SECURITIES (Tables)

6 Months Ended

Jun. 30, 2026

SECURITIES [Abstract]

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

Securities available for sale are summarized as follows as of the dates presented below (dollars in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Allowance for Credit Losses		Fair Value
June 30, 2026
Available for sale:
State and municipal	$	197,674	$	554	$	(20,442	)	$	-	$	177,786
Residential mortgage-backed securities		288,743		107		(41,857	)		-		246,993
Commercial mortgage-backed securities		50,587		-		(4,302	)		-		46,285
Commercial collateralized mortgage obligations		66,689		4		(168	)		-		66,525
Asset-backed and other amortizing securities		13,001		-		(951	)		-		12,050
Other securities		5,599		251		(62	)		-		5,788
	$	622,293	$	916	$	(67,782	)	$	-	$	555,427
December 31, 2025
Available for sale:
State and municipal	$	199,417	$	388	$	(23,500	)	$	-	$	176,305
Residential mortgage-backed securities		302,711		130		(42,081	)		-		260,760
Commercial mortgage-backed securities		48,769		-		(3,983	)		-		44,786
Commercial collateralized mortgage obligations		67,708		77		(188	)		-		67,597
Asset-backed and other amortizing securities		13,972		-		(840	)		-		13,132
Other securities		5,000		-		(40	)		-		4,960
	$	637,577	$	595	$	(70,632	)	$	-	$	567,540

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and estimated fair value of securities at June 30, 2026 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. Declining-balance securities are shown separately since they are not due at a single maturity date.

	Available for Sale
	Amortized Cost		Fair Value
Within 1 year	$	-	$	-
After 1 year through 5 years		5,064		5,010
After 5 years through 10 years		19,481		19,012
After 10 years		178,728		159,552
Declining-balance securities		419,020		371,853
	$	622,293	$	555,427

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

The following table segregates securities with unrealized losses at the dates indicated, by the duration they have been in a loss position for which an allowance for credit losses has not been recorded (dollars in thousands):

	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
June 30, 2026
State and municipal	$	277	$	1	$	166,348	$	20,441	$	166,625	$	20,442
Residential mortgage-backed securities		3,806		89		236,040		41,768		239,846		41,857
Commercial mortgage-backed securities		5,918		97		40,367		4,205		46,285		4,302
Commercial collateralized mortgage obligations		62,708		168		-		-		62,708		168
Asset-backed and other amortizing securities		-		-		12,050		951		12,050		951
Other securities		2,335		62		-		-		2,335		62
	$	75,044	$	417	$	454,805	$	67,365	$	529,849	$	67,782
December 31, 2025
State and municipal	$	205	$	-	$	165,618	$	23,500	$	165,823	$	23,500
Residential mortgage-backed securities		3,132		48		249,710		42,033		252,842		42,081
Commercial mortgage-backed securities		3,503		7		41,284		3,976		44,787		3,983
Commercial collateralized mortgage obligations		63,210		188		-		-		63,210		188
Asset-backed and other amortizing securities		-		-		13,132		840		13,132		840
Other securities		-		-		4,961		40		4,961		40
	$	70,050	$	243	$	474,705	$	70,389	$	544,755	$	70,632