XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2
Investments (Tables)
 6 Months Ended
Jun. 30, 2022
Schedule of Investments [Abstract]  
Schedule of Available-for-sale Securities

A summary of investment securities available-for-sale is as follows:

 

   As of June 30, 2022 
       Gross   Gross     
   Amortized   unrealized   unrealized   Estimated 
(Dollars in thousands)  cost   gains   losses   fair value 
                 
U. S. treasury securities  $141,227   $-   $(5,768)  $135,459 
U. S. federal agency obligations   15,072    -    (141)   14,931 
Municipal obligations, tax exempt   138,153    127    (3,286)   134,994 
Municipal obligations, taxable   52,569    18    (3,231)   49,356 
Agency mortgage-backed securities   163,660    31    (11,798)   151,893 
 Total available-for-sale  $510,681   $176   $(24,224)  $486,633 

 

    As of December 31, 2021
         Gross    Gross      
    Amortized    unrealized    unrealized    Estimated 
(Dollars in thousands)   cost    gains    losses    fair value 
                     
U. S. treasury securities  $43,098   $-   $(423)  $42,675 
U. S. federal agency obligations   17,165    67    (37)   17,195 
Municipal obligations, tax exempt   133,558    4,488    (62)   137,984 
Municipal obligations, taxable   39,011    1,171    (136)   40,046 
Agency mortgage-backed securities   142,747    1,339    (1,269)   142,817 
 Total available-for-sale  $375,579   $7,065   $(1,927)  $380,717 
Schedule of Available for Sale Securities Continuous Unrealized Loss Position Fair Value

       As of June 30, 2022 
(Dollars in thousands)      Less than 12 months   12 months or longer   Total 
   No. of   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
   securities   value   losses   value   losses   value   losses 
U.S. treasury securities   71   $131,024   $(5,564)  $4,435   $(204)  $135,459   $(5,768)
U.S. federal agency obligations   5    5,996    (17)   6,930    (124)   12,926    (141)
Municipal obligations, tax exempt   242    95,906    (3,177)   2,272    (109)   98,178    (3,286)
Municipal obligations, taxable   83    39,540    (2,867)   3,553    (364)   43,093    (3,231)
Agency mortgage-backed securities   93    133,056    (10,395)   13,830    (1,403)   146,886    (11,798)
Total   494   $405,522   $(22,020)  $31,020   $(2,204)  $436,542   $(24,224)

 

        As of December 31, 2021 
(Dollars in thousands)        Less than 12 months    12 months or longer    Total 
    No. of    Fair    Unrealized     Fair    Unrealized     Fair    Unrealized  
    securities    value    losses    value    losses    value    losses 
U.S. treasury securities   28   $42,675   $(423)  $-   $-   $42,675   $(423)
U.S. federal agency obligations   6    12,073    (30)   3,048    (7)   15,121    (37)
Municipal obligations, tax exempt   37    12,411    (46)   1,879    (16)   14,290    (62)
Municipal obligations, taxable   13    8,802    (136)   -    -    8,802    (136)
Agency mortgage-backed securities   28    95,028    (1,269)   -    -    95,028    (1,269)
Total   112    170,989    (1,904)   4,927    (23)   175,916    (1,927)
Schedule of Investments Classified by Contractual Maturity Date

(Dollars in thousands)  Amortized   Estimated 
   cost   fair value 
Due in less than one year  $24,994   $24,848 
Due after one year but within five years   342,614    326,409 
Due after five years but within ten years   99,159    93,743 
Due after ten years   43,914    41,633 
Total  $510,681   $486,633 
Schedule of Realized Gain (loss)

Sales proceeds and gross realized gains and losses on sales of available-for-sale securities were as follows for the periods indicated:

 

   2022   2021   2022   2021 
(Dollars in thousands) 

Three months ended

June 30,

  

Six months ended

June 30,

 
   2022   2021   2022   2021 
                 
Sales proceeds  $  -   $1,878   $  -   $15,224 
                     
Realized gains  $-   $33   $-   $1,108 
Realized losses   -    -    -    - 
Net realized gains  $-   $33   $-   $1,108