Equity Securities

6 Months Ended

Jun. 30, 2023

Equity Securities [Abstract]

Equity Securities

4. Equity Securities

The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of equity securities held at June 30, 2023 and December 31, 2022.

			Gross		Gross
(DOLLARS IN THOUSANDS)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	$		$		$			$
June 30, 2023
CRA-qualified mutual funds		7,516		—		—			7,516
Bank stocks		1,716		46		(259	)		1,503
Total equity securities		9,232		46		(259	)		9,019

			Gross		Gross
(DOLLARS IN THOUSANDS)	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	$		$		$			$
December 31, 2022
CRA-qualified mutual funds		7,345		—		—			7,345
Bank stocks		1,685		162		(74	)		1,773
Total equity securities		9,030		162		(74	)		9,118

The following table presents the net gains and losses on the Corporation’s equity investments recognized in earnings during the three and six months ended June 30, 2023 and 2022, and the portion of unrealized gains and losses for the period that relates to equity investments held as of June 30, 2023 and 2022.

NET GAINS AND LOSSES ON EQUITY INVESTMENTS RECOGNIZED IN EARNINGS

(DOLLARS IN THOUSANDS)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022
	$			$			$			$
Net losses recognized in equity securities during the period		(106	)		(130	)		(302	)		(138	)
Less: Net gains realized on the sale of equity securities during the period		—			—			—			51
Unrealized losses recognized in equity securities held at reporting date		(106	)		(130	)		(302	)		(189	)