XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.2
SECURITIES (Tables)
6 Months Ended
Jun. 30, 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

June 30, 2022:

​

Cost

​

Gains

​

Losses

​

Value

U.S. Treasury securities

​

$

20,228

​

$

—

​

$

(1,270)

​

$

18,958

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

​

 

​

​

 

​

​

 

​

​

 

​

Mortgage-backed

​

​

113,450

​

​

14

​

​

(9,219)

​

​

104,245

Other

​

 

5,988

​

 

4

​

 

(53)

​

 

5,939

Other mortgage backed securities

​

 

40,815

​

 

—

​

 

(2,259)

​

 

38,556

Obligations of state and political subdivisions

​

 

175,292

​

 

1,011

​

 

(11,767)

​

 

164,536

Asset backed securities

​

 

32,365

​

 

—

​

 

(1,005)

​

 

31,360

Corporate debt securities

​

 

47,994

​

 

156

​

 

(1,484)

​

 

46,666

Total

​

$

436,132

​

$

1,185

​

$

(27,057)

​

$

410,260

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 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

​

$

—

​

$

—

​

$

—

​

$

2,553

​

$

—

​

$

1,536

Fair value

​

 

—

​

 

—

​

 

—

​

 

2,554

​

 

—

​

 

1,534

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

1 - 5 Years:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized cost

​

 

12,389

​

 

323

​

 

7,941

​

 

21,300

​

 

33

​

 

13,212

Fair value

​

 

11,902

​

 

321

​

 

7,748

​

 

21,056

​

 

33

​

 

13,246

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

5 - 10 Years:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized cost

​

 

7,839

​

 

13,904

​

 

2,713

​

 

30,191

​

 

—

​

 

33,246

Fair value

​

 

7,056

​

 

13,834

​

 

2,615

​

 

29,294

​

 

—

​

 

31,886

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

After 10 Years:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amortized cost

​

 

—

​

 

105,211

​

 

30,161

​

 

121,248

​

 

32,332

​

 

—

Fair value

​

 

—

​

 

96,029

​

 

28,193

​

 

111,632

​

 

31,327

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total:

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Amortized cost

​

$

20,228

​

$

119,438

​

$

40,815

​

$

175,292

​

$

32,365

​

$

47,994

Fair value

​

 

18,958

​

 

110,184

​

 

38,556

​

 

164,536

​

 

31,360

​

 

46,666

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)

​

Six months ended

​

Six months ended

​

​

    

June 30, 2022

    

June 30, 2021

    

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

​

$

(158)

​

$

143

​

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

​

 

27

​

 

—

​

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

​

$

(131)

​

$

143

​

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

June 30, 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

​

$

18,958

​

$

(1,270)

​

$

—

​

$

—

​

$

18,958

​

$

(1,270)

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

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Mortgage-backed

​

​

83,061

​

​

(6,799)

​

​

18,270

​

​

(2,420)

​

​

101,331

​

​

(9,219)

Other

​

 

201

​

​

(1)

​

​

5,463

​

​

(52)

​

 

5,664

​

 

(53)

Other mortgage-backed debt securities

​

 

31,323

​

​

(1,646)

​

​

7,234

​

​

(613)

​

 

38,557

​

 

(2,259)

Obligations of state and political subdivisions

​

 

100,845

​

​

(9,382)

​

​

9,718

​

​

(2,385)

​

 

110,563

​

 

(11,767)

Asset backed securities

​

 

24,945

​

​

(445)

​

​

6,415

​

​

(560)

​

 

31,360

​

 

(1,005)

Corporate debt securities

​

 

31,256

​

​

(1,324)

​

​

5,590

​

​

(160)

​

 

36,846

​

 

(1,484)

Total

​

$

290,589

​

$

(20,867)

​

$

52,690

​

$

(6,190)

​

$

343,279

​

$

(27,057)

​

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)