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Investments (Tables)
12 Months Ended
Dec. 31, 2024
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

December 31, 2024

cost

gains

losses

value

U.S. Treasury

$

36,192

$

$

(4,395)

$

31,797

Municipal

156,528

37

(22,973)

133,592

Corporate

26,356

1

(2,133)

24,224

Agency mortgage & asset-backed

180,423

178

(10,780)

169,821

Non-Agency mortgage & asset-backed

154,554

45

(5,429)

149,170

Total

$

554,053

$

261

$

(45,710)

$

508,604

(Dollars in thousands)

Gross

Gross

Amortized

unrealized

unrealized

Fair

December 31, 2023

cost

gains

losses

value

U.S. Treasury

$

83,494

$

$

(9,403)

$

74,091

Municipal

161,339

(22,721)

138,618

Corporate

26,336

(3,138)

23,198

Agency mortgage & asset-backed

142,565

90

(10,064)

132,591

Non-Agency mortgage & asset-backed

108,185

48

(4,228)

104,005

Total

$

521,919

$

138

$

(49,554)

$

472,503

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

42,038

38,015

Due after five years through ten years

87,395

75,855

Due after ten years

89,643

75,743

219,076

189,613

Mortgage-backed and asset-backed

334,977

318,991

Total

$

554,053

$

508,604

Composition Of Net Realized Securities Gains (Losses)

(Dollars in thousands)

2024

2023

Proceeds

$

42,413

$

40,113

Gross gains realized

12

Gross losses realized

(4,267)

(1,131)

Net (losses)/gains realized

$

(4,267)

$

(1,119)

Tax benefit on net losses realized

$

896

$

235

Schedule Of Unrealized Loss On Investments

December 31, 2024

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

$

$

$

31,797 

$

(4,395)

13 

$

31,797 

$

(4,395)

13 

Municipal

132,550 

(22,973)

164 

132,550 

(22,973)

164 

Corporate

23,237 

(2,133)

50 

23,237 

(2,133)

50 

Agency mortgage & asset-backed

55,121 

(2,251)

18 

101,171 

(8,529)

217 

156,292 

(10,780)

235 

Non-Agency mortgage & asset-backed

79,422 

(2,974)

26 

53,615 

(2,455)

50 

133,037 

(5,429)

76 

Total temporarily impaired

$

134,543 

$

(5,225)

44 

$

342,370 

$

(40,485)

494 

$

476,913 

$

(45,710)

538 

December 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

$

$

$

74,091 

$

(9,403)

28 

$

74,091 

$

(9,403)

28 

Municipal

138,618 

(22,721)

168 

138,618 

(22,721)

168 

Corporate

1,483 

(167)

5 

21,715 

(2,971)

46 

23,198 

(3,138)

51 

Agency mortgage & asset-backed

6,227 

(186)

19 

118,053 

(9,878)

223 

124,280 

(10,064)

242 

Non-Agency mortgage & asset-backed

47,928 

(560)

19 

50,071 

(3,668)

56 

97,999 

(4,228)

75 

Total temporarily impaired

$

55,638 

$

(913)

43 

$

402,548 

$

(48,641)

521 

$

458,186 

$

(49,554)

564