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SECURITIES (Tables)
12 Months Ended
Dec. 31, 2021
SECURITIES  
Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale

Debt Securities Available-for-Sale

(Dollars in thousands)

    

    

Gross

    

Gross

    

Amortized

Unrealized

Unrealized

Fair

December 31, 2021:

Cost

Gains

Losses

Value

U.S. Treasury securities

$

7,825

$

$

(96)

$

7,729

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

 

 

 

Mortgage-backed

116,039

560

(1,688)

114,911

Other

 

7,636

 

5

 

(65)

 

7,576

Other mortgage backed securities

 

39,881

 

99

 

(430)

 

39,550

Obligations of state and political subdivisions

 

175,021

 

11,709

 

(554)

 

186,176

Asset backed securities

 

36,555

 

143

 

(156)

 

36,542

Corporate debt securities

 

45,354

 

448

 

(370)

 

45,432

Total

$

428,311

$

12,964

$

(3,359)

$

437,916

Debt Securities Available-for-Sale

(Dollars in thousands)

    

    

Gross

    

Gross

    

Amortized

Unrealized

Unrealized

Fair

December 31, 2020:

Cost

Gains

Losses

Value

U.S. Treasury securities

$

$

$

$

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

 

 

 

Mortgage-backed

76,270

1,628

(325)

77,573

Other

 

10,534

 

2

 

(106)

 

10,430

Other mortgage backed securities

 

39,420

 

470

 

(46)

 

39,844

Obligations of state and political subdivisions

 

150,922

 

14,193

 

(14)

 

165,101

Asset backed securities

 

44,751

 

158

 

(88)

 

44,821

Corporate debt securities

 

28,523

 

481

 

(62)

 

28,942

Total

$

350,420

$

16,932

$

(641)

$

366,711

Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity

(Dollars in thousands)

Available-for-Sale

    

Amortized

    

Cost

Fair Value

1 year or less

$

7,687

$

7,778

Over 1 year through 5 years

 

33,953

 

35,046

Over 5 years through 10 years

 

68,075

 

69,111

Over 10 years

 

162,676

 

171,520

Mortgage-backed securities

 

155,920

 

154,461

Total

$

428,311

$

437,916

Schedule of unrealized and realized gains and losses recognized in net income on equity securities

(Dollars in thousands)

    

December 31, 2021

    

December 31, 2020

Net gains and (losses) recognized during the period on equity securities

$

323

$

(287)

Less: Net gains recognized during the period on equity securities sold during the period

 

(4)

 

Net gains and (losses) recognized during the reporting period on equity securities still held at the reporting date

$

319

$

(287)

Schedule of gross unrealized losses and fair value of the corporations debt securities

December 31, 2021

(Dollars in thousands)

Less Than 12 Months

12 Months or More

Total

Fair

Unrealized

Fair

Unrealized

Fair

Unrealized

Available-for-Sale:

    

Value

    

Loss

    

Value

    

Loss

    

Value

    

Loss

U.S. Treasury securities

$

7,729

$

(96)

$

$

$

7,729

$

(96)

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

  

 

  

 

  

 

  

 

  

 

  

Mortgage-backed

66,195

(1,271)

11,697

(417)

77,892

(1,688)

Other

 

6,687

(65)

 

6,687

 

(65)

Other mortgage-backed debt securities

 

11,036

(225)

7,362

(205)

 

18,398

 

(430)

Obligations of state and political subdivisions

 

25,867

(362)

3,931

(192)

 

29,798

 

(554)

Asset backed securities

 

11,232

(49)

6,315

(107)

 

17,547

 

(156)

Corporate debt securities

 

19,485

(315)

3,445

(55)

 

22,930

 

(370)

Total

$

141,544

$

(2,318)

$

39,437

$

(1,041)

$

180,981

$

(3,359)

December 31, 2020

(Dollars in thousands)

Less Than 12 Months

12 Months or More

Total

    

Fair

    

Unrealized

    

Fair

    

Unrealized

    

Fair

    

Unrealized

Available-for-Sale:

Value

Loss

Value

Loss

Value

Loss

U.S. Treasury securities

$

$

$

$

$

$

Obligations of U.S. Government Agencies and Sponsored Agencies:

 

  

 

  

 

  

 

  

 

  

 

  

Mortgage-backed

13,859

(302)

5,729

(23)

19,588

(325)

Other

 

2,497

 

(32)

 

6,709

 

(74)

 

9,206

 

(106)

Other mortgage-backed debt securities

 

8,290

 

(46)

 

 

 

8,290

 

(46)

Obligations of state and political subdivisions

 

4,122

 

(14)

 

 

 

4,122

 

(14)

Asset backed securities

 

6,827

 

(8)

 

11,018

 

(80)

 

17,845

 

(88)

Corporate debt securities

 

5,489

 

(11)

 

1,949

 

(51)

 

7,438

 

(62)

Total

$

41,084

$

(413)

$

25,405

$

(228)

$

66,489

$

(641)