XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

AFS Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract] |
Amortized cost and fair value of available-for-sale securities | The amortized cost and fair value of AFS securities, with gross unrealized gains and losses, are as follows at:
| September 30, 2021
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
U.S. Treasury | $ | 192,556 |  |  | $ | 36 |  |  | $ | 523 |  |  | $ | 192,069 |
States and political subdivisions | 124,122 |  |  | 4,665 |  |  | 98 |  |  | 128,689 |
Auction rate money market preferred | 3,200 |  |  | 46 |  |  | — |  |  | 3,246 |
Mortgage-backed securities | 59,966 |  |  | 2,064 |  |  | — |  |  | 62,030 |
Collateralized mortgage obligations | 97,875 |  |  | 2,892 |  |  | — |  |  | 100,767 |
Corporate | 7,650 |  |  | 14 |  |  | 81 |  |  | 7,583 |
Total | $ | 485,369 |  |  | $ | 9,717 |  |  | $ | 702 |  |  | $ | 494,384 |
| December 31, 2020
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
States and political subdivisions | $ | 137,710 |  |  | $ | 5,946 |  |  | $ | — |  |  | $ | 143,656 |
Auction rate money market preferred | 3,200 |  |  | 37 |  |  | — |  |  | 3,237 |
Mortgage-backed securities | 85,926 |  |  | 2,726 |  |  | — |  |  | 88,652 |
Collateralized mortgage obligations | 97,430 |  |  | 4,553 |  |  | — |  |  | 101,983 |
Corporate | 1,700 |  |  | — |  |  | — |  |  | 1,700 |
Total | $ | 325,966 |  |  | $ | 13,262 |  |  | $ | — |  |  | $ | 339,228 |
Amortized cost and fair value of available-for-sale securities by contractual maturity | The amortized cost and fair value of AFS securities by contractual maturity at September 30, 2021 are as follows:
| Maturing |  | Securities with Variable Monthly Payments or Noncontractual Maturities |  |
| Due in One Year or Less |  | After One Year But Within Five Years |  | After Five Years But Within Ten Years |  | After Ten Years |  |  | Total
U.S. Treasury | $ | — |  |  | $ | 162,175 |  |  | $ | 30,381 |  |  | $ | — |  |  | $ | — |  |  | $ | 192,556 |
States and political subdivisions | 15,042 |  |  | 60,038 |  |  | 21,498 |  |  | 27,544 |  |  | — |  |  | 124,122 |
Auction rate money market preferred | — |  |  | — |  |  | — |  |  | — |  |  | 3,200 |  |  | 3,200 |
Mortgage-backed securities | — |  |  | — |  |  | — |  |  | — |  |  | 59,966 |  |  | 59,966 |
Collateralized mortgage obligations | — |  |  | — |  |  | — |  |  | — |  |  | 97,875 |  |  | 97,875 |
Corporate | — |  |  | — |  |  | 6,150 |  |  | 1,500 |  |  | — |  |  | 7,650 |
Total amortized cost | $ | 15,042 |  |  | $ | 222,213 |  |  | $ | 58,029 |  |  | $ | 29,044 |  |  | $ | 161,041 |  |  | $ | 485,369 |
Fair value | $ | 15,154 |  |  | $ | 224,172 |  |  | $ | 58,858 |  |  | $ | 30,157 |  |  | $ | 166,043 |  |  | $ | 494,384 |
Schedule of Realized Gain (Loss) [Table Text Block] | A summary of the sales activity of AFS securities was as follows for the:
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2021 |  | 2020 |  | 2021 |  | 2020
Proceeds from sales of AFS securities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 26,855 |
Realized gains (losses) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 71 |
Applicable income tax expense (benefit) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 15 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value | The following information pertains to AFS securities with gross unrealized losses at September 30, 2021, aggregated by investment category and length of time that individual securities have been in a continuous loss position. There were no AFS securities with gross unrealized losses in a continuous loss position at December 31, 2020.
| September 30, 2021
| Less Than Twelve Months |  | Twelve Months or More |  |
| Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Total Unrealized Losses
U.S. Treasury | $ | 523 |  |  | $ | 161,652 |  |  | $ | — |  |  | $ | — |  |  | $ | 523 |
States and political subdivisions | 98 |  |  | 14,939 |  |  | — |  |  | — |  |  | 98 |
Corporate | 81 |  |  | 4,369 |  |  | — |  |  | — |  |  | 81 |
Total | $ | 702 |  |  | $ | 180,960 |  |  | $ | — |  |  | $ | — |  |  | $ | 702 |
Number of securities in an unrealized loss position: |  |  | 37 |  |  |  |  | — |  |  | 37 |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
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 the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27357-111563 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration