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Investments (Tables)
6 Months Ended
Jun. 30, 2023
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

June 30, 2023

cost

gains

losses

Value

U.S. Treasury

$

83,849

$

$

(11,157)

$

72,692

Municipal

161,978

(25,622)

136,356

Corporate

26,326

(3,496)

22,830

Agency mortgage & asset-backed

152,013

36

(12,164)

139,885

Non-Agency mortgage & asset-backed

72,591

7

(4,890)

67,708

Total

$

496,757

$

43

$

(57,329)

$

439,471

(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

31,288

27,477

Due after five years through ten years

123,670

106,461

Due after ten years

117,195

97,940

272,153

231,878

Mortgage & asset-backed

224,604

207,593

$

496,757

$

439,471

Composition Of Net Realized Securities Gains (Losses)

For the Three Months Ended

For the Six Months Ended

June 30,

June 30,

(Dollars in thousands)

2023

2022

2023

2022

Proceeds

$

7,262

$

82

$

40,117

$

82

Gross gains realized

$

$

$

12

$

Gross losses realized

(517)

(19)

(1,131)

(19)

Net (losses) gains realized

$

(517)

$

(19)

$

(1,119)

$

(19)

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

$

109

$

4

$

235

$

4

Schedule Of Unrealized Loss On Investments

June 30, 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

$

$

$

72,692 

$

(11,157)

28 

$

72,692 

$

(11,157)

28 

Municipal

842 

(161)

2 

135,515 

(25,461)

166 

136,357 

(25,622)

168 

Corporate

4,279 

(521)

11 

18,551 

(2,975)

40 

22,830 

(3,496)

51 

Agency mortgage & asset-backed

14,773 

(474)

48 

121,344 

(11,690)

205 

136,117 

(12,164)

253 

Non-Agency mortgage & asset-backed

26,547 

(1,307)

27 

39,473 

(3,583)

43 

66,020 

(4,890)

70 

Total temporarily impaired

$

46,441 

$

(2,463)

88 

$

387,575 

$

(54,866)

482 

$

434,016 

$

(57,329)

570 

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