SECURITIES (Tables)

3 Months Ended

Mar. 31, 2022

SECURITIES [Abstract]

Amortized Cost and Fair Value of Securities with Gross Unrealized Gains and Losses

The amortized cost and fair value of securities, with gross unrealized gains and losses, at the dates indicated follows (dollars in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
March 31, 2022
Available for sale:
U.S. government and agencies	$	—	$	—	$	—		$	—
State and municipal		263,318		223		(10,533	)		253,008
Mortgage-backed securities		422,603		106		(24,276	)		398,433
Collateralized mortgage obligations		103,976		1,043		—			105,019
Asset-backed and other amortizing securities		24,775		3		(243	)		24,535
Other securities		12,000		428		(19	)		12,409
	$	826,672	$	1,803	$	(35,071	)	$	793,404

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2021
Available for sale:
U.S. government and agencies	$	—	$	—	$	—		$	—
State and municipal		265,143		10,615		(86	)		275,672
Mortgage-backed securities		302,973		4,230		(4,114	)		303,089
Collateralized mortgage obligations		106,733		—		(413	)		106,320
Asset-backed and other amortizing securities		26,046		1,108		(218	)		26,936
Other securities		12,000		487		—			12,487
	$	712,895	$	16,440	$	(4,831	)	$	724,504

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at March 31, 2022 are presented below by contractual maturity (dollars in thousands). Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Other securities are shown separately since they are not due at a single maturity date.

	Available for Sale
	Amortized Cost		Fair Value
Within 1 year	$	954	$	962
After 1 year through 5 years		8,480		8,571
After 5 years through 10 years		22,185		22,574
After 10 years		243,699		233,310
Other		551,354		527,987
	$	826,672	$	793,404

Securities with Unrealized Losses Segregated by the Period in a Loss Position

The following table segregates securities with unrealized losses at the periods indicated, by the duration they have been in a loss position (dollars in thousands):

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
March 31, 2022
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		231,142		10,099		4,323		434		235,465		10,533
Mortgage-backed securities		318,090		14,524		74,294		9,752		392,384		24,276
Collateralized mortgage obligations		—		—		—		—		—		—
Asset-backed and other amortizing securities		22,964		243		—		—		22,964		243
Other securities		1,481		19		—		—		1,481		19
	$	573,677	$	24,885	$	78,617	$	10,186	$	652,294	$	35,071
December 31, 2021
U.S. government and agencies	$	—	$	—	$	—	$	—	$	—	$	—
State and municipal		21,255		86		—		—		21,255		86
Mortgage-backed securities		56,398		1,197		64,764		2,917		121,162		4,114
Collateralized mortgage obligations		106,320		413		—		—		106,320		413
Asset-backed and other amortizing securities		1,624		218		—		—		1,624		218
Other securities		—		—		—		—		—		—
	$	185,597	$	1,914	$	64,764	$	2,917	$	250,361	$	4,831