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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

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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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