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SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and fair values of securities available-for-sale, with gross unrealized gains and losses
The amortized cost and fair values of debt securities, with gross unrealized gains and losses and allowance for credit losses, are as follows:
December 31, 2024
(dollars in thousands)Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$119,690$—$(8,545)$—$111,145
U.S. government agency55,742—(2,544)—53,198
Municipal150,163—(19,484)—130,679
Mortgage-backed:
Agency residential241,342253(14,227)—227,368
Agency commercial128,8233(12,145)—116,681
Corporate61,732156(2,910)—58,978
Total available-for-sale$757,492$412$(59,855)$—$698,049
December 31, 2024
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,472$—$(8,819)$79,653$—
Municipal35,86248(371)35,539—
Mortgage-backed:
Agency residential85,643—(5,796)79,847—
Agency commercial289,881—(39,734)250,147—
Total held-to-maturity$499,858$48$(54,720)$445,186$—
December 31, 2023
(dollars in thousands)Amortized Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
Available-for-sale:
U.S. Treasury$159,715$—$(11,093)$—$148,622
U.S. government agency55,359—(3,262)—52,097
Municipal229,03026(23,499)—205,557
Mortgage-backed:
Agency residential188,64161(14,718)—173,984
Agency commercial141,2143(14,205)—127,012
Corporate57,6659(5,485)—52,189
Total available-for-sale$831,624$99$(72,262)$—$759,461
December 31, 2023
(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueAllowance for Credit Losses
Held-to-maturity:
U.S. government agency$88,448$—$(8,292)$80,156$—
Municipal38,442394(163)38,673—
Mortgage-backed:
Agency residential95,828—(5,569)90,259—
Agency commercial298,721—(41,313)257,408—
Total held-to-maturity$521,439$394$(55,337)$466,496$—
The following is a summary of the amortized cost and fair value of securities transferred to the held-to-maturity category:
March 31, 2022
(dollars in thousands)Amortized
Cost		Fair Value
U.S. government agency$78,841$71,048
Mortgage-backed:
Agency residential8,1757,651
Agency commercial27,83425,432
Total$114,850$104,131
The following table presents gross unrealized losses and fair value of debt securities available-for-sale that do not have an associated allowance for credit losses as of December 31, 2024 and December 31, 2023, aggregated by category and length of time that individual debt securities have been in a continuous unrealized loss position:
December 31, 2024
Investments in a Continuous Unrealized Loss Position
Less than 12 Months12 Months or MoreTotal
(dollars in thousands)
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Available-for-sale:
U.S. Treasury$— $— $(8,545)$111,145 $(8,545)$111,145 
U.S. government agency(141)7,594 (2,403)45,604 (2,544)53,198 
Municipal(8)2,634 (19,476)127,776 (19,484)130,410 
Mortgage-backed:
Agency residential(2,041)81,055 (12,186)129,178 (14,227)210,233 
Agency commercial(125)3,327 (12,020)112,118 (12,145)115,445 
Corporate(4)1,996 (2,906)43,064 (2,910)45,060 
Total available-for-sale$(2,319)$96,606 $(57,536)$568,885 $(59,855)$665,491 
December 31, 2023
Investments in a Continuous Unrealized Loss Position
Less than 12 Months12 Months or MoreTotal
(dollars in thousands)
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Unrealized
Loss
Fair Value
Available-for-sale:
U.S. Treasury$— $— $(11,093)$148,622 $(11,093)$148,622 
U.S. government agency(2)168 (3,260)51,910 (3,262)52,078 
Municipal(26)4,749 (23,473)194,287 (23,499)199,036 
Mortgage-backed:
Agency residential(163)9,354 (14,555)156,785 (14,718)166,139 
Agency commercial(26)3,016 (14,179)123,404 (14,205)126,420 
Corporate(414)4,361 (5,071)45,826 (5,485)50,187 
Total available-for-sale$(631)$21,648 $(71,631)$720,834 $(72,262)$742,482 
Schedule of amortized cost and fair value of securities by contractual maturity
The amortized cost and fair value of debt securities by contractual maturity, as of December 31, 2024, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)
Amortized
Cost
Fair Value
Amortized
Cost
Fair Value
Due in 1 year or less$45,843 $45,201 $7,084 $7,063 
Due after 1 year through 5 years178,269 165,830 52,350 49,614 
Due after 5 years through 10 years145,184 127,690 62,645 56,321 
Due after 10 years18,031 15,279 2,255 2,194 
Mortgage-backed:
Agency residential241,342 227,368 85,643 79,847 
Agency commercial128,823 116,681 289,881 250,147 
Total$757,492 $698,049 $499,858 $445,186 
Schedule of sales of debt securities
Sales of debt securities were as follows during the year ended December 31:
Year Ended December 31,
(dollars in thousands)202420232022
Proceeds from sales$69,174$185,280$—
Gross realized gains———
Gross realized losses(3,697)(1,820)—
Debt securities, trading, and equity securities, FV-NI
The initial cost and carrying values of equity securities, with cumulative net unrealized gains and losses were as follows:
December 31, 2024
(dollars in thousands)Readily
Determinable
Fair Value		No Readily
Determinable
Fair Value
Initial cost$3,124 $2,998 
Cumulative net unrealized gains (losses)191 (369)
Carrying value$3,315 $2,629 
December 31, 2023
(dollars in thousands)Readily
Determinable
Fair Value		No Readily
Determinable
Fair Value
Initial cost$3,143 $2,840 
Cumulative net unrealized gains (losses)217 (335)
Carrying value$3,360 $2,505 
Schedule of unrealized gains (losses) on equity securities
Unrealized gains (losses) on equity securities were as follows during the years ended December 31, 2024 and 2023:
Year Ended December 31,
(dollars in thousands)202420232022
Readily determinable fair value$(25)$330 $(414)
No readily determinable fair value(34)(170)—
Unrealized gains (losses) on equity securities$(59)$160 $(414)