XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Investment Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Amortized Cost and Fair Values of Investment Securities Available-for-sale | The following tables present amortized cost and fair values of investment securities available-for-sale as of the periods shown:
|  | September 30, 2022
(Dollars in thousands) |  | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Fair Value
United States government agency securities |  | $ | 52,276 |  |  | $ | 20 |  |  | $ | (6,148) |  |  | $ | 46,148 |
United States sponsored mortgage-backed securities |  | 69,708 |  |  | — |  |  | (11,879) |  |  | 57,829 |
United States treasury securities |  | 121,479 |  |  | — |  |  | (10,447) |  |  | 111,032 |
Municipal securities |  | 156,765 |  |  | 2,860 |  |  | (23,867) |  |  | 135,758 |
Corporate debt securities |  | 7,654 |  |  | — |  |  | (14) |  |  | 7,640 |
Other debt securities |  | 7,500 |  |  | — |  |  | — |  |  | 7,500 |
Total debt securities |  | 415,382 |  |  | 2,880 |  |  | (52,355) |  |  | 365,907 |
Other securities |  | 835 |  |  | — |  |  | — |  |  | 835 |
Total investment securities available-for-sale |  | $ | 416,217 |  |  | $ | 2,880 |  |  | $ | (52,355) |  |  | $ | 366,742 |
|  | December 31, 2021
(Dollars in thousands) |  | Amortized Cost |  | Unrealized Gain |  | Unrealized Loss |  | Fair Value
United States government agency securities |  | $ | 41,105 |  |  | $ | 228 |  |  | $ | (896) |  |  | $ | 40,437 |
United States sponsored mortgage-backed securities |  | 77,519 |  |  | 222 |  |  | (1,633) |  |  | 76,108 |
United States treasury securities |  | 112,133 |  |  | — |  |  | (1,744) |  |  | 110,389 |
Municipal securities |  | 171,044 |  |  | 4,334 |  |  | (366) |  |  | 175,012 |
Corporate debt securities |  | 11,093 |  |  | 49 |  |  | — |  |  | 11,142 |
Other debt securities |  | 7,500 |  |  | — |  |  | — |  |  | 7,500 |
Total debt securities |  | 420,394 |  |  | 4,833 |  |  | (4,639) |  |  | 420,588 |
Other securities |  | 878 |  |  | — |  |  | — |  |  | 878 |
Total investment securities available-for-sale |  | $ | 421,272 |  |  | $ | 4,833 |  |  | $ | (4,639) |  |  | $ | 421,466 |
The following table presents amortized cost and fair values of available-for-sale debt securities by contractual maturity as of the period shown:
|  | September 30, 2022
(Dollars in thousands) |  | Amortized Cost |  | Fair Value
Within one year |  | $ | — |  |  | $ | — |
After one year, but within five years |  | 133,910 |  |  | 123,295 |
After five years, but within ten years |  | 40,660 |  |  | 36,742 |
After ten years |  | 240,812 |  |  | 205,870 |
Total |  | $ | 415,382 |  |  | $ | 365,907 |
Investments in an Unrealized Loss Position | The following tables disclose the length of time that investments have remained in an unrealized loss position at September 30, 2022 and December 31, 2021:
|  | September 30, 2022
(Dollars in thousands) |  | Less than 12 months |  | 12 months or more
Description and number of positions |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
United States government agency securities (31) |  | $ | 22,001 |  |  | $ | (1,818) |  |  | $ | 19,638 |  |  | $ | (4,330) |
United States sponsored mortgage-backed securities (51) |  | 15,078 |  |  | (2,437) |  |  | 42,750 |  |  | (9,442) |
United States treasury securities (28) |  | 9,507 |  |  | (95) |  |  | 101,525 |  |  | (10,352) |
Municipal securities (214) |  | 86,671 |  |  | (18,089) |  |  | 23,978 |  |  | (5,778) |
Corporate debt securities (3) |  | 2,386 |  |  | (14) |  |  | — |  |  | — |
Total |  | $ | 135,643 |  |  | $ | (22,453) |  |  | $ | 187,891 |  |  | $ | (29,902) |
|  | December 31, 2021
(Dollars in thousands) |  | Less than 12 months |  | 12 months or more
Description and number of positions |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
United States government agency securities (21) |  | $ | 5,101 |  |  | $ | (77) |  |  | $ | 21,770 |  |  | $ | (819) |
United States sponsored mortgage-backed securities (30) |  | 55,354 |  |  | (1,346) |  |  | 7,845 |  |  | (287) |
United States treasury securities (24) |  | 110,389 |  |  | (1,744) |  |  | — |  |  | — |
Municipal securities (53) |  | 32,221 |  |  | (270) |  |  | 7,001 |  |  | (96) |
Total |  | $ | 203,065 |  |  | $ | (3,437) |  |  | $ | 36,616 |  |  | $ | (1,202) |
Realized Gain (Loss) on Investments | The following table summarizes investment sales, related gains and losses and unrealized holding gains for the periods shown:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(Dollars in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Proceeds from sales of available-for-sale securities |  | $ | — |  |  | $ | 28,049 |  |  | $ | 60,635 |  |  | $ | 103,365 |
Gains, gross |  | — |  |  | 547 |  |  | 717 |  |  | 3,411 |
Losses, gross |  | — |  |  | 18 |  |  | 67 |  |  | 31 |
Proceeds from sales of equity securities |  | $ | 161 |  |  | $ | — |  |  | $ | 1,261 |  |  | $ | 61 |
Gain, gross |  | 58 |  |  | — |  |  | 158 |  |  | 5 |
Losses, gross |  | 214 |  |  | — |  |  | 214 |  |  | — |
Unrealized holding gains (losses) on equity securities |  | (61) |  |  | 536 |  |  | (146) |  |  | 1,750 |

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 https://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 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 realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration