SECURITIES (Tables)

9 Months Ended

Sep. 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
September 30, 2022:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	20,243	$	—	$	(1,887)	$	18,356
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		109,574		1		(13,901)		95,674
Other		5,603		3		(39)		5,567
Other mortgage backed securities		39,378		—		(3,038)		36,340
Obligations of state and political subdivisions		174,338		44		(19,060)		155,322
Asset backed securities		30,834		—		(967)		29,867
Corporate debt securities		47,917		170		(2,644)		45,443
Total	$	427,887	$	218	$	(41,536)	$	386,569

	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

			September 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	$	—		$	—	$	—	$	2,244	$	—	$	5,511
Fair value		—			—		—		2,237		—		5,560
1 - 5 Years:
Amortized cost		12,397			285		9,146		21,637		—		9,177
Fair value		11,628			283		8,813		20,800		—		9,101
5 - 10 Years:
Amortized cost		7,846			12,959		1,255		38,430		—		33,229
Fair value		6,728			12,894		1,217		35,558		—		30,782
After 10 Years:
Amortized cost		—			101,933		28,977		112,027		30,834		—
Fair value		—			88,064		26,310		96,727		29,867		—
Total:
Amortized cost	$	20,243		$	115,177	$	39,378	$	174,338	$	30,834	$	47,917
Fair value		18,356			101,241		36,340		155,322		29,867		45,443

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

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

(Dollars in thousands)	Nine months ended		Nine months ended
	September 30, 2022		September 30, 2021
Net (losses) and gains recognized during the period on equity securities	$	(181)	$	165
Less: Net gains recognized during the period on equity securities sold during the period		27		4
Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date	$	(208)	$	161

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

September 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	$	11,628	$	(769)	$	6,728	$	(1,118)	$	18,356	$	(1,887)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		38,062		(2,875)		54,908		(11,026)		92,970		(13,901)
Other		190		(1)		3,415		(38)		3,605		(39)
Other mortgage-backed debt securities		24,694		(1,566)		11,646		(1,472)		36,340		(3,038)
Obligations of state and political subdivisions		131,635		(13,551)		16,791		(5,509)		148,426		(19,060)
Asset backed securities		21,510		(306)		8,356		(661)		29,866		(967)
Corporate debt securities		19,160		(1,057)		17,463		(1,587)		36,623		(2,644)
Total	$	246,879	$	(20,125)	$	119,307	$	(21,411)	$	366,186	$	(41,536)

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)