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Securities (Tables)

9 Months Ended

Sep. 30, 2024

Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2024

​

​

​

Gross

Gross

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

Available-for-sale:

​

Cost

​

Gains

​

Losses

​

Value

U.S. Treasury

​

$

83,576

​

$

—

​

$

(5,665)

​

$

77,911

U.S. Government-sponsored enterprises (GSEs)

​

​

41,964

​

​

710

​

​

(108)

​

​

42,566

Municipal securities

​

18,319

​

78

​

(300)

​

18,097

Other debt securities

​

42,254

​

243

​

(2,265)

​

40,232

Mortgage-backed securities (GSEs)

​

337,205

​

2,886

​

(17,561)

​

322,530

Total

​

$

523,318

​

$

3,917

​

$

(25,899)

​

$

501,336

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

​

Gross

Gross

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

Available-for-sale:

​

Cost

​

Gains

​

Losses

​

Value

U.S. Treasury

​

$

84,307

​

$

—

​

$

(8,274)

​

$

76,033

U.S. Government-sponsored enterprises (GSEs)

​

​

46,983

​

​

1,256

​

​

(146)

​

​

48,093

Municipal securities

​

18,616

​

135

​

(475)

​

18,276

Other debt securities

​

36,863

​

93

​

(3,887)

​

33,069

Mortgage-backed securities (GSEs)

​

254,288

​

588

​

(21,937)

​

232,939

Total

​

$

441,057

​

$

2,072

​

$

(34,719)

​

$

408,410

Schedule of Held-to-maturity Securities Reconciliation

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2024

​

​

​

Gross

Gross

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

Held-to-maturity:

​

Cost

​

Gains

​

Losses

​

Value

U.S. Government-sponsored enterprises (GSEs)

​

$

48,423

​

$

—

​

$

(5,643)

​

$

42,780

Municipal securities

​

51,913

​

—

​

(5,779)

​

46,134

Mortgage-backed securities (GSEs)

​

27,443

​

—

​

(3,090)

​

24,353

Total

​

$

127,779

​

$

—

​

$

(14,512)

​

$

113,267

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

​

Gross

Gross

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

Held-to-maturity:

​

Cost

​

Gains

​

Losses

​

Value

U.S. Treasury

​

$

150,066

​

$

—

​

$

(1,482)

​

$

148,584

U.S. Government-sponsored enterprises (GSEs)

​

​

49,336

​

​

—

​

​

(7,143)

​

​

42,193

Municipal securities

​

52,680

​

—

​

(6,178)

​

46,502

Mortgage-backed securities (GSEs)

​

29,154

​

—

​

(3,895)

​

25,259

Total

​

$

281,236

​

$

—

​

$

(18,698)

​

$

262,538

Investments Classified by Contractual Maturity Date

The amortized cost and estimated fair value of securities at September 30, 2024, by contractual maturity for non-mortgage-backed securities are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

​	​	​	​	​	​	​
​	​	September 30, 2024
​		Amortized			Fair
Available-for-sale:	​	Cost		​	Value
Due in one year or less	​	$	1,478	​	$	1,451
Due from one year to five years	​		94,342	​		88,500
Due from five years to ten years	​		81,054	​		79,751
Due after ten years	​		9,239	​		9,104
​	​		186,113	​		178,806
Mortgage-backed securities	​		337,205	​		322,530
Total	​	$	523,318	​	$	501,336
​	​	​	​	​	​	​
Held-to-maturity:	​	​	​	​	​	​
Due in one year or less	​	$	—	​	$	—
Due from one year to five years	​		736	​		706
Due from five years to ten years	​		50,443	​		44,997
Due after ten years	​		49,157	​		43,211
​	​		100,336	​		88,914
Mortgage-backed securities	​		27,443	​		24,353
Total	​	$	127,779	​	$	113,267

​

Schedule of Unrealized Loss on Investments

The following tables present the gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities AFS and HTM have been in a continuous unrealized loss position (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2024

​

​

Less than 12 Months

​

12 Months or Greater

​

Total

​

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

Available-for-sale:

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

U.S. Treasury

​

$

—

​

$

—

​

—

​

$

77,911

​

$

(5,665)

​

9

​

$

77,911

​

$

(5,665)

​

9

U.S. Government-sponsored enterprises (GSEs)

​

​

5,494

​

​

(9)

​

2

​

​

5,217

​

​

(99)

​

4

​

​

10,711

​

​

(108)

​

6

Municipal securities

​

546

​

(2)

​

1

​

11,582

​

(298)

​

17

​

12,128

​

(300)

​

18

Other debt securities

​

5,340

​

(36)

​

3

​

28,687

​

(2,229)

​

25

​

34,027

​

(2,265)

​

28

Mortgage-backed securities (GSEs)

​

44,736

​

(1,185)

​

20

​

171,441

​

(16,376)

​

83

​

216,177

​

(17,561)

​

103

Total

​

$

56,116

​

$

(1,232)

​

26

​

$

294,838

​

$

(24,667)

​

138

​

$

350,954

​

$

(25,899)

​

164

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2024

​

​

Less than 12 Months

​

12 Months or Greater

​

Total

​

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

Held-to-maturity:

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

U.S. Government-sponsored enterprises (GSEs)

​

$

—

​

$

—

​

—

​

$

42,780

​

$

(5,643)

​

13

​

$

42,780

​

$

(5,643)

​

13

Municipal securities

​

—

​

—

​

—

​

46,134

​

(5,779)

​

35

​

46,134

​

(5,779)

​

35

Mortgage-backed securities (GSEs)

​

—

​

—

​

—

​

24,353

​

(3,090)

​

5

​

24,353

​

(3,090)

​

5

Total

​

$

—

​

$

—

​

—

​

$

113,267

​

$

(14,512)

​

53

​

$

113,267

​

$

(14,512)

​

53

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

Less than 12 Months

​

12 Months or Greater

​

Total

​

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

Available-for-sale:

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

U.S. Treasury

​

$

—

​

$

—

​

—

​

$

76,033

​

$

(8,274)

​

9

​

$

76,033

​

$

(8,274)

​

9

U.S. Government-sponsored enterprises (GSEs)

​

​

9,743

​

​

(137)

​

3

​

​

1,482

​

​

(9)

​

3

​

​

11,225

​

​

(146)

​

6

Municipal securities

​

2,786

​

(2)

​

2

​

9,849

​

(473)

​

17

​

12,635

​

(475)

​

19

Other debt securities

​

2,986

​

(17)

​

2

​

29,057

​

(3,870)

​

26

​

32,043

​

(3,887)

​

28

Mortgage-backed securities (GSEs)

​

16,401

​

(229)

​

8

​

176,351

​

(21,708)

​

88

​

192,752

​

(21,937)

​

96

Total

​

$

31,916

​

$

(385)

​

15

​

$

292,772

​

$

(34,334)

​

143

​

$

324,688

​

$

(34,719)

​

158

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

Less than 12 Months

​

12 Months or Greater

​

Total

​

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Gross

​

Number

​

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

​

Fair

​

Unrealized

​

of

Held-to-maturity:

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

​

Value

​

Losses

​

Securities

U.S. Treasury

​

$

—

​

$

—

​

—

​

$

148,584

​

$

(1,482)

​

4

​

$

148,584

​

$

(1,482)

​

4

U.S. Government-sponsored enterprises (GSEs)

​

​

—

​

​

—

​

—

​

​

42,194

​

​

(7,143)

​

13

​

​

42,194

​

​

(7,143)

​

13

Municipal securities

​

—

​

—

​

—

​

46,500

​

(6,178)

​

35

​

46,500

​

(6,178)

​

35

Mortgage-backed securities (GSEs)

​

—

​

—

​

—

​

25,258

​

(3,895)

​

5

​

25,258

​

(3,895)

​

5

Total

​

$

—

​

$

—

​

—

​

$

262,536

​

$

(18,698)

​

57

​

$

262,536

​

$

(18,698)

​

57

​

Schedule of Other Investments

The following is the amortized cost and carrying value of other investments (in thousands):

​

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2024			2023
Federal Reserve Bank stock	​	$	9,184		$	9,526
Federal Home Loan Bank stock	​		10,818		​	3,786
First National Bankers Bank stock	​		350		​	350
Total	​	$	20,352	​	$	13,662

​

X

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-Publisher FASB
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-Section 50
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-Paragraph 5
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section 50
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

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-Name Accounting Standards Codification
-Section 50
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