XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.2

SECURITIES (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Securities Available for Sale

Debt securities available-for-sale ("AFS") at June 30, 2022 and December 31, 2021 are as follows:

			June 30, 2022																								December 31, 2021
			Amortized						Unrealized												Fair						Amortized						Unrealized												Fair
			Cost						Gains						Losses						Value						Cost						Gains						Losses						Value
U.S. Government sponsored entities			$	2,278					$	0					$	(67)					$	2,211					$	110,788					$	2,728					$	(1,768)					$	111,748
State & political subdivisions			116,408						147						(13,046)						103,509						103,232						2,162						(1,682)						103,712
Residential & multi-family mortgage			273,603						114						(29,204)						244,513						437,021						4,127						(6,513)						434,635
Corporate notes & bonds			42,669						27						(3,616)						39,080						28,257						250						(443)						28,064
Pooled SBA			15,946						9						(861)						15,094						18,787						283						(38)						19,032
Total			$	450,904					$	297					$	(46,794)					$	404,407					$	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 June 30, 2022			$	0					$	0					$	0
Three months ended June 30, 2021			0						0						0
Six months ended June 30, 2022			22,164						651						0
Six months ended June 30, 2021			0						0						0

Schedule of Debt Securities Held-to-maturities

Debt securities held-to-maturity ("HTM") at June 30, 2022 and December 31, 2021 are as follows:

			June 30, 2022																								December 31, 2021
			Amortized						Unrealized												Fair						Amortized						Unrealized												Fair
			Cost						Gains						Losses						Value						Cost						Gains						Losses						Value
U.S. Government sponsored entities			$	307,634					$	0					$	(18,327)					$	289,307					$	0					$	0					$	0					$	0
Residential & multi-family mortgage			105,676						0						(5,050)						100,626						0						0						0						0
Total			$	413,310					$	0					$	(23,377)					$	389,933					$	0					$	0					$	0					$	0

HTM debt securities with unrealized losses at June 30, 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:

June 30, 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			$	241,832					$	(14,169)					$	47,475					$	(4,158)					$	289,307					$	(18,327)
Residential & multi-family mortgage			75,181						(3,482)						25,445						(1,568)						100,626						(5,050)
			$	317,013					$	(17,651)					$	72,920					$	(5,726)					$	389,933					$	(23,377)

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
Residential & multi-family mortgage			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 June 30, 2022:

			Available-for-sale												Held-to-maturity
			Amortized Cost						Fair Value						Amortized Cost						Fair Value
1 year or less			$	4,854					$	4,869					$	5,125					$	5,018
1 year – 5 years			34,134						33,151						232,236						221,284
5 years – 10 years			91,531						81,388						64,786						58,206
After 10 years			30,836						25,392						5,487						4,799
			161,355						144,800						307,634						289,307
Residential & multi-family mortgage			273,603						244,513						105,676						100,626
Pooled SBA			15,946						15,094						0						0
Total debt securities			$	450,904					$	404,407					$	413,310					$	389,933

Available-for-sale Securities with Unrealized Loss Position

AFS debt securities with unrealized losses at June 30, 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:

June 30, 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			$	2,211					$	(67)					$	0					$	0					$	2,211					$	(67)
State & political subdivisions			73,314						(10,174)						11,016						(2,872)						84,330						(13,046)
Residential & multi-family mortgage			164,539						(17,703)						66,816						(11,501)						231,355						(29,204)
Corporate notes & bonds			30,790						(3,117)						5,263						(499)						36,053						(3,616)
Pooled SBA			14,647						(861)						0						0						14,647						(861)
			$	285,501					$	(31,922)					$	83,095					$	(14,872)					$	368,596					$	(46,794)

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 June 30, 2022 and December 31, 2021 are as follows:

			June 30, 2022						December 31, 2021
Corporate equity securities			$	6,272					$	6,715
Mutual funds			2,591						2,566
Certificates of deposit			0						506
Corporate notes and bonds			676						579
Total			$	9,539					$	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 https://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 https://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 https://asc.fasb.org/extlink&oid=126970911&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 https://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 https://asc.fasb.org/extlink&oid=126970911&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 https://asc.fasb.org/extlink&oid=126970911&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 https://asc.fasb.org/extlink&oid=126970911&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