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v3.25.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2025
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:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
March 31, 2025 |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. treasury | $ | 35,210 |  |  | $ | — |  |  | $ | (2,869) |  |  | $ | 32,341 |
U.S. agency | 584 |  |  | — |  |  | (8) |  |  | 576 |
Obligations of states and political subdivisions | 28,304 |  |  | 35 |  |  | (1,861) |  |  | 26,478 |
Mortgage backed - residential | 115,425 |  |  | 183 |  |  | (13,976) |  |  | 101,632 |
Collateralized mortgage obligations | 179,091 |  |  | 2 |  |  | (18,210) |  |  | 160,883 |
Mortgage backed - commercial | 154,066 |  |  | 468 |  |  | (11,643) |  |  | 142,891 |
Other debt | 15,472 |  |  | 342 |  |  | — |  |  | 15,814 |
Total available-for-sale | $ | 528,152 |  |  | $ | 1,030 |  |  | $ | (48,567) |  |  | $ | 480,615 |
Held-to-maturity: |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 25,757 |  |  | $ | 1 |  |  | $ | (4,343) |  |  | $ | 21,415 |
Mortgage backed - residential | 6,158 |  |  | 1 |  |  | (516) |  |  | 5,643 |
Collateralized mortgage obligations | 2,999 |  |  | — |  |  | (176) |  |  | 2,823 |
Total held-to-maturity | $ | 34,914 |  |  | $ | 2 |  |  | $ | (5,035) |  |  | $ | 29,881 |
December 31, 2024 |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. treasury | $ | 35,224 |  |  | $ | — |  |  | $ | (3,494) |  |  | $ | 31,730 |
U.S. agency | 665 |  |  | — |  |  | (9) |  |  | 656 |
Obligations of states and political subdivisions | 27,709 |  |  | 31 |  |  | (2,041) |  |  | 25,699 |
Mortgage backed - residential | 111,038 |  |  | 128 |  |  | (14,887) |  |  | 96,279 |
Collateralized mortgage obligations | 183,718 |  |  | 3 |  |  | (19,374) |  |  | 164,347 |
Mortgage backed - commercial | 147,374 |  |  | 357 |  |  | (12,904) |  |  | 134,827 |
Other debt | 15,122 |  |  | 416 |  |  | — |  |  | 15,538 |
Total available-for-sale | $ | 520,850 |  |  | $ | 935 |  |  | $ | (52,709) |  |  | $ | 469,076 |
Held-to-maturity: |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 25,713 |  |  | $ | — |  |  | $ | (4,899) |  |  | $ | 20,814 |
Mortgage backed - residential | 6,373 |  |  | 1 |  |  | (576) |  |  | 5,798 |
Collateralized mortgage obligations | 3,156 |  |  | — |  |  | (205) |  |  | 2,951 |
Total held-to-maturity | $ | 35,242 |  |  | $ | 1 |  |  | $ | (5,680) |  |  | $ | 29,563 |
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:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
March 31, 2025 |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. treasury | $ | 35,210 |  |  | $ | — |  |  | $ | (2,869) |  |  | $ | 32,341 |
U.S. agency | 584 |  |  | — |  |  | (8) |  |  | 576 |
Obligations of states and political subdivisions | 28,304 |  |  | 35 |  |  | (1,861) |  |  | 26,478 |
Mortgage backed - residential | 115,425 |  |  | 183 |  |  | (13,976) |  |  | 101,632 |
Collateralized mortgage obligations | 179,091 |  |  | 2 |  |  | (18,210) |  |  | 160,883 |
Mortgage backed - commercial | 154,066 |  |  | 468 |  |  | (11,643) |  |  | 142,891 |
Other debt | 15,472 |  |  | 342 |  |  | — |  |  | 15,814 |
Total available-for-sale | $ | 528,152 |  |  | $ | 1,030 |  |  | $ | (48,567) |  |  | $ | 480,615 |
Held-to-maturity: |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 25,757 |  |  | $ | 1 |  |  | $ | (4,343) |  |  | $ | 21,415 |
Mortgage backed - residential | 6,158 |  |  | 1 |  |  | (516) |  |  | 5,643 |
Collateralized mortgage obligations | 2,999 |  |  | — |  |  | (176) |  |  | 2,823 |
Total held-to-maturity | $ | 34,914 |  |  | $ | 2 |  |  | $ | (5,035) |  |  | $ | 29,881 |
December 31, 2024 |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. treasury | $ | 35,224 |  |  | $ | — |  |  | $ | (3,494) |  |  | $ | 31,730 |
U.S. agency | 665 |  |  | — |  |  | (9) |  |  | 656 |
Obligations of states and political subdivisions | 27,709 |  |  | 31 |  |  | (2,041) |  |  | 25,699 |
Mortgage backed - residential | 111,038 |  |  | 128 |  |  | (14,887) |  |  | 96,279 |
Collateralized mortgage obligations | 183,718 |  |  | 3 |  |  | (19,374) |  |  | 164,347 |
Mortgage backed - commercial | 147,374 |  |  | 357 |  |  | (12,904) |  |  | 134,827 |
Other debt | 15,122 |  |  | 416 |  |  | — |  |  | 15,538 |
Total available-for-sale | $ | 520,850 |  |  | $ | 935 |  |  | $ | (52,709) |  |  | $ | 469,076 |
Held-to-maturity: |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 25,713 |  |  | $ | — |  |  | $ | (4,899) |  |  | $ | 20,814 |
Mortgage backed - residential | 6,373 |  |  | 1 |  |  | (576) |  |  | 5,798 |
Collateralized mortgage obligations | 3,156 |  |  | — |  |  | (205) |  |  | 2,951 |
Total held-to-maturity | $ | 35,242 |  |  | $ | 1 |  |  | $ | (5,680) |  |  | $ | 29,563 |
Schedule of Fair Value and Unrealized Losses on Debt Securities in Continuous Unrealized Loss Position | Fair value and unrealized losses on debt securities by type and length of time in a continuous unrealized loss position without an allowance for credit losses were as follows:
| 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
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury | $ | — |  |  | $ | — |  |  | $ | 32,340 |  |  | $ | (2,869) |  |  | $ | 32,340 |  |  | $ | (2,869) |  |  | 4 |
U.S. agency | — |  |  | — |  |  | 576 |  |  | (8) |  |  | 576 |  |  | (8) |  |  | 6 |
Obligations of states and political subdivisions | — |  |  | — |  |  | 22,952 |  |  | (1,861) |  |  | 22,952 |  |  | (1,861) |  |  | 17 |
Mortgage backed - residential | 9,854 |  |  | (47) |  |  | 85,034 |  |  | (13,929) |  |  | 94,888 |  |  | (13,976) |  |  | 86 |
Collateralized mortgage obligations | 6,694 |  |  | (9) |  |  | 150,406 |  |  | (18,201) |  |  | 157,100 |  |  | (18,210) |  |  | 61 |
Mortgage backed - commercial | 1,716 |  |  | (40) |  |  | 109,516 |  |  | (11,603) |  |  | 111,232 |  |  | (11,643) |  |  | 23 |
Total available-for-sale | $ | 18,264 |  |  | $ | (96) |  |  | $ | 400,824 |  |  | $ | (48,471) |  |  | $ | 419,088 |  |  | $ | (48,567) |  |  | 197 |
Held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | — |  |  | $ | — |  |  | $ | 21,086 |  |  | $ | (4,343) |  |  | $ | 21,086 |  |  | $ | (4,343) |  |  | 8
Mortgage backed - residential | — |  |  | — |  |  | 5,559 |  |  | (516) |  |  | 5,559 |  |  | (516) |  |  | 10
Collateralized mortgage obligations | — |  |  | — |  |  | 2,823 |  |  | (176) |  |  | 2,823 |  |  | (176) |  |  | 5
Total held-to-maturity | $ | — |  |  | $ | — |  |  | $ | 29,468 |  |  | $ | (5,035) |  |  | $ | 29,468 |  |  | $ | (5,035) |  |  | 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
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury | $ | — |  |  | $ | — |  |  | $ | 31,730 |  |  | $ | (3,494) |  |  | $ | 31,730 |  |  | $ | (3,494) |  |  | 4 |
U.S. agency | — |  |  | — |  |  | 656 |  |  | (9) |  |  | 656 |  |  | (9) |  |  | 7 |
Obligations of states and political subdivisions | — |  |  | — |  |  | 22,253 |  |  | (2,041) |  |  | 22,253 |  |  | (2,041) |  |  | 17 |
Mortgage backed - residential | 3,788 |  |  | (49) |  |  | 86,626 |  |  | (14,838) |  |  | 90,414 |  |  | (14,887) |  |  | 81 |
Collateralized mortgage obligations | 10,785 |  |  | (12) |  |  | 146,740 |  |  | (19,362) |  |  | 157,525 |  |  | (19,374) |  |  | 62 |
Mortgage backed - commercial | 1,705 |  |  | (51) |  |  | 112,801 |  |  | (12,853) |  |  | 114,506 |  |  | (12,904) |  |  | 23 |
Total available-for-sale | $ | 16,278 |  |  | $ | (112) |  |  | $ | 400,806 |  |  | $ | (52,597) |  |  | $ | 417,084 |  |  | $ | (52,709) |  |  | 194 |
Held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 329 |  |  | $ | — |  |  | $ | 20,485 |  |  | $ | (4,899) |  |  | $ | 20,814 |  |  | $ | (4,899) |  |  | 9
Mortgage backed - residential | — |  |  | — |  |  | 5,703 |  |  | (576) |  |  | 5,703 |  |  | (576) |  |  | 10
Collateralized mortgage obligations | — |  |  | — |  |  | 2,951 |  |  | (205) |  |  | 2,951 |  |  | (205) |  |  | 5
Total held-to-maturity | $ | 329 |  |  | $ | — |  |  | $ | 29,139 |  |  | $ | (5,680) |  |  | $ | 29,468 |  |  | $ | (5,680) |  |  | 24
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 March 31, 2025 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 | $ | 430 |  |  | $ | 429 |
Due after 1 year through 5 years | 105,343 |  |  | 100,332 |
Due after 5 years through 10 years | 118,985 |  |  | 109,182 |
Due after 10 years | 303,394 |  |  | 270,672 |
Total available-for-sale | $ | 528,152 |  |  | $ | 480,615 |
Held-to-maturity: |  |  |
Due after 1 year through 5 years | $ | 815 |  |  | $ | 802 |
Due after 5 years through 10 years | 3,529 |  |  | 3,322 |
Due after 10 years | 30,570 |  |  | 25,757 |
Total held-to-maturity | $ | 34,914 |  |  | $ | 29,881 |

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