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Securities (Tables)
6 Months Ended
Jun. 30, 2022
Securities  
Summary of available for sale debt securities

June 30, 2022

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. Treasury securities

$

58,138

$

$

(1,008)

$

57,130

U.S. government agencies and corporations

132,172

5

(8,667)

123,510

Mortgage-backed securities

 

210,572

 

2

 

(14,741)

 

195,833

Obligations of states and political subdivisions

 

104,883

 

192

 

(5,142)

 

99,933

Corporate and other debt securities

27,021

3

(1,446)

25,578

$

532,786

$

202

$

(31,004)

$

501,984

December 31, 2021

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

 

(Dollars in thousands)

Cost

Gains

Losses

Fair Value

 

U.S. government agencies and corporations

$

69,583

$

41

$

(1,339)

$

68,285

Mortgage-backed securities

 

189,985

 

1,565

 

(1,201)

 

190,349

Obligations of states and political subdivisions

 

91,304

 

1,642

 

(280)

 

92,666

Corporate and other debt securities

 

21,648

 

246

 

(121)

 

21,773

$

372,520

$

3,494

$

(2,941)

$

373,073

Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity

June 30, 2022

 

    

Amortized

    

 

(Dollars in thousands)

Cost

Fair Value

 

Due in one year or less

$

75,819

$

71,422

Due after one year through five years

 

340,198

 

325,018

Due after five years through ten years

 

109,284

 

98,793

Due after ten years

 

7,485

 

6,751

$

532,786

$

501,984

Schedule of gross realized gains and losses and the proceeds

Three Months Ended June 30, 

Six Months Ended June 30, 

(Dollars in thousands)

    

2022

    

2021

    

2022

2021

Realized gains from sales, maturities and calls of securities:

Gross realized gains

$

$

6

$

$

38

Gross realized losses

 

 

 

 

Net realized gains

$

$

6

$

$

38

Proceeds from sales, maturities, calls and paydowns of securities

$

16,352

$

21,784

$

30,981

$

55,496

Schedule of securities in an unrealized loss position

Securities in an unrealized loss position at June 30, 2022, by duration of the period of the unrealized loss, are shown below.

Less Than 12 Months

12 Months or More

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(Dollars in thousands)

Value

Loss

Value

Loss

   Value   

Loss

 

U.S. Treasury securities

$

57,130

$

1,008

$

$

$

57,130

$

1,008

U.S. government agencies and corporations

73,935

4,163

27,788

4,504

101,723

8,667

Mortgage-backed securities

 

168,330

12,040

 

25,895

 

2,701

 

194,225

 

14,741

Obligations of states and political subdivisions

 

67,489

 

4,424

 

6,653

 

718

 

74,142

 

5,142

Corporate and other debt securities

21,422

1,325

1,379

121

22,801

1,446

Total temporarily impaired securities

$

388,306

$

22,960

$

61,715

$

8,044

$

450,021

$

31,004

Securities in an unrealized loss position at December 31, 2021, by duration of the period of the unrealized loss, are shown below.

Less Than 12 Months

12 Months or More

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

(Dollars in thousands)

Value

Loss

Value

Loss

   Value   

Loss

 

U.S. government agencies and corporations

$

46,561

$

945

$

10,604

$

394

$

57,165

$

1,339

Mortgage-backed securities

126,873

 

1,127

 

5,178

 

74

 

132,051

 

1,201

Obligations of states and political subdivisions

16,578

224

2,703

56

19,281

280

Corporate and other debt securities

 

8,925

 

121

 

 

 

8,925

 

121

Total temporarily impaired securities

$

198,937

$

2,417

$

18,485

$

524

$

217,422

$

2,941