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Securities | 3 Months Ended
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Mar. 31, 2023
Investments debt and equity securities [Abstract] |
Investments In Debt And Marketable Equity Securities And Certain Trading Assets Disclosure Text Block | NOTE 4: SECURITIES At March 31, 2023 and December 31, 2022, respectively, all securities within the scope of ASC 320, Investments – Debt and Equity Securities, were classified as available-for-sale. The fair value and amortized cost for securities available-for- sale by contractual maturity at March 31, 2023 and December 31, 2022, respectively, are presented below. 1 year 1 to 5 5 to 10 After 10 Fair Gross Unrealized Amortized (Dollars in thousands) or less years years years Value Gains Losses Cost March 31, 2023 Agency obligations (a) $ 5,300 59,997 61,883 — 127,180 — 13,574 $ 140,754 Agency MBS (a) — 6,984 27,601 181,114 215,699 — 29,522 245,221 State and political subdivisions 300 1,032 15,581 45,900 62,813 49 4,300 67,064 Total available-for-sale $ 5,600 68,013 105,065 227,014 405,692 49 47,396 $ 453,039 December 31, 2022 Agency obligations (a) $ 4,935 50,746 69,936 — 125,617 — 15,826 $ 141,443 Agency MBS (a) — 7,130 27,153 183,877 218,160 — 33,146 251,306 State and political subdivisions 300 642 15,130 45,455 61,527 11 5,681 67,197 Total available-for-sale $ 5,235 58,518 112,219 229,332 405,304 11 54,653 $ 459,946 (a) Includes securities issued by U.S. government agencies or government-sponsored entities. Securities with aggregate fair values of $ 207.6 million and $ 208.3 million at March 31, 2023 and December 31, 2022, respectively, were pledged to secure public deposits, securities sold under agreements to repurchase, Federal Home Loan Bank of Atlanta (“FHLB of Atlanta”) advances, and for other purposes required or permitted by law. Included in other assets on the accompanying consolidated balance sheets are non-marketable equity investments. The carrying amounts of non-marketable equity investments were $ 1.2 million at March 31, 2023 and December 31, 2022, respectively. Non-marketable equity investments include FHLB of Atlanta Stock, Federal Reserve Bank of Atlanta (“FRB”) stock, and stock in a privately held financial institution. Gross Unrealized Losses and Fair Value The fair values and gross unrealized losses on securities at March 31, 2023 and December 31, 2022, respectively, segregated by those securities that have been in an unrealized loss position for less than 12 months and 12 months or longer, are presented below. Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Losses Value Losses Value Losses March 31, 2023: Agency obligations $ 18,263 950 108,917 12,624 $ 127,180 13,574 Agency MBS 23,127 1,047 192,572 28,475 215,699 29,522 State and political subdivisions 19,186 278 35,741 4,022 54,927 4,300 Total $ 60,576 2,275 337,230 45,121 $ 397,806 47,396 December 31, 2022: Agency obligations $ 55,931 4,161 69,686 11,665 $ 125,617 15,826 Agency MBS 70,293 5,842 147,867 27,304 218,160 33,146 State and political subdivisions 44,777 2,176 13,043 3,505 57,820 5,681 Total $ 171,001 12,179 230,596 42,474 $ 401,597 54,653 For the securities in the previous table, the Company assesses whether or not it intends to sell or is more likely than not that the Company will be required to sell the securities before recovery of the amortized cost basis, which may be maturity. Because the Company currently does not intend to sell those securities that have an unrealized loss at March 31, 2023 and it is not more-likely-than-not that the Company will be required to sell the security before recovery of their amortized cost bases, which may be maturity, the Company has determined that no credit loss is necessary. In addition, the Company evaluates whether any portion of the decline in fair value of available-for-sale securities is the result of credit deterioration, which would require the recognition of a provision to increase the allowance for credit losses. Such evaluations consider the extent to which the amortized cost of the security exceeds its fair value, changes in credit ratings and any other known adverse conditions related to the specific security. The unrealized losses associated with available-for-sale securities at March 31, 2023 are driven by changes in market interest rates and are not due to the credit quality of the securities, and accordingly, no allowance for credit losses is considered necessary related to available-for-sale securities at March 31, 2023. These securities will continue to be monitored as a part of the Company's ongoing evaluation of credit quality. Management evaluates the financial performance of the issuers on a quarterly basis to determine if it is probable that the issuers can make all contractual principal and interest payments. Realized Gains and Losses The Company had no realized gains and losses on sale of securities during the quarters ended March 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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