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Securities (Tables)

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale 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

Schedule of Held-to-maturity 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

Schedule of Available-for-sale Securities with Unrealized Losses

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

Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity

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

X

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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

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-Name Accounting Standards Codification
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