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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Values of AFS Securities
At March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023:
Amortized CostGross Unrealized
Gains		Gross Unrealized
Losses		Allowance for Credit LossesFair Value
March 31, 2024
U.S. Treasury securities$20,054 $— $2,385 $— $17,669 
U.S. Government Agencies3,721 138 — — 3,859 
States and political subdivisions221,121 15 20,268 — 200,868 
GSE residential MBSs61,468 — 3,512 — 57,956 
GSE commercial MBSs4,065 319 — — 4,384 
GSE residential CMOs98,182 — 6,738 — 91,444 
Non-agency CMOs38,208 238 3,736 — 34,710 
Asset-backed105,216 487 1,804 — 103,899 
Other120 — — — 120 
Totals$552,155 $1,197 $38,443 $— $514,909 
December 31, 2023
U.S. Treasury securities$20,057 $— $2,217 $— $17,840 
U.S. Government Agencies3,994 157 — — 4,151 
States and political subdivisions221,624 28 18,530 — 203,122 
GSE residential MBSs61,669 — 4,037 — 57,632 
GSE commercial MBS4,387 356 — — 4,743 
GSE residential CMOs79,284 18 6,200 — 73,102 
Non-agency CMOs48,162 316 3,809 — 44,669 
Asset-backed109,786 442 2,094 — 108,134 
Other126 — — — 126 
Totals$549,089 $1,317 $36,887 $— $513,519 
Summary of Investment Securities with Unrealized Losses
The following table summarizes investment securities with unrealized losses at March 31, 2024 and December 31, 2023, 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
March 31, 2024
U.S. Treasury securities— $— $— 3 $17,669 $2,385 3 $17,669 $2,385 
States and political subdivisions3 1,983 65 41 198,128 20,203 44 200,111 20,268 
GSE residential MBSs— — — 15 57,956 3,512 15 57,956 3,512 
GSE residential CMOs6 25,516 159 15 60,657 6,579 21 86,173 6,738 
Non-agency CMOs2 3,626 39 5 22,536 3,697 7 26,162 3,736 
Asset-backed— — — 15 71,562 1,804 15 71,562 1,804 
Totals11 $31,125 $263 94 $428,508 $38,180 105 $459,633 $38,443 
December 31, 2023
U.S. Treasury securities— $— $— 3 $17,840 $2,217 3 $17,840 $2,217 
States and political subdivisions4 2,419 53 40 199,933 18,477 44 202,352 18,530 
GSE residential MBSs— — — 15 57,632 4,037 15 57,632 4,037 
GSE residential CMOs4 12,710 186 14 56,765 6,014 18 69,475 6,200 
Non-agency CMOs3 11,531 83 4 16,334 3,726 7 27,865 3,809 
Asset-backed1 865 4 15 74,407 2,090 16 75,272 2,094 
Totals12 $27,525 $326 91 $422,911 $36,561 103 $450,436 $36,887 
Schedule of Amortized Cost and Fair Values of AFS Securities by Contractual Maturity
The following table summarizes amortized cost and fair value of investment securities by contractual maturity at March 31, 2024. Expected maturities may differ from contractual maturities if issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
Amortized CostFair Value
Due in one year or less$— $— 
Due after one year through five years31,400 28,140 
Due after five years through ten years56,101 50,898 
Due after ten years157,515 143,478 
CMOs and MBSs201,923 188,494 
Asset-backed105,216 103,899 
Totals$552,155 $514,909 
Proceeds From Sale of AFS Securities and Gross Gains and Gross Losses
The following table summarizes proceeds from sales of investment securities and gross gains and gross losses for the three months ended March 31, 2024 and 2023:
Three months ended March 31,
20242023
Proceeds from sale of investment securities$— $— 
Gross gains— — 
Gross losses5 8