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INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Fair Value and Corresponding Amounts of Gross Unrealized Gains and Losses The following table summarizes amortized cost and fair value of AFS securities, and the corresponding amounts of gross unrealized gains and losses recognized in AOCI and the ACL at December 31, 2024 and 2023:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Allowance for Credit LossesFair Value
December 31, 2024
U.S. Treasury securities$20,043 $— $1,980 $— $18,063 
U.S. government agencies2,953 100 — — 3,053 
States and political subdivisions220,418 10 20,400 — 200,028 
GSE residential MBSs155,793 52 4,297 — 151,548 
GSE commercial MBSs8,570 243 21 — 8,792 
GSE residential CMOs
331,016 485 6,809 — 324,692 
Non-agency CMOs35,548 202 2,466 — 33,284 
Asset-backed88,450 655 1,002 — 88,103 
Corporate bonds1,935 19 — — 1,954 
Other194 — — — 194 
Totals$864,920 $1,766 $36,975 $— $829,711 
December 31, 2023
U.S. Treasury securities$20,057 $— $2,217 $— $17,840 
U.S. government agencies
3,994 157 — — 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 CMOs
79,284 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 Securities Available For Sale With Unrealized Losses
The following table summarizes investment securities with unrealized losses at December 31, 2024 and 2023, aggregated by major security type and length of time in a continuous unrealized loss position.
 Less Than 12 Months12 Months or MoreTotal
# of Securities
Fair
Value
Unrealized
Losses
# of Securities
Fair
Value
Unrealized
Losses
# of Securities
Fair
Value
Unrealized
Losses
December 31, 2024
U.S. Treasury securities— $— $— 3 $18,063 $1,980 3 $18,063 $1,980 
States and political subdivisions13 10,080 131 42 189,448 20,269 55 199,528 20,400 
GSE residential MBSs68 85,836 1,117 15 55,579 3,180 83 141,415 4,297 
GSE commercial MBS3 2,963 21 — — — 3 2,963 21 
GSE residential CMOs52 158,439 729 15 56,443 6,080 67 214,882 6,809 
Non-agency CMOs2 8,816 218 4 16,636 2,248 6 25,452 2,466 
Asset-backed4 11,964 17 9 44,130 985 13 56,094 1,002 
Totals
142 $278,098 $2,233 88 $380,299 $34,742 230 $658,397 $36,975 
December 31, 2023
U.S. Treasury securities— $0 $0 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 57632 4037 15 57,632 4037 
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 
Totals
12 $27,525 $326 91 $422,911 $36,561 103 $450,436 $36,887 
Summary of Amortized Cost and Fair Value by Contractual Maturity
The following table summarizes amortized cost and fair value of investment securities by contractual maturity at December 31, 2024. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
Amortized CostFair Value
Due in one year or less$— $— 
Due after one year through five years42,402 39,164 
Due after five years through ten years51,758 46,721 
Due after ten years151,383 137,407 
CMOs and MBSs530,927 518,316 
Asset-backed88,450 88,103 
$864,920 $829,711 
Summary of Proceeds from Sale of Available for Sale Securities
The following table summarizes proceeds from sales of investment securities and gross gains and gross losses for the years ended December 31, 2024, 2023 and 2022.
202420232022
Proceeds from sale of investment securities$162,669 $22,006 $31,330 
Gross gains271 8 35 
Gross losses22 55 25