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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Values of AFS Securities At June 30, 2023 and December 31, 2022, all investment securities were classified as AFS. The following table summarizes amortized cost, fair value and ACL of investment securities, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI, and the allowance for credit losses at June 30, 2023 and December 31, 2022:
Amortized CostGross Unrealized
Gains		Gross Unrealized
Losses		Allowance for Credit LossesFair Value
June 30, 2023
U.S. Treasury securities$20,064 $— $2,691 $— $17,373 
U.S. Government Agencies4,395 192 — — 4,587 
States and political subdivisions224,777 14 23,210 — 201,581 
GSE residential MBSs62,703 — 4,371 — 58,332 
GSE commercial MBSs5,201 438 — — 5,639 
GSE residential CMOs72,363 — 7,028 — 65,335 
Non-agency CMOs44,537 269 4,453 — 40,353 
Asset-backed118,066 229 3,001 — 115,294 
Other118 — — — 118 
Totals$552,224 $1,142 $44,754 $— $508,612 
December 31, 2022
U.S. Treasury securities$20,070 $— $2,779 n/a$17,291 
U.S. Government Agencies4,907 228 — n/a5,135 
States and political subdivisions225,825 19 28,430 n/a197,414 
GSE residential MBSs63,778 — 4,376 n/a59,402 
GSE residential CMOs75,446 — 7,068 n/a68,378 
Non-agency CMOs42,298 243 2,783 n/a39,758 
Asset-backed130,577 — 4,604 n/a125,973 
Other377 — — n/a377 
Totals$563,278 $490 $50,040 n/a$513,728 
Summary of Investment Securities with Unrealized Losses The following table summarizes investment securities with unrealized losses, for which an ACL has not been recorded at June 30, 2023 and cumulative OTTI expense was not recognized at December 31, 2022, aggregated by major investment security type and the length of time in a continuous unrealized loss position.
 Less Than 12 Months12 Months or MoreTotal
# of SecuritiesFair ValueUnrealized
Losses		# of SecuritiesFair ValueUnrealized
Losses		# of SecuritiesFair ValueUnrealized
Losses
June 30, 2023
U.S. Treasury securities— $— $— 3 $17,373 $2,691 3 $17,373 $2,691 
States and political subdivisions13 27,350 1,224 33 172,505 21,986 46 199,855 23,210 
GSE residential MBSs— — — 15 58,332 4,371 15 58,332 4,371 
GSE residential CMOs4 10,430 362 13 54,905 6,666 17 65,335 7,028 
Non-agency CMOs3 11,795 764 3 13,100 3,689 6 24,895 4,453 
Asset-backed4 8,732 93 15 90,515 2,908 19 99,247 3,001 
Totals24 $58,307 $2,443 82 $406,730 $42,311 106 $465,037 $44,754 
December 31, 2022
U.S. Treasury securities— $— $— 3 $17,291 $2,779 3 $17,291 $2,779 
States and political subdivisions29 135,579 13,809 17 60,102 14,621 46 195,681 28,430 
GSE residential MBSs5 26,100 925 10 33,302 3,451 15 59,402 4,376 
GSE residential CMOs8 28,732 1,884 9 39,646 5,184 17 68,378 7,068 
Non-agency CMOs4 26,555 1,135 2 8,639 1,648 6 35,194 2,783 
Asset-backed17 78,873 2,432 5 47,100 2,172 22 125,973 4,604 
Totals63 $295,839 $20,185 46 $206,080 $29,855 109 $501,919 $50,040 
Schedule of Amortized Cost and Fair Values of AFS Securities by Contractual Maturity The following table summarizes amortized cost and fair value of investment securities by contractual maturity at June 30, 2023. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
Amortized CostFair Value
Due in one year or less$— $— 
Due after one year through five years21,446 19,074 
Due after five years through ten years67,615 59,918 
Due after ten years160,293 144,667 
CMOs and MBSs184,804 169,659 
Asset-backed118,066 115,294 
Totals$552,224 $508,612 
Proceeds From Sale of AFS Securities and Gross Gains and Gross Losses The following table summarizes proceeds from sales of investment securities and gross gains and gross losses for the three and six months ended June 30, 2023 and 2022:
Three months ended June 30,Six months ended June 30,
2023202220232022
Proceeds from sale of investment securities$— $— $— $3,075 
Gross gains— — — 25 
Gross losses2 3 10 3