XML 29 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Securities (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Securities, Trading, and Equity Securities, FV-NI, Cost [Abstract]  
Schedule of Gross Unrealized Gains (Losses)

The fair value of equity securities and the related gross unrealized gains (losses) recognized in noninterest income were as follows:

 

 

September 30, 2025

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

(Dollars in thousands)

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Equity securities

$

9,352

 

 

$

649

 

 

$

(496

)

 

$

9,505

 

 

 

December 31, 2024

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

(Dollars in thousands)

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Equity securities

$

8,043

 

 

$

397

 

 

$

(658

)

 

$

7,782

 
Schedule of Gross Unrealized Gains (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 (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:

 

 

September 30, 2025

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

(Dollars in thousands)

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

Available for Sale:

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. Treasury notes and bonds

$

94,284

 

 

$

25

 

 

$

(5,923

)

 

$

88,386

 

State and municipal

 

262,393

 

 

 

-

 

 

 

(38,236

)

 

 

224,157

 

Mortgage-backed

 

238,535

 

 

 

98

 

 

 

(16,172

)

 

 

222,461

 

Corporate

 

250

 

 

 

-

 

 

 

(33

)

 

 

217

 

Asset-backed securities

 

8,936

 

 

 

-

 

 

 

(134

)

 

 

8,802

 

Total

$

604,398

 

 

$

123

 

 

$

(60,498

)

 

$

544,023

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

Held to Maturity:

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and federal agency

$

2,983

 

 

$

-

 

 

$

(182

)

 

$

2,801

 

State and municipal

 

197,497

 

 

 

43

 

 

 

(24,081

)

 

 

173,459

 

Mortgage-backed

 

167,458

 

 

 

14

 

 

 

(14,849

)

 

 

152,623

 

Corporate

 

20,532

 

 

 

32

 

 

 

(1,497

)

 

 

19,067

 

Asset-backed securities

 

47

 

 

 

-

 

 

 

-

 

 

 

47

 

Total

$

388,517

 

 

$

89

 

 

$

(40,609

)

 

$

347,997

 

 

 

December 31, 2024

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

(Dollars in thousands)

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

Available for Sale:

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. Treasury notes and bonds

$

89,875

 

 

$

-

 

 

$

(9,373

)

 

$

80,502

 

State and municipal

 

258,815

 

 

 

-

 

 

 

(30,579

)

 

 

228,236

 

Mortgage-backed

 

181,863

 

 

 

62

 

 

 

(20,955

)

 

 

160,970

 

Corporate

 

250

 

 

 

-

 

 

 

(38

)

 

 

212

 

Asset-backed securities

 

9,387

 

 

 

-

 

 

 

(190

)

 

 

9,197

 

Total

$

540,190

 

 

$

62

 

 

$

(61,135

)

 

$

479,117

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

Held to Maturity:

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and federal agency

$

2,978

 

 

$

-

 

 

$

(279

)

 

$

2,699

 

State and municipal

 

196,510

 

 

 

5

 

 

 

(31,477

)

 

 

165,038

 

Mortgage-backed

 

174,323

 

 

 

7

 

 

 

(21,963

)

 

 

152,367

 

Corporate

 

20,495

 

 

 

29

 

 

 

(1,803

)

 

 

18,721

 

Asset-backed securities

 

228

 

 

 

-

 

 

 

(5

)

 

 

223

 

Total

$

394,534

 

 

$

41

 

 

$

(55,527

)

 

$

339,048

 
Schedule of Available for Sale Securities with Unrealize Losses

Available for sale securities with unrealized losses as of September 30, 2025 and December 31, 2024, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

 

 

September 30, 2025

 

 

Less than 12 months

 

 

More than 12 months

 

 

Total

 

(Dollars in thousands)

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

Available for Sale:

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury notes and bonds

$

-

 

$

-

 

$

83,597

 

$

5,923

 

$

83,597

 

$

5,923

 

State and municipal

 

4,696

 

 

520

 

 

219,230

 

 

37,716

 

 

223,926

 

 

38,236

 

Mortgage-backed

 

67,359

 

 

982

 

 

134,772

 

 

15,190

 

 

202,131

 

 

16,172

 

Corporate

 

-

 

 

-

 

 

217

 

 

33

 

 

217

 

 

33

 

Asset-backed securities

 

-

 

 

-

 

 

8,802

 

 

134

 

 

8,802

 

 

134

 

     Total temporarily impaired

$

72,055

 

 

$

1,502

 

 

$

446,618

 

 

$

58,996

 

 

$

518,673

 

 

$

60,498

 

 

 

December 31, 2024

 

 

Less than 12 months

 

 

More than 12 months

 

 

Total

 

(Dollars in thousands)

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

Available for Sale:

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury notes and bonds

$

-

 

$

-

 

 

$

80,502

 

 

$

9,373

 

 

$

80,502

 

 

$

9,373

 

State and municipal

 

-

 

 

-

 

 

228,236

 

 

30,579

 

 

228,236

 

 

30,579

 

Mortgage-backed

 

963

 

 

1

 

 

142,170

 

 

20,954

 

 

143,133

 

 

20,955

 

Corporate

 

-

 

 

-

 

 

212

 

 

38

 

 

212

 

 

38

 

Asset-backed securities

 

-

 

 

-

 

 

9,197

 

 

190

 

 

9,197

 

 

190

 

     Total temporarily impaired

$

963

 

$

1

 

$

460,317

 

$

61,134

 

$

461,280

 

$

61,135

 
Schedule of Held to Maturity Securities with Unrealize Losses

Held to maturity securities with unrealized losses as of September 30, 2025 and December 31, 2024, aggregated by investment category and length of time the individual securities have been in an unrealized loss position, were as follows:

 

September 30, 2025

 

 

Less than 12 months

 

 

More than 12 months

 

 

Total

 

(Dollars in thousands)

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

Held to Maturity:

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Government and federal agency

$

-

 

$

-

 

$

2,801

 

$

182

 

$

2,801

 

$

182

 

State and municipal

 

951

 

 

21

 

 

167,633

 

 

24,060

 

 

168,584

 

 

24,081

 

Mortgage-backed

 

4,329

 

 

39

 

 

140,576

 

 

14,810

 

 

144,905

 

 

14,849

 

Corporate

 

1,447

 

 

3

 

 

15,929

 

 

1,494

 

 

17,376

 

 

1,497

 

Asset-backed securities

 

-

 

 

-

 

 

47

 

 

-

 

 

47

 

 

-

 

     Total temporarily impaired

$

6,727

 

$

63

 

$

326,986

 

$

40,546

 

$

333,713

 

$

40,609

 

 

 

December 31, 2024

 

 

Less than 12 months

 

 

More than 12 months

 

 

Total

 

(Dollars in thousands)

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

Held to Maturity:

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Government and federal agency

$

-

 

 

$

-

 

 

$

2,699

 

 

$

279

 

 

$

2,699

 

$

279

 

State and municipal

 

5,262

 

 

 

630

 

 

 

159,558

 

 

 

30,847

 

 

 

164,820

 

 

31,477

 

Mortgage-backed

 

2,350

 

 

 

11

 

 

 

141,970

 

 

 

21,952

 

 

 

144,320

 

 

21,963

 

Corporate

 

-

 

 

 

-

 

 

 

16,591

 

 

 

1,803

 

 

 

16,591

 

 

1,803

 

Asset-backed securities

 

-

 

 

 

-

 

 

 

223

 

 

 

5

 

 

 

223

 

 

5

 

     Total temporarily impaired

$

7,612

 

$

641

 

$

321,041

 

$

54,886

 

$

328,653

 

$

55,527

 
Schedule of Maturities of Securities

Presented below is a schedule of maturities of securities as of September 30, 2025. 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value

 

 

Less than

 

 

1 Year -

 

 

5 Years -

 

 

More than

 

 

at September 30,

 

(Dollars in thousands)

1 Year

 

 

5 Years

 

 

10 Years

 

 

10 Years

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury notes and bonds

$

980

 

 

$

87,406

 

 

$

-

 

 

$

-

 

 

$

88,386

 

State and municipal

 

230

 

 

 

32,024

 

 

 

29,622

 

 

 

162,281

 

 

 

224,157

 

Corporate

 

-

 

 

 

-

 

 

 

217

 

 

 

-

 

 

 

217

 

Asset-backed securities

 

-

 

 

 

6,406

 

 

 

2,396

 

 

 

-

 

 

 

8,802

 

Total debt securities

 

1,210

 

 

 

125,836

 

 

 

32,235

 

 

 

162,281

 

 

 

321,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities

 

1,649

 

 

 

124,723

 

 

 

72,250

 

 

 

23,839

 

 

 

222,461

 

Total Available for Sale

$

2,859

 

 

$

250,559

 

 

$

104,485

 

 

$

186,120

 

 

$

544,023

 

 

 

Held to Maturity Securities maturing within:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized Cost

 

 

Less than

 

 

1 Year -

 

 

5 Years -

 

 

More than

 

 

at September 30,

 

(Dollars in thousands)

1 Year

 

 

5 Years

 

 

10 Years

 

 

10 Years

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government and federal agency

$

-

 

 

$

2,983

 

 

$

-

 

 

$

-

 

 

$

2,983

 

State and municipal

 

2,332

 

 

 

45,985

 

 

 

90,267

 

 

 

58,913

 

 

 

197,497

 

Corporate

 

-

 

 

 

-

 

 

 

20,532

 

 

 

-

 

 

 

20,532

 

Asset-backed securities

 

47

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

47

 

Total debt securities

 

2,379

 

 

 

48,968

 

 

 

110,799

 

 

 

58,913

 

 

 

221,059

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-backed securities

 

3,416

 

 

 

93,193

 

 

 

70,849

 

 

 

-

 

 

 

167,458

 

Total Held to Maturity

$

5,795

 

 

$

142,161

 

 

$

181,648

 

 

$

58,913

 

 

$

388,517

 
Schedule of Unrealized Gains and Losses on Equity Securities

Following is information regarding unrealized gains and losses on equity securities for the three and nine months ended September 30, 2025 and 2024:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2025

 

 

2024

 

2025

 

 

2024

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

Net gains (losses) recognized during the period

 

$

458

 

 

$

277

 

$

804

 

 

$

241

 

Less: Net gains (losses) recognized during the period on securities sold

 

 

—

 

 

—

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains (losses) recognized during the reporting period on securities still held at the reporting date

 

$

458

 

$

277

 

$

804

 

 

$

241