XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.22.4

Securities | 12 Months Ended
--- | ---
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Securities | Securities The amortized cost, gross unrealized gains and losses, and fair values of available-for-sale and held-to-maturity debt securities by type follows as of December 31,:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
2022 |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. treasury | $ | 62,010 |  |  | $ | — |  |  | $ | (5,361) |  |  | $ | 56,649 |
U.S. agency | 2,881 |  |  | — |  |  | (47) |  |  | 2,834 |
Obligations of states and political subdivisions | 29,897 |  |  | — |  |  | (4,998) |  |  | 24,899 |
Mortgage backed - residential | 129,955 |  |  | 6 |  |  | (13,826) |  |  | 116,135 |
Collateralized mortgage obligations | 225,559 |  |  | — |  |  | (21,294) |  |  | 204,265 |
Mortgage backed - commercial | 130,997 |  |  | — |  |  | (13,661) |  |  | 117,336 |
Other debt | 16,774 |  |  | — |  |  | (1,919) |  |  | 14,855 |
Total available-for-sale | $ | 598,073 |  |  | $ | 6 |  |  | $ | (61,106) |  |  | $ | 536,973 |
Held-to-maturity: |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 25,378 |  |  | $ | 5 |  |  | $ | (4,891) |  |  | $ | 20,492 |
Mortgage backed - residential | 8,705 |  |  | 4 |  |  | (511) |  |  | 8,198 |
Collateralized mortgage obligations | 4,818 |  |  | — |  |  | (290) |  |  | 4,528 |
Total held-to-maturity | $ | 38,901 |  |  | $ | 9 |  |  | $ | (5,692) |  |  | $ | 33,218 |
2021 |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. treasury | 35,400 |  |  | — |  |  | (215) |  |  | 35,185 |
U.S. agency | $ | 6,019 |  |  | $ | — |  |  | $ | (100) |  |  | $ | 5,919 |
Obligations of states and political subdivisions | 3,979 |  |  | — |  |  | (190) |  |  | 3,789 |
Mortgage backed - residential | 138,297 |  |  | 2,018 |  |  | (1,638) |  |  | 138,677 |
Collateralized mortgage obligations | 236,282 |  |  | 1,441 |  |  | (1,939) |  |  | 235,784 |
Mortgage backed - commercial | 150,322 |  |  | 3,424 |  |  | (599) |  |  | 153,147 |
Total available-for-sale | $ | 570,299 |  |  | $ | 6,883 |  |  | $ | (4,681) |  |  | $ | 572,501 |
Held-to-maturity: |  |  |  |  |  |  |
Obligations of states and political subdivisions | 716 |  |  | 25 |  |  | — |  |  | 741 |
Mortgage backed - residential | 10,750 |  |  | 390 |  |  | — |  |  | 11,140 |
Collateralized mortgage obligations | 6,541 |  |  | 177 |  |  | — |  |  | 6,718 |
Total held-to-maturity | $ | 18,007 |  |  | $ | 592 |  |  | $ | — |  |  | $ | 18,599 |
As of December 31, 2022 and 2021, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity. Certain debt securities that have gross unrealized losses and have been in a continuous unrealized loss position for more than one year follows as of December 31,:
| Less than 12 months |  | 12 months or longer |  | Total
| Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Number of Securities
2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury | $ | 25,702 |  |  | $ | (967) |  |  | $ | 30,947 |  |  | $ | (4,394) |  |  | $ | 56,649 |  |  | $ | (5,361) |  |  | 10 |
U.S. agency | — |  |  | — |  |  | 2,834 |  |  | (47) |  |  | 2,834 |  |  | (47) |  |  | 7 |
Obligations of states and political subdivisions | 21,676 |  |  | (3,784) |  |  | 2,753 |  |  | (1,214) |  |  | 24,429 |  |  | (4,998) |  |  | 18 |
Mortgage backed - residential | 51,921 |  |  | (2,939) |  |  | 63,691 |  |  | (10,887) |  |  | 115,612 |  |  | (13,826) |  |  | 87 |
Collateralized mortgage obligations | 111,360 |  |  | (4,631) |  |  | 92,905 |  |  | (16,663) |  |  | 204,265 |  |  | (21,294) |  |  | 66 |
Mortgage backed - commercial | 70,710 |  |  | (6,475) |  |  | 46,626 |  |  | (7,186) |  |  | 117,336 |  |  | (13,661) |  |  | 22 |
Other debt | 14,855 |  |  | (1,919) |  |  | — |  |  | — |  |  | 14,855 |  |  | (1,919) |  |  | 9 |
Total available-for-sale | $ | 296,224 |  |  | $ | (20,715) |  |  | $ | 239,756 |  |  | $ | (40,391) |  |  | $ | 535,980 |  |  | $ | (61,106) |  |  | 219 |
Held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 20,153 |  |  | $ | (4,891) |  |  | $ | — |  |  | $ | — |  |  | $ | 20,153 |  |  | $ | (4,891) |  |  | 8
Mortgage backed - residential | 7,993 |  |  | (511) |  |  | — |  |  | — |  |  | 7,993 |  |  | (511) |  |  | 10
Collateralized mortgage obligations | 4,127 |  |  | (275) |  |  | 401 |  |  | (15) |  |  | 4,528 |  |  | (290) |  |  | 5
Total held-to-maturity | $ | 32,273 |  |  | $ | (5,677) |  |  | $ | 401 |  |  | $ | (15) |  |  | $ | 32,674 |  |  | $ | (5,692) |  |  | 23
| Less than 12 months |  | 12 months or longer |  | Total
| Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Estimated Fair Value |  | Unrealized Losses |  | Number of Securities
2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury | $ | 35,185 |  |  | $ | (215) |  |  | $ | — |  |  | $ | — |  |  | $ | 35,185 |  |  | $ | (215) |  |  | 4
U.S. agency | — |  |  | — |  |  | 5,919 |  |  | (100) |  |  | 5,919 |  |  | (100) |  |  | 7 |
Obligations of states and political subdivisions | 3,232 |  |  | (190) |  |  | — |  |  | — |  |  | 3,232 |  |  | (190) |  |  | 2 |
Mortgage backed - residential | 51,616 |  |  | (530) |  |  | 25,246 |  |  | (1,108) |  |  | 76,862 |  |  | (1,638) |  |  | 17 |
Collateralized mortgage obligations | 115,877 |  |  | (1,938) |  |  | 193 |  |  | (1) |  |  | 116,070 |  |  | (1,939) |  |  | 16 |
Mortgage backed - commercial | 32,872 |  |  | (581) |  |  | 24,170 |  |  | (18) |  |  | 57,042 |  |  | (599) |  |  | 5 |
Total available-for-sale | $ | 238,782 |  |  | $ | (3,454) |  |  | $ | 55,528 |  |  | $ | (1,227) |  |  | $ | 294,310 |  |  | $ | (4,681) |  |  | 51 |
There were no held-to-maturity securities in an unrealized loss position as of December 31, 2021. Estimated fair value is less than amortized cost primarily because of general economic conditions unrelated to the specific issuer. At December 31, 2022 and 2021, management does not believe these securities are other than temporarily impaired for the following reasons: no significant deterioration in the earnings performance, credit rating, asset quality, or business prospects of the issuer; no significant adverse change in the regulatory, economic, or technological environment of the issuer; and no significant adverse change in the general market condition of either the geographic area or the industry in which the issuer operates. Management has the ability and intends to hold these securities and it is likely that management will not be required to sell the securities prior to maturity or until such time as the full amount of investment principal will be returned. The amortized cost and fair value of our debt securities by contractual maturity as of December 31, 2022 are summarized in the following table. Maturities are based on the final contractual payment dates and do not reflect the impact of prepayments or earlier redemptions that may occur.
| Amortized Cost |  | Estimated Fair Value
Available-for-sale: |  |  |
Due within 1 year | $ | 3,528 |  |  | $ | 3,452 |
Due after 1 year through 5 years | 44,335 |  |  | 42,615 |
Due after 5 years through 10 years | 172,918 |  |  | 154,260 |
Due after 10 years | 377,292 |  |  | 336,646 |
Total available-for-sale | $ | 598,073 |  |  | $ | 536,973 |
Held-to-maturity: |  |  |
Due after 1 year through 5 years | $ | 1,154 |  |  | $ | 1,117 |
Due after 5 years through 10 years | 822 |  |  | 800 |
Due after 10 years | 36,925 |  |  | 31,301 |
Total held-to-maturity | $ | 38,901 |  |  | $ | 33,218 |
Securities with a carrying value of $428,721 and $465,665 were pledged to secure public deposits, securities sold under agreements to repurchase and borrowed funds at December 31, 2022 and 2021, respectively. The proceeds from sales and calls of securities for the year ended December 31, 2022 was $81,016. For the year ended December 31, 2022 there were no gross investment gains or losses resulting from the sale of securities. There were no proceeds from sales and calls of securities for the year ended December 31, 2021. For the year ended December 31, 2020, we recognized gross investment gains of $446 and gross investment losses of $293, resulting from the sale of securities.

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 The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration