Investment Securities (Tables)

6 Months Ended

Jun. 30, 2024

Investment Securities

Investment securities available for sale

(Dollars in thousands)
	June 30, 2024
	Amortized Cost		Gross  Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasuries	$	7,978		-		872		7,106
U.S. Government sponsored enterprises		10,163		-		590		9,573
GSE - Mortgage-backed securities		257,268		176		23,296		234,148
Private label mortgage-backed securities		39,971		11		1,854		38,128
State and political subdivisions		129,796		-		25,491		104,305
Total	$	445,176		187		52,103		393,260

(Dollars in thousands)
	December 31, 2023
	Amortized  Cost		Gross Unrealized Gains		Gross  Unrealized Losses		Fair Value
U.S. Treasuries	$	10,974		-		830		10,144
U.S. Government sponsored enterprises		11,111		-		596		10,515
GSE - Mortgage-backed securities		257,705		185		22,988		234,902
Private label mortgage-backed securities		33,317		16		2,063		31,270
State and political subdivisions		129,922		-		24,829		105,093
Total	$	443,029		201		51,306		391,924

current fair value and associated unrealized losses on investments in debt securities with unrealized losses

(Dollars in thousands)
	June 30, 2024
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasuries	$	-		-		7,106		872		7,106		872
U.S. government sponsored enterprises		-		-		9,573		590		9,573		590
GSE -Mortgage-backed securities		10,239		144		210,829		23,152		221,068		23,296
Private label mortgage-backed securities		6,884		46		25,467		1,808		32,351		1,854
State and political subdivisions		-		-		104,305		25,491		104,305		25,491
Total	$	17,123		190		357,280		51,913		374,403		52,103

(Dollars in thousands)
	December 31, 2023
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Treasuries	$	-		-		10,144		830		10,144		830
U.S. government sponsored enterprises		-		-		10,515		596		10,515		596
GSE -Mortgage-backed securities		24,167		546		203,234		22,442		227,401		22,988
Private label mortgage-backed securities		3,416		43		23,095		2,020		26,511		2,063
State and political subdivisions		-		-		105,093		24,829		105,093		24,829
Total	$	27,583		589		352,081		50,717		379,664		51,306

Amortized cost and estimated fair value of investment securities available for sale by contractual maturity

June 30, 2024
(Dollars in thousands)
	Amortized Cost		Fair Value
Due within one year	$	2,997		2,951
Due from one to five years		17,620		15,955
Due from five to ten years		59,340		49,675
Due after ten years		107,951		90,531
Mortgage-backed securities		257,268		234,148
Total	$	445,176		393,260