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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Estimated Fair Value of Securities Available for Sale
Amortized cost and estimated fair value of securities available for sale as of December 31, 2024 and 2023 are as follows (in thousands):
 December 31, 2024
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
U.S. treasury notes and bonds$59,880 $— $2,974 $— $56,906 
Mortgage-backed securities, residential441,191 14 75,271 — 365,934 
Obligations of states and political subdivisions37,059 — 1,554 — 35,505 
Corporate bonds and notes25,750 — 3,734 — 22,016 
SBA loan pools53,391 35 2,345 — 51,081 
Total$617,271 $49 $85,878 $— $531,442 


 December 31, 2023
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
U.S. treasury notes and bonds$59,812 $— $4,480 $— $55,332 
Mortgage-backed securities, residential476,240 72,422 — 403,824 
Obligations of states and political subdivisions39,503 — 817 — 38,686 
Corporate bonds and notes25,750 — 5,081 — 20,669 
SBA loan pools67,787 75 2,380 — 65,482 
Total$669,092 $81 $85,180 $— $583,993 
Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale by Contractual Maturity Securities not due at a single maturity date are shown separately (in thousands):
 December 31, 2024
Amortized CostEstimated Fair Value
Within one year$4,633 $4,522 
After one, but within five years73,487 69,676 
After five, but within ten years43,336 39,075 
After ten years1,233 1,154 
Mortgage-backed securities, residential441,191 365,934 
SBA loan pools53,391 51,081 
Total$617,271 $531,442 
Amortized Cost and Estimated Fair Value of Securities Held to Maturity
Amortized cost and estimated fair value of securities held to maturity as of December 31, 2024 and 2023 are as follows (in thousands):
 December 31, 2024
 Amortized CostGross Unrecognized GainsGross Unrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$808 $— $— $— $808 

 December 31, 2023
 Amortized CostGross Unrecognized GainsGross Unrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$785 $— $— $— $785 
Contractual Maturities of Securities Held to Maturity
The contractual maturity of securities held to maturity was as follows as of December 31, 2024 (in thousands):
 December 31, 2024
Amortized
Cost
Fair
Value
Within one year$200 $200 
After one, but within five years48 48 
After five, but within ten years560 560 
After ten years— — 
Total$808 $808 
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables summarize the investment securities available for sale with unrealized losses, for which an allowance for credit losses has not been recorded as of December 31, 2024, and December 31, 2023 aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):
 Less than 12 months12 months or longerTotal
 Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
2024
U.S. treasury notes and bonds$— $— $56,906 $2,974 $56,906 $2,974 
Mortgage-backed securities, residential5,006 111 359,722 75,160 364,728 75,271 
Obligations of states and political subdivisions107 35,398 1,551 35,505 1,554 
Corporate bonds and notes1,921 79 20,095 3,655 22,016 3,734 
SBA loan pools564 46,018 2,344 46,582 2,345 
Total $7,598 $194 $518,139 $85,684 $525,737 $85,878 
 Less than 12 months12 months or longerTotal
 Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
2023
U.S. treasury notes and bonds$— $— $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 subdivisions17,891 241 20,686 576 38,577 817 
Corporate bonds and notes7,492 2,508 13,177 2,573 20,669 5,081 
SBA loan pools3,914 13 54,468 2,367 58,382 2,380 
Total $29,297 $2,762 $546,649 $82,418 $575,946 $85,180