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v3.22.1

Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investment Available-For-Sale | The amortized cost and estimated fair values of investment securities are summarized below: Schedule of Investment Available-For-Sale AVAILABLE-FOR-SALE:
Investment Securities |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  |  |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | $ | 60,406 |  |  | $ | — |  |  | $ | 1,811 |  |  | $ | 58,595 |
Government Sponsored Enterprises |  |  | 2,499 |  |  |  | — |  |  |  | 182 |  |  |  | 2,317 |
Mortgage-backed securities |  |  | 391,271 |  |  |  | 217 |  |  |  | 13,140 |  |  |  | 378,348 |
Small Business Administration pools |  |  | 28,112 |  |  |  | 209 |  |  |  | 337 |  |  |  | 27,984 |
State and local government |  |  | 105,757 |  |  |  | 1,182 |  |  |  | 4,968 |  |  |  | 101,971 |
Corporate and other securities |  |  | 8,774 |  |  |  | 81 |  |  |  | 250 |  |  |  | 8,605 |
Total |  | $ | 596,819 |  |  | $ | 1,689 |  |  | $ | 20,688 |  |  | $ | 577,820 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  |  |
(Dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Fair Value |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | $ | 15,736 |  |  | $ | — |  |  | $ | 300 |  |  | $ | 15,436 |
Government Sponsored Enterprises |  |  | 2,499 |  |  |  | 2 |  |  |  | — |  |  |  | 2,501 |
Mortgage-backed securities |  |  | 398,125 |  |  |  | 3,596 |  |  |  | 3,992 |  |  |  | 397,729 |
Small Business Administration pools |  |  | 30,835 |  |  |  | 505 |  |  |  | 67 |  |  |  | 31,273 |
State and local government |  |  | 105,469 |  |  |  | 4,918 |  |  |  | 539 |  |  |  | 109,848 |
Corporate and other securities |  |  | 8,024 |  |  |  | 157 |  |  |  | 129 |  |  |  | 8,052 |
Total |  | $ | 560,688 |  |  | $ | 9,178 |  |  | $ | 5,027 |  |  | $ | 564,839 |
Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position | The following tables show gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position, at March 31, 2022 and December 31, 2021. Schedule of gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous loss position
Investment Securities (Details 2) |
(Dollars in thousands) |  | Less than 12 months |  |  | 12 months or more |  |  | Total |
March 31, 2022 |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Available-for-sale securities: |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
US Treasury Securities |  | $ | 53,261 |  |  | $ | 1,271 |  |  | $ | 5,334 |  |  | $ | 540 |  |  | $ | 58,595 |  |  | $ | 1,811 |
Government Sponsored Enterprise |  |  | 2,317 |  |  |  | 182 |  |  |  | — |  |  |  | — |  |  |  | 2,317 |  |  |  | 182 |
Mortgage-backed securities |  |  | 261,976 |  |  |  | 8,929 |  |  |  | 86,207 |  |  |  | 4,211 |  |  |  | 348,183 |  |  |  | 13,140 |
Small Business Administration pools |  |  | 12,529 |  |  |  | 295 |  |  |  | 2,642 |  |  |  | 42 |  |  |  | 15,171 |  |  |  | 337 |
State and local government |  |  | 59,077 |  |  |  | 4,392 |  |  |  | 2,961 |  |  |  | 576 |  |  |  | 62,038 |  |  |  | 4,968 |
Corporate and other securities |  |  | 4,507 |  |  |  | 250 |  |  |  | — |  |  |  | — |  |  |  | 4,507 |  |  |  | 250 |
Total |  | $ | 393,667 |  |  | $ | 15,319 |  |  | $ | 97,144 |  |  | $ | 5,369 |  |  | $ | 490,811 |  |  | $ | 20,688 |
(Dollars in thousands) |  | Less than 12 months |  |  | 12 months or more |  |  | Total |
December 31, 2021 |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Available-for-sale securities: |  | Value |  |  | Loss |  |  | Value |  |  | Loss |  |  | Value |  |  | Loss |
US Treasury Securities |  | $ | 14,479 |  |  | $ | 264 |  |  | $ | 958 |  |  | $ | 36 |  |  | $ | 15,437 |  |  | $ | 300 |
Mortgage-backed securities |  |  | 200,238 |  |  |  | 3,156 |  |  |  | 48,570 |  |  |  | 836 |  |  |  | 248,808 |  |  |  | 3,992 |
Small Business Administration pools |  |  | 7,232 |  |  |  | 67 |  |  |  | — |  |  |  | — |  |  |  | 7,232 |  |  |  | 67 |
State and local government |  |  | 21,261 |  |  |  | 539 |  |  |  | — |  |  |  | — |  |  |  | 21,261 |  |  |  | 539 |
Corporate and other securities |  |  | 3,621 |  |  |  | 129 |  |  |  | — |  |  |  | — |  |  |  | 3,621 |  |  |  | 129 |
Total |  | $ | 246,831 |  |  | $ | 4,155 |  |  | $ | 49,528 |  |  | $ | 872 |  |  | $ | 296,359 |  |  | $ | 5,027 |
Schedule of Amortized Cost and Fair Value of Investment Securities | The following sets forth the amortized cost and fair value of investment securities at March 31, 2022 by contractual maturity. Expected maturities differ from contractual maturities because borrowers may have the right to call or prepay the obligations with or without prepayment penalties. MBSs are based on average life at estimated prepayment speeds. Schedule of Amortized Cost and Fair Value of Investment Securities
Investment Securities (Details 3) |
|  | Available-for-sale |
March 31, 2022 |  | Amortized |  |  | Fair |
(Dollars in thousands) |  | Cost |  |  | Value |
Due in one year or less |  | $ | 20,273 |  |  | $ | 20,132 |
Due after one year through five years |  |  | 211,536 |  |  |  | 207,996 |
Due after five years through ten years |  |  | 285,494 |  |  |  | 272,064 |
Due after ten years |  |  | 79,516 |  |  |  | 77,658 |
Total |  | $ | 596,819 |  |  | $ | 577,820 |

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