XML 50 R36.htm IDEA: XBRL DOCUMENT

SECURITIES (Tables)

12 Months Ended

Dec. 31, 2022

SECURITIES

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


December 31, 2022		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value

Available-for-sale:		(dollars in thousands)
U.S. Treasury		$	169,860		$	—		$	(15,345)		$	154,515
U.S. government agency			59,291			—			(4,134)			55,157
Municipal			275,972			46			(32,189)			243,829
Mortgage-backed:
Agency residential			213,676			5			(18,240)			195,441
Agency commercial			150,060			—			(17,172)			132,888
Corporate			65,597			55			(3,958)			61,694
Total available-for-sale			934,456			106			(91,038)			843,524
Held-to-maturity:
U.S. government agency			88,424			—			(9,728)			78,696
Municipal			42,167			195			(314)			42,048
Mortgage-backed:
Agency residential			102,728			—			(6,470)			96,258
Agency commercial			308,281			—			(46,482)			261,799
Total held-to-maturity			541,600			195			(62,994)			478,801
Total debt securities		$	1,476,056		$	301		$	(154,032)		$	1,322,325


December 31, 2021		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value

Available-for-sale:		(dollars in thousands)
U.S. Treasury		$	109,002		$	328		$	(354)		$	108,976
U.S. government agency			129,269			1,303			(2,467)			128,105
Municipal			293,837			6,144			(2,904)			297,077
Mortgage-backed:
Agency residential			178,236			2,149			(919)			179,466
Agency commercial			164,875			1,234			(2,048)			164,061
Corporate			63,141			1,638			(296)			64,483
Total available-for-sale			938,360			12,796			(8,988)			942,168
Held-to-maturity:
U.S. government agency			12,349			42			(51)			12,340
Municipal			15,666			809			—			16,475
Mortgage-backed:
Agency residential			20,555			196			(102)			20,649
Agency commercial			287,615			1,749			(2,801)			286,563
Total held-to-maturity			336,185			2,796			(2,954)			336,027
Total debt securities		$	1,274,545		$	15,592		$	(11,942)		$	1,278,195

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


		March 31, 2022						June 30, 2021						March 31, 2021
		Amortized						Amortized						Amortized
		Cost			Fair Value			Cost			Fair Value			Cost			Fair Value

		(dollars in thousands)
U.S. government agency		$	78,841		$	71,048		$	—		$	—		$	7,593		$	7,323
Mortgage-backed:
Agency residential			8,175			7,651			—			—			8,776			8,536
Agency commercial			27,834			25,432			99,271			99,275			118,792			113,861
Total		$	114,850		$	104,131		$	99,271		$	99,275		$	135,161		$	129,720

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		$	19,501		$	19,127		$	2,288		$	2,290
Due after 1 year through 5 years			230,286			216,799			27,813			26,908
Due after 5 years through 10 years			251,203			217,722			83,181			76,214
Due after 10 years			69,730			61,547			17,309			15,332

Mortgage-backed:
Agency residential			213,676			195,441			102,728			96,258
Agency commercial			150,060			132,888			308,281			261,799
Total		$	934,456		$	843,524		$	541,600		$	478,801

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
December 31, 2022		Unrealized Loss			Fair Value			Unrealized Loss			Fair Value			Unrealized Loss			Fair Value

Available-for-sale:		(dollars in thousands)
U.S. Treasury		$	(8,401)		$	92,445		$	(6,944)		$	62,070		$	(15,345)		$	154,515
U.S. government agency			(2,980)			47,370			(1,154)			7,787			(4,134)			55,157
Municipal			(10,906)			149,261			(21,283)			87,794			(32,189)			237,055
Mortgage-backed:
Agency residential			(8,332)			127,288			(9,908)			65,692			(18,240)			192,980
Agency commercial			(4,764)			62,672			(12,408)			70,216			(17,172)			132,888
Corporate			(2,594)			52,190			(1,364)			5,600			(3,958)			57,790
Total available-for-sale			(37,977)			531,226			(53,061)			299,159			(91,038)			830,385
Held-to-maturity:
U.S. government agency			(1,754)			15,751			(7,974)			62,945			(9,728)			78,696
Municipal			(314)			23,433			—			—			(314)			23,433
Mortgage-backed:
Agency residential			(4,039)			78,452			(2,431)			17,806			(6,470)			96,258
Agency commercial			(16,716)			103,298			(29,766)			158,501			(46,482)			261,799
Total held-to-maturity			(22,823)			220,934			(40,171)			239,252			(62,994)			460,186
Total debt securities		$	(60,800)		$	752,160		$	(93,232)		$	538,411		$	(154,032)		$	1,290,571


		Investments in a Continuous Unrealized Loss Position
		Less than 12 Months						12 Months or More						Total
December 31, 2021		Unrealized Loss			Fair Value			Unrealized Loss			Fair Value			Unrealized Loss			Fair Value

Available-for-sale:		(dollars in thousands)
U.S. Treasury		$	(354)		$	68,410		$	—		$	—		$	(354)		$	68,410
U.S. government agency			(2,183)			80,219			(284)			5,578			(2,467)			85,797
Municipal			(2,018)			89,424			(886)			17,327			(2,904)			106,751
Mortgage-backed:
Agency residential			(851)			91,703			(68)			4,305			(919)			96,008
Agency commercial			(1,921)			113,111			(127)			6,443			(2,048)			119,554
Corporate			(7)			2,737			(289)			4,671			(296)			7,408
Total available-for-sale			(7,334)			445,604			(1,654)			38,324			(8,988)			483,928
Held-to-maturity:
U.S. government agency			(51)			4,949			—			—			(51)			4,949
Mortgage-backed:
Agency residential			(102)			14,932			—			—			(102)			14,932
Agency commercial			(2,673)			174,428			(128)			2,776			(2,801)			177,204
Total held-to-maturity			(2,826)			194,309			(128)			2,776			(2,954)			197,085
Total debt securities		$	(10,160)		$	639,913		$	(1,782)		$	41,100		$	(11,942)		$	681,013

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
December 31, 2022		Fair Value			Fair Value

		(dollars in thousands)
Initial cost		$	3,142		$	2,142
Cumulative net unrealized losses			(113)			(165)
Carrying value		$	3,029		$	1,977


		Readily			No Readily
		Determinable			Determinable
December 31, 2021		Fair Value			Fair Value

		(dollars in thousands)
Initial cost		$	3,142		$	2,092
Cumulative net unrealized gains (losses)			301			(165)
Carrying value		$	3,443		$	1,927

Schedule of gains (losses) on securities


		Year Ended December 31,
		2022			2021			2020

		(dollars in thousands)
Readily determinable fair value			(414)			107			33
No readily determinable fair value			—			—			—
Unrealized gains (losses) on equity securities		$	(414)			107		$	33