XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Investments Debt And Equity Securities [Abstract] |
Available for Sale Securities | The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized were as follows:
September 30, 2021 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 53,247 |  |  | $ | 186 |  |  | $ | (156 | ) |  | $ | 53,277 |
Obligations of states and political subdivisions |  |  | 240,179 |  |  |  | 17,086 |  |  |  | (550 | ) |  |  | 256,715 |
Mortgage-backed securities in government sponsored entities |  |  | 184,553 |  |  |  | 3,974 |  |  |  | (370 | ) |  |  | 188,157 |
Total debt securities |  | $ | 477,979 |  |  | $ | 21,246 |  |  | $ | (1,076 | ) |  | $ | 498,149 |
December 31, 2020 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 21,479 |  |  | $ | 220 |  |  | $ | (6 | ) |  | $ | 21,693 |
Obligations of states and political subdivisions |  |  | 208,013 |  |  |  | 21,000 |  |  |  | (1 | ) |  |  | 229,012 |
Mortgage-backed securities in government sponsored entities |  |  | 106,824 |  |  |  | 5,963 |  |  |  | (28 | ) |  |  | 112,759 |
Total debt securities |  | $ | 336,316 |  |  | $ | 27,183 |  |  | $ | (35 | ) |  | $ | 363,464 |
Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities at September 30, 2021, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.
Available for sale |  | Amortized Cost |  |  | Fair Value |
Due in one year or less |  | $ | 9,132 |  |  | $ | 9,172 |
Due after one year through five years |  |  | 31,533 |  |  |  | 31,732 |
Due after five years through ten years |  |  | 45,283 |  |  |  | 47,236 |
Due after ten years |  |  | 207,478 |  |  |  | 221,852 |
Mortgage-backed securities |  |  | 184,553 |  |  |  | 188,157 |
Total securities available for sale |  | $ | 477,979 |  |  | $ | 498,149 |
Proceeds from Sales of Securities Available for Sale, Gross Realized Gains and Losses | Proceeds from sales of securities available for sale, gross realized gains and gross realized losses were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Sale proceeds |  | $ | — |  |  | $ | 1,455 |  |  | $ | 1,785 |  |  | $ | 1,455 |
Gross realized gains |  |  | — |  |  |  | 94 |  |  |  | 1,785 |  |  |  | 94 |
Gross realized losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gains (losses) from securities called or settled by the issuer |  |  | 4 |  |  |  | (2 | ) |  |  | 2 |  |  |  | (2 | )
Securities with Unrealized Losses Not Recognized in Income | Securities with unrealized losses at September 30, 2021 and December 31, 2020 not recognized in income are set forth in the tables below, segregated by securities with maturities of 12 months or less and securities with maturities of more than 12 months:
September 30, 2021 |  | 12 Months or less |  |  | More than 12 months |  |  | Total |
Description of Securities |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 23,327 |  |  | $ | (119 | ) |  | $ | 2,048 |  |  | $ | (37 | ) |  | $ | 25,375 |  |  | $ | (156 | )
Obligations of states and political subdivisions |  |  | 36,646 |  |  |  | (550 | ) |  |  | — |  |  |  | — |  |  |  | 36,646 |  |  |  | (550 | )
Mortgage-backed securities in gov’t sponsored entities |  |  | 72,464 |  |  |  | (282 | ) |  |  | 3,521 |  |  |  | (88 | ) |  |  | 75,985 |  |  |  | (370 | )
Total temporarily impaired |  | $ | 132,437 |  |  | $ | (951 | ) |  | $ | 5,569 |  |  | $ | (125 | ) |  | $ | 138,006 |  |  | $ | (1,076 | )
December 31, 2020 |  | 12 Months or less |  |  | More than 12 months |  |  | Total |
Description of Securities |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 6,501 |  |  | $ | (5 | ) |  | $ | 126 |  |  | $ | (1 | ) |  | $ | 6,627 |  |  | $ | (6 | )
Obligations of states and political subdivisions |  |  | 1,874 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | 1,874 |  |  |  | (1 | )
Mortgage-backed securities in gov’t sponsored entities |  |  | 5,755 |  |  |  | (28 | ) |  |  | — |  |  |  | — |  |  |  | 5,755 |  |  |  | (28 | )
Total temporarily impaired |  | $ | 14,130 |  |  | $ | (34 | ) |  | $ | 126 |  |  | $ | (1 | ) |  | $ | 14,256 |  |  | $ | (35 | )
Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments | The following table presents the net gains and losses on equity investments recognized in earnings for the three- and nine-months ended September 30, 2021 and 2020, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2021 and 2020:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net gains (losses) recognized on equity securities during the period |  | $ | 50 |  |  | $ | 20 |  |  | $ | 191 |  |  | $ | (126 | )
Less: Net losses realized on the sale of equity securities during the period |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
Unrealized gains (losses) recognized on equity securities held at reporting date |  | $ | 50 |  |  | $ | 20 |  |  | $ | 191 |  |  | $ | (120 | )

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized and unrealized gain (loss) on investment in security. + References No definition available. + Details
Name: | us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration