XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.21.2

Investments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract] |
Investments by contractual maturity |
|  | June 30, 2021
Available-for-Sale Securities |  | Amortized Cost |  | Estimated Fair Value
Within one year |  | $ | 304 |  |  | $ | 305 |
After one year through five years |  | 3,317 |  |  | 3,627 |
After five years through ten years |  | 84,162 |  |  | 86,564 |
After ten years |  | 390,454 |  |  | 403,156 |
|  | 478,237 |  |  | 493,652 |
Investment securities not due at a single maturity date: |  |  |  |
U.S. Government agencies |  | 637 |  |  | 653 |
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations |  | 224,920 |  |  | 227,042 |
Private label mortgage and asset backed securities |  | 180,844 |  |  | 180,781 |
Corporate debt securities |  | 49,500 |  |  | 50,288 |
Total available-for-sale |  | $ | 934,138 |  |  | $ | 952,416 |
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):
|  | June 30, 2021
Available-for-Sale Securities |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Debt securities: |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 19,987 |  |  | $ | 10 |  |  | $ | (3) |  |  | $ | 19,994 |
U.S. Government agencies |  | 637 |  |  | 16 |  |  | — |  |  | 653 |
Obligations of states and political subdivisions |  | 458,250 |  |  | 17,447 |  |  | (2,039) |  |  | 473,658 |
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations |  | 224,920 |  |  | 3,131 |  |  | (1,009) |  |  | 227,042 |
Private label mortgage and asset backed securities |  | 180,844 |  |  | 1,293 |  |  | (1,356) |  |  | 180,781 |
Corporate debt securities |  | 49,500 |  |  | 883 |  |  | (95) |  |  | 50,288 |
Total available-for-sale |  | $ | 934,138 |  |  | $ | 22,780 |  |  | $ | (4,502) |  |  | $ | 952,416 |
|  | 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 June 30, 2021 and 2020 are shown below (in thousands):
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
Available-for-Sale Securities |  | 2021 |  | 2020 |  | 2021 |  | 2020
Proceeds from sales or calls |  | $ | 590 |  |  | $ | 16,114 |  |  | $ | 590 |  |  | $ | 122,151 |
Gross realized gains from sales or calls |  | — |  |  | 306 |  |  | — |  |  | 4,504 |
Gross realized losses from sales or calls |  | (79) |  |  | (364) |  |  | (79) |  |  | (364) |

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27357-111563 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration