SECURITIES (Tables)

9 Months Ended

Sep. 30, 2022

SECURITIES.

Amortized cost and estimated fair values of investments in securities

			Gross		Gross
	Amortized		Unrealized		Unrealized
(Dollars in thousands)	Cost		Gains		Losses		Fair Value
September 30, 2022
Debt securities available for sale:
State and municipal securities	$	175,763	$	—	$	(40,665)	$	135,098
U.S. Treasury securities		111,045		—		(3,786)		107,259
U.S. agency securities:
Callable debentures		3,000		—		(436)		2,564
Collateralized mortgage obligations		97,307		—		(12,909)		84,398
Mortgage-backed securities		211,497		—		(30,579)		180,918
Equity securities		1,201		—		(156)		1,045
Total	$	599,813	$	—	$	(88,531)	$	511,282
December 31, 2021
Debt securities available for sale:
State and municipal securities	$	168,541	$	4,451	$	(392)	$	172,600
U.S. Treasury securities		11,888		—		(91)		11,797
U.S. agency securities:
Callable debentures		3,000		—		(27)		2,973
Collateralized mortgage obligations		63,129		115		(862)		62,382
Mortgage-backed securities		173,446		1,805		(1,130)		174,121
Equity securities		1,189		—		(16)		1,173
Total	$	421,193	$	6,371	$	(2,518)	$	425,046

Amortized cost and estimated fair value of securities by contractual maturities

(Dollars in thousands)	1 Year or Less		After 1 Year to 5 Years		After 5 Years to 10 Years		After 10 Years		Total
September 30, 2022
Amortized cost:
Debt securities available for sale:
State and municipal securities	$	—	$	506	$	21,400	$	153,857	$	175,763
U.S. Treasury securities		69,486		38,655		2,904		—		111,045
U.S. agency securities:
Callable debentures		—		—		3,000		—		3,000
Collateralized mortgage obligations		—		—		2,487		94,820		97,307
Mortgage-backed securities		2		593		24,013		186,889		211,497
Equity securities		1,201		—		—		—		1,201
Total	$	70,689	$	39,754	$	53,804	$	435,566	$	599,813
Fair value:
Debt securities available for sale:
State and municipal securities	$	—	$	484	$	19,797	$	114,817	$	135,098
U.S. Treasury securities		68,069		36,672		2,518		—		107,259
U.S. agency securities:
Callable debentures		—		—		2,564		—		2,564
Collateralized mortgage obligations		—		—		2,408		81,990		84,398
Mortgage-backed securities		2		575		22,280		158,061		180,918
Equity securities		1,045		—		—		—		1,045
Total	$	69,116	$	37,731	$	49,567	$	354,868	$	511,282

(Dollars in thousands)	1 Year or Less		After 1 Year to 5 Years		After 5 Years to 10 Years		After 10 Years		Total
December 31, 2021
Amortized cost:
Debt securities available for sale:
State and municipal securities	$	881	$	—	$	12,339	$	155,321	$	168,541
U.S. Treasury securities		—		6,138		5,750		—		11,888
U.S. agency securities:
Callable debentures		—		—		3,000		—		3,000
Collateralized mortgage obligations		—		—		4,528		58,601		63,129
Mortgage-backed securities		—		953		4,056		168,437		173,446
Equity securities		1,189		—		—		—		1,189
Total	$	2,070	$	7,091	$	29,673	$	382,359	$	421,193
Fair value:
Debt securities available for sale:
State and municipal securities	$	883	$	—	$	12,905	$	158,812	$	172,600
U.S. Treasury securities		—		6,072		5,725		—		11,797
U.S. agency securities:
Callable debentures		—		—		2,973		—		2,973
Collateralized mortgage obligations		—		—		4,591		57,791		62,382
Mortgage-backed securities		—		994		4,166		168,961		174,121
Equity securities		1,173		—		—		—		1,173
Total	$	2,056	$	7,066	$	30,360	$	385,564	$	425,046

Securities with unrealized losses, aggregated by category and length of time

	Less than Twelve Months				Twelve Months or More
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses
September 30, 2022
Debt securities available for sale:
State and municipal securities	$	110,933	$	(28,504)	$	24,165	$	(12,161)
U.S. Treasury securities		104,544		(3,427)		2,715		(359)
U.S. agency securities:
Callable debentures		2,564		(436)		—		—
Collateralized mortgage obligations		62,830		(8,187)		21,568		(4,722)
Mortgage-backed securities		138,312		(20,371)		42,529		(10,208)
Equity securities		—		—		1,045		(156)
	$	419,183	$	(60,925)	$	92,022	$	(27,606)
December 31, 2021
Debt securities available for sale:
State and municipal securities	$	36,962	$	(387)	$	257	$	(5)
U.S. Treasury securities		11,797		(91)		—		—
U.S. agency securities:
Callable debentures		2,973		(27)		—		—
Collateralized mortgage obligations		40,776		(860)		241		(2)
Mortgage-backed securities		87,220		(1,130)		—		—
Equity securities		1,173		(16)		—		—
	$	180,901	$	(2,511)	$	498	$	(7)