment Securities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |  |  | Allowance for Investment Credit Losses |
|  | (dollars in thousands) |
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 51,506 |  |  | $ | 46 |  |  | $ | (3,003 | ) |  | $ | 48,549 |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 320,605 |  |  |  | 160 |  |  |  | (19,789 | ) |  |  | 300,976 |  |  |  | - |
Commercial mortgage pass-through securities |  |  | 18,713 |  |  |  | 8 |  |  |  | (1,313 | ) |  |  | 17,408 |  |  |  | - |
Obligations of U.S. states and political subdivisions |  |  | 144,474 |  |  |  | 446 |  |  |  | (7,869 | ) |  |  | 137,051 |  |  |  | - |
Corporate bonds and notes |  |  | 5,477 |  |  |  | 35 |  |  |  | (11 | ) |  |  | 5,501 |  |  |  | - |
Asset-backed securities |  |  | 2,364 |  |  |  | 7 |  |  |  | (17 | ) |  |  | 2,354 |  |  |  |  |
Other securities |  |  | 191 |  |  |  | - |  |  |  | - |  |  |  | 191 |  |  |  | - |
Total securities available-for-sale |  | $ | 543,330 |  |  | $ | 702 |  |  | $ | (32,002 | ) |  | $ | 512,030 |  |  | $ | - |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 50,336 |  |  | $ | 649 |  |  | $ | (625 | ) |  | $ | 50,360 |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 317,111 |  |  |  | 1,868 |  |  |  | (2,884 | ) |  |  | 316,095 |  |  |  | - |
Commercial mortgage pass-through securities |  |  | 10,814 |  |  |  | 118 |  |  |  | (463 | ) |  |  | 10,469 |  |  |  | - |
Obligations of U.S. states and political subdivisions |  |  | 145,045 |  |  |  | 1,562 |  |  |  | (982 | ) |  |  | 145,625 |  |  |  | - |
Corporate bonds and notes |  |  | 8,968 |  |  |  | 81 |  |  |  | - |  |  |  | 9,049 |  |  |  | - |
Asset-backed securities |  |  | 2,563 |  |  |  | 3 |  |  |  | (2 | ) |  |  | 2,564 |  |  |  | - |
Certificates of deposit |  |  | 150 |  |  |  | - |  |  |  | - |  |  |  | 150 |  |  |  | - |
Other securities |  |  | 195 |  |  |  | - |  |  |  | - |  |  |  | 195 |  |  |  | - |
Total securities available-for-sale |  | $ | 535,182 |  |  | $ | 4,281 |  |  | $ | (4,956 | ) |  | $ | 534,507 |  |  | $ | - |
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | March 31, 2022 |
|  | Amortized Cost |  |  | Fair Value |
|  | (dollars in thousands) |
Securities available-for-sale: |  |  |  |  |  |
Due in one year or less |  | $ | 3,391 |  |  | $ | 3,394 |
Due after one year through five years |  |  | 6,118 |  |  |  | 6,135 |
Due after five years through ten years |  |  | 4,694 |  |  |  | 4,774 |
Due after ten years |  |  | 189,618 |  |  |  | 179,152 |
Residential mortgage pass-through securities |  |  | 320,605 |  |  |  | 300,976 |
Commercial mortgage pass-through securities |  |  | 18,713 |  |  |  | 17,408 |
Other securities |  |  | 191 |  |  |  | 191 |
Total securities available-for-sale |  | $ | 543,330 |  |  | $ | 512,030 |
Schedule of Unrealized Loss on Investments [Table Text Block] |
|  | March 31, 2022 |
|  | Total |  |  | Less than 12 Months |  |  | 12 Months or Longer |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (dollars in thousands) |
Investment Securities Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 43,257 |  |  | $ | (3,003 | ) |  | $ | 43,257 |  |  | $ | (3,003 | ) |  | $ | - |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 284,118 |  |  |  | (19,789 | ) |  |  | 223,718 |  |  |  | (14,696 | ) |  |  | 60,400 |  |  |  | (5,093 | )
Commercial mortgage pass-through securities |  |  | 14,437 |  |  |  | (1,313 | ) |  |  | 10,532 |  |  |  | (483 | ) |  |  | 3,905 |  |  |  | (830 | )
Obligations of U.S. states and political subdivisions |  |  | 111,635 |  |  |  | (7,869 | ) |  |  | 111,635 |  |  |  | (7,869 | ) |  |  | - |  |  |  | - |
Corporate bonds and notes |  |  | 1,988 |  |  |  | (11 | ) |  |  | 1,988 |  |  |  | (11 | ) |  |  | - |  |  |  | - |
Asset-backed securities |  |  | 1,837 |  |  |  | (17 | ) |  |  | 1,837 |  |  |  | (17 | ) |  |  | - |  |  |  | - |
Total temporarily impaired securities |  | $ | 457,272 |  |  | $ | (32,002 | ) |  | $ | 392,967 |  |  | $ | (26,079 | ) |  | $ | 64,305 |  |  | $ | (5,923 | )
|  | December 31, 2021 |
|  | Total |  |  | Less than 12 Months |  |  | 12 Months or Longer |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (dollars in thousands) |
Investment Securities Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 28,974 |  |  | $ | (625 | ) |  | $ | 28,974 |  |  | $ | (625 | ) |  | $ | - |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 246,396 |  |  |  | (2,884 | ) |  |  | 214,701 |  |  |  | (2,111 | ) |  |  | 31,695 |  |  |  | (773 | )
Commercial mortgage pass-through securities |  |  | 8,370 |  |  |  | (463 | ) |  |  | 4,682 |  |  |  | (75 | ) |  |  | 3,688 |  |  |  | (388 | )
Obligations of U.S. states and political subdivisions |  |  | 89,473 |  |  |  | (982 | ) |  |  | 89,473 |  |  |  | (982 | ) |  |  | - |  |  |  | - |
Asset-backed securities |  |  | 802 |  |  |  | (2 | ) |  |  | 802 |  |  |  | (2 | ) |  |  | - |  |  |  | - |
Total Temporarily Impaired Securities |  | $ | 374,015 |  |  | $ | (4,956 | ) |  | $ | 338,632 |  |  | $ | (3,795 | ) |  | $ | 35,383 |  |  | $ | (1,161 | )

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration