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Securities (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Debt Securities Available for Sale
The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables:
December 31, 2024
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$334,123 $539 $(27,562)$307,100 
Municipal bonds203,394 — (34,551)168,843 
U.S. Treasury securities10,995 — (63)10,932 
U.S. agency securities64,881 18 (1,626)63,273 
Total Securities AFS$613,393 $557 $(63,802)$550,148 
Securities HTM:
Mortgage-backed securities$130,864 $— $(22,698)$108,166 
U.S. agency securities932 — (108)824 
Total Securities HTM$131,796 $— $(22,806)$108,990 
December 31, 2023
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$288,793 $395 $(31,228)$257,960 
Municipal bonds211,848 13 (27,732)184,129 
U.S. Treasury securities92,054 — (1,912)90,142 
U.S. agency securities39,563 (1,707)37,861 
Total Securities AFS$632,258 $413 $(62,579)$570,092 
Securities HTM:
Mortgage-backed securities$140,314 $— $(22,098)$118,216 
U.S. agency securities922 — (109)813 
Total Securities HTM$141,236 $— $(22,207)$119,029 
Schedule of Debt Securities Held-to-Maturity
The amortized cost and estimated fair value of securities AFS and securities HTM are summarized in the following tables:
December 31, 2024
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$334,123 $539 $(27,562)$307,100 
Municipal bonds203,394 — (34,551)168,843 
U.S. Treasury securities10,995 — (63)10,932 
U.S. agency securities64,881 18 (1,626)63,273 
Total Securities AFS$613,393 $557 $(63,802)$550,148 
Securities HTM:
Mortgage-backed securities$130,864 $— $(22,698)$108,166 
U.S. agency securities932 — (108)824 
Total Securities HTM$131,796 $— $(22,806)$108,990 
December 31, 2023
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$288,793 $395 $(31,228)$257,960 
Municipal bonds211,848 13 (27,732)184,129 
U.S. Treasury securities92,054 — (1,912)90,142 
U.S. agency securities39,563 (1,707)37,861 
Total Securities AFS$632,258 $413 $(62,579)$570,092 
Securities HTM:
Mortgage-backed securities$140,314 $— $(22,098)$118,216 
U.S. agency securities922 — (109)813 
Total Securities HTM$141,236 $— $(22,207)$119,029 
Schedule of Maturities of Securities Available for Sale
The amortized cost and estimated fair value of securities AFS and securities HTM as of December 31, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers have the right to call or repay obligations with or without call or prepayment penalties.
December 31, 2024
(in thousands)Amortized
Cost
Fair
Value
Securities AFS:
Within one year$17,974 $17,845 
After one year but within five years25,071 24,278 
After five years but within ten years126,667 118,100 
After ten years443,681 389,925 
Total Securities AFS$613,393 $550,148 
Securities HTM:
Within one year$— $— 
After one year but within five years— — 
After five years but within ten years932 824 
After ten years130,864 108,166 
Total Securities HTM$131,796 $108,990 
Schedule of Debt Securities Available for Sale in Unrealized Loss Position
Information pertaining to securities AFS with gross unrealized losses as of December 31, 2024 and 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:
December 31, 2024
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(642)$66,986 $(26,920)$179,644 
Municipal bonds(136)2,863 (34,415)165,980 
U.S. Treasury securities— — (63)10,932 
U.S. agency securities(82)27,329 (1,544)19,801 
Total Securities AFS$(860)$97,178 $(62,942)$376,357 
December 31, 2023
Less than twelve monthsTwelve months or more
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(35)$19,383 $(31,193)$206,518 
Municipal bonds(83)4,815 (27,649)176,098 
U.S. Treasury securities— — (1,912)90,142 
U.S. agency securities(82)19,301 (1,625)14,475 
Total Securities AFS$(200)$43,499 $(62,379)$487,233 
Schedule of Debt Securities Held-to-Maturity in Unrealized Loss Position
Information pertaining to securities AFS with gross unrealized losses as of December 31, 2024 and 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:
December 31, 2024
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(642)$66,986 $(26,920)$179,644 
Municipal bonds(136)2,863 (34,415)165,980 
U.S. Treasury securities— — (63)10,932 
U.S. agency securities(82)27,329 (1,544)19,801 
Total Securities AFS$(860)$97,178 $(62,942)$376,357 
December 31, 2023
Less than twelve monthsTwelve months or more
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(35)$19,383 $(31,193)$206,518 
Municipal bonds(83)4,815 (27,649)176,098 
U.S. Treasury securities— — (1,912)90,142 
U.S. agency securities(82)19,301 (1,625)14,475 
Total Securities AFS$(200)$43,499 $(62,379)$487,233 
Schedule of Realized Gain (Loss)
The proceeds from sales of debt securities and their gross gain (loss) for the years ended December 31, 2024, 2023, and 2022, are shown below:
Years Ended December 31,
(in thousands)202420232022
Proceeds (1)
$— $— $41,234 
Gross gain— — 64 
Gross loss— — (123)
(1)The proceeds include the gross gain and loss.