XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

INVESTMENT SECURITIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Investment Securities [Abstract] |
Investment Portfolio Composition | NOTE 2 – INVESTMENT SECURITIES Investment Portfolio Composition . The following table summarizes the amortized cost and related fair value of investment securities available-for-sale (“AFS”) and securities held-to-maturity (“HTM”) and the corresponding amounts of gross unrealized gains and losses. Available for Sale Amortized Unrealized Unrealized Allowance for Fair (Dollars in Thousands) Cost Gains Losses Credit Losses Value March 31, 2025 U.S. Government Treasury $ 158,473 $ 556 $ 469 $ - $ 158,560 U.S. Government Agency 153,326 33 4,250 - 149,109 States and Political Subdivisions 41,885 - 3,152 (2) 38,731 Mortgage-Backed Securities (1) 64,583 - 9,634 - 54,949 Corporate Debt Securities 55,549 - 3,698 (73) 51,778 Other Securities (2) 8,097 - - - 8,097 Total $ 481,913 $ 589 $ 21,203 $ (75) $ 461,224 December 31, 2024 U.S. Government Treasury $ 106,710 $ 25 $ 934 $ - $ 105,801 U.S. Government Agency 148,666 39 5,578 - 143,127 States and Political Subdivisions 43,212 - 3,827 (3) 39,382 Mortgage-Backed Securities (1) 66,379 - 10,902 - 55,477 Corporate Debt Securities 55,970 - 4,444 (64) 51,462 Other Securities (2) 8,096 - - - 8,096 Total $ 429,033 $ 64 $ 25,685 $ (67) $ 403,345 Held to Maturity Amortized Unrealized Unrealized Fair (Dollars in Thousands) Cost Gains Losses Value March 31, 2025 U.S. Government Treasury $ 306,419 $ - $ 4,245 $ 302,174 Mortgage-Backed Securities (1) 210,757 90 12,820 198,027 Total $ 517,176 $ 90 $ 17,065 $ 500,201 December 31, 2024 U.S. Government Treasury $ 368,005 $ - $ 6,476 $ 361,529 Mortgage-Backed Securities (1) 199,150 16 16,235 182,931 Total $ 567,155 $ 16 $ 22,711 $ 544,460 (1) Comprised of residential mortgage-backed securities. (2) Includes Federal Home Loan Bank and Federal Reserve Bank stock, recorded at cost of $ 3.0 million and $ 5.1 million, respectively, at March 31, 2025 and at December 31, 2024.
Maturity Distribution | Available for Sale Held to Maturity (Dollars in Thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 59,318 $ 58,196 $ 248,348 $ 245,163 Due after one year through five years 252,607 245,032 58,071 57,011 Mortgage-Backed Securities 64,583 54,949 210,757 198,027 U.S. Government Agency 97,308 94,950 - - Other Securities 8,097 8,097 - - Total $ 481,913 $ 461,224 $ 517,176 $ 500,201
Unrealized Losses on Investment Securities | Less Than Greater Than 12 Months 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in Thousands) Value Losses Value Losses Value Losses March 31, 2025 Available for Sale U.S. Government Treasury $ 15,895 $ 8 $ 14,648 $ 461 $ 30,543 $ 469 U.S. Government Agency 47,557 149 97,046 4,101 144,603 4,250 States and Political Subdivisions 844 3 37,887 3,149 38,731 3,152 Mortgage-Backed Securities 51 - 54,884 9,634 54,935 9,634 Corporate Debt Securities 2,159 91 49,619 3,607 51,778 3,698 Total $ 66,506 $ 251 $ 254,084 $ 20,952 $ 320,590 $ 21,203 Held to Maturity U.S. Government Treasury - - 302,174 4,245 302,174 4,245 Mortgage-Backed Securities 57,699 342 115,401 12,478 173,100 12,820 Total $ 57,699 $ 342 $ 417,575 $ 16,723 $ 475,274 $ 17,065 December 31, 2024 Available for Sale U.S. Government Treasury $ 81,363 $ 318 $ 14,510 $ 616 $ 95,873 $ 934 U.S. Government Agency 33,155 184 100,844 5,394 133,999 5,578 States and Political Subdivisions 2,728 164 36,654 3,663 39,382 3,827 Mortgage-Backed Securities 54 - 55,409 10,902 55,463 10,902 Corporate Debt Securities 3,093 249 48,369 4,195 51,462 4,444 Total $ 120,393 $ 915 $ 255,786 $ 24,770 $ 376,179 $ 25,685 Held to Maturity U.S. Government Treasury - - 361,529 6,476 361,529 6,476 Mortgage-Backed Securities 58,230 1,000 119,353 15,235 177,583 16,235 Total $ 58,230 $ 1,000 $ 480,882 $ 21,711 $ 539,112 $ 22,711

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 -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + 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 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 For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration