Securities (Tables)

3 Months Ended

Mar. 31, 2024

Securities

Schedule of amortized cost and fair values, together with gross unrealized gains and losses of securities

			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
Available-for-sale Securities:
March 31, 2024:
U.S. government agencies	$	27,500	$	—	$	(417)	$	27,083
Subordinated notes		28,984		—		(4,042)		24,942
State and municipal obligations		204,662		1,479		(6,359)		199,782
Total debt securities	$	261,146	$	1,479	$	(10,818)	$	251,807

			Gross		Gross
			Unrealized		Unrealized
	Amortized Cost		Gains		Losses		Fair Value
	(In thousands)
Available-for-sale Securities:
December 31, 2023:
U.S. government agencies	$	45,000	$	—	$	(732)	$	44,268
Subordinated notes		29,013		—		(4,713)		24,300
State and municipal obligations		177,670		2,264		(5,742)		174,192
Total debt securities	$	251,683	$	2,264	$	(11,187)	$	242,760

Schedule of amortized cost and fair value of available-for-sale securities by contractual maturity

	Amortized		Fair
	Cost		Value
	(In thousands)
Under 1 year	$	15,000	$	14,909
One to five years		13,084		12,698
Five to ten years		31,321		27,244
Over ten years		201,741		196,956
Totals	$	261,146	$	251,807

Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time

The following tables show the Company’s available for sale securities and the related gross unrealized losses and fair value,for which an allowance for credit losses has not been recorded,  aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2024 and December 31. 2023:

	March 31, 2024
	Less than 12 Months				12 Months or More				Total
Description of			Unrealized				Unrealized				Unrealized
Securities	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(In thousands)
U.S. Government agencies	$	—	$	—	$	27,083	$	(417)	$	27,083	$	(417)
Subordinated notes		4,110		(390)		20,832		(3,652)		24,942		(4,042)
State and municipal obligations		51,346		(432)		50,402		(5,927)		101,748		(6,359)
Total temporarily impaired securities	$	55,456	$	(822)	$	98,317	$	(9,996)	$	153,773	$	(10,818)

	December 31, 2023
	Less than 12 Months				12 Months or More				Total
Description of			Unrealized				Unrealized				Unrealized
Securities	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
	(In thousands)
US government agencies	$	—	$	—	$	44,268	$	(732)	$	44,268	$	(732)
Subordinated notes		3,717		(799)		20,583		(3,914)		24,300		(4,713)
State and municipal obligations		3,365		(12)		51,163		(5,730)		54,528		(5,742)
Total temporarily impaired securities	$	7,082	$	(811)	$	116,014	$	(10,376)	$	123,096	$	(11,187)