XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.2
SECURITIES (Tables)
6 Months Ended
Jun. 30, 2021
SECURITIES  
Summary of carrying balances of securities

June 30, 

December 31, 

2021

    

2020

(dollars in thousands)

Debt securities available-for-sale

$

836,267

$

922,869

Debt securities held-to-maturity

309,132

68,395

Equity securities with readily determinable fair value

3,338

3,292

Equity securities with no readily determinable fair value

1,552

1,552

Total securities

$

1,150,289

$

996,108

Schedule of gains (losses) on securities

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2021

    

2020

2021

    

2020

(dollars in thousands)

Net realized gains (losses) on sales

$

$

$

$

Net unrealized gains (losses) on equity securities:

Readily determinable fair value

6

57

46

5

No readily determinable fair value

Gains (losses) on securities

$

6

$

57

$

46

$

5

Schedule of certain debt securities from the available-for-sale category to the held-to-maturity category

June 30, 2021

March 31, 2021

Amortized

Amortized

Cost

Fair Value

Cost

    

Fair Value

(dollars in thousands)

U.S. government agency

$

$

$

7,593

$

7,323

Mortgage-backed:

Agency residential

8,776

8,536

Agency commercial

99,271

99,275

118,792

113,861

Total

$

99,271

$

99,275

$

135,161

$

129,720

Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses

June 30, 2021

    

Amortized
Cost

    

Gross
Unrealized
Gains

    

Gross
Unrealized
Losses

    

Fair Value

Available-for-sale:

(dollars in thousands)

U.S. Treasury

$

59,941

$

652

$

$

60,593

U.S. government agency

129,100

2,311

(1,539)

129,872

Municipal

286,070

7,271

(2,090)

291,251

Mortgage-backed:

Agency residential

143,657

3,626

(136)

147,147

Agency commercial

131,172

2,755

(487)

133,440

Corporate

71,995

2,235

(266)

73,964

Total available-for-sale

821,935

18,850

(4,518)

836,267

Held-to-maturity:

U.S. government agency

7,332

153

7,485

Municipal

19,174

1,116

20,290

Mortgage-backed:

Agency residential

24,063

504

24,567

Agency commercial

258,563

4,168

(149)

262,582

Total held-to-maturity

309,132

5,941

(149)

314,924

Total debt securities

$

1,131,067

$

24,791

$

(4,667)

$

1,151,191

December 31, 2020

    

Amortized
Cost

    

Gross
Unrealized
Gains

    

Gross
Unrealized
Losses

    

Fair Value

Available-for-sale:

(dollars in thousands)

U.S. government agency

$

118,282

$

3,720

$

(9)

$

121,993

Municipal

265,309

9,232

(280)

274,261

Mortgage-backed:

Agency residential

198,543

4,871

(162)

203,252

Agency commercial

246,649

4,651

(534)

250,766

Corporate

70,917

1,786

(106)

72,597

Total available-for-sale

899,700

24,260

(1,091)

922,869

Held-to-maturity:

Municipal

22,484

1,390

23,874

Mortgage-backed:

Agency residential

13,031

452

13,483

Agency commercial

32,880

2,222

(18)

35,084

Total held-to-maturity

68,395

4,064

(18)

72,441

Total debt securities

$

968,095

$

28,324

$

(1,109)

$

995,310

Schedule of amortized cost and fair value of securities by contractual maturity

Available-for-Sale

Held-to-Maturity

    

Amortized
Cost

    

Fair Value

    

Amortized
Cost

    

Fair Value

(dollars in thousands)

Due in 1 year or less

$

30,667

$

30,905

$

3,049

$

3,082

Due after 1 year through 5 years

86,096

89,035

12,129

12,901

Due after 5 years through 10 years

303,175

307,785

10,937

11,384

Due after 10 years

127,168

127,955

391

408

Mortgage-backed:

Agency residential

143,657

147,147

24,063

24,567

Agency commercial

131,172

133,440

258,563

262,582

Total

$

821,935

$

836,267

$

309,132

$

314,924

Schedule of gross unrealized losses and fair value of investments

Investments in a Continuous Unrealized Loss Position

Less than 12 Months

12 Months or More

Total

June 30, 2021

    

Unrealized
Loss

    

Fair Value

    

Unrealized
Loss

    

Fair Value

    

Unrealized
Loss

    

Fair Value

Available-for-sale:

(dollars in thousands)

U.S. government agency

$

(1,539)

$

71,163

$

$

$

(1,539)

$

71,163

Municipal

(2,090)

90,841

(2,090)

90,841

Mortgage-backed:

Agency residential

(100)

16,981

(36)

3,695

(136)

20,676

Agency commercial

(487)

39,659

(487)

39,659

Corporate

(266)

4,692

(266)

4,692

Total available-for-sale

(4,482)

223,336

(36)

3,695

(4,518)

227,031

Held-to-maturity:

Mortgage-backed:

Agency commercial

(149)

18,448

(149)

18,448

Total held-to-maturity

(149)

18,448

(149)

18,448

Total debt securities

$

(4,631)

$

241,784

$

(36)

$

3,695

$

(4,667)

$

245,479

Investments in a Continuous Unrealized Loss Position

Less than 12 Months

12 Months or More

Total

December 31, 2020

    

Unrealized
Loss

    

Fair Value

    

Unrealized
Loss

    

Fair Value

    

Unrealized
Loss

    

Fair Value

Available-for-sale:

(dollars in thousands)

U.S. government agency

$

(9)

$

5,919

$

$

$

(9)

$

5,919

Municipal

(280)

19,652

(280)

19,652

Mortgage-backed:

Agency residential

(142)

20,387

(20)

4,490

(162)

24,877

Agency commercial

(524)

57,126

(10)

3,449

(534)

60,575

Corporate

(106)

4,849

(106)

4,849

Total available-for-sale

(1,061)

107,933

(30)

7,939

(1,091)

115,872

Held-to-maturity:

Mortgage-backed:

Agency commercial

(18)

2,983

(18)

2,983

Total held-to-maturity

(18)

2,983

(18)

2,983

Total debt securities

$

(1,079)

$

110,916

$

(30)

$

7,939

$

(1,109)

$

118,855

Schedule of equity securities with initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses

Readily

No Readily

Determinable

Determinable

June 30, 2021

    

Fair Value

    

Fair Value

(dollars in thousands)

Initial cost

$

3,098

$

1,717

Cumulative net unrealized gains (losses)

240

(165)

Carrying value

$

3,338

$

1,552

Readily

No Readily

Determinable

Determinable

December 31, 2020

    

Fair Value

    

Fair Value

(dollars in thousands)

Initial cost

$

3,098

$

1,717

Cumulative net unrealized gains (losses)

194

(165)

Carrying value

$

3,292

$

1,552