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)