Investment Securities (Tables)

6 Months Ended

Jun. 30, 2022

Investment Securities [Abstract]

Schedule of Available-for-sale Securities and Held-to-maturity Securities Reconciliation

June 30, 2022

Available-for-sale:

Amortized

Cost

Unrealized

Gains

Unrealized

Losses

Fair Value

U.S. Government Agency

$

27,816

$

-

$

(1,966)

$

25,850

U.S. Treasury

2,468

-

(31)

2,437

Collateralized mortgage obligations

155,340

-

(21,520)

133,820

Mortgage-backed securities - residential

111,708

-

(15,726)

95,982

Mortgage-backed securities - commercial

44,670

-

(4,549)

40,121

Municipal securities

25,124

-

(5,522)

19,602

Bank subordinated debt securities

16,503

53

(584)

15,972

Corporate bonds

6,062

-

(382)

5,680

$

389,691

$

53

$

(50,280)

$

339,464

Held-to-maturity:

U.S. Government Agency

$

34,100

$

-

$

(4,692)

$

29,408

Collateralized mortgage obligations

40,806

-

(5,513)

35,293

Mortgage-backed securities - residential

27,478

-

(3,954)

23,524

Mortgage-backed securities - commercial

3,095

-

(403)

2,692

Corporate bonds

11,192

-

(1,042)

10,150

$

116,671

$

-

$

(15,604)

$

101,067

December 31, 2021

Available-for-sale:

Amortized

Cost

Unrealized

Gains

Unrealized

Losses

Fair Value

U.S. Government Agency

$

10,564

$

6

$

(50)

$

10,520

Collateralized mortgage obligations

160,506

22

(3,699)

156,829

Mortgage-backed securities - residential

120,643

228

(2,029)

118,842

Mortgage-backed securities - commercial

49,905

820

(608)

50,117

Municipal securities

25,164

6

(894)

24,276

Bank subordinated debt securities

27,003

1,418

(13)

28,408

Corporate bonds

12,068

482

-

12,550

$

405,853

$

2,982

$

(7,293)

$

401,542

Held-to-maturity:

U.S. Government Agency

$

34,505

$

14

$

(615)

$

33,904

Collateralized mortgage obligations

44,820

-

(1,021)

43,799

Mortgage-backed securities - residential

26,920

-

(568)

26,352

Mortgage-backed securities - commercial

3,103

-

(90)

3,013

Corporate bonds

13,310

-

(221)

13,089

$

122,658

$

14

$

(2,515)

$

120,157

Schedule of Realized Gains and Losses

Three Months Ended June 30,

Six Months Ended June 30,

Available-for-sale:

2022

2021

2022

2021

Proceeds from sale and call of securities

$

17,280

$

29,018

$

31,838

$

43,266

Gross gains

$

58

$

363

$

216

$

438

Gross losses

(61)

(176)

(198)

(189)

Net realized gain (loss)

$

(3)

$

187

$

18

$

249

Amortized Cost and Fair Value of Investment Securities by Contractual Maturity Date

Available-for-sale

Held-to-maturity

June 30, 2022:

Amortized

Cost

Fair Value

Amortized

Cost

Fair Value

Due after one year through five years

$

8,530

$

8,117

$

11,192

$

10,150

Due after five years through ten years

17,503

16,822

-

-

Due after ten years

24,124

18,752

-

-

U.S. Government Agency

27,816

25,850

34,100

29,408

Collateralized mortgage obligations

155,340

133,820

40,806

35,293

Mortgage-backed securities - residential 

111,708

95,982

27,478

23,524

Mortgage-backed securities - commercial 

44,670

40,121

3,095

2,692

$

389,691

$

339,464

$

116,671

$

101,067

Debt Securities Available For Sale Unrealized Loss Position Fair Value [Table Text Block]

June 30, 2022

Less than 12 months

12 months or more

Total

Fair Value

Unrealized

Losses

Fair Value

Unrealized

Losses

Fair Value

Unrealized

Losses

U.S. Government Agency

$

40,053

$

(3,976)

$

15,205

$

(2,787)

$

55,258

$

(6,763)

U.S. Treasury

2,437

(31)

-

-

2,437

(31)

Collateralized mortgage obligations

100,414

(14,042)

68,699

(12,991)

169,113

(27,033)

Mortgage-backed securities - residential

77,724

(10,426)

41,782

(8,927)

119,506

(19,353)

Mortgage-backed securities - commercial

36,712

(3,830)

6,101

(1,057)

42,813

(4,887)

Municipal securities 

6,050

(1,560)

13,552

(3,962)

19,602

(5,522)

Bank subordinated debt securities

11,919

(584)

-

-

11,919

(584)

Corporate bonds

15,830

(859)

-

-

15,830

(859)

$

291,139

$

(35,308)

$

145,339

$

(29,724)

$

436,478

$

(65,032)

December 31, 2021

Less than 12 months

12 months or more

Total

Fair Value

Unrealized

Losses

Fair Value

Unrealized

Losses

Fair Value

Unrealized

Losses

U.S. Government Agency

$

25,951

$

(254)

$

15,477

$

(516)

$

41,428

$

(770)

Collateralized mortgage obligations

155,668

(3,223)

38,459

(1,497)

194,127

(4,720)

Mortgage-backed securities - residential

88,772

(1,178)

37,373

(1,274)

126,145

(2,452)

Mortgage-backed securities - commercial

25,289

(318)

7,507

(309)

32,796

(627)

Municipal securities 

11,292

(395)

11,978

(499)

23,270

(894)

Bank subordinated debt securities

4,487

(13)

-

-

4,487

(13)

$

311,459

$

(5,381)

$

110,794

$

(4,095)

$

422,253

$

(9,476)