Investment Securities (Tables)

9 Months Ended

Sep. 30, 2022

Investment Securities [Abstract]

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

September 30, 2022

Available-for-sale:

Amortized

Cost

Unrealized

Gains

Unrealized

Losses

Fair Value

U.S. Government Agency

$

10,400

$

-

$

(1,372)

$

9,028

Collateralized mortgage obligations

121,760

-

(21,712)

100,048

Mortgage-backed securities - residential

92,649

-

(15,942)

76,707

Mortgage-backed securities - commercial

30,818

-

(3,883)

26,935

Municipal securities

25,104

-

(6,475)

18,629

Bank subordinated debt securities

14,503

28

(969)

13,562

Corporate bonds

4,039

-

(377)

3,662

$

299,273

$

28

$

(50,730)

$

248,571

Held-to-maturity:

U.S. Government Agency

$

45,243

$

-

$

(5,804)

$

39,439

Collateralized mortgage obligations

70,424

-

(6,773)

63,651

Mortgage-backed securities - residential

40,574

-

(4,844)

35,730

Mortgage-backed securities - commercial

11,483

-

(516)

10,967

Corporate bonds

11,141

-

(1,189)

9,952

$

178,865

$

-

$

(19,126)

$

159,739

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 September 30,

Nine Months Ended September 30,

Available-for-sale:

2022

2021

2022

2021

Proceeds from sale and call of securities

$

13,809

$

5,674

$

45,647

$

48,939

Gross gains

$

2

$

72

$

218

$

510

Gross losses

(560)

(142)

(758)

(331)

Net realized gain (loss)

$

(558)

$

(70)

$

(540)

$

179

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

Available-for-sale

Held-to-maturity

September 30, 2022:

Amortized

Cost

Fair Value

Amortized

Cost

Fair Value

Due within one year

$

-

$

-

$

1,522

$

1,472

Due after one year through five years

4,039

3,662

9,619

8,480

Due after five years through ten years

15,503

14,362

-

-

Due after ten years

24,104

17,829

-

-

U.S. Government Agency

10,400

9,028

45,243

39,439

Collateralized mortgage obligations

121,760

100,048

70,424

63,651

Mortgage-backed securities - residential 

92,649

76,707

40,574

35,730

Mortgage-backed securities - commercial 

30,818

26,935

11,483

10,967

$

299,273

$

248,571

$

178,865

$

159,739

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

September 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

$

27,684

$

(3,810)

$

20,784

$

(4,726)

$

48,468

$

(8,536)

Collateralized mortgage obligations

58,660

(9,750)

105,038

(23,488)

163,698

(33,238)

Mortgage-backed securities - residential

38,911

(6,510)

73,524

(17,019)

112,435

(23,529)

Mortgage-backed securities - commercial

21,508

(2,715)

16,395

(3,194)

37,903

(5,909)

Municipal securities 

800

(200)

17,829

(6,275)

18,629

(6,475)

Bank subordinated debt securities

12,533

(970)

-

-

12,533

(970)

Corporate bonds

13,614

(1,045)

-

-

13,614

(1,045)

$

173,710

$

(25,000)

$

233,570

$

(54,702)

$

407,280

$

(79,702)

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)