XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.22.1

SECURITIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Securities Available for Sale | Debt securities available-for-sale ("AFS") at March 31, 2022 and December 31, 2021 are as follows:
| March 31, 2022 |  | December 31, 2021
| Amortized |  | Unrealized |  | Fair |  | Amortized |  | Unrealized |  | Fair
| Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
U.S. Government sponsored entities | $ | 1,831 |  |  | $ | 0 |  |  | $ | (35) |  |  | $ | 1,796 |  |  | $ | 110,788 |  |  | $ | 2,728 |  |  | $ | (1,768) |  |  | $ | 111,748 |
State & political subdivisions | 113,292 |  |  | 495 |  |  | (7,923) |  |  | 105,864 |  |  | 103,232 |  |  | 2,162 |  |  | (1,682) |  |  | 103,712 |
Residential & multi-family mortgage | 406,532 |  |  | 494 |  |  | (26,489) |  |  | 380,537 |  |  | 437,021 |  |  | 4,127 |  |  | (6,513) |  |  | 434,635 |
Corporate notes & bonds | 35,773 |  |  | 59 |  |  | (1,678) |  |  | 34,154 |  |  | 28,257 |  |  | 250 |  |  | (443) |  |  | 28,064 |
Pooled SBA | 17,820 |  |  | 20 |  |  | (629) |  |  | 17,211 |  |  | 18,787 |  |  | 283 |  |  | (38) |  |  | 19,032 |
Total | $ | 575,248 |  |  | $ | 1,068 |  |  | $ | (36,754) |  |  | $ | 539,562 |  |  | $ | 698,085 |  |  | $ | 9,550 |  |  | $ | (10,444) |  |  | $ | 697,191 |
Information pertaining to security sales on AFS securities is as follows:
| Proceeds |  | Gross Gains |  | Gross Losses
Three months ended March 31, 2022 | $ | 22,164 |  |  | $ | 651 |  |  | $ | 0 |
Three months ended March 31, 2021 | 0 |  | 0 |  | 0
Schedule of Debt Securities Held-to-maturities | Debt securities held-to-maturity ("HTM") at March 31, 2022 and December 31, 2021 are as follows:
| March 31, 2022 |  | December 31, 2021
| Amortized |  | Unrealized |  | Fair |  | Amortized |  | Unrealized |  | Fair
| Cost |  | Gains |  | Losses |  | Value |  | Cost |  | Gains |  | Losses |  | Value
U.S. Government sponsored entities | $ | 307,597 |  |  | $ | 0 |  |  | $ | (11,909) |  |  | $ | 295,688 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Total | $ | 307,597 |  |  | $ | 0 |  |  | $ | (11,909) |  |  | $ | 295,688 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
HTM debt securities with unrealized losses at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: March 31, 2022
| Less than 12 Months |  | 12 Months or More |  | Total
Description of Securities | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | 265,151 |  |  | $ | (9,108) |  |  | $ | 54,355 |  |  | $ | (2,801) |  |  | $ | 319,506 |  |  | $ | (11,909) |
| $ | 265,151 |  |  | $ | (9,108) |  |  | $ | 54,355 |  |  | $ | (2,801) |  |  | $ | 319,506 |  |  | $ | (11,909) |
December 31, 2021
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
| $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Schedule of Maturity Distribution of Debt Securities at Amortized Cost and Fair Value | The table below illustrates the maturity distribution of debt securities at amortized cost and fair value as of March 31, 2022:
| Available-for-sale |  | Held-to-maturity
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
1 year or less | $ | 7,343 |  |  | $ | 7,377 |  |  | $ | 503 |  |  | $ | 477 |
1 year – 5 years | 41,120 |  |  | 40,800 |  |  | 232,668 |  |  | 225,357 |
5 years – 10 years | 94,461 |  |  | 86,401 |  |  | 68,939 |  |  | 64,722 |
After 10 years | 7,972 |  |  | 7,236 |  |  | 5,487 |  |  | 5,132 |
| 150,896 |  |  | 141,814 |  |  | 307,597 |  |  | 295,688 |
Residential & multi-family mortgage | 406,532 |  |  | 380,537 |  |  | 0 |  |  | 0 |
Pooled SBA | 17,820 |  |  | 17,211 |  |  | 0 |  |  | 0 |
Total debt securities | $ | 575,248 |  |  | $ | 539,562 |  |  | $ | 307,597 |  |  | $ | 295,688 |
Available-for-sale Securities with Unrealized Loss Position | AFS debt securities with unrealized losses at March 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: March 31, 2022
| Less than 12 Months |  | 12 Months or More |  | Total
Description of Securities | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | 1,796 |  |  | $ | (35) |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 1,796 |  |  | $ | (35) |
State & political subdivisions | 78,991 |  |  | (6,275) |  |  | 14,547 |  |  | (1,648) |  |  | 93,538 |  |  | (7,923) |
Residential & multi-family mortgage | 293,601 |  |  | (17,743) |  |  | 100,040 |  |  | (8,746) |  |  | 393,641 |  |  | (26,489) |
Corporate notes & bonds | 22,174 |  |  | (1,401) |  |  | 5,777 |  |  | (277) |  |  | 27,951 |  |  | (1,678) |
Pooled SBA | 16,379 |  |  | (629) |  |  | 126 |  |  | 0 |  |  | 16,505 |  |  | (629) |
| $ | 412,941 |  |  | $ | (26,083) |  |  | $ | 120,490 |  |  | $ | (10,671) |  |  | $ | 533,431 |  |  | $ | (36,754) |
December 31, 2021
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
U.S. Government sponsored entities | $ | 23,733 |  |  | $ | (553) |  |  | $ | 37,911 |  |  | $ | (1,215) |  |  | $ | 61,644 |  |  | $ | (1,768) |
State & political subdivisions | 55,636 |  |  | (1,399) |  |  | 5,026 |  |  | (283) |  |  | 60,662 |  |  | (1,682) |
Residential & multi-family mortgage | 248,690 |  |  | (4,837) |  |  | 45,185 |  |  | (1,676) |  |  | 293,875 |  |  | (6,513) |
Corporate notes & bonds | 6,466 |  |  | (249) |  |  | 3,806 |  |  | (194) |  |  | 10,272 |  |  | (443) |
Pooled SBA | 4,394 |  |  | (37) |  |  | 127 |  |  | (1) |  |  | 4,521 |  |  | (38) |
| $ | 338,919 |  |  | $ | (7,075) |  |  | $ | 92,055 |  |  | $ | (3,369) |  |  | $ | 430,974 |  |  | $ | (10,444) |
Trading Securities | Equity securities at March 31, 2022 and December 31, 2021 are as follows:
| March 31, 2022 |  | December 31, 2021
Corporate equity securities | $ | 6,484 |  |  | $ | 6,715 |
Mutual funds | 2,383 |  |  | 2,566 |
Certificates of deposit | 663 |  |  | 506 |
Corporate notes and bonds | 562 |  |  | 579 |
Total | $ | 10,092 |  |  | $ | 10,366 |

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=123581744&loc=SL120269825-111563 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=123581744&loc=SL120269820-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27232-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration