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INVESTMENT SECURITIES (Tables)
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Values of AFS Securities
At September 30, 2024 and December 31, 2023, all investment securities were classified as AFS. The following table summarizes amortized cost and fair value of investment securities, the corresponding amounts of gross unrealized gains and losses recognized in AOCI and the ACL at September 30, 2024 and December 31, 2023:
Amortized CostGross Unrealized
Gains		Gross Unrealized
Losses		Allowance for Credit LossesFair Value
September 30, 2024
U.S. Treasury securities$20,047 $— $1,674 $— $18,373 
U.S. Government Agencies3,249 123 — — 3,372 
States and political subdivisions220,909 301 15,110 — 206,100 
GSE residential MBSs149,806 3,378 2,823 — 150,361 
GSE commercial MBSs9,164 461 1 — 9,624 
GSE residential CMOs314,857 4,349 5,081 — 314,125 
Non-agency CMOs33,698 306 2,772 — 31,232 
Asset-backed92,009 552 1,093 — 91,468 
Corporate debt1,932 43 — — 1,975 
Other198 — — — 198 
Totals$845,869 $9,513 $28,554 $— $826,828 
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 MBSs4,387 356 — — 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 September 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
September 30, 2024
U.S. Treasury securities— $— $— 3 $18,373 $1,674 3 $18,373 $1,674 
States and political subdivisions1 501 6 41 194,611 15,104 42 195,112 15,110 
GSE residential MBSs— — — 15 56,909 2,823 15 56,909 2,823 
GSE commercial MBS1 854 1 — — — 1 854 1 
GSE residential CMOs11 84,243 326 16 65,610 4,755 27 149,853 5,081 
Non-agency CMOs— — — 4 16,353 2,772 4 16,353 2,772 
Asset-backed4 12,512 46 9 45,628 1,047 13 58,140 1,093 
Totals17 $98,110 $379 88 $397,484 $28,175 105 $495,594 $28,554 
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 $36,887 
Schedule of Amortized Cost and Fair Values of AFS Securities by Contractual Maturity
The following table summarizes amortized cost and fair value of investment securities by contractual maturity at September 30, 2024. Expected maturities may differ from contractual maturities if issuers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
Amortized CostFair Value
Due in one year or less$— $— 
Due after one year through five years42,426 39,859 
Due after five years through ten years52,115 48,841 
Due after ten years151,794 141,318 
CMOs and MBSs507,525 505,342 
Asset-backed92,009 91,468 
Totals$845,869 $826,828 
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, 2024 and 2023:
Three months ended September 30,Nine months ended September 30,
2024202320242023
Proceeds from sale of investment securities$162,669 $19,900 $162,669 $19,900 
Gross gains271 2 271 2 
Gross losses— — 17 10