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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2023

Investment Securities

Schedule of amortized cost of investment securities to estimated fair values

​

​

​

​

​

​

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​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2023

​

​

Amortized

​

Unrealized

​

Unrealized

​

Allowance for

​

Fair

(dollars in thousands)

Cost

​

Gains

​

Losses

​

Credit Losses

Value

Available-for-sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury and agencies

​

$

2,915

​

$

11

​

$

(20)

​

$

—

​

$

2,906

Mortgage backed securities

​

​

​

​

​

​

​

​

​

​

Residential agency

​

673,586

​

1

​

(115,131)

​

​

—

​

558,456

Commercial

​

68,379

​

—

​

(7,470)

​

​

—

​

60,909

Asset backed securities

​

28

​

—

​

—

​

​

—

​

28

Corporate bonds

​

69,497

​

—

​

(14,342)

​

​

—

​

55,155

Total available-for-sale investment securities

​

​

814,405

​

​

12

​

​

(136,963)

​

​

—

​

​

677,454

Held-to-maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Obligations of state and political agencies

​

​

131,016

​

—

​

(15,447)

​

​

115

​

115,569

Mortgage backed securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential agency

​

​

177,618

​

—

​

(32,477)

​

​

103

​

145,141

Total held-to-maturity investment securities

​

​

308,634

​

​

—

​

​

(47,924)

​

​

218

​

​

260,710

Total investment securities

​

$

1,123,039

​

$

12

​

$

(184,887)

​

$

218

​

$

938,164

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

​

​

Amortized

​

Unrealized

​

Unrealized

​

Allowance for

​

Fair

(dollars in thousands)

Cost

​

Gains

​

Losses

​

Credit Losses

Value

Available-for-sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury and agencies

​

$

3,518

​

$

19

​

$

(17)

​

​

N/A

​

$

3,520

Mortgage backed securities

​

​

​

​

​

​

​

​

​

Residential agency

​

705,845

​

2

​

(118,168)

​

​

N/A

​

587,679

Commercial

​

70,669

​

—

​

(7,111)

​

​

N/A

​

63,558

Asset backed securities

​

34

​

—

​

—

​

​

N/A

​

34

Corporate bonds

​

69,501

​

—

​

(6,968)

​

​

N/A

​

62,533

Total available-for-sale investment securities

​

​

849,567

​

​

21

​

​

(132,264)

​

​

N/A

​

​

717,324

Held-to-maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Obligations of state and political agencies

​

​

137,787

​

—

​

(17,736)

​

​

N/A

​

​

120,051

Mortgage backed securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential agency

​

​

184,115

​

—

​

(33,254)

​

​

N/A

​

​

150,861

Total held-to-maturity investment securities

​

​

321,902

​

​

—

​

​

(50,990)

​

​

N/A

​

​

270,912

Total investment securities

​

$

1,171,469

​

$

21

​

$

(183,254)

​

​

N/A

​

$

988,236

Schedule of investment securities with gross unrealized losses

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​

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2023

​

​

Less than 12 Months

​

Over 12 Months

​

Total

​

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

(dollars in thousands)

Losses

Value

Losses

Value

Losses

Value

Available-for-sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury and agencies

​

$

(20)

​

$

420

​

$

—

​

$

—

​

$

(20)

​

$

420

Mortgage backed securities

​

​

​

​

​

​

Residential agency

​

(76)

​

2,148

​

(115,055)

​

556,258

​

(115,131)

​

558,406

Commercial

​

(32)

​

570

​

(7,438)

​

60,339

​

(7,470)

​

60,909

Asset backed securities

​

—

​

27

​

—

​

1

​

—

​

28

Corporate bonds

​

(867)

​

7,109

​

(13,475)

​

48,046

​

(14,342)

​

55,155

Total available-for-sale investment securities

​

$

(995)

​

$

10,274

​

$

(135,968)

​

$

664,644

​

$

(136,963)

​

$

674,918

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

​

​

Less than 12 Months

​

Over 12 Months

​

Total

​

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

(dollars in thousands)

Losses

Value

Losses

Value

Losses

Value

Available-for-sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury and agencies

​

$

(17)

​

$

509

​

$

—

​

$

—

​

$

(17)

​

$

509

Mortgage backed securities

​

​

​

​

​

​

Residential agency

​

(10,457)

​

79,693

​

(107,711)

​

507,418

​

(118,168)

​

587,111

Commercial

​

(4,835)

​

50,437

​

(2,276)

​

13,120

​

(7,111)

​

63,557

Asset backed securities

​

—

​

32

​

—

​

2

​

—

​

34

Corporate bonds

​

(4,452)

​

48,048

​

(2,516)

​

14,484

​

(6,968)

​

62,532

Total available-for-sale investment securities

​

​

(19,761)

​

​

178,719

​

​

(112,503)

​

​

535,024

​

​

(132,264)

​

​

713,743

Held-to-maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Obligations of state and political agencies

​

​

(3,336)

​

​

18,788

​

​

(14,400)

​

​

98,762

​

​

(17,736)

​

​

117,550

Mortgage backed securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential agency

​

​

—

​

​

—

​

​

(33,254)

​

​

150,861

​

​

(33,254)

​

​

150,861

Total held-to-maturity investment securities

​

​

(3,336)

​

​

18,788

​

​

(47,654)

​

​

249,623

​

​

(50,990)

​

​

268,411

Total investment securities

​

$

(23,097)

​

$

197,507

​

$

(160,157)

​

$

784,647

​

$

(183,254)

​

$

982,154

Schedule of contractual maturity of amortized cost and estimated fair value

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Held-to-maturity

​

Available-for-sale

​

​

Carrying

​

Fair

​

Amortized

​

Fair

(dollars in thousands)

Value

​

Value

​

Cost

Value

Due within one year or less

​

$

6,098

​

$

5,946

​

$

—

​

$

—

Due after one year through five years

​

44,352

​

40,512

​

17,461

​

16,096

Due after five years through ten years

​

67,751

​

58,000

​

78,734

​

63,524

Due after 10 years

​

12,815

​

11,111

​

44,624

​

39,378

​

​

​

131,016

​

​

115,569

​

​

140,819

​

​

118,998

Mortgage-backed securities

​

​

​

​

​

​

​

​

​

​

​

​

Residential agency

​

​

177,618

​

​

145,141

​

​

673,586

​

​

558,456

Total investment securities

​

$

308,634

​

$

260,710

​

$

814,405

​

$

677,454

Schedule of proceeds from the call of held-to-maturity investment securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Six months ended

​

​

June 30,

​

June 30,

(dollars in thousands)

2023

2022

2023

2022

Proceeds

​

$

—

​

$

211

​

$

126

​

$

726

Realized gains

​

—

​

—

​

—

​

—

Realized losses

​

—

​

—

​

—

​

—

​

Schedule of federal home loan bank

​

​	​	​	​	​	​	​
​	​	June 30,		​	December 31,
(dollars in thousands)		2023			2022
Federal Reserve	​	$	4,623	​	$	4,595
FHLB	​		24,382	​		19,362

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 and held-to-maturity), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

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- Definition

Tabular disclosure of the proceeds from sales or calls of held-to-maturity securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

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- 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

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- Definition

Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank).

+ References

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

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- References

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