SECURITIES (Tables)

9 Months Ended

Sep. 30, 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
September 30, 2022
Available for sale:
State and municipal	$	260,281	$	14	$	(40,142	)	$	220,153
Mortgage-backed securities		445,312		—		(71,340	)		373,972
Collateralized mortgage obligations		86,120		—		(310	)		85,810
Asset-backed and other amortizing securities		22,166		—		(2,066	)		20,100
Other securities		12,000		—		(623	)		11,377
	$	825,879	$	14	$	(114,481	)	$	711,412

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2021
Available for sale:
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 September 30, 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	$	1,901	$	1,906
After 1 year through 5 years		8,704		8,499
After 5 years through 10 years		19,532		18,582
After 10 years		242,144		202,543
Other		553,598		479,882
	$	825,879	$	711,412

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
September 30, 2022
State and municipal	$	206,001	$	37,371	$	11,222	$	2,771	$	217,223	$	40,142
Mortgage-backed securities		283,240		44,093		90,731		27,247		373,971		71,340
Collateralized mortgage obligations		85,810		310		—		—		85,810		310
Asset-backed and other amortizing securities		20,100		2,066		—		—		20,100		2,066
Other securities		11,378		623		—		—		11,378		623
	$	606,529	$	84,463	$	101,953	$	30,018	$	708,482	$	114,481
December 31, 2021
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