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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Values of AFS Securities
At June 30, 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 June 30, 2024 and December 31, 2023:
Amortized CostGross Unrealized
Gains		Gross Unrealized
Losses		Allowance for Credit LossesFair Value
June 30, 2024
U.S. Treasury securities$20,050 $— $2,337 $— $17,713 
U.S. Government Agencies3,444 129 — — 3,573 
States and political subdivisions221,404 7 20,965 — 200,446 
GSE residential MBSs60,430 — 3,587 — 56,843 
GSE commercial MBSs3,778 311 — — 4,089 
GSE residential CMOs123,116 71 6,944 — 116,243 
Non-agency CMOs34,704 248 3,544 — 31,408 
Asset-backed99,386 487 1,215 — 98,658 
Other109 — — — 109 
Totals$566,421 $1,253 $38,592 $— $529,082 
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 June 30, 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
June 30, 2024
U.S. Treasury securities— $— $— 3 $17,713 $2,337 3 $17,713 $2,337 
States and political subdivisions6 2,029 45 42 197,920 20,920 48 199,949 20,965 
GSE residential MBSs— — — 15 56,843 3,587 15 56,843 3,587 
GSE residential CMOs10 42,061 326 16 59,426 6,618 26 101,487 6,944 
Non-agency CMOs1 929 2 5 22,280 3,542 6 23,209 3,544 
Asset-backed3 18,648 54 10 51,393 1,161 13 70,041 1,215 
Totals20 $63,667 $427 91 $405,575 $38,165 111 $469,242 $38,592 
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 $36,887 
Schedule of Amortized Cost and Fair Values of AFS Securities by Contractual Maturity
The following table summarizes amortized cost and fair value of investment securities by contractual maturity at June 30, 2024. Expected maturities may differ from contractual maturities if issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
Amortized CostFair Value
Due in one year or less$— $— 
Due after one year through five years36,406 32,567 
Due after five years through ten years58,620 53,071 
Due after ten years149,981 136,203 
CMOs and MBSs222,028 208,583 
Asset-backed99,386 98,658 
Totals$566,421 $529,082 
Proceeds From Sale of AFS Securities and Gross Gains and Gross Losses
The following table summarizes proceeds from sales of investment securities and gross gains and gross losses for the three and six months ended June 30, 2024 and 2023:
Three months ended June 30,Six months ended June 30,
2024202320242023
Proceeds from sale of investment securities$— $— $— $— 
Gross gains— — — — 
Gross losses12 2 17 10