XML 65 R41.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Investment Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Securities Financing Transactions Disclosures [Abstract] |
Schedule of Unrealized Gain (Loss) on Investments | The following tables set forth the amortized cost and estimated fair value of investment securities for the periods presented:
| December 31, 2024
(In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Available-for-sale |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | $ | 22,247 |  |  | $ | — |  |  | $ | 740 |  |  | $ | 21,507 |
Mortgage-backed U.S. government agencies | 222,464 |  |  | 11 |  |  | 19,531 |  |  | 202,944 |
State and political subdivision obligations | 4,309 |  |  | — |  |  | 713 |  |  | 3,596 |
Corporate debt securities | 35,750 |  |  | — |  |  | 3,320 |  |  | 32,430 |
Total available-for-sale debt securities | $ | 284,770 |  |  | $ | 11 |  |  | $ | 24,304 |  |  | $ | 260,477 |
Held-to-maturity |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | $ | 241,941 |  |  | $ | — |  |  | $ | 28,133 |  |  | $ | 213,808 |
Mortgage-backed U.S. government agencies | 37,593 |  |  | — |  |  | 5,508 |  |  | 32,085 |
State and political subdivision obligations | 77,462 |  |  | — |  |  | 6,840 |  |  | 70,622 |
Corporate debt securities | 25,451 |  |  | — |  |  | 1,318 |  |  | 24,133 |
Total held-to-maturity debt securities | 382,447 |  |  | — |  |  | 41,799 |  |  | 340,648 |
Total | $ | 667,217 |  |  | $ | 11 |  |  | $ | 66,103 |  |  | $ | 601,125 |
| December 31, 2023
(In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Available-for-sale |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | $ | 36,637 |  |  | $ | — |  |  | $ | 988 |  |  | $ | 35,649 |
Mortgage-backed U.S. government agencies | 169,184 |  |  | — |  |  | 16,501 |  |  | 152,683 |
State and political subdivision obligations | 4,332 |  |  | — |  |  | 686 |  |  | 3,646 |
Corporate debt securities | 35,733 |  |  | — |  |  | 4,156 |  |  | 31,577 |
Total available-for-sale debt securities | $ | 245,886 |  |  | $ | — |  |  | $ | 22,331 |  |  | $ | 223,555 |
Held-to-maturity |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | $ | 245,805 |  |  | $ | 2 |  |  | $ | 28,676 |  |  | $ | 217,131 |
Mortgage-backed U.S. government agencies | 43,818 |  |  | — |  |  | 5,523 |  |  | 38,295 |
State and political subdivision obligations | 84,035 |  |  | 11 |  |  | 6,486 |  |  | 77,560 |
Corporate debt securities | 25,470 |  |  | — |  |  | 935 |  |  | 24,535 |
Total held-to-maturity debt securities | 399,128 |  |  | 13 |  |  | 41,620 |  |  | 357,521 |
Total | $ | 645,014 |  |  | $ | 13 |  |  | $ | 63,951 |  |  | $ | 581,076 |
Schedule of Fair Value and Unrealized Loss on Investments in a Continuous Unrealized Loss Position | The following tables present gross unrealized losses and fair value of investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024 and 2023.
(Dollars in thousands) | Less Than 12 Months |  | 12 Months or More |  | Total
December 31, 2024 | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | — |  | $ | — |  |  | $ | — |  |  | 12 |  | $ | 21,507 |  |  | $ | 740 |  |  | 12 |  | $ | 21,507 |  |  | $ | 740 |
Mortgage-backed U.S. government agencies | 9 |  | 72,499 |  |  | 1,847 |  |  | 91 |  | 130,445 |  |  | 17,684 |  |  | 100 |  | 202,944 |  |  | 19,531 |
State and political subdivision obligations | — |  | — |  |  | — |  |  | 8 |  | 3,596 |  |  | 713 |  |  | 8 |  | 3,596 |  |  | 713 |
Corporate debt securities | — |  | — |  |  | — |  |  | 18 |  | 32,430 |  |  | 3,320 |  |  | 18 |  | 32,430 |  |  | 3,320 |
Total available-for-sale debt securities | 9 |  | $ | 72,499 |  |  | $ | 1,847 |  |  | 129 |  | $ | 187,978 |  |  | $ | 22,457 |  |  | 138 |  | $ | 260,477 |  |  | $ | 24,304 |
Held-to-maturity debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | — |  | $ | — |  |  | $ | — |  |  | 143 |  | $ | 213,808 |  |  | $ | 28,133 |  |  | 143 |  | $ | 213,808 |  |  | $ | 28,133 |
Mortgage-backed U.S. government agencies | 2 |  | 163 |  |  | 1 |  |  | 62 |  | 31,922 |  |  | 5,507 |  |  | 64 |  | 32,085 |  |  | 5,508 |
State and political subdivision obligations | 8 |  | 3,176 |  |  | 30 |  |  | 169 |  | 67,446 |  |  | 6,810 |  |  | 177 |  | 70,622 |  |  | 6,840 |
Corporate debt securities | 4 |  | 10,500 |  |  | — |  |  | 11 |  | 13,633 |  |  | 1,318 |  |  | 15 |  | 24,133 |  |  | 1,318 |
Total held-to-maturity debt securities | 14 |  | 13,839 |  |  | 31 |  |  | 385 |  | 326,809 |  |  | 41,768 |  |  | 399 |  | 340,648 |  |  | 41,799 |
Total | 23 |  | $ | 86,338 |  |  | $ | 1,878 |  |  | 514 |  | $ | 514,787 |  |  | $ | 64,225 |  |  | 537 |  | $ | 601,125 |  |  | $ | 66,103 |
(Dollars in thousands) | Less Than 12 Months |  | 12 Months or More |  | Total
December 31, 2023 | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses |  | Number of Securities |  | Estimated Fair Value |  | Gross Unrealized Losses
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | — |  | $ | — |  |  | $ | — |  |  | 19 |  | $ | 35,649 |  |  | $ | 988 |  |  | 19 |  | $ | 35,649 |  |  | $ | 988 |
Mortgage-backed U.S. government agencies | 1 |  | 4,015 |  |  | 26 |  |  | 92 |  | 148,668 |  |  | 16,475 |  |  | 93 |  | 152,683 |  |  | 16,501 |
State and political subdivision obligations | — |  | — |  |  | — |  |  | 8 |  | 3,646 |  |  | 686 |  |  | 8 |  | 3,646 |  |  | 686 |
Corporate debt securities | 1 |  | 410 |  |  | 90 |  |  | 17 |  | 31,167 |  |  | 4,066 |  |  | 18 |  | 31,577 |  |  | 4,156 |
Total available-for-sale securities | 2 |  | $ | 4,425 |  |  | $ | 116 |  |  | 136 |  | $ | 219,130 |  |  | $ | 22,215 |  |  | 138 |  | $ | 223,555 |  |  | $ | 22,331 |
Held-to-maturity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government agencies | 1 |  | $ | 2,002 |  |  | $ | — |  |  | 144 |  | $ | 215,129 |  |  | $ | 28,676 |  |  | 145 |  | $ | 217,131 |  |  | $ | 28,676 |
Mortgage-backed U.S. government agencies | — |  | — |  |  | — |  |  | 64 |  | 38,295 |  |  | 5,523 |  |  | 64 |  | 38,295 |  |  | 5,523 |
State and political subdivision obligations | 25 |  | 8,729 |  |  | 63 |  |  | 170 |  | 68,831 |  |  | 6,423 |  |  | 195 |  | 77,560 |  |  | 6,486 |
Corporate debt securities | 1 |  | 936 |  |  | 57 |  |  | 14 |  | 23,599 |  |  | 878 |  |  | 15 |  | 24,535 |  |  | 935 |
Total held to maturity securities | 27 |  | 11,667 |  |  | 120 |  |  | 392 |  | 345,854 |  |  | 41,500 |  |  | 419 |  | 357,521 |  |  | 41,620 |
Total | 29 |  | $ | 16,092 |  |  | $ | 236 |  |  | 528 |  | $ | 564,984 |  |  | $ | 63,715 |  |  | 557 |  | $ | 581,076 |  |  | $ | 63,951 |
Schedule of Investments Classified by Contractual Maturity Date | The table below illustrates the contractual maturity of debt investment securities at amortized cost and estimated fair value. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay with or without call or prepayment penalties.
(In thousands) | Available-for-sale |  | Held-to-maturity
December 31, 2024 | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due in 1 year or less | $ | 10,503 |  |  | $ | 10,466 |  |  | $ | 19,563 |  |  | $ | 19,420 |
Due after 1 year but within 5 years | 22,397 |  |  | 21,414 |  |  | 140,217 |  |  | 130,043 |
Due after 5 years but within 10 years | 28,562 |  |  | 25,006 |  |  | 169,190 |  |  | 145,879 |
Due after 10 years | 844 |  |  | 647 |  |  | 15,884 |  |  | 13,221 |
| 62,306 |  |  | 57,533 |  |  | 344,854 |  |  | 308,563 |
Mortgage-backed securities | 222,464 |  |  | 202,944 |  |  | 37,593 |  |  | 32,085 |
| $ | 284,770 |  |  | $ | 260,477 |  |  | $ | 382,447 |  |  | $ | 340,648 |

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
- 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

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

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration