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Securities (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Available for Sale Securities | The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized were as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
2022 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 66,495 |  |  | $ | 20 |  |  | $ | (5,486 | ) |  | $ | 61,029 |
Obligations of states and political subdivisions |  |  | 350,104 |  |  |  | 784 |  |  |  | (33,640 | ) |  |  | 317,248 |
Mortgage-back securities in government sponsored entities |  |  | 265,752 |  |  |  | 15 |  |  |  | (28,642 | ) |  |  | 237,125 |
Total debt securities |  | $ | 682,351 |  |  | $ | 819 |  |  | $ | (67,768 | ) |  | $ | 615,402 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
2021 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. government agencies |  | $ | 48,390 |  |  | $ | 30 |  |  | $ | (530 | ) |  | $ | 47,890 |
Obligations of states and political subdivisions |  |  | 281,247 |  |  |  | 17,696 |  |  |  | (107 | ) |  |  | 298,836 |
Mortgage-back securities in government sponsored entities |  |  | 211,660 |  |  |  | 2,938 |  |  |  | (1,450 | ) |  |  | 213,148 |
Total debt securities |  | $ | 541,297 |  |  | $ | 20,664 |  |  | $ | (2,087 | ) |  | $ | 559,874 |
Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities at year end 2022 by contractual maturity were as follows. 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 |  | $ | 5,990 |  |  | $ | 5,796 |
Due from one to five years |  |  | 44,482 |  |  |  | 41,304 |
Due from five to ten years |  |  | 70,413 |  |  |  | 64,687 |
Due after ten years |  |  | 295,714 |  |  |  | 266,490 |
Mortgage-backed securities in government sponsored entities |  |  | 265,752 |  |  |  | 237,125 |
Total securities available for sale |  | $ | 682,351 |  |  | $ | 615,402 |
Proceeds from Sales of Securities, Gross Realized Gains and Losses | Proceeds from sales of securities, gross realized gains and gross realized losses were as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
Sale proceeds |  | $ | 57,332 |  |  | $ | 1,810 |  |  | $ | 1,455 |
Gross realized gains |  |  | — |  |  |  | 1,785 |  |  |  | 94 |
Gross realized losses |  |  | — |  |  |  | — |  |  |  | — |
Gains from securities called or settled by the issuer |  |  | 10 |  |  |  | 1 |  |  |  | — |
Securities with Unrealized Losses Not Recognized in Income | Debt securities with unrealized losses at year end 2022 and 2021 not recognized in income were as follows:
2022 |  | 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 |  | $ | 21,042 |  |  | $ | (880 | ) |  | $ | 39,567 |  |  | $ | (4,606 | ) |  | $ | 60,609 |  |  | $ | (5,486 | )
Obligations of states and political subdivisions |  |  | 169,594 |  |  |  | (13,016 | ) |  |  | 73,967 |  |  |  | (20,624 | ) |  |  | 243,561 |  |  |  | (33,640 | )
Mortgage-backed securities in gov’t sponsored entities |  |  | 111,639 |  |  |  | (4,713 | ) |  |  | 124,622 |  |  |  | (23,929 | ) |  |  | 236,261 |  |  |  | (28,642 | )
Total temporarily impaired |  | $ | 302,275 |  |  | $ | (18,609 | ) |  | $ | 238,156 |  |  | $ | (49,159 | ) |  | $ | 540,431 |  |  | $ | (67,768 | )
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 |  | $ | 41,432 |  |  | $ | (473 | ) |  | $ | 2,014 |  |  | $ | (57 | ) |  | $ | 43,446 |  |  | $ | (530 | )
Obligations of states and political subdivisions |  |  | 25,797 |  |  |  | (107 | ) |  |  | — |  |  |  | — |  |  |  | 25,797 |  |  |  | (107 | )
Mortgage-backed securities in gov’t sponsored entities |  |  | 141,327 |  |  |  | (1,343 | ) |  |  | 3,123 |  |  |  | (107 | ) |  |  | 144,450 |  |  |  | (1,450 | )
Total temporarily impaired |  | $ | 208,556 |  |  | $ | (1,923 | ) |  | $ | 5,137 |  |  | $ | (164 | ) |  | $ | 213,693 |  |  | $ | (2,087 | )
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 at year-end 2022 and 2021, and the portion of unrealized gains and losses for the period that relates to equity investments held at year-end 2022 and 2021:
|  | 2022 |  |  | 2021 |
Net gains (losses) recognized on equity securities during the year |  | $ | 118 |  |  | $ | 186 |
Less: Net gains realized on the sale of equity securities during the period |  |  | — |  |  |  | — |
Unrealized gains (losses) recognized in equity securities held at December 31 |  | $ | 118 |  |  | $ | 186 |

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