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v3.25.2

Securities - Schedule of Fair Value of Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | --- | --- | --- | --- | ---
Available for sale |  |  |  |  |  |
Amortized Cost | $ 280,049 |  | $ 282,022 |  |  |
Allowance for Credit Losses | (150) | $ 0 | 0 | $ 0 | $ 0 | $ 0
Total available for sale investment securities, amortized cost | 279,899 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (47,900) |  | (48,345) |  |  |
Fair Value | 231,999 |  | 233,677 |  |  |
Held to maturity |  |  |  |  |  |
Amortized Cost | 1,819,229 |  | 1,867,848 |  |  |
Allowance for Credit Losses | (142) |  |  |  |  |
Net Carrying Amount | 1,819,087 |  |  |  |  |
Gross Unrealized Gains | 948 |  | 958 |  |  |
Gross Unrealized Losses | (283,197) |  | (302,538) |  |  |
Fair Value | 1,536,980 |  | 1,566,268 |  |  |
Less: Allowance for credit losses | (142) | $ (140) | (158) | $ (158) | $ (158) | $ (157)
Held to maturity securities, net of allowance for credit losses | 1,819,087 |  | 1,867,690 |  |  |
U.S. Treasury, federal agencies, and government sponsored agencies |  |  |  |  |  |
Available for sale |  |  |  |  |  |
Amortized Cost | 2,143 |  | 2,258 |  |  |
Allowance for Credit Losses | 0 |  | 0 |  |  |
Total available for sale investment securities, amortized cost | 2,143 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (391) |  | (457) |  |  |
Fair Value | 1,752 |  | 1,801 |  |  |
Held to maturity |  |  |  |  |  |
Amortized Cost | 275,720 |  | 278,383 |  |  |
Allowance for Credit Losses | 0 |  |  |  |  |
Net Carrying Amount | 275,720 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (32,635) |  | (39,253) |  |  |
Fair Value | 243,085 |  | 239,130 |  |  |
State and municipal |  |  |  |  |  |
Available for sale |  |  |  |  |  |
Amortized Cost | 242,682 |  | 243,521 |  |  |
Allowance for Credit Losses | 0 |  | 0 |  |  |
Total available for sale investment securities, amortized cost | 242,682 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (40,941) |  | (41,687) |  |  |
Fair Value | 201,741 |  | 201,834 |  |  |
Held to maturity |  |  |  |  |  |
Amortized Cost | 1,023,861 |  | 1,048,862 |  |  |
Allowance for Credit Losses | (13) |  |  |  |  |
Net Carrying Amount | 1,023,848 |  |  |  |  |
Gross Unrealized Gains | 948 |  | 958 |  |  |
Gross Unrealized Losses | (187,047) |  | (183,114) |  |  |
Fair Value | 837,762 |  | 866,706 |  |  |
U.S. government agency mortgage-backed securities |  |  |  |  |  |
Available for sale |  |  |  |  |  |
Amortized Cost | 16,967 |  | 17,984 |  |  |
Allowance for Credit Losses | 0 |  | 0 |  |  |
Total available for sale investment securities, amortized cost | 16,967 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (2,872) |  | (3,441) |  |  |
Fair Value | 14,095 |  | 14,543 |  |  |
Held to maturity |  |  |  |  |  |
Amortized Cost | 335,333 |  | 349,726 |  |  |
Allowance for Credit Losses | 0 |  |  |  |  |
Net Carrying Amount | 335,333 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (43,481) |  | (54,904) |  |  |
Fair Value | 291,852 |  | 294,822 |  |  |
Private labeled mortgage-backed pools |  |  |  |  |  |
Held to maturity |  |  |  |  |  |
Amortized Cost | 27,816 |  | 29,278 |  |  |
Allowance for Credit Losses | (1) |  |  |  |  |
Net Carrying Amount | 27,815 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (3,372) |  | (3,958) |  |  |
Fair Value | 24,444 |  | 25,320 |  |  |
Corporate notes |  |  |  |  |  |
Available for sale |  |  |  |  |  |
Amortized Cost | 18,257 |  | 18,259 |  |  |
Allowance for Credit Losses | (150) |  | 0 |  |  |
Total available for sale investment securities, amortized cost | 18,107 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (3,696) |  | (2,760) |  |  |
Fair Value | 14,411 |  | 15,499 |  |  |
Held to maturity |  |  |  |  |  |
Amortized Cost | 156,499 |  | 161,599 |  |  |
Allowance for Credit Losses | (128) |  |  |  |  |
Net Carrying Amount | 156,371 |  |  |  |  |
Gross Unrealized Gains | 0 |  | 0 |  |  |
Gross Unrealized Losses | (16,662) |  | (21,309) |  |  |
Fair Value | $ 139,837 |  | $ 140,290 |  |  |

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