XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.2

INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Values of AFS Securities

At September 30, 2021 and December 31, 2020, all investment securities were classified as AFS. The following table summarizes amortized cost and fair value of investment securities, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI, at September 30, 2021 and December 31, 2020:

			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
September 30, 2021
U.S. Treasury securities			$	20,087					$	—					$	256					$	19,831
States and political subdivisions			174,239						8,072						790						181,521
GSE residential MBSs			20,552						80						114						20,518
GSE residential CMOs			69,922						921						656						70,187
Non-agency CMOs			25,929						1						273						25,657
Asset-backed			126,726						457						276						126,907
Other			397						—						—						397
Totals			$	437,852					$	9,531					$	2,365					$	445,018
December 31, 2020
States and political subdivisions			$	104,704					$	9,091					$	1,125					$	112,670
GSE residential MBSs			4,197						96						—						4,293
GSE residential CMOs			56,856						2,226						1,071						58,011
Non-agency CMOs			16,505						413						—						16,918
Private label commercial CMOs			63,941						57						1,762						62,236
Asset-backed			214,425						171						2,630						211,966
Other			371						—						—						371
Totals			$	460,999					$	12,054					$	6,588					$	466,465

Summary of AFS Securities with Unrealized Losses

The following table summarizes investment securities with unrealized losses at September 30, 2021 and December 31, 2020, aggregated by major investment security type and the length of time in a continuous unrealized loss position.

			Less Than 12 Months																		12 Months or More																		Total
			# of Securities						Fair Value						Unrealized Losses						# of Securities						Fair Value						Unrealized Losses						# of Securities						Fair Value						Unrealized Losses
September 30, 2021
U.S. Treasury securities			3						$	19,831					$	256					—						$	—					$	—					3						$	19,831					$	256
States and political subdivisions			11						40,666						790						—						—						—						11						40,666						790
GSE residential MBSs			5						17,354						114						—						—						—						5						17,354						114
GSE residential CMOs			7						43,267						656						—						—						—						7						43,267						656
Non-agency CMOs			1						13,257						273						—						—						—						1						13,257						273
Asset-backed			2						19,084						14						3						36,067						262						5						55,151						276
Totals			29						$	153,459					$	2,103					3						$	36,067					$	262					32						$	189,526					$	2,365
December 31, 2020
States and political subdivisions			1						$	9,079					$	1,125					—						$	—					$	—					1						$	9,079					$	1,125
GSE residential CMOs			3						23,954						1,071						—						—						—						3						23,954						1,071
Private label commercial CMOs			1						4,314						685						10						42,403						1,077						11						46,717						1,762
Asset-backed			2						16,921						12						15						183,161						2,618						17						200,082						2,630
Totals			7						$	54,268					$	2,893					25						$	225,564					$	3,695					32						$	279,832					$	6,588

Schedule of Amortized Cost and Fair Values of AFS Securities by Contractual Maturity

The following table summarizes amortized cost and fair value of investment securities by contractual maturity at September 30, 2021. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

			Amortized Cost						Fair Value
Due in one year or less			$	—					$	—
Due after one year through five years			249						249
Due after five years through ten years			69,999						71,976
Due after ten years			124,475						129,524
CMOs and MBSs			116,403						116,362
Asset-backed			126,726						126,907
Totals			$	437,852					$	445,018

Proceeds From Sale of AFS Securities and Gross Gains and Gross Losses

The following table summarizes proceeds from sales of investment securities and gross gains and gross losses for the three and nine months ended September 30, 2021 and 2020:

			Three months ended September 30,												Nine months ended September 30,
			2021						2020						2021						2020
Proceeds from sale of investment securities			$	73,319					$	—					$	149,038					$	—
Gross gains			482						—						1,844						—
Gross losses			3						13						1,209						44

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 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 the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27357-111563

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
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/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563

+ Details

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