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Securities (Tables)
3 Months Ended
Mar. 31, 2025
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:
March 31, 2025
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$351,989 $1,002 $(24,708)$328,283 
Municipal bonds201,832 — (33,443)168,389 
U.S. Treasury securities3,498 — (14)3,484 
U.S. agency securities68,205 14 (1,501)66,718 
Total Securities AFS$625,524 $1,016 $(59,666)$566,874 
Securities HTM:
Mortgage-backed securities$128,752 $— $(21,671)$107,081 
U.S. agency securities934 — (88)846 
Total Securities HTM$129,686 $— $(21,759)$107,927 
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 
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:
March 31, 2025
(in thousands)Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$351,989 $1,002 $(24,708)$328,283 
Municipal bonds201,832 — (33,443)168,389 
U.S. Treasury securities3,498 — (14)3,484 
U.S. agency securities68,205 14 (1,501)66,718 
Total Securities AFS$625,524 $1,016 $(59,666)$566,874 
Securities HTM:
Mortgage-backed securities$128,752 $— $(21,671)$107,081 
U.S. agency securities934 — (88)846 
Total Securities HTM$129,686 $— $(21,759)$107,927 
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 
Schedule of Maturities of Securities Available for Sale
The amortized cost and estimated fair value of securities AFS and securities HTM as of March 31, 2025, 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.
March 31, 2025
(in thousands)Amortized
Cost
Fair
Value
Securities AFS:
Within one year$11,048 $10,981 
After one year but within five years25,126 24,496 
After five years but within ten years126,954 118,862 
After ten years462,396 412,535 
Total Securities AFS$625,524 $566,874 
Securities HTM:
Within one year$— $— 
After one year but within five years— — 
After five years but within ten years934 846 
After ten years128,752 107,081 
Total Securities HTM$129,686 $107,927 
Schedule of Debt Securities Available for Sale in Unrealized Loss Position
Information pertaining to securities AFS with gross unrealized losses as of March 31, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:
March 31, 2025
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(417)$61,515 $(24,291)$175,263 
Municipal bonds(85)1,968 (33,358)166,421 
U.S. Treasury securities— — (14)3,484 
U.S. agency securities(103)37,138 (1,398)21,540 
Total Securities AFS$(605)$100,621 $(59,061)$366,708 
December 31, 2024
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(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)$376,357 
Schedule of Debt Securities Held-to-Maturity in Unrealized Loss Position
Information pertaining to securities AFS with gross unrealized losses as of March 31, 2025 and December 31, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position, is described as follows:
March 31, 2025
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(417)$61,515 $(24,291)$175,263 
Municipal bonds(85)1,968 (33,358)166,421 
U.S. Treasury securities— — (14)3,484 
U.S. agency securities(103)37,138 (1,398)21,540 
Total Securities AFS$(605)$100,621 $(59,061)$366,708 
December 31, 2024
Less than twelve monthsTwelve months or more
(in thousands)Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Securities AFS:
Mortgage-backed securities$(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