XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.22.2.2

SECURITIES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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):
|  | September 30, 2022
|  | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Estimated Fair Value
U.S. Treasury notes and bonds |  | $ | 61,791 |  |  | $ | — |  |  | $ | 6,741 |  |  | $ | 55,050 |
Mortgage-backed securities, residential |  | 530,372 |  |  | — |  |  | 89,738 |  |  | 440,634 |
Obligations of states and political subdivisions |  | 39,916 |  |  | — |  |  | 3,036 |  |  | 36,880 |
Corporate bonds and notes |  | 25,750 |  |  | — |  |  | 1,513 |  |  | 24,237 |
SBA loan pools |  | 85,337 |  |  | 204 |  |  | 1,990 |  |  | 83,551 |
Total |  | $ | 743,166 |  |  | $ | 204 |  |  | $ | 103,018 |  |  | $ | 640,352 |
|  | 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):
|  | September 30, 2022
|  | Amortized Cost |  | Unrecognized Gains |  | Unrecognized Losses |  | Estimated Fair Value
Obligations of states and political subdivisions |  | $ | 1,981 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,981 |
Time deposits with other financial institutions |  | 1,229 |  |  | — |  |  | 5 |  |  | 1,224 |
Total |  | $ | 3,210 |  |  | $ | — |  |  | $ | 5 |  |  | $ | 3,205 |
|  | 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):
|  | September 30, 2022
|  | Available for Sale |  | Held to Maturity
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year |  | $ | 2,937 |  |  | $ | 2,862 |  |  | $ | 2,204 |  |  | $ | 2,199 |
After one, but within five years |  | 103,872 |  |  | 93,767 |  |  | 1,006 |  |  | 1,006 |
After five, but within ten years |  | 20,178 |  |  | 19,142 |  |  | — |  |  | — |
After ten years |  | 470 |  |  | 396 |  |  | — |  |  | — |
|  | 127,457 |  |  | 116,167 |  |  | 3,210 |  |  | 3,205 |
Mortgage-backed securities, residential |  | 530,372 |  |  | 440,634 |  |  | — |  |  | — |
SBA loan pools |  | 85,337 |  |  | 83,551 |  |  | — |  |  | — |
Total |  | $ | 743,166 |  |  | $ | 640,352 |  |  | $ | 3,210 |  |  | $ | 3,205 |
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value | The following tables summarize the investment securities available for sale with unrealized losses at September 30, 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
September 30, 2022 | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury notes and bonds | $ | 18,733 |  |  | $ | 2,155 |  |  | $ | 36,317 |  |  | $ | 4,586 |  |  | $ | 55,050 |  |  | $ | 6,741 |
Mortgage-backed securities, residential | 137,623 |  |  | 17,742 |  |  | 303,011 |  |  | 71,996 |  |  | 440,634 |  |  | 89,738 |
Obligations of states and political subdivisions | 36,685 |  |  | 3,036 |  |  | — |  |  | — |  |  | 36,685 |  |  | 3,036 |
Corporate bonds and notes | 9,615 |  |  | 1,135 |  |  | 4,621 |  |  | 378 |  |  | 14,236 |  |  | 1,513 |
SBA loan pools | 26,290 |  |  | 982 |  |  | 38,214 |  |  | 1,008 |  |  | 64,504 |  |  | 1,990 |
Total temporarily impaired securities | $ | 228,946 |  |  | $ | 25,050 |  |  | $ | 382,163 |  |  | $ | 77,968 |  |  | $ | 611,109 |  |  | $ | 103,018 |
| 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 |

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 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 https://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 https://asc.fasb.org/extlink&oid=126970911&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 https://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 information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269825-111563 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
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