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Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract] |
Available-for-sale Securities | The following table is the schedule of Available-For-Sale Securities at December 31, 2021 and 2020:
Available-For-Sale Securities
|  | U.S. Government & Agency Obligations |  | State and Municipal Obligations |  | Mortgage- Backed Securities |  | Corporate and Other Debt Securities |  |  |  | Total Available- For-Sale Securities
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Available-For-Sale Securities, at Amortized Cost |  | $ | 110,000 |  |  | $ | 400 |  |  | $ | 448,742 |  |  | $ | 1,000 |  |  |  |  | $ | 560,142 |
Gross Unrealized Gains |  | 63 |  |  | — |  |  | 3,617 |  |  | — |  |  |  |  | 3,680 |
Gross Unrealized Losses |  | (1,698) |  |  | — |  |  | (2,608) |  |  | (200) |  |  |  |  | (4,506) |
Available-For-Sale Securities, at Fair Value |  | $ | 108,365 |  |  | $ | 400 |  |  | $ | 449,751 |  |  | $ | 800 |  |  |  |  | $ | 559,316 |
Available-For-Sale Securities, Pledged as Collateral, at Fair Value |  |  |  |  |  |  |  |  |  |  |  | 298,106 |
Maturities of Debt Securities, at Amortized Cost: |  |  |  |  |  |  |  |  |  |  |  |
Within One Year |  | 5,000 |  |  | — |  |  | 104 |  |  | — |  |  |  |  | 5,104 |
From 1 - 5 Years |  | 105,000 |  |  | 40 |  |  | 370,134 |  |  | — |  |  |  |  | 475,174 |
From 5 - 10 Years |  | — |  |  | 360 |  |  | 78,504 |  |  | 1,000 |  |  |  |  | 79,864 |
Over 10 Years |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Maturities of Debt Securities, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |
Within One Year |  | 5,064 |  |  | — |  |  | 108 |  |  | — |  |  |  |  | 5,172 |
From 1 - 5 Years |  | 103,301 |  |  | 40 |  |  | 371,569 |  |  | — |  |  |  |  | 474,910 |
From 5 - 10 Years |  | — |  |  | 360 |  |  | 78,074 |  |  | 800 |  |  |  |  | 79,234 |
Over 10 Years |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Securities in a Continuous Loss Position, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 74,088 |  |  | $ | — |  |  | $ | 263,292 |  |  | $ | — |  |  |  |  | $ | 337,380 |
12 Months or Longer |  | 29,214 |  |  | — |  |  | — |  |  | 800 |  |  |  |  | 30,014 |
Total |  | $ | 103,302 |  |  | $ | — |  |  | $ | 263,292 |  |  | $ | 800 |  |  |  |  | $ | 367,394 |
Number of Securities in a Continuous Loss Position |  | 14 |  |  | — |  |  | 39 |  |  | 1 |  |  |  |  | 54 |
Unrealized Losses on Securities in a Continuous Loss Position: |  |  |  |  |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 912 |  |  | $ | — |  |  | $ | 2,608 |  |  | $ | — |  |  |  |  | $ | 3,520 |
12 Months or Longer |  | 786 |  |  | — |  |  | — |  |  | 200 |  |  |  |  | 986 |
Total |  | $ | 1,698 |  |  | $ | — |  |  | $ | 2,608 |  |  | $ | 200 |  |  |  |  | $ | 4,506 |
Disaggregated Details: |  |  |  |  |  |  |  |  |  |  |  |
US Agency Obligations, at Amortized Cost |  | 110,000 |  |  |  |  |  |  |  |  |  |  |
US Agency Obligations, at Fair Value |  | 108,365 |  |  |  |  |  |  |  |  |  |  |
US Government Agency Securities, at Amortized Cost |  |  |  |  |  | $ | 9,386 |  |  |  |  |  |  |
US Government Agency Securities, at Fair Value |  |  |  |  |  | 9,371 |  |  |  |  |  |  |
Government Sponsored Entity Securities, at Amortized Cost |  |  |  |  |  | 439,356 |  |  |  |  |  |  |
Government Sponsored Entity Securities, at Fair Value |  |  |  |  |  | 440,380 |  |  |  |  |  |  |
Available-For-Sale Securities
|  | U.S. Government & Agency Obligations |  | State and Municipal Obligations |  | Mortgage- Backed Securities |  | Corporate and Other Debt Securities |  |  |  | Total Available- For-Sale Securities
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Available-For-Sale Securities, at Amortized Cost |  | $ | 65,002 |  |  | $ | 528 |  |  | $ | 290,967 |  |  | $ | 1,000 |  |  |  |  | $ | 357,497 |
Gross Unrealized Gains |  | 184 |  |  | — |  |  | 7,934 |  |  | — |  |  |  |  | 8,118 |
Gross Unrealized Losses |  | (74) |  |  | — |  |  | (54) |  |  | (200) |  |  |  |  | (328) |
Available-For-Sale Securities, at Fair Value |  | $ | 65,112 |  |  | $ | 528 |  |  | $ | 298,847 |  |  | $ | 800 |  |  |  |  | $ | 365,287 |
Available-For-Sale Securities, Pledged as Collateral, at Fair Value |  |  |  |  |  |  |  |  |  |  |  | 244,411 |
Securities in a Continuous Loss Position, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 29,926 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 29,926 |
12 Months or Longer |  | — |  |  | — |  |  | 4,882 |  |  | 800 |  |  |  |  | 5,682 |
Total |  | $ | 29,926 |  |  | $ | — |  |  | $ | 4,882 |  |  | $ | 800 |  |  |  |  | $ | 35,608 |
Number of Securities in a Continuous Loss Position |  | 4 |  |  | — |  |  | 1 |  |  | 1 |  |  |  |  | 6 |
Unrealized Losses on Securities in a Continuous Loss Position: |  |  |  |  |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 74 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 74 |
12 Months or Longer |  | — |  |  | — |  |  | 54 |  |  | 200 |  |  |  |  | 254 |
Total |  | $ | 74 |  |  | $ | — |  |  | $ | 54 |  |  | $ | 200 |  |  |  |  | $ | 328 |
Disaggregated Details: |  |  |  |  |  |  |  |  |  |  |  |
US Agency Obligations, at Amortized Cost |  | $ | 65,002 |  |  |  |  |  |  |  |  |  |  |
US Agency Obligations, at Fair Value |  | 65,112 |  |  |  |  |  |  |  |  |  |  |
US Government Agency Securities, at Amortized Cost |  |  |  |  |  | $ | 12,696 |  |  |  |  |  |  |
US Government Agency Securities, at Fair Value |  |  |  |  |  | 12,683 |  |  |  |  |  |  |
Government Sponsored Entity Securities, at Amortized Cost |  |  |  |  |  | 278,271 |  |  |  |  |  |  |
Government Sponsored Entity Securities, at Fair Value |  |  |  |  |  | 286,164 |  |  |  |  |  |  |
At December 31, 2021, there was no allowance for credit losses for the available for sale securities portfolio.
Held-to-maturity Securities | The following table is the schedule of Held-To-Maturity Securities at December 31, 2021 and 2020:
Held-To-Maturity Securities
|  | State and Municipal Obligations |  | Mortgage- Backed Securities |  |  |  | Total Held-To Maturity Securities
December 31, 2021 |  |  |  |  |  |  |  |
Held-To-Maturity Securities, at Amortized Cost |  | $ | 180,195 |  |  | $ | 16,371 |  |  |  |  | $ | 196,566 |
Gross Unrealized Gains |  | 4,179 |  |  | 547 |  |  |  |  | 4,726 |
Gross Unrealized Losses |  | — |  |  | — |  |  |  |  | — |
Held-To-Maturity Securities, at Fair Value |  | $ | 184,374 |  |  | $ | 16,918 |  |  |  |  | $ | 201,292 |
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value |  |  |  |  |  |  |  | 175,218 |
Maturities of Debt Securities, at Amortized Cost: |  |  |  |  |  |  |  |
Within One Year |  | 29,600 |  |  | 462 |  |  |  |  | 30,062 |
From 1 - 5 Years |  | 138,210 |  |  | 15,909 |  |  |  |  | 154,119 |
From 5 - 10 Years |  | 12,239 |  |  | — |  |  |  |  | 12,239 |
Over 10 Years |  | 146 |  |  | — |  |  |  |  | 146 |
Maturities of Debt Securities, at Fair Value: |  |  |  |  |  |  |  |
Within One Year |  | 29,766 |  |  | 468 |  |  |  |  | 30,234 |
From 1 - 5 Years |  | 141,753 |  |  | 16,450 |  |  |  |  | 158,203 |
From 5 - 10 Years |  | 12,704 |  |  | — |  |  |  |  | 12,704 |
Over 10 Years |  | 151 |  |  | — |  |  |  |  | 151 |
Securities in a Continuous Loss Position, at Fair Value: |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
12 Months or Longer |  | — |  |  | — |  |  |  |  | — |
Total |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Number of Securities in a Continuous Loss Position |  | — |  |  | — |  |  |  |  | — |
Unrealized Losses on Securities in a Continuous Loss Position: |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
12 Months or Longer |  | — |  |  | — |  |  |  |  | — |
Total |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Disaggregated Details: |  |  |  |  |  |  |  |
US Government Agency Securities, at Amortized Cost |  |  |  | 5,518 |  |  |  |  |
US Government Agency Securities, at Fair Value |  |  |  | 5,647 |  |  |  |  |
Government Sponsored Entity Securities, at Amortized Cost |  |  |  | 10,853 |  |  |  |  |
Government Sponsored Entity Securities, at Fair Value |  |  |  | 11,271 |  |  |  |  |
Held-To-Maturity Securities
|  | State and Municipal Obligations |  | Mortgage- Backed Securities |  |  |  | Total Held-To Maturity Securities
December 31, 2020 |  |  |  |  |  |  |  |
Held-To-Maturity Securities, at Amortized Cost |  | $ | 192,352 |  |  | $ | 26,053 |  |  |  |  | $ | 218,405 |
Gross Unrealized Gains |  | 7,080 |  |  | 1,094 |  |  |  |  | 8,174 |
Gross Unrealized Losses |  | (3) |  |  | — |  |  |  |  | (3) |
Held-To-Maturity Securities, at Fair Value |  | $ | 199,429 |  |  | $ | 27,147 |  |  |  |  | $ | 226,576 |
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value |  |  |  |  |  |  |  | 211,176 |
Securities in a Continuous Loss Position, at Fair Value: |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 1,513 |  |  | $ | — |  |  |  |  | $ | 1,513 |
12 Months or Longer |  | — |  |  | — |  |  |  |  | — |
Total |  | $ | 1,513 |  |  | $ | — |  |  |  |  | $ | 1,513 |
Number of Securities in a Continuous Loss Position |  | 4 |  |  | — |  |  |  |  | 4 |
Unrealized Losses on Securities in a Continuous Loss Position: |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 3 |  |  | $ | — |  |  |  |  | $ | 3 |
12 Months or Longer |  | — |  |  | — |  |  |  |  | — |
Total |  | $ | 3 |  |  | $ | — |  |  |  |  | $ | 3 |
Disaggregated Details: |  |  |  |  |  |  |  |
US Government Agency Securities, at Amortized Cost |  |  |  | 9,440 |  |  |  |  |
US Government Agency Securities, at Fair Value |  |  |  | 9,762 |  |  |  |  |
Government Sponsored Entity Securities, at Amortized Cost |  |  |  | 16,613 |  |  |  |  |
Government Sponsored Entity Securities, at Fair Value |  |  |  | 17,385 |  |  |  |  |
Debt Securities, Trading, and Equity Securities, FV-NI | The following table is the schedule of Equity Securities at December 31, 2021 and 2020.
Equity Securities
|  | December 31,
|  | 2021 |  | 2020
Equity Securities, at Fair Value |  | $ | 1,747 |  |  | $ | 1,636 |
Gain (Loss) on Securities | The following is a summary of realized and unrealized gains and losses recognized in net income on equity securities during the years ended December 31, 2021 and 2020 :
|  | December 31,
|  | 2021 |  | 2020
Net Gain (Loss) on Equity Securities |  | $ | 111 |  |  | $ | (427) |
Less: Net Gain (Loss) recognized during the reporting period on equity securities sold during the period |  | — |  |  | — |
Unrealized Net Gain (Loss) recognized during the reporting period on equity securities still held at the reporting date |  | $ | 111 |  |  | $ | (427) |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank | Schedule of Federal Reserve Bank and Federal Home Loan Bank Stock (at cost)
|  | December 31,
|  | 2021 |  | 2020
Federal Reserve Bank Stock |  | $ | 1,161 |  |  | $ | 1,150 |
Federal Home Loan Bank Stock |  | 4,219 |  |  | 4,199 |
Total Federal Reserve Bank and Federal Home Loan Bank Stock |  | $ | 5,380 |  |  | $ | 5,349 |

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