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Investments (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale securities reconciliation
The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at March 31, 2025 and December 31, 2024 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrealized gains and losses (in thousands): 
 March 31, 2025
Available-for-Sale SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:    
U.S. Treasury securities$9,994 $— $(770)$9,224 $— 
U.S. Government agencies69 — (3)66 — 
Obligations of states and political subdivisions183,031 — (20,796)162,235 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations74,625 11 (4,042)70,594 — 
Private label mortgage and asset backed securities257,322 (30,901)226,427 — 
Corporate debt securities458 29 — 487 — 
Total available-for-sale$525,499 $46 $(56,512)$469,033 $— 
March 31, 2025
Held-to-Maturity SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:
Obligations of states and political subdivisions$192,187 $54 $(18,894)$173,347 $12 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,181 — (1,874)9,307 — 
Private label mortgage and asset backed securities52,540 — (4,776)47,764 
Corporate debt securities46,226 — (2,530)43,696 955 
Total held-to-maturity$302,134 $54 $(28,074)$274,114 $974 
 December 31, 2024
Available-for-Sale SecuritiesAmortized
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Allowance for Credit Losses
Debt securities:    
U.S. Treasury securities$9,994 $— $(936)$9,058 $— 
U.S. Government agencies70 — (5)65 — 
Obligations of states and political subdivisions183,766 — (19,126)164,640 — 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations76,732 (4,438)72,302 — 
Private label mortgage and asset backed securities265,302 (34,753)230,555 — 
Corporate debt securities470 23 — 493 
Total available-for-sale$536,334 $37 $(59,258)$477,113 $— 
December 31, 2024
Held-to-Maturity SecuritiesAmortized 
Cost
Gross
Unrealized
 Gains
Gross
Unrealized
Losses
Estimated
 Fair Value
Allowance for Credit Losses
Debt securities:
Obligations of states and political subdivisions$192,156 $54 $(17,392)$174,818 $12 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,095 — (2,100)8,995 — 
Private label mortgage and asset backed securities53,066 — (5,633)47,433 
Corporate debt securities46,198 — (2,876)43,322 1,136 
Total held-to-maturity$302,515 $54 $(28,001)$274,568 $1,156 
Realized gains and losses
Proceeds and gross realized gains (losses) from the sales or calls of available-for-sale investment securities for the periods ended March 31, 2025 and 2024 are shown below (in thousands):

For the Three Months Ended March 31,
Available-for-Sale Securities20252024
Proceeds from sales or calls$— $5,700 
Gross realized gains from sales or calls— — 
Gross realized losses from sales or calls— (373)
Available-for-sale securities by contractual maturity
The amortized cost and estimated fair value of available-for-sale and held-to maturity investment securities at March 31, 2025 by contractual maturity is shown below (in thousands).  Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

March 31, 2025December 31, 2024
Available-for-Sale SecuritiesAmortized 
Cost
Estimated Fair
Value
Amortized 
Cost
Estimated Fair
Value
Within one year$— $— $— $— 
After one year through five years15,660 14,320 15,661 14,056 
After five years through ten years39,021 34,843 33,585 29,670 
After ten years138,344 122,296 144,514 129,972 
 193,025 171,459 193,760 173,698 
Investment securities not due at a single maturity date:  
U.S. Government agencies69 66 70 65 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations74,625 70,594 76,732 72,302 
Private label mortgage and asset backed securities257,322 226,427 265,302 230,555 
Corporate debt securities458 487 470 493 
Total available-for-sale$525,499 $469,033 $536,334 $477,113 
March 31, 2025December 31, 2024
Held-to-Maturity SecuritiesAmortized 
Cost
Estimated Fair
Value
Amortized 
Cost
Estimated Fair
Value
Within one year$— $— $— $— 
After one year through five years26,422 25,491 24,535 23,368 
After five years through ten years58,637 54,009 60,369 54,685 
After ten years107,128 93,847 107,252 96,765 
192,187 173,347 192,156 174,818 
Investment securities not due at a single maturity date:
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,181 9,307 11,095 8,995 
Private label mortgage and asset backed securities52,540 47,764 53,066 47,433 
Corporate debt securities46,226 43,696 46,198 43,322 
Total held-to-maturity$302,134 $274,114 $302,515 $274,568 
Held-to-maturity securities by contractual maturity
The amortized cost and estimated fair value of available-for-sale and held-to maturity investment securities at March 31, 2025 by contractual maturity is shown below (in thousands).  Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.

March 31, 2025December 31, 2024
Available-for-Sale SecuritiesAmortized 
Cost
Estimated Fair
Value
Amortized 
Cost
Estimated Fair
Value
Within one year$— $— $— $— 
After one year through five years15,660 14,320 15,661 14,056 
After five years through ten years39,021 34,843 33,585 29,670 
After ten years138,344 122,296 144,514 129,972 
 193,025 171,459 193,760 173,698 
Investment securities not due at a single maturity date:  
U.S. Government agencies69 66 70 65 
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations74,625 70,594 76,732 72,302 
Private label mortgage and asset backed securities257,322 226,427 265,302 230,555 
Corporate debt securities458 487 470 493 
Total available-for-sale$525,499 $469,033 $536,334 $477,113 
March 31, 2025December 31, 2024
Held-to-Maturity SecuritiesAmortized 
Cost
Estimated Fair
Value
Amortized 
Cost
Estimated Fair
Value
Within one year$— $— $— $— 
After one year through five years26,422 25,491 24,535 23,368 
After five years through ten years58,637 54,009 60,369 54,685 
After ten years107,128 93,847 107,252 96,765 
192,187 173,347 192,156 174,818 
Investment securities not due at a single maturity date:
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations11,181 9,307 11,095 8,995 
Private label mortgage and asset backed securities52,540 47,764 53,066 47,433 
Corporate debt securities46,226 43,696 46,198 43,322 
Total held-to-maturity$302,134 $274,114 $302,515 $274,568 
AFS debt securities in an unrealized loss position
The following table summarizes the Company’s AFS debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands): 
 March 31, 2025
 Less than 12 Months12 Months or MoreTotal
 FairUnrealizedFairUnrealizedFairUnrealized
Available-for-Sale SecuritiesValueLossesValueLossesValueLosses
Debt securities:      
U.S. Treasury securities$— $— $9,224 $(770)$9,224 $(770)
U.S. Government agencies— — 66 (3)66 (3)
Obligations of states and political subdivisions2,802 (450)159,433 (20,346)162,235 (20,796)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations4,602 (22)64,892 (4,020)69,494 (4,042)
Private label mortgage and asset backed securities— — 226,369 (30,901)226,369 (30,901)
Total available-for-sale$7,404 $(472)$459,984 $(56,040)$467,388 $(56,512)

 December 31, 2024
 Less than 12 Months12 Months or MoreTotal
 FairUnrealizedFairUnrealizedFairUnrealized
Available-for-Sale SecuritiesValueLossesValueLossesValueLosses
Debt securities:     
U.S. Treasury securities$— $— $9,058 $(936)$9,058 $(936)
U.S. Government agencies— — 65 (5)65 (5)
Obligations of states and political subdivisions1,853 (152)162,787 (18,974)164,640 (19,126)
U.S. Government sponsored entities and agencies collateralized by residential mortgage obligations359 (4)63,401 (4,434)63,760 (4,438)
Private label mortgage and asset backed securities— — 226,070 (34,753)226,070 (34,753)
Total available-for-sale$2,212 $(156)$461,381 $(59,102)$463,593 $(59,258)
Allowance for credit losses related to held-to-maturity debt securities
The following table shows the summary of activities for the allowance for credit losses related to held-to-maturity debt securities for the three months ended March 31, 2025 and 2024 (in thousands):
For the Three Months
Ended March 31,
20252024
Debt Securities Held-to-Maturity
Beginning ACL balance$1,156 $1,051 
Credit to credit losses(182)(157)
Total ending ACL balance$974 $894 
Debt securities held-to-maturity aggregated by credit quality indicator The following table summarizes the amortized cost of debt securities held-to-maturity at the dates indicated, aggregated by credit quality indicator. U.S. Government sponsored agencies are not included in the below tables as credit ratings are not applicable.
March 31, 2025
Debt Securities Held-to-Maturity (in thousands)AAA/AA/ABBBUnrated
Obligations of states and political subdivisions$192,187 $— $— 
Private label mortgage and asset backed securities50,936 — 1,604 
Corporate debt securities— 30,224 16,002 
Total debt securities held-to-maturity$243,123 $30,224 $17,606