XML 38 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of 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:
June 30, 2024
(Dollars in thousands)Amortized CostUnrealized GainUnrealized LossFair Value
United States government agency securities$46,754 $12 $(5,732)$41,034 
United States sponsored mortgage-backed securities109,328 108 (11,529)97,907 
United States treasury securities106,248 — (4,921)101,327 
Municipal securities116,051 17 (12,290)103,778 
Corporate debt securities9,081 — (130)8,951 
Other debt securities7,500 — — 7,500 
Total available-for-sale debt securities394,962 137 (34,602)360,497 
Other securities757 — — 757 
Investment securities available-for-sale$395,719 $137 $(34,602)$361,254 
December 31, 2023
(Dollars in thousands)Amortized CostUnrealized GainUnrealized LossFair Value
United States government agency securities$44,003 $8 $(5,603)$38,408 
United States sponsored mortgage-backed securities91,939 992 (10,549)82,382 
United States treasury securities106,401 — (6,045)100,356 
Municipal securities118,065 — (11,158)106,907 
Corporate debt securities9,076 — (134)8,942 
Other debt securities7,500 — — 7,500 
Total available-for-sale debt securities376,984 1,000 (33,489)344,495 
Other securities780 — — 780 
Investment securities available-for-sale$377,764 $1,000 $(33,489)$345,275 

The following table presents amortized cost and fair values of available-for-sale debt securities by contractual maturity as of the period shown:
June 30, 2024
(Dollars in thousands)Amortized CostFair Value
Within one year$44,263 $42,832 
After one year, but within five years70,759 67,248 
After five years, but within ten years41,601 37,428 
After ten years238,339 212,989 
Total available-for-sale debt securities$394,962 $360,497 
Schedule of Investments in an Unrealized Loss Position
The following tables show available-for-sale debt securities in an unrealized loss position for which an ACL has not been recorded as of June 30, 2024 and December 31, 2023, aggregated by investment category and length of time that the individual securities have been in a continuous loss position:
June 30, 2024
(Dollars in thousands)Less than 12 months12 months or more
Description and number of positionsFair ValueUnrealized LossFair ValueUnrealized Loss
United States government agency securities (26)
$5,785 $(61)$33,806 $(5,671)
United States sponsored mortgage-backed securities (59)
37,985 (165)47,384 (11,364)
United States treasury securities (23)
— — 101,327 (4,921)
Municipal securities (204)
255 (11)85,594 (12,279)
Corporate debt securities (7)
497 (3)3,453 (127)
Total$44,522 $(240)$271,564 $(34,362)
December 31, 2023
(Dollars in thousands)Less than 12 months12 months or more
Description and number of positionsFair ValueUnrealized LossFair ValueUnrealized Loss
United States government agency securities (25)
$316 $— $34,619 $(5,603)
United States sponsored mortgage-backed securities (47)
— — 50,345 (10,549)
United States treasury securities (23)
— — 100,354 (6,045)
Municipal securities (216)
847 (10)106,060 (11,148)
Corporate debt securities (7)
2,009 (67)1,933 (67)
Total$3,172 $(77)$293,311 $(33,412)
Schedule of Realized Gain (Loss) on Investments
The following table summarizes investment sales, related gains and losses and unrealized holding losses for the periods shown:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in thousands)2024202320242023
Proceeds from sales of available-for-sale securities$— $— $24,327 $54,531 
Gains, gross— — 658 — 
Losses, gross— — — 1,536 
Proceeds from sales of equity securities$39 $206 $39 $206 
Gain, gross103 — 103 — 
Losses, gross— 294 — 294 
Unrealized holding gains (losses) on equity securities$14 $160 $(35)$(148)