XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.25.3

INVESTMENT SECURITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Summary of Amortized Cost and Fair Values of AFS Securities | At September 30, 2025 and December 31, 2024, 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, 2025 and December 31, 2024:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Fair Value
September 30, 2025 |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 20,033 |  |  | $ | — |  |  | $ | 1,230 |  |  | $ | — |  |  | $ | 18,803 |
U.S. Government Agencies | 1,966 |  |  | 55 |  |  | — |  |  | — |  |  | 2,021 |
States and political subdivisions | 219,331 |  |  | 243 |  |  | 19,461 |  |  | — |  |  | 200,113 |
GSE residential MBSs | 174,647 |  |  | 2,697 |  |  | 2,216 |  |  | — |  |  | 175,128 |
GSE commercial MBSs | 6,514 |  |  | 102 |  |  | 17 |  |  | — |  |  | 6,599 |
GSE residential CMOs | 359,294 |  |  | 4,045 |  |  | 5,153 |  |  | — |  |  | 358,186 |
Non-agency CMOs | 48,105 |  |  | 156 |  |  | 1,136 |  |  | — |  |  | 47,125 |
Asset-backed | 80,705 |  |  | 419 |  |  | 957 |  |  | — |  |  | 80,167 |
Corporate debt | 1,944 |  |  | 50 |  |  | — |  |  | — |  |  | 1,994 |
Other | 221 |  |  | — |  |  | — |  |  | — |  |  | 221 |
Totals | $ | 912,760 |  |  | $ | 7,767 |  |  | $ | 30,170 |  |  | $ | — |  |  | $ | 890,357 |
December 31, 2024 |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 20,043 |  |  | $ | — |  |  | $ | 1,980 |  |  | $ | — |  |  | $ | 18,063 |
U.S. Government Agencies | 2,953 |  |  | 100 |  |  | — |  |  | — |  |  | 3,053 |
States and political subdivisions | 220,418 |  |  | 10 |  |  | 20,400 |  |  | — |  |  | 200,028 |
GSE residential MBSs | 155,793 |  |  | 52 |  |  | 4,297 |  |  | — |  |  | 151,548 |
GSE commercial MBSs | 8,570 |  |  | 243 |  |  | 21 |  |  | — |  |  | 8,792 |
GSE residential CMOs | 331,016 |  |  | 485 |  |  | 6,809 |  |  | — |  |  | 324,692 |
Non-agency CMOs | 35,548 |  |  | 202 |  |  | 2,466 |  |  | — |  |  | 33,284 |
Asset-backed | 88,450 |  |  | 655 |  |  | 1,002 |  |  | — |  |  | 88,103 |
Corporate debt | 1,935 |  |  | 19 |  |  | — |  |  | — |  |  | 1,954 |
Other | 194 |  |  | — |  |  | — |  |  | — |  |  | 194 |
Totals | $ | 864,920 |  |  | $ | 1,766 |  |  | $ | 36,975 |  |  | $ | — |  |  | $ | 829,711 |
Summary of Investment Securities with Unrealized Losses | The following table summarizes investment securities with unrealized losses at September 30, 2025 and December 31, 2024, aggregated by major investment security type and the length of time in a continuous unrealized loss position.
| Less Than 12 Months |  | 12 Months or More |  | Total
| # of Securities |  | Fair Value |  | Unrealized Losses |  | # of Securities |  | Fair Value |  | Unrealized Losses |  | # of Securities |  | Fair Value |  | Unrealized Losses
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | — |  |  | $ | — |  |  | $ | — |  |  | 3 |  |  | $ | 18,803 |  |  | $ | 1,230 |  |  | 3 |  |  | $ | 18,803 |  |  | $ | 1,230 |
States and political subdivisions | 3 |  |  | 10,586 |  |  | 351 |  |  | 42 |  |  | 178,052 |  |  | 19,110 |  |  | 45 |  |  | 188,638 |  |  | 19,461 |
GSE residential MBSs | — |  |  | — |  |  | — |  |  | 8 |  |  | 13,223 |  |  | 2,216 |  |  | 8 |  |  | 13,223 |  |  | 2,216 |
GSE commercial MBS | 2 |  |  | 1,263 |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 1,263 |  |  | 17 |
GSE residential CMOs | 16 |  |  | 84,689 |  |  | 616 |  |  | 24 |  |  | 108,285 |  |  | 4,537 |  |  | 40 |  |  | 192,974 |  |  | 5,153 |
Non-agency CMOs | 2 |  |  | 7,133 |  |  | 58 |  |  | 5 |  |  | 22,344 |  |  | 1,078 |  |  | 7 |  |  | 29,477 |  |  | 1,136 |
Asset-backed | 4 |  |  | 13,779 |  |  | 121 |  |  | 8 |  |  | 37,488 |  |  | 836 |  |  | 12 |  |  | 51,267 |  |  | 957 |
Totals | 27 |  |  | $ | 117,450 |  |  | $ | 1,163 |  |  | 90 |  |  | $ | 378,195 |  |  | $ | 29,007 |  |  | 117 |  |  | $ | 495,645 |  |  | $ | 30,170 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | — |  |  | $ | — |  |  | $ | — |  |  | 3 |  |  | $ | 18,063 |  |  | $ | 1,980 |  |  | 3 |  |  | $ | 18,063 |  |  | $ | 1,980 |
States and political subdivisions | 13 |  |  | 10,080 |  |  | 131 |  |  | 42 |  |  | 189,448 |  |  | 20,269 |  |  | 55 |  |  | 199,528 |  |  | 20,400 |
GSE residential MBSs | 68 |  |  | 85,836 |  |  | 1,117 |  |  | 15 |  |  | 55,579 |  |  | 3,180 |  |  | 83 |  |  | 141,415 |  |  | 4,297 |
GSE commercial MBS | 3 |  |  | 2,963 |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 2,963 |  |  | 21 |
GSE residential CMOs | 52 |  |  | 158,439 |  |  | 729 |  |  | 15 |  |  | 56,443 |  |  | 6,080 |  |  | 67 |  |  | 214,882 |  |  | 6,809 |
Non-agency CMOs | 2 |  |  | 8,816 |  |  | 218 |  |  | 4 |  |  | 16,636 |  |  | 2,248 |  |  | 6 |  |  | 25,452 |  |  | 2,466 |
Asset-backed | 4 |  |  | 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 |
Summary 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, 2025. 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 Cost |  | Fair Value
Due in one year or less | $ | — |  |  | $ | — |
Due after one year through five years | 42,146 |  |  | 40,281 |
Due after five years through ten years | 50,837 |  |  | 47,843 |
Due after ten years | 150,512 |  |  | 135,028 |
CMOs and MBSs | 588,560 |  |  | 587,038 |
Asset-backed | 80,705 |  |  | 80,167 |
Totals | $ | 912,760 |  |  | $ | 890,357 |
Summary of 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, 2025 and 2024:
| Three months ended September 30, |  | Nine months ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Proceeds from sale of investment securities | $ | 41,647 |  |  | $ | 162,669 |  |  | $ | 41,647 |  |  | $ | 162,669 |
Gross gains | 50 |  |  | 271 |  |  | 71 |  |  | 271 |
Gross losses | — |  |  | — |  |  | — |  |  | 17 |

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration