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Investment Securities (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of Available For Sale, Held-to-Maturity, and Restricted Equity Securities | The following tables summarize the amortized cost and estimated fair value of investment securities at December 31, 2022 and 2021:
| Amortized |  | Unrealized |  | Unrealized |  | Fair Value
As of December 31, 2022 | Cost |  | Gains |  | Losses |  | (Estimated)
Securities available for sale |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 26,025,000 |  |  | $ | — |  |  | $ | (6,878,000) |  |  | $ | 19,147,000 |
Mortgage-backed securities | 271,068,000 |  | 55,000 |  | (42,447,000) |  | 228,676,000
State and political subdivisions | 40,472,000 |  |  | 2,000 |  |  | (7,283,000) |  |  | 33,191,000 |
Asset-backed securities | 3,548,000 |  |  | — |  |  | (53,000) |  |  | 3,495,000 |
| $ | 341,113,000 |  |  | $ | 57,000 |  |  | $ | (56,661,000) |  |  | $ | 284,509,000 |
Securities to be held to maturity |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 40,100,000 |  |  | $ | 4,000 |  |  | $ | (10,477,000) |  |  | $ | 29,627,000 |
Mortgage-backed securities | 60,497,000 |  |  | 42,000 |  |  | (11,392,000) |  |  | 49,147,000 |
State and political subdivisions | 258,549,000 |  |  | 154,000 |  |  | (30,733,000) |  |  | 227,970,000 |
Corporate securities | 34,750,000 |  |  | — |  |  | (2,483,000) |  |  | 32,267,000 |
| $ | 393,896,000 |  |  | $ | 200,000 |  |  | $ | (55,085,000) |  |  | $ | 339,011,000 |
Restricted equity securities |  |  |  |  |  |  |
Federal Home Loan Bank Stock | $ | 2,846,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,846,000 |
Federal Reserve Bank Stock | 1,037,000 |  |  | — |  |  | — |  |  | 1,037,000 |
| $ | 3,883,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,883,000 |
| Amortized |  | Unrealized |  | Unrealized |  | Fair Value
As of December 31, 2021 | Cost |  | Gains |  | Losses |  | (Estimated)
Securities available for sale |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 23,045,000 |  |  | $ | — |  |  | $ | (1,146,000) |  |  | $ | 21,899,000 |
Mortgage-backed securities | 256,992,000 |  | 1,803,000 |  | (3,895,000) |  |  | 254,900,000
State and political subdivisions | 38,127,000 |  |  | 1,083,000 |  |  | (88,000) |  |  | 39,122,000 |
Asset-backed securities | 4,577,000 |  |  | 68,000 |  |  | — |  |  | 4,645,000 |
| $ | 322,741,000 |  |  | $ | 2,954,000 |  |  | $ | (5,129,000) |  |  | $ | 320,566,000 |
Securities to be held to maturity |  |  |  |  |  |  |
U.S. Government-sponsored agencies | $ | 35,600,000 |  |  | $ | 2,000 |  |  | $ | (1,149,000) |  |  | $ | 34,453,000 |
Mortgage-backed securities | 60,646,000 |  |  | 261,000 |  |  | (1,795,000) |  |  | 59,112,000 |
State and political subdivisions | 250,544,000 |  |  | 7,925,000 |  |  | (302,000) |  |  | 258,167,000 |
Corporate securities | 23,250,000 |  |  | 411,000 |  |  | (66,000) |  |  | 23,595,000 |
| $ | 370,040,000 |  |  | $ | 8,599,000 |  |  | $ | (3,312,000) |  |  | $ | 375,327,000 |
Restricted equity securities |  |  |  |  |  |  |
Federal Home Loan Bank Stock | $ | 4,328,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,328,000 |
Federal Reserve Bank Stock | 1,037,000 |  |  | — |  |  | — |  |  | 1,037,000 |
| $ | 5,365,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,365,000 |
Schedule of Contractual Maturities of Investment Securities | The following table summarizes the contractual maturities of investment securities at December 31, 2022:
| Securities available for sale |  | Securities to be held to maturity
| Amortized Cost |  | Fair Value (Estimated) |  | Amortized Cost |  | Fair Value (Estimated)
Due in 1 year or less | $ | — |  |  | $ | — |  |  | $ | 1,787,000 |  |  | $ | 1,782,000 |
Due in 1 to 5 years | 3,609,000 |  |  | 3,409,000 |  |  | 14,998,000 |  |  | 14,480,000 |
Due in 5 to 10 years | 18,591,000 |  |  | 15,203,000 |  |  | 86,833,000 |  |  | 81,443,000 |
Due after 10 years | 318,913,000 |  |  | 265,897,000 |  |  | 290,278,000 |  |  | 241,306,000 |
| $ | 341,113,000 |  |  | $ | 284,509,000 |  |  | $ | 393,896,000 |  |  | $ | 339,011,000 |
The following table summarizes the contractual maturities of investment securities at December 31, 2021:
| Securities available for sale |  | Securities to be held to maturity
| Amortized Cost |  | Fair Value (Estimated) |  | Amortized Cost |  | Fair Value (Estimated)
Due in 1 year or less | $ | — |  |  | $ | — |  |  | $ | 2,515,000 |  |  | $ | 2,521,000 |
Due in 1 to 5 years | 5,004,000 |  |  | 5,173,000 |  |  | 17,624,000 |  |  | 18,338,000 |
Due in 5 to 10 years | 52,782,000 |  |  | 53,057,000 |  |  | 174,982,000 |  |  | 180,081,000 |
Due after 10 years | 264,955,000 |  |  | 262,336,000 |  |  | 174,919,000 |  |  | 174,387,000 |
| $ | 322,741,000 |  |  | $ | 320,566,000 |  |  | $ | 370,040,000 |  |  | $ | 375,327,000 |
Schedule of Securities Gains and Losses | The following table shows securities gains and losses for 2022, 2021 and 2020:
| 2022 |  | 2021 |  | 2020
Proceeds from sales of securities | $ | 1,301,000 |  |  | $ | 19,240,000 |  |  | $ | 112,179,000 |
Gross realized gains | 8,000 |  |  | 628,000 |  |  | 1,689,000 |
Gross realized losses | (1,000) |  |  | (605,000) |  |  | (534,000) |
Net gain | $ | 7,000 |  |  | $ | 23,000 |  |  | $ | 1,155,000 |
Related income taxes | $ | 1,000 |  |  | $ | 5,000 |  |  | $ | 243,000 |
Schedule of Temporary Impairment Losses | Information regarding securities temporarily impaired as of December 31, 2022 is summarized below:
| Less than 12 months |  | 12 months or more |  | Total
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
As of December 31, 2022 | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
U.S. Government-sponsored agencies | $ | 4,804,000 |  |  | $ | (675,000) |  |  | $ | 41,965,000 |  |  | $ | (16,680,000) |  |  | $ | 46,769,000 |  |  | $ | (17,355,000) |
Mortgage-backed securities | 73,509,000 |  |  | (6,486,000) |  |  | 197,102,000 |  |  | (47,353,000) |  |  | 270,611,000 |  |  | (53,839,000) |
State and political subdivisions | 149,517,000 |  |  | (13,769,000) |  |  | 67,932,000 |  |  | (24,247,000) |  |  | 217,449,000 |  |  | (38,016,000) |
Asset-backed securities | 3,495,000 |  |  | (53,000) |  |  | — |  |  | — |  |  | 3,495,000 |  |  | (53,000) |
Corporate securities | 19,857,000 |  |  | (2,143,000) |  |  | 3,160,000 |  |  | (340,000) |  |  | 23,017,000 |  |  | (2,483,000) |
| $ | 251,182,000 |  |  | $ | (23,126,000) |  |  | $ | 310,159,000 |  |  | $ | (88,620,000) |  |  | $ | 561,341,000 |  |  | $ | (111,746,000) |
As of December 31, 2021, there were 163 securities with unrealized losses held in the Company's portfolio. These securities were temporarily impaired as a result of changes in interest rates reducing their fair value, of which 27 had been temporarily impaired for 12 months or more. Information regarding securities temporarily impaired as of December 31, 2021 is summarized below:
| Less than 12 months |  | 12 months or more |  | Total
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized
As of December 31, 2021 | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses
U.S. Government-sponsored agencies | $ | 24,030,000 |  |  | $ | (920,000) |  |  | $ | 29,170,000 |  |  | $ | (1,375,000) |  |  | $ | 53,200,000 |  |  | $ | (2,295,000) |
Mortgage-backed securities | 216,461,000 |  |  | (4,768,000) |  |  | 26,772,000 |  |  | (922,000) |  |  | 243,233,000 |  |  | (5,690,000) |
State and political subdivisions | 29,528,000 |  |  | (390,000) |  |  | — |  |  | — |  |  | 29,528,000 |  |  | (390,000) |
Corporate securities | 3,434,000 |  |  | (66,000) |  |  | — |  |  | — |  |  | 3,434,000 |  |  | (66,000) |
| $ | 273,453,000 |  |  | $ | (6,144,000) |  |  | $ | 55,942,000 |  |  | $ | (2,297,000) |  |  | $ | 329,395,000 |  |  | $ | (8,441,000) |

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