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SECURITIES (Tables) | 6 Months Ended
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Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale | The following tables present amortized cost and estimated fair value of securities available for sale as of June 30, 2024 and December 31, 2023 (in thousands):
|  | June 30, 2024
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Estimated Fair Value
U.S. Treasury notes and bonds |  | $ | 59,845 |  |  | $ | — |  |  | $ | 4,371 |  |  | $ | — |  |  | $ | 55,474 |
Mortgage-backed securities, residential |  | 456,788 |  |  | 7 |  |  | 77,046 |  |  | — |  |  | 379,749 |
Obligations of states and political subdivisions |  | 38,063 |  |  | — |  |  | 2,283 |  |  | — |  |  | 35,780 |
Corporate bonds and notes |  | 25,750 |  |  | — |  |  | 4,342 |  |  | — |  |  | 21,408 |
SBA loan pools |  | 60,874 |  |  | 61 |  |  | 2,419 |  |  | — |  |  | 58,516 |
Total |  | $ | 641,320 |  |  | $ | 68 |  |  | $ | 90,461 |  |  | $ | — |  |  | $ | 550,927 |
|  | December 31, 2023
|  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Allowance for Credit Losses |  | Estimated Fair Value
U.S. Treasury notes and bonds |  | $ | 59,812 |  |  | $ | — |  |  | $ | 4,480 |  |  | $ | — |  |  | $ | 55,332 |
Mortgage-backed securities, residential |  | 476,240 |  |  | 6 |  |  | 72,422 |  |  | — |  |  | 403,824 |
Obligations of states and political subdivisions |  | 39,503 |  |  | — |  |  | 817 |  |  | — |  |  | 38,686 |
Corporate bonds and notes |  | 25,750 |  |  | — |  |  | 5,081 |  |  | — |  |  | 20,669 |
SBA loan pools |  | 67,787 |  |  | 75 |  |  | 2,380 |  |  | — |  |  | 65,482 |
Total |  | $ | 669,092 |  |  | $ | 81 |  |  | $ | 85,180 |  |  | $ | — |  |  | $ | 583,993 |
Schedule of Amortized Cost and Estimated Fair Value of Securities Held to Maturity | The following tables present amortized cost and estimated fair value of securities held to maturity as of June 30, 2024 and December 31, 2023 (in thousands):
|  | June 30, 2024
|  | Amortized Cost |  | Unrecognized Gains |  | Unrecognized Losses |  | Estimated Fair Value |  | Allowance for Credit Losses
Obligations of states and political subdivisions |  | $ | 657 |  |  | $ | — |  |  | $ | — |  |  | $ | 657 |  |  | $ | — |
|  | December 31, 2023
|  | Amortized Cost |  | Unrecognized Gains |  | Unrecognized Losses |  | Estimated Fair Value |  | Allowance for Credit Losses
Obligations of states and political subdivisions |  | $ | 785 |  |  | $ | — |  |  | $ | — |  |  | $ | 785 |  |  | $ | — |
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity | The amortized cost and estimated fair value of debt securities are shown below by expected maturity (in thousands). Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately.
|  | June 30, 2024
|  | Available for Sale |  | Held to Maturity
|  | Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Within one year |  | $ | 18,753 |  |  | $ | 17,863 |  |  | $ | — |  |  | $ | — |
After one, but within five years |  | 87,593 |  |  | 80,490 |  |  | 97 |  |  | 97 |
After five, but within ten years |  | 17,162 |  |  | 14,172 |  |  | 560 |  |  | 560 |
After ten years |  | 150 |  |  | 137 |  |  | — |  |  | — |
|  | 123,658 |  |  | 112,662 |  |  | 657 |  |  | 657 |
Mortgage-backed securities, residential |  | 456,788 |  |  | 379,749 |  |  | — |  |  | — |
SBA loan pools |  | 60,874 |  |  | 58,516 |  |  | — |  |  | — |
Total |  | $ | 641,320 |  |  | $ | 550,927 |  |  | $ | 657 |  |  | $ | 657 |
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value | The following tables summarize the investment securities available for sale with unrealized losses as of June 30, 2024 and December 31, 2023 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
June 30, 2024 |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury notes and bonds |  | $ | — |  |  | $ | — |  |  | $ | 55,474 |  |  | $ | 4,371 |  |  | $ | 55,474 |  |  | $ | 4,371 |
Mortgage-backed securities, residential |  | — |  |  | — |  |  | 378,735 |  |  | 77,046 |  |  | 378,735 |  |  | 77,046 |
Obligations of states and political subdivisions |  | 106 |  |  | 4 |  |  | 35,674 |  |  | 2,279 |  |  | 35,780 |  |  | 2,283 |
Corporate bonds and notes |  | 1,881 |  |  | 119 |  |  | 19,527 |  |  | 4,223 |  |  | 21,408 |  |  | 4,342 |
SBA loan pools |  | — |  |  | — |  |  | 52,872 |  |  | 2,419 |  |  | 52,872 |  |  | 2,419 |
Total temporarily impaired securities |  | $ | 1,987 |  |  | $ | 123 |  |  | $ | 542,282 |  |  | $ | 90,338 |  |  | $ | 544,269 |  |  | $ | 90,461 |
|  | Less than 12 months |  | 12 months or longer |  | Total
December 31, 2023 |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Treasury notes and bonds |  | $ | — |  |  | $ | — |  |  | $ | 55,332 |  |  | $ | 4,480 |  |  | $ | 55,332 |  |  | $ | 4,480 |
Mortgage-backed securities, residential |  | — |  |  | — |  |  | 402,986 |  |  | 72,422 |  |  | 402,986 |  |  | 72,422 |
Obligations of states and political subdivisions |  | 17,891 |  |  | 241 |  |  | 20,686 |  |  | 576 |  |  | 38,577 |  |  | 817 |
Corporate bonds and notes |  | 7,492 |  |  | 2,508 |  |  | 13,177 |  |  | 2,573 |  |  | 20,669 |  |  | 5,081 |
SBA loan pools |  | 3,914 |  |  | 13 |  |  | 54,468 |  |  | 2,367 |  |  | 58,382 |  |  | 2,380 |
Total temporarily impaired securities |  | $ | 29,297 |  |  | $ | 2,762 |  |  | $ | 546,649 |  |  | $ | 82,418 |  |  | $ | 575,946 |  |  | $ | 85,180 |

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