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Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Available-for-sale Securities | The following table is the schedule of Available-For-Sale Securities at December 31, 2022 and 2021:
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, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Available-For-Sale Securities, at Amortized Cost |  | $ | 190,000 |  |  | $ | 340 |  |  | $ | 447,755 |  |  | $ | 1,000 |  |  |  |  | $ | 639,095 |
Gross Unrealized Gains |  | 15 |  |  | — |  |  | 65 |  |  | — |  |  |  |  | 80 |
Gross Unrealized Losses |  | (14,816) |  |  | — |  |  | (50,664) |  |  | (200) |  |  |  |  | (65,680) |
Available-For-Sale Securities, at Fair Value |  | $ | 175,199 |  |  | $ | 340 |  |  | $ | 397,156 |  |  | $ | 800 |  |  |  |  | $ | 573,495 |
Available-For-Sale Securities, Pledged as Collateral, at Fair Value |  |  |  |  |  |  |  |  |  |  |  | 308,266 |
Maturities of Debt Securities, at Amortized Cost: |  |  |  |  |  |  |  |  |  |  |  |
Within One Year |  | — |  |  | 20 |  |  | 690 |  |  | — |  |  |  |  | 710 |
From 1 - 5 Years |  | 190,000 |  |  | — |  |  | 241,322 |  |  | — |  |  |  |  | 431,322 |
From 5 - 10 Years |  | — |  |  | 320 |  |  | 205,743 |  |  | 1,000 |  |  |  |  | 207,063 |
Over 10 Years |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Maturities of Debt Securities, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |
Within One Year |  | — |  |  | 20 |  |  | 667 |  |  | — |  |  |  |  | 687 |
From 1 - 5 Years |  | 175,199 |  |  | — |  |  | 222,112 |  |  | — |  |  |  |  | 397,311 |
From 5 - 10 Years |  | — |  |  | 320 |  |  | 174,377 |  |  | 800 |  |  |  |  | 175,497 |
Over 10 Years |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  | — |
Securities in a Continuous Loss Position, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 66,690 |  |  | $ | — |  |  | $ | 183,868 |  |  | $ | — |  |  |  |  | $ | 250,558 |
12 Months or Longer |  | 93,493 |  |  | — |  |  | 199,262 |  |  | 800 |  |  |  |  | 293,555 |
Total |  | $ | 160,183 |  |  | $ | — |  |  | $ | 383,130 |  |  | $ | 800 |  |  |  |  | $ | 544,113 |
Number of Securities in a Continuous Loss Position |  | 23 |  |  | — |  |  | 150 |  |  | 1 |  |  |  |  | 174 |
Unrealized Losses on Securities in a Continuous Loss Position: |  |  |  |  |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 3,310 |  |  | $ | — |  |  | $ | 18,756 |  |  | $ | — |  |  |  |  | $ | 22,066 |
12 Months or Longer |  | 11,506 |  |  | — |  |  | 31,908 |  |  | 200 |  |  |  |  | 43,614 |
Total |  | $ | 14,816 |  |  | $ | — |  |  | $ | 50,664 |  |  | $ | 200 |  |  |  |  | $ | 65,680 |
Disaggregated Details: |  |  |  |  |  |  |  |  |  |  |  |
US Agency Obligations, at Amortized Cost |  | 190,000 |  |  |  |  |  |  |  |  |  |  |
US Agency Obligations, at Fair Value |  | 175,199 |  |  |  |  |  |  |  |  |  |  |
US Government Agency Securities, at Amortized Cost |  |  |  |  |  | $ | 7,934 |  |  |  |  |  |  |
US Government Agency Securities, at Fair Value |  |  |  |  |  | 7,433 |  |  |  |  |  |  |
Government Sponsored Entity Securities, at Amortized Cost |  |  |  |  |  | 439,821 |  |  |  |  |  |  |
Government Sponsored Entity Securities, at Fair Value |  |  |  |  |  | 389,723 |  |  |  |  |  |  |
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 |
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 |  |  |  |  |  |  |
At December 31, 2022, 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, 2022 and 2021:
Held-To-Maturity Securities
|  | State and Municipal Obligations |  | Mortgage- Backed Securities |  |  |  | Total Held-To Maturity Securities
December 31, 2022 |  |  |  |  |  |  |  |
Held-To-Maturity Securities, at Amortized Cost |  | $ | 163,600 |  |  | $ | 11,764 |  |  |  |  | $ | 175,364 |
Gross Unrealized Gains |  | 1 |  |  | — |  |  |  |  | 1 |
Gross Unrealized Losses |  | (3,131) |  |  | (611) |  |  |  |  | (3,742) |
Held-To-Maturity Securities, at Fair Value |  | $ | 160,470 |  |  | $ | 11,153 |  |  |  |  | $ | 171,623 |
Held-To-Maturity Securities, Pledged as Collateral, at Fair Value |  |  |  |  |  |  |  | 142,982 |
Maturities of Debt Securities, at Amortized Cost: |  |  |  |  |  |  |  |
Within One Year |  | 52,522 |  |  | — |  |  |  |  | 52,522 |
From 1 - 5 Years |  | 108,233 |  |  | 11,764 |  |  |  |  | 119,997 |
From 5 - 10 Years |  | 2,806 |  |  | — |  |  |  |  | 2,806 |
Over 10 Years |  | 39 |  |  | — |  |  |  |  | 39 |
Maturities of Debt Securities, at Fair Value: |  |  |  |  |  |  |  |
Within One Year |  | 52,233 |  |  | — |  |  |  |  | 52,233 |
From 1 - 5 Years |  | 105,414 |  |  | 11,153 |  |  |  |  | 116,567 |
From 5 - 10 Years |  | 2,784 |  |  | — |  |  |  |  | 2,784 |
Over 10 Years |  | 39 |  |  | — |  |  |  |  | 39 |
Securities in a Continuous Loss Position, at Fair Value: |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 137,773 |  |  | $ | 11,153 |  |  |  |  | $ | 148,926 |
12 Months or Longer |  | — |  |  | — |  |  |  |  | — |
Total |  | $ | 137,773 |  |  | $ | 11,153 |  |  |  |  | $ | 148,926 |
Number of Securities in a Continuous Loss Position |  | 397 |  |  | 16 |  |  |  |  | 413 |
Unrealized Losses on Securities in a Continuous Loss Position: |  |  |  |  |  |  |  |
Less than 12 Months |  | $ | 3,131 |  |  | $ | 611 |  |  |  |  | $ | 3,742 |
12 Months or Longer |  | — |  |  | — |  |  |  |  | — |
Total |  | $ | 3,131 |  |  | $ | 611 |  |  |  |  | $ | 3,742 |
Disaggregated Details: |  |  |  |  |  |  |  |
US Government Agency Securities, at Amortized Cost |  |  |  | 3,898 |  |  |  |  |
US Government Agency Securities, at Fair Value |  |  |  | 3,687 |  |  |  |  |
Government Sponsored Entity Securities, at Amortized Cost |  |  |  | 7,866 |  |  |  |  |
Government Sponsored Entity Securities, at Fair Value |  |  |  | 7,466 |  |  |  |  |
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 |
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 |  |  |  |  |
Debt Securities, Trading, and Equity Securities, FV-NI | The following table is the schedule of Equity Securities at December 31, 2022 and 2021.
Equity Securities
|  | December 31,
|  | 2022 |  | 2021
Equity Securities, at Fair Value |  | $ | 2,174 |  |  | $ | 1,747 |
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, 2022 and 2021:
|  | December 31,
|  | 2022 |  | 2021
Net Gain (Loss) on Equity Securities |  | $ | 427 |  |  | $ | 111 |
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 |  | $ | 427 |  |  | $ | 111 |
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,
|  | 2022 |  | 2021
Federal Reserve Bank Stock |  | $ | 1,180 |  |  | $ | 1,161 |
Federal Home Loan Bank Stock |  | 4,884 |  |  | 4,219 |
Total Federal Reserve Bank and Federal Home Loan Bank Stock |  | $ | 6,064 |  |  | $ | 5,380 |

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