Investments (Tables)

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]


	March 31, 2022
Available-for-Sale Securities	Amortized Cost		Estimated Fair Value
Within one year	$	—	$	—
After one year through five years	3,727		3,877
After five years through ten years	98,715		92,825
After ten years	346,536		321,685
	448,978		418,387
Investment securities not due at a single maturity date:

U.S. Government agencies	356		344
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	226,466		221,304
Private label mortgage and asset backed securities	508,430		475,813
Corporate debt securities	47,500		45,908
Total available-for-sale	$	1,231,730	$	1,161,756

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, 2022
Available-for-Sale Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Debt securities:
U.S. Treasury securities	$	9,988	$	—	$	(730)	$	9,258
U.S. Government agencies	356		—		(12)		344
Obligations of states and political subdivisions	438,990		1,543		(31,404)		409,129
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	226,466		329		(5,491)		221,304
Private label mortgage and asset backed securities	508,430		308		(32,925)		475,813
Corporate debt securities	47,500		205		(1,797)		45,908
Total available-for-sale	$	1,231,730	$	2,385	$	(72,359)	$	1,161,756


	December 31, 2021
Available-for-Sale Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Debt securities:
U.S. Treasury securities	$	9,988	$	—	$	(63)	$	9,925
U.S. Government agencies	373		6		—		379
Obligations of states and political subdivisions	512,952		16,703		(3,188)		526,467
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations	213,471		2,245		(1,277)		214,439
Private label mortgage and asset backed securities	317,089		824		(4,693)		313,220
Corporate debt securities	44,500		595		(317)		44,778
Total available-for-sale	$	1,098,373	$	20,373	$	(9,538)	$	1,109,208

Realized gains and losses

Proceeds and gross realized gains (losses) from the sales or calls of investment securities for the periods ended March 31, 2022 and 2021 are shown below (in thousands):


	For the Three Months Ended March 31,
Available-for-Sale Securities		2022		2021
Proceeds from sales or calls		$	132,991	$	—
Gross realized gains from sales or calls		206		—
Gross realized losses from sales or calls		—		—