XML 51 R36.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Securities Available for Sale (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Investments Debt And Equity Securities [Abstract] |
Summary of the Amortized Cost and Fair Value of Available-for-Sale Investment Securities Corresponding Amounts of Unrealized Gains and Losses | The following table summarizes the amortized cost and fair value of the available-for-sale securities portfolio at December 31, 2021 and 2020 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss):
|  |  |  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  |  |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  |  |  |
| 2021 |  |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
U.S. Treasury and U.S. government sponsored entities |  |  | $ | 93,137 |  |  | $ | 32 |  |  | $ | (2,338 | ) |  | $ | 90,831 |
State and political subdivisions |  |  |  | 636,724 |  |  |  | 23,296 |  |  |  | (1,205 | ) |  |  | 658,815 |
Corporate bonds |  |  |  | 4,009 |  |  |  | 50 |  |  |  | (29 | ) |  |  | 4,030 |
Mortgage-backed securities - residential |  |  |  | 663,405 |  |  |  | 1,875 |  |  |  | (10,094 | ) |  |  | 655,186 |
Collateralized mortgage obligations |  |  |  | 13,303 |  |  |  | 153 |  |  |  | (71 | ) |  |  | 13,385 |
Small Business Administration |  |  |  | 5,381 |  |  |  | 49 |  |  |  | 0 |  |  |  | 5,430 |
Totals |  |  | $ | 1,415,959 |  |  | $ | 25,455 |  |  | $ | (13,737 | ) |  | $ | 1,427,677 |
|  |  |  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  |  |  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  |  |  |
| 2020 |  |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
U.S. Treasury and U.S. government sponsored entities |  |  | $ | 11,798 |  |  | $ | 101 |  |  | $ | (54 | ) |  | $ | 11,845 |
State and political subdivisions |  |  |  | 344,160 |  |  |  | 22,350 |  |  |  | (204 | ) |  |  | 366,306 |
Corporate bonds |  |  |  | 3,582 |  |  |  | 132 |  |  |  | (2 | ) |  |  | 3,712 |
Mortgage-backed securities - residential |  |  |  | 157,106 |  |  |  | 4,919 |  |  |  | (243 | ) |  |  | 161,782 |
Collateralized mortgage obligations |  |  |  | 25,654 |  |  |  | 742 |  |  |  | (3 | ) |  |  | 26,393 |
Small Business Administration |  |  |  | 5,411 |  |  |  | 151 |  |  |  | 0 |  |  |  | 5,562 |
Totals |  |  | $ | 547,711 |  |  | $ | 28,395 |  |  | $ | (506 | ) |  | $ | 575,600 |
Proceeds from Sales of Available-for-Sale Securities and the Associated Gains and Losses | The proceeds from sales of available-for-sale securities and the associated gains and losses were as follows:
|  |  |  |  | 2021 |  |  |  | 2020 |  |  |  | 2019 |
Proceeds |  |  |  | $ | 35,175 |  |  | $ | 60,341 |  |  | $ | 33,424 |
Gross gains |  |  |  |  | 863 |  |  |  | 394 |  |  |  | 211 |
Gross losses |  |  |  |  | (25 | ) |  |  | (824 | ) |  |  | (222 | )
Amortized Cost and Fair Value of the Debt Securities Maturity | The amortized cost and fair value of the debt securities portfolio are shown by expected maturity. 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.
Available for sale |  |  |  |  |  | December 31, 2021 |
|  |  |  |  |  | Amortized |  |  |  |  |
Maturity |  |  |  |  |  | Cost |  |  | Fair Value |
Within one year |  |  |  |  |  | $ | 1,539 |  |  | $ | 1,550 |
One to five years |  |  |  |  |  |  | 14,132 |  |  |  | 14,897 |
Five to ten years |  |  |  |  |  |  | 133,000 |  |  |  | 132,717 |
Beyond ten years |  |  |  |  |  |  | 585,199 |  |  |  | 604,512 |
Mortgage-backed securities, collateralized mortgage obligations and Small Business Administration |  |  |  |  |  |  | 682,089 |  |  |  | 674,001 |
Totals |  |  |  |  |  | $ | 1,415,959 |  |  | $ | 1,427,677 |
Investment Securities with Unrealized Losses | The following table summarizes the investment securities with unrealized losses at December 31, 2021 and 2020 aggregated by major security type and length of time in a continuous unrealized loss position.
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Description of Securities |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
U.S. Treasury and U.S. government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored entities |  | $ | 81,236 |  |  | $ | (1,960 | ) |  | $ | 8,271 |  |  | $ | (378 | ) |  | $ | 89,507 |  |  | $ | (2,338 | )
State and political subdivisions |  |  | 103,651 |  |  |  | (1,020 | ) |  |  | 10,020 |  |  |  | (185 | ) |  |  | 113,671 |  |  |  | (1,205 | )
Corporate bonds |  |  | 418 |  |  |  | (2 | ) |  |  | 715 |  |  |  | (27 | ) |  |  | 1,133 |  |  |  | (29 | )
Mortgage-backed securities - residential |  |  | 525,792 |  |  |  | (7,872 | ) |  |  | 55,569 |  |  |  | (2,222 | ) |  |  | 581,361 |  |  |  | (10,094 | )
Collateralized mortgage obligations |  |  | 7,270 |  |  |  | (71 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 7,270 |  |  |  | (71 | )
Total temporarily impaired |  | $ | 718,367 |  |  | $ | (10,925 | ) |  | $ | 74,575 |  |  | $ | (2,812 | ) |  | $ | 792,942 |  |  | $ | (13,737 | )
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Description of Securities |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
U.S. Treasury and U.S. government |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
sponsored entities |  | $ | 8,153 |  |  | $ | (54 | ) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 8,153 |  |  | $ | (54 | )
State and political subdivisions |  |  | 19,205 |  |  |  | (204 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 19,205 |  |  |  | (204 | )
Corporate bonds |  |  | 198 |  |  |  | (2 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 198 |  |  |  | (2 | )
Mortgage-backed securities - residential |  |  | 63,401 |  |  |  | (243 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 63,401 |  |  |  | (243 | )
Collateralized mortgage obligations |  |  | 294 |  |  |  | (3 | ) |  |  | 0 |  |  |  | 0 |  |  |  | 294 |  |  |  | (3 | )
Total temporarily impaired |  | $ | 91,251 |  |  | $ | (506 | ) |  | $ | 0 |  |  | $ | 0 |  |  | $ | 91,251 |  |  | $ | (506 | )

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 -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + 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 unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration