SECURITIES (Tables)

3 Months Ended

Mar. 31, 2022

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
March 31, 2022:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	20,213	$	—	$	(906)	$	19,307
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		118,832		52		(6,366)		112,518
Other		6,818		4		(78)		6,744
Other mortgage backed securities		42,152		—		(1,642)		40,510
Obligations of state and political subdivisions		178,308		3,472		(5,557)		176,223
Asset backed securities		34,511		15		(556)		33,970
Corporate debt securities		46,318		192		(901)		45,609
Total	$	447,152	$	3,735	$	(16,006)	$	434,881

	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

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

			March 31, 2022
			Debt Securities Available-For-Sale
(Dollars in thousands)				U.S. Government		Other		Obligations
				Agency &		Mortgage		of State		Asset		Corporate
	U.S. Treasury			Sponsored Agency		Backed Debt		& Political		Backed		Debt
	Securities			Obligations1		Securities1		Subdivisions		Securities		Securities
Within 1 Year:
Amortized cost	$	—		$	—	$	—	$	4,483	$	—	$	1,559
Fair value		—			—		—		4,501		—		1,569
1 - 5 Years:
Amortized cost		12,381			542		7,945		20,991		394		13,247
Fair value		12,030			541		7,826		21,057		393		13,359
5 - 10 Years:
Amortized cost		7,832			14,964		3,036		29,410		—		31,512
Fair value		7,277			14,906		3,011		29,344		—		30,681
After 10 Years:
Amortized cost		—			110,144		31,171		123,424		34,117		—
Fair value		—			103,815		29,673		121,321		33,577		—
Total:
Amortized cost	$	20,213		$	125,650	$	42,152	$	178,308	$	34,511	$	46,318
Fair value		19,307			119,262		40,510		176,223		33,970		45,609

¹ Mortgage-backed securities are allocated for maturity reporting at their original maturity date.

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

(Dollars in thousands)	Three months ended		Three months ended
	March 31, 2022		March 31, 2021
Net (losses) and gains recognized during the period on equity securities	$	(63)	$	115
Less: Net gains recognized during the period on equity securities sold during the period		—		—
Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date	$	(63)	$	115

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

March 31, 2022

(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	$	19,307	$	(906)	$	—	$	—	$	19,307	$	(906)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		91,235		(4,872)		15,105		(1,494)		106,340		(6,366)
Other		390		(2)		5,995		(76)		6,385		(78)
Other mortgage-backed debt securities		32,823		(1,139)		7,687		(503)		40,510		(1,642)
Obligations of state and political subdivisions		77,253		(4,177)		10,737		(1,380)		87,990		(5,557)
Asset backed securities		23,769		(188)		5,598		(368)		29,367		(556)
Corporate debt securities		25,357		(729)		5,578		(172)		30,935		(901)
Total	$	270,134	$	(12,013)	$	50,700	$	(3,993)	$	320,834	$	(16,006)

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)