XML 58 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1
Securities (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available for Sale Debt Securities
AFS debt securities at December 31, 2024 and 2023 were as follows: 

 December 31, 2024
 AmortizedGross UnrealizedAllowance ForFair
CostGainsLosses Credit LossesValue
U.S. Gov’t sponsored entities$14,795 $17 $(2)$— $14,810 
State & political subdivisions104,025 11 (13,080)— 90,956 
Residential & multi-family mortgage352,983 60 (34,133)— 318,910 
Corporate notes & bonds39,022 — (3,812)— 35,210 
Pooled SBA9,398 — (738)— 8,660 
Total$520,223 $88 $(51,765)$— $468,546 

 December 31, 2023
 AmortizedGross UnrealizedAllowance ForFair
CostGainsLossesCredit LossesValue
U.S. Gov’t sponsored entities$5,024 $— $(36)$— $4,988 
State & political subdivisions105,102 22 (13,315)— 91,809 
Residential & multi-family mortgage225,871 (34,353)— 191,519 
Corporate notes & bonds48,459 13 (5,333)— 43,139 
Pooled SBA11,347 — (847)— 10,500 
Total$395,803 $36 $(53,884)$— $341,955 
Information pertaining to AFS security sales is as follows:

Year ended December 31ProceedsGross GainsGross Losses
2024$806 $83 $
202313,151 52 — 
202222,164 651 — 
Schedule of Held-To-Maturity Debt Securities
HTM debt securities at December 31, 2024 and 2023 are as follows:

 December 31, 2024
 AmortizedGross UnrealizedAllowance ForFair
CostGainsLossesCredit LossesValue
U.S. Gov’t sponsored entities$229,504 $— $(13,354)$— $216,150 
Residential & multi-family mortgage76,577 — (9,757)— 66,820 
Total$306,081 $— $(23,111)$— $282,970 

 December 31, 2023
 AmortizedGross UnrealizedAllowance ForFair
CostGainsLossesCredit LossesValue
U.S. Gov’t sponsored entities$302,945 $— $(19,038)$— $283,907 
Residential & multi-family mortgage86,023 — (9,360)— 76,663 
Total$388,968 $— $(28,398)$— $360,570 
HTM debt securities with unrealized losses at December 31, 2024 and 2023, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

December 31, 2024Less than 12 Months12 Months or MoreTotal
Description of SecuritiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Gov’t sponsored entities$— $— $216,150 $(13,354)$216,150 $(13,354)
Residential & multi-family mortgage— — 66,820 (9,757)66,820 (9,757)
Total$— $— $282,970 $(23,111)$282,970 $(23,111)

December 31, 2023Less than 12 Months12 Months or MoreTotal
Description of SecuritiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Gov’t sponsored entities$— $— $283,907 $(19,038)$283,907 $(19,038)
State & political subdivisions— — 76,663 (9,360)76,663 (9,360)
Total$— $— $360,570 $(28,398)$360,570 $(28,398)
Schedule of Contractual Maturity of Securities Available for Sale and Held-To-Maturity, Excluding Equity Securities
The following is a schedule of the contractual maturity of AFS and HTM debt securities, excluding equity securities, at December 31, 2024:

 Available-for-saleHeld-to-maturity
 Amortized CostFair ValueAmortized CostFair Value
1 year or less$23,840 $23,789 $52,148 $51,496 
1 year – 5 years47,805 44,781 158,625 148,881 
5 years – 10 years65,830 57,461 18,731 15,773 
After 10 years20,367 14,945 — — 
157,842 140,976 229,504 216,150 
Residential and multi-family mortgage352,983 318,910 76,577 66,820 
Pooled SBA9,398 8,660 — — 
Total debt securities$520,223 $468,546 $306,081 $282,970 
Schedule of AFS with Unrealized Loss Position
AFS debt securities with unrealized losses at December 31, 2024 and 2023, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

December 31, 2024Less than 12 Months12 Months or MoreTotal
Description of SecuritiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Gov’t sponsored entities$249 $(1)$3,340 $(1)$3,589 $(2)
State & political subdivisions6,519 (90)80,172 (12,990)86,691 (13,080)
Residential & multi-family mortgage118,057 (810)159,576 (33,323)277,633 (34,133)
Corporate notes & bonds987 (13)34,224 (3,799)35,211 (3,812)
Pooled SBA410 (2)8,250 (736)8,660 (738)
Total$126,222 $(916)$285,562 $(50,849)$411,784 $(51,765)

December 31, 2023Less than 12 Months12 Months or MoreTotal
Description of SecuritiesFair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
Fair
Value
Unrealized
Loss
U.S. Gov’t sponsored entities$2,487 $(1)$1,956 $(35)$4,443 $(36)
State & political subdivisions749 — 84,828 (13,315)85,577 (13,315)
Residential and multi-family mortgage— — 191,436 (34,353)191,436 (34,353)
Corporate notes & bonds978 (22)41,488 (5,311)42,466 (5,333)
Pooled SBA— — 10,409 (847)10,409 (847)
Total$4,214 $(23)$330,117 $(53,861)$334,331 $(53,884)
Schedule of Trading Securities
Equity securities at December 31, 2024 and 2023 were as follows:
December 31, 2024December 31, 2023
Corporate equity securities$6,542 $5,341 
Mutual funds1,936 2,223 
Money market287 1,103 
Corporate notes1,691 634 
Total$10,456 $9,301