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Investments (Tables)
3 Months Ended
Mar. 31, 2023
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

March 31, 2023

cost

gains

losses

Value

U.S. Treasury

$

84,025

$

$

(9,762)

$

74,263

Municipal

170,095

(24,590)

145,505

Corporate

26,381

(2,382)

23,999

Agency mortgage & asset-backed

156,934

68

(10,910)

146,092

Non-Agency mortgage & asset-backed

72,601

28

(4,721)

67,908

Total

$

510,036

$

96

$

(52,365)

$

457,767

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

December 31, 2022

cost

gains

losses

value

U.S. Treasury

$

101,980

$

$

(11,723)

$

90,257

Municipal

186,007

14

(30,566)

155,455

Corporate

26,316

(2,077)

24,239

Agency mortgage & asset-backed

163,274

19

(12,358)

150,935

Non-Agency mortgage & asset-backed

70,756

1

(4,807)

65,950

Total

$

548,333

$

34

$

(61,531)

$

486,836

Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity

(Dollars in thousands)

Amortized
cost

Fair
value

Due in one year or less

$

$

Due after one year through five years

10,911

9,946

Due after five years through ten years

144,217

127,268

Due after ten years

125,373

106,553

280,501

243,767

Mortgage & asset-backed

229,535

214,000

$

510,036

$

457,767

Composition Of Net Realized Securities Gains (Losses)

For the Three Months Ended

March 31,

(Dollars in thousands)

2023

2022

Proceeds

$

32,855

$

Gross gains realized

12

Gross losses realized

(614)

Net (losses) gains realized

$

(602)

$

Tax benefit (provision) on net (losses) gains realized

$

126

$

Schedule Of Unrealized Loss On Investments

March 31, 2023

Less than 12 months

12 months or more

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

(Dollars in thousands)

Value

Losses

Count

Value

Losses

Count

Value

Losses

Count

U.S. Treasury

$

$

$

74,263 

$

(9,762)

28 

$

74,263 

$

(9,762)

28 

Municipal

1,332 

(171)

3 

144,173 

(24,419)

173 

145,505 

(24,590)

176 

Corporate

7,462 

(576)

17 

16,537 

(1,806)

34 

23,999 

(2,382)

51 

Agency mortgage & asset-backed

17,046 

(479)

58 

124,043 

(10,431)

192 

141,089 

(10,910)

250 

Non-Agency mortgage & asset-backed

27,105 

(1,416)

29 

36,632 

(3,305)

37 

63,737 

(4,721)

66 

Total temporarily impaired

$

52,945 

$

(2,642)

107 

$

395,648 

$

(49,723)

464 

$

448,593 

$

(52,365)

571 

December 31, 2022

Less than 12 months

12 months or more

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

(Dollars in thousands)

Value

Losses

Count

Value

Losses

Count

Value

Losses

Count

U.S. Treasury

$

17,598 

$

(183)

3 

$

72,659 

$

(11,540)

28 

$

90,257 

$

(11,723)

31 

Municipal

73,644 

(9,586)

90 

80,503 

(20,981)

104 

154,147 

(30,566)

194 

Corporate

12,221 

(851)

25 

10,368 

(1,226)

21 

22,589 

(2,077)

46 

Agency mortgage & asset-backed

55,393 

(2,747)

139 

88,953 

(9,611)

113 

144,346 

(12,358)

252 

Non-Agency mortgage & asset-backed

49,301 

(3,092)

52 

14,207 

(1,715)

16 

63,508 

(4,807)

68 

Total temporarily impaired

$

208,157 

$

(16,459)

309 

$

266,690 

$

(45,072)

282 

$

474,847 

$

(61,531)

591