SECURITIES (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,860	$	—	$	(894)	$	6,966
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		144,241		—		(13,125)		131,116
Other		10,260		210		(46)		10,424
Other mortgage backed securities		35,263		—		(3,246)		32,017
Obligations of state and political subdivisions		101,046		37		(11,594)		89,489
Asset-backed securities		34,444		138		(800)		33,782
Corporate debt securities		45,790		129		(3,443)		42,476
Total	$	378,904	$	514	$	(33,148)	$	346,270

	Debt Securities Available-for-Sale
(Dollars in thousands)			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
December 31, 2022:	Cost		Gains		Losses		Value
U.S. Treasury securities	$	7,853	$	—	$	(1,052)	$	6,801
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		146,707		—		(15,032)		131,675
Other		10,992		233		(45)		11,180
Other mortgage backed securities		36,767		—		(3,079)		33,688
Obligations of state and political subdivisions		125,176		266		(14,753)		110,689
Asset-backed securities		37,526		—		(1,108)		36,418
Corporate debt securities		45,838		183		(3,028)		42,993
Total	$	410,859	$	682	$	(38,097)	$	373,444

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

			March 31, 2023
			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	$	—		$	—	$	2,003	$	2,430	$	—	$	12,594
Fair value		—			—		1,943		2,421		—		12,610
1 - 5 Years:
Amortized cost		2,892			802		6,465		18,175		—		—
Fair value		2,601			792		6,233		17,582		—		—
5 - 10 Years:
Amortized cost		4,968			16,009		941		20,636		2,395		33,196
Fair value		4,365			16,145		915		18,145		2,381		29,866
After 10 Years:
Amortized cost		—			137,690		25,854		59,805		32,049		—
Fair value		—			124,603		22,926		51,341		31,401		—
Total:
Amortized cost	$	7,860		$	154,501	$	35,263	$	101,046	$	34,444	$	45,790
Fair value		6,966			141,540		32,017		89,489		33,782		42,476

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

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

March 31, 2023

(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	$	—	$	—	$	6,966	$	(894)	$	6,966	$	(894)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		44,669		(485)		86,447		(12,640)		131,116		(13,125)
Other		1,484		(4)		2,860		(42)		4,344		(46)
Other mortgage-backed debt securities		2,004		(78)		30,013		(3,168)		32,017		(3,246)
Obligations of state and political subdivisions		3,423		(13)		80,843		(11,581)		84,266		(11,594)
Asset-backed securities		3,450		(32)		19,263		(768)		22,713		(800)
Corporate debt securities		7,841		(604)		29,006		(2,839)		36,847		(3,443)
Total	$	62,871	$	(1,216)	$	255,398	$	(31,932)	$	318,269	$	(33,148)

December 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	$	—	$	—	$	6,801	$	(1,052)	$	6,801	$	(1,052)
Obligations of U.S. Government Agencies and Sponsored Agencies:
Mortgage-backed		61,067		(2,184)		65,174		(12,848)		126,241		(15,032)
Other		1,589		(2)		3,168		(43)		4,757		(45)
Other mortgage-backed debt securities		16,167		(962)		17,521		(2,117)		33,688		(3,079)
Obligations of state and political subdivisions		56,565		(5,881)		35,704		(8,872)		92,269		(14,753)
Asset-backed securities		24,136		(405)		12,282		(703)		36,418		(1,108)
Corporate debt securities		15,827		(1,073)		18,345		(1,955)		34,172		(3,028)
Total	$	175,351	$	(10,507)	$	158,995	$	(27,590)	$	334,346	$	(38,097)

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

(Dollars in thousands)	Three months ended		Three months ended
	March 31, 2023		March 31, 2022
Net losses from market value fluctuations recognized during the period on equity securities	$	(155)	$	(63)
Less: Net gains recognized during the period on equity securities sold during the period		—		—
Net losses recognized during the reporting period on equity securities still held at the reporting date	$	(155)	$	(63)