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SECURITIES (Tables)

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale

Amortized cost and estimated fair value of securities available for sale are as follows (in thousands):

						March 31, 2022
						Amortized Cost						Unrealized Gains						Unrealized Losses						Estimated Fair Value
U.S. Treasury notes and bonds						$	60,898					$	—					$	3,675					$	57,223
Mortgage-backed securities, residential						570,028						193						41,085						529,136
Obligations of states and political subdivisions						40,266						246						91						40,421
Corporate bonds and notes						25,750						56						492						25,314
SBA loan pools						94,899						279						929						94,249
Total						$	791,841					$	774					$	46,272					$	746,343

						December 31, 2021
						Amortized Cost						Unrealized Gains						Unrealized Losses						Estimated Fair Value
U.S. Treasury notes and bonds						$	61,084					$	27					$	680					$	60,431
Mortgage-backed securities, residential						582,060						4,032						8,731						577,361
Obligations of states and political subdivisions						40,299						2,004						—						42,303
Corporate bonds and notes						22,750						180						82						22,848
SBA loan pools						89,216						344						477						89,083
Total						$	795,409					$	6,587					$	9,970					$	792,026

Schedule of Amortized Cost and Estimated Fair Value of Securities Held to Maturity

Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands):

						March 31, 2022
						Amortized Cost						Unrecognized Gains						Unrecognized Losses						Estimated Fair Value
Obligations of states and political subdivisions						$	2,146					$	—					$	—					$	2,146
Time deposits with other financial institutions						1,430						—						—						1,430
Total						$	3,576					$	—					$	—					$	3,576

						December 31, 2021
						Amortized Cost						Unrecognized Gains						Unrecognized Losses						Estimated Fair Value
Obligations of states and political subdivisions						$	2,157					$	—					$	—					$	2,157
Time deposits with other financial institutions						1,633						6						—						1,639
Total						$	3,790					$	6					$	—					$	3,796

Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity

Securities not due at a single maturity date are shown separately (in thousands):

						March 31, 2022
						Available for Sale												Held to Maturity
						Amortized Cost						Fair Value						Amortized Cost						Fair Value
Within one year						$	1,303					$	1,300					$	2,457					$	2,457
After one, but within five years						100,517						96,884						319						319
After five, but within ten years						24,624						24,304						800						800
After ten years						470						470						—						—
						126,914						122,958						3,576						3,576
Mortgage-backed securities, residential						570,028						529,136						—						—
SBA loan pools						94,899						94,249						—						—
Total						$	791,841					$	746,343					$	3,576					$	3,576

Schedule of Investment Securities Available for Sale in an Unrealized Loss Position

The following tables summarize the investment securities available for sale with unrealized losses at March 31, 2022 and December 31, 2021 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands):

			Less than 12 months												12 months or longer												Total
March 31, 2022			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
U.S. Treasury notes and bonds			$	57,222					$	3,675					$	—					$	—					$	57,222					$	3,675
Mortgage-backed securities, residential			315,115						19,657						197,549						21,428						512,664						41,085
Obligations of states and political subdivisions			11,259						91						—						—						11,259						91
Corporate bonds and notes			11,268						481						1,989						11						13,257						492
SBA loan pools			44,665						686						25,071						243						69,736						929
Total temporarily impaired securities			$	439,529					$	24,590					$	224,609					$	21,682					$	664,138					$	46,272

			Less than 12 months												12 months or longer												Total
December 31, 2021			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
U.S. Treasury notes and bonds			$	49,084					$	680					$	—					$	—					$	49,084					$	680
Mortgage-backed securities, residential			293,720						4,502						122,050						4,229						415,770						8,731
Corporate bonds and notes			4,928						72						1,989						10						6,917						82
SBA loan pools			51,235						296						13,769						181						65,004						477
Total temporarily impaired securities			$	398,967					$	5,550					$	137,808					$	4,420					$	536,775					$	9,970

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- 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 http://asc.fasb.org/topic&trid=2196928

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=123581744&loc=SL120269825-111563

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For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

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