Investments (Tables)

3 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]


	March 31, 2021
Available-for-Sale Securities	Amortized Cost		Estimated Fair Value
Within one year	$	301	$	305
After one year through five years	3,285		3,612
After five years through ten years	24,932		26,876
After ten years	379,670		382,690
	408,188		413,483
Investment securities not due at a single maturity date:

U.S. Government agencies	644		655
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	212,364		214,386
Private label mortgage and asset backed securities	108,053		107,920
Corporate debt securities	32,000		32,275
Total available-for-sale	$	761,249	$	768,719

Available-for-sale securities reconciliation

The following table sets forth the carrying values and estimated fair values of our investment securities portfolio at the dates indicated (in thousands):


	March 31, 2021
Available-for-Sale Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Debt securities:

U.S. Government agencies	$	644	$	11	$	—	$	655
Obligations of states and political subdivisions	408,188		10,458		(5,163)		413,483
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	212,364		3,186		(1,164)		214,386
Private label mortgage and asset backed securities	108,053		1,263		(1,396)		107,920
Corporate debt securities	32,000		444		(169)		32,275
Total available-for-sale	$	761,249	$	15,362	$	(7,892)	$	768,719


	December 31, 2020
Available-for-Sale Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Debt securities:

U.S. Government agencies	$	651	$	29	$	—	$	680
Obligations of states and political subdivisions	361,734		18,170		(339)		379,565
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	214,203		3,575		(1,480)		216,298
Private label mortgage and asset backed securities	82,413		1,337		(242)		83,508
Corporate debt securities	30,000		260		(219)		30,041
Total available-for-sale	$	689,001	$	23,371	$	(2,280)	$	710,092

Realized gains and losses

Proceeds and gross realized gains (losses) from the sales or calls of investment securities for the periods ended March 31, 2021 and 2020 are shown below (in thousands):


	For the Three Months Ended March 31,
Available-for-Sale Securities		2021		2020
Proceeds from sales or calls		$	—	$	106,037
Gross realized gains from sales or calls		—		4,198
Gross realized losses from sales or calls		—		—