Investments (Tables)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]


	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)