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Securities (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]  
Schedule of Gross Unrealized Gains and (Losses)
The fair value of equity securities and the related gross unrealized gains and (losses) recognized in noninterest income were as follows:

 
June 30, 2024
  
 
(Dollars in thousands)
  
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Fair
Value
  
Equity securities
  
$
7,993
    
$
266
    
$
(757
)
  
$
7,502
  

 
December 31, 2023
  
 
(Dollars in thousands)
  
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Fair
Value
  
Equity securities
  
$
7,960
    
$
212
    
$
(667
)
  
$
7,505
  
Schedule of Gross Unrealized Gains and Losses on Investment Securities Available for Sale Recognized in Accumulated Other Comprehensive Income (loss)
The following tables present the amortized cost and fair value of securities available for sale and the gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and the amortized cost and fair value of securities held to maturity and the related gross unrealized gains and losses:

 
June 30, 2024
  
 
(Dollars in thousands)
Available for Sale:
  
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Fair
Value
  
U.S. Treasury notes and bonds
  
$
90,112
    
$
-
    
$
(10,801
)
  
$
79,311
  
State and municipal
    
260,866
      
-
      
(31,611
)
    
229,255
  
Mortgage-backed
    
196,032
      
26
      
(23,000
)
    
173,058
  
Corporate
    
250
      
-
      
(45
)
    
205
  
Asset-backed securities
    
10,050
      
-
      
(209
)
    
9,841
  
Total
  
$
557,310
    
$
26
    
$
(65,666
)
  
$
491,670
  
                                 
(Dollars in thousands)
                                
Held to Maturity:
                                
U.S. Government and federal agency
  
$
2,975
    
$
-
    
$
(340
)
  
$
2,635
  
State and municipal
    
195,460
      
6
      
(32,418
)
    
163,048
  
Mortgage-backed
    
173,860
      
-
      
(24,715
)
    
149,145
  
Corporate
    
20,028
      
19
      
(2,652
)
    
17,395
  
Asset-backed securities
    
376
      
-
      
(16
)
    
360
  
Total
  
$
392,699
    
$
25
    
$
(60,141
)
  
$
332,583
  

 
December 31, 2023
  
 
(Dollars in thousands)
Available for Sale:
  
Amortized
Cost
    
Gross
Unrealized
Gains
    
Gross
Unrealized
Losses
    
Fair
Value
  
U.S. Treasury notes and bonds
  
$
90,345
    
$
-
    
$
(10,151
)
  
$
80,194
  
State and municipal
    
269,918
      
-
      
(35,236
)
    
234,682
  
Mortgage-backed
    
212,392
      
14
      
(23,905
)
    
188,501
  
Corporate
    
250
      
-
      
(46
)
    
204
  
Asset-backed securities
    
11,334
      
-
      
(317
)
    
11,017
  
Total
  
$
584,239
    
$
14
    
$
(69,655
)
  
$
514,598
  
                                 
(Dollars in thousands)
                                
Held to Maturity:
                                
U.S. Government and federal agency
  
$
2,972
    
$
-
    
$
(293
)
  
$
2,679
  
State and municipal
    
196,098
      
14
      
(30,220
)
    
165,892
  
Mortgage-backed
    
188,329
      
-
      
(25,796
)
    
162,533
  
Corporate
    
20,013
      
21
      
(2,864
)
    
17,170
  
Asset-backed securities
    
547
      
-
      
(30
)
    
517
  
Total
  
$
407,959
    
$
35
    
$
(59,203
)
  
$
348,791
  
Schedule of Available for Sale Securities with Unrealize Losses
Available for sale securities with unrealized losses as of June 30, 2024 and December 31, 2023, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

 
June 30, 2024
  
 
Less than 12 months
    
More than 12 months
    
Total
  
 
Fair
Value
    
Unrealized
Losses
    
Fair
Value
    
Unrealized
Losses
    
Fair
Value
    
Unrealized
Losses
  
(Dollars in thousands)
Available for Sale:
U.S. Treasury notes and bonds
  
$
-
    
$
-
    
$
79,311
    
$
10,801
    
$
79,311
    
$
10,801
  
State and municipal
    
-
      
-
      
229,255
      
31,611
      
229,255
      
31,611
  
Mortgage-backed
    
2,503
      
14
      
159,321
      
22,986
      
161,824
      
23,000
  
Corporate
    
-
      
-
      
205
      
45
      
205
      
45
  
Asset-backed securities
    
-
      
-
      
9,841
      
209
      
9,841
      
209
  
Total temporarily impaired
  
$
2,503
    
$
14
    
$
477,933
    
$
65,652
    
$
480,436
    
$
65,666
  

 
December 31, 2023
  
 
Less than 12 months
    
More than 12 months
    
Total
  
(Dollars in thousands)
Available for Sale:
  
Fair
Value
    
Unrealized
Losses
    
Fair
Value
    
Unrealized
Losses
    
Fair
Value
    
Unrealized
Losses
  
U.S. Treasury notes and bonds
  
$
-
    
$
-
    
$
80,194
    
$
10,151
    
$
80,194
    
$
10,151
  
State and municipal
    
557
      
6
      
234,125
      
35,230
      
234,682
      
35,236
  
Mortgage-backed
    
1,255
      
23
      
176,400
      
23,882
      
177,655
      
23,905
  
Corporate
    
-
      
-
      
204
      
46
      
204
      
46
  
Asset-backed securities
    
-
      
-
      
11,017
      
317
      
11,017
      
317
  
Total temporarily impaired
  
$
1,812
    
$
29
    
$
501,940
    
$
69,626
    
$
503,752
    
$
69,655
  
Schedule of Held to Maturity Securities with Unrealize Losses
Held to maturity securities with unrealized losses as of June 30, 2024 and December 31, 2023, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

 
June 30, 2024
  
 
Less than 12 months
    
More than 12 months
    
Total
  
(Dollars in thousands)
Held to Maturity:
  
Fair
Value
    
Unrealized Losses
    
Fair
Value
    
Unrealized Losses
    
Fair
Value
    
Unrealized Losses
  
U.S. Government and federal agency
  
$
-
    
$
-
    
$
2,635
    
$
340
    
$
2,635
    
$
340
  
State and municipal
    
7,256
      
1,350
      
155,628
      
31,068
      
162,884
      
32,418
  
Mortgage-backed
    
-
      
-
      
149,145
      
24,715
      
149,145
      
24,715
  
Corporate
    
-
      
-
      
15,731
      
2,652
      
15,731
      
2,652
  
Asset-backed securities
    
-
      
-
      
360
      
16
      
360
      
16
  
Total temporarily impaired
  
$
7,256
    
$
1,350
    
$
323,499
    
$
58,791
    
$
330,755
    
$
60,141
  

 
December 31, 2023
  
 
Less than 12 months
    
More than 12 months
    
Total
  
(Dollars in thousands)
Held to Maturity:
  
Fair
Value
    
Unrealized
Losses
    
Fair
Value
    
Unrealized
Losses
    
Fair
Value
    
Unrealized
Losses
  
U.S. Government and federal agency
  
$
-
    
$
-
    
$
2,679
    
$
293
    
$
2,679
    
$
293
  
State and municipal
    
23
      
-
      
165,526
      
30,220
      
165,549
      
30,220
  
Mortgage-backed
    
-
      
-
      
162,533
      
25,796
      
162,533
      
25,796
  
Corporate
    
-
      
-
      
15,509
      
2,864
      
15,509
      
2,864
  
Asset-backed securities
    
-
      
-
      
517
      
30
      
517
      
30
  
Total temporarily impaired
  
$
23
    
$
-
    
$
346,764
    
$
59,203
    
$
346,787
    
$
59,203
  
Schedule of Maturities of Securities
Presented below is a schedule of maturities of securities as of June 30, 2024.  Available for sale securities are reported at fair value and held to maturity securities are reported at amortized cost.  Callable securities in the money are presumed called and matured at the callable date.

 
Available for Sale Securities maturing within:
        
 
(Dollars in thousands)
  
Less than
1 Year
    
1 Year -
5 Years
    
5 Years -
10 Years
    
More than
10 Years
    
Fair Value
at June 30,
2024
  
U.S. Treasury notes and bonds
  
$
-
    
$
73,173
    
$
6,138
    
$
-
    
$
79,311
  
State and municipal
    
1,006
      
15,130
      
77,614
      
135,505
      
229,255
  
Corporate
    
-
      
-
      
205
      
-
      
205
  
Asset-backed securities
    
-
      
7,192
      
2,649
      
-
      
9,841
  
Total debt securities
    
1,006
      
95,495
      
86,606
      
135,505
      
318,612
  
                                         
Mortgage-backed securities
    
12,846
      
79,329
      
56,372
      
24,511
      
173,058
  
Total Available for Sale
  
$
13,852
    
$
174,824
    
$
142,978
    
$
160,016
    
$
491,670
  

 
Held to Maturity Securities maturing within:
        
 
(Dollars in thousands)
  
Less than
1 Year
    
1 Year -
5 Years
    
5 Years -
10 Years
    
More than
10 Years
    
Amortized Cost
at June 30,
2024
  
U.S. Government and federal agency
  
$
-
    
$
2,975
    
$
-
    
$
-
    
$
2,975
  
State and municipal
    
1,690
      
17,189
      
98,079
      
78,502
      
195,460
  
Corporate
    
-
      
-
      
20,028
      
-
      
20,028
  
Asset-backed securities
    
376
      
-
      
-
      
-
      
376
  
Total debt securities
    
2,066
      
20,164
      
118,107
      
78,502
      
218,839
  
                                         
Mortgage-backed securities
    
16,659
      
29,543
      
127,658
      
-
      
173,860
  
Total Held to Maturity
  
$
18,725
    
$
49,707
    
$
245,765
    
$
78,502
    
$
392,699
  
Schedule of Unrealized Gains and Losses on Equity Securities
Following is information regarding unrealized gains and losses on equity securities for the three and six months ended June 30, 2024 and 2023:

 
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
 
2024
    
2023
    
2024
    
2023
  
(Dollars in thousands)
                        
Net gains and (losses) recognized during the period
  
$
(71
)
  
$
(385
)
  
$
(36
)
  
$
(322
)
Less: Net gains and (losses) recognized during the period on securities sold
    
-
      
-
      
—
      
—
  
                                 
Unrealized gains and (losses) recognized during the reporting period on securities still held at the reporting date
  
$
(71
)
  
$
(385
)
  
$
(36
)
  
$
(322
)