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v3.22.1

Securities (Tables) | 3 Months Ended
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Mar. 31, 2022
Securities |
Schedule of amortized cost and fair value of the securities portfolio and corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
March 31, 2022 |  | Cost1 |  | Gains |  | Losses | ​ | Value
Securities available-for-sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury | ​ | $ | 227,646 | ​ | $ | 13 | ​ | $ | (7,096) | ​ | $ | 220,563
U.S. government agencies | ​ | ​ | 62,029 | ​ | ​ | - | ​ | ​ | (2,993) | ​ | ​ | 59,036
U.S. government agencies mortgage-backed | ​ | ​ | 161,119 | ​ | ​ | 117 | ​ | ​ | (8,088) | ​ | ​ | 153,148
States and political subdivisions | ​ | ​ | 237,988 | ​ | ​ | 4,358 | ​ | ​ | (5,938) | ​ | ​ | 236,408
Corporate bonds | ​ | ​ | 10,000 | ​ | ​ | - | ​ | ​ | (317) | ​ | ​ | 9,683
Collateralized mortgage obligations | ​ | ​ | 720,960 | ​ | ​ | 298 | ​ | ​ | (24,745) | ​ | ​ | 696,513
Asset-backed securities | ​ | ​ | 278,941 | ​ | ​ | 240 | ​ | ​ | (4,240) | ​ | ​ | 274,941
Collateralized loan obligations | ​ | ​ | 167,124 | ​ | ​ | 3 | ​ | ​ | (969) | ​ | ​ | 166,158
Total securities available-for-sale | ​ | $ | 1,865,807 | ​ | $ | 5,029 | ​ | $ | (54,386) | ​ | $ | 1,816,450
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Gross | ​ | Gross | ​ | ​ | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Fair
December 31, 2021 |  | Cost1 |  | Gains |  | Losses | ​ | Value
Securities available-for-sale | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Treasury | ​ | $ | 202,251 | ​ | $ | 125 | ​ | $ | (37) | ​ | $ | 202,339
U.S. government agencies | ​ | ​ | 62,587 | ​ | ​ | - | ​ | ​ | (699) | ​ | ​ | 61,888
U.S. government agencies mortgage-backed | ​ | ​ | 172,016 | ​ | ​ | 856 | ​ | ​ | (570) | ​ | ​ | 172,302
States and political subdivisions | ​ | ​ | 240,793 | ​ | ​ | 16,344 | ​ | ​ | (672) | ​ | ​ | 256,465
Corporate bonds | ​ | ​ | 10,000 | ​ | ​ | - | ​ | ​ | (113) | ​ | ​ | 9,887
Collateralized mortgage obligations | ​ | ​ | 673,238 | ​ | ​ | 2,014 | ​ | ​ | (2,285) | ​ | ​ | 672,967
Asset-backed securities | ​ | ​ | 236,293 | ​ | ​ | 1,245 | ​ | ​ | (661) | ​ | ​ | 236,877
Collateralized loan obligations | ​ | ​ | 79,838 | ​ | ​ | 3 | ​ | ​ | (78) | ​ | ​ | 79,763
Total securities available-for-sale | ​ | $ | 1,677,016 | ​ | $ | 20,587 | ​ | $ | (5,115) | ​ | $ | 1,692,488
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ 1 Excludes accrued interest receivable of $5.2 million and $4.3 million at March 31, 2022 and December 31, 2021, respectively, that is recorded in other assets on the consolidated balance sheet.
Schedule of fair value, amortized cost and weighted average yield of debt securities by contractual maturity along with securities not due at a single maturity date, primarily mortgage-backed securities (MBS), asset-backed securities, and collateralized loan obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Average | ​ | ​ | Fair | ​
Securities available-for-sale |  | Cost |  | Yield | ​ |  | Value |
Due in one year or less | ​ | $ | 7,451 | ​ | 1.47 | % | ​ | $ | 7,458 | ​
Due after one year through five years | ​ | ​ | 300,065 | ​ | 0.95 | ​ | ​ | ​ | 289,731 | ​
Due after five years through ten years | ​ | ​ | 46,076 | ​ | 2.50 | ​ | ​ | ​ | 44,739 | ​
Due after ten years | ​ | ​ | 184,071 | ​ | 2.98 | ​ | ​ | ​ | 183,762 | ​
​ | ​ | ​ | 537,663 | ​ | 1.78 | ​ | ​ | ​ | 525,690 | ​
Mortgage-backed and collateralized mortgage obligations | ​ | ​ | 882,079 | ​ | 1.50 | ​ | ​ | ​ | 849,661 | ​
Asset-backed securities | ​ | ​ | 278,941 | ​ | 1.33 | ​ | ​ | ​ | 274,941 | ​
Collateralized loan obligations | ​ | ​ | 167,124 | ​ | 2.06 | ​ | ​ | ​ | 166,158 | ​
Total securities available-for-sale | ​ | $ | 1,865,807 | ​ | 1.61 | % | ​ | $ | 1,816,450 | ​
Schedule of securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less than 12 months | ​ | 12 months or more | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2022 | ​ | in an unrealized loss position | ​ | in an unrealized loss position | ​ | Total
​ | ​ | Number of | ​ | Unrealized | ​ | Fair | ​ | Number of | ​ | Unrealized | ​ | Fair | ​ | Number of | ​ | Unrealized | ​ | Fair
Securities available-for-sale |  | Securities |  | Losses |  | Value |  | Securities |  | Losses |  | Value |  | Securities |  | Losses |  | Value
U.S. Treasuries | ​ | 5 | ​ | $ | 7,096 | ​ | $ | 216,531 | ​ | - | ​ | $ | - | ​ | $ | - | ​ | 5 | ​ | $ | 7,096 | ​ | $ | 216,531
U.S. government agencies | ​ | 5 | ​ | ​ | 2,884 | ​ | ​ | 54,588 | ​ | 4 | ​ | ​ | 109 | ​ | ​ | 4,448 | ​ | 9 | ​ | ​ | 2,993 | ​ | ​ | 59,036
U.S. government agencies mortgage-backed | ​ | 124 | ​ | ​ | 7,322 | ​ | ​ | 142,866 | ​ | 5 | ​ | ​ | 766 | ​ | ​ | 5,341 | ​ | 129 | ​ | ​ | 8,088 | ​ | ​ | 148,207
States and political subdivisions | ​ | 27 | ​ | ​ | 4,535 | ​ | ​ | 90,991 | ​ | 1 | ​ | ​ | 1,403 | ​ | ​ | 3,232 | ​ | 28 | ​ | ​ | 5,938 | ​ | ​ | 94,223
Corporate bonds | ​ | 2 | ​ | ​ | 317 | ​ | ​ | 9,683 | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | 2 | ​ | ​ | 317 | ​ | ​ | 9,683
Collateralized mortgage obligations | ​ | 208 | ​ | ​ | 24,649 | ​ | ​ | 647,144 | ​ | 1 | ​ | ​ | 96 | ​ | ​ | 7,366 | ​ | 209 | ​ | ​ | 24,745 | ​ | ​ | 654,510
Asset-backed securities | ​ | 41 | ​ | ​ | 4,109 | ​ | ​ | 230 | ​ | 4 | ​ | ​ | 131 | ​ | ​ | 4,534 | ​ | 45 | ​ | ​ | 4,240 | ​ | ​ | 4,764
Collateralized loan obligations | ​ | 22 | ​ | ​ | 885 | ​ | ​ | 128,303 | ​ | 2 | ​ | ​ | 84 | ​ | ​ | 10,587 | ​ | 24 | ​ | ​ | 969 | ​ | ​ | 138,890
Total securities available-for-sale | ​ | 434 | ​ | $ | 51,797 | ​ | $ | 1,290,336 | ​ | 17 | ​ | $ | 2,589 | ​ | $ | 35,508 | ​ | 451 | ​ | $ | 54,386 | ​ | $ | 1,325,844
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less than 12 months | ​ | 12 months or more | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2021 | ​ | in an unrealized loss position | ​ | in an unrealized loss position | ​ | Total
​ | ​ | Number of | ​ | Unrealized | ​ | ​ | Fair | ​ | Number of | ​ | Unrealized | ​ | ​ | Fair | ​ | Number of | ​ | Unrealized | ​ | ​ | Fair
Securities available-for-sale |  | Securities |  | Losses |  | ​ | Value |  | Securities |  | Losses |  | ​ | Value |  | Securities |  | Losses |  | ​ | Value
U.S. Treasuries | ​ | 1 | ​ | $ | 37 | ​ | $ | 49,719 | ​ | - | ​ | $ | - | ​ | $ | - | ​ | 1 | ​ | $ | 37 | ​ | $ | 49,719
U.S. government agencies | ​ | 5 | ​ | ​ | 592 | ​ | ​ | 56,879 | ​ | 4 | ​ | ​ | 107 | ​ | ​ | 5,008 | ​ | 9 | ​ | ​ | 699 | ​ | ​ | 61,887
U.S. government agencies mortgage-backed | ​ | 63 | ​ | ​ | 505 | ​ | ​ | 78,711 | ​ | 1 | ​ | ​ | 65 | ​ | ​ | 1,663 | ​ | 64 | ​ | ​ | 570 | ​ | ​ | 80,374
States and political subdivisions | ​ | 7 | ​ | ​ | 55 | ​ | ​ | 8,430 | ​ | 1 | ​ | ​ | 617 | ​ | ​ | 4,051 | ​ | 8 | ​ | ​ | 672 | ​ | ​ | 12,481
Corporate bonds | ​ | 2 | ​ | ​ | 113 | ​ | ​ | 9,887 | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | 2 | ​ | ​ | 113 | ​ | ​ | 9,887
Collateralized mortgage obligations | ​ | 133 | ​ | ​ | 2,285 | ​ | ​ | 381,658 | ​ | - | ​ | ​ | - | ​ | ​ | - | ​ | 133 | ​ | ​ | 2,285 | ​ | ​ | 381,658
Asset-backed securities | ​ | 20 | ​ | ​ | 608 | ​ | ​ | 103,819 | ​ | 3 | ​ | ​ | 53 | ​ | ​ | 3,276 | ​ | 23 | ​ | ​ | 661 | ​ | ​ | 107,095
Collateralized loan obligations | ​ | 10 | ​ | ​ | 35 | ​ | ​ | 45,132 | ​ | 2 | ​ | ​ | 43 | ​ | ​ | 10,628 | ​ | 12 | ​ | ​ | 78 | ​ | ​ | 55,760
Total securities available-for-sale | ​ | 241 | ​ | $ | 4,230 | ​ | $ | 734,235 | ​ | 11 | ​ | $ | 885 | ​ | $ | 24,626 | ​ | 252 | ​ | $ | 5,115 | ​ | $ | 758,861
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- Definition Tabular disclosure of the reconciliation of available-for-sale securities and held-to-maturity securities from cost basis to fair value. + References No definition available. + Details
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- 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
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- 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 http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 + Details
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