XML 37 R30.htm IDEA: XBRL DOCUMENT v3.25.3
Securities (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

U.S. Treasury securities and obligations of U.S. government
   agencies

 

$

67,035

 

 

$

238

 

 

$

(1,527

)

 

$

65,746

 

Obligations of states and political subdivisions

 

 

346,530

 

 

 

547

 

 

 

(25,471

)

 

 

321,606

 

Mortgage-backed securities in government sponsored
   entities

 

 

292,048

 

 

 

436

 

 

 

(25,220

)

 

 

267,264

 

Total debt securities (1)

 

$

705,613

 

 

$

1,221

 

 

$

(52,218

)

 

$

654,616

 

 

 

December 31, 2024

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair Value

 

U.S. Treasury securities and obligations of U.S. government
   agencies

 

$

100,378

 

 

$

303

 

 

$

(3,294

)

 

$

97,387

 

Obligations of states and political subdivisions

 

 

351,635

 

 

 

482

 

 

 

(26,998

)

 

 

325,119

 

Mortgage-backed securities in government sponsored
   entities

 

 

258,045

 

 

 

97

 

 

 

(32,581

)

 

 

225,561

 

Total debt securities (1)

 

$

710,058

 

 

$

882

 

 

$

(62,873

)

 

$

648,067

 

 

(1) Excludes accrued interest receivable on securities of $3,755 and $4,351 at September 30, 2025 and December 31, 2024, respectively, that is recorded in Accrued interest receivable on the Consolidated Balance Sheets.
Fair Value of Debt Securities by Contractual Maturity

The amortized cost and fair value of debt securities at September 30, 2025, 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

 

$

30,107

 

 

$

29,753

 

Due after one year through five years

 

 

63,042

 

 

 

60,790

 

Due after five years through ten years

 

 

59,369

 

 

 

59,031

 

Due after ten years

 

 

261,047

 

 

 

237,778

 

Mortgage-backed securities

 

 

292,048

 

 

 

267,264

 

Total securities available-for-sale

 

$

705,613

 

 

$

654,616

 
Gross Unrealized Losses and Fair Value, Aggregated by Investment Category

The following tables show the fair value and gross unrealized losses, aggregated by investment category, and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2025 and December 31, 2024:

 

September 30, 2025

 

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

 

$

987

 

 

$

—

 

 

$

54,108

 

 

$

(1,527

)

 

$

55,095

 

 

$

(1,527

)

Obligations of states and political subdivisions

 

 

49,651

 

 

 

(514

)

 

 

187,277

 

 

 

(24,957

)

 

 

236,928

 

 

 

(25,471

)

Mortgage-backed securities in gov’t sponsored entities

 

 

37,617

 

 

 

(274

)

 

 

178,272

 

 

 

(24,946

)

 

 

215,889

 

 

 

(25,220

)

Total

 

$

88,255

 

 

$

(788

)

 

$

419,657

 

 

$

(51,430

)

 

$

507,912

 

 

$

(52,218

)

 

December 31, 2024

 

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

 

$

32,388

 

 

$

(51

)

 

$

55,000

 

 

$

(3,243

)

 

$

87,388

 

 

$

(3,294

)

Obligations of states and political subdivisions

 

 

98,965

 

 

 

(806

)

 

 

173,668

 

 

 

(26,192

)

 

 

272,633

 

 

 

(26,998

)

Mortgage-backed securities in gov’t sponsored entities

 

 

28,322

 

 

 

(329

)

 

 

186,173

 

 

 

(32,252

)

 

 

214,495

 

 

 

(32,581

)

Total

 

$

159,675

 

 

$

(1,186

)

 

$

414,841

 

 

$

(61,687

)

 

$

574,516

 

 

$

(62,873

)

 
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, 2025 and 2024, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2025 and 2024:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net gains (losses) recognized on equity
   securities during the period

 

$

255

 

 

$

223

 

 

$

152

 

 

$

156

 

Less: Net gains (losses) realized on the
   sale of equity securities during the
   period

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unrealized gains (losses) recognized on
   equity securities held at reporting date

 

$

255

 

 

$

223

 

 

$

152

 

 

$

156